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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]
After acquiring Twitter on October 28, 2022, CEO Elon Musk provided these documents to journalists Matt Taibbi, Bari Weiss, Lee Fang, and authors Michael Shellenberger, David Zweig, and Alex Berenson. Taibbi and Weiss, in coordination with Musk, published the details of the files through a series of Twitter threads.
After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [147] and a total of $16.4 billion by year end, reaching the 10% target. [148] In February 2022, The Wall Street Journal reported that both Musk and his brother Kimbal were under investigation by the Securities and Exchange ...
April 18, 2023 at 9:21 AM. Tesla CEO Elon Musk's $44 billion purchase of Twitter ( TWTR) has been followed by a series of chaotic events for the social media platform, including the workforce ...
On October 4, Musk announced his intention to purchase the company as he had agreed, for $44 billion, or $54.20 a share; [16] the agreement closed on October 27. Following Musk's takeover, Twitter was criticized for an increase in hate speech, [17] as well as for perceived systemic prioritization of right-wing content.
Bill Ackman and Sean "Diddy" Combs are among the list of owners of Elon Musk's X, the social media site formerly known as Twitter.. The platform has been forced to disclose its investors as part ...
v. t. e. X Corp. is an American technology company established by Elon Musk in 2023 as the successor to Twitter, Inc. It is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X (formerly Twitter), and has announced plans to use it as a base for other offerings.
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 ...