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Acquisition of Twitter by Elon Musk. Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022. Musk stated he intended to buy Twitter to build X, an "everything app" he had been developing since 2018 to mimic the Chinese app WeChat. [ 1]
Twitter under Elon Musk. 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. Under Musk, Twitter was rebranded to X on July 23, 2023, [ 3] and its URL changed from twitter.com to x.com on May 15, 2024.
Musk bought X, then a public company known as Twitter, for $44 billion in late 2022. He funded his purchase by borrowing from banks including Morgan Stanley, Bank of America, Barclays, MUFG, BNP ...
e. Elon Reeve Musk FRS ( / ˈiːlɒn /; born June 28, 1971) is a businessman and investor known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. Other involvements include ownership of X Corp., the company that operates the social media platform X (formerly known as Twitter), and his role in the founding of ...
A year after Elon Musk acquired Twitter, a game plan published by a fired Trump White House staffer provides a clue about his strategy for the social media platform.
July 5, 2024 at 7:43 AM. By Jonathan Stempel. NEW YORK (Reuters) - Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ...
Journalists. Perpetrator. Elon Musk. Organised by. Elon Musk and Twitter. Outcome. ElonJet and 10 journalists suspended including Steven L. Herman, Donie O'Sullivan, Linette Lopez and Keith Olbermann. On December 15, 2022, Twitter suspended the accounts of ten journalists who have covered the company and its owner, Elon Musk.
Elon Musk’s purchase of Twitter could go down as the worst leveraged buyout (LBO) deal for banks since the 2008 global financial crisis in the latest worrying sign the deal is proving costly to ...