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Musk is struggling to get Twitter’s financials to work. Will he succeed?

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Twitter

Elon Musk has been tweeting a lot recently, and in many of his tweets he is trying to brag about his new expensive toy: Twitter. It is $44 billion Dollar expensive, to be precise, and Musk is keen to get engagement figures on the platform to increase. He is even more eager to get people to sign up and pay $8 a month to buy the Twitter blue check mark. Well, it is not necessarily going as he intended, as many users are migrating to other platforms, to the extent that some of those other platforms have temporarily suspended new signups due to overload.

Musk is fighting hard to get Twitter to generate revenue, even though he wants to reduce the role of advertisement in generating income. And there are several reasons why he wants to generate positive cash flow from Twitter very quickly.

The first reason has to do with the amount of debts that Twitter currently owes to creditors. Before the acquisition took place, Musk already owned more than 9 percent of Twitter’s shares, so he only had to buy the rest in his acquisition deal which he could not back out of. In order to partially finance the deal, he had to sell $15.5 billion worth of shares in Tesla, whose share CFDs you can trade with a renowned broker like easymarkets.com.

Institutional and individual investors

The rest of the money came from different sources. Investment funds and institutional investors like Qatar Holding, which is under the control of Qatar’s sovereign wealth fund, the Qatar Investment Authority, contributed with funds. Individual investors like Alwaleed Bin Tala and Larry Ellison, the co-founder of software company Oracle, also contributed. The latter wrote a $1 billion cheque to buy shares in the social media company.

Loans

Yet, Musk is probably not worried about the money raised from investors. He is rather concerned about the loans raised to complete the payment of $44 billion. Loans from banks amounted to $13.5 to fund the purchase. Those banks include Japanese banks Mitsubishi UFJ Financial Group and Mizuho, Barclays and the French banks Societe Generale and BNP Paribas, among others.

Those loans have interest payments attached to them, and in such a high interest rate environment, this debt service periodic payment is likely to be huge. According to some estimates, those payments could amount to $1 billion per year. No wonder Musk is tweeting and trying to hype up the platform.

What the future holds for Twitter

At the end of last year, and based on publicly available documents, Twitter already owed more than $4 billion in long term debt – and that is before the acquisition. In the first half of 2022, it seems that the company operated at a loss. Bringing the company back to the private sphere will also close an available avenue for funding in case troubles begin to brew (if they haven’t begun to do so already).

Risks are mounting, and it is unlikely that subscriptions will compensate for the drop in revenues from advertisement, due not only to Musk’s intentions to reduce reliance on ads, but also due to many companies holding back on using the platform for promoting their products and services. Whether Musk will be able to achieve a turnaround is yet to be seen. Even if he does, it will have to be a really big and impressive one. Musk should perhaps tweet less and focus on strategy more.

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Government agency warns of high severity vulnerability in Apple devices

The vulnerability also effects iOS and iPad versions before the16.7.7 update, which is available on iPhone 8, iPhone 8 Plus, iPhone X, iPad gen 5,iPad Pro 9.7 –inch, and iPad Pro 12.9-inch gen1.

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The Indian Computer Emergency Response team has issued warning for Apple devices. The agency has given a high severity rating to the issue. The government body has found remote code execution vulnerability in Apple devices. This can leave a device vulnerable to exploitation by a hacker, who could remotely gain access on a device and execute arbitrary code on the targeted system.

According to the CERT warning, the vulnerability effects iPhone and iPad users whose devices are on iOS and iPadOS versions prior to 17.4.1. This version is available for all iPhones after iPhone XS, iPadPro 12.9-inch 2nd generation and later, all versions after iPad Pro 10.5 inch, iPad Pro 11-inch 1st generation and later, iPad Air gen 3 and later, iPad gen 6 and later, and iPad mini version after gen 5.

The vulnerability also effects iOS and iPad versions before the16.7.7 update, which is available on iPhone 8, iPhone 8 Plus, iPhone X, iPad gen 5,iPad Pro 9.7 –inch, and iPad Pro 12.9-inch gen1. In addition to that, the remote code execution vulnerability also affects Apple Safari versions prior to 17.4.1, which is available for MacOS venture versions prior to 13.6.6, and mac OS Sonoma versions prior to 14.4.1.

