Elon Musk buys 9.2% Twitter stake, sending social media firm’s stock soaring


Source: scmp.com scmp.com

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Elon Musk has taken a major stake in Twitter, regulatory filings showed on Monday, sending the social media network’s stock soaring and igniting speculation he could seek an active role in its operations. Musk, the world’s richest man and CEO of electric vehicle company Tesla, is a frequent Twitter user who often posts controversial messages and announcements, and has long been critical of social media companies. In one recent post he questioned Twitter’s adherence to free speech and hinted at launching his own platform. According to a document filed with the US Securities and Exchange Commission (SEC), the South African-born...