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For the fiscal year 2021, the last fiscal before Twitter was taken private, the company reported a loss of 221 million, with an annual revenue of $5.1 billion. Since its IPO, Twitter made profit in only two of the eight years. [175]
Musk hinted at Twitter’s financial troubles saying, “I acquired the world’s largest non-profit for $44 billion.” (Twitter had, in fact, reported a profit in 2018 and 2019, prior to Musk ...
X Logo used since 2023 [a] X homepage visited while logged out in January 2025 Formerly Twitter (2006–2023) Type of site Social networking service Available in Multilingual Founded March 21, 2006 ; 18 years ago (2006-03-21), in San Francisco, California, U.S. Headquarters Bastrop, Texas, United States Area served Worldwide, except blocking countries Owner Odeo (March–October 2006) Obvious ...
Twitter (NYSE: TWTR) appears to be making a slow turnaround this year. It recently reported its quarterly performance that outpaced market expectation Twitter Delivers A Second Consecutive ...
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [18] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [9] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
This episode of “In Real Life” dives into Twitter's legacy and what lies ahead for X and for ... 2023 at 5:00 PM. In Real Life: After Twitter. For 15 years, Twitter was a global public forum ...
The company experienced rapid initial growth. In 2009, Twitter won the "Breakout of the Year" Webby Award. [21] [22] On November 29, 2009, Twitter was named the Word of the Year by the Global Language Monitor, declaring it "a new form of social interaction". [23] In February 2010, Twitter users were sending 50 million tweets per day. [24]
A nonfiction book about the acquisition, Breaking Twitter: Elon Musk and the Most Controversial Corporate Takeover in History, was announced by author Ben Mezrich in December 2022 and released in November 2023. [379] [380] Many publications reflected on Twitter's first year under Musk's ownership.