Tag: Twitter

January 03, 2024 BY Elizabeth Anderson

X experiences another value cut after Fidelity markdown

This investment firm assisted Musk to seal the acquisition deal. Reportedly, Axios indicated a further 11% loss in value after a portfolio update for the Fidelity Blue Chip Growth Fund. X suffered a series of markdowns by Fidelity after it battled to hold onto platform advertisers. After the Twitter takeover, Musk implemented a string of…

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December 15, 2022 BY Steffy Bogdanova

SEC charges eight Twitter and Discord influencers with running a $100 million securities fraud scheme

Joseph Sansone, Chief of the SEC Enforcement Division’s Market Abuse Unit, said: As our complaint states, the defendants used social media to amass a large following of novice investors and then took advantage of their followers by repeatedly feeding them a steady diet of misinformation, which resulted in fraudulent profits of approximately $100 million. Today’s…

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Twitter acquired by Elon Musk
April 26, 2022 BY Steffy Bogdanova

Billionaire Elon Musk buys Twitter

Elon Musk commented: Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the…

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Major Twitter hack hits US politicians, celebrities and companies as part of a bitcoin scam
July 17, 2020 BY Steffy Bogdanova

Major Twitter attack hits US politicians, celebrities and companies as part of a bitcoin scam

CEO Jack Dorsey tweeted on Wednesday: Tough day for us at Twitter. We all feel terrible this happened. We're diagnosing and will share everything we can when we have a more complete understanding of exactly what happened. Twitter took steps to verify accounts and blocked users from tweeting bitcoin wallet addresses temporarily. CryptoForHealth.com website was…

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Twitter’s $787m earnings beats estimates of $776.1m
December 13, 2019 BY Mariela Naydenova

Twitter moves to blockchain

Jack Dorsey is an open supporter of the blockchain technology without a doubt. He recently travelled to Africa and commented on the fact that, according to him, Africa is the next big place for blockchain and cryptocurrencies. Apart from that, the CEO of Twitter is thinking of moving the platform to blockchain. On December 11th,…

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