Free Republic

Twitter didn’t have as many users as it thought — a predicament that may have encouraged the company to more seriously consider its acceptance of Elon Musk’s proposal to take the company private in a $44 billion deal. According to Twitter’s Q1 2022 earnings out this morning, the company admits it had been overcounting the number of users on its service for at least 3 years due to a technical error involving linked accounts. In its earnings release, Twitter explains that it launched an account linking feature in March 2019 which allowed users with more than one Twitter account to...

IT'S OFFICIAL: 2005 WILL BE the newspaper industry's worst year since the last ad industry recession. And things aren't looking much better for next year either, according to a top Wall Street firm's report on newspaper publishing. "Sadly, 2005 is shaping up as the industry's worst year from a revenue growth perspective since the recession impacted 2001-2002 period," says the report from Goldman Sachs, adding a warning that meaningful growth in 2006 is "very unlikely."