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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.
Established by Elon Musk in 2023 as the successor to Twitter, Inc., it is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X (formerly known as Twitter), and has announced plans to use it as a base for other offerings. While the official name of the company and ...
Twitter acquired Crashlytics, a crash reporting tool for developers, on January 28, 2013, for over US$100 million, its largest acquisition at the time. [124] Twitter committed to continue supporting and expanding the service. [125] In October 2014, Twitter announced Fabric, a suite of mobile developer tools built around Crashlytics. [126]
Who owns Twitter? SpaceX CEO Elon Musk purchased Twitter, now known as X, for $44 billion in October 2022. Twitter, a text-based social media app, was founded in 2004 by Evan Williams, Biz Stone ...
This is important because knowing who owns large parts of a company can influence how people buy or sell that company’s stock. Musk is a public figure, and his investment moves can significantly ...
The Twitter cofounder previously backed the Tesla CEO in his takeover of the company but walked back his support earlier this year, telling a member on rival social media platform Bluesky, "It all ...
Twitter, officially known as X since July 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]
The deal values Twitter stock at about $54 a share, above the $39 that the stock was trading at before Musk's interest in the company became clear in early April, when he purchased a 9% stake in ...