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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 ...
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.
In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service. In April 2023, Twitter merged with X Holdings [6] and ceased to be an independent company, becoming a part of X Corp. [7] Twitter was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams in March 2006 and was ...
Twitter became a privately held company following its acquisition by Musk. This means that the company's stock is no longer publicly traded on any stock exchange, and therefore individual ...
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 ...
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 ...
X Logo used since 2023 [a] X homepage visited while logged out in December 2024 Formerly Twitter (2006–2023) Type of site Social networking service Available in Multilingual Founded March 21, 2006 ; 18 years ago (2006-03-21), in San Francisco, California, U.S. Headquarters Bastrop, Texas, United States Area served Worldwide, except blocking countries Owner Odeo (March–October 2006) Obvious ...
The deal values Twitter stock at about $54 a share, above the $39 that the stock was trading at before Musk's interest in the company became clear in early April, when he purchased a 9% stake in ...