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Move Over Musk, Vanguard Group Now Twitter’s Largest Shareholder

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Tesla CEO, Elon Musk’s two-week reign as Twitter’s largest shareholder is over.

The investment company, Vanguard Group now holds that title after increasing its stake in the social media company.

Until the early hours of Friday, Musk’s 9.2% shareholding was the most held by a single entity.

Vanguard’s recent acquisition has taken its shareholding to 10.3%.

 

 

The news is coming a day after Musk offered to buy Twitter for $43 billion in cash. 

About the Vanguard Group
Vanguard is a privately held investment company with more than $8 trillion in assets under management.

It is second only to the powerful fund manager, BlackRock, which has $9.01 trillion in assets under management.

It is the largest issuer of mutual funds in the world and the second-largest issuer of exchange-traded funds (ETFs)

The company was founded in 1975 and currently has more than 18,000 employees.

It made a revenue of $6.936 billion in 2020.


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