Twitter Shares Jump 25% As Tesla CEO Elon Musk Adds 9% Position in the Company
(CNBC) Shares of the social media giant rose more than 25% in premarket on Monday after Tesla CEO Elon Musk bought around 9% of stake in the company. The total…
Twitter Announces Support for Ethereum Addresses as Tipping Option for Users
(Twitter) Social media giant Twitter has started allowing users to add Ethereum addresses to tip content creators. The announcement comes some months after Twitter rolled out bitcoin tips through the…
Twitter’s Earnings in Q421 Misses Estimates but Affirms Goal to Reach 315M DAUs
(Twitter) Twitter reported a revenue of $1.57 billion in the fourth quarter of 2021, up 22% from the prior year but below estimates of $1.58 billion. Growth in advertiser demand…
Twitter Acquires Messaging Service Quill as it Diversifies From Ad-Based Model
(Twitter) Twitter’s new CEO Nick Caldwell has announced the acquisition of Quill, a business messaging service, in a move seen to diversify from its ad-based model. Following the deal, Quill…
Twitter Jumps on News CEO Dorsey is Stepping Down
(CNBC) The Twitter stock traded up more than 5% in premarket on Monday following news that the CEO Jack Dorsey was stepping down. Dorsey, who serves as the CEO of…
Twitter Establishes Team to Develop Crypto, DeFi Solutions
(CryptoPotato) Social media giant Twitter is establishing a team that will focus on developing solutions for cryptocurrencies, and other decentralized technologies. The team will be led by Engineer Tess Rinearson,…
Twitter Community Wants Elon Musk to Sell 10% of Stake in Tesla
(Twitter) 58% of 3.5 million Twitter users support Elon’s Musk’s idea of selling a 10% stake in Tesla valued at $21 billion. In a poll conducted over the weekend by…
Google and Twitter Leads Tech Companies Seeking to Boost Diversity in Silicon Valley
(Bloomberg) Google, Twitter Inc., and Snap Inc are among other major tech firms joining hands in push for more workplace diversity in Silicon Valley. The firms announced the Catalyze Tech…
Twitter’s Revenue Exceed Estimates to Jump by 74% YOY on Ad Revamp
(Twitter) Social media company Twitter Inc. recorded a revenue of $1.19 billion in the second quarter, a 74% rise year over year, and above estimated $1.07 billion. Ad revenue made…
Facebook vs. Twitter Analysis: Which Social Media Giant Will Outperform?
While Facebook and Twitter are both categorized as social media technology stocks, they have a vastly different business model. Tech giants primarily earn their revenues from advertising, but that is…
Twitter’s Revenues Climb 28% YOY in Q1 on Strengths in Brand Advertising
Twitter recorded a revenue of $1.04 billion, a gain of 28% year over year, according to the company’s press release. Revenue was fueled by robust brand advertising in March and…
Twitter Eyes 100% Revenue Growth In 2023
Social media platform Twitter Inc. expects to double its annual revenue to at least $7.5 billion in 2023 from $3.7 billion in 2020, the company announced in a filing to…