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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.
Oct 28, 2022 · Elon Musk has closed his $44bn deal to take Twitter private, bringing an end to one of the most high-profile and dramatic buyout sagas in recent memory after months of legal wrangling between...
- April 5, 2022 - Twitter Confirms It’S Working on An Edit Button
- April 11, 2022 - Elon Musk Decides Not to Join Twitter’s Board of Directors
- April 14, 2022 - Elon Musk Offers to Buy Twitter For $44 Billion
- April 15, 2022 - Twitter’s Board of Directors Attempt to Block Musk’s Takeover
- April 25, 2022 - Twitter Accepts Elon Musk Buyout
- July 19, 2022 - Twitter’s Lawsuit Against Elon Musk Was Set to Start in October
- October 27, 2022 - Elon Musk Walks Into Twitter HQ Carrying A Sink
- November 2, 2022 - Elon Musk Wants to Introduce 'Paywalled video' to Twitter
- November 19, 2022 - Donald Trump Has Been Reinstated on Twitter by Elon Musk
- December 20, 2022 - Elon Musk Says He'll Resign as Twitter CEO... Eventually
Shortly after Musk became a shareholder of the company, Twitter confirmed it was working on the long-awaited edit button for the platform.The feature has been in the works since at least 2021, and Twitter announced testing was set to commence in the “coming months.”
Musk decided not to join Twitter’s board of directorsdespite him becoming the company's largest shareholder. Twitter CEO Parag Agrawal shared an internal memo on Twitter saying Musk chose not to join the board, and Agrawal said he believes “this is for the best.” That being said, he would be open to Musk’s input going forward.
Musk offered to buy Twitter for $44 billion, which amounts to $54.20 per share in cash. That is 54% higher than the company’s share price the day before Musk began his recent investment into the company. Twitter was valued at the time at $37 billion. This followed a letter sent to Twitter from Musk following his investment to become the majority sh...
Twitter’s board of directors unanimously decided to adopt a “shareholder rights plan” to block Musk’s takeover attempt.This plan, also known as a “poison pill” is used by a company’s board of directors to stop a “hostile takeover.” It offers certain shareholders the right to purchase more company stock at a discounted price.
Twitter announced that it agreed to Elon Musk’s $44 billion bid for the social media company.Twitter confirmed that, after the deal closed, the company would become wholly owned by Musk. "Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,” Twitter...
A Delaware court granted Twitter’s request to expedite its ongoing lawsuit against Elon Muskand he withdrew his offer to buy the company. While the dates were exact, Chancellor Kathaleen McCormick ordered the trial to start in October 2022 and said it would last five days. Twitter originally wanted the trial to start in September and Musk wanted it...
Musk signified his Twitter deal was complete as he tweeted an image of him walking into Twitter’s HQ with a sink alongside the caption, “let that sink in.” Musk also updated his Twitter bio to say “chief twit.”
Musk reportedly wants to add a "paywalled video" feature to Twitter in the near future,which would allow creators to charge for the content alongside netting Twitter a cut of that fee. Twitter's Product Trust Team "identified the risk as high" for legal compliance concerns. If it were to go through, the report says monetization options include pre-...
The official account of former United States President Donald Trump was reinstated by Elon Muskon November 19 after a poll from Musk that asked Twitter users if he should "reinstate former President Trump." After over 15 million votes, 51/8% of the voter said yes, he should return.
Elon Musk spoke up for the first time after 57% of voters in his recent Twitter poll said he should step down as Twitter's CEO. "I will resign as CEO as soon as I find someone foolish enough to take the job!" Musk tweeted."After that, I will just run the software and servers teams." Prior to these words, Musk wrote, "As the saying goes, be careful ...
Oct 27, 2022 · Oct. 27, 2022. After months of waffling, lawsuits, verbal mudslinging and the near miss of a full blown trial, Elon Musk now owns Twitter. On Thursday night, Mr. Musk closed his $44 billion deal...
Oct 7, 2022 · Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc private and took ownership of the influential social media platform by firing top executives...
Oct 28, 2022 · Oct 28 (Reuters) - Billionaire Elon Musk became Twitter Inc's (TWTR.N) owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions...
Oct 27, 2022 · Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private. The world’s richest man has already begun putting his imprint on the social network by...
