Twitter acquires business-messaging service Quill

  • Twitter (NYSE:TWTR) made the first acquisition of the Parag Agrawal era when it said on Tuesday it has bought Quill, a messaging service that had positioned itself as a potential rival to Slack .
  • Nick Caldwell, Twitter's (TWTR) general manager for core technology, said in a set of tweets that Quill is "a fresher, more deliberate way to communicate," and that Quill would help Twitter "make messaging tools like DMs [direct messages] a more useful and expressive way people can have conversations on the service."
  • Financial terms of the deal weren't disclosed.
  • Quill was founded by Ludwig Pettersson, who previously served as creative director at financial services company Stripe. According to TechCrunch, Twitter (TWTR) will wind down Quill's messaging app and include the company's employees in its Experience organization to work on messaging services and products.
  • Twitter's (TWTR) acquisition of Quill comes less than a week after the company named Agrawal as its chief executive following the resignation of Jack Dorsey.

    For this year the company, based in San Francisco revenue will be around 5.09 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 3.72 billion USD.

    Historical revenues and results Twitter plus estimates 2021

    fundamantele data

    The analysts expect for 2021 a net profit of 182 million USD. According to most of the analysts the company will have a profit per share for this book year of 20 cent. The price/earnings-ratio therefore equals a very high 221.75.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies equals a low 1.45 percent.

    Twitter 's market capitalization is based on the number of outstanding shares around 34.58 billion USD. -16

    At 21.33 the stock trades 2.73 percent lower at 44.35 USD.

    Historical stock prices Twitter period 2007-2021

    equity research twitterinc

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