Twitter to name top shareholder Elon Musk to board

Twitter Inc said on Tuesday that elon musk own twitter stake.

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday.

Musk is a frequent user of Twitter and has more than 80 million followers on the platform.

The stake is worth $2.89 billion, based Twitter’s closing price Friday.

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

On Aug. 7, 2018, Musk tweeted he had “funding secured” to take Tesla private at $420 per share.

The 12 months following that tweet were a roller coaster for Musk and Tesla shareholders