To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. Twitter was losing money before Mr. Musk bought the company, and the deal added a debt burden that requires fresh sources of cash. It is tough to determine the state of the company. Twitter […]
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Business Earnings Chinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link Source link
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The upcoming football World Cup in Qatar is expected to shrug off controversies over the host nation’s human rights conduct to deliver record revenue for organizers FIFA. The one-month tournament, which begins on November 20, is on course to top the roughly $5.4 billion in revenue that the 2018 World Cup in […]
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Business Earnings The number of people using the ride-sharing app rose less than analysts had been predicting Source link Source link
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Online meal kit company Blue Apron cut its target for fiscal 2022 after it posted lower-than-expected revenue for the third quarter. Source link Source link
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Elon Musk tweeted that Twitter has had a massive drop in revenue due to activist groups pressuring advertisers, though he said nothing has changed with content moderation. Source link Source link
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Business Earnings Online sports-betting company raises its 2022 revenue forecast Source link Source link
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Adani Enterprises’ consolidated net profit for the quarter ended September (Q2) more than doubled versus last year to Rs 461 crore, its results showed on Thursday. The company’s consolidated revenue in Q2 surged nearly threefold year-on-year (YoY) to touch Rs 38,175 crore. While profit for the quarter came below Street estimates of […]
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Business Earnings Health insurer expects its Medicare Advantage members to increase up to 8.7% next fiscal year Source link Source link
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The ride-hailing giant’s revenue grew 72% from a year earlier to $8.34 billion, while adjusted earnings—which excludes some expenses—hit a record $516 million. Both figures were above Wall Street expectations. Source link Source link
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Chief Executive Lachlan Murdoch declined to discuss specifics of a possible deal with News Corp, as he cited the importance of scale. Source link Source link
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The Centre’s fiscal deficit for the first half (H1) of the current fiscal year (April-September of FY23) came in at Rs 6.20 trillion, or 37.3 per cent of the full-year Budget Estimate (BE) of Rs 16.6 trillion, according to the data released by the Controller General of Accounts (CGA) on Monday. This […]
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