Elon Musk-Twitter information in the present day: Twitter broadcasts outcomes days after takeover introduced

Wall Road noticed expertise and development shares surge on Thursday after robust earnings from Fb’s mum or dad firm Meta allayed considerations the US economic system contracted within the first quarter of 2022.

As of 3pm, the markets had been having fun with their finest day since Could 2020, with all three main indexes having fun with a sustained enhance.

Bevan Hurley has the main points.

The silence was by no means going to final.

Donald Trump has lastly posted on his Fact Social app, the struggling Twitter rival he launched earlier this yr, after an uncharacteristic monthslong quiet from the often voluable former president.

Josh Marcus has the story.

ICYMI: The potential new proprietor of Twitter posted a cartoon meme that seems to point his perception that it’s really the left-wing of American politics that has moved to the intense since 2008, and never the right-wing.

The stick-figure cartoon suggests that folks with centrist views in 2008, labelled “me” within the cartoon, at the moment are to the fitting due to this alteration.

Consultant Marjorie Taylor Greene mentioned that she hoped that she may meet with Tesla chief government Elon Musk amid information that he has acquired Twitter.

The best-wing congresswoman from Georgia made the remarks throughout a information convention in entrance of the Capitol when introducing laws that will abolish Part 230 of the Communications Decency Act, which says that service suppliers can’t be handled as a writer or or speaker of data supplied by one other supplier.

ICYMI: The Tesla and SpaceX tycoon has donated to each events and attacked everybody from Joe Biden by means of Donald Trump to commerce unions and ‘pronouns’, however beneath all of it there’s a constant ideology, writes Io Dodds.

Elon Musk has change into the world’s richest individual, and one of many enterprise world’s most polarising figures on the again of the staggering business success of Tesla and engineering brilliance of SpaceX.

And together with his $44bn provide for Twitter having been accepted by the social media’s platform’s board, Mr Musk will presumably add a 3rd CEO position to his assortment.

Matt Mullenwag, the founding father of Automattic, which owns Tumblr, tweeted that Tumblr noticed a 19% bump in new consumer registration within the wake of the information that Elon Musk was shopping for out the corporate

Twitter has additionally been overstating the variety of every day customers on its service for the previous, overcounting by as much as 1.9 million customers every quarter, in information that broke following its quaterly earnings.

The error was attributable to Twitter counting a number of accounts as lively once they had been all owned by one consumer – even when they weren’t in use.

Twitter has simply posted its quarterly earnings, revealing a 16 per cent improve in customers and a income of $1.2 billion.

The primary three months of the yr noticed the San Francisco firm obtain a mean 229 million every day lively customers – although this doesn’t bear in mind any impactf Musk’s involvement with the platform might need had. His 9.2 per cent stake, adopted by his takeover bid, had been all revealed in April.

Elon Musk remains to be dealing with the results of a tweet he made 4 years in the past about taking Tesla personal at $4.20 a share.

The US Securities and Trade Fee compelled him to pay a high-quality on the time, in addition to have all future tweets about Tesla to be checked by a lawyer earlier than he posts them. He claims it infringes his free speech, calling the regulators “bastards” at a latest TED occasion, however a federal decide simply denied that the settlement be scrapped.