Elon Musk, the owner of Twitter and the founder of Tesla and SpaceX, has announced that he will step down as the CEO of the social media platform and hand over the reins to a new leader. Musk tweeted on Thursday that he has hired a new CEO for Twitter, but did not reveal the…
Tag: Twitter
Elon Musk offers to buy Twitter for $43 billion
Elon Musk has made an offer of $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion to acquire Twitter Inc.. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday….
Twitter buys minority stake in Aleph
NEW YORK: Twitter Inc. has acquired a minority stake in Aleph Group Inc. Aleph did not reveal any financial terms of the investment but said Twitter’s stake buy would help the company expand its educational tech platform. Emerging markets-focused Aleph, which helps large digital platforms connect with advertisers and customers, counts Meta Platforms Inc (FB.O) Spotify…
Twitter sells MoPub to AppLovin for $1.05bn
NEW YORK: Twitter has completed the sale of its mobile ad platform, MoPub, to the mobile game maker and marketing software provider AppLovin for $1.05 billion in cash. The deal was first announced in October 2021, following Twitter’s reveal of its plan to double its revenue by 2023 to reach $7.5 billion or more. While…
Who are the users of different social media platforms?
Not all platforms are suitable for all users. Social media has allowed for mass cultural exchange and intercultural communication. But, every social media platform has its own taste, theme and purpose for its users. There is sufficient criticisms of social media ranging from criticisms of the ease of use of specific platforms and their capabilities,…