Elon Musk has been buyingTwitter stocks from April to October, despite publicly refusing to acquire the company

By: Maksim Panasovskiy | 01.11.2022, 12:40

Elon Musk's Form 13D filing with the U.S. Securities and Exchange Commission revealed some interesting details about Twitter's purchase.

Here's What We Know

The document revealed that the American billionaire is the CEO of Twitter, as we wrote about today. It also became known that Elon Musk regularly bought shares in the social network from April 11 to October 4. At the same time, the new CEO publicly stated his refusal to buy the company because of the large number of fake Twitter accounts.

In addition to Musk, the list of major shareholders of the company includes Twitter founder Jack Dorsey, Qatar's sovereign wealth fund (through a subsidiary company Qatar Investment Authority) and Saudi Arabia's Prince Al Waleed Bin Talal Al Saud. The latter, through Kingdom Holding Co. bought 35 million shares worth $1.9 billion and became Twitter's second largest shareholder.

The fact that the Saudi prince owns a large stake in the company has caused concern among one U.S. senator. He even suggested the Committee on Foreign Investment in the United States to check the deal on the purchase of Twitter on the presence of threats to national security.

Source: SEC