Twitter Co-founder Dorsey retains 2.4% indirect stake in company

Twitter Co-founder Jack Dorsey retained a 2.4% indirect stake in the company under the new ownership of Elon Musk, according to a US Securities and Exchange Commission filing. The value of Dorsey's over 18 million shares is nearly $1 billion, the filing revealed. Notably, Musk will serve as Twitter CEO after he completed the $44-billion acquisition on Thursday.