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The price of $54.20 per share is believed to be a reference to 420, a slang term in cannabis culture for marijuana consumption. [25] On April 15, Twitter's board of directors announced a "poison pill" strategy which would allow shareholders to purchase additional stock in the event of a hostile takeover; the plan expired on April 14, 2023. [26]
Twitter's share price rose more than 27% following that disclosure, the SEC said. Tuesday's lawsuit seeks to force Musk to pay a civil fine and disgorge profits he didn't deserve.
Tesla and SpaceX CEO Elon Musk has purchased a 9.2% stake in Twitter, worth almost $3bn.
Twitter, Inc. was an American social media ... it was reported that Musk offered to proceed with the deal at the original offer price of $54.20 per share. [69 ...
Price (USD) Category Background information References 1 July 15, 2008: Summize Social search US: Summize was a search engine founded by Jay Verdy. [1] 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]
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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.
She purchased 50 call options at a strike price of $50 with an expiration date of Jan. 16, 2026. The transaction was much larger than the Tempus AI trade, coming in between $500,000 and $1 million ...