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Did Twitter Lose 5 Billion

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Elon Musk Sells $5 Billion Of Tesla Stock After Twitter Poll

Twitter value drops 5 BILLION after Trump Supporters Boycott.

The world’s richest person so far has disposed of more than 4.5 million shares this week

Tesla Inc. Chief Executive Officer Elon Musk unloaded $5 billion of stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10% of his massive stake in the company.

The world’s richest person so far has disposed of more than 4.5 million shares this week, according to regulatory filings Wednesday. Those were his first sales in more than five years.

Musk, who frequently posts on Twitter and often engages on controversial topics, created a firestorm over the weekend with the survey about whether he should sell part of his Tesla stake – which he connected back to a debate about whether the ultra-wealthy are paying their fair share of taxes. The poll, which resulted in a decisive vote for him to sell, sent shares of the carmaker down 16% in two days as investors worried about the consequences of unloading such a big block of stock.

On Monday, Musk offloaded about $1.1 billion worth of stock to pay income taxes on equity options that he also exercised that day, two of the filings showed. Those transactions were made based on a pre-arranged trading plan adopted in mid-September.

On Tuesday and Wednesday, he carried out the remaining sales. The filings detailing those disposals didn’t indicate that they were pre-planned.

What Is Revenue Vs Profit

Revenue is the total amount of income generated by the sale of goods or services related to the company’s primary operations. Profit, which is typically called net profit or the bottom line, is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs.

Elon Musk Sells $5 Bln In Tesla Shares After Twitter Poll

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Nov 10 – Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.

In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.

The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer, which makes up the vast part of his estimated $281.6 billion fortune, according to Forbes.

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Musk on Saturday about selling 10% of his stake, helping to push down Tesla’s share price after a majority on Twitter said they agreed with the sale.

The stock sank 12% on Tuesday in a multi-day selloff that endangered the company’s position in the $1 trillion club, but recovered 4.3% on Wednesday. read more

The options-related sales were set up in September through a trading plan that allows corporate insiders to establish preplanned transactions on a schedule, the filing said. The sales of the option-related shares paid for associated taxes. It was not clear how or whether the trading plan related to Musk’s Twitter poll. Tesla did not respond to a request for comment.

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How One Tweet Wiped $8bn Off Twitter’s Value

At one point in the final hours of trading, the stock had lost more than $8bn , or 25% of its opening price.

It seems investors were spooked by the early and unintended publication of earnings results that should have been presented after the markets had closed.

So how did that happen, and why did it result in Twitter’s worst day on the markets since its flotation?

A Plan To Sell Around $11 Billion In Shares Predated The Twitter Poll By Weeks According To An Sec Filing

Did Twitter Lose $5 Billion in Value After

Over the weekend, and asked if he should sell around 10 percent of his stock holdings in Tesla. At the time, that was valued at more than $20 billion, and he cited the recent attention of taxing unrealized gains. Musk said he would abide by the results of the poll, and by the time it ended, nearly 58 percent of the respondents were in favor.

Tesla’s CEO wasted no time offloading billions of dollars in shares by Monday, Musk began his sell orders.

The first twofilings with the United States Securities and Exchange Commission were for around 934,000 shares, grossing a total of roughly $1.1 billion. Bloomberg points out that Musk used this to pay income tax on equity options that he exercised that same day. These particular shares were sold in accordance with a 10B5-1 trading plan made on Sept. 14, 2021. That date aligns with an interview where the CEO confirmed he would be “forced to sell” a number of shares during the fourth quarter of this year in order to exercise “a bunch of options” that expire in 2022.

This means that Musk planned on selling at least a chunk of his stock holdings anyway, as the sale pre-dated the Twitter poll by weeks. And since expiring stock options are use-it-or-lose-it, Musk’s exercising of the options does make financial sense. However, it’s not clear if the poll was accounting for these particular pre-dated shares.

According to a public SEC filing, Musk holds around 166.9 million Tesla shares at the time of writing.

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Twitter Revenue And Usage Statistics

Twitter is a real-time microblogging platform, publicly launched in July 2006. At launch, its defining features were the tight limits placed on each post, known at a tweet. Originally, users could only use 140 characters, although that was doubled to 280 in 2017.

Formed by former Odeo employees Jack Dorsey, Noah Glass, Evan Williams and Biz Stone, the site originally used SMS to send tweets onto the network. It received its first boost of users at SXSW 2007, when the founders showed all the tweets hitting the network in real-time.

From there, Twitter grew out its userbase to reach over 300 million monthly active users. It added new features, but for the most part has retained the same look and feel of early Twitter, much to the chagrin of shareholders who have wanted Twitter to be more competitive with Facebook.

Twitter has branched out into other areas of innovation, such as short-video with Vine or live-video with Periscope, but both were cancelled by Twitter. Some have argued that Twitter mismanaged both projects, as Vine came well before Music.ly and TikTok, but was unable to capture the market which was clearly there.

This may be partly due to the management of Twitter, which has had Jack Dorsey, Evan Williams, Dick Costolo and then Jack Dorsey again as CEO. Dorsey is also CEO at Square, which has led to complaints from shareholders and even a lawsuit.

