“How to Delete Twitter” searches up 1011% since Musk announcement

  • Online searches for “How to Delete Twitter” up 1011% in past 24 hours
  • “Delete Twitter” searches up 560%
  • “Twitter Alternatives” searches up 300%
  • “Mastodon” one of Twitters main competitors, has seen searches jump 455.5%
  • However, “How to Sign up to Twitter” searches are up 147.3%
  • “Twitter Sign Up” also up 50%, but is sharply increasing in past few hours

Data in full below, hope this is of use to you! Any questions feel free to get in touch. 

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“How to Delete Twitter” searches up 1011% since Elon Musk takeover announcement

Elon Musk’s Twitter takeover is now complete, but what does it mean for the social media giant? 

The 51 year old business magnate has promised to ring the changes, but it seems Twitters current user base isn’t happy. 

Searches for “How to Delete Twitter” have increased 1011% in the past 24 hours, while searches for “Delete Twitter” have also jumped 560%

Could this be an opportunity for some competitors to gain an advantage? The Data certainly suggests so, with searches for “Twitter Alternatives” up 300%. 

Searches for micro-blogging service “Mastodon”, which has a distinctly Twitter-like feel, have jumped 455.5% also

It’s not a complete exodus however, since Musk closed the deal searches for “How to Sign up to Twitter” have increased 147.3%. There has been a small spike in searches for “Twitter Sign Up” also, with a 50% boost, however data shows a sharp increase in searches in the past 2 hours alone, so watch this space.

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**Data gathered over the past 24 hours, up to 9am GMT**

For more information please contact JJ@Digitalfunnel.ie 

Release compiled by Digital Funnel on behalf of Wisetek

Elon Musk Going Ahead with Buying Twitter: Stock Spikes

Do you remember back in April when Elon Musk, the head of Tesla (TSLA) said that he was buying Twitter (TWTR) at $54.20 per share?

by Fred Fuld III

Do you remember back in April when Elon Musk, the head of Tesla (TSLA) said that he was buying Twitter (TWTR) at $54.20 per share?

However, Musk attempted to back out of the agreement, primarily giving a reason of too many fake Twitter accounts.

But Twitter sued Musk in court for performance, requesting that he go through with the deal.

According to sources, Musk has decided to move forward with the takeover of Twitter.

This happened just shortly before a deposition was taken of Musk by Twitter lawyers.

The news caused Twitter to spike in price today, closing at $52 per share, up $9.14 or 22.24%. In after-market trading, the stock dropped a little from its close, falling 70 cents.

This transaction will cost Elon Musk $44 billion.

Disclosure: Author did not own any of the above at the time the article was written.

Elon Musk Owns Shares In A Beverly Hills Entertainment Co.

by Fred Fuld III

Elon Musk is involved in a lot of businesses, including Tesla (TSLA), the Boring Company, SpaceX, and Neuralink, and almost became the head of Twitter (TWTR).

Elon Musk

However, many investors don’t realize that Musk has been on the Board of Directors of a company called Endeavor Group Holdings, Inc. (EDR).

In addition, Elon Musk owns 7,583 shares of Endeavor Group Holdings, according to a recent SEC Form 4 filing.

Musk has been a director of the company since its IPO, but has resigned as of June 30.

So what is this Endeavor Group Holdings?

Endeavor, formerly named William Morris Endeavor Entertainment, is located on Wilshire Boulevard in Beverly Hills.

It is an entertainment conglomerate. It owns such businesses as UFC, the talent management company IMG, Professional Bull Riders, Miss Universe, and nine Minor League Baseball Teams.

The company has a market cap of $6.2 billion, and a sky high price to earnings ratio of 730. However, it does have a reasonable price sales ratio of 1.10.

Revenues year-over-year have gone from $3.48 billion in 2020 to $5.08 billion in 2021.

The Endeavor Talent Agency launched in 1995. In 2009, WMA and the Endeavor Talent Agency merged to form William Morris Endeavor, or WME.

Endeavor executives Ari Emanuel and Patrick Whitesell became co-CEOs.

On April 28, 2021, Endeavor Group went public on the New York Stock Exchange.

Disclosure: Author has a short option position in TSLA.

Elon Musk’s Letter to Twitter Canceling His Acquisition of Twitter

by Fred Fuld III

By now, you should have heard the news. Elon Musk, the head of Tesla (TSLA), has decided to cancel his acquisition of Twitter (TWTR).

Musk is claiming that Twitter is in material breach of multiple provisions of the agreement, and has also claimed that the company has more bot accounts than what Twitter claims it has.

