Tag: Twitter

BUSINESS

Twitter Offices On Lockdown Temporarily

Twitter has told employees that the company’s office buildings will be temporarily closed, with immediate effect. Workers were told that the offices would reopen on Monday, November 21. It did not give a reason for the move. The announcement comes amid reports that large numbers of staff were quitting after new owner Elon Musk called on them to sign up […]

BUSINESS

Musk Completes $44 Billion Twitter Deal

Twitter has confirmed in a securities filing that Elon Musk has completed his $44 billion acquisition of the company. This has put the world’s richest man in charge of one of the world’s most influential social media platforms. Twitter said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York […]

NEWS

Ukrainian Forces Recapture Key City In Eastern Ukraine

Ukrainian forces recaptured the key eastern city of Lyman in Ukraine’s Donetsk region, sending Russian soldiers fleeing the area a day after Moscow annexed the region, along with three other territories in eastern and southeastern Ukraine. Ukraine’s Defense Ministry said Saturday its forces were “entering Lyman.”“Ukrainian Air Assault Forces are entering Lyman, Donetsk region,” the ministry said on Twitter. Hours […]

BUSINESS

Elon Musk Gets Shareholders’ Vote For Twitter Takeover

Twitter shareholders endorsed Elon Musk’s takeover of the company’s platform, billed at $44 billion, at a value of $54.20 per share. The company’s stock opened at just under $41 per share, nearly 25% below the deal price. The vote came days after Musk’s third letter to Twitter seeking to terminate their deal, with this one pegged to a purported $7.75 […]

BUSINESS

Twitter Cries Foul

Twitter is claiming a spend of $33m on Elon Musk’s proposed deal to buy the firm between April and June 2022 has set back the company. It noted that its number of monthly daily users had risen to 237m, albeit it suffered a net loss of $270m, which was worse than expected. Musk had earlier announced he would be terminating […]

BUSINESS

Musk Sends Twitter Stock Price Fluttering

Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of […]

BUSINESS

A Lot Of Glee As Twitter Seeks To Set Trump Free

Former President Trump may soon see his Twitter account restored once Elon Musk achieves his goal of taking full control of the social media platform. Musk, the reputed billionaire, has set plans in motion to purchase Twitter for $44 billion. Musk had posited earlier that Twitter should be more “reluctant to delete things” and “very cautious with permanent bans.” He […]

BUSINESS

Judge Tosses Trump’s Lawsuit In Twitter Case

According to press reports, a San Francisco judge threw out former President Donald Trump’s lawsuit challenging his permanent ban from Twitter. The report said the U.S. District Judge James Donato charged that former President Trump failed to show Twitter violated his First Amendment right to free speech. It also noted Mr. Trump failed to show that Twitter was working as […]

BUSINESS

Twitter Gets Income Squeeze

Twitter’s payout of $809.5 million to settle a long-running lawsuit impacted negatively on its bottom line in its quarterly report ending September. The social media firm was accused of misleading investors over user engagement in 2015. Despite this one-off charge, its quarterly revenue grew 37 percent as it managed to shrug off the impact from Apple’s privacy changes which hit […]

NEWS

India Tells Twitter Take Down Tweet Amid COVID-19 Crisis

In fear of sparking a panic, the government in India has ordered social media platform Twitter to remove posts critical of its handling of the COVID-19 crisis. A Twitter spokesperson confirmed it had blocked some material from being viewed in India. “We cannot allow fake news that harms the country,” BJP national spokesperson Gopal Agarwal reportedly told the BBC.    The […]