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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Musk Discloses 9.2% Stake in Twitter

Twitter Inc. United States Elon Musk Silicon Valley
Elon Musk looks at his mobile phone during a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper/File Photo

Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, sending the micro-blogging site's shares soaring 16% in premarket trading.

Late March, the silicon valley billionaire said he was giving "serious thought" to building a new social media platform.

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