Musk completes Twitter acquisition and takes over as CEO

Original link: https://www.munue.com/356.html

The world’s richest man, Elon Musk, announced on Monday that he will take over as Twitter’s CEO after completing his acquisition of Twitter. On October 27th, Musk bought Twitter for $44 billion, putting an end to a back-and-forth takeover. Twitter’s shares, which will cease trading on Nov. 8, will be delisted; the company’s shares have grown an average of 8.4% annually in the nine years since they went public, less than double-digit gains for the S&P and Nasdaq over the same period. …

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