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Twitter acquired Crashlytics, a crash reporting tool for developers, on January 28, 2013, for over US$100 million, its largest acquisition at the time. [128] Twitter committed to continue supporting and expanding the service. [129] In October 2014, Twitter announced Fabric, a suite of mobile developer tools built around Crashlytics. [130]
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.
Twitter will soon have to pay billions in interest on Musk's debt. Elon Musk has resorted to crowdsourcing ideas to make Twitter more profitable as annual billion-dollar debt payments loom Skip to ...
Twitter’s Trouble Turning a Profit. ... Twitter stock had lost all of the gains it had made following the news of Musk’s 9.2% stake. Twitter’s Performance in the Second Quarter of 2022.
In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
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 (NYSE: TWTR) appears to be making a slow turnaround this year. It recently reported its quarterly performance that outpaced market expectation
Twitter, officially known as X since 2023, is a social networking service.It is one of the world's largest social media platforms and one of the most-visited websites. [5] [6] Users can share short text messages, images, and videos in short posts commonly known as "tweets" (officially "posts") and like other users' content. [7]