excitement It will not be listed on the New York Stock Exchange on November 8.according to a notice passed on to the stock market regulator this Friday.
actions social network it will disappear from the market after this thursday Sale to billionaire Elon Musk will be closed, to put an end to a months-long adventure.
From the beginning, Musk has made it clear that he intends to turn Twitter into a private company.companies that are subject to less scrutiny by regulators and have an obligation to provide less information about their movements and performance, as opposed to listed companies.
In a statement this Friday The merger between Twitter and X Holdings has been approved andThe tool created by Musk to carry out the operation and will officially own all the titles of the social network.
According to some mainstream press media in the United States, Musk’s first action after taking the reins of the company was, firing some of its top executives, including CEO Parag Agrawal; Ned Segal, Chief Financial Officer, and Vijaya Gadde, Chief Policy and Legal Officer.
Also, various sources indicate that: Musk plans to get rid of 75% of the staff working at Twitter. currently costs approx. 7.500 people, until they quit at about 2,000 workers.