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The social media giant reported a rise in first-quarter earnings to 513 million US dollars (£405 million), but revenues missed forecasts.
In July, Musk announced his intention to terminate the agreement, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts. The company filed a lawsuit against Musk in the Delaware Court of Chancery shortly thereafter, with a trial scheduled for the week of October 17. Weeks before the trial was set to ...
Established by Elon Musk in 2023 as the successor to Twitter, Inc., it is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X (formerly known as Twitter), and has announced plans to use it as a base for other offerings. While the official name of the company and ...
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 ...
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, [37] and the platform's official main and associated accounts also began using the letter X within their handles. [38]
The US central bank will announce its latest monetary policy decision at 2 p.m. ET on Wednesday with Fed Chair Jay Powell set to hold a press conference a half hour later. ... Last week, earnings ...
The Twitter Files are a series of releases of select internal Twitter, Inc. documents published from December 2022 through March 2023 on Twitter.CEO Elon Musk gave the documents to journalists Matt Taibbi, Bari Weiss, Lee Fang, and authors Michael Shellenberger, David Zweig and Alex Berenson shortly after he acquired Twitter on October 27, 2022.
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 ...