RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Business

Twitter Acquisition deal temporarily on hold, Says Elon Musk

Rate Captain by Rate Captain
May 13, 2022
in Business, News
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Elon Musk has announced that his $44 billion deal to acquire Twitter is now on hold. This is coming after the Tesla Executive Officer estimated in a filing that false/spam accounts represented fewer than 5 percent of its monetizable daily active users in the first quarter of the year.

However, this issue has been a major concern surrounding the actual number of monetizable Twitter users over the actual value of the company after the $44 billion agreement between the company and Elon Musk.

AlsoRead

Oil Marketers, Airlines reach loggerheads over local Aviation Price

CBN Issues Regulatory Guidelines for Open Banking in Nigeria to Ensure Financial Inclusion

CBN say Nigeria would reap the benefits of a rising oil price

Following Elon Musk’s tweet expressing his priority of removing the “spam bots” from the platform.

Furthermore, Twitter said in the filing that it faced several risks until the deal with Musk is closed, such as whether advertisers would continue to spend on Twitter and “potential uncertainty regarding our plans and strategy.”

Keynotes

  • The company in Q3 2017 admitted it had overcounted its MAUs by 1 to 2 million, at a time when its MAU base was over 300 million.
  • The error could put Twitter in even a more precarious situation regarding its advertisers.
  • The company recorded $1.2 billion in revenues in the first quarter of 2022.
  • The microblogging platform had in its Q1 2022 financial report admitted to overstating the figure of the platform’s users by 1.9 million in the last three years.
  • Twitter said an “error” introduced in Q1 2019, resulted in the overstatement of its monetizable daily active usage or users (mDAU). According to the company, this went on undiscovered for three years.
Previous Post

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

Next Post

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

Related News

MOMAN Debunks Rumor of Aviation Fuel Selling at N700 per Litre

Oil Marketers, Airlines reach loggerheads over local Aviation Price

by Rate Captain
May 20, 2022
0

  Nigerian airline operators are currently at cross-purposes with oil marketers over the rising prices of the aviation fuel, also...

CBN Issues Regulatory Guidelines for Open Banking in Nigeria to Ensure Financial Inclusion

by Rate Captain
May 19, 2022
0

The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance...

CBN say Nigeria would reap the benefits of a rising oil price

CBN say Nigeria would reap the benefits of a rising oil price

by Rate Captain
May 18, 2022
0

A rising oil price is considered to be beneficial to a major oil exporter like Nigeria. However, the Central Bank...

Goldman gives  senior staff unlimited vacation in bid to retain talent

Goldman gives senior staff unlimited vacation in bid to retain talent

by Rate Captain
May 17, 2022
0

Goldman Sachs will allow its senior staff to take an unlimited number of vacation days, the latest move by a...

Next Post
“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

"The Tin Can Island Port is deteriorating" - Mohammed Bello-Koko

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

MOMAN Debunks Rumor of Aviation Fuel Selling at N700 per Litre

Oil Marketers, Airlines reach loggerheads over local Aviation Price

May 20, 2022

Naira Depreciates at all Markets: Naira Hits N610/$1 at B2B Market

May 20, 2022

Popular Story

  • Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.