Search results
Results from the WOW.Com Content Network
Established by Elon Musk in 2023 as the successor to Twitter, Inc., it is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X (formerly known as Twitter) , and has announced plans to use it as a base for other offerings.
Lawyers for X, formerly known as Twitter, fought to keep its full ownership structure under wraps. ... Musk acquired Twitter in 2022 for $44 billion, taking the company private and laying off ...
[70] [71] The deal closed on October 27, 2022, with the merger between Twitter, Inc. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Musk, [72] and Musk took control of the company, [73] paying $54.20 per share, or about $44 billion.
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]
Elon Musk's Department of Government Efficiency is already verified on X as an official government entity, and could be in violation of the platform's rules on verification.
The other type is government agencies which might also do activities competing with private owned companies. They usually are funded by tax money but can also sell services. The government has tried to avoid having agencies doing commercial activities, by separating out areas that compete with private companies into government-owned companies ...
This is a list of the world's largest non-governmental privately held companies by revenue. This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others. These corporations have revenues of at least US$10 billion.
In the US, private prison facilities housed 12.3% of all federal prisoners and 5.8% of state prisoners in 2001. Contracts for these private prisons regulate prison conditions and operation, but the nature of running a prison requires a substantial exercise of discretion. Private prisons are more exposed to liability than state run prisons. [4]