The former CEO Jack Dorsey has moved in his entire portion of Twitter shares which are worth almost $1bn at the buyout price of $54.20.
The former CEO Jack Dorsey has moved in his entire portion of Twitter shares which are worth almost $1bn at the buyout price of $54.20.
Hence, this move makes Dorsey one of the biggest shareholders on the famous social media platform.
Hence, this move makes Dorsey one of the biggest shareholders on the famous social media platform.
This move comes as Elon Musk has marked his arrival by firing Twitter's top executives, including Parag Agrawal.
This move comes as Elon Musk has marked his arrival by firing Twitter's top executives, including Parag Agrawal.
Furthermore, Musk plans to have broader lay-offs and create a membership for social media verified accounts
Furthermore, Musk plans to have broader lay-offs and create a membership for social media verified accounts
We witnessed the ending of Elon Musk Twitter controversy as the richest man in the world purchased Twitter on Monday.
We witnessed the ending of Elon Musk Twitter controversy as the richest man in the world purchased Twitter on Monday.
He is supported by a group of strong people, such as venture capitalist David Sacks and his lawyer Alex Spiro.
He is supported by a group of strong people, such as venture capitalist David Sacks and his lawyer Alex Spiro.
Moreover, Jack Dorsey trusts Elon Musk as he referred to him as "the singular solution he trusts."
Moreover, Jack Dorsey trusts Elon Musk as he referred to him as "the singular solution he trusts."
Interestingly, Dorsey has tried bringing Musk on to the Twitter board, but the director refused the idea.
Interestingly, Dorsey has tried bringing Musk on to the Twitter board, but the director refused the idea.
Dorsey left the social media platform board in May 2022, weeks after it announced the sale to Musk for $44bn.
Dorsey left the social media platform board in May 2022, weeks after it announced the sale to Musk for $44bn.
Therefore, it could indicate that the Jack Dorsey - Elon Musk pair were working together on the buyout.
Therefore, it could indicate that the Jack Dorsey - Elon Musk pair were working together on the buyout.
Twitter rivals like Meta and Snap saw a collapse in stock prices this year.
Besides knowing who owns Twitter, it's also good to understand what's happening behind the desk.
Twitter rivals like Meta and Snap saw a collapse in stock prices this year.
Besides knowing who owns Twitter, it's also good to understand what's happening behind the desk.
Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia also rolled over 3.5 percent shares into the new private company.
Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia also rolled over 3.5 percent shares into the new private company.