Twitter's earnings beat analyst expectations, following the company's $44 billion sale to Elon Musk.
SAN FRANCISCO — Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after, offered scant details about what it expects on the financial front for the rest of the year.
Twitter reported an average of 229 million daily active users in the quarter, which was about 14 million more than a revised 214.7 million daily users in the previous quarter. Musk, who paid $54.20 for each outstanding share of Twitter, did not speak publicly on the quarterly report from his new company, perhaps among its last as a publicly traded entity.
Musk, who also runs the electric car company Tesla, as well as SpaceX and other ventures, says he plans to take Twitter private. If he does, the company will no longer be beholden to shareholders or publicly report its financial results, which have been mixed at best since the company went public in 2013.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ari Melber fears Elon Musk will run Twitter just like Twitter has run for years.Twitter and Facebook have operated for years in the manner AriMelber described, but he didn't notice because they were part of his team, writes ZacharyFaria. 'Now, Musk buying Twitter is a five-alarm fire.'
Read more »
Twitter exec suggests Elon Musk, other critics are misogynistsA top Twitter executive has suggested that many of the platform’s critics — including soon-to-be owner Elon Musk — are merely misogynists.
Read more »
The Elon Musk-Twitter Deal is Already Bearing Adverse Effects For All InvolvedFollower count fluctuation, the tanking of Tesla stock and multiple potential violations of the Elon Musk-Twitter merger agreement defined the days following news of the Tesla CEO's purchase of Twitter.
Read more »
Josh Hawley urges Elon Musk to investigate Twitter employeesThe Republican senator called on Musk to conduct a public audit of his new company's practices.
Read more »
Elon Musk boosts criticism of Twitter executives, prompting online attacksThe targeting of employees by Musk’s massive Twitter megaphone is a major concern for workers.
Read more »