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Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [ 1 ] The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [ 2 ]
Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 102 ] [ 103 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
A mounting number of Twitter employees have resigned after Elon Musk asked workers to decide whether to continue working at the social media giant.
A number of top executives at Twitter have resigned from the social media company amid Elon Musk’s confusing and highly disorganized takeover of the platform.
Twitter assumed his resignation after he didn't respond to Musk's infamous "hardcore" email. HR and legal experts told BI what lessons the case holds about communicating with your employer.
On July 23, 2023, Musk announced X's launch, which would replace Twitter, which started when the X.com domain (formerly associated with PayPal) began redirecting to Twitter; [3] the logo was changed from the bird to the X the next day, [34] and the platform's official main and associated accounts also began using the letter X within their handles. [35]
Elon Musk will step down as Twitter’s CEO after he finds someone “foolish” enough to replace him, he said Tuesday.
Twitter, officially known as X since 2023, is a social networking service.It is one of the world's largest social media platforms and one of the most-visited websites. [4] [5] Users can share short text messages, images, and videos in short posts commonly known as "tweets" (officially "posts") and like other users' content. [6]