EXPLAINED: Can Elon Musk Renegotiate a Lower Price For His Twitter Deal?
2 years, 7 months ago

EXPLAINED: Can Elon Musk Renegotiate a Lower Price For His Twitter Deal?

News 18  

Twitter Inc shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. That is halfway between the deal price and the price of the shares before Musk revealed he had amassed a stake in the social media company on April 4. Some investors, such as short seller Hindenburg Research, have speculated about whether Musk would try to negotiate a lower deal price before closing. He is contractually obligated to pay a $1 billion break-up fee, but Twitter would have to sue to get more than that in damages or try to force Musk to complete the deal.

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History of this topic

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
3 weeks, 6 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
1 month, 2 weeks ago

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale

Live Mint  

Can Elon Musk make a run at acquiring MSNBC? Musk, who hasn’t been shy about his criticisms of MSNBC, calling the network “utter scum of the Earth," fueled that story line in an exchange on X, the social-media platform he owns. “We are looking forward to the planned spin of our cable networks, which will create a new company owned …

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’
1 month, 2 weeks ago

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’

Hindustan Times  

Elon Musk, the Tesla CEO and SpaceX, has hinted that he might be considering purchasing MSNBC, a leftist cable news network. Elon Musk, the richest man in the world inquired, “How much does it cost?”, hinting at his plans to buy MSNBC. The richest man in the world inquired, “How much does it cost?” “The most entertaining outcome, especially if …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla shares surge 14% in premarket trading as Donald Trump claims US election win, hails ’super genius’ Elon Musk
2 months ago

Tesla shares surge 14% in premarket trading as Donald Trump claims US election win, hails ’super genius’ Elon Musk

Live Mint  

Shares of billionaire Elon Musk's Tesla surged 14.62 per cent to $288.38 as of 5:24 a.m. in the pre-market trading session on Wednesday, November 6, with the expectation of a win for Republican candidate and former US President Donald Trump. The shares started gaining momentum after Donald Trump appreciated Elon Musk at an election party in West Palm Beach, Fla., …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
2 months, 1 week ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
2 months, 1 week ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 4 weeks ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
6 months ago

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Hindustan Times  

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake. Investors in the proposed class action said Musk and his wealth manager Jared Birchall knew a U.S. Securities and Exchange …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
6 months ago

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024

Hindustan Times  

Elon Musk's net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes’ estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company's shareholders could raise Elon Musk’s fortunes. From December 31, 2023 to June 28, 2024, …

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report
7 months, 1 week ago

Elon Musk ‘secretly acquired’ Twitter stock before buying company, Morgan Stanley covered up: Report

Hindustan Times  

Elon Musk secretly acquired a major stake in Twitter in early 2022 before eventually buying the social media platform. The banker, who remains unidentified, offered Elon Musk and his business manager Jared Birchall regular updates on “trading strategies to avoid public detection” and “‘Money Saved’ by hiding these trades from the market,” the lawsuit showed. Elon Musk ended acquired a …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
8 months, 1 week ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
8 months, 1 week ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout
11 months, 1 week ago

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk may lose his position as the world’s richest person after a …

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes
1 year ago

X/Twitter is now worth less than a third of what Elon Musk bought it for, investor believes

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s X is worth less than a third of what he paid …

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.
1 year, 1 month ago

Elon Musk said something very rude and mean to advertisers. It’s because he wants Twitter to die.

Slate  

What does Elon Musk want with Twitter? Yes, Musk had said he didn’t “care about the economics at all” and that buying Twitter was a matter of his ideological commitment to free speech. Antagonizing his old advertisers points in the exact same direction that Musk’s boring endorsement of antisemitism pointed: He is no longer interested in salvaging Twitter as a …

Did Elon Musk break Twitter – or did Twitter break him?
1 year, 1 month ago

Did Elon Musk break Twitter – or did Twitter break him?

