Elon Musk holds 9.2% passive stake in Twitter

Tesla CEO Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing Monday.

Musk’s stake in Twitter is considered a passive investment, which means Musk is a long-term investor that’s looking to minimise his buying and selling of the shares.

However, Musk has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform and industry analysts were skeptical about the mercurial CEO remaining on the sidelines anywhere.

We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter, Dan Ives of WedBush Securities wrote in a client note early Monday.

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