As Tesla Inc CEO Elon Musk hopes to buy Twitter Inc in a $43 billion deal, he is now no longer the company’s largest shareholder.
What Happened: A recent SEC filing shows that Vanguard Group is now the biggest shareholder of Twitter with a 10.3 percent stake in the company. That’s 82.4 million shares, worth $3.7 billion as of Friday’s close.
That’s an increase from December 2021, when Vanguard reported holding 67.2 million shares of Twitter, or about 8.4 percent of the company.
In early April, Musk was momentarily Twitter’s largest shareholder by purchasing 73.5 million shares. A day later his disclosed stake dropped to 73.1 million shares or 9.1 percent of the company.
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