Twitter MISSES - With $4 Billion Buyback
Twitter misses earnings expectations across the board, authorizes $4 billion in share buybacks
Twitter reported earnings for the fourth quarter of 2021 Thursday that missed analyst estimates on earnings, revenue and user growth.
The company provided revenue guidance for the next quarter ranging from $1.17 billion to $1.27 billion, while analysts had expected about $1.26 billion, according to Refinitv.
Meta Is Now Calling Out Google Over Apple's App Privacy Rules
Meta Platforms Inc.’s revenue is taking a multibillion-dollar hit this year because its social networks can’t gather as much data on iPhone users. The company spent last year attacking Apple Inc. for the change; now it’s publicly calling out Google, too.
Alleged crypto launderer Heather Morgan led a second life as the world's worst rapper
Earlier today, the Department of Justice announced the arrest of Ilya Lichtenstein and Heather Morgan, who allegedly attempted to launder more than 25,000 Bitcoins that were stolen as part of the 2016 hack of Hong Kong-based cryptocurrency exchange Bitfinex. What was unclear to us at the time was that an even greater crime had played out across Morgan's social media pages: her rap career.
Fired Peloton employees crash new CEO’s first all-hands
New Peloton CEO Barry McCarthy’s first day is not off to a good start.
The company, which announced a major leadership shakeup at its Q2 earnings call on Tuesday, held an all-hands meeting meant to welcome McCarthy. Outgoing CEO John Foley was also in attendance. The all-hands was referenced in a blog penned by Foley revealing he was stepping down. While this is par for the course when companies change leadership, CNBC is reporting the meeting was cut short when angry ex-employees — who were just terminated — crashed the party.