TWITTER TO GAIN FORM MUSK’S FINANCIAL TORQUE: Elon Musk has purchased a 9.2 per cent share in Twitter for $2.9 billion making him the social media company’s largest shareholder. Given his $299 billion fortune, it certainly is no big deal for the Tesla boss. The investment has zoomed Twitter’s stock by 25 per cent, providing Musk with a bigger personal fortune. Clearly, going beyond money, the buy has catapulted Musk into the pantheon of global media oligarchy in the league of Jeff Bezos, who owns Washington Post. Despite the ‘love –hate’ relations Musk has with media, his financial muscle will certainly of help for Twitter’s ambitions.[COMMENT BY: Babu Das Augustine, Business Editor]
AP