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Saturday, November 26, 2022

Icahn, Others Clean Up on Musk’s Twitter About-Face

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Elon Musk’s decision to end his war with Twitter isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn.

Mr. Icahn quietly amassed a Twitter stake of well over $500 million in the past few months and made a sizable profit Tuesday after the shares shot up on news that Mr. Musk offered to close his $44 billion purchase of the social-media giant on the original terms, according to people familiar with the matter.



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