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The service is owned by the American company X Corp., which was established to succeed the prior owner Twitter, Inc. in March 2023 following the October 2022 acquisition of Twitter by Elon Musk for US$44 billion. Musk stated that his goal with the acquisition was to promote free speech on the platform.
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.
Twitter, Inc. was an American social media company based in San Francisco, California, ... wholly owned by Musk, [72] and Musk took control of the company, ...
November saw Twitter lose $4 million per day, according to Musk, who in turn laid off more than half of the Twitter workforce, citing the high revenue loss. However, the layoffs came without ...
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.
Elon Musk already faces pushback from celebrities, lawmakers, and advertisers worried about Twitter’s changes.
Here's why Jeff Bezos is talking about problems between Twitter and Teslas. ... Why Bezos is worried that a Musk-owned Twitter will cave to China. Daniel Howley. April 26, 2022 at 12:33 PM.
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. While the official name of the company and ...