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FiveHundredCents
wrote a post04/28/2022 20:12
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Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid

Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Though it could still take months for Musk’s deal to buy $Twitter (Delisted)(TWTR.US)$ to close, the company canceled its usual earnings conference call in light of Monday’s acquisition news.
It could be one of its last as a public company after its board agreed to sell to $Tesla(TSLA.US)$ Elon Musk for $44 billion.
Before the deal was formally announced on Monday, some analysts speculated that Twitter might have wanted to finalize the deal before reporting earnings this week, anticipating a disappointing quarter.
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