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Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, “We’re still negative cash flow, due ...
The Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
The name Twitter (spelled twttr at the time and using a green site logo [5]) is chosen for the service. The idea for the name is attributed to Noah Glass. [6] [7] 2006: March 21: Creation: Twitter is officially set up and Jack Dorsey sends the first tweet. [8] 2006: July 15: Media coverage
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.
November saw Twitter lose $4 million per day, according to Musk, ... Twitter Blue was first launched in June 2021 in Canada and Australia for $3-$4 a month. It provided users with special features ...
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.
Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 101 ] [ 102 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
The app exploded onto the scene just as Twitter was blundering. Musk had imposed a poorly received update that temporarily limited the number of posts Twitter users could see in a day.