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Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, “We’re still negative cash flow, due ...
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 ...
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.
Twitter announces a partnership with Russian search engine Yandex. Yandex, a Russian search engine, finds value within the partnership due to Twitter's real time news feeds. Twitter's director of business development explained that it is important to have Twitter content where Twitter users go. [59] 2012: March 21: Userbase
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Twitter announced that it had acquired TellApart, a commerce ads tech firm, with $532 million stock. [145] [146] In June 2016, Twitter [147] acquired an artificial intelligence startup called Magic Pony for $150 million. [148] [149] On January 26, 2021, Twitter acquired Revue, an email newsletter service to compete with platforms like Substack ...
The app exploded onto the scene just as Twitter was blundering. Musk had imposed a poorly received update that temporarily limited the number of posts Twitter users could see in a day.