The Independent  

The bad news for Ben Mezrich and his book about Elon Musk’s “most controversial corporate takeover in history” is that Hollywood has just paid several million dollars for an Elon Musk biopic, directed by Darren Aronofsky, based on Walter Isaacson’s biography of the world’s richest man. In October 2022, having leveraged a modest 9 per cent shareholding into a quixotic …

Elon Musk bought Twitter one year ago. Here’s everything he broke there.
1 year, 2 months ago

Elon Musk bought Twitter one year ago. Here’s everything he broke there.

Slate  

He didn’t want to, but Elon Musk closed his purchase of Twitter one year ago. The lawyers representing Twitter’s outgoing board of directors were better than Musk’s—or, maybe more accurately, had a close-to-ironclad case against a reputably brilliant billionaire who tried to call “backsies!” on a contract he’d inked. Related From Slate The Elon Effect Is Real: Twitter Users Are …

One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
1 year, 2 months ago

One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets

Live Mint  

The banks that financed Elon Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets. Seven banks including Morgan Stanley, Bank of America and Barclays lent Musk around $13 billion to buy Twitter a year ago this coming Friday. But investor appetite for Twitter, which Musk has since renamed X, …

Elon Musk must face fraud lawsuit for disclosing Twitter stake late
1 year, 3 months ago

Elon Musk must face fraud lawsuit for disclosing Twitter stake late

The Hindu  

Elon Musk was ordered by a US judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too long to disclose that he had invested in the social media company, which he later bought and renamed X. In a decision made public on Monday, US District Judge Andrew Carter said shareholders in the …

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report
1 year, 4 months ago

Elon Musk took $1 billion loan from SpaceX while acquiring Twitter: Report

Live Mint  

Billionaire Elon Musk withdrew a loan of $1 billion from his two-decade-old company ‘SpaceX’ around the same time he was acquiring Twitter for $44 billion, according to a report published by the Wall Street Journal. Last October, SpaceX approved the $1 billion loan which was backed by some of Elon Musk's SpaceX stock. Elon Musk sold a massive chunk of …

The Real Story of Musk’s Twitter Takeover
1 year, 4 months ago

The Real Story of Musk’s Twitter Takeover

Live Mint  

In April 2022, things were going surprisingly well for Elon Musk. “Fixing Twitter by chatting with Parag won’t work," Musk answered. ‘I made an offer.’ Musk says that it became clear to him when he got to Hawaii that he would not be able to fix Twitter or turn it into X.com by going on the board: “I decided I …

Elon Musk: Twitter will not cut earnings for most users
1 year, 5 months ago

Elon Musk: Twitter will not cut earnings for most users

India TV News  

Elon Musk, the owner of X, recently introduced an ad revenue-sharing program to help creators earn money from their tweets. Musk expressed his discontent with Apple's 30% fee for in-app purchases made through the Twitter app on iOS devices during the first year, which reduces to 15% for subsequent years. Image Source : X APPElon Musk's Tweet X's new creator …

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction
1 year, 5 months ago

Column: Elon Musk has replaced Twitter with X — and an actual business with science fiction

LA Times  

Before Elon Musk entered the picture, Twitter had a real, and mostly sustainable business model. A reporter for TechCrunch, a website famous for reflecting Silicon Valley optimism, wrote, simply, “It’s trash.” The tech world spent the following days trying to read the tea leaves, to game out Musk’s plans and motives for overhauling — some would say desecrating — one …

Elon Musk loses $20 billion. Why? This price warning from Tesla
1 year, 5 months ago

Elon Musk loses $20 billion. Why? This price warning from Tesla

Hindustan Times  

Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling. The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault, the world’s two …

$44 billion and eight months later. It’s finally all over for Elon Musk
1 year, 5 months ago

$44 billion and eight months later. It’s finally all over for Elon Musk

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. In just five days, Threads, Meta’s …

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report
1 year, 5 months ago

Elon Musk is ‘distracted’, a ‘top risk’ for Tesla, say investors: Report

Hindustan Times  

Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally. Tesla CEO Elon Musk said July 15 that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the …

Elon Musk says Twitter has lost half its advertising revenue
1 year, 5 months ago