We have collected data and statistics on Twitter. Read on below to find out more.

Twitters Stock Price Tumbled As Much As 12% On Monday Erasing $5 Billion From Its Market Capitalization

byJanuary 11, 2021, 10:51 pm11k Views

Twitter stock fell as much as 12% on Monday after the social-media company permanently suspended President Donald Trumps account on Friday evening. The share-price decline wiped $5 billion from Twitters market capitalization.

Twitters bosses suspended Trumps account which had about 88 million followers after the world leaders fanning of conspiracy theories about voter fraud and election theft spurred thousands of his supporters to lay siege to the Capitol last week.

The ban followed Facebooks suspension of Trump for at least the rest of his presidency. CEO Mark Zuckerberg defended the decision in a Facebook post on Thursday, arguing that Trump appeared intent on using his account to undermine a peaceful transition of power and risked sparking more violence.

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Is There Any Good News From Twitter

Well, it also announced a couple of new things that could help the platform.

Its content will be more closely integrated with Google search, and it is working with Apple so tweeted content will also appear more prominently in Spotlight searches on iOS and OS X devices.

It is also planning to curate timelines for users so, at least in theory, the more relevant tweets from people they follow will bubble up to the top of their feeds.

How Twitter Reports Diversity & Inclusiveness

Facebook shutdown mark Zuckerberg lose 5.9 billion in one day #facebook #markzukarberg #instagram

As part of our effort to improve the awareness of the importance of diversity in companies, we offer investors a glimpse into the transparency of Twitter and its commitment to diversity, inclusiveness, and social responsibility. We examined the data Twitter releases to show you how it reports the diversity of its board and workforce to help readers make educated purchasing and investing decisions.

Below is a table of potential diversity measurements. It shows whether discloses its data about the diversity of its board of directors, C-Suite, general management, and employees overall, as is marked with a . It also shows whether Twitter breaks down those reports to reveal the diversity of itself by race, gender, ability, veteran status, and LGBTQ+ identity.

Twitter Diversity & Inclusiveness Reporting

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Did Twitter Lose 5 Billion

Asked by: Mrs. Jacynthe Labadie

Twitter loses $5 billion in market value after Trump is permanently barred from the platform. Twitter stock slumped on Monday after the platform permanently barred President Donald Trump. Twitter’s stock price tumbled as much as 12% on Monday, erasing $5 billion from its market capitalization.

Twitter Loses Ad Revenue Despite Gaining 2 Million Users And Trump ‘boost’

Investors take fright as company reveals $457m loss for 2016 and concedes its financial growth is lagging its popularity

Jack Dorsey, chief executive and co-founder, hailed the growing impact and influence of Twitter, saying the US president had boosted the power of the service.

But investors took fright as the loss-making company conceded that its financial growth was lagging behind its increasing popularity among users and would continue to do so in the near future.

The San Francisco-based company reported annual revenues up 14% on last year to $2.5bn . Monthly active users climbed from 317 million to 319 million in the final quarter of last year.

While trumpeted an increase in users and time spent on the site, revenues increased by less than analysts had forecast.

The tech company is still making sizeable losses, falling $457m into the red during 2016 despite cutting 9% of its workforce, or about 350 people. Its shares fell by more than 11% to $16.54 in early trading on Wall Street after the disappointing set of figures were revealed.

Twitter has now racked up losses of almost $2.8bn since it floated on the stock market three years ago at $26 a share and the latest figures deal a blow to the companys plan to turn a profit by the end of 2017.

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Can You Live On Dividends

One way to enhance your retirement income is to invest in dividend-paying stocks, mutual funds, and exchange traded funds . Over time, the cash flow generated by those dividend payments can supplement your Social Security and pension income. … It is possible to live off dividends if you do a little planning.

Twitter Under Pressure From India

Did Twitter Lose $5 Billion in Value After

This report comes amidst immense pressure being faced by the company when it comes to its business interests in India. Earlier this month, the Indian government had ordered Twitter to block 1,178 accounts with links to Pakistan and Khalistan supporters that were spreading misinformation and provocative content on the farmers’ protest. It had also asked for action to be taken against hashtags related to ‘Farmer Genocide’.

Yesterday, Twitter said that it had withheld some of the accounts flagged by the Indian government and had blocked them “within India only” but had not blocked handles of civil society activists, politicians, and media as “it would violate their fundamental right to free expression”.

This had earned a strong response from the Union Ministry for Electronics, IT, and Communications with Ravi Shankar Prasad stating that the spread of ‘hateful’ content and their “double standards” will not be allowed in India.

Amid the tussle, the Ministry of Electronics and IT and some other government departments have set up accounts on native micro-blogging site Koo. The app was launched 10 months ago and won the Aatmanirbhar App Challenge organized by the Indian government.

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How Come Selerity Got The News Early And Who Are They Anyway

This is the interesting bit.

Selerity is a tech start-up running a very specific service catered to investors.

