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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 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.
Shares in Twitter have tumbled after Elon Musk abandoned his $44 billion deal for the social media giant. On Monday, Twitter’s stock price was down $4.16, or 11.3 percent, to $32.65 after news ...
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 bought 73.5 million Twitter shares on March 14 -- a 9.2% stake -- according to a Securities and Exchange Commission (SEC) 13G filing released April 4. See: 22 Side Gigs That Can Make You...
Bill Ackman and Sean "Diddy" Combs are among the list of owners of Elon Musk's X, the social media site formerly known as Twitter.. The platform has been forced to disclose its investors as part ...
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
A new SEC filing also confirmed that Musk is an active investor in Twitter, rather than a passive one. Elon Musk has spent $2.64 billion on Twitter stock this year, snapping up shares almost ...