World News Headlines April 5, 2022 Under One Ceiling 0 Elon Musk’s Twitter stock purchase already paying off (for him) 0 0000 0 0 more Elon Musk’s Twitter stock purchase already paying off (for him) April 5, 2022 Under One Ceiling now playing Transferring money from UAE abroad: what are my cheapest options April 5, 2022 Under One Ceiling WIN With Nespresso This Mother’s Day April 5, 2022 Under One Ceiling NBA Playoffs 2022: A Casual Fan's Guide to the Postseason April 5, 2022 Under One Ceiling Best New Climbing Gear of 2022 April 5, 2022 Under One Ceiling A Local Weekend Travel Guide to Austin, Texas April 5, 2022 Under One Ceiling First Drive: 2022 Range Rover Ups the Luxury SUV Experience April 5, 2022 Under One Ceiling Most Stylish Rain Jackets, Parkas, and Trench Coats for Men April 5, 2022 Under One Ceiling EU eyes Russian oil import ban as Moscow strikes western Ukraine April 5, 2022 Under One Ceiling World-class Clark Int’l Airport opens new 110,000 square-meter passenger terminal April 5, 2022 Under One Ceiling PCG: Bodies of 5 children who drowned in Taal Lake found April 5, 2022 Under One Ceiling Elon Musk’s Twitter stock purchase already paying off (for him) When Elon Musk tweets, the market listens. Twitter shares skyrocketed Monday as news broke that the Tesla CEO and Twitter obsessive had purchased a 9.2 percent stake in the social media company. At the end of the day’s trading, CNBC reported that Twitter stock was up 27 percent — bringing the value of Musk’s holding up with it to a staggering $2.89 billion. That word of Musk’s investment would spur a buying frenzy itself is not a new phenomenon. We saw similar activity after the richest person alive announced that his company Tesla had purchased bitcoin, an announcement which immediately proceeded a new record high for the cryptocurrency. Notably, this all falls barely a week after Musk questioned whether or not Twitter’s time had come — on, of course, Twitter. SEE ALSO: Elon Musk says he’s thinking about building his own Twitter “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” he wrote on March 26. “What should be done? Is a new platform needed?” Tweet may have been deleted In the form of 73,486,938 shares of Twitter, it seems that Musk has provided an answer to his own question. That is, unless he intends to liquidate his entire holding, take a substantial profit, and use that to create a new social media platform entirely. Either way, we’re sure to hear about it… on Twitter. Related No related posts. tags: RSS Feed World News 0000 0 0 previous Ukraine supporters fight for pixels on Reddit's r/place next 'Wordle' today: Here's the answer and clues for April 5