Musk originally agreed to buy the company at $54.20 a share. Twitter stock is now down to 35.04 in after-market trading as of last Friday, July 8, 2022.

Do you want to see the actual letter dated July 8 that Elon Musk sent to Twitter’s chief legal officer through Musk’s attorney? Here is the link:

Elon Musk Letter from his Attorneys Canceling the Twitter Acquisition

 

First Twitter is Taken Over: What Stock is Next?

by Fred Fuld III

I’m sure all of you have heard the news that Elon Musk is buying Twitter (TWTR) for $44 billion at $54.20 per share. What some investors are wondering is if there are any other companies that may be bought out.

Twitter falls into the category of Internet Content & Information. Obviously, some of these stocks are extremely large and unlikely to be bought by anyone or any company. But anything is possible. Plus, with the stock market in general, some of these companies might be reaching a favorable buy range.

The following companies are all Internet Content & Information companies, all are profitable with all but one having price to earnings ratios less than 40, all have sales growth over the last five years in excess of 5%, and all have earnings per share growth this year of over 10%.

Company Symbol Market Cap P/E
Meta Platforms, Inc. FB 552.56B 13.56
Gaia, Inc. GAIA 111.99M 28.78
Alphabet Inc. GOOGL 1742.60B 21.93
Pinterest, Inc. PINS 14.23B 39.14
Shutterstock, Inc. SSTK 2.94B 31.57
Yelp Inc. YELP 2.57B 67.07

Keep an eye on these companies during the next few weeks.

 

Disclosure: Author didn’t own any of the above at the time the article was written.

Should You Buy Non-Fungible Tokens (NFTs)?

by Fred Fuld III

You may have read about all the hype over the last few months regarding non-fungible tokens, more commonly called NFTs, and occasionally referred to as nifties.

If you don’t know what an NFT is, I will try to explain it as simple as I can. An NFT is a digital asset, such as a jpg or png artwork, a gif, a cartoon, music, a video, digital sports cards, video game assets, and even naming rights to a giant sea bass. The NFT is recorded on a blockchain which secures the ownership of the asset and certifies that the asset is unique, or one of a very limited quantity.

Stock Ticker Man Spitting Out Money

Stock Ticker Man Spitting Out Money NFT

The NFTs are usually sold on platforms such as OpenSea, Rarible, SuperRare, and Foundation, with cryptocurrency, such as Ether, being the primary currency. Some sales have facilitators for buyers who just want to pay by credit card or check.

The prices of many of these NFTs has been skyrocketing. Last year, the NFT market was about $250 million. For the first quarter of this year, sales jumped to $2 billion. You may have heard that Jack Dorsey, the CEO of Twitter (TWTR), sold an NFT of his first tweet for $2.9 million.

Michelle Phillips, vocalist with the Mamas & the Papas, songwriter, and actress has gotten in on the act. A couple months ago, I interviewed her about her NFT auction (I believe it was her only NFT auction interview) and all ten of her NFTs  sold out.

With regards to buying NFTs as an investment, I won’t comment on that because I never make investment recommendations. However, you should treat NFTs like art or collectables. If you like what you see and you plan to hold on to it without the expectation of reselling at a profit, then maybe you should buy it.

You might even want to create your own NFT. Click HERE for an example of a stock market themed NFT for sale on Rarible.

 

Who Owns the One Letter Domain Names?

by Fred Fuld III

Domain names have become a hot investment over the last 20 years, with several selling for over a million dollars. In case you are not familiar with them, domain names are, in very simple terms, the website address. For example apple.com, facebook.com, and google.com are all domain names. The most common ones end in .com but some end in .net, .org. .biz, .co, and other top level domains.

Did you ever wonder who owns a.com, b.com, or c.com. There are only twenty six letter domains that are even possible, but getting those one letter domains is even more difficult to get than one letter stock ticker symbols.

To start with, the dot com letters ‘a’ through ‘p’, ‘r’ through ‘w’, and the letter ‘y’ are all controlled by the Internet Assigned Numbers Authority, also known as the IANA, the organization which oversees the allocation of IP addresses and domain names.

In case you were wondering about the zero dot com through 9.com domains, they are controlled by the Internet Assigned Numbers Authority.

Some companies were lucky enough to register one letter dot com domains before December 1, 1993 (or buy them from someone who registered them by that date), as the Internet Assigned Numbers Authority put a restriction on single character domains at that time.

But there are still a few that are owned by companies.

a.co is owned by Amazon (AMZN).

g.co is owned by Google (GOOG)

s.co is owned by Snapchat (SNAP)

o.co and o.info are both owned by Overstock.com (OSTK).

