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(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 acquisition of social media ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Twitter's board has a tough needle to thread amid Elon Musk's huge buyout offer. One wrong step could send shares reeling.
Twitter, Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service.
Twitter stock jumped 11% in early trading today, following the news that CEO Jack Dorsey is stepping down. See: Crypto Update: Jack Dorsey's Square Publishes Whitepaper for Decentralized Bitcoin...
Jack Patrick Dorsey (born November 19, 1976) [3] is an American Internet entrepreneur, philanthropist, and programmer, who is a co-founder and former CEO of Twitter, Inc. from 2015 until 2021, as well as co-founder, principal executive officer and chairperson [4] of Block, Inc., which is the developer of the Square financial services platform.
On April 14, Musk made an unsolicited and non-binding offer to Twitter to purchase the company for $43 billion, or $54.20 per share, and take it private. Though the offer was made to company management, the bid was described as a hostile takeover attempt because of the implied threat to purchase the outstanding stock if management declined.
Shares of Twitter were down 5.3% in pre-market trading on July 11, following Elon Musk's termination of the $44 billion deal late Friday, July 8. See: Twitter Shares Tumble as Their 'Fire Hose ...