Just days after Elon Musk’s $44 billion buyout of Twitter, the company released its Q1 earnings report on Thursday, attesting to a bump in users and a simultaneous decline in revenue. At the close of the quarter, Twitter reported monetizable daily active usage (mDAU) of 229 million, surpassing quarterly expectations for 226.9 million mDAU. This…
China’s Influence Over Musk? As Likely As ‘Loch Ness Monster Visiting Times Square’
Now that Elon Musk has sealed the deal to purchase Twitter for $44 billion, there is new speculation that China could possess leverage over the billionaire CEO of Tesla Motors. New York Times reporter Mike Forsythe ignited a tidal wave of speculation, posting a tweet that China could influence Musk now that he is poised to become…
China’s Influence Over Musk? As Likely as ‘Loch Ness Monster Visiting Times Square’: Venture Capitalist
Now that Elon Musk has sealed the deal to purchase Twitter for $44 billion, there is new speculation that China could possess leverage over the billionaire CEO of Tesla Motors. New York Times reporter Mike Forsythe ignited a tidal wave of speculation, posting a tweet that China could influence Musk now that he is poised to become…
Meta’s Facebook Reality Labs Loses Nearly $3 Billion in Q1
Facebook parent company Meta Platforms Inc. posted nearly $3 billion in losses in the first three months of 2022 for its Metaverse-focused Reality Labs division. According to an earnings report (pdf) published on April 27, the company’s Facebook Reality Labs (FRL) division, which houses its augmented and virtual reality operations, had $695 million in revenue in the first quarter, driven by…
CNN+ Streaming Service Shutting Down Earlier Than Announced
CNN’s streaming service CNN+ will shut down on Thursday, two days earlier than previously announced, according to a recent update of a CNN+ support page. Earlier this month, amid reports of dismal subscriber numbers, the company said the streaming service would shutter on Saturday, April 30. It’s not clear why CNN+ is shutting down Thursday. “CNN+…
Wall Street Rises at Open as Meta Earnings Offset GDP Worries
Wall Street’s main indexes opened higher on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks, offsetting concerns around data that showed U.S. economic growth unexpectedly contracted in the first quarter. The Dow Jones Industrial Average rose 124.0 points, or 0.37 percent, at the open to 33425.96. The S&P 500 rose…
Tech Earnings Buoy Stocks as Yen Slips to 20-year Low
LONDON—The dollar was on the cusp on Thursday of its highest in two decades after the Bank of Japan doubled down on its ultra loose monetary policy, while technology stocks gained on strong earnings, led by a rally in Facebook parent Meta Platforms. The yen dropped to a 20-year low and breached 131 per dollar,…
Alphabet Misses on Revenue as YouTube Ad Business Slowed by Ukraine War
Google parent Alphabet Inc. on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and…
Musk Twitter Takeover Will Result in ‘More Free Speech’: FCC Commissioner
April 28, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsMedia & Big TechTwitterUSUS News
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A top Federal Communications Commission (FCC) official said that “more free speech” will result from a successful Elon Musk take over of Twitter, a global social network with more than 400 million monthly users. FCC Commissioner Brendan Carr told NTD’s Paul Greaney in an April 25 interview that he hopes Musk will “follow through on…
FCC Commissioner Hopeful Musk Twitter Takeover Will Result in ‘More Free Speech’
April 28, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsMedia & Big TechTwitterUSUS News
0 Comment
A top Federal Communications Commission (FCC) official said that he is hopeful that “more free speech” will result from a successful Elon Musk take over of Twitter, a global social network with more than 400 million monthly users. FCC Commissioner Brendan Carr told NTD’s Paul Greaney in an April 25 interview that he hopes Musk…
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