Elon Musk has taken a 9.2% passive stake in social media company Twitter Inc (TWTR), according to a Bloomberg report.
Musk, the CEO of car company Tesla Inc (TSLA) and SpaceX, often uses Twitter to dispel his views. Shares of Twitter jumped over 26% to $49.79, while shares of Tesla were up 1% in pre-market trading.
This news comes after Musks recent poll where he asked users about whether twitter adheres to principles of democracy. The poll voted overwhelmingly no, and musk replied that there would be consequences to the results of the poll.
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