0.co (that’s a zero dot co) is owned by Overstock.com (OSTK).

0.info (that’s a zero dot info) is also owned by Overstock.com (OSTK).

q.com is being used by Quantum Fiber.

t.co is owned by Twitter (TWTR).

x.com has been owned by x.commerce, which was developed by eBay (EBAY). Current ownership shows up as being private.

x.co has been owned by GoDaddy to be used as a URL shortener..

y.co is owned by XBN Ltd., formerly YCO Group, a luxury yacht company, which is a subsidiary of Fifty Four Four Ltd..

z.com used to be owned by Nissan North America Inc., which is owned by Nissan Motor (NSANY), which trades on NASDAQ. It is now owned by GMO Internet, Inc. (GMOYF), a Japan based Internet services company which trades on the Tokyo exchange and the US OTC Market.

i.net is owned by Future Media Architects, a privately held company based in the British Virgin Islands.

c.tv, h.tv, k.tv, l.tv, o.tv, q.tv, s.tv, t.tv, w.tv, y.tv, and z.tv are also owned by Future Media Architects.

d.tv has been owned by Worldwide Media, Inc. publisher of  TheDomains.com.

u.tv is owned by ITV plc (ITVPY), a British media company. The company trades on the London Stock Exchange and the US OTC Market.

Want to know what companies have one letter stock ticker symbols? Here they are:

Agilent Technologies Inc. (A)

Barnes Group Inc. (B)

Citigroup, Inc. (C) formerly the symbol for Chrysler

Dominion Energy, Inc. (D)

Eni SpA (E)

Ford Motor Co. (F)

Genpact Ltd. (G) formerly the symbol for Gillette

Hyatt Hotels (H)

Jacobs Engineering (J)

Kellogg Company (K)

Loews Corporation (L)

Macy’s, Inc. (M)

Realty Income Corp. (O)

Ryder System, Inc. (R)

SentinelOne (S) formerly the symbol for Sprint Nextel Corp. and formerly the symbol for Sears Roebuck

AT&T, Inc. (T)

Unity Software (U)

Visa, Inc. (V)

Wayfair (W)

United States Steel Corp. (X)

Alleghany Corp. (Y)

Zillow (Z) formerly the symbol for Woolworth, now known as Foot Locker (FL)

 

Let’s Say You’re Dead: Give Your Heirs a Break

by Fred Fuld III

Most people who think about estate planning are aware of and have probably set up wills and living trusts, and possibly medical advance directives and durable powers of attorney.

However, because so much is done online, your heirs may not be aware of all your cyber accounts. Are they aware that you have PayPal (PYPL)? Do you have any savings accounts with an online bank? What about online brokerage accounts where you have opted out of paper deliveries?

There are a lot of issues to consider beyond the will and trust. Here are just some of the tasks that you should consider to make things easier for your heirs with regards to online accounts.

Keep Track of All Your Online Accounts

The first place to start is identifying all the online accounts that you have along with logins and passwords. Some people like to type out a list on a Word document or text document. I personally don’t like that idea, unless the file is well protected and encrypted. Otherwise, if your computer is hacked, the hacker will have access to everything.

Others just write down a list of all those logins and passwords on a piece of paper. I have a friend who’s list is currently three pages long. I don’t like this practice either as it takes a long time to search through, since it is not alphabetized, and find the particular website that you are looking for.

I personally like using an Email and Website Password Logbook. These journals have alphabetized pages, so that all the accounts that begin with A are in the first section, all the Bs in the second section, and so forth. That way, I don’t have to look all over the place to find the password I want.

Since everything is handwritten on a hard copy, it can’t be hacked. (Just don’t lose it.) It is also a central repository for all your online accounts, which will make it simpler for your heirs to find everything.

Requirements for Account Liquidation Upon Death

It might be helpful to make your heirs aware of the requirements to liquidate online monetary accounts and stock brokerage accounts. For example, the requirements for PayPal are:

  • A cover sheet from the Requestor (or a person who is duly appointed or authorized to administer the estate of the deceased customer) identifying the account by the primary email address and request to have PayPal account closed
  • A copy of the death certificate for the account holder
  • A copy of a government issued photo ID (such as a driver’s license, passport or state-issued ID) of the Requestor
  • Legal documentation or a copy of the will that identifies the executor of the estate
  • State issued documentation if a living will is not present

Most online bank and brokerage accounts will require similar documents.

