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Elon Musk paid $54.20 per share for Twitter when he completed his acquisition on Oct. 28, 2022. ... the $1,000 you originally invested would now be worth $495, having lost more than half their ...
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.
That’s a 78.7% drop. Buying Twitter was a $46.5 billion deal: $44 billion went to shareholders and about $2.5 billion went to expenses. Musk and his coinvestors put about $33 billion into the ...
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.
Character Limit chronicles the rise and fall of Twitter after Elon Musk's tumultuous $44-billion-dollar acquisition. The book showcases Musk's volatility, highlighting the actions that led to the company's drastic devaluation and the resurgence of unmoderated hate-speech, misinformation, and white nationalism on the platform.
Musk made a trip to Twitter's headquarters on October 26, tweeting a video of him jokingly carrying a kitchen sink at the site's lobby and changing his Twitter bio to "Chief Twit". [163] [164] [165] Musk also told Twitter employees that while layoffs were still likely to happen, he did not intend to do so at the scale the Post had previously ...
Elon Reeve Musk, the eldest of three children, was born to Maye and Errol Musk in Pretoria, South Africa on June 28, 1971. His mother was Canadian, but he grew up in his father’s homeland of ...
This list contains the top 50 accounts with the most followers on the social media platform X, formerly and commonly known as Twitter. Notable figures such as Elon Musk, Barack Obama, Cristiano Ronaldo, Justin Bieber, Rihanna, Katy Perry, and Narendra Modi, are at the top of the list, each with over 100 million followers. As of November 2024 ...