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v. 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 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]
April 18, 2023 at 9:21 AM. Tesla CEO Elon Musk's $44 billion purchase of Twitter ( TWTR) has been followed by a series of chaotic events for the social media platform, including the workforce ...
The Twitter Files are a series of internal documents from Twitter, Inc. released between December 2022 and March 2023. After acquiring Twitter on October 28, 2022, CEO Elon Musk provided these documents to journalists Matt Taibbi, Bari Weiss, Lee Fang, and authors Michael Shellenberger, David Zweig, and Alex Berenson. Taibbi and Weiss, in ...
The Twitter Files are a series of releases of select internal Twitter, Inc. documents published from December 2022 through March 2023 on Twitter. CEO Elon Musk gave the documents to journalists Matt Taibbi, Bari Weiss, Lee Fang, and authors Michael Shellenberger, David Zweig and Alex Berenson shortly after he acquired Twitter on October 27, 2022.
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.
Elon Musk entered into a deal to acquire Twitter for US$44 billion on April 25, 2022. [109] The deal formally closed on October 27, 2022, following an attempt by Musk to terminate the deal in July. Immediately following the closure of the deal, Musk ousted existing leadership at Twitter, Inc. including CEO Parag Agrawal and instated himself as ...
Agrawal was fired as CEO once Elon Musk completed his acquisition of the company on October 27, 2022. [23] [24] Post-Twitter, Agrawal founded an artificial intelligence startup aimed at developing software for large language models (LLMs). The company received $30 million in funding from Khosla Ventures, Index Ventures, and First Round Capital ...
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]