Elon Musk Buys Twitter Stock Worth $3.7 billion

Twitter stocks skyrocketed after the news of Musk's buying stakes in it came to the fore. 

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Tesla chief, Elon Musk, has purchased 9.2% of Twitter stocks. 

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This amounts to $3.7 billion, making Musk the company's largest shareholder. 

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The news sparked a buying frenzy for Twitter stock.

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Twitter stock soared up 27.1% in the wee hours. 

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If the trend continues, it could be the highest close for the company since Nov. 17, 2021.

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It could also be the biggest one-day percentage gain for Twitter. 

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Surprisingly, last week, Musk created buzz for conducting a survey on Twitter. 

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He asked his 80 million followers if Twitter adhered to the principles of free speech. 

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With 70% of respondents saying “No”, Musk pondered over the creation of a new platform. 

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