Elon Musk now has an active stake in Twitter having started purchasing stock the end of January, according to a new disclosure with the Securities and Exchange Commission.
After it was not clear if Musk’s investment was passive, meaning he would not seek any changes in Twitter, it has been reported that he filed a form 13D which is used by active investors.
According to a Twitter report in an SEC filing Musk purchased shares almost on a daily basis since Jan. 31, spending over $2.64 billion total to become the largest shareholder with 9.2 per cent of the social media company.
Either to post updates from his companies, to share memes or to ask people if they think Twitter encouraged free speech, Musk´s posts have reached the news more than once, sometimes with big impacts on markets.
So far Twitter’s stock recorded its best day since the company’s IPO in 2013, skyrocketing more than 27%. Musk regained the top spot on the latest Forbes billionaires list with a net worth of $219 billion, an estimate that did not included his recent move on Twitter.