Wiser! Insights: Elon Musk dominates the headlines again with Twitter. He's only gone and become the largest individual shareholder. And a member of the board too! But it's not without controversy (is it ever?)!
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Musk Becomes Largest Individual Shareholder In Twitter
Back Story: The only thing that you can be certain of is that this is going to be a crazy ride!
Elon Musk is considered to be the world's richest man, thanks to his enormous, and arguably overinflated shareholdings in Tesla, SpaceX and The Boring Company.
This week, he added another $1 billion to his paper wealth after it was made public that he'd spent around $2.4 billion on a big stake in Twitter. Musk now owns around 9% of the company.
The news broke after an SEC filing showed that Musk had been buying up a substantial amount of Twitter stock since the start of 2022.
