Elon Musk at one point suggested that he was thinking of launching his own social media platform, which he may yet do, but in the meantime he has decided to buy a piece of Twitter. This past Friday, the Tesla founder purchased almost 74-million Twitter shares, for a total of $2.89-billion, giving him an almost 10 percent stake in the company.
Twitter shares jumped from around $39.30 on Friday to a maximum of $48.60 earlier today, marking a nearly 26 percent increase. The news that Musk was now a major Twitter shareholder came courtesy of a regulatory filing made today.
