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Does Elon Musk now own Twitter?

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Tesla CEO Elon Musk has taken a 9.2 per cent stake in Twitter, overtaking the shares of Twitter founder Jack Dorsey

Tesla CEO Elon Musk has taken a 9.2 per cent stake in Twitter. The billionaire’s big purchase sent shares in the social media giant soaring by a quarter in pre-market trading.

Musk bought over 73 million shares earlier last month.

So based on Twitter’s closing price on Friday, his chunk of twitter is worth close to 3 billion dollars

Musk now owns the most shares in Twitter, making him the company’s largest stakeholder.

The stake makes him one of the largest shareholders in the company and is more than four times the 2 per cent holding of Twitter founder Jack Dorsey.

Musk is a regular Twitter user with more than 80 million followers, but there is rumours he may pull a Donald Trump and build a new social media platform.

As cited in the BBC, Musk saw the valuation of his Tesla car company surpass a market value of $1 trillion last autumn, making it the fifth such firm to reach the milestone, after Apple, Microsoft, Amazon and Google-owner Alphabet.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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Unpacking crypto ‘prop trading’

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What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

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