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Originally capital was mainly from high-net-worth individuals but after the stock market downturn of 2002, institutional investors became more interested in Lighthouse to hedge risks. [ 2 ] [ 3 ] In November 2007, HFA Holdings (now Navigator Global Investments ) announced it would acquire Lighthouse in a deal worth US$676.3 million although ...
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.
The Twitter cofounder previously backed the Tesla CEO in his takeover of the company but walked back his support earlier this year, telling a member on rival social media platform Bluesky, "It all ...
The deal was closed on October 28, with Musk immediately becoming Twitter's new owner and CEO. Twitter was taken private and merged into a new parent company named X Corp. Musk promptly fired several top executives, including previous CEO Parag Agrawal. Musk has since proposed several reforms to Twitter and laid off half of the company's ...
X marks the spot for much mockery, as the social media mecca formerly known as Twitter officially revealed its branding change — to, simply, the 24th letter of the alphabet.
Twitter named former Goldman Sachs executive Anthony Noto as the company's CFO in July 2014, with an "annual salary of $250,000 and one-time restricted stock options of 1.5 million shares ... valued at $61.5 million". [166] On June 10, 2015, Twitter announced its CEO Dick Costolo would resign on July 1, 2015. [167]
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Currently, the CEO of Rockefeller Capital Management, [2] Fleming is also a lecturer at Yale Law School in ethics and financial markets. [1] He previously served as president and chief operating officer at Merrill Lynch , where he led several major mergers and acquisitions deals in the 2000s, [ 3 ] including the $50 billion sale of Merrill ...