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Acquisition of Twitter by Elon Musk. Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022. Musk stated he intended to buy Twitter to build X, an "everything app" he had been developing since 2018 to mimic the Chinese app WeChat. [ 1]
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 finalized ...
After weeks of drama, Elon Musk has finalized a deal to buy Twitter, the platform on which the world's richest man frequently makes flippant remarks and employs middle-school humor. Previously the ...
Elon Musk. Elon Reeve Musk FRS ( / ˈiːlɒn /; born June 28, 1971) is a businessman and investor known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. Other involvements include ownership of X Corp., the company that operates the social media platform X (formerly known as Twitter), and his role in the ...
On November 16, Musk delivered an ultimatum to employees via email: commit to "extremely hardcore" work in order to realize Musk's vision of "Twitter 2.0", or leave. [106] [107] In response, hundreds of Twitter employees resigned the next day, hours before the deadline to respond to Musk's email.
Frontline’s “Elon Musk’s Twitter Takeover” premieres October 10 at 9 p.m. ET on PBS. For more CNN news and newsletters create an account at CNN.com. Show comments. Advertisement.
The service is owned by the American company X Corp., which was established to succeed the prior owner Twitter, Inc. in March 2023 following the October 2022 acquisition of Twitter by Elon Musk for US$44 billion. Musk stated that his goal with the acquisition was to promote free speech on the platform.
Musk offered to buy Twitter for $54.20 per share; Twitter responded by creating a new class of preferred stock priced at $420. Not surprisingly, buying a publicly traded company is more ...