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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Twitter Shares Take Wing, Oil Prices Rebound

Twitter Inc. Elon Musk United States Tesla Inc. US Securities and Exchange Commission Russia
Twitter shares flutter after Elon Musk bought a major stake in the company Kirill KUDRYAVTSEV AFP/File

Stock markets were relatively subdued on Monday while oil prices rose as Western nations eyed more sanctions on Russia, but Twitter stood out as its shares soared after Elon Musk purchased a major stake in the social network.

Twitter's stock soared more than 25 percent after news of the Tesla boss's investment, AFP said.

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