On April 4th, 2022, we realized that Musk had bought sufficient shares of Twitter to change into its largest particular person shareholder. Finally, he adopted up with an unsolicited provide to purchase one hundred pc of Twitter’s shares for $54.20 every, or about $44 billion. Twitter accepted Musk’s provide, 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 function of CEO in Might 2023, putting in longtime NBCUniversal advert govt Linda Yaccarino.
