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Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022. Musk stated he intended to buy Twitter to build X, an "everything app" he had been developing since 2018 to mimic the Chinese app WeChat. [1] Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by ...
The lawsuit from the SEC against Musk is essentially about him not disclosing his purchase of a large portion of Twitter’s stock in the months before he announced his intention to buy the company.
X Corp. X Corp. is an American technology company 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 Twitter), and has announced plans to use it as a base for other offerings.
X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal. Starting in 2023, the x.com internet domain name began to be used for Twitter which was acquired by Musk in 2022 and subsequently rebranded to X .
The probe concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X. It is also reviewing statements and SEC filings he made in relation ...
Billionaire Elon Musk is arguing that his late disclosure of Twitter stock purchases was a mistake in an effort to dismiss a proposed class action lawsuit brought by shareholders.
A new biography on Musk by Walter Isaacson sheds light on the billionaire’s state of mind during the bizarre lead-up to his bid for Twitter. The social media site wasn’t a natural fit for Musk ...
Elon Reeve Musk (/ ˈ iː l ɒ n /; born ... Musk made a $43 billion offer to buy Twitter, launching a takeover bid to buy 100% of Twitter's stock at $54.20 per share.