Elon Musk says Twitter has lost half its advertising revenue

The Hindu  

Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October. Earlier this month, Musk announced that Twitter was limiting verified accounts to reading 10,000 tweets a day, in a bid "to address extreme levels of data scraping" and "system manipulation" by third-party platforms. Twitter …

Elon Musk says Twitter cash flow still negative because…
1 year, 5 months ago

Elon Musk says Twitter cash flow still negative because…

Live Mint  

Elon Musk informed us about the strained financial situation of Twitter as the cash flow remains negative because of a nearly 50% drop in advertising revenue and huge debts. The development comes even as Elon Musk deployed aggressive cost-cutting measures after taking over the social media platform. While replying to a suggestion of recapitalization, Elon Musk said "Need to reach …

Twitter's cash flow still negative as ad revenue drops 50%: Elon Musk
1 year, 5 months ago

Twitter's cash flow still negative as ad revenue drops 50%: Elon Musk

Hindustan Times  

Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June. This is the latest sign that the aggressive cost-cutting measures since Musk acquired Twitter in October alone are not enough …

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
1 year, 6 months ago

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The Hindu  

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout …

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers
1 year, 6 months ago

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers

Associated Press  

Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries. Shares jumped 7% to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year. Shares were …

Twitter may be worth one-third what Musk paid for it last fall as Fidelity fund marks down value
1 year, 7 months ago

Twitter may be worth one-third what Musk paid for it last fall as Fidelity fund marks down value

Associated Press  

Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago. The Fidelity Blue Chip Growth Fund has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 million. By April Musk was telling the BBC that running Twitter has been “ …

Twitter has lost two-thirds of its value since Elon Musk purchased it in 2022
1 year, 7 months ago

Twitter has lost two-thirds of its value since Elon Musk purchased it in 2022

Daily Mail  

The app continues to be in the headlines as most recently Alexandria Ocasio Cortez said she will leave if Musk engages with fake accounts mocking her Fidelity, whose stake was valued at $19.66 million when Musk took ownership, now says it's worth a measly $6.55 million as of April 28 A Fidelity valuation of its stake in Twitter indicates the …

Twitter's value plummets by two-thirds - Musk's costly acquisition takes a hit: Report
1 year, 7 months ago

Twitter's value plummets by two-thirds - Musk's costly acquisition takes a hit: Report

Hindustan Times  

Twitter's worth has dropped to one-third of what Elon Musk and his co-investors spent to acquire the social media network last year, according to financial services giant Fidelity. According to Fidelity's most recent monthly portfolio valuation report, Twitter is valued at only $15 billion, a minuscule fraction of the $44 billion acquisition price. Fidelity's Twitter stock, valued at approximately $6.55 …

Fidelity fund downgrades its Twitter stake once more
1 year, 7 months ago

Fidelity fund downgrades its Twitter stake once more

The Hindu  

A Fidelity fund has again downgraded its stake in the Elon Musk-owned social media platform Twitter, bringing the value down to around one third of what the billionaire paid for the company, reported Bloomberg. This is the third time Fidelity has lowered the value of its stake in Twitter after Musk took over the company in October. The value of …

Twitter Is Now Worth Just 33% of Elon Musk's Purchase Price
1 year, 7 months ago

Twitter Is Now Worth Just 33% of Elon Musk's Purchase Price

Deccan Chronicle  

Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. …

Twitter may be worth only a third of its pre-Musk value, Fidelity says
1 year, 7 months ago

Twitter may be worth only a third of its pre-Musk value, Fidelity says

CNN  

Washington CNN — A Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. According to a monthly disclosure, Fidelity’s Blue Chip Growth Fund reported that its stake in Twitter was worth …

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same
1 year, 7 months ago

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same

India Today  

Twitter and Tesla owner Elon Musk suggests that big tech companies should cut jobs to increase the value of work and productivity. He notes that in most companies, there are workers who "help move things forward" and employees "who try to slam the brakes on," adding that nine out of ten people at Twitter dropped productivity. More workers got laid …

