[Archyde.com]— It was revealed on the 4th that CEO Elon Musk of Tesla, a major electric vehicle company in the United States, had acquired a 9.2% stake in Twitter. He may have become the largest shareholder. As a result, Twitter’s stock price rose by more than 20% in early transactions.
Mr. Musk questioned Twitter’s commitment to free speech and posted on Twitter that he was seriously considering building a new social networking site (SNS).
According to the submitted material, Mr. Musk holds 73.5 million shares of Twitter. The maximum value calculated at the daily closing price is $ 2.9 billion.
According to Refinitiv data, Twitter’s second-largest shareholder is Vanguard, which holds 8.79%.
Dan Ives, an analyst at Wedbush, said of Musk’s stake acquisition “is just the beginning of a broader dialogue with Twitter executives and management, eventually expanding his voice and stakes in Twitter. It might lead to a further increase in holdings. “
Thomas He, Managing Member of Great Hill Capital
“I sent a message to Twitter, because a major share acquisition warns management because it might lead to a further share acquisition very quickly,” Iz said.
“The actual investment in Musk’s assets is very small, and a full-scale acquisition cannot be ruled out,” said Angelo Gino, an analyst at CFRA Research.
