Tag: Elon Musk

Twitter valued at $20 billionE
Categories
March 26, 2023

Elon Musk Values Twitter AT $20 Billion In Employee Stock Option Offering!

Allegedly, Elon Musk offered Twitter employees stock grants at a $20 billion valuation, less than half the $44 billion Musk paid for the social media platform last year. This would, in theory, offer a significant upside if the company’s value recovers. However, Twitter will generate less than $3 billion in revenue this year. Considering Twitter’s $13 billion in debt, the $20 billion valuation implies a multiple of 11 times this year’s revenue to an implied enterprise value of $33 billion.
Read More
Elon Musk allegedly selling SpaceX shares to finance Twitter dealE
Categories
March 8, 2023

Elon Musk Expects Twitter To Turn Positive in Q2 2023 With Record User Numbers And A Payment Vision!

Speaking at a Morgan Stanley investor conference on Tuesday, Elon Musk said that Twitter could return to posting positive cash flow in Q2 2023. He is still planning to introduce payments to the platform, adding that he believed it was “possible to become the biggest financial institution in the world just by providing people with convenient payment options.” According to Financial Times, Twitter’s monetizable daily active users numbers had risen to 253 million, its highest ever.
Read More
FTC investigates Twitter under Elon MuskU
Categories
March 8, 2023

U.S. Regulator FTC Investigates Twitter Following Mass Lay-Offs!

The U.S. Federal Trade Commission (FTC) has demanded Twitter turn over internal communications related to owner Elon Musk, as well as detailed information about layoffs. The regulator said that it has concerns that staff reductions could compromise the company’s ability to protect users, documents viewed by the Wall Street Journal show. The FTC is also seeking to depose Musk.The demand letters were obtained by the Republican-led House Judiciary Committee.
Read More
PayPal became a social credit watchdogH
Categories
December 15, 2022

How Online Payment Pioneer Became A Black Mirror Episode? Will Twitter Become An Alternative?

PayPal pioneered new-generation online payment services almost 25 years ago. You could send and receive money simply and easily via your email address. It was a cheap alternative to credit cards and banks. PayPal was founded by today's tech giants Peter Thiel, David Sacks, Max Levchin, and Elon Musk. In recent years, PayPal has systematically earned a bad reputation. Musk refers to PayPal as a Black Mirror episode and indicates that Twitter might soon become an alternative.
Read More
Elon Musk Twitter and Vox PopuliV
Categories
December 5, 2022

Vox Populi: Elon Musk And His Poll On Pardoning Assange And Snowdon!

Elon Musk, the new Twitter owner and CEO, knows how to provoke. While the old Twitter management focused primarily on moderating tweets and topics, Musk continues to introduce provocative topics and put critical questions to the vote. Most recently, he asked whether Julian Assange and Edward Snowden, prosecuted by U.S. authorities, should be pardoned. Of the more than 3.3 million participants, more than 80% voted for pardon. An impressive poll, a great development.
Read More
Active users on Twitter at a record levelT
Categories
November 22, 2022

The Elon Musk-Twitter Impresses With All-Time High Of Active Users!

Mainstream media (MSM) outlets are writing Twitter dead after Elon Musk's $44 billion acquisition. There would now be too much chaos at the company. The reopening of prominent accounts such as Donald Trump (@realDonaldTrump) or Kanye West (@KanyeWest) has also caused outrage. The fact is that Twitter has never had as many active users as it has since Musk took over. In the last few weeks alone, 1.6 million active users were added.
Read More
Twitter registers as money services businessT
Categories
November 13, 2022

Twitter Registered As A Money Services Business With FinCEN!

Times could hardly be more turbulent. Elon Musk's $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Then there was the bankruptcy of Sam Bankman-Fried's crypto exchange FTX, which sent the crypto scene into an ice age. Now it is announced that Twitter has registered with the U.S. FinCen as a Money Service Business (MSB). Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability.
Read More
Tech winter and massive layoffsB
Categories
November 7, 2022

Brace For Recession: Large-Scale Layoffs At Meta Continues The Twitter Path!

Following the takeover by Elon Musk, Twitter announced the layoff of 50% of its 7,500-strong workforce. We forecasted that this would only be the beginning of a layoff tsunami on the road to a global recession. According to WSJ, Meta Platforms Inc., the parent company of Facebook and WhatsApp, is planning to begin large-scale layoffs this week. It could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic.
Read More
Elon Musk calls himself Twitter Complaint Hotline OperatorE
Categories
November 4, 2022

Elon Musk’s Tough Play For Twitter Profitability – Lock-Out And Mass Layoff

Elon Musk just last week acquired Twitter in a $44 billion deal after a long battle and has since fired much of its management. Among them are the CEO, Parag Agrawal, the chief financial officer, Ned Segal, and the legal affairs and policy chief, Vijaya Gadde. This Friday, the remaining employees will be locked out of the office. This happens against the background of a mass layoff. Allegedly, half of the approximately 7,500 employees will be terminated to make Twitter profitable.
Read More
Dogecoin rallied upon Twitter takeoverE
Categories
October 30, 2022

Elon Musk’s Twitter Takeover Also Freed Dogecoin And Inspired The Crypto Environment!

It was ultimately clear after weeks of disputes that Elon Musk would take over Twitter. Musk became Twitter’s owner late Thursday as his $44 billion deal to take over the company officially closed, marking a new era for one of the world’s most influential social media platforms. He announced it with the tweet, "The bird is freed" on Twitter. In parallel, the cryptocurrency Dogecoin, promoted by Musk, has also shot up again, pulling Bitcoin and Ether along with it.
Read More
Tesla massively sells carbon creditsN
Categories
October 30, 2022

Not A Green Company! Tesla Relies On Carbon Credit Sales To Produce Cash Flow!

Tesla, Elon Musk’s US$750 billion electric vehicle company, continues to earn huge profits on the carbon credit market. In the past five years, Tesla has earned over US$5bln by selling carbon credits. In the last trailing twelve months (TTM) alone, Tesla generated US$1.6 billion in revenues from selling carbon credits, comprising approximately 10% of its US$16.1billion earnings. However, these sales constituted over 50% of free cash flows in the latest quarter.
Read More
Elon Musk and the Twitter WhistleblowerW
Categories
August 25, 2022

Whistleblower Complaint Against Twitter May Be Good News For Elon Musk!

Twitter sued Elon Musk on July 12 in Delaware to force him to go through with his $44 billion takeover bid. Musk said he wanted out because the company hadn’t provided the necessary data and information he needed to assess the prevalence of fake or spam accounts on its platform. Musk later countersued, accusing Twitter of fraud for misrepresenting the condition of its business and key metrics about the users on its platform. A new whistleblower complaint against Twitter does not improve the company's position, to say the least.
Read More