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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.
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] 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 ...
X, formerly known as Twitter, has hit a rough patch ever since the outspoken CEO of Tesla, Elon Musk, bought it for $44 billion in October 2022. While now a private company, the estimated ...
On Oct. 27, 2022, Elon Musk, the richest man in the world, bought one of the most popular social media platforms. Here's what he's changed in the last two years.
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 Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
Allon became a Twitter engineering director, while Julpan's 12 employees were invited to become Twitter employees. [46] The acquisition was for $40 million, and Twitter integrated Julpan's technology to allow users to find in real time tweets about the latest subject matter. [49] 13 November 28, 2011: Whisper Systems: Mobile privacy and ...
Elon Musk lives for the drama. That’s evident in how he is running X, formerly known as Twitter.But before he challenged Mark Zuckerbeg to a cage fight, before he erected a glowing “X” on ...