Apart from the iPhone, Macbook, iPad, there is also a warning for Vision Pro headset users, due to vulnerability in the Vision OS versions before 1.1.1. The vulnerability note on the CERT-in website reveals that the issue is due to an out of bounds write issue in WebRTC and Core Media. This means that the security flaw could let a hacker trick someone into visiting a specific link, which could then be used to attack the device remotely.

Successful exploitation of this vulnerability could lead an attacker to execute arbitrary code on the targeted system. In order to ensure security of one’s devices the Apple iOS and iPadOS devices should be updated with the latest software versions to benefit from security fixes.

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Bill Gates hits the right chai note in insta reel, shares video

The video shared by the Gates begins by him saying One Chai Please to Dolly Chaiwala. Dolly Chaiwala runs the Dolly ki Tapri Nagpur page on Instagram and he became famous for his distinct style of making and serving tea. As the video progresses, Gates says that he is excited to be back in India which is the home to incredible innovators, working on new ways to save and improve lives and even make a cup of tea.

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Bill Gates, the co-founder of Microsoft shared a delightful video on his Instagram handle. In the video the Tech Tycoon experiences the local culture in a very personal way – by enjoying a cup of chai. The video has gone viral on social media platforms features Bill Gates along with Nagpur’s famous Dolly Chaiwala.

The video shared by the Gates begins by him saying One Chai Please to Dolly Chaiwala. Dolly Chaiwala runs the Dolly ki Tapri Nagpur page on Instagram and he became famous for his distinct style of making and serving tea. As the video progresses, Gates says that he is excited to be back in India which is the home to incredible innovators, working on new ways to save and improve lives and even make a cup of tea. The video ends with an on screen caption which reads Looking Forward To Many Chai Pe Charcha!

Sharing the video Bill Gates captioned it: In India, you can find innovation everywhere you turn – even in the preparation of a simple cup of tea! The original video shared by Bill Gates has so far got 1,844,998 likes till now. Large number of social media users commented on the video. Swiggyindia asked him how much did he pay for the cup of tea? One user ShekharNishad was of the opinion that every Indian will be shocked after watching this video. One user said the video is superb. Another user said Dolly Chaiwala is the luckiest guy on earth.

Gates has been in India for quite some time and during his visit so far, he has visited Microsoft’s India Development Centre (IDC) in Hyderabad, a slum in Bhubaneshwar, and Biju Adarsh Colony in the Maa Mangla Basti along with state government officials. But his visit to Nagpur’s Chaiwala has left people on social media surprised.

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Xiaomi launches Redmi A3 smartphone in India, prices start Rs 7,299

The smartphone will go on sale from Februray 23 and can be bought from Mi.com, Flipkart and other retail outlets. The Redmi A3 features a 6.7-inch HD+LCD Display with a resolution of 1650×720 pixels and support for a 90 Hz refresh rate.

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Xiaomi launched its Redmi A3 smartphone in India on Wednesday at a starting price of Rs 7,299. The Redmi A3 comes in Halo design on the back, which is usually seen in more expensive Redmi smartphones. The Redmi A3 is priced at Rs 7,299 for the 3GB RAM/64 GB storage variant and Rs 9,299 for the 6GB RAM/128GB storage variant.

The smartphone will go on sale from Februray 23 and can be bought from Mi.com, Flipkart and other retail outlets. The Redmi A3 features a 6.7-inch HD+LCD Display with a resolution of 1650×720 pixels and support for a 90 Hz refresh rate. The budget smartphone also features a waterdrop style notch which has the front facing camera with a Corning Gorilla Glass 3 protection on top.

The Redmi A3 smartphone is powered by the octa-core Media Tek Helio G36 chipset which is paired with upto 6GB of LPDDR4x RAM and upto 128 GB of eMMC 5.1 storage (which is expandable upto 1TB via the dedicated micro SD card slot). The smartphone runs on the company’s proprietary MIUI 14 custom skin based on the Android 13 operating system.

redmi

The Redmi A3 smartphone has a 5000 mAh battery that can be fast charged with a 10 W charger provided inside the box. In terms of connectivity the smartphone features a side mounted finger print sensor, a 3.5 mm headphone jack, a USB type C port, dual 4G SIM card slots, dual-band Wifi, Bluetooth 5.3, and GNSS.

redmi1

In terms of optics, The Redmi A3 comes with dual camera setup to the back including a 8MP primary sensor and a 0.08MP secondary sensor. The smartphone also includes a 5MP front facing shooter to meet all the selfie and video call related requirements. The Redmi A3 has three colour options Lake Blue, Midnight Black and Olive Green.

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