![]() Twitter went public in November 2013 and is ranked as one of the largest internet companies in the United States with a market capitalization of 28.93 billion U.S. Overall, the majority of Twitter’s revenues were generated via advertising, with a small portion being generated through data licensing. ![]() dollars and the company incurred a net loss of 221 million U.S. In 2021, Twitter’s revenue amounted to over 5 billion U.S. Musk previously stated his views that the platform does not support the principles of freedom of speech, and looks to make alterations to the platform, such as changes to current regulations, open-source algorithms, and the eradication of fake accounts. By the end of April, following a shock bid, the Twitter board agreed to sell the company to Musk for 44 billion U.S. dollars, making him the top shareholder of the company. In early April 2022, tech billionaire and prolific Twitter user Elon Musk made headlines when disclosing his recent acquisition of a 9.1 percent stake in Twitter, worth almost 3 billion U.S.
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