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The company utilized Twitter's application programming interface (API) to integrate StockTwits as its own "highly graphical platform of market news, sentiment and stock-picking tools." [ 5 ] StockTwits utilized " cashtags " with the stock ticker symbol , similar to the Twitter hashtag , as a way of indexing people's thoughts and ideas about a ...
Twitter's stock sank by 7 percent after the news, dropping by a further 11 percent the next day. [107] On July 10, Twitter hired the law firm Wachtell, Lipton, Rosen & Katz to represent its case, including "key lawyers" William Savitt and Leo Strine , [ 108 ] along with Potter Anderson & Corroon, Ballard Spahr , Kobre & Kim, and Wilson Sonsini ...
StockTwits utilized what some have called "cashtags" to identify a stock ticker symbol, similar to the Twitter hashtag, as a way of indexing people's thoughts and ideas about a company and the stock. [27] Twitter incorporated the "cashtags" into their platform in 2012 effectively "hijacking" the StockTwits idea. [27]
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
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 SEC lawsuit, filed Tuesday, says that before the Tesla CEO finalized his $44 billion deal to buy Twitter, which he renamed X, he began to buy up shares in the company. By March 2022, when he ...
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [18] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [9] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...