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Twitter Reports Increase in Users, Revenue Ahead of Elon Musk Acquisition

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Twitter reported an average of 229M daily users and a 16% revenue increase in its Q1 report, though it offered few details amid a pending sale to Elon Musk

, offered scant details about what it expects on the financial front for the rest of the year.

The San Francisco company canceled a conference call with executives and industry analysts that usually accompanies its results, so there will be little further insight into the company’s current financial condition. Shares have yet to reach that buyout price and on Thursday, the company’s stock edged slightly lower to $48.36.

Musk, who also runs the electric car company Tesla, as well as SpaceX and other ventures, says he plans to take Twitter private. If he does, the company will no longer be beholden to shareholders or publicly report its financial results, which have been mixed at best since the company went public in 2013.

 

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Knives out for Elon Musk on Capitol Hill following his acquisition of TwitterDemocrats are seeking out ways to go after Twitter following the acquisition of the social media platform by tech tycoon and self-described free-speech absolutist Elon Musk. Dems hate free speech! So no wonder! Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
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