Twitter | FinTelegram News

Tag: Twitter

Crypto

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.

Economics and Finance

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.

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.

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.

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.

PayTechs

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.

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.

November 5, 2022

Brace For Tech Winter! Massive Layoffs On The Road To Global Recession!

One of the clearest indicators that an economic downturn, if not a recession, is knocking at the door is when companies start with layoffs. Twitter was this week just the last tech giant that announced and executed a massive layoff, allegedly firing half of its staff. Stripe CEO Patrick Collison announced the layoffs of over 14% of its workforce, amounting to more than 1,000 jobs. Raid-hailing operator Lyft announced the layoff 13% of its workforce, or nearly 700. Brace for the Tech Winter.

Economics and Finance

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.

Crypto

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.