Musk Takes Nearly $3B Stake in Twitter; DOGE Spikes

Elon Musk has a 9.2% stake in social media company Twitter Inc (TWTR), according to a regulatory filling on Monday. According to the filling, Musk purchased 73,486,938 of common stock in the social media company. Based on Twitter’s last closing price of $39.31, the stake would be worth $2.89 billion.