{"id":1418794,"date":"2022-04-04T20:15:11","date_gmt":"2022-04-05T00:15:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1418794"},"modified":"2022-04-04T20:15:14","modified_gmt":"2022-04-05T00:15:14","slug":"breitbart-business-digest-elon-musk-got-9-2-of-twitter-for-free","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-digest-elon-musk-got-9-2-of-twitter-for-free\/","title":{"rendered":"Breitbart Business Digest: Elon Musk Got 9.2% of Twitter for Free"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreitbart-business-digest-elon-musk-got-9-2-of-twitter-for-free%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1418794&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\">The world\u2019s richest man became even wealthier on Monday after he <a href=\"https:\/\/www.breitbart.com\/tech\/2022\/04\/04\/bokhari-urged-on-by-conservatives-elon-musk-becomes-twitters-largest-shareholder\/\">disclosed<\/a> that he had acquired 9.2 percent of Twitter.<\/p>\n<p>Elon Musk\u2019s investment was already doing very well before the announcement. He purchased 73,486,938 shares of Twitter\u2019s common stock on March 14, probably paying around $33 a share or $2.4 billion. As of Friday, the shares were up to $39 or so, a return of around 18 percent. Following the disclosure in a regulatory filing, shares jumped another 27 percent to $49.97. Musk\u2019s shares are now up 50 percent\u00a0from when he acquired them.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Not that Musk would even notice. According to Bloomberg, Musk is worth around $288 billion. So, an extra billion or so here or there is not going to make a difference.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Musk may have also broken the rules by delaying his disclosure until today. The Securities and Exchange Commission typically requires an investor who acquires five percent or more of a public company to file the appropriate paperwork within 10 days. Musk tweeted about Twitter\u2019s policies on March 25\u2014asking if Twitter adhered to the principles of free speech\u2014but did not file anything until today. That might earn him a fine, but it\u2019s likely to be so small in comparison to Musk\u2019s wealth that it might as well just be a harsh glance.<\/p>\n<p>There is some talk that Musk might try to acquire Twitter altogether. After its gains Monday, the company has a market cap of $40 billion\u2014putting it theoretically in reach for Musk. Most of his wealth, however, is shares of Tesla, and selling those to buy Twitter might rattle investors in those companies.<\/p>\n<p>Or maybe not. Those investors certainly seemed to like Musk\u2019s acquisition of part of Twitter. Tesla shares rose 5.6 percent on Monday, which means Elon made even more on Monday in Tesla gains than he spent to acquire those Twitter shares. In other words, the market reaction to the Twitter investment has more than paid for the investment itself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s richest man became even wealthier on Monday after he disclosed that he had acquired 9.2 percent of Twitter. Elon Musk\u2019s investment was already doing very well before the<\/p>\n","protected":false},"author":11,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1418794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1418794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1418794"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1418794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1418794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1418794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1418794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}