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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 ...
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.
Date Company Business Country 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 ...
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.
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.
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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 ...
YouTube CEO Susan Wojcicki is stepping down from her position as head of the popular video sharing platform. A Google (GOOG, GOOGL) employee for 25 years, Wojcicki has led YouTube for the last ...