X (Twitter)
Social platform, xAI and SpaceX owned · Austin
- Founded
- 2006
- Entered
- 2006
- Status 2026
- Active
- Metro
- Austin
- Embeddedness
- 2 connections
- Confidence
- verified · strongest source primary or company
Method
Twitter launches in 2006 in San Francisco, buys Vine in October 2012 for a reported 30 million dollars and closes it in January 2017 after refusing to pay its top creators. Elon Musk completes his 44 billion dollar purchase in October 2022 and renames the company X in July 2023. Ads revenue sharing for Premium subscribers launches in July 2023 and switches to engagement based payouts in October 2024. On March 28, 2025 Musk announces that xAI has acquired X in an all stock deal valuing X at 33 billion dollars and the combination at 113 billion dollars, and SpaceX acquires xAI on February 2, 2026 in a deal reported at 1.25 trillion dollars for the combined company, the sixth ownership change for the platform. Headquarters move from San Francisco to Bastrop, Texas near Austin. Linda Yaccarino serves as CEO from June 2023 until July 2025.
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The path: money and goods moving
- acquiredVineTwitter buys Vine for a reported 30 million dollars in October 2012 and shuts the app in January 2017.2012
Influence
- copied byClubhouseTwitter launches Spaces in late 2020 as a copy of Clubhouse's audio rooms, one of the clones that ends Clubhouse's growth. (partly verified)2020 to 2021