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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Delayed Nasdaq  -  04:00:00 2023-01-30 pm EST
143.00 USD   -2.01%
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Apple and Amazon resume advertising on Twitter - reports

12/04/2022 | 05:35pm EST

Dec 3 (Reuters) - Amazon.com Inc and Apple Inc are planning to resume advertising on Twitter, according to media reports on Saturday.

The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon Musk's takeover prompted many companies to pull back.

Twitter billed the offer as the "biggest advertiser incentive ever on Twitter," according to the email reviewed by Reuters. U.S. advertisers who book $500,000 in incremental spending will qualify to have their spending matched with a "100% value add," up to a $1 million cap, the email said.

On Saturday, a Platformer News reporter tweeted that Amazon is planning to resume advertising on Twitter at about $100 million a year, pending some security tweaks to the company's ads platform.

However, a source familiar with the matter told Reuters that Amazon had never stopped advertising on Twitter.

Separately, during a Twitter Spaces conversation, Musk announced that Apple is the largest advertiser on Twitter and has "fully resumed" advertising on the platform, according to a Bloomberg report.

Musk's first month as Twitter's owner has included a slashing of staff including employees who work on content moderation and incidents of spammers impersonating major public companies, which has spooked the advertising industry.

Many companies from General Mills Inc to luxury automaker Audi of America stopped or paused advertising on Twitter since the acquisition, and Musk said in November that the company had seen a "massive" drop in revenue.

Apple and Twitter did not immediately respond to Reuters request for comment on the matter. (Reporting by Juby Babu and Akriti Sharma in Bengaluru; Additional reporting by Rhea Binoy; Editing by Lincoln Feast and Daniel Wallis)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -1.65% 100.55 Delayed Quote.19.70%
APPLE INC. -2.01% 143 Delayed Quote.10.06%
GENERAL MILLS, INC. 0.41% 78.21 Delayed Quote.-6.73%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2023 403 B - -
Net income 2023 96 337 M - -
Net cash 2023 56 936 M - -
P/E ratio 2023 23,3x
Yield 2023 0,68%
Capitalization 2 265 B 2 265 B -
EV / Sales 2023 5,48x
EV / Sales 2024 5,15x
Nbr of Employees 164 000
Free-Float 99,9%
Chart APPLE INC.
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Technical analysis trends APPLE INC.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 143,00 $
Average target price 168,09 $
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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