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Musk made a trip to Twitter's headquarters on October 26, tweeting a video of him jokingly carrying a kitchen sink at the site's lobby and changing his Twitter bio to "Chief Twit". [163] [164] [165] Musk also told Twitter employees that while layoffs were still likely to happen, he did not intend to do so at the scale the Post had previously ...
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 ...
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.
By January 2022, Musk started buying shares of Twitter. Two months later, he posed a question to his followers: "Free speech is essential to a functioning democracy.
“During the period that Musk was required to publicly disclose his beneficial ownership but had failed to do so, he spent more than $500 million purchasing additional shares of Twitter common ...
The civil complaint added that by April 4, when Musk disclosed his ownership in the company, Twitter’s stock price had jumped more than 27 percent. “On April 4, 2022, eleven days after a ...
In November 2021, Musk became the first person to have a net worth of more than $300 billion. [19] On December 30, 2022, due to declining stock values in Tesla, Musk had lost $200 billion from his net worth, the first person in history to do so, [20] [21] which was recognized by Guinness World Records in January 2023. [22]
The deal values Twitter stock at about $54 a share, above the $39 that the stock was trading at before Musk's interest in the company became clear in early April, when he purchased a 9% stake in ...