Topic: How To Invest

Spinoffs & Takeovers Hotline – Thursday, April 14, 2022

Article Excerpt

TWITTER INC., $45.08, symbol TWTR on New York, offers users a global platform to express themselves on the Internet in real time. Its website lets people create, distribute, and discover content. Platform partners include publishers, media outlets, and developers. Advertisers use Twitter’s Promoted Products, the majority of which are pay-for-performance, to promote their brands, products, and services. The company generates most of its revenue from advertising. Notably, on November 29, 2021, the company’s CEO Jack Dorsey stepped down after 10 years in the top job. That move came after the Twitter had just recovered from activist pressure by Elliot Management that started in 2020. That pressure led Dorsey, who was serving his second stint as CEO of Twitter, to step down. Dorsey was replaced by Pagar Agrawal, who was the company’s chief technology officer since 2017. Dorsey continues his role as CEO of Block Inc. (symbol SQ on New York), formerly known as Square Inc. Now, Elon Musk has launched a takeover bid for…

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