Elon Musk accepts mistake in firing Twitter employees en masse, will rehire some people
1 year, 7 months ago

Elon Musk accepts mistake in firing Twitter employees en masse, will rehire some people

Firstpost  

Since taking over Twitter, Elon Musk has implemented significant changes to the ethos at Twitter, which included reducing the headcount by almost 90 per cent. Musk acknowledged that the decision to rapidly downsize was a result of the company’s dire financial situation, stating, “In desperate times, desperate measures are called for… Unfortunately, when you do it quickly, some innocent people …

Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise
1 year, 7 months ago

Musk says he's not stepping down as Tesla CEO, tells shareholders the company will advertise

The Hindu  

Elon Musk on May 16 dismissed speculation that he might step down as Tesla's CEO and told the company’s annual shareholders meeting that the electric car and solar panel company would start doing some advertising. “We'll try a little advertising and see how it goes.” Tesla famously has avoided paying for advertising like its competitors, relying a lot on Mr. …

This day last year, Musk offered to buy Twitter. Timeline of what happened next
1 year, 8 months ago

This day last year, Musk offered to buy Twitter. Timeline of what happened next

Hindustan Times  

Elon Musk is the owner of Twitter, and leaves no stone unturned to flaunt that he owns it. April 25, 2022: The social media platform accepts Musk's offer and announces the deal valuation at $44 billion. July 19, 2022: Delaware court says that trial in lawsuit by Twitter against Musk should take place in October. October 4, 2022: Musk proposes …

Musk says owning Twitter ‘painful’ but needed to be done
1 year, 8 months ago

Musk says owning Twitter ‘painful’ but needed to be done

Associated Press  

LONDON — Billionaire Elon Musk has told the BBC that running Twitter has been “quite painful” but that the social media company is now roughly breaking even after he acquired it late last year. After buying Twitter for $44 billion last year, Musk’s changes included eliminating the company’s communiciations department. Musk predicted that Twitter could become “cash flow positive” in …

Elon Musk defends paid Twitter on eve of blue tick deadline
1 year, 9 months ago

Elon Musk defends paid Twitter on eve of blue tick deadline

Hindustan Times  

Elon Musk on Friday defended his controversial pay model for Twitter, claiming that any social media platform that didn't follow suit would fail because they would be swarmed by bots. Musk made his prediction on the eve of Twitter's April 1 ultimatum that verified accounts with the cherished blue tick that had not forked over cash would lose it. Already …

Elon Musk bought Twitter for $44bn five months ago. He says its value now is…
1 year, 9 months ago

Elon Musk bought Twitter for $44bn five months ago. He says its value now is…

Hindustan Times  

Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media. Twitter CEO Elon Musk The email to employees referred to a new stock compensation program in the San Francisco-based company and …

Elon Musk bought Twitter 5 months ago for $44 billion and now it is $20 bn company, here is what happened
1 year, 9 months ago

Elon Musk bought Twitter 5 months ago for $44 billion and now it is $20 bn company, here is what happened

India Today  

Whether you accept it or not, Elon Musk and his Twitter purchase deal have been the most talked-about topic in the last six months. In fact, Musk bought Twitter for $44 billion after months of negotiation, but today the company's value is only $20 billion, which is less than half of the original price. While what happens at the end …

Elon Musk puts $20 billion value on Twitter, says report
1 year, 9 months ago

Elon Musk puts $20 billion value on Twitter, says report

Firstpost  

Musk said in December that Twitter is on track to be ‘roughly cash flow break-even’ in 2023 as top advertisers slashed their spending on the social media platform after the billionaire’s takeover Twitter Inc CEO Elon Musk has offered the social-media company’s employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person …

Twitter's revenue, adjusted earnings drop about 40% in December
1 year, 10 months ago

Twitter's revenue, adjusted earnings drop about 40% in December

The Hindu  

Twitter Inc. reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report comes after several advertisers slashed their spending on the social-media platform after Elon Musk took charge of the company on October 27, resulting in a …

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