Tag: Twitter

Elon Musk and his struggling X formerly known as TwitterE
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January 10, 2024

Elon Musk’s Move To Evolve X into Peer-to-Peer Payments is Not so New! Look at Chinese WeChat!

In an era where digital transformation is rapidly reshaping the financial landscape, X is making a significant (and expected) leap. Elon Musk's social media company recently announced its plans to introduce peer-to-peer (P2P) payments, a move that could redefine how users interact with social media platforms and manage their financial activities. X wants to implement WeChat's successful strategy.
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Elon Musk sees his X sinkingF
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January 1, 2024

FinTelegram Insights: The Spectacular Crash and Burn of Elon Musk’s Twitter, Now X Holdings!

In what can only be described as a head-on collision with reality, Fidelity Investments has just delivered a staggering verdict on Elon Musk's X Holdings, the entity formerly known as Twitter. The financial behemoth, which once backed Musk's audacious $44 billion acquisition, now values X at a jaw-dropping 71.5% less than its purchase price. This isn't just a markdown; it's a nosedive, plunging through the end of November 2023.
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LinkedIn profits from X downfallL
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December 29, 2023

LinkedIn Sees Surge in Ad Revenue Amid Exodus from Musk’s X Platform

In an interesting shift in the digital ad landscape, LinkedIn, the professional networking site owned by Microsoft, has experienced a significant uptick in ad revenue. This surge comes as companies increasingly abandon Elon Musk’s X platform (formerly known as Twitter). Insider Intelligence, a research group, says LinkedIn's annual ad revenue has soared to nearly $4 billion, marking a 10.1% increase, and projections indicate a further 14.1% rise in the upcoming year.
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Elon Musk and his struggling X formerly known as TwitterE
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December 15, 2023

Elon Musk’s X Secures Key License In Bid to Transform Into A (Sort Of) Financial Hub Amid Ad Revenue Woes!

Elon Musk's social media experiment X, formerly known as Twitter, is inching closer to a significant transformation. This week, the platform secured its 13th money-transmitter license, Reuters reports. This time from Pennsylvania. This marks a pivotal step in its evolution into a financial services provider. This move, yet unreported, positions X to potentially offer money transfer services akin to WeChat.
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Is running Elon Musk out of cash and out of luckS
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December 12, 2023

Seriously Now? Is ‘Cash-Poor’ Elon Musk Running Out of Cash and Luck?

In a recent essay by Linette Lopez for Business Insider, the financial stability and future of Elon Musk, the second-richest man on the planet, are scrutinized. From 2019 to 2022, Musk appeared to be on an unstoppable winning streak, with Tesla's profitability soaring and SpaceX's rockets capturing public imagination. However, Lopez suggests that Musk's streak of success might be waning, as indicated by a series of questionable decisions and mounting financial challenges.
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The new Elon Musk biography reveals interesting factsE
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November 1, 2023

Elon Musk Lost $41 Billion Net Worth But Is Still The World’s Richest Individual!

This week saw a significant drop in Elon Musk's net worth, which tumbled to $193 billion, according to Bloomberg's Billionaire Index. This marks the first time since June that the Tesla CEO's net worth has fallen below the $200 billion mark. The decline can be attributed to Tesla's disappointing quarterly earnings report, as Musk, who owns approximately 13% of the electric car company, experienced a notable financial setback.
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BBC fights Twitter label as Government Funded MediaT
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April 10, 2023

The Musk Quest: BBC Fights Back Against Twitter Labeling As “Government Funded Media!”

Elon Musk may also have taken on a quest to clean up the allegedly corrupted global mainstream media scene by acquiring Twitter. Most recently, Twitter awarded government-supported media with the label "Government Funded Media". Most recently the British BBC received this label on its primary Twitter account @BBC. BBC is objecting this labeling on its primary Twitter account and has contacted Twitter to resolve the issue "as soon as possible."
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DogeCoin explodes after Twitter used its logoE
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April 4, 2023

Elon Musk Did It Again: DogeCoin Exploded After Twitter Replaced Its Logo With The Shiba Inu Dog!

It is known that Elon Musk is a DogeCoin fan. It is also known that he likes to use Twitter to promote his assets. He did the same with DogeCoin. For that, he was sued for $258 billion by DogeCoin investors in 2022 for alleged market manipulation. Musk replaced Twitter’s traditional bird icon with an image of the Shiba Inu dog, the digital coin’s symbol. DogeCoin spiked more than 30% on Monday. Musk has again demonstratively and without restraint shown that he uses Twitter to manipulate.
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Twitter valued at $20 billionE
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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.
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Share price of Block plunged after shortseller reportS
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March 24, 2023

Shares Of Block Have Not Recovered From Short-Seller Attack With Fraud Allegations!

Shares of Block, which was attacked by short-seller Nathan Anderson and his at Hindenburg Research, failed to recover after the release of the disastrous report on Thursday. The report accuses Block of systematic crime facilitation, misrepresentation, and investment fraud. Block co-founder Jack Dorsey’s net worth plunged by $526 million. He’s now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index.
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Elon Musk allegedly selling SpaceX shares to finance Twitter dealE
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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.
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FTC investigates Twitter under Elon MuskU
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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.
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