Elon Musk has lost his position as the largest shareholder in Twitter as he tries to buy the company in a $ 43 billion deal. The boss of Tesla and SpaceX said in early April that he had become the largest shareholder of Twitter, having created a 9.2% share in the micro-blogging platform. However, it has now lost the top spot, according to asset manager Vanguard Group in a recent submission to the Securities and Exchange Commission that, as of April 8, its assets now hold a 10.3% stake in the $ 3.6 billion company. dollars. based on Friday closing. The report shows that Vanguard increased its share of Twitter during the first quarter. On Thursday, the richest man in the world presented a bid of 43 billion dollars for the whole company, in a bid “take it or leave it”. Musk remains the largest single shareholder and Twitter co-founder Jack Dorsey is the second-largest, but said on Thursday he was “not sure” if his takeover bid would be successful, hours after the bid was submitted. “I’m not sure I can really get it,” Musk told TED2022 in Vancouver on Thursday. Musk said he had a “Plan B” if his bid was unsuccessful, but did not specify what that would be. Speaking to TED chief Chris Anderson, Musk said he made the offer because he believed it was important to have a “comprehensive arena for free speech”. “This is not a way to make money,” Musk said. “My strong intuitive sense is that having a public platform that is as credible and broadly inclusive as is extremely important for the future of civilization.” In a letter to the president of Twitter on Wednesday, Musk said that his offer of $ 54.20 per share was his “best and last” offer. He said that if the offer is not accepted, he can reject his huge share in the company and leave completely. Twitter confirmed on Thursday that it had received “an unsolicited, non-binding proposal from Elon Musk” and said it would carefully consider the proposal to determine what it believes is in the best interest of the company and all Twitter shareholders. “ Musk wrote on Twitter on Thursday that it would be “completely unacceptable” for Twitter not to put its offer to a shareholder vote. —Elon Musk (@elonmusk) April 14, 2022
