Tag: Twitter

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 […]

BUSINESS

Twitter Set To Double Revenue In 2023

Twitter in a report said it’s looking to double annual revenue to at least $7.5 billion and reach 315 million users in 2023. On the back of that announcement the company’s share climbed by more than 8%. Twitter also said it will increase the number of features to generate an increase revenue and users. The social media platform has been […]

NEWS

Biden Gets New Twitter Account

U.S. President-elect Joe Biden will get his official tweet going as President following his inauguration next week. However, his new official Twitter account will start with zero followers. This move is a marked change from the last transition, where the incoming President inherited an account with millions of followers. Donald Trump inherited the Potus account with about 13 million or […]

NEWS

President Trump Unplugged

Jack Dorsey of Twitter and Mark Zuckerberg of Facebook have decided to unplug President Trump from their social media platform. “After close review of recent Tweets from the @realDonaldTrump account and the context around them — specifically how they are being received and interpreted on and off Twitter — we have permanently suspended the account due to the risk of […]