Search results
Results From The WOW.Com Content Network
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 ...
In January 2021, Musk, with a net worth of $185 billion, surpassed Amazon founder Jeff Bezos to become the richest person in the world. [10] Bezos reclaimed the top spot the following month. [11] On September 27, 2021, after Tesla stock surged, Forbes announced that Musk had a net worth of over $200 billion, [12] and was the richest person in ...
In November 2021, Musk proposed on Twitter to sell 10% of his Tesla stock, since "much is made lately of unrealized gains being a means of tax avoidance". [147] After more than 3.5 million Twitter accounts supported the sale, Musk sold $6.9 billion of Tesla stock within a week, [ 147 ] and a total of $16.4 billion by year end, reaching the 10% ...
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 ...
[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]