Why Twitter shares are up by 27%? Know full report with Kushal Gupta

Elon Musk, the founder of Tesla and SpaceX, is become the largest shareholder of microblogging site Twitter. He controls 9.2% shares of the microblogging site. Musk's statement resulted in a 27 percent rise in the stock price of Twitter. Why Twitter is up by 27%? Kushal Gupta's explains in this report.

Gupta said that Twitter shares jumped 27% and the biggest reason for this was yesterday's regulatory filing that showed Musk now owns a 9.2% stake in Twitter. He now appears to be the microblogging site's greatest stakeholder. With an 8.79 percent holding, Vanguard has become the second-largest stakeholder.

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Many analysts believe Musk has the ability to buy out Twitter. In fact, the total value of Tesla's owner Twitter shares is over Rs 22,000 crores, based on Friday's closing price, according to Gupta.

Elon Musk has done a lot of commentary regarding Twitter. For two consecutive weeks, he has been seen criticizing the microblogging site. Despite that, he has bought 9.2% stake in the company. It appears that he will be seen purchasing Twitter in the near future.

On March 25, Musk conducted a Twitter poll "A functional democracy requires free expression. Do you think Twitter follows this rule to the letter?" 70% of those polled answered no. Musk also posted an intriguing poll on Twitter this morning, asking "Do you want an edit button in Twitter?" to which 75 percent of users responded positively.

So somewhere this atmosphere is being created for Twitter that Elon Musk can be seen buying it later, said Gupta.

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#Twitter में सबसे बड़े हिस्सेदार एलन मस्क !#ElonMusk के पास ट्विटर में 9.2% हिस्सा..

मस्क के खुलासे से 27% भागा शेयर..

कुशल गुप्ता से जानिए ट्विटर में 27% की तेजी क्यों ?@KushalGupta44 @AnilSinghvi_ @kunalsaraogi pic.twitter.com/g7grU5xjmu

— Zee Business (@ZeeBusiness) April 5, 2022