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Twitter Co-founder Dorsey retains 2.4% indirect stake in company
short by Bhawana Chaudhary / on Tuesday, 1 November, 2022
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.
read more at Reuters