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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 ...
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.
Musk's money manager wrote to investors that in recent weeks the family office had received "numerous inbound requests to invest in Twitter." [ 102 ] [ 103 ] The Wall Street Journal reported in January 2023 that talks had been held to raise up to $3 billion to pay down some of the $13 billion in bank debt incurred in the deal, which includes a ...
December 17, 2024 at 7:13 AM LeBron James's media company lost $28 million in 2023 — and it's on pace to lose millions more in 2024, report says. Why celeb-backed startups can struggle, and what ...
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Loss Year Losee Nationality Reference 1 $200 billion 2022 Elon Musk United States/ South Africa [2]2 $80 billion 2022 Jeff Bezos United States [3]3 $78 billion 2022 ...
They charge a bit for the Twitter scrape and their time; moving my tens of thousands of tweets, dating back to 2009, cost about $17. From a technical perspective, that's possible only because of ...