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In what could be its last financial reporting as a public company, Twitter released its first quarter earnings on April 28, days after its board agreed to Elon Musk's $44 billion bid. See: Rising ...
The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
On April 4, he announced that he had acquired 9.2 percent of the company's shares totaling $2.64 billion, [8] making him the company's largest shareholder. [9] Following the announcement, Twitter's stock experienced its largest intraday surge since the company's initial public offering (IPO) in 2013, rising by as much as 27 percent. [10]
The social media giant reported a rise in first-quarter earnings to 513 million US dollars (£405 million), but revenues missed forecasts.
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 known as Twitter), and has announced plans to use it as a base for other offerings. While the official name of the company and ...
In August 2010 Twitter announced a "significant" investment led by Digital Sky Technologies that, at US$800 million, was reported to be the largest venture round in history. [188] In December 2011, the Saudi prince Alwaleed bin Talal invested US$300 million in Twitter.
Social media giant Twitter on Friday posted higher usage figures, but missed second-quarter earnings and revenue expectations. Twitter reported revenue of $1.18 billion in the second quarter of ...
[20] [21] [22] In July 2023, Musk announced that Twitter would be rebranded to "X" and the bird logo would be retired, [23] [24] a process which was completed by May 2024. Since Musk's takeover, data from app-tracking firms has shown that global usage of Twitter has declined by approximately 15%, compared to a decline of 5–10% in some other ...