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On July 19, judge Kathaleen McCormick ruled that the trial would last for five days in October, [115] [116] with Twitter seeking an October 10 start date. [117] During its quarterly earnings investor call on July 22, Twitter cited the "chaos" caused by the proposal as the primary factor for its decline in revenue. [118]
On July 23, 2023, Musk announced X's launch, which would replace Twitter, which started when the X.com domain (formerly associated with PayPal) began redirecting to Twitter; [3] the logo was changed from the bird to the X the next day, [34] and the platform's official main and associated accounts also began using the letter X within their handles. [35]
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
Twitter reported revenue of $361 million for the quarter ending on Sept. 30, versus $163.6 million a year earlier, beating analysts' estimates.Nevertheless, the stock fell after the results came ...
The social media giant reported a rise in first-quarter earnings to 513 million US dollars (£405 million), but revenues missed forecasts.
An SEC rule requires investors to disclose within 10 calendar days, or by March 24, 2022 in Musk's case, when they cross a 5% ownership threshold. ... 2022, by which time he owned a 9.2% stake ...
On average, they are made about 20 calendar days before the scheduled announcement or Earnings Call. [2] There are now usually a few hundred such preannouncements every quarter. The period during which preannouncements tend to be made is sometimes called the "confessional season" because so many of them are bad news.
Twitter beat expectations for both revenue and earnings, but the company confirmed it plans to lay off 9% of its workforce as it looks to cut costs. Twitter beats on revenue and earnings but ...