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The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
Owner has sworn at advertisers among other controversies
Elon Musk paid $54.20 per share for Twitter when he completed his acquisition on Oct. 28, 2022. The total purchase price was approximately $44 billion. ... the $1,000 you originally invested would ...
Elon Musk in 2023. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$486 billion as of December 2024, according to the Bloomberg Billionaires Index, and $464 billion according to Forbes, primarily from his ownership stakes in Tesla, Inc. and SpaceX.
It seems like not a day goes by without billionaire Elon Musk making headlines. The boss of X (formerly Twitter), Tesla and SpaceX is the world's richest person and has used his platform to make ...
The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
Elon Musk is a South African/Canadian-American entrepreneur and businessman who is the CEO and CTO of SpaceX, as well as the CEO and chief product architect of Tesla Motors. He edged out Jeff ...