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Saturday, October 8, 2022

World Richest Man, Elon Musk, made N580bn, 24hours after buying 9.2% stake in Twitter

World Richest Person, Elon Musk has made 1billion dollars from Twitter, 24 hours after acquiring a stake of 9.2% from the popular microblogging platform.

This is according to Bloomberg index. The Tesla CEO, who acquired a 9.2% passive stake in Twitter for a $2.9 billion has seen a surge in the stock price from 27.1% on Monday to close at $49.97. 

This is equated to the amount of money made by Twitter in the last 4 years. In better context, Elon Musk generated Twitter income for four years in 24hours.

Elon who had always been a critic of the Twitter policy, sparked a reaction from Twitter users, when he decided to lead a poll, leading to his acquisition of 9.2% stake in the microblogging platform.

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He, however, led a poll yesterday on Twitter, about if Twitter should allow an edit button on or not. A lot of reactions have also been generated from Musk, while some people argue that he uses his poll to manipulate users, and indirectly influence his opinions.

CEO of Twitter Parag Agrawal also quoted the tweet “the consequences of this poll will be important. Please vote carefully”.

As of press time, the number of votes gathered stands at 2,382,075 with 73.6% voting “Yes” for twitter to allow the edit button.

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