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MONDELEZ INTERNATIONAL, INC.

(MDLZ)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-08 pm EST
64.79 USD   -0.45%
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02/07MONDELEZ INTERNATIONAL, INC. Change in Directors or Principal Officers (form 8-K/A)
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Elon Musk's SpaceX buys ad campaign on Twitter for Starlink

11/14/2022 | 06:08am EST

Nov 14 (Reuters) - SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns both the rocket company and the social media platform that has seen an exodus of advertisers.

"SpaceX Starlink bought a tiny – not large – ad package to test effectiveness of Twitter advertising in Australia & Spain. Did same for FB/Insta/Google," Musk tweeted on Monday.

Twitter, which generated more than 90% of its second-quarter revenue from ad sales, has seen advertisers flee on fears that Musk would change the company's content-moderation rules.

Companies including General Motors Co, General Mills , Mondelez International and Volkswagen AG paused advertising on the platform after Musk acquired it last month.

"At the moment most clients are suspending their activities (on Twitter) because they're worried about extreme content and content moderation on the site," S4 Capital's Martin Sorrell said on Monday.

Sorrell added that it "doesn't pay to bet against" Musk and that he would "get it right in the end."

The chief executive of Tesla Inc and SpaceX had last week told advertisers that he aimed to turn the social media platform to pursue truth and put an end to fake accounts.

He also raised the possibility of Twitter going bankrupt days after disclosing that the platform had seen a "massive" drop in revenue and blamed activist groups pressuring advertisers.

Tesla shares fell about 2% in premarket trading after Musk said, "I have too much work on my plate that is for sure," when asked about his leadership at the EV maker and Twitter.

A Platformer reporter on Monday said Twitter has locked down its code base, freezing any production changes to its systems until further notice, citing an internal email.

That means engineers can add no new features, nor can they make changes to the existing Twitter experience. Exceptions will be made only if Musk says so explicitly, the tweet said. (Reporting by Akriti Sharma and Akash Sriram in Bengaluru; Additional reporting by Chavi Mehta; Editing by Vinay Dwivedi and Arun Koyyur)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MILLS, INC. -0.75% 75.74 Delayed Quote.-9.67%
GENERAL MOTORS COMPANY 0.41% 41.57 Delayed Quote.23.57%
MONDELEZ INTERNATIONAL, INC. -0.45% 64.79 Delayed Quote.-2.79%
TESLA, INC. 2.28% 201.29 Delayed Quote.63.41%
VOLKSWAGEN AG 0.70% 130.26 Delayed Quote.11.06%
All news about MONDELEZ INTERNATIONAL, INC.
02/08Mondelez international to present at cagny conference on february 21
AQ
02/07MONDELEZ INTERNATIONAL, INC. Change in Directors or Principal Officers (form 8-K/A)
AQ
02/07Tesco and Lidl square off in yellow on blue trademark row
RE
02/07Mondelēz International to Presentáat CAGNY Conference on February 21
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02/07Mondelēz International to Presentáat CAGNY Conference on February 21
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02/07Mondelez International, Inc. Appoints Anindita Mukherjee as Member of the Governance, M..
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02/06Cowen Adjusts Price Target on Mondelez International to $75 From $72, Maintains Outperf..
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02/06Ethics, Diversity, and Agility Wins Mondelez Africa's Top Employer Award for the Fourth..
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02/06Snack Maker Mondelez Earmarks EUR300 Million for EU Antitrust Investigation
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02/03MONDELEZ INTERNATIONAL, INC. Management's Discussion and Analysis of Financial Conditi..
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Financials (USD)
Sales 2023 34 093 M - -
Net income 2023 4 254 M - -
Net Debt 2023 20 380 M - -
P/E ratio 2023 20,5x
Yield 2023 2,45%
Capitalization 88 329 M 88 329 M -
EV / Sales 2023 3,19x
EV / Sales 2024 3,09x
Nbr of Employees 91 000
Free-Float 67,7%
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Technical analysis trends MONDELEZ INTERNATIONAL, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 64,79 $
Average target price 74,31 $
Spread / Average Target 14,7%
EPS Revisions
Managers and Directors
Dirk van de Put Chairman & Chief Executive Officer
Luca Zaramella Chief Financial Officer & Executive Vice President
Javier Polit Chief Information & Digital Officer
Daniel Ramos Executive VP, Chief Research & Development Officer
Lois D. Juliber Independent Director
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