Tesla CEO Elon Musk takes a 9% stake in Twitter

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Tesla CEO Elon Musk takes a 9% stake in Twitter
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Tesla CEO Elon Musk is taking a 9.2% stake in Twitter.

Musk's stake in Twitter is considered a passive investment, which means Musk is a long-term investor that's looking to minimize his buying and selling of the shares.

He has also pondered starting up a rival social media network and industry analysts are skeptical about whether the mercurial CEO would remain on the sidelines for long.

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