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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.
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.
Tesla CEO Elon Musk's $44 billion purchase of Twitter has been followed by a series of chaotic events for the social media platform, including the workforce being slashed by 80% and the ...
Twitter announced on Monday that it has entered into a deal to be acquired by Tesla CEO Elon Musk for $44 billion. Twitter shareholders will receive $54.20 per share, and when the deal is ...
Elon Musk’s deal to buy Twitter appears to be on the verge of collapse. ... (SEC) shows Mr Musk bought up just over 9% of Twitter shares, at the time making him the firm’s largest shareholder.
That’s a 78.7% drop. Buying Twitter was a $46.5 billion deal: $44 billion went to shareholders and about $2.5 billion went to expenses. Musk and his coinvestors put about $33 billion into the ...
On Oct. 27, 2022, Elon Musk, the richest man in the world, bought one of the most popular social media platforms. Here's what he's changed in the last two years. On Oct. 27, 2022, Elon Musk, the ...
After months of legal wrangling and public acrimony, the on-again, off-again $44 billion deal closed Thursday, handing control of Twitter to Elon Musk