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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 ...
See Also: 6 Genius Things All Wealthy People Do With Their Money In the months leading up to his announcement about acquiring Twitter, Musk embarked on a buying spree of Twitter’s stock.
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.
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.
As Elon Musk celebrates one year of owning Twitter/X, he’s outlining plans for its future to staffers, including aspirations to be the epicenter of people’s financial world.
Several celebrities have announced their decision to leave X (formerly known as Twitter) since the social media platform was acquired by Elon Musk in October 2022. President-elect Donald Trump’s ...
The following contains a list of trading losses of the equivalent of US$100 million or higher. Trading losses are the amount of principal losses in an account. [1] Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public.
Twitter now looks uninvestable as Elon Musk says no deal. More on that, and what else to watch in markets on Monday, July 11, 2022. Elon Musk has turned Twitter into dead money: Morning Brief [Video]