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t. e. 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.
On October 28, 2022, after much speculation, he purchased social media platform for $44 billion. According to Bloomberg, he not only overpaid for the company but lost $10 billion in the process.
Overall, 2021 has thus far been a positive year for Twitter, bringing solid earnings. Learn about Twitter's finances and stock performance before investing. ... News. Need help? Call us! 800-290 ...
Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. Financial services company Fidelity has reduced the market value of its equity stake ...
Website. Alexisohanian.com. Alexis Kerry Ohanian (Armenian: Ալեքսիս Քերի Օհանյան; born April 24, 1983) [1] is an American internet entrepreneur and investor. He is best known as the co-founder and former [2] executive chairman of the social media site Reddit along with Steve Huffman and Aaron Swartz.
[51] [52] [53] In response, Twitter's stock rose by as much as 27% and Twitter shares experienced the largest intraday surge since Twitter's IPO in 2013. [54] Musk was appointed to Twitter's board on April 9, under a deal that prohibited him from acquiring more than 14.9% of the company. [52] [55] [56]
Now we know how inflated Musk believe his bid was: X, the new name of Twitter, on Monday informed employees eligible for stock grants that they would … X Is Now Worth $19 Billion, Down 57% From ...
Twitter, officially known as X since July 2023, is a social networking service.It is one of the world's largest social media websites and one of the most-visited websites. [3] [4] Users can share short text messages, images, and videos in short posts commonly known as "tweets" and like or retweet (officially "repost") other users' content. [5]