Suggestions




··

Elon Musk Now Twitter’s Biggest Shareholder

Chief executive of electric carmaker Tesla keeps mum on why he made the surprise move
April 4, 2022
by
Elon Musk Now Twitter's Biggest Shareholder

United States’ Securities and Exchange Commission (SEC’s) new filing has revealed that Tesla chief, Elon Musk, is now one of  Twitter’s two biggest shareholders, with 9.2 per cent stake.

The latest  filing on Monday revealed that the tech entrepreneur  and chief executive of  the electric carmaker Tesla had,  in a surprise move, taken a 9.2 per cent stake in the social media group.

Musk signed the SEC filing which was dated Monday but he did not immediately make any statement as per why he  made the move.

Join our WhatsApp Channel

His use of twitter to reveal things about Tesla’s financial health has remained controversial.

Although many would consider Musk’s surprise move as  an interesting development, it yet  remains unclear whether  his holding would be termed class A shares.
With many US corporations, the type of shares naturally determines the kind of power the shareholder wields within the corporation.
Significant Class A shares determines the voting power of an entity or individual and how much influence the entity would have on the Board and decision making process.
Uduegbunam Chukwujama
+ posts

Uduegbunam Chukwujama

Related Posts

Top 3 Foreign Coaches For Super Eagles Job - Quireoz, Valverde, Pirlo
Previous Story

Top 3 Foreign Coaches For Super Eagles Job – Quireoz, Valverde, Pirlo

Next Story

NIN-SIM Linkage: FG Orders Telcos To Block Unlinked Lines Today

Featured Stories

Related Posts

Latest from Business

Tinubu Constitutes Taskforce to Revamp Petroleum Industry

President Bola Tinubu has inaugurated a Presidential Petroleum Reform and Value Optimisation Taskforce to plan the next stage of reforms in Nigeria’s petroleum sector. Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder of the Fate Foundation, was appointed chairman of

Investigation Reveals 23 Damaged Components on Arik Air Flight

Nigeria’s air accident investigators said a passenger aircraft operated by Arik Air suffered damage to at least 23 components after an abnormal engine incident during a flight in February. In a preliminary report released on Friday, the Nigerian Safety Investigation Bureau said
Why CBN Retained Bencmark Interest Rate At 27.5%

CBN Directs Banks to Deny Debtors New Loans

Central Bank of Nigeria has directed commercial banks to deny additional credit and certain banking services to large borrowers with non-performing loans, in a move aimed at strengthening credit discipline and reducing financial risks in the banking system. In a letter dated March 12,
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday.Join our WhatsApp Channel
Top 3 Foreign Coaches For Super Eagles Job - Quireoz, Valverde, Pirlo
Previous Story

Top 3 Foreign Coaches For Super Eagles Job – Quireoz, Valverde, Pirlo

Next Story

NIN-SIM Linkage: FG Orders Telcos To Block Unlinked Lines Today

Don't Miss

NASENI EVC Tasks Staff To Support President Tinubu's Fuel Transition Agenda

NASENI EVC Tasks Staff To Support President Tinubu’s Fuel Transition Agenda

Mr. Khalil Halilu, the Executive Vice Chairman and Chief Executive
image

40 Playful Tattoo Ideas for a Good laugh

Tattoos have always been controversial body aesthetics in society from