Twitter stock jumps after Elon Musk Buy

Twitter shares rose more than 20% Monday morning on news that Tesla CEO Elon Musk procured a 9.2 percent stake in the social media platform.

Musk is currently the biggest external investor with 73,486,938 offers, as indicated by a Securities and Exchange Commission recording delivered Monday.

The Tesla boss is an extremely dynamic Twitter client with a serious fan base. Simply last week he surveyed his 80 million  followers on whether the platform “rigorously adheres”  to free speech.

The arrangement to get a stake in Twitter comes a very long time after lengthy time CEO Jack Dorsey withdrew the organization.

Over 70 percent responded “No,” prompting Musk to ask whether a new platform is needed.

Parag Agrawal replaced Dorsey in November, prompting Musk to tweet a meme depicting Agrawal as Joseph Stalin and Dorsey as Soviet secret police chief Nikolai Yezhov being pushed into water.

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