bullish

Twitter Inc

Elon Buys 9.2% of Twitter, and Starbucks Suspend $20B Buyback Program

288 Views05 Apr 2022 11:32
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SUMMARY
  • This morning I had two of my larger holdings, Starbucks and Twitter, become embroiled in headlines. It was announced this morning that Twitter has a new shareholder, Elon Musk
  • And Starbucks would be axing their $20B buyback program as Howard Schultz looks to make a stamp on his welcoming party.
  • Shares of Twitter were trading as high as +26% in the early pre-market hours this morning, after an SEC filing from Twitter shows that Elon Musk, founder and current CEO of Tesla has acquired a "passive" but sizeable 9.2% ownership stake of Twitter (~73.5M shares).
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