News & Reviews:   Elon Musk Twitter largest shareholder

The world’s richest person as well as the CEO of Tesla and SpaceX, Elon Musk is now also the largest shareholder of the popular social media platform Twitter. Musk, who himself is a prolific Twitter user, now owns 9.2 percent of the company after purchasing a whopping ~RM12.1 billion in stock.

CNBC broke the news yesterday after spotting a US Securities and Exchange Commission (SEC) filing on the purchase. With the news of Musk’s Twitter stocks purchase, share prices of the social media company actually went up to more than 27 percent.