Business

Elon Musk takes 9.2% share in Twitter

Social media company’s shares surge by 26% after acquisition

Elon Musk, the founder of electric carmaker Tesla and space exploration company SpaceX, has purchased a 9.2% share in Twitter,according to a statement issued to the US Securities and Exchange Commission on Monday.

After acquisition, Twitter shares surged by around 26% in the market.

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