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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.
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 ...
Twitter is attempting to force Musk to buy the social media company in court for $44 billion. Elon Musk teased a possible Twitter competitor if he isn't forced to go through with the $44 billion deal.
Sales which included website content or involved equity deals are not listed. Domain Price Sale date Ref Voice.com: $30 million: 2019 [1] 360.com: $17 million: 2015 [2]
On October 28, 2022, after much speculation, he purchased social media platform for $44 billion. According to Bloomberg, he not only overpaid for the company but lost $10 billion in the process.
The article on Beattie’s site begins with a baseless claim that censorship on Twitter cost President Donald Trump the 2020 election. “Free speech online is what enabled the Trump revolution in ...
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.
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