TechScape: What does Elon Musk want with Twitter?
In this week's newsletter: the world's richest man just bought 9.2% of the social media site promising significant improvements" - here's what that could mean
If you can't beat them, join them" is loser talk. If you can't beat them, buy 10% of them, and then they're the ones who have to beat you.
That, at least, seems to have been Elon Musk's conclusion, after he ended a month of whining about the social network, on the social network, with a $2.9bn purchase of 9.2% of the social network.
Elon Musk has built up a 9.2% stake in Twitter, according to filings with the US Securities and Exchange Commission (SEC) on Monday.
Twitter shares jumped 26% in pre-market trading on the back of the news that the world's richest person holds shares worth almost $3bn in the micro-blogging platform.
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