Elon Musk is Now Twitter's Biggest Shareholder

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Less than 10 days ago, Elon Musk -- known to be a bit cheeky on Twitter -- tweeted that he was giving "serious thought" to building a new social media platform that would rival, among other things, Twitter.

On Monday, Musk instead opted to become Twitter's largest shareholder. The news was not made public with a cheeky tweet but rather a nondescript SEC filing, which revealed the Tesla CEO's massive 9.2% stake. "Oh hi lol," Musk later tweeted to his 80 million followers.

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Source Fool.com