The numbers that may have convinced Elon Musk that Twitter was worth $44 billion
Twitter has enormous global influence and has maintained steady user growth in recent years. But the company’s financial performance has been fairly lackluster recently.
For the 2021 fiscal year, it posted a net income loss of $221.4 million, following a much deeper annual loss of $1.14 billion for 2020. Here’s a look at some of the facts and figures that likely convinced Musk to pursue the deal anyway.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk blasts Twitter staff threatening to sabotage tech giantThe billionaire blasted the 'extreme antibody reaction' from 'those who fear free speech' and said it 'says it all' as he launched his first public backlash against woke workers.
Read more »
Twitter employees speak out about Elon MuskAs the Tesla boss looks set to acquire the company, Twitter employees show mixed reactions.
Read more »
Elon Musk has bought Twitter. What happens now?Comment: Nobody can be sure what the world’s richest man will do next; that’s what being world’s richest man means ✍️By Matthew d'Ancona MatthewdAncona
Read more »
Elon Musk: Trump’s Truth Social is beating Twitter downloadsElon Musk has tweeted that Donald Trump’s Truth Social app is beating Twitter in the iPhone download charts.
Read more »
Elon Musk engages with tweets criticising Twitter staffAcquisition agreement allows Musk to tweet about deal but not to disparage firm or its representatives
Read more »