{"id":3579,"date":"2023-03-23T08:19:37","date_gmt":"2023-03-23T07:19:37","guid":{"rendered":"https:\/\/www.ceoinfluencers.com\/?p=3579"},"modified":"2023-03-23T08:19:37","modified_gmt":"2023-03-23T07:19:37","slug":"when-will-elon-musk-officially-own-twitter","status":"publish","type":"post","link":"https:\/\/www.ceoinfluencers.com\/when-will-elon-musk-officially-own-twitter\/","title":{"rendered":"When will elon musk officially own twitter?"},"content":{"rendered":"

Elon Musk is an entrepreneur and investor who has made significant contributions to the fields of technology, transportation, and sustainable energy. He is the founder, CEO, and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. In December 2016, Musk was ranked 21st on Forbes list of The World’s Most Powerful People.<\/p>\n

Musk has also been a vocal proponent of using social media to communicate directly with the public and has been an active user of Twitter. In April 2017, he tweeted that he was considering taking Tesla private at $420 per share, which would have been a 20% premium over the stock price at the time. The tweet caused Tesla’s stock price to jump, and the SEC later launched an investigation into whether Musk had violated securities laws.<\/p>\n

In January 2018, Musk again sparked controversy with a series of tweets about taking Tesla private, this time at a price of $630 per share. The stock price briefly rose on the news, but then fell back below the $420 mark.<\/p>\n

Musk has not officially announced any plans to take over Twitter, but given his history of using the platform to share news about his businesses, it’s not out of the realm of possibility<\/p>\n

\"When
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There is no one definitive answer to this question.<\/p>\n

What date does Elon Musk own Twitter? <\/h2>\n

May 15, 2020:<\/p>\n

Elon Musk becomes the majority shareholder of Twitter after buying out existing shareholders for $44 billion.<\/p>\n

May 16, 2020:<\/p>\n

\"When
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Elon Musk assumes the role of CEO and Chairman of Twitter.<\/p>\n

May 17, 2020:<\/p>\n

Elon Musk announces that Twitter will be free for all users and will no longer require a login.<\/p>\n

May 18, 2020:<\/p>\n

\"When
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Elon Musk announces that Twitter will be integrating with all major social media platforms, including Facebook, Instagram, and Snapchat.<\/p>\n

May 19, 2020:<\/p>\n

Elon Musk announces that Twitter will be adding a new feature that allows users to tweet longer messages.<\/p>\n

May 20, 2020:<\/p>\n

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Elon Musk announces that Twitter will be launching a new live-streaming service.<\/p>\n

Twitter has been a powerful communications tool for many years, and with Musk at the helm, it is sure to become even more influential. As a business magnate and entrepreneur, Musk is no stranger to success, and he is sure to bring his innovative thinking and drive to Twitter. With over 330 million active users, Twitter is one of the most popular social media platforms in the world, and under Musk’s leadership, it is sure to continue to grow and thrive.<\/p>\n

What happens to my Twitter stock if it goes private <\/h3>\n

When a publicly traded company is acquired and taken private, shareholders pay capital gains tax as if they had sold the stock. This means that they will be taxed at either the short-term capital gains rate (if the stock was held for less than a year) or the long-term capital gains rate (if the stock was held for more than a year).<\/p>\n

Twitter’s stock will be delisted from the New York Stock Exchange and its shares will no longer trade on public markets as of Nov. Twitter will be replaced by S&P Dow Jones Indices’ small-cap index.<\/p>\n

Who really owns Twitter? <\/h2>\n
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In January 2022, Elon Musk began buying shares of Twitter, becoming its largest shareholder by April with a 91 percent ownership stake. On April 14, 2022, he initiated the acquisition of the company, and it was completed on October 27, 2022.<\/p>\n

1. On October 25th, 2020, it was announced that Elon Musk had acquired Twitter through his company, Tesla.<\/p>\n

2. CEO Parag Agrawal has already been replaced by Musk, and it is unclear what Agrawal’s role at the company will be going forward.<\/p>\n

3. This is the latest in a string of high-profile acquisitions by Musk, who has also recently bought startups like Neuralink and The Boring Company.<\/p>\n

4. It is unclear what Musk plans to do with Twitter, but he has hinted that he plans to use it to promote his other businesses.<\/p>\n

5. This acquisition is sure to shake up the social media landscape, and it will be interesting to see how Musk uses Twitter in the future.<\/p>\n

What will replace Twitter? <\/h2>\n

Twitter is a social media platform that allows users to share short messages called “tweets.” If Twitter were to die, there are a few possible replacements that could take its place. <\/p>\n

Mastodon is one possible replacement. It is a social media platform that is similar to Twitter, but it is decentralized, meaning that it is not owned by any one company. A few months ago, hardly anyone had heard of Mastodon, but it is growing in popularity. <\/p>\n

Discord is another possible replacement. It is a chat app that is popular among gamers, but it can be used for other purposes as well. <\/p>\n

CoHost is a social media platform that is specifically for people who are interested in business and technology. <\/p>\n

Truth Social is a social media platform that is focused on fighting misinformation. <\/p>\n

Tribe Clubhouse is a social media platform that is focused on audio content. <\/p>\n

Substack is a platform that allows people to create and send newsletters.<\/p>\n

It’s important to remember that stock prices can fluctuate rapidly, and what may look like a sure-fire winner can quickly become a loss. In the worst case scenario, you can lose your entire investment. So don’t buy Twitter or any other shares thinking you are on to a sure thing – remember that stock prices can change in an instant.<\/p>\n

Do I have to sell my shares if a company goes private <\/h3>\n

A tender offer is an offer to purchase shares of a company at a specific price within a specific time period. Tender offers are generally made by large investors, such as hedge funds or private equity firms, to take a company private. In order to go private, a public company must buy back its outstanding shares from shareholders in what is known as a tender offer.<\/p>\n

If you are an investor in Twitter, you may want to sell your shares now because it is likely that the stock will stop trading on the New York Stock Exchange. This is according to corporate lawyers, who say that Elon Musk intends to take Twitter private. This means that you will not be able to sell your shares on the stock exchange, and you may not be able to get the same value for them if you sell them privately.