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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 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.
Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said. The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
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 being ...
September 20, 2024 at 4:30 PM. Susan Walsh / AP. The Securities and Exchange Commission plans to sanction Elon Musk for not appearing for testimony concerning his 2022 takeover of Twitter. In a ...
Following the acquisition of Twitter by Elon Musk on October 28, 2022, Musk told Twitter employees to introduce paid verification by November 7 through Twitter Blue. The Verge reported that the updated Blue subscription would cost $19.99 per month, and users would lose their verification status if they did not join within 90 days.
Elon Musk and Grimes at the 2018 Met Gala. A new book called "Character Limit" describes their tumultuous relationship and details Musk's chaotic purchase of Twitter.
The Twitter Files are a series of releases of select internal Twitter, Inc. documents published from December 2022 through March 2023 on Twitter.CEO Elon Musk gave the documents to journalists Matt Taibbi, Bari Weiss, Lee Fang, and authors Michael Shellenberger, David Zweig and Alex Berenson shortly after he acquired Twitter on October 27, 2022.