Elon Musk is not selling his Twitter shares on the stock market earlier today, and despite the reports that claim that the CEO is doing it, he denied these rumors about him. It has been a high tide of emotions and excitement for the tech CEO in the past few days since the announcement of his purchase of shares on the short word social media platform.

Elon Musk is NOT Selling his Twitter Shares Despite Reports

(Photo : Maja Hitij/Getty Images)

There were reports that Tesla CEO Elon Musk sold his Twitter stocks in the market today, and it talked about lesser stakes in the company in the current setup. The report talked about a 0.1 percent drop in his ownership, from 9.2 percent down to 9.1 percent.

It may not be much of a deal in his ownership of the stakes, but it is still an inaccurate report, especially as the CEO already spoke up.

However, Musk replied to this tweet, and it is to clarify his stakes in the company, saying that there were inaccuracies to the initial filing of his Twitter shares, and it is a result of editing its numbers. The CEO also said that no sale took place in this transaction, and the billionaire is keeping his stakes in the company for the present setup.

Read Also: Elon Musk Asks Twitter Users If They Want the Long-Awaited EDIT Button

Tech CEO is only Editing His Filing on the Stock Market

The tech CEO only edited his stakes on Twitter, particularly on what his team submitted on the stock market, to alter the inaccurate numbers that he said were incorrect when initially filing it. Furthermore, the filing of the tech CEO led to him editing the numbers to further clarify his stakes in the company and to ensure that it is correct and official.

Elon Musk and Twitter

Elon Musk bought his shares on Twitter, and it is the biggest purchase in the tech company's history, with almost $3 billion worth of stocks that earned him a 9.2 percent stake, the biggest among all holders. Many people talked about this sale, and it made him the center of the buzz today amidst the ongoing conflict among other nations present.

The public is watching Musk's purchase closely, and there are many people on edge due to the stock purchase of the Tesla CEO of the social media company. Indeed, this sale was a shocking move from the billionaire. Still, it is a matter of investment and getting involved with the company, especially as it is one of his preferred social media platforms.

Elon Musk may be talking about a lot of things in the current environment, but he is not selling his stocks on his recent purchase of the social media platform now. The CEO owns more than 70 million stocks of the company and which makes him a massive shareholder at the present, and he is not yet giving it up despite speculations.

Related Article: Jack Dorsey Tweets Excitement on Elon Musk's Twitter Shares, Looking Forward with CEO and Board Member

This article is owned by Tech Times

Written by Isaiah Richard