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Twitter’s Trouble Turning a Profit. Twitter went public in November 2013 and enjoyed a strong share price of $45 due to investor interest. The platform is a favorite medium for celebrities and ...
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.
Twitter acquired Crashlytics, a crash reporting tool for developers, on January 28, 2013, for over US$100 million, its largest acquisition at the time. [124] Twitter committed to continue supporting and expanding the service. [125] In October 2014, Twitter announced Fabric, a suite of mobile developer tools built around Crashlytics. [126]
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] 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 ...
The X rebrand may have a harder journey, Withey said, due to it being an unusual case of a high equity brand — one that was a cultural force for well over a decade — being renamed overnight.
Twitter (NYSE: TWTR) appears to be making a slow turnaround this year. It recently reported its quarterly performance that outpaced market expectation
Jack Patrick Dorsey (born November 19, 1976) [3] is an American businessperson, who is a co-founder and former CEO of Twitter, Inc. from 2015 until 2021, as well as co-founder, principal executive officer and chairman of Block, Inc. (developer of the Square financial services platform).
Musk is taking tips from Twitter users about how to make money from the platform. Twitter will soon have to pay billions in interest on Musk's debt.