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Shares of Twitter (NYSE:TWTR) jumped more than 22% Tuesday after Elon Musk made a U-turn and informed the social media company, he intends to complete the $44 billion deal at an original price of $54.20 per share. Q2 2022 hedge fund letters, conferences and more Twitter stock was halted at first after it was reported that Musk intends to close the deal, before racing to trade above the $50 mark for the first time since May. The surge in Twitter shares yielded significant profits to some investors, including the hedge fund manager and activist investor Carl Icahn. The Wall Street Journal report...
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A former Twitter Inc (NYSE:TWTR) executive has come forward with allegations of reckless and negligent cybersecurity policies at Twitter. According to Peiter “Mudge” Zatko, Twitter executives have long been aware that their platform is teeming with bots, but they have failed to take adequate steps to address the issue. Instead, he said Twitter has been more concerned with maintaining its public image and avoiding bad PR than with ensuring the safety and security of its users. Q2 2022 hedge fund letters, conferences and more This alleged negligence has reportedly led to several serious security...
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For the Q2 ending June 30, 2022, the number of average monetizable daily active users (mDAU) was 237.8 million vs 238.08 million expected, while revenue was $1.18 billion vs $1.32 billion expected, according to the estimate by Refinitiv. Q2 2022 hedge fund letters, conferences and more Increase In Twitter's R&D CostsThe total costs and expenses was $1.52 billion vs $1.16 billion in the same quarter last year, an increase of 31% year-over-year. However, it is important to note that nearly 30% of the total costs and expenses went towards research and development. The R&D expenses in Q2 2022 were...
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Snap’s Ad DoubtsSnap numbers cast doubts on digital advertising and the 10-year yield is back to June low. The market has continued to very successfully climb the wall of worry this week on the strength of generally better earnings results than feared, with overall 3rd & 4th quarter estimates still coming in with 10% y-o-y growth, far from recession numbers. Q2 2022 hedge fund letters, conferences and more Snap (NYSE:SNAP) shares are down 35% today on very disappointing results and no bounce in the outlook due to shrinking ad...
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Twitter Inc (NYSE:TWTR) partially blames Tesla Inc (NASDAQ:TSLA) CEO Elon Musk for its surprise revenue miss, claiming that “uncertainty” stemming from his pending purchase resulted in headwinds in the ad industry and caused its revenue shortfall. The social network also missed consensus estimates for earnings and user growth in the second quarter. Meanwhile, Snapchat parent Snap Inc (NYSE:SNAP) also posted disappointing results, sending its stock into freefall in early-morning trades. Q2 2022 hedge fund letters, conferences and more Twitter Announces Q2 2022 Earnings ResultsQ2 2022 hedge fund...
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Regarding upcoming earnings for Twitter, Verizon and American Express tomorrow before the market open, market strategist Louis Navellier provides the following commmentary. Preliminary CommentaryTwitter (NYSE:TWTR) is forecasted to post 23.8% annual sales growth of $1.32 billion and earnings of 15 cents per share. Twitter has a horrible earnings history and has disappointed for the past three quarters. Elon Musk‘s criticism of the “bots” and the company’s management has not helped TWTR. If the company can provide strong guidance, it might turn around, but right now Twitter is a “rock.” Q2 2022...
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Meta Platforms (NASDAQ:META) is underperforming analysts’ expectations, and various analysts and investment banks have slashed their price targets. The stock currently has a 75.85% upside to the MarketBeat consensus price target and holds its analyst rating of a moderate buy. The main criticism the stock has received is due to its slowing revenue growth, fierce competition from TikTok, and its Metaverse investment that likely will not pay off until 2030. Other headwinds battering this stock include new regulatory frameworks that will probably make future acquisitions for the company more diffi...
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Wasting no time, the judge handling Twitter Inc (NYSE:TWTR)’s lawsuit against Tesla Inc (NASDAQ:TSLA) and SpaceX CEO Elon Musk has set the first hearing in the case for July 19. Based on her reputation and track record, things don’t look good for Musk, who is trying to get out of his $44 billion offer to buy Twitter. The social network is trying to force him to make good on the contract he signed to complete the purchase. Q2 2022 hedge fund letters, conferences and more Who Is The Judge In Twitter's Case Against Musk?According to Reuters, Kathaleen McCormick was the first woman to become the c...
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What’s New In Activism – Twitter Deal Goes To CourtElon Musk withdrew from his purchase of Twitter Inc (NYSE:TWTR), saying that the social media platform had breached the terms of the merger agreement. Musk first requested the information on May 9, he said, as well as on four subsequent occasions. On June 6, he publicly threatened to terminate the deal if this information was not provided. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary fin...
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Retail interest in Twitter (NYSE:TWTR) seems to remain intact despite news over the weekend that Elon Musk intends to abandon plans to buy the social networking company. According to data from investment trading platform, Capital.com, the volume of derivatives traded on TWTR was up 77% week-on-week, as at 10 July 2022. Over the same period the number of people trading TWTR also grew by 13% on the platform. At the time of writing, Capital.com clients with exposure to TWTR were predominantly long (85% long). Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to ...
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