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Twitter raises money, gets celebrity endorsements and publicity, and continues to grow rapidly. The first tweet from space occurs during this period. Twitter also announces that it will start allowing for advertising in the form of promoted tweets – "ordinary tweets that businesses and individuals want to highlight to a wider group of users."
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 2019, Twitter was announced to be the 10th most downloaded mobile app of the decade, from 2010 to 2019. [42] Twitter played an important role in the Arab Spring across the Middle East and North Africa. [37] On April 5, 2011, Twitter tested a new homepage and phased out the "Old Twitter". [43]
Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, “We’re still negative cash flow, due ...
Twitter chief Elon Musk defended his choice to cut half of the company’s workforce on Friday, saying that his newly acquired business is losing large sums of money fast. “Regarding Twitter’s ...
Twitter now looks uninvestable as Elon Musk says no deal. More on that, and what else to watch in markets on Monday, July 11, 2022. Elon Musk has turned Twitter into dead money: Morning Brief [Video]
Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 102 ] [ 103 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
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 ...