Musk Takes 9 Percent Stake in Twitter amid Speculation Buy Will Lead to ‘Active Stake,’ Stocks Soar

Elon Musk

Tesla CEO Elon Musk, who has questioned Twitter’s commitment to free speech, has taken a 9% stake in the social media platform, making him its largest shareholder.

Musk bought 73.5 million shares worth $2.9 billion, based on the closing price Friday, the Associated Press reported Monday.

However, what Musk intends to do as a result of the purchase remains unclear.

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Is One Labor Union Killing the Ohio Lordstown Plant?

An ongoing feud between one labor union and an automaker may cost thousands of jobs in Lordstown, Ohio. The Lordstown Assembly Complex in Lordstown, Ohio has been the lifeblood of that town since 1966. Currently, the factory is owned and operated by General Motors, while the workforce is represented by the United Automobile…

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GM Pulls Trigger on Mass Layoffs Throughout the Country

General Motors announced Monday that the long-dreaded nationwide mass layoffs finally began. In November of last year, GM announced that they intended to significantly scale back their workforce. Most jarring for many was their plan to close five manufacturing plants across the country, including the Lordstown Assembly complex in Warren, Ohio. Since…

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