Analysis-Musk's Twitter bet gins up meme stock hype


FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/

NEW YORK (Reuters) - Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company's largest shareholder.

The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk's investment in the San Francisco-based company.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

The Internet is rife with fake reviews. Will AI make it worse?
Secretive game developer codes hit 'Balatro' in Canadian prairie province
We asked OpenAI’s Santa chatbot for logistics tips. It stressed celebrating small wins
Exclusive-Microsoft works to add non-OpenAI models into 365 Copilot products, sources say
Google's proposed search result changes get thumbs up from EU airlines
Polish e-commerce Allegro's unit sues Alphabet for $568 million
Elon Musk's X lifts price for premium-plus tier to pay creators
US crypto industry eyes possible day-one Trump executive orders
Britannica didn’t just survive. It’s an AI company now
'Who's next?': Misinformation and online threats after US CEO slaying

Others Also Read