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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.
Twitter, Inc. was an American social media company based in San Francisco, California, ... and the selling price was reported at $1.05 billion. [50] 2022 and 2023
OGUsers (OGU) [3] is an Internet forum that facilitates the discussion and buying of social media accounts and online usernames. [4] [5] Established in 2017, the website is dedicated to the buying and selling of "rare" or "OG" online accounts that are considered valuable due to their name or age. [6]
That could arguably trigger a sell-off that that would drop Twitter's price, resulting in a significant drop in the value of Musk's holdings. Alexis Keenan is a legal reporter for Yahoo Finance.
Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks. Shawn Tully. October 6, 2023 at 11:57 AM.
Cathie Wood says Ark Invest began selling its Twitter holdings after Jack Dorsey stepped down as CEO. Shalini Nagarajan. April 13, 2022 at 7:04 AM.
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.
Jack Patrick Dorsey (born November 19, 1976) [3] is an American programmer and businessperson, who is a co-founder and former CEO of Twitter, Inc. from 2015 until 2021, as well as co-founder, principal executive officer and chairman of Block, Inc. (developer of the Square financial services platform).