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Twitter to Pay $150M In Settlement With FTC, DOJ for Allegedly Misusing Data

Twitter will pay $150 million to resolve a joint lawsuit from the Department of Justice and Federal Trade Commission accusing it of illegally giving advertisers access to users’ contact information for targeted advertising. “From at least May 2013 until at least September 2019, Twitter misrepresented to users of its online communication service the extent to […]

Jack Dorsey Endorses Elon Musk’s Twitter Takeover: “This Is the Right Path”

Twitter co-founder and former CEO Jack Dorsey appropriately took to the social media platform he used to run to offer his take on Elon Musk’s $44 billion takeover of the company he described as the “closest thing we have to a global consciousness.” In a series of Monday night tweets, which began with Dorsey posting […]

$978M for Jack Dorsey and $39M for Parag Agrawal: Twitter Execs Could See Massive Paydays If Elon Musk Takeover Closes

If Elon Musk’s takeover of Twitter is able to close, top executives at the company could receive enormous compensation packages, even if they might personally prefer to be running the company themselves. Twitter co-founder Jack Dorsey, who stepped down as CEO late last year, has long declined to take a salary from the social media […]

Twitter’s New CEO Parag Agrawal Received $30M Pay Package in 2021

Twitter CEO Parag Agrawal received a compensation package worth more than $30.3 million in 2021, tied to his promotion to the company’s top job. Agrawal succeeded Twitter co-founder Jack Dorsey late last year. Dorsey remained on Twitter’s board of directors after Agrawal’s promotion, but will leave when his term ends this year. Dorsey was paid […]

Twitter Hits 217 Million Daily Users, Stock Jumps

Social media giant Twitter has reported its fourth-quarter earnings and revenue, as well as growth in its number of daily active users, which reached 217 million, up 13 percent from a year-earlier 192 million users and up from 211 million users in the previous quarter. Analyst had forecast 218.6 million DAUs for the fourth quarter, […]

Twitter CEO Jack Dorsey to Step Down, Parag Agrawal Named Successor

Twitter CEO and co-founder Jack Dorsey will step down as the tech company’s chief executive. Parag Agrawal, Twitter’s CTO, will succeed Dorsey as the company’s new CEO, effective immediately. Twitter announced the news Monday, with the company’s board unanimously approving of Agrawal as Dorsey’s replacement. Dorsey will remain on Twitter’s board of directors through his […]

Twitter Misses On Earnings, Hits 211M Daily Users

Twitter reported revenue of of $1.28 billion in the third quarter of 2021, including advertising revenue of $1.14 billion. While ad revenue was up more than 40 percent year over year, the company missed Wall Street expectations on revenue and earnings per share, with a one-time $800 million lawsuit settlement pushing the company to a […]

Twitter Tops 206M Users, Soars Past Revenue Expectations

Twitter on Thursday reported that it now had more than 206 million monetizable daily active users, and revealed its Q2 earnings, which easily topped Wall Street expectations. Twitter reported revenue of $1.19 billion for the quarter (up 74 percent year over year), beating the $1.07 billion expectation, and earnings per share of $0.20, versus an […]