It automatically scans all sorts of documents, press releases, and social media online and looks for anything that could prove useful to investors.

It then reports back to subscribers with what it describes as real-time actionable intelligence.

In this case, it picked up the early Nasdaq posting.

The company then tweeted the figures under the hashtag “#breaking”, ensuring that the world and his dog would know of Twitter’s failings through its own service.

Selerity then tweeted its source, adding to Twitter’s embarrassment by making it clear that the results had been neither leaked or hacked.

When trading resumed, the stock plummeted a further 19%, before finishing 18% down on the day.

To put this into perspective, at its low point Twitter had the total value of UK supermarket chain Sainsbury’s or slightly more than the value of the Dixons Carphone group wiped off its share price.

Twitter Lost $25 Billion Of Its Market Value After It Deleted President Trumps Account Shares In Free Fall

It all started on January 6, with just a couple of days left in his presidency, that Twitter decided to lock the account of President Trump 12 hours following the storming of the U.S. Capitol last Wednesday.

Then last Friday, Twitter said has permanently suspended the personal account of President Donald Trump. In a statement, Twitter said

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Before his account was deleted, President Trump had more than 88 million followers and had been retweeted billions of times. Other social media platforms, including Facebook, Instagram have been quick to issue similar bans on the outgoing president last week after the violence at Capitol Hill.

The fact that a CEO can pull the plug on POTUSs loudspeaker without any checks and balances is perplexing, he wrote in a column for Politico.

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Fear Of Sagging Engagement

The near-term fear is that because Donald Trump is such a prominent figure on Twitter, the platform may see a large chunk of engagement disappear with him.

The Trump Twitter ban may lead to fewer users, as one of the platforms largest speakers is removed, says Georgetown internet law professor Anupam Chander in an email. Some users have already tried to migrate to Parler, for example, though that has proven to be a dead end.

Not only did Trump tweet constantly, but his tweets were almost always some form of dog whistle to his base. They were often widely shared and frequently went viral. His tweets also reached beyond the platform as they were often discussed on TV news and on other websites.

One thing on Twitter investors minds right now is how the platform will continue to grow. Losing its 6th most popular account is a step in the wrong direction.

Creative Strategies analyst Ben Bajarin adds that investors might just be registering the reality that Trump will soon no longer be president, and that Twitters engagement numbers may have gone down anyway.

Twitter Loses $5 Billion In Market Value After Banning President Trump

Should Elon Musk sell 10% of his Tesla stock? Twitter users vote ‘yes’

Posted by Grace Saldana | Jan 11, 2021 | Money

Its not at all shocking how the stock market reacted to Twitters anti-free speech efforts to remove opinions they dont like from their platform.

One well-known fact about social media platforms that Twitter has seemed to have forgotten is that conservatives make up a massive portion of their user base.

Therefore, a logical person might conclude it would be a bad move to go on a censorship rampage against the group that gives you most of your business.

But in Twitters case, allegiance to CEO Jack Dorseys far-Left ideology prevailed over what would be in the best interest of the business or America itself.

In the past week, Twitter has permanently suspended President Trump, deleted attempted tweets from his government POTUS account, and banned his official campaign as well as many conservative journalists and users.

However, it is not panning out well for Twitterand more importantly, Twitter stock value.

This unbelievable level of fascism from the tech company did not sit well with the stock market when it opened on Monday morning.

Twitter stock price plunged as much as 12% causing them to lose $5 billion in market value, Business Insider reported.

The outlet added that the companys decline in profit was likely caused by concern that boycotts against the platform could arise, or that interest in joining the platform could shrink.

Twitter lost $4 Billion today. LOL, Gab wrote.

Twitter lost $4 Billion today. LOL

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What Will Twitter Stock Be Worth In 5 Years

Twitter Inc quote is equal to 63.970 USD at 2021-10-08. Based on our forecasts, a long-term increase is expected, the “TWTR” stock price prognosis for 2026-10-02 is 139.723 USD. With a 5-year investment, the revenue is expected to be around +118.42%. Your current $100 investment may be up to $218.42 in 2026.

Twitter’s Costs And Expenses Saw An Increase Of 19 Percent Year Over Year Totaling $369 Billion While Revenue Amounted To $372 Billion

American micro-blogging site Twitter on Wednesday announced that it had suffered a net loss of $1.14 billion in 2020 representing a net margin of -31 percent. On the other hand, Twitter’s costs and expenses saw an increase of 19 percent year over year totaling $3.69 billion while revenue amounted to $3.72 billion.

Releasing its financial results for the fiscal year, the social networking company said, “2020 net loss was $1.14 billion, representing a net margin of -31 percent and diluted EPS of -$1.44. This compares to 2019 net income of $1.47 billion, representing a net margin of 42 percent and diluted EPS of $1.87. Both periods were affected by non-cash, tax-related adjustments.”

For the first quarter of 2021, Twitter expects total revenue to be between $940 million and $1.04 billion. “As we enter 2021, our objectives are similar to previous years and our success will best be measured by our ability to grow our audience and deliver financial results in line with our guidance,” it said.

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