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On September 13, 2024, X Corp. moved its headquarters from San Francisco to Bastrop, Texas, according to records filed with the California Secretary of State. [44] [45] [46] At the end of September 2024, Fidelity's estimation of the value of X shares reflected a decline of 79% from when Musk had acquired Twitter two years earlier. [47]
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.
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 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]
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 ...
Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd acquired ownership of more than 5% of the company's outstanding stock, according to the SEC filing.
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.
Musk, who also owns X, the social media platform formerly known as Twitter, endorsed Trump’s presidential campaign on July 13, 2024. One month later, ...