Facebook Accounts After Death

Social media accounts have special requirements in the event of death. As an example, Facebook (FB) has two options upon the death of the accountholder.  You can either have your account permanently deleted, which you can setup now while you are still alive, or you can have a Memorialized Account and it can be controlled by a legacy contact. Your legacy contact can be identified now also.

Twitter Accounts After Death

Twitter (TWTR) allows the removal of the account of a deceased person or an incapacitated person, with the submission of appropriate documents.

LinkedIn Accounts After Death

LinkedIn has an online form that can be filled out in order to remove the profile of someone who has passed away.

Instagram Accounts After Death

Instagram has similar options to Facebook. The account can be memorialized or it can be removed. For removal, they request the following:

  • The deceased person’s birth certificate
  • The deceased person’s death certificate
  • Proof of authority under local law that you are the lawful representative of the deceased person, or his/her estate

For other social media accounts, check out their Help link.

Email Accounts After Death

In terms of the deceased emails, this can be a delicate issue. You probably want your heirs to have access to your email accounts, especially those connected to bank and brokerage accounts, and accounts that are exclusively phone app based.

If there are any emails that you are uncomfortable with your heirs seeing, they should obviously be deleted, now.

Then there is the issue of if and who to contact about your passing. A friend of mine who I hadn’t contacted for a couple months had passed away shortly after I last called him. I received no email notification about his passing or the memorial service, even though I was on his email contact list. I only found out about it a month and a half later after reaching one of his relatives when I discovered my friend’s phone was disconnected.

Therefore, it would be helpful to provide a list of who you want contacted upon your death, along with emails, and possibly phone numbers.

You probably don’t want your heirs to do a mass email of all contacts, including the plumber you emailed two years ago, all the email newsletters that you subscribe to, the restaurant that you made an online reservation with, and so forth. So some filtering will be necessary.

Online Bank Accounts and Bills After Death

If you receive many of your bills by email, your heirs will need access to both your email account and your online bank account. Many bank customers have set up their account to autopay various bills.

Heirs need to review all bills, contact the bank right away, make sure that important bills, such as mortgage payments, are continued to be paid, and determine which other accounts may need to be cancelled, such as cable TV bills.

Online Stock Brokerage Accounts After Death

Remember that some brokerage accounts may be exclusively app based, such as Robinhood or WeBull. Most brokerage account liquidations will have similar requirements for submitting documents, however, the big issue is the sale of the stocks and bonds in the portfolio; in other words, when and how it is that done, or can the existing stocks be kept and transferred to the heirs. I suggest that you contact your own broker to get the details on the requirements and policies, if you want that info available for your heirs.

Your Cell Phone After Death

If you use dual-factor identification, access to your cell phone will be necessary. But even if you don’t, you will probably want your heirs to have access to it. Important phone calls may come in for a while, and heirs may need to access some of your finance related apps.

In your central password holding resource, don’t forget to include your cell phone’s passcode. I use this Password Logbook which sells for less than $7 on Amazon (AMZN).

Living Trusts

If you haven’t already, talk to an attorney about setting up a living trust and transferring your online bank accounts and your online brokerage accounts into the trust.

Anyone who has dealt with the death of a parent or other close relative knows the hassles involved. If you want to help out your heirs, it is a good idea to be proactive, especially when it comes to online accounts.

 

 

Disclosure: Author owns PYPL, AMZN, and TWTR. Affiliated links.

Top Stock Symbol Searches on Twitter

by Fred Fuld III

Twitter (TWTR) has become one of the leading social media services for posting stock trading and investing ideas. If you are wondering what stocks people are currently searching for, here is a list of the latest top searches.

Tesla TSLA
NeoGenomics NEO
BTC Health BTC
SysGroup SYS
APPC APPC
Alibaba BABA
Celgene CELG
DRGN DRGN
National Beverage FIZZ
MiMedx MDXG
Pan Orient POE
Real Biz Media RBIZ
WAN WAN

Less Than a Year Ago, I Said Twitter was a Screaming Buy – Was I Right?

by Fred Fuld III

It was only about ten months ago, on August 2, 2017, that I wrote the article, Why Twitter is a Screaming Buy. I discussed several reasons, including Twitter’s biggest asset (Donald Trump). Also, an extensive coverage of earnings and the lack thereof. I also came up with some suggestions about how Twitter could improve its revenues.

At the time that I wrote the article, the stock was trading for less than $16 a share. It closed at the end of the day at 16.07.  What’s it trading for now? Currently, the stock is up 3% so far today, trading at 40.94.

What’s the return if you had bought the stock back on August 2? A very respectable 155%! Not bad for a holding period of less than a year.

The bird is flying!!!

 

Disclosure: Author owns TWTR.