Elon Musk, owner of Tesla Company, has bought more than 9% shares of the social networking site Twitter.
According to media reports, Elon Musk has bought more than 9% shares of Twitter on March 14, which is more than 73.4 million. These shares are worth about 3 billion dollars.
The US Securities and Exchange Commission has also confirmed that Tesla founder bought the shares of Twitter. Elon Musk has bought a 9.2% shares, making him the biggest shareholder of platform. Twitter co-founder Jack Doorsey owns 2.25% of the stock.
Shares of Twitter rose 25% on Monday after news broke that Elon Musk had bought shares.