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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.
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 following table lists the top 50 most-followed accounts on X, with each total rounded down to the nearest hundred thousand, as well as a description of each account. [1] [2] Elon Musk is the owner of X (formerly Twitter) and the most-followed person on X. Former U.S. President Barack Obama is the most-followed politician on X. Portuguese ...
That’s a 78.7% drop. Buying Twitter was a $46.5 billion deal: $44 billion went to shareholders and about $2.5 billion went to expenses. Musk and his coinvestors put about $33 billion into the ...
Tweet posted to the account of Twitter owner and Tesla CEO, Elon Musk, on Friday Oct. 28, 2022 (Twitter/Elon Musk) The responsibility to reign over content and moderation requests puts Musk in a ...
The service is owned by the American company X Corp., which was established to succeed the prior owner Twitter, Inc. in March 2023 following the October 2022 acquisition of Twitter by Elon Musk for US$44 billion. Musk stated that his goal with the acquisition was to promote free speech on the platform.
Washington better turn on its Twitter, er, X alerts again. Elon Musk and a loose band of MAGA influencers have shown that even if Twitter wasn't real life, X just might be.
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]