With a stake of 9.2 percent, it is the largest Twitter shareholder.
(Photo: dpa)
Dusseldorf Elon Musk has often proved to be an important influence on the capital markets – most recently with Twitter shares. His entry into the short message service caused the paper to rise by almost 30 percent to around $50 at times.
Contrary to what was planned, the Tesla boss will not take up an official post with the short message service. This was announced by Twitter boss Parag Agrawal on Monday night. The stock was then hardly changed in New York Monday trading at 46 dollars.
In any case, analysts are rather skeptical about Elon Musk’s influence on Twitter. The cryptocurrency Dogecoin, on the other hand, could benefit significantly more from the Musk effect. After all, the Tesla boss helped her to rally last year.
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