Tag: jack dorsey
Tech Digest daily roundup: Elon Musk offers to buy Twitter for $41.39bn
Billionaire Elon Musk has offered to buy Twitter for $41.39bn, according to a regulatory filing. The Tesla chief executive's offer price of $54.20 per share was 38% higher than the closing price of Twitter's stock on 1 April, the last trading day before his investment of 9.2% in the company was publicly announced. "I invested…
Elon Musk pays nearly $3 billion for 9.2% Twitter stake
Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market trading. The Tesla founder bought 73,486,938 Twitter shares on 14 March, according to the Securities and Exchange Commission. The stake is worth $2.89bn (£2.20bn), based on Twitter's closing price on…
Tech Digest daily roundup: Boeing and Airbus call for 5G delay
Bosses from the world's two biggest plane makers have called on the US government to delay the rollout of new 5G phone services. In a letter, top executives at Boeing and Airbus warned that the technology could have "an enormous negative impact on the aviation industry." Concerns have previously been raised that C-Band spectrum 5G…
Tech Digest daily round up: Bumble founder joins Forbes Super-Rich list
Image via Wikipedia. Photo by Steve Jennings/Getty Images for TechCrunch You may never have heard of her - but the founder of dating app Bumble, Whitney Wolfe Herd, has joined Forbes list of the super-rich. And while others, such as fellow billionaire Kim Kardashian, are grabbing the headlines, there is an…
Tech Digest daily round up: First ever tweet up for sale
“just setting up my twttr” - the first ever tweet on the platform is up for sale after Twitter boss Jack Dorsey listed his famous post as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs). The post, sent from Dorsey’s account in March of 2006, received offers on Friday…
Tech Digest daily round up: Kings of Leon to release album as cryptocurrency
Kings of Leon (pictured above) are set to become the first-ever band to release an album as a cryptocurrency. The Tennessee rock group are to debut When You See Yourself in the form of a non-fungible token (NFT), a type of digital asset. The band is due to release three separate tokens that hold assets…
Twitter rolls out tool to filter abuse in direct messages
Twitter has launched a new filter tool which can hide spam and abusive messages that are sent to users via the platform’s direct messages feature. The tool adds a new section to the Message Requests area of the inbox, where messages from Twitter users you do not follow appear. Now, messages in that section which…
Twitter reveals revenue rise, daily user increase
Twitter reported a rise in revenue and daily active users as the social media platform published its latest financial results. The company said revenue for the last quarter was $841 million (£676 million), an increase of 18% compared to the same period last year. Monetisable daily active users (mDAU) – Twitter’s new preferred metric for…
Jack Dorsey payments firm Square to work with refugee entrepreneurs
Payment company Square is to support refugee entrepreneurs by providing them with equipment to take card payments for their small businesses. Announced as part of London Tech Week, the payment firm unveiled a partnership with the Entrepreneurial Refugee Network (Tern) to support those who have come to the UK and are trying to grow a…
Twitter revenue up 18%, but 6 million less active users than last year
Twitter has reported growth in revenue but saw monthly active users drop by six million on this time last year, the firm’s latest financial results show. The social media company’s revenue for the first quarter of 2019 was 787 million dollars (£605 million), up 18% on the same period last year and above analysts’ expectations.…
