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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.
Company operation Elon Musk completed the acquisition of Twitter. [201] 2022 November 1-9 Product Announcement of new version of Twitter Blue with verification system, costing $7.99 per month. [202] Launched 8 days later. [203] 2022 November 8 Product Addition of "Official" label for government, company, and public figure accounts [204] 2022
Early signs of interest. Musk first joined Twitter in June 2009 and has amassed over 115 million followers since then. Over the years, his tweets have created news headlines and even caused moves ...
Over 16 million companies used its product at the time of the acquisition. Twitter's aim with the acquisition was to enhance its geotagging API with GeoAPI features. [9] Twitter paid for the acquisition using roughly $5 million of stock, and Mixer Lab employees were invited to become Twitter employees. [10] [11] [12] 4 April 9, 2010: Atebits ...
Elon Musk has purchased Twitter, ending a monthslong saga over whether or not he would go through with his offer to acquire the social media platform. WSJ takes an inside look at the tweets, texts ...
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
Elon Musk's $44 billion purchase of Twitter has been followed by a series of chaotic events for the social media platform. The Twitter era under Tesla CEO Elon Musk: A timeline [Video] Skip to ...
A lot has happened since Elon Musk completed his acquisition of Twitter last month — layoffs of thousands of employees, firings of engineers critical of him