Twitter misses quarterly revenue estimates – SABC News

Twitter Inc., which has approved a $ 44 billion sale to Elon Musk, announced on Thursday its first-quarter revenue, which was below Wall Street’s plans to slow down advertising revenue.

The company reported revenue of 1.2 billion dollars, below the analysts’ average estimate of 1.23 billion dollars, according to IBESdata from Refinitiv.

Elon Musk buys Twitter for almost 700 billion Runes:

The head of the European Union’s internal market said on Tuesday that Elon Musk could fix Twitter as he wished after he acquired social media site but warned the billionaire that the union has strict rules for networks to deal with illegal content.

“Twitter has to adapt to our rules,” Thierry Breton told Reuters and another media outlet about the deal that Tesla’s chief executive signed on Monday to buy Twitter for $ 44 billion.

“I think Elon Musk knows Europe very well. He knows very well that we have some rules for the car industry… and he understands that. So in Europe, in order to protect freedom of speech and to protect individuals, any company must fulfill this obligation. “

Musk, the richest man in the world, calls himself speechless and has criticized Twitter’s moderation in a hugely influential forum built by millions of users and international leaders.

Twitter misses quarterly revenue estimates – SABC News

Source link Twitter misses quarterly revenue estimates – SABC News

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