Elon Musk buys large stake in Twitter, sending stock soaring

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AFP

New York (AFP) – Tesla CEO Elon Musk, who has expressed concern over protecting freedom of speech in the “de facto public town square” of Twitter, disclosed Monday a large stake in the social media company, sending shares soaring. Musk, who has more than 80 million followers on the microblogging platform, became its largest shareholder following the purchase of 73.5 million shares or 9.2 percent of common stock, according to a securities filing. The investment is worth about $2.9 billion based on Friday’s share price. Musk is currently the world’s richest man, with a net worth of $287.6 billio…