• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

New SEC Filing Shows Elon Musk Spent $2.64 Billion Buying Twitter Stock

Ibhadojemu Emmanuel by Ibhadojemu Emmanuel
April 6, 2022
in Uncategorised
Share on FacebookShare on Twitter

Elon Musk, CEO of EV company Tesla

According to a new SEC filing made on Tuesday, CEO of Tesla has been purchasing shares of micro-blogging platform Twitter on a daily basis since the end of January and spent a whopping $2.64 billion for the stake he currently owns in the company.

We had earlier reported on Monday that the billionaire acquired more than 9 percent stake in Twitter, sending Twitter shares soaring more than 25 percent. His stake made Elon Musk the biggest outside shareholder. On Monday, Twitter via a 13G filing indicated that Elon Musk had 9.2 percent ownership of the company. The 13G filing indicated that Elon Musk owned a passive stake and isn’t trying to gain control over Twitter.

The Tuesday 13D filing confirmed that Elon Musk seeks to be more active in Twitter’s operations, i.e., he wants to be a part of the running of Twitter’s operations. The Tuesday filing also showed that Elon Musk owns 73,115,038 Twitter shares which translates to 9.1 percent of the company and at the end of Tuesday’s trading, these shares were worth $3.73 billion.

Elon Musk is now an active investor following the company and its CEO, Parag Agrawal’s announcement that he’d be joining the company’s board of directors. “I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” the CEO tweeted.

Per the filing, Elon Musk had been buying Twitter shares since the 31st of January and extended it through April 1st. He made the largest purchase on the 7th of February after buying 4.8 million shares worth over $176 million.

The Monday filing emphasized that while Elon Musk serves on Twitter’s board, or 90 days after serving on the board, he cannot own more than 14.9 percent of the company’s stock, whether making the purchase as an individual or a member of a group.

This announcement comes after Elon Musk criticized Twitter for hindering free speech and his announcement that he may launch his own social media platform. It is pertinent to know that Jack Dorsey owns just 2.3 percent stake in Twitter.

Related Posts:

  • Twitter Shares Fall 18 Percent After Elon Musk Said…
  • Twitter's Legal Team Accusses Elon Musk Of Violating An NDA
  • iphone-7-BGR
    Twitter To Pursue Legal Battle With Elon Musk After…
  • Elon Musk Is Ready To Acquire Twitter, And At The Original Price He Intended
    Elon Musk Is Ready To Acquire Twitter, And At The…
  • Twitter Sues Elon Musk for Terminating His $44 Billion Takeover Bid
    Twitter Sues Elon Musk for Terminating His $44…
  • A photo illustration shows Elon Musk’s twitter account
    Twitter Is Suing Elon Musk, Forcing Him To Honour…
  • torrent malware
    Twitter Loses Three Key Senior Employees Ahead Of…
  • A photo illustration shows Elon Musk’s twitter account
    Breaking: Elon Musk Notifies Twitter Of Deal Termination

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Ibhadojemu Emmanuel

Ibhadojemu Emmanuel

Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025
    • Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service May 10, 2025
    • Over 300K Customers Leave 9mobile Over MTN Roaming Delay May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    May 10, 2025
    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok