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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.
The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
Elon Musk in 2022. Elon Musk is the wealthiest person in the world, with an estimated net worth of US$385 billion as of February 23, 2025, according to the Bloomberg Billionaires Index, [1] and $384 billion according to Forbes, [2] primarily from his ownership stakes in Tesla, Inc., and SpaceX. [3]
Elon Musk is the wealthiest person in the world, with an estimated net worth of US$385 billion as of February 23, 2025, according to the Bloomberg Billionaires Index, [419] and $384 billion according to Forbes, [420] primarily from his ownership stakes in Tesla, Inc., and SpaceX.
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Elon Musk's net worth of $264 billion makes him the world's richest person. ... Musk cofounded space-exploration company SpaceX in 2002. In 2004, he became an investor in and chairman of EV ...
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.
Elon Musk's $44 billion purchase of Twitter has been ... Musk sold $8.5 billion worth of Tesla ... Twitter merged with X corp. another tech company founded by Musk, meaning that Twitter as an ...