Twitter has published its quarterly balance of the year and it is speculated that it will be the last to know. Photo: AP
Glass half full or glass half empty, that’s the question. Twitter on Thursday published the balance sheet released in the first quarter of the year, before tycoon Elon Musk’s purchase for $ 44 billion, and the the results were mixed.
On the one hand he got it income below of estimates, but otherwise there is a increase in active users.
Such a balance is looked at carefully because speculations are growing that, with the change of command, they will no longer be published in the future. Following the takeover, the South African tycoon plans to withdraw Twitter from the stock market.
As a result of that agreement, Twitter canceled its conference call on quarterly results with analysts and showed this balance may be the last to find out.
Elon Musk is the new owner of Twitter. On Monday, the social network accepted his offer to buy for 44 billion dollars. Photo: Reuters.
From the economic point of view, the social network of the little bird registered income for $ 513.3 millionwhich exceeded seven of the earnings of the first quarter of 2021. This, after an income from a divestment.
Increased revenue of 16%up to 1,200 million dollars, slightly under at 1,220 million expected by analysts.
Another important fact that stimulates the social network is the number of active users: Twitter has increased the total number of users 229 millionslightly higher than the analyst’s expectations.
Following the purchase, Musk plans to remove Twitter from the Stock Market. Photo: AP
On Monday, Elon Musk, chairman of electric car maker Tesla and considered one of the three richest people on the planet, announced a deal to acquire Twitter for $ 44 billion at $ 54.20 per share of cash.
“I want to be Twitter better than ever product enhancements with new features, building open source algorithms to increase trust, beating spam bots, and authenticating everyone. Twitter has tremendous potential. I look forward to working with the company and the user community to unlock it, ”said the trader who was elated after the purchase.
Twitter initially resisted Musk’s attempts, but suddenly changed the trend after the businessman raised billions of dollars in financing from large banks to increase the contribution of his personal fortune.
With information from the AFP
Source: Clarin
