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Acquisition of Twitter by Elon Musk. 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.
April 18, 2023 at 6:21 AM. Tesla CEO Elon Musk's $44 billion purchase of Twitter (TWTR) has been followed by a series of chaotic events for the social media platform, including the workforce being ...
Elon Muskcompleted his acquisition of Twitterin October 2022; Musk acted as CEOof Twitteruntil 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.
It’s been two years since Elon Musk, the richest man in the world, bought the social media platform formerly known as Twitter for $44 billion. The company, now called X, has seen thousands of ...
Musk hinted at Twitter’s financial troubles saying, “I acquired the world’s largest non-profit for $44 billion.” (Twitter had, in fact, reported a profit in 2018 and 2019, prior to Musk ...
'Character Limit: How Elon Musk Destroyed Twitter' explores what went wrong under the entrepreneur's ownership of the social media platform.
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
Elon Musk said early Friday morning that his deal to buy the social media company was "temporarily on hold" over a report over fake accounts on the platform.