Wednesday, December 21, 2022

In a Twitter Space, Elon Musk says he expects Twitter to "be okay" next year after cost cutting, claiming the company was on course to spend ~$5B in 2023 (Hannah Murphy/Financial Times)

Hannah Murphy / Financial Times:
In a Twitter Space, Elon Musk says he expects Twitter to “be okay” next year after cost cutting, claiming the company was on course to spend ~$5B in 2023  —  Social network's owner offers snapshot of dire finances to explain huge lay-offs since $44bn takeover



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...