Elon Musk, Twitter’s new tech tycoon

elon musk twitter

On Monday Elon Musk revealed he recently bought a 9.2% stake in Twitter, topping Vanguard Group and Morgan Stanley to become the company’s largest shareholder.

A “free speech absolutist”, Musk has long had a love-hate relationship with the platform. He has accused it of caving to censorship, while also tweeting more than nine times a day on average in 2021.

Here’s a look at Musk’s special relationship with Twitter through numbers.

73.5 million

The number of Twitter shares Musk owns, or nearly four times as many as Twitter founder Jack Dorsey, who has a 2.25% stake.

$2.89 billion

The value of Musk’s stake at Twitter’s closing share price on Friday, April 1.

27%

The jump in Twitter’s stock price – its biggest-ever one-day gain – after he disclosed his stake the following Monday.

$784 million

How much the rally earned Musk on paper that day, increasing the value of his Twitter stake to $3.7 billion.

$108.6 million

Twitter’s net profit from 2019 to 2021.

1.3%

The proportion of Musk’s net worth – $268 billion – than $3.7 billion represents.

80,700,375

The number of Twitter followers Musk has (as of April 7, 2022), makes him the platform’s 10th most popular user.

3,367

The number of times Musk tweeted in 2020, was his busiest year on Twitter so far. Since it was a leap year, that works out to 9.2 tweets a day.

446

The number of tweets he posted in July 2020, is his busiest month on Twitter so far. That’s more than 14 tweets a day.

2010

The year Musk posted his first tweet. Before that, someone pretending to be him had been using the @elonmusk handle. The imposter didn’t gain much traction and Musk cleared the air with his debut tweet on June 4, 2010. He didn’t tweet again until the end of 2011.

Sources: Visual Capitalist, Statista, WSJ, FT, The Guardian, ET.


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