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On May 13, Musk revealed that he had placed the deal "on hold" in the wake of reports that 5 percent of Twitter's daily active users were spam accounts, [69] causing Twitter shares to drop more than 10 percent. [70] Musk clarified that he remained committed to the acquisition, [71] and Agrawal stated he expected the deal to close. [72]
Dodsworth announced on May 25, 2011, that Twitter would purchase TweetDeck for roughly £25 million (US$40 million). [31] At the time of the acquisition, it employed 15 people who were largely based in the United Kingdom and was the second most common method to access Twitter through its 20 million downloads.
Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15] On October 4, Musk announced his intention to purchase the company as he had agreed, for $44 billion, or $54.20 a share; [16] the agreement closed on October 27. By October, 2024, X was worth less than 80% of what it was acquired ...
Elon Musk's net worth has soared since onset of the pandemic. And even when he loses billions, he's still significantly wealthier than Jeff Bezos.
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Early signs of interest. Musk first joined Twitter in June 2009 and has amassed over 115 million followers since then. Over the years, his tweets have created news headlines and even caused moves ...
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Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.