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Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [1] The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [2]
Twitter acquires with $532 million in stock TellApart, an ad technology company with rich user profiles, and partners with DoubleClick, Google's ad exchange. [109] [110] [111] 2015: April 28: Financial: Twitter shares fall in price by about 18% based on their disappointing quarterly revenue ($436 million), earning, and user growth numbers.
[193] [194] In an October 15, 2013, amendment to their SEC S-1 filing, [195] Twitter declared that they would list on the New York Stock Exchange (NYSE), quashing speculation that their stock would trade on the NASDAQ exchange. This decision was widely viewed to be a reaction to the botched initial public offering of Facebook. [196]
Much has been speculated about Elon Musk's potential plans for Twitter. Following his $44 billion bid for the social media platform, after securing more than $7 billion in equity from some of his...
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Dorsey endorsed the sale, saying that "taking [Twitter] back from Wall Street is the correct first step" and that he trusted Musk to be the owner of the company. [249] Former Twitter CEO Dick Costolo denounced Musk's criticism of the company. [57] Gadde allegedly cried during a meeting about the announcement and was subjected to online trolling ...
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