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While Elon Musk is trying to buy Twitter Inc., he’s no longer the company’s largest shareholder. Funds held by Vanguard Group recently upped their stake in the social-media platform, making the asset manager Twitter’s largest shareholder and bumping Mr. Musk out of the top spot. Vanguard disclosed on April 8 that it now owns 82.4 million shares of Twitter, or 10.3% of the company, according to the most recent publicly available filings with the U.S. Securities and Exchange Commission. The asset-manager increased its stake in the company at some point during the first quarter, according to the filings. Vanguard’s holdings...

- Elon Musk, 50, last week was revealed to be the biggest shareholder in Twitter, having bought a stake worth 9.2 percent - four times that of founder Jack Dorsey. - Agrawal said he thought Musk's decision was 'for the best' and said the company must remain focused on its corporate goals. - He did not say why Musk would not join, but suggested that shareholders had expressed concern. - Several Twitter employees tweeted reactions to the announcement, seemingly agitated by the roller coaster surrounding Musk's company involvement. - On Monday, Twitter stock briefly fell to 8% in premarket...

Imagine a social media platform where people can say whatever the hell it is they want to say; where the only limitation is whether or not what you post is legal or illegal. It’s a pretty simple concept – threats, calls for violence, child pornography, etc., are banned, everything else is fair game. Want to make a joke about Rachel Levine being “Man of the Year,” go for it. That social media platform would be…well, what the current crop claim to be, just without the fascistic obsession with making sure “marginalized” whatever aren’t ever upset. It’d be like what adulthood...

Tesla Co-founder and CEO Elon Musk has purchased a 9.2% stake in Twitter, Inc, according to a Monday filing from the SEC.

Tesla Inc CEO Elon Musk holds a 9.2% stake in micro-blogging site Twitter Inc, according to a regulatory filing on Monday. Twitter shares rose about 28% in pre-market trading after a 13G filing revealed Elon Musk has taken a 9.2% passive stake in the social media company. Twitter shares were last up 28.49% in at $50.51 in pre-market trading following the news. The world's richest man bought nearly 73.5 million shares, a document filed with the US Securities and Exchange Commission shows. Musk, a prolific user of Twitter himself, has been critical of the social media platform and its policies...

Twitter’s share price has risen in response Tesla CEO Elon Musk now owns 9.2 percent of Twitter according to a 13G filing released today, Bloomberg News reports. According to the filing, Musk purchased the stake on March 14th. Musk has long been one of Twitter’s highest profile users and recently polled his over 80 million followers about the platform’s adherence to free speech. Twitter’s share price was up over 25 percent in pre-market trading on the news. CNBC notes that Musk’s Twitter stocks were worth $2.89 billion based on Friday’s closing price. Musk’s shares are classified as a passive stake,...

The Musk buy comes less than two weeks after Musk criticized the company, polling people on Twitter about whether Twitter adheres to free speech principles.

Twitter chief executive Jack Dorsey is expected to step down from his position leading the social media company, CNBC reported, citing multiple sources. It’s unclear exactly why Dorsey, who co-founded Twitter and currently serves as chief executive of financial technology firm Square, will step down, according to CNBC. Private equity firm Elliot Management previously attempted to oust Dorsey in 2020, the outlet reported. It’s unclear who is set to succeed Dorsey, CNBC said. Twitter’s share price rose 11% following the news reports, according to CNBC. (RELATED: JD Vance Says Twitter Suspended His Campaign Press Account With ‘No Explanation’) Twitter unrolled...

Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol riots, saw $51.2 billion in combined market value erased over the last two trading sessions. Companies across sectors have responded to the president's rhetoric in recent days by pausing political donations, making statements decrying his inflammatory remarks, and pulling products with links to right-wing movements. Facebook and Twitter possibly took the biggest retaliatory steps when they indefinitely banned Trump from their platforms on Thursday and Friday, respectively. Both companies cited the risk of additional violence for their bans,...

Facebook sank as much as 4.5% on Monday as investors continued to balk at the platform's ban of President Donald Trump. The slide saw $33.6 billion erased from Facebook's market cap at intraday lows. Shares have since pared some losses and now trade about 2.6% lower. The stock's decline comes as Wall Street reconciles with the president's role in encouraging supporters to storm the Capitol on Wednesday. Facebook CEO Mark Zuckerberg announced on Thursday the company would ban Trump "indefinitely," adding the risks of allowing him to remain on the platform "are simply too great." Twitter, which permanently banned Trump...

It looks as though Big Tech is learning a very staunch financial lesson on your Monday morning. Twitter has now lost over $5 billion in market share since opening bell on Monday, as the tech giant faces major backlash after banning President Trump. The massive fall is following the platforms banning of President Donald Trump, General Michael Flynn, Lin Wood, Sindey Powell, and a slew of other high profile conservatives the site banned in the last 72 hours. Banning the leader of the free world is not only a violation of the 1st amendment, but part of yet another coup...

Shares of the Palo Alto, Calif.-based company fell more than 10% at the opening bell, erasing more than $2.5 billion from Twitter’s $41 billion market capitalization. Facebook Inc. and Alphabet Inc. were also lower after Trump’s accounts were removed from their platforms.

Twitter’s stock price tumbled early Monday as investors appeared to balk at the social network’s decision to ban President Trump from posting. Shares in the San Francisco-based company tumbled 7.5 percent to $47.60 as of 8:07 a.m. in the first premarket trading session after it booted Trump from the platform on Friday, saying his account posed a “risk of further incitement of violence” after his supporters stormed the US Capitol on Wednesday. Twitter’s move against the outgoing president — whose account had more than 88 million followers — was the first permanent suspension for a head of state, and it’s...

On Friday Twitter stock took a 20 percent hit in net worth. The stock went from a high at 52.66 per share to 42.26 in the past 24 hours. Twitter company announced Thursday it added fewer users than expected and admitted its rise in expenses would accelerate in the fourth quarter. The company has also been busy censoring conservatives and blocking unapproved facts on the coronavirus and other sensitive topics. Charles V Payne @cvpayne This morning Jack Dorsey will take a $756 million hit to his net worth. I don't think he cares but Twitter shareholders and board of directors...

On Thursday, Facebook's stock dropped by 19 percent, wiping out $119 billion in market value. Also on Thursday, President Donald Trump echoed allegations that Twitter had "shadow banned" Republican congressmen, pushing down Twitter shares as well. Twitter insisted to PJ Media that the "shadow banning" was unintentional and has been fixed, and Facebook's stock drop seems directly connected to declines in expected revenue. That said, these tremors may be ominous portents of things to come, according to conservative groups sounding the alarm about the left-wing smear outlet behind much social media censorship: the Southern Poverty Law Center (SPLC). "Facebook's plummeting...