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TWITTER MONETISABLE DAILY ACTIVE USER HITS 237.8M AS FIRM SPENT $33M ON MUSK DEAL

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In this file photo illustration taken on April 26, 2022, a phone screen displays the Twitter logo on a Twitter page background, in Washington, DC. – Twitter released mixed first-quarter results on April 28, 2022, with revenues missing estimates but active users rising, three days after agreeing to be acquired by Elon Musk for $44 billion. The micro-blogging platform reported profits of $513.3 million, more than seven times the year-ago level following a one-time gain from a divestiture. Revenues rose 16 percent to $1.2 billion, a bit below the $1.22 billion expected by analysts. (Photo by Olivier DOULIERY / AFP)

Microblogging platform, Twitter grew its monetisable daily active user (mDAUs) by 16.6 per cent on a year-on-year basis to 237.8 million, though the figure fell marginally shot of estimates, pegged initially at 238.08 million.

In its Quarter two (Q2) financial report, released at the weekend, Twitter disclosed that it has spent $33 million on the ongoing Elon Musk’s acquisition deal, which has been subject of serious allegation.

Already, Twitter’s lawsuit to hold Musk to his $44 billion takeover of the microblogging site will go to trial in October after a Delaware judge said that the social media company deserved a quick resolution of the deal’s uncertainty.

In the Q2 result, Twitter said revenue slid one per cent year over year to $1.18 billion. The company partially blamed the revenue drop on ad industry headwinds tied to the broader challenging macroeconomic environment, as well as “uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.”

Twitter and other social media companies with a heavy reliance on advertising have felt the weight of economic challenges, as fears around inflation, interest rate concerns, continued supply chain issues and the war in Ukraine led some advertisers and brands to adjust their ad spend.

Last Thursday, Snap reported disappointing second-quarter results, and said it plans to slow hiring due to weakening revenue growth, causing its shares to plunge 25 per cent in extended trading.

Given the pending acquisition by Musk, Twitter said it will not provide forward-looking guidance for the third quarter. It’s also not hosting a conference call with analysts to discuss the earnings results.

Costs and expenses during the quarter ballooned 31 per cent year over year to $1.52 billion. The company swung to a loss of eight cents per share, reporting its first adjusted loss in two years and the second in its history.

Twitter said costs related to the Musk acquisition were approximately $33 million in Q2. Severance-related expenses were approximately $19 million in the second quarter. Twitter is locked in a legal battle with Musk over his proposed $44 billion acquisition of the company. The Tesla CEO has tried to back out of the deal. Musk claims Twitter underreported the number of spam and fraud accounts and failed to provide information about fake accounts. Twitter sued Musk and some of his associates earlier this month over allegations the billionaire “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”

Further analysis of the report showed that Twitter had operating loss of $344 million, representing a -29 per cent operating margin, compared to operating income of $30 million or three per cent operating margin in the same period last year.

Net loss was $270 million, representing a net margin of -23 per cent and diluted EPS of -$0.35. This compares to net income of $66 million, a net margin of six per cent and diluted EPS of $0.08 in the same period last year.

Net cash provided by operating activities in the quarter was $30 million, compared to $382 million in the same period last year. Capital expenditures totaled $154 million, compared to $276 million in the same period last year.

THE GUARDIAN

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CHINESE ROCKET THAT FELL INTO THE MOON CARRYING A ‘SECRET OBJECT’

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A mysterious object crashed into the Moon last year, and scientists think they’ve finally figured out what it was.

On March 4, 2022, a piece of space junk hurtled towards the surface of our celestial companion, leaving behind not one but two craters – prompting speculation as to what exactly the manmade object was.

And now, in a paper published in the Planetary Science Journal, a team of researchers at the University of Arizona (UArizona) have offered “definitive proof” that it was a booster from a Chinese space rocket that had spent several years hurtling through space. Yes. Chines rocket.

But the most interesting part of all this? The defunct piece of spacecraft was apparently carrying a secret cargo.

Initially, based on its path through the sky, the UArizona team thought it was an errant SpaceX Falcon 9 rocket booster from a 2015 launch.

However, after analysing how precise light signals bounced off its surface, they later concluded that it was more likely to be a booster from a Chang’e 5-T1 – a Chinese rocket launched back in 2014 as part of China’s lunar exploration programme.

And yet, the Chinese space agency denied ownership, insisting that their rocket booster burned up in the Earth’s atmosphere upon re-entry.

