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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...
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.
The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X ...
Twitter stock fell around 5% on the news. Musk's complaint stems from Twitter's insistence that the social media platform does not have a problem with bots, an issue that the world's richest ...
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.
After the news of the deal went out, Twitter shares rose 5.7% to $51.70 by the end of Monday's trading. In a virtual all-hands meeting Monday afternoon, Twitter Chief Executive Parag Agrawal said ...
v. t. e. X Corp. is an American technology company established by Elon Musk in 2023 as the successor to Twitter, Inc. It is a wholly owned subsidiary of X Holdings Corp., which is itself owned by Musk. The company owns the social networking service X (formerly Twitter) and has announced plans to use it as a base for other offerings.
Musk — a Twitter user with over 85 million followers — began acquiring stock in January and announced his intention of buying the platform on April 14, having already owned 10% of the website.