Elon Musk Debunks Hoax Reports On The Sale Of His Twitter Shares

Elon Musk
Elon Musk
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Elon Musk is not making any sales!

On Monday, Tesla owner Elon Musk raised a question in a poll after the news broke out that the billionaire acquired a 9.2% stake in Twitter which is now active. Just a few days after Musk acquired the stakes, there were rumors by a Twitter user stating that the business tycoon sold his shares.

After acknowledging the false news, Musk replied in a tweet and disproved it. In the reply. SpaceX founder wrote that an opening regulatory filing on his stocks in the microblogging platform accommodated the wrong figure of shares.

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Acquiring the Twitter stakes came up when users urged that the entrepreneur mogul should buy the social media platform after Musk raised a free speech poll. The second time he raised the poll was for the edit tweet feature that split social media as some users favored it while many proposed the misuse of it.

Elon Musk Shuts Down The Hoax

Elon Musk
Elon Musk

A Twitter user by the username Stock Market News started the hoax news. It stated that “Elon Musk today filed for his sale of 371,900 hares of Twitter $TWTR stock reducing his stake in the company to 9.1% from 9.2%.

On Tuesday, after the news of Musk buying Twitter stakes made rounds, the number of stakes disclosed by sources was 9.1% instead of 9.2%. A 13D filing proved and made it clear that billionaire, Elon Musk acquired a 9.1% stake in Twitter. Musk filed a new form with the SEC (Securities and Exchange Commission) stating himself as an active stakeholder, after getting late in submitting the form for the passive investor. The social media platform, Twitter welcomed Musk to its board on Monday.

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To clarify the news, Musk tweeted, “No sale took place. Initial share number filed was incorrect.” The user showed gratitude for Musk’s statement that cleared the news.

Netizens React To The News

Fans were excited to know about Musk buying the stakes and tons of users reacted to it by describing how easy it was for the billionaire. As per sources, Musk can become the world’s first trillionaire by 2024. And his current net worth is around $300 billion. One user wrote, “Elon Musk spent 1% of his net worth to buy 9% of Twitter I spent 1% of my net worth on a Taco Bell value meal.” Another user wrote, “Elon Musk is the greatest investor of our time. PayPal, SpaceX, Tesla, and Twitter Edit Button. The man’s a genius.”

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Recently, Musk had made it clear that Facebook gives him ‘willies’ and in the past as well, he has been vocal about not liking it.

Also Read: Rihanna Debuts On The Annual Forbes Billionaires List

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