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Twitter, Inc. was an American ... and the selling price was reported at $1.05 billion. ... Several current and former Twitter employees sued the company for ...
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]
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.
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion. Shawn Tully. September 6, 2023 at 4:44 PM.
Musk underpaid by more than $150 million by failing to disclose his stake in Twitter, the SEC alleged. ... his purchase of five percent of the company in March prompted the stock price to increase ...
It's not the first time that the billionaire has hinted at launching a direct competitor to Twitter. Elon Musk also has a long history with "X.com."
The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Some investors claim Twitter's intrinsic value is far below its current market price, but is it even possible to put an exact fair value of company that can change so drastically? In this segment ...