By Guardian Nigeria 06 April 2022 | 3:06 am TELSA Chief Executive Officer, Elon Musk, has bought a 9.2 per cent stake in micro-blogging platform Twitter. Reuters reports the deal likely makes the South African-born Musk… TELSA Chief Executive Officer, Elon Musk, has bought a 9.2 per cent stake in micro-blogging platform Twitter. Reuters reports the deal likely makes the South African-born Musk the biggest shareholder in the micro-blogging site and triggered a 23% rise in its shares. It adds that Musk’s move comes close on the heels of his tweet saying he was giving a “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech. According to the report, a filing showed Musk owns 73.5 million Twitter shares, valuing his passive stake in the company at up to $2.9 billion based on the stock’s Friday close. The shares are held by the Elon Musk Revocable Trust, of which he is the sole trustee. Latest 8 mins ago TELSA Chief Executive Officer, Elon Musk, has bought a 9.2 per cent stake in micro-blogging platform Twitter. Reuters reports the deal likely makes the South African-born Musk… 12 mins ago Bayelsa State Governor, Douye Diri, has said the state, with the longest coastline in Nigeria, is interested in collaborations that will help it secure its maritime and harness its resources. 14 mins ago Companies within the digital identity space in Nigeria have announced the launch of the Association of Data Verification Service Providers (ADVSP). 20 mins ago Oil and gas stakeholders in the country have linked the growing crude oil theft and subsidy misalignment to the inadequacy of metering and measurements in Nigeria. 20 mins ago Two-Time commissioner in Enugu State, Dr. Eric Oluedo, has advised the Peoples Democratic Party (PDP) to stick to its rules in deciding who flies its flag in the 2023 elections to avoid implosion in the party.
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