Elon Musk spent almost $3 billion to become Twitter`s biggest stakeholder
(iMore iPhone)

What you need to know Tesla CEO Elon Musk has spent $2.9 billion on Twitter stock. Musk bought 73.5 million shares. 9% of Twitter is now owned by the devisive Twitter user. Elon Musk now owns a 9% stake in Twitter. Tesla CEO Elon Musk has become Twitter`s biggest stakeholder after splashing almost $3 billion on shares. 73.5 million of them, to be precise. The AP reports on a regulatory filing that was shared Monday, with Musk`s described as a `long-term investor looking to minimize his buying and selling of the shares.` However, despite Musk recently suggesting that he could start his own social network amid free speech concerns related to Twitter, one analyst now believes that he is just as likely to make a play for an `aggressive ownership role` at the social network. `We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role o...