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Elon Musk discloses Twitter stake, sending shares up 25%
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Shares of Twitter jumped 25% in premarket New York trading after a Securities and Exchange Commission filing showed that Elon Musk, the chief executive of Tesla, took a 9.2% stake in the microblogging service.
Last week, Musk said he was "giving serious thought" to creating a new social media platform, as he was upset by Twitter's free-speech approach.
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