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Why Twitter is flying in 2021

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Twitter is doing better than analysts are expecting, even though it’s banned one of its best content makers.

With President Trump out of the White House and off the platform, investors were worried it would hit the social media company’s bottom line.

But that’s not to be – net profit for Twitter was $66 million.

Twitter posted better-than-expected results for the recently ended quarter with gains in revenue, profit and its user base, sparking a rally in shares of the messaging platform.

The social giant beats Wall Street expectations

Net profit was $US66 million on revenue that surged to $US1.19 billion

That compared to a loss of $US1.38 billion in the same quarter a year earlier, according to the San Francisco-based tech firm.

The closely watched figure of “monetizable” daily users rose to 206 million in the quarter, an 11 percent increase from the same period last year.

More people are Twitting than ever before

Twitter said in its statement that more people were on the platform as a result of “ongoing product improvements and global conversation around current events.” 

Market watchers had been concerned that the departure of former US President Donald Trump from the platform and the lack of election-year frenzy might cause use to ebb.

Twitter shares were up more than 6 percent in after-market trades that followed the release of the earnings figures.

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Money

Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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