Technology

Visa suffered losses of $ 60 million after the suspension of activities in Russia
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Visa suffered losses of $ 60 million after the suspension of activities in Russia

The company spent $25 million to support its staff in Russia and Ukraine. Visa has suffered losses in the amount of $ 60 million due to the suspension of activities in Russia. The relevant data is contained in its quarterly reports. The company’s revenue for the three-month period ended March 31 totaled $7.2 billion and...
Elon Musk faces a penalty in case of termination of the Twitter purchase deal
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Elon Musk faces a penalty in case of termination of the Twitter purchase deal

In case of completion of the transaction, Elon Musk will receive 100% of the company’s shares. Elon Musk will have to pay a $1 billion penalty if he decides to withdraw from the deal to buy the social network Twitter. The size of the transaction is $ 44 billion. According to the terms of the...
Alphabet reported losses
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Alphabet reported losses

One of the reasons for this is Russia’s war with Ukraine. Alphabet Corporation, which owns Google, reported losses. One of the reasons for this is the war between Russia and Ukraine, which negatively affected the advertising sales of the YouTube video hosting. In the last two years, Alphabet’s sales have been growing rapidly – due...
Elon Musk spent $ 44 billion on the acquisition of the social network Twitter
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Elon Musk spent $ 44 billion on the acquisition of the social network Twitter

According to the PR Newswire portal, after the completion of the transaction, the company will become non-public. American entrepreneur Elon Musk acquired Twitter for $44 billion. The deal was announced in a Twitter press release by the PR Newswire portal. “Twitter, Inc. today announced the conclusion of a final agreement to acquire the company, wholly...
Twitter founder Jack Dorsey supported the acquisition of the company by Elon Musk
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Twitter founder Jack Dorsey supported the acquisition of the company by Elon Musk

Twitter should not be a company, but a public good, Dorsey noted. The founder and former CEO of Twitter, Jack Dorsey, supported the purchase of the company by American entrepreneur Elon Musk. He published a corresponding statement on his microblog. According to Dorsey, he regrets that Twitter, being a public company, actually belonged to investors...
Twitter’s development strategy after Musk’s purchase has not yet been determined
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Twitter’s development strategy after Musk’s purchase has not yet been determined

The head of the company clarified that he would consult with Musk on Twitter’s future plans. The American company Twitter does not yet have a clearly formulated development strategy after its acquisition by entrepreneur Elon Musk. This was announced on Tuesday by Twitter CEO Parag Agrawal at an internal meeting with employees. “After the deal...
Negotiations on the sale of Twitter to Elon Musk have reached the final stage
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Negotiations on the sale of Twitter to Elon Musk have reached the final stage

The company is developing the terms of the transaction. Negotiations on the sale of the American company Twitter to entrepreneur Elon Musk have reached the final stage, the parties can agree on a deal as early as Monday. This was reported by Bloomberg with reference to a source. According to him, the company is developing...