Elon Musk is Twitter's largest shareholder due to its 9.2% stake purchase

 Tesla CEO Elon Musk, the world's richest man, bought 9.2 percent of the social media site Twitter. And as soon as he bought the shares of this micro-blogging site, the share price of Twitter increased.

Elon Musk recently hinted at launching a new social media platform. Rumors have been circulating since a tweet he made. However, a few days ago, the American billionaire was seen criticizing social media and its policies. But then Musk said he was thinking of creating a new social media platform. One Twitter user asked Mask if he wanted to introduce a new social media platform where freedom of speech would be a priority. In response, the Tesla chief said, "I am considering this matter very seriously."

But this time new information came to the fore. He has bought about 9.2 percent shares of Twitter. Shares of Twitter rose more than 25 percent in one fell swoop before the stock market opened on Monday. Tesla shares rose slightly there. According to documents filed with the US Securities and Exchange Commission, Elon Musk has bought an estimated 63.5 million shares of Twitter.

It was reported last year that Elon Musk, one of the richest men in the world, had overtaken Jeff Bezos, the former CEO of Amazon. It is rumored that Mask could become the world's first trillionaire by 2024. That means his wealth could be 1 trillion dollars! This time Twitter shares are also in his possession.