Elon Musk, who became the largest shareholder of the company by buying 9.2% of Twitter last week, officially lost this title today. The new largest shareholder of Twitter was Vanguard Group with a share of 10.3%.
Surprisingly shared documents last week, Elon Musk’s It bought 9.2% of Twitter. had shown. Musk thus became the largest shareholder of Twitter, refusing to be included in the board of directors, and submitted an offer to buy the whole of Twitter the other day.
While Twitter is looking for a strategy to fight against Elon Musk’s proposal, the US Securities and Exchange Commission (SEC) has made another surprise with a new document. The new document released is the Vanguard Group’s Twitter share increased to 10.3% showed. Thus, Elon Musk ceased to be the biggest owner of Twitter, and therefore the biggest say.
Elon Musk is no longer Twitter’s biggest partner
In the document released by the SEC, Vanguard Group’s Twitter account as of April 8 It has a 10.3% stake with a value of 3.6 billion dollars. specified. Although Elon Musk has lost the title of the largest shareholder, he is still on Twitter largest individual shareholder continues to be.
In his latest statement shared yesterday, Elon Musk said that if Twitter does not accept the $ 43 billion purchase offer, there will be a it’s plan B had explained. Musk did not provide any details about this plan.
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Source :
https://www.businessinsider.com/elon-musk-is-no-longer-twitters-largest-shareholder-2022-4