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Who Owns Twitter?

who owns twitter

Last Updated: March 2024

Who owns Twitter now? As of now, most of Twitter is owned by Elon musk and four renowned institutional investors – Vanguard Group, Morgan Stanley, BlackRock, and State Street.

Institutional Investors dominated Twitter ownership until April 2022. On 4th April, the CEO of Tesla – Elon Musk announced over a 9% stake in the company, making him the largest individual shareholder in the social media company. However, as of 8th April, the Vanguard group reportedly owns a 10.3% of stake in Twitter, knocking Mr. Musk off the perch as the largest shareholder of the micro-blogging platform.

But the world’s richest man Elon Musk made his intentions clear that he wants to buy 100% of the micro-blogging platform.

Why did Elon Musk want to buy Twitter?

Musk believes that Twitter has the potential to be the platform for “Free Speech” around the globe. “Twitter has extraordinary potential. I will unlock it,” he said. 

Have a look at What has Musk said about Twitter in his offer letter:

I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.

Key takeaways:

  • Who owns Twitter? Twitter will be owned by Elon Musk, Tesla’s CEO and the richest man in the world.
  • Elon Musk became the largest individual shareholder of Twitter on 4th April with 9.2% of the Twitter stock.
  • Vanguard Group, Morgan Stanley, BlackRock, and State Street are Twitter’s top institutional shareholders.
  • On 8th April, Vanguard Group disclosed owning 82.4 million shares of Twitter, i.e. 10.3% of the company, making them the largest Twitter stockholder.
  • The top 5 largest shareholders, including one individual and four institutions, own 39% of Twitter.

Top 5 shareholders who own most of the Twitter stock as of now:

1. Vanguard Group

Vanguard - Largest Twitter Shareholder - who owns twitter

As of 8 April, Vanguard reportedly owned Twitter’s 82.4 million shares i.e. 10.3% of the Twitter net worth, making Vanguard group the largest shareholder of Twitter.

2. Elon Musk

Elon Musk - who owns twitter

Tesla CEO and the world’s richest man, Elon Musk became Twitter’s largest shareholder on 4th April after disclosing that he owns 73.5 million shares i.e. 9.2% of the company. Later on 8th April, the Vanguard group overtook the position by disclosing 10.3% of the stake in the company.

Other Individuals who largely own Twitter:

  • Saudi Prince Al Waleed bin Talal Al Saud and Kingdom Holding Company collectively own a 5.2% stake in the company, as per Al Waleed’s tweet.
  • How much of Twitter does Jack Dorsey own?
    As per the company’s 2021 proxy, Twitter limited former CEO Jack Dorsey’s ownership to 2%.

3. Morgan Stanley

Morgan Stanley

Morgan Stanley, a leading global investment bank and wealth management firm, held about 67 million Twitter shares, 8.4% of the total outstanding as of year-end 2021.

4. BlackRock Inc.

Black Rock

BlackRock, an American multinational investment management corporation, owned 52.1 million shares of Twitter, representing a 6.5% stake, as of year-end 2021.

5. State Street

State Street Corporation

American financial services and bank holding company headquartered in Boston, State Street Corporation held 36.4 million Twitter shares in its funds as of year-end 2021, representing a 4.5% ownership in Twitter Inc.

These 5 top shareholders collectively own 39% of Twitter, including four institutions and one individual..

Also Read: Bumble Revenue and Usage Statistics 2022

Here are some FAQs on Elon Musk Twitter controversy, worth a while looking at:

– Did the Elon Musk Twitter deal go through?

Did Twitter get Sold? Yes. On 25 April, Twitter announced that it had entered into a definitive agreement with musk to be acquired by Elon Musk, CEO of Tesla.

– How much did Twitter sell for?

Elon Musk will buy Twitter for roughly $44 billion. How much did Elon Musk pay for Twitter shares? Shareholders will be paid $54.20 per share in cash once the transaction completes.

– How did Elon Musk finance Twitter?

Elon musk has reportedly financed the Twitter deal by pledging to equity finance $21 billion himself and use a $12.5 billion loan with his Tesla shares as collateral. Banks are committing another $13 billion in debt financing.

– What will Elon change about Twitter?

Elon Musk intends to encourage Twitter as a global platform for free speech and elevate the micro-blogging experience. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithm open source to increase trust, defeating the spambots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it,” Musk’s tweet read.

Recommended: 7 Best Twitter Feed Apps for your Shopify Store

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