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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 ...
How much did Elon Musk pay to buy Twitter (X)? Musk's purchase of Twitter stock before his announcement to acquire the company involved buying shares at prevailing market prices over a period. The ...
Twitter, Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service.
[231] [232] The Twitter app was rebranded as X in July, an unprecedented decision which has created confusion among users. [233] In September, Musk failed to appear before the SEC in response to the agency's investigation into his purchasing of Twitter stock the year prior, prompting a lawsuit. [234]
Elon Musk is retiring the last vestige of Twitter — the twitter.com web address — as the social network has fully moved over to the x.com domain name. “All core systems are now on X.com ...
In late October, just over a year after Musk closed a $44 billion deal to buy Twitter, X notified employees eligible for stock grants that they would receive shares at a valuation of $19 billion.
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 X rebrand may have a harder journey, Withey said, due to it being an unusual case of a high equity brand — one that was a cultural force for well over a decade — being renamed overnight.