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Acquisition of Twitter by Elon Musk. 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]
On July 23, 2023, Musk announced X's launch, which would replace Twitter, which started when the X.com domain (formerly associated with PayPal) began redirecting to Twitter; [3] the logo was changed from the bird to the X the next day, [37] and the platform's official main and associated accounts also began using the letter X within their handles. [38]
Elon Reeve Musk FRS ( / ˈiːlɒn /; born June 28, 1971) is a businessman and investor known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. Other involvements include ownership of X Corp., the company that operates the social media platform X (formerly known as Twitter), and his role in the founding of The ...
Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said. The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
The changes to the verification system have been a central part of Elon Musk’s plans since the billionaire completed his takeover of the site last month. Twitter usage is at an all-time high lol ...
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 mostly 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.
On July 22, 2023, Elon Musk announced that the service would be re-branded to "X", [266] in his pursuit of creating an "everything app". [265] Musk's X profile picture, along with the official X accounts, and the icons when browsing/signing up for the platform, were updated to reflect the new logo. [267]
In October 2022, business magnate Elon Musk (pictured) acquired Twitter. In June 2009, business magnate Elon Musk joined Twitter, and has held an interest in the site. Musk's tweets, ranging from adoration to repudiation, have regarded the site at times.