Social media
Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter of 2022, in what […]
Read More
Musk is not supposed to disparage Twitter while trying to buy it. He’s doing it anyway.
Elon Musk may tweet about the Twitter deal but not “disparage the company or any of its representatives,” according to a securities filing. Jakub Porzycki | Nurphoto | Getty Images Less than 48 hours after Elon Musk and Twitter went public with their $44 billion deal to take the company private, Musk has continued to […]
Read More
Facebook shares spike on better-than-expected quarterly earnings
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Shares of Facebook parent Meta jumped 15% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings […]
Read More
Pinterest jumps after earnings beat
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest jumped in after-hours trading Wednesday after the social media company reported first quarter 2022 earnings that beat analyst expectations. The stock was up more than 6%. Here’s how Pinterest did versus Refinitiv […]
Read More
Spotify falls 11% on first quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid what’s been a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs an estimated loss of 24 […]
Read More
Apple now lets you buy parts so you can fix your iPhone yourself
Apple opened its “Self Service Repair” online store on Wednesday as the right to repair movement has put pressure on U.S. regulators to give consumers more control over their products. The new program, first announced in November, will offer customers more than 200 parts and tools customers can use to repair the iPhone 12, iPhone […]
Read More
Twitter says mass deactivations after Musk news were ‘organic’
In this photo illustration, the Twitter logo is displayed on the screen of the phone, with Elon Musk’s Twitter account in the background. Twitter was flooded with user reports of high-profile accounts losing thousands of followers in the hours after news broke that Tesla CEO Elon Musk would purchase the social network. Sheldon Cooper/SOPA Images […]
Read More
Elon Musk will owe Twitter $1 billion if he can’t secure financing
In this photo illustration Elon Musk Twitter seen displayed on a smartphone screen with Twitter logo in the background in Chania, Crete Island, Greece on April 23, 2022. Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk, CEO of SpaceX and Tesla, could be required to pay Twitter a termination fee of $1 billion, under […]
Read More
Tesla stock falls more than 10% after Musk’s Twitter deal
A Tesla store is seen in Shanghai, China, Feb 1, 2022. Costfoto | Future Publishing | Getty Images Tesla stock was down more than 10% in the morning as the tech-heavy Nasdaq Composite slipped about 3.2%. Other mega-cap tech stocks like Apple, Amazon, Google and Facebook parent Meta were also down between 2% and 4%. […]
Read More
Twitter will have a ‘hard time’ keeping Trump off if he runs in 2024, says Rep. Khanna
US Representative Ro Khanna, Democrat of California, speaks during a press conference following a vote in the US House on ending US military involvement in the war in Yemen, on Capitol Hill in Washington, DC, April 4, 2019. Saul Loeb | AFP | Getty Images Though Elon Musk’s deal to purchase Twitter has renewed questions […]
Read More