On April 4th, 2022, we discovered that Musk had bought sufficient shares of Twitter to turn into its largest particular person shareholder. Ultimately, he adopted up with an unsolicited supply to purchase 100% of Twitter’s shares for $54.20 every, or about $44 billion. Twitter accepted Musk’s offer, however then issues acquired bizarre as a result of he tried to cancel the deal.
Since then, there have been layoffs, extra layoffs, and much more layoffs — plus drama over Substack, unpaid payments, and blue checkmarks. With advert income nonetheless down from earlier years, Elon lastly abdicated the position of CEO in Could 2023, putting in longtime NBCUniversal ad executive Linda Yaccarino.
