Morning NewsElon Musk Takes Surprise 9% Stake in Twitter, Sending Shares 27% Higher
Elon Musk disclosed a 9% stake in Twitter Inc., turning one of the social-media company’s most famous users into its largest shareholder. Twitter shares led the S&P 500, surging $10.66, or 27%, to $49.97, after Tesla Chief Executive Elon Musk reported that he held a stake of 9.2% in the social-media company as of March 14. Twitter added $8.53 billion in market value, its largest one-day gain on record.