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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 announced on Monday that it has entered into a deal to be acquired by Tesla CEO Elon Musk for $44 billion.Twitter shareholders will receive $54.20 per share, and when the deal is finalized ...
April 18, 2023 at 9:21 AM. Tesla CEO Elon Musk's $44 billion purchase of Twitter ( TWTR) has been followed by a series of chaotic events for the social media platform, including the workforce ...
They argue that this delay allowed Musk to buy more shares at cheap prices, which saved more than $200 million. Twitter, which has been rebranded as X following Musk's takeover, saw its stock rise ...
On July 12, Twitter opened a lawsuit against Musk to force the sale to proceed. On September 13, 2022, Twitter shareholders voted to approve Elon Musk's takeover of the company. On October 4, 2022, it was reported that Musk offered to proceed with the deal at the original offer price of $54.20 per share.
X Logo used since July 2023 [a] X homepage visited while logged out in July 2024 Type of site Social networking service Available in Multilingual Predecessor(s) Twitter Area served Worldwide, except blocking countries Owner X Corp. (2023–present) Chairman Elon Musk CEO Linda Yaccarino URL x.com Registration Required [b] Current status Active Native client(s) on Android iOS iPadOS Amazon Fire ...
Late last October, Elon Musk officially closed a deal to acquire the platform then known as Twitter for $44 billion, after months of legal proceedings and threats to back out of the purchase.
X.com was an American online bank founded by Ed Ho, Harris Fricker, Elon Musk, and Christopher Payne in 1999 in Palo Alto, California. In 2000, it merged with competitor Confinity and in 2001, the merged company changed its name to PayPal. Starting in 2023, the x.com internet domain name began to be used for Twitter which was acquired by Musk ...