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Musk's acquisition of Twitter was principally responsible for the development of Threads, a social media platform which closely resembles Twitter, by rival company Meta Platforms. Work began on the service in November 2022, and it was released on July 5, 2023, amidst continued backlash to changes to Twitter enacted by Musk and Yaccarino.
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.
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 ...
Musk was appointed to Twitter's board on April 9, under a deal that prohibited him from acquiring more than 14.9% of the company. [51] [54] [55] Musk made an unsolicited offer on April 14 to acquire Twitter for $44 billion and take the company private. [56]
After months of legal wrangling and public acrimony, the on-again, off-again $44 billion deal closed Thursday, handing control of Twitter to Elon Musk 'The bird is freed' as Elon Musk now owns ...
One year after Elon Musk took over Twitter, the platform and its cultural impact have fundamentally changed How a single year of Elon Musk turned Twitter into a husk of its former self Skip to ...
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. and SpaceX, and his ownership of Twitter. Musk is the wealthiest individual in the world; as of February 2025, Forbes estimates his net worth to be US$397 billion.
Musk acquired Twitter for roughly $44 billion in October 2022. The lawsuit asks the court to ultimately order Musk to "pay disgorgement of his unjust enrichment" and to pay a civil penalty. The ...