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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]
Billionaire Elon Musk is arguing that his late disclosure of Twitter stock purchases was a mistake in an effort to dismiss a proposed class action lawsuit brought by shareholders.
Elon Musk initiated 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 ...
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.
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 ...
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all ...
Elon Musk entered into a deal to acquire Twitter for US$44 billion on April 25, 2022. The deal formally closed on October 27, 2022, following an attempt by Musk to terminate the deal in July. Immediately following the closure of the deal, Musk ousted existing leadership at Twitter, Inc. including CEO Parag Agrawal and instated himself as head ...
Elon Musk and Twitter. In April 2022, Musk disclosed a 9 percent stake in social media company Twitter after years of being an active user with a large following. Eventually he agreed to purchase ...