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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 Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman and U.S. special government employee, best known for his key roles in Tesla, Inc., SpaceX, the Department of Government Efficiency (DOGE), and his ownership of Twitter.
When Elon Musk bought Twitter in 2022, he laid off thousands of employees, stopped paying rent and auctioned off coffee makers and office chairs in hopes of a big turnaround. Now the world’s ...
A sign is seen at a press conference held by the Congressional Progressive Caucus on the activities of Elon Musk's Department of Government Efficiency at the U.S. Capitol on February 06, 2025 in ...
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.
National Public Radio is quitting Twitter over the social media company’s recent actions under owner Elon Musk to stamp it with labels the news organization says are meant to undermine its ...
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
Tesla CEO Elon Musk's $44 billion purchase of Twitter has been followed by a series of chaotic events for the social media platform, including the workforce being slashed by 80% and the ...