Elon Musk buys $3 billion stake in Twitter

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Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing.</p>
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The news sent Twitter shares soaring about 25% in pre-market trading.</p>
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The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission.</p>
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The stake is worth $2.89bn (£2.20bn), based on Twitter's closing price on Friday.</p>
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The stake makes him one of the largest shareholders in the company and is more than four times the 2.25% holding of Twitter founder Jack Dorsey.</p>
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Musk is a regular Twitter user with more than 80 million followers, although recently he said he is giving "serious thought" to building a new social media platform.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/world-news/us-billionaire-elon-musk-refuses-to-block-russia-s-news-outlets-from-starlink-internet-154980.html">US billionaire Elon Musk refuses to block Russia’s news outlets from Starlink Internet</a></strong></p>