But the US Space Command refuted this claim by revealing that the rocket’s third stage never re-entered the planet’s atmosphere.

From left: Chang’e 5-T1 on the launch pad at Xichang; its reentry capsule before the mission

Furthermore, two key pieces of evidence gathered by the UArizona researchers suggested that there was more to the object than just a simple abandoned rocket booster.

Firstly, the way it reflected light.

The paper’s lead author, Tanner Campbell, explained in a statement: “Something that’s been in space as long as this is subjected to forces from the Earth’s and the moon’s gravity and the light from the sun, so you would expect it to wobble a little bit, particularly when you consider that the rocket body is a big empty shell with a heavy engine on one side.

“But this was just tumbling end-over-end, in a very stable way.”

In other words, the rocket booster must have had some kind of counterweight to its two engines, each of which would have weighed around 545kg (1,200lbs) without fuel.

The stability with which the object rotated led Campbell and his colleagues to deduce that “there must have been something more mounted to [its] front”.

Secondly, the team were struck by the impact the booster left when it slammed into the Moon.

It created two craters, around 100ft (30.5 metres) apart, instead of one, which, according to Campbell was very unusual.

An image of the double crater taken by NASA’s Lunar Reconnaissance Orbiter NASA/GSFC/Arizona State University

He pointed out that the craters left behind by Apollo rockets are either round, if the object came straight down, or oblong if it crashed down at a shallow angle.

“This is the first time we see a double crater,” he said. “We know that in the case of Chang’e 5 T1, its impact was almost straight down, and to get those two craters of about the same size, you need two roughly equal masses that are apart from each other.”

And yet, despite the rigour of their investigation, the UArizona team have been unable to identify what exactly this additional object was.

“We have no idea what it might have been – perhaps some extra support structure, or additional instrumentation, or something else,” Campbell admitted.

“We probably won’t ever know.”

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CITY TRAVELS AND ROPEWAYS THROUGH THE SKY

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Cable-suspended gondola (car) over a city sky

Can you imagine a future of ropeway commuter travel suspended above newly congestion-free cities?

City travels and ropeways through the sky is a story of Start-up Zip Infrastructure, Inc. And how it sees value in the “dead space” above roads and is developing the Zippar self-propelled ropeway as a next-generation transport system to leverage it.

It features EV-gondolas and ropes that are designed to be independent of each other, which means that curves and lane-branches can be freely installed anywhere.

A successful test of a 12-seater model vehicle on a demonstration line took place in 2023, and the system is expected to see practical use in 2025.

City travels and ropeways through the sky holds a very beautiful and convenient future for city commuting in ways that shows that good technological innovations would always ease life in our cities.

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THE ENGINEERING MARVEL OF CHESAPEAKE BAY BRIDGE-TUNNEL

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The engineering marvel of Chesapeake Bay Bridge-Tunnel, officially Lucius J. Kellam, Jr. Bridge-Tunnel, always stands out, as a complex of trestles, artificial islands, tunnels, and bridges that runs across the entrance to Chesapeake Bay in Virginia, providing a vehicular roadway between the Norfolk–Hampton Roads area (southwest) and Cape Charles at the tip of the Delmarva Peninsula (northeast). It was begun in 1958 and completed in 1964.

The bridge-tunnel complex is 17.6 miles (28 km) long from shore to shore and consists mostly of low trestle bridges carrying a two-lane highway. Because of the importance of shipping in the bay, the crossing was sunk deep beneath the main shipping channels in tunnels at two points, each tunnel being more than 1 mile (1.6 km) long.

Four artificial islands, constructed in water averaging 40 feet (12 metres) in depth, provide portals by which the roadway enters the tunnels. Near the north end of the bridge-tunnel complex, flanking Fisherman Island off Cape Charles, two high-clearance bridges provide part of the crossing. These are part of what lends to the engineering marvel of Chesapeake Bay Bridge-Tunnel.

In 1995 construction began on a parallel bridge to accommodate increasing traffic demands; it opened to four-lane traffic on April 19, 1999. In 2017 the Parallel Thimble Shoal Tunnel Project broke ground on a new two-lane tunnel under Thimble Shoal Channel, connecting two of the artificial islands in parallel to the existing tunnel.

Scheduled for completion in 2024, the new tunnel will carry two lanes of traffic southbound, and the existing tunnel will be used to carry two lanes of traffic northbound. When completed, the engineering marvel of Chesapeake Bay Bridge-Tunnel will continue to amaze the engineering world.

Source: Britannica

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