Shares Price & Memecoins Soars after Elon Musk Appointed as Twitter’s Board of Directors

Twitter shares inked an awe-inspiring performance on Monday after regulatory findings show that Elon Musk, the Chief Executive Officer of Tesla Inc, and SpaceX have bought up a total of 73.5 million shares of the social media giant’s stock.

As reported by Reuters, the acquisition grants Musk an ownership stake worth 9.2% and places him as the largest shareholder of the bird app.
After gaining over 30.16% on Monday, trading at $51.16, Twitter shares price continued to surge 2.02% on Tuesday, a price point that puts Musk’s total investment north of $3.7 billion. The investment in Twitter comes on the heels of backlash that …

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