/ 29 April 2022

A quick tech news wrap

There’s speculation that Elon Musk’s $62 billion acquisition of Twitter won’t go ahead. Last week, Musk outlined how he would finance the deal, but there are market jitters over questions about whether he’ll go through with it. Note: it would cost the world’s richest man US$1 billion – a sliver of his estimated US$240 billion fortune – to walk away. In other tech news, it’s company earnings season in the US. After posting its first-ever decline of daily active Facebook users in the 2nd quarter, Meta’s share price soared 18% after it reported that daily users had grown to 1.96 billion in the first 3 months of the year. It also posted its slowest revenue growth in at least a decade, so swings and roundabouts… Apple and Amazon’s results are out this morning so keep a look out…

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