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There's no doubt that Twitter is trending. The microblogging service launched its initial public offering Thursday with great fanfare. Mark Lennihan/AP But not many individual investors were able ...
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.
[58] [59] Twitter's board introduced a "poison pill" strategy on April 15, which would allow shareholders to buy additional stock should a hostile takeover occur as a means to block Musk's takeover. [60] On April 20, Musk secured $46.5 billion in funding as a tender offer, which the board accepted on April 25. [61] [62] [63]
The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
Twitter stock has emerged from the depths, rallying 6% after it sued Elon Musk for bailing on his $44 billion deal to buy the company. The lawsuit filed yesterday in Delaware Chancery Court ...
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]
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