Musk would have been appointed to the Twitter board on Saturday, but the richest man in the world told the company that day that he would not actually take a seat on the board.
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Twitter is due to report earnings for the first quarter of 2022, which could be one of the latest reports as a public company after its board agreed to sell Ilona Mask for $ 44 billion.
Here are the key figures:
- Earnings per share: According to a survey of Refinitiv analysts, 3 cents are expected
- Income: According to Refinitiv, $ 1.23 billion is expected
- Monetized Daily Active Users (mDAU): According to StreetAccount, 226.9 million is expected
Before the deal was officially announced on Monday, some analysts suggested that Twitter might want to close the deal before announcing such weak profits, expecting disappointments in the quarter.
Last week, Snap reported that its revenue was affected by macroeconomic trends, which amplify advertisers who may also affect Twitter.
Although it may take several months before the Mask Twitter purchase deal closes, the company has canceled its usual earnings conference in light of news of the acquisition on Monday.
Musk said he would like to use his property to make Twitter a more open platform, both through transparency of algorithms and processes and through greater tolerance for different views.
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