Elon Musk earned $750 million from Twitter shares

Famous businessman Elon Musk, who has become the largest shareholder of Twitter, which he criticized a lot with a surprise decision, even with this decision alone, even with this decision, the net amount Twitter has earned for years is even greater. earned over a profit.

Goose will come from the ground chicken

As it was revealed in the report sent by Twitter to the commission, it is not known exactly when Elon Musk bought the shares, but the $ 40 limit has been seen in the last two weeks. Before, there is a course in the range of $35-40$.

With the best guess, we can say that Elon Musk bought at a level below $35 because it coincided with this period when he put pressure on Twitter with criticism. According to the price at the close of Friday, it reached a value of $ 2.89 billion, which means that it bought around 72 million shares.

With the news on Monday, the biggest rise in Twitter history took place and shares gained 27 percent. Elon Musk’s earnings also found $ 725 million. If we take into account the first purchase period, a profit of close to 1 billion dollars emerges. That’s more than the sum of the profits Twitter has made in a few years. With this strategy, we can say that both Elon Musk and Twitter won.