This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. ![]() Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. "I think there is nothing better for Twitter than Elon Musk buying it and ideally replacing the board, and also doubling down on investments into products and new revenue-generating sources," John Meyer, a technology entrepreneur and investor, told The Associated Press earlier this week. On the other hand, even the world's richest man is likely to want the company to make money. On one hand, going private could give Twitter more room to experiment while focusing less on short-term profit and its stock price. Twitter has struggled to consistently post profits as a public company while generating lackluster revenue growth compared to the two dominant forces in digital advertising, Google and Facebook. If he does, the company will no longer be beholden to shareholders or publicly report its financial results, which have been mixed at best since the company went public in 2013. Musk, who also runs the electric car company Tesla, as well as SpaceX and other ventures, says he plans to take Twitter private. So far though, few hurdles are expected, despite objections from some of Twitter's own employees, along with users who worry about Musk's stance on free speech and what it might mean for harassment and hate speech on the platform. And in countries where Twitter does business. But before the deal is completed, shareholders will have to weigh in, as well as regulators in the U.S. Musk's purchase of Twitter is expected to close sometime this year. ![]() Analysts are also forecasting that Twitter added 11 million daily active users compared with the last three months of 2021. But Twitter has canceled the conference call with executives and industry analysts that usually accompanies its results, so there will be no further insight into its current state.Īnalysts are expecting Twitter to earn 5 cents per share on revenue of $1.23 billion, according to a poll by FactSet. The report will provide details on how the San Francisco-based social network fared over the first three months of the year. Twitter, which has agreed to be sold to billionaire Elon Musk, is due to report its first-quarter earnings Thursday before trading opens on Wall Street. Twitter canceled the conference call with executives and industry analysts that usually accompanies its results, so there will be little further insight into the company's current financial condition. Musk's $44 billion deal to buy Twitter was announced earlier this week and the deal is expected to close later this year.
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