Elon Musk, the CEO of Tesla Inc TSLA.O, has accumulated a 9.2 percent interest in Twitter Inc TWTR.N, according to a regulatory filing released on Monday, potentially making him the microblogging site’s largest shareholder.

The filing came just days after Musk tweeted that he was “seriously considering” creating a new social media platform, sending Twitter shares up 26% in premarket trading.

Other social media companies such as Meta Platforms FB.O and Snap Inc SNAP.N, which owns Snapchat, were also trading higher.

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