Bought billions of dollars of stock! Elon Musk takes control of Twitter

Elon Musk, one of the richest businessmen in the world, has become one of the biggest partners of Twitter. Musk bought Twitter shares for $2.3 billion. After this stage, it is expected that he will be appointed to the board of directors of the company as the largest partner. Twitter CEO Agrawal, “Welcome Elon!” he tweeted. Wrote.
The last move of South African businessman Elon Musk, who has accomplished remarkable works, is being watched carefully by the whole world. With Musk becoming the biggest partner of Twitter, new steps have been taken. Musk will join Twitter’s board of directors with the next decision and will make critical decisions as the biggest partner.

“As long as he serves on the board of directors and until 90 days after his term ends, Elon Musk cannot personally or as a group own more than 14.9 percent of the company’s shares,” the statement said.


Parag Agrawal, Twitter CEO, tweeted, “I am excited to share the board with @elonmusk! Through conversations with Elon over the past few weeks, it has become clear that he will add great value to our Board. He is a passionate believer in the service we need on Twitter and across the board, and a passionate believer. Will be an intense critic to make us stronger in the long run. Welcome Elon!” said.


Musk bought 73.5 million shares, equivalent to 9.2% of Twitter, for $2.8 billion. With the purchase, the stock rose sharply, while the price approached $50 per share. For Twitter, which had a premium of over 25 percent yesterday, Musk also brought up a new discussion.


As it is known, it is not possible to change the tweets written on Twitter. If the tweet is deleted and re-entered, the edited tweet can be published.

Elon Musk has offered to introduce an edit button to make this situation easier. Musk, who opened a poll on Twitter, said, “Do you want an edit button?” He asked this question to his millions of followers.

Nearly 3 million votes have been cast so far, and 73.5% of them asked for regulation.


Musk misspelled ‘Yes’ from the survey responses. It was stated that Musk, who wrote ‘Yse’ instead of writing yes, may have done this on purpose.

Mehmet Sarıusta

Hi, I'm Mehmet. I am a writer for Expat Guide Turkey and I strive to create the best content for you. To contact me, you can send an e-mail to Happy reading!

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