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FACEBOOK INC

(FB)
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Twitter to introduce ticketing for audio 'Spaces' feature

05/03/2021 | 01:01pm EDT
FILE PHOTO: A Twitter logo is seen outside the company headquarters in San Francisco

(Reuters) - Twitter Inc said on Monday it will introduce a new feature to let users charge admission to their live audio chat rooms in its "Spaces" feature, as the social media company seeks to court more content creators.

Until now, only some users who were part of Twitter's pilot testing were able to host their own Space. Starting on Monday, any user with at least 600 followers can be a host, the company added.

Twitter introduced Spaces last year to compete with viral app Clubhouse, which jump-started the audio chat trend and attracted celebrities and entrepreneurs, but remains limited as an invite-only app.

Over the coming months, Twitter said a limited group of users will be able to sell tickets to access their Spaces conversations, and will determine their own pricing and how many tickets to make available. Hosts will keep the majority of the revenue, while Twitter will earn a "small amount," the company added.

The move is part of Twitter's effort to be a bigger player in the "creator economy," as influencers and independent writers are increasingly earning money from their content on platforms like YouTube or Substack.

Facebook last month announced its own plans for audio chat features, and also said it would allow listeners to tip hosts.

(Reporting by Sheila Dang in New York; Editing by Matthew Lewis)

By Sheila Dang


ę Reuters 2021
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Financials (USD)
Sales 2021 115 B - -
Net income 2021 37 793 M - -
Net cash 2021 82 139 M - -
P/E ratio 2021 24,6x
Yield 2021 -
Capitalization 905 B 905 B -
EV / Sales 2021 7,12x
EV / Sales 2022 5,83x
Nbr of Employees 60 654
Free-Float 84,2%
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Technical analysis trends FACEBOOK INC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 52
Average target price 381,46 $
Last Close Price 319,08 $
Spread / Highest target 44,2%
Spread / Average Target 19,5%
Spread / Lowest Target -31,1%
EPS Revisions
Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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