The richest person in the world, Elon Musk, has recently been on the agenda with the social media platform Twitter’s aspire to all. Musk, who bought 9.2 percent shares in the first place and became the largest shareholder, finally aspires to the entire company. In fact, the businessman, who said that he would reconsider his shareholding position if the purchase offer was not accepted, had a great shock in the past hours.
Elon Musk, no longer the largest shareholder of Twitter
Elon Musk, 9 percent from Twitter Inc on March 15, 2022, in a statement to the U.S. Securities Exchange Security and Exchange Commission. He bought 2 passive shares. In this way, Musk, who became the largest shareholder of the company, later thought of entering the company’s board of directors, but withdrew at the last moment.
Elon Musk Twitter
The business person made a critical decision yesterday and wanted to buy the entire Twitter with a valuation of 43 billion dollars by paying $ 54.20 per share. He even tacitly threatened the company, saying he would reconsider his shareholding position if his offer was not accepted.
Elon Musk’s plan to buy the social media platform is not going as he expected, according to the latest information. Because, in the latest documents published by the US Securities and Exchange Commission (SEC), it was announced that the investment company Vanguard Group has increased the number of shares to 82.4 million as of now, which corresponds to a share of 10.3 percent.
With the latest development, Elon Musk also lost the title of Twitter’s largest shareholder. However, it still maintains the title of the company’s largest individual shareholder. Time will tell how this will affect Musk’s plan to buy Twitter.
So what do you think about this issue? Do you think Elon Musk can achieve his goal in this regard? Do not forget to share your views with us in the comments section or on the SDN Forum.
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