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Can you still buy (X) Twitter stock? Twitter became a privately held company following its acquisition by Musk. This means that the company's stock is no longer publicly traded on any stock ...
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.
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.
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Chances are you won't have to look hard to find news about Elon Musk's acquisition of Twitter today on your news feed. It is not every day that the world's richest man buys a product that is used ...
[57] [58] Twitter's board introduced a "poison pill" strategy on April 15, which would allow shareholders to buy additional stock should a hostile takeover occur as a means to block Musk's takeover. [59] On April 20, Musk secured $46.5 billion in funding as a tender offer, which the board accepted on April 25. [60] [61] [62]
In a letter and text message to Twitter's board, he offered to buy Twitter for $54.20 a. share — a 54% premium over the last day of trading before he started acquiring shares.
The company concentrates on examining social media posts through platforms such as Twitter so that it can show users the most pertinent and latest material. [47] [48] On September 21, 2011, Julpan said Twitter had acquired it. [46] Allon became a Twitter engineering director, while Julpan's 12 employees were invited to become Twitter employees ...