Twitter

Twitter has announced Q1 2019 revenues of $787 million — a year-on-year (YoY) increase of around 20%. However, after the company reported a record $909 million income for the last […]

Jack Dorsey — CEO of both Twitter and Square — hopes that bitcoin will one day be the internet’s native currency. Dorsey made this statement during an interview with Elizabeth […]

Twitter is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time.
The way that this subscription format would manifest would be in the form of a premium version of its popular Tweetdeck service, which is a popular app and website that the firm bought six years ago. It allows users to run multiple accounts out of the one interface, schedule tweets and generally have greater control over their Twitter experiences.

Twitter on Thursday beat analysts’ expectations for earnings per share in its fourth quarter before the opening bell, but missed revenue estimates, prompting a steep fall in its stock price in pre-market trading.

The San Francisco-based company, led by CEO Jack Dorsey, reported adjusted earnings of 16 cents per share on revenue of $717 million, up from a year-earlier $710.5 million.

US dollar is overvalued and that investors would do well to move out of that currency. In the long run the national debt, which is currently 106% of GDP, and the balance of payments deficit, currently running at about 40 to 45 billion dollars a month, are unsustainable. Of course the US is the largest single economy globally and has huge reserves of coal, oil and gas besides extensive farming land. So it is not to be expected that the US dollar is going to collapse. It could soon however gradually lose 20% to 30% of its current value.

Twitter may soon cut 8% of its workforce, or about 300 people, Bloomberg reported Monday citing people it said were familiar with the matter. A company spokeswoman declined to comment.
Last year, Twitter announced, more or less, the same plan, or to axe 336 employees, about 8%, a week after Jack Dorsey, its co-founder who had been serving as interim chief executive, took over as permanent CEO.

Google has already been named as a potential bidder for Twitter, Bloomberg reported, citing "a person familiar with the arrangement," that Alphabet subsidiary Google is working with financial advisers Lazard to explore a bid for the social media company. Nonetheless, its spokeswoman Gina Scigliano refused to comment on the situation. A Lazard representative did not immediately respond to a request for comment.

Walt Disney is said to be working with an adviser on a potential Twitter bid, according to a Bloomberg report on Monday, putting the entertainment company together with firms such as Google and Salesforce in the race to buy San Francisco-based social network. The purchase would give Disney a new online outlet for entertainment.