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Twitter, Inc. Stock Price

NYSE:TWTR Community·US$41.0b Market Cap
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TWTR Share Price Performance

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Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

0 Risks
2 Rewards

Twitter, Inc. Key Details

US$5.2b

Revenue

US$2.0b

Cost of Revenue

US$3.2b

Gross Profit

US$3.3b

Other Expenses

-US$111.8m

Earnings

Last Reported Earnings
Jun 30, 2022
Next Reporting Earnings
n/a
-0.15
60.84%
-2.14%
88.4%
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About TWTR

Founded
2006
Employees
7500
CEO
Parag Agrawal
WebsiteView website
www.twitter.com

Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company’s primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.

Recent TWTR News & Updates

Seeking Alpha Oct 30

Elon Musk said to have ordered imminent Twitter layoffs

Billionaire Elon Musk is said to have ordered layoffs at Twitter (NYSE:TWTR) as soon as Saturday, just days after he took over the social media behemoth. The Tesla (TSLA) chief, who completed his $44 billion acquisition of Twitter on Thursday, is said to have planned for cuts across the company, with some areas to be impacted more than others, according to a New York Times report, which cited people familiar. The scope of the reductions wasn't immediately known. Twitter has about 7,500 employees. The layoffs are expected to come before Tuesday, when the employees were expected to receive stock grants as part of their compensation, according to the NYT report. The report comes after a Washington Post story earlier this month said that Musk planned to cut 75% of the Twitter (TWTR) workforce after he took over, a report that was later denied by the social media company. Also see from earlier Saturday, Musk, Trump, Zuckerberg: Twitter buy signals new stage in the social media wars.
Seeking Alpha Oct 21

Twitter: Government Highly Unlikely To Block Deal

Summary Twitter is down big in pre-market trading on a Bloomberg report about unhappy government officials. I have no doubt there are government officials that are unhappy with Elon Musk's conduct on Twitter and elsewhere. I can understand government entities wanting to look into the billionaire's geopolitical ties and wheeling and dealing. Odds seem low that this will ultimately derail the deal at $54.20 between Twitter shareholders and Elon Musk. Twitter, Inc. (TWTR) is down massively in pre-market trading as there's been a Bloomberg report saying: "Biden administration officials are discussing whether the US should subject some of Elon Musk's ventures to national security reviews, including the deal for Twitter Inc. and SpaceX's Starlink satellite network." In my opinion, this opens up an opportunity to add to a Twitter position at very low prices. These discussions seem to have borne out of Elon Musk's recent meddling in Russia's war on Ukraine. Officials are (according to Bloomberg) worried about his pro-Russian stance. In addition they are worried about (the money quote): They are also concerned by his plans to buy Twitter with a group of foreign investors. The deal for Twitter is funded by Elon Musk, a group of equity investors, and a debt package from a group of banks. The equity portion of the deal includes the parties government officials are worried about, according to Bloomberg: "Prince Alwaleed bin Talal of Saudi Arabia, Binance Holdings Ltd. -- a digital-asset exchange founded and run by a Chinese native -- and Qatar's sovereign wealth fund." To offer some perspective, Musk is putting up $33.5 billion. This latter group of investors is putting up $7.1 billion. This group includes Saudi Prince Alwaleed bin Talal Al Saud, who is rolling over his current stake worth $1.9 billion. Note that he already owned Twitter before this deal came to fruition. This is not a new thing. Note that I'm not a lawyer or law professional. Having said that, according to the merger agreement, Musk is on the hook for the entire equity portion. If pieces of the equity financing fall through, Musk needs to find a way to cover the shortfall. Maybe he's already trying to get some new investors in as he seemed to be back to the promoter playbook on the most recent Tesla's earnings call. The Bloomberg article talks a lot about SpaceX as well. I can imagine the U.S. government wants to put Elon Musk under some scrutiny or put some informal pressure on him not to mess with U.S. geopolitics. Some people will argue Elon Musk is trying to deliberately blow up his Twitter deal through his Russia/Ukraine shenanigans and even by more prominently talking about China. Under this theory, he would hope to get some kind of enemy of the state label making him unfit to own a social media outfit like Twitter. Per Bloomberg: The discussions are still at an early stage, the people familiar said on condition of anonymity. Officials in the US government and intelligence community are weighing what tools, if any, are available that would allow the federal government to review Musk's ventures.

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