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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]
Elon Reeve Musk (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman and investor known for his key roles in space company SpaceX and automotive company Tesla, Inc. Other involvements include ownership of X Corp., formerly Twitter, and his role in the founding of The Boring Company, xAI, Neuralink and OpenAI.
Elon Muskinitiated the acquisition of Twitter, Inc. on April 14, 2022, and completed it on October 28, 2022. [23][24]His goal was to transform Twitter into X, an all-encompassing app inspired by WeChat.[25] By April, Musk had become Twitter's largest shareholder with a 9.2 percent stake and made an unsolicited $44 billion offer on April 14 ...
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 ...
May 30, 2024 at 10:43 AM. (Reuters) - Elon Musk has settled his latest legal fight with the U.S. Securities and Exchange Commission by agreeing to testify for the regulator's probe into his 2022 ...
Twitter has a new look: The iconic Twitter bird logo — known as "Larry" — has been replaced by an illustration of the letter X. Elon Musk teased the rebranding on Sunday, and the new logo ...
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.
Since acquiring Twitter in 2022 in a $44-billion deal, Musk has made sweeping and controversial changes to the social media site, firing top executives and laying off thousands of employees.