Elon Musk does not own 100% of Twitter. As mentioned earlier, Musk acquired Twitter shares and became the company’s largest shareholder with a 9.1 percent ownership stake. This means that he holds a significant portion of the company, but he does not have full ownership.
It is important to note that Twitter is a publicly traded company, meaning that its ownership is distributed among numerous shareholders who hold shares of the company’s stock. Musk’s acquisition of shares allowed him to become the largest individual shareholder, but there are still other shareholders who own the remaining shares.
The acquisition of a company is a complex process that involves negotiations, agreements, and the approval of regulatory authorities. In the case of Twitter, Musk’s acquisition was completed on October 27, 2022. This means that the ownership transfer process has been finalized, and Musk now holds his 9.1 percent ownership stake in the company.
It is worth mentioning that owning a significant stake in a company like Twitter gives Musk a considerable influence over its operations and direction. As a major shareholder, he has the ability to participate in decision-making processes, attend shareholder meetings, and potentially influence the company’s strategies and policies.
However, it is important to remember that there are still other shareholders who have their own ownership stakes and rights within the company. Musk’s ownership does not give him complete control over Twitter, as decisions and actions require the approval of the company’s board of directors and other shareholders.
Elon Musk does not own 100% of Twitter. He acquired a 9.1 percent ownership stake in the company, making him the largest individual shareholder. While this gives him significant influence, there are still other shareholders who own the remaining shares and have their own rights within the company.