The billionaire has acquired a stake in the popular microblogging site, now owning more of it than its original founder.
Billionaire Elon Musk, CEO of SpaceX and Tesla, has recently acquired a three billion dollar Twitter stake, which equates to about 9.2% of the social media company, or 73,486,938 Twitter shares., the acquisition, which reportedly happened on March 14, has now resulted in Twitter's shares jumping up 25% in pre-market trading. With his acquisition, Musk now owns a larger Twitter share than the site's original founder, Jack Dorsey, who currently owns 2.25%.
Being a regular and prolific Twitter user, Elon Musk's official profile currently has over 80 million followers. He's used the platform to not only share his views on current events and update people on what his companies are up to, but to interact with fans, often Tesla users, and has been known to regularly share witty memes.
This has created an image of being a different and fun, relatable"kind of billionaire," as opposed to the likes of Microsoft co-founder Bill Gates and Amazon founder Jeff Bezos.
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