Tuesday, February 7, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Social Media

Elon Musk Is Now Twitter’s Largest Shareholder

He previously questioned the platform's approach to free speech.

by Ikmal Rozlan
April 5, 2022
elon musk

[Photo: Jim Merithew/Wired.com]

84
SHARES
Share on FacebookShare on Twitter

A regulatory filing has revealed that billionaire Elon Musk has obtained 73.5 million shares in Twitter through the Elon Musk Revocable Trust, of which he is the sole trustee. That figure is equivalent to 9.2% of stake in the social media company and essentially made him its largest shareholder to date.

As a comparison, Twitter’s second-biggest shareholder is Vanguard, which has an 8.79% stake while the company’s founder Jack Dorsey, who recently stepped down as CEO, owns a little over 2% of Twitter. Elon’s stake in Twitter is estimated to be worth around US$2.89 billion (~RM12.1 billion).

Is a new platform needed?

— Elon Musk (@elonmusk) March 26, 2022

ADVERTISEMENT

The revelation has caused Twitter shares to surge up to 26% which is its biggest intraday increase in more than four years. Interesting enough, the move comes not long after Musk publicly contemplated starting a new social media platform that would prioritise free speech.

When Parag Agrawal took over Twitter as its leader, Musk posted a meme of Agrawal being depicted as dictator Joseph Stalin, which implies that the new top shareholder might not be a fan of the newly-minted CEO. The Tesla CEO has over 80 million followers on Twitter and regularly makes announcements on the site, with Musk finding himself in hot water with the US Securities and Exchange Commission in 2018 after teasing about taking Tesla private.

Elon Musk at Tesla factory in Fremont back in 2011. [Image: Maurizio Pesce / Flickr.]
That being said, he has yet to reveal if he has any future plans for Twitter. Then again, he is currently running a poll that revolves around the much-requested edit button for the platform.

(Source: Twitter [pdf], Reuters, Bloomberg)

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Filed Under Elon Muskfree speechSocial Mediatwitter
Updated 10:46 am, Tue, 5 April 22
Back to top
Share34Tweet21SendShare

RELATED ARTICLES

twitter coins awards tips
Social Media

Twitter Reportedly Working On Coins For Creators To Earn Revenue

by Ikmal Rozlan
January 12, 2023
snapchat plus malaysia
Social Media

Snapchat Plus Now Available In Malaysia From RM1.90 Per Month

by Ikmal Rozlan
January 11, 2023
Twitter Blue Verified Now Concern Malaysia
Social Media

Elon Musk Confirms Long Form Tweets Coming To Twitter In February

by Heirul Kamel
January 9, 2023
phone scam hacker stock photo
Data Breaches

Hacker Claims To Be Selling Data Of 400 Million Twitter Users

by Ian Chee
December 27, 2022

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Mobile Phones

    Samsung Galaxy S23 Ultra Goes Official: Price In Malaysia Starts At RM5,699

  2. 2
    Transportation

    Believe It: We Just Paid For A MRT Ride In Kuala Lumpur Using An Apple Watch

  3. 3
    Wearables

    Samsung Galaxy Watch Blood Pressure And ECG Feature Now Available In Malaysia

  4. 4
    Social Media

    Elon Musk Is Now Twitter’s Largest Shareholder

  5. 5
    ISP

    Time To Roll Out Pakej MyKabel This March: 100Mbps At RM69 Per Month

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2023 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2023 LOWYAT, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.