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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.
On September 13, 2024, X Corp. moved its headquarters from San Francisco to Bastrop, Texas, according to records filed with the California Secretary of State. [41] [42] [43] At the end of September 2024, Fidelity's estimation of the value of X shares reflected a decline of 79% from when Musk had acquired Twitter two years earlier. [44]
That number would double Twitter’s $5 billion in revenue in its last full year as a public company before Musk took it private. Since then, it’s been difficult to gauge X’s progress along ...
Doing so would offer the company a much-needed infusion of fresh revenue as Twitter/X continues to burn through its cash reserves even after shedding roughly 80% of its workforce.
Twitter, officially known as X since 2023, is a social networking service.It is one of the world's largest social media platforms and one of the most-visited websites. [4] [5] Users can share short text messages, images, and videos in short posts commonly known as "tweets" (officially "posts") and like other users' content. [6]
In a call with workers Thursday, which The Verge obtained a recording of, Musk outlined his vision for the site’s financial integration, saying he expected the feature to launch by the end of 2024.
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.
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 ...