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Who Currently Owns Twitter?
Who currently owns Twitter? There are several names that come to mind. Kevin Systrom, Jack Dorsey, Elon Musk, and Vanguard Group are all involved in some way. But who are the other major shareholders of the company? In this article, we’ll take a look at who they are, and who might be next. In addition to these two, there are others who own a significant chunk of Twitter.
Kevin Systrom
The company that Systrom founded is currently owned by the same group of investors that also own Facebook. Systrom, who is originally from Massachusetts, began programming computers at a young age, and he often pranked his friends. He graduated from Stanford University in 2006, and he worked with Instagram founder Mike Krieger while at Stanford. At the time, Systrom had an interest in photography, and he was selected for the Mayfield Fellows program. He eventually left Google, but not before getting a job at Odea, the company that gave birth to Twitter.
Instagram was founded 10 years ago by Systrom, and today has over one billion users. He formerly worked at Google and interned at Odeo before founding the photo-sharing app. Before founding Instagram, Systrom spent two years as a consumer product manager at Google. This may interest you : Who is the Largest Shareholder of Twitter?. In 2008, Facebook approached him to become CEO of TikTok, a startup in the fashion industry. It was acquired by Facebook in April 2012, and Systrom earned four million dollars.
Jack Dorsey
After graduating from New York State University, Jack Dorsey dropped out to start his own company in 1980. This start-up later offered taxi dispatching software online. Twitter is the brainchild of Dorsey, who is a big believer in cryptocurrency and the blockchain. On the same subject : What is a Good Username for Twitter?. He will take home $270 million overnight. However, if his deal goes through, he could become the first multibillionaire activist in history.
Elon Musk is rumored to take over Twitter, but Jack Dorsey has denied this. In response to the rumor, he tweeted, “nah, I’ll never be CEO again.” He also resisted the idea of replacing Dorsey, saying he doesn’t want the role. He argues that Twitter should be run as a protocol, not like a corporation. He also supports the idea of chronological tweets over algorithmic tweets.
Elon Musk
While it has been widely reported that Elon Musk owns Twitter, this ownership is not without controversy. There have been several run-ins between Musk and the S.E.C., and Musk has attempted to purchase the social media network in the past. To see also : Is Twitter a Buy, Sell, Or Hold Stock?. Human rights groups have raised concerns about the potential for the platform to slink back into the cesspool of hate. But there is a silver lining. Musk could be betting that the company’s popularity will rise and he will get back the users who have flocked away from Twitter.
The CEO of Tesla has been buying Twitter shares in large batches over the past few months. He recently questioned Twitter’s adherence to free speech. But the filing that reported Musk’s stake is dated March 14, and his signature is on it on Monday. In other words, he acquired his stake before the poll was even conducted. If that were the case, Twitter would be a private company. The CEO, Elon Musk, is already a controversial figure in the world of politics and business, so his tweets may have had a negative impact.
Vanguard Group
Elon Musk is the biggest shareholder in Twitter, but he’s not the only one. Morgan Stanley, BlackRock, and State Street are also large shareholders. As of February 2018, the Vanguard Group holds the most Twitter stock, with 82.4 million shares, making it its largest holding. While Elon Musk is currently the largest individual shareholder, he is not alone: nearly half of Twitter’s stock is held by institutions. Those institutions include Morgan Stanley, BlackRock Fund Advisors, and State Street.
Twitter is owned by a variety of institutions, including the Vanguard Group, which recently increased its stake in the company. As of December, the investment firm owned 67.2 million shares of the company, or 8.4% of its total outstanding shares. Elon Musk, a venture capitalist, and Jack Dorsey, CEO of social networking company Square, make up the next two largest shareholders. However, this new acquisition could make Vanguard one of the largest holders of Twitter stock.
Institutional investors
Almost eighty percent of Twitter’s shares are owned by institutions, with hedge funds holding a small fraction of the stock. Vanguard Group, Inc., Morgan Stanley, BlackRock Fund Advisors, and State Street are the top three institutional investors, together owning almost half the company. Founder Jack Dorsey and other founders each own approximately two percent of Twitter. In addition, Musk’s stake is the largest among private investors.
Elon Musk, the CEO of Tesla, bought Twitter in a leveraged buyout in March using loans and assets from the target company. Musk, a longtime advocate for free speech, has criticized the company’s management for censorship and has publicly criticised Twitter’s moderation. Elon Musk’s private motives are unclear, but some of his tweets fall into the “not quite illegal” category.
