The documents, which were surprisingly shared last week, showed that Elon Musk bought 9.2% of Twitter . Musk thus became the largest shareholder of Twitter, refusing to be included in the board of directors, and submitted an offer to buy the whole of Twitter the other day.
While Twitter is looking for a strategy to fight against Elon Musk’s proposal, the US Securities and Exchange Commission (SEC) has made another surprise with a new document. The newly released document showed that the Vanguard Group Twitter share increased to 10.3% . Thus, Elon Musk ceased to be the biggest owner of Twitter, and therefore the biggest say.
Elon Musk is no longer the largest partner of Twitter
In the document released by the SEC, Vanguard Group’s Twitter as of April 8 It was stated that it has a 10.3% share in with a value of 3.6 billion dollars . Although Elon Musk has lost the title of the largest shareholder, he still remains the largest individual shareholder on Twitter .
Elon Musk, in his last statement shared yesterday, announced that he has a plan B if Twitter does not accept the $43 billion purchase offer. Musk did not provide any details about this plan.