Tesla CEO Elon Musk takes a 9.2% stake in Twitter
ABC News
Tesla CEO Elon Musk is taking a 9.2% stake in Twitter
Tesla CEO Elon Musk is taking a 9.2% stake in Twitter.
Musk purchased approximately 73.5 million shares, according to a regulatory filing Monday.
Musk's stake in Twitter is considered a passive investment, which means Musk is a long-term investor that's looking to minimize his buying and selling of the shares.
However, Musk has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform and industry analysts were skeptical about the mercurial CEO remaining on the sidelines anywhere.
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