Friday, February 11, 2022 11:43:46 UTC
Affirm's stock dropped 26% after the business unintentionally disclosed its own earnings on Twitter hours ahead of time. Before the tweet, they were up 10%.
The corporation made the decision to release its entire results report before the markets closed. An automated circuit breaker momentarily interrupted trading before it resumed. According to the report, sales for the quarter increased by 77 percent year on year to $361 million, with a net loss of $159.7 million compared to $26.6 million in Affirm's second fiscal quarter last year. Investors appeared to be particularly concerned about the prognosis for the third quarter and the whole year.(More)
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Thursday, February 10, 2022 13:27:38 UTC
Twitter announced a $4B stock purchase, its first since a $2B program launched in March. Revenue up 22% year on year to $1.57B. The stock topped $41 in premarket.
Twitter's revenue increased 22 percent year on year to $1.57 billion in the fourth quarter, in line with analysts' estimates of $1.58 billion.
According to the social media business, its daily user base increased 2.84 percent from the previous quarter to 217 million. FactSet asked analysts, who predicted the user count to climb to 218 million. Twitter's net income was $182 million, down from $222 million the previous year. According to FactSet, analysts expected $290 million.(More)
TWITTER FLYS
Thursday, February 10, 2022 13:27:38 UTC
Twitter announced a $4B stock purchase, its first since a $2B program launched in March. Revenue up 22% year on year to $1.57B. The stock topped $41 in premarket.
Twitter's revenue increased 22 percent year on year to $1.57 billion in the fourth quarter, in line with analysts' estimates of $1.58 billion.
According to the social media business, its daily user base increased 2.84 percent from the previous quarter to 217 million. FactSet asked analysts, who predicted the user count to climb to 218 million. Twitter's net income was $182 million, down from $222 million the previous year. According to FactSet, analysts expected $290 million.
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Initially opposed to Tesla CEO Elon Musk taking over Twitter, the company is warming up to the idea after the billionaire secured the required $43 billion in funding.
Musk, who owns approximately 9% of Twitter stock, has indicated he is mulling a tender offer, in which other shareholders promise their stock to him at a certain price and date. If enough shareholders agree, Musk may be able to use that to pressure the board to remove its "poison pill" argument.
But Musk hasn't decided.
The poison pill can drastically increase takeover costs. A 15% ownership in Twitter would result in a large dividend to stockholders, perhaps bankrupting Twitter.(More)
TWITTER RECONSIDERS MUSK BID
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Initially opposed to Tesla CEO Elon Musk taking over Twitter, the company is warming up to the idea after the billionaire secured the required $43 billion in funding.
Musk, who owns approximately 9% of Twitter stock, has indicated he is mulling a tender offer, in which other shareholders promise their stock to him at a certain price and date. If enough shareholders agree, Musk may be able to use that to pressure the board to remove its "poison pill" argument.
But Musk hasn't decided.
The poison pill can drastically increase takeover costs. A 15% ownership in Twitter would result in a large dividend to stockholders, perhaps bankrupting Twitter.
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