# Musk closes the acquisition of Twitter and begins restructuring the platform

Date: 2022

On 27 October 2022, [Elon Musk](/people/elon-musk) completed his acquisition of Twitter. The company was later renamed X, and the change in ownership was followed by large staff reductions and a rollback or revision of multiple moderation and platform-governance practices. The fact is the ownership transfer and the subsequent restructuring under Musk's control, not a generalized claim about every later piece of content on the service. The acquisition and its immediate operational consequences are documented in the transaction history.

## Sources

- https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk
- https://en.wikipedia.org/wiki/Twitter,_Inc.

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/musk-closes-twitter-acquisition-2022