UPDATE 4-Occidental offers $57 bln for Anadarko, topping Chevron

Oil and gas producer
Occidental Petroleum Corp on Wednesday made a $57
billion bid for Anadarko Petroleum Corp, topping Chevron
Corp’s $50 billion offer and sparking the first takeover
battle for a major oil company in years.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/viSdSOFgVxg/update-4-occidental-offers-57-bln-for-anadarko-topping-chevron-idUSL3N226349

Pew: U.S. adult Twitter users tend to be younger, more demographic; 10% create 80% of tweets

A new report out this morning from Pew Research Center offers insight into the U.S. adult Twitter population. The firm’s research indicates the Twitterverse tends to skew younger and more Democratic than the general public. It also notes that the activity on Twitter is dominated by a small percentage — most users rarely tweet, while the most prolific 10 percent are responsible for 80 percent of tweets from U.S. adults.

Pew says only around 22 percent of American adults today use Twitter, and they are representative of the broader population in some ways, but not in others.

For starters, Twitter’s U.S. adult users tend to be younger.

The study found the median age of Twitter users is 40, compared with the median age of U.S. adults, which is 47. Though less pronounced than the age differences, Twitter users also tend to have higher levels of household income and educational attainment, compared with the general population.

42 percent of adult Twitter users in the U.S. have at least a bachelor’s degree, which is 11 percentage points higher than the share of the public with this level of education (31%). Likely related to this is a higher income level. 41 percent of Twitter users have a household income above $75,000, which is 9 points higher than the same figure in the general population (32%).

A major difference — and a notable one, given yesterday’s sit-down between Twitter CEO Jack Dorsey and President Trump — is Pew’s discovery that 36 percent of Twitter U.S. adult users identify with the Democratic Party, versus 30 percent of U.S. adults (the latter, as per a November 2018 survey). Meanwhile, 21 percent of Twitter users identify as Republicans, versus 26 percent of U.S. adults. Political independents make up 29 percent of Twitter users, and a similar 27 percent of the general population.

Despite these differences, there are areas where Twitter users are more like the general U.S. adult population — specifically, in terms of the gender and racial makeup, Pew says.

In addition to the makeup of the adult population on Twitter, Pew also researched the activity on the platform, and found that the median user only tweets twice per month.

That means the conversation on Twitter is dominated by extremely active (or, in their parlance, “extremely online“) users. That means a large majority of Twitter’s content is created by a small number — 10 percent of users are responsible for 80 percent of all tweets from U.S. adults on Twitter.

The median user in this top 10 percent creates 138 tweets per month, favorites 70 posts per month, follows 456 accounts and has 387 followers. They tend to be women (65% are), and tend to tweet about politics (69% say they do.) They also more often use automated methods to tweet (25% do).

Meanwhile, the median users in the bottom 90 percent creates 2 tweets per month, favorites 1 post per month, follows 74 accounts, and has 19 followers. 48 percent are women, and 39 percent tweet about politics. Only 13 percent say they tweeted about politics in the last 30 days, compared with 42 percent of the top 10 percent of users. They are also less likely to use automated methods of tweeting, as only 15 percent do.

These differences lead to other ways where how the Twitterverse feels about key issues — like equality or immigration — differs from the general public, with viewpoints that lean more Democratic.

It’s worth noting, too, how the small amount of activity from a large group of Twitter users also speaks to Twitter’s inability to grow its monthly active user base (MAUs).

This week, Twitter reported its first quarter earnings and noted that its MAUs were 330 million in Q1, down by 6 million users from a year ago. Twitter now prefers to report on its monetizable daily active users — a metric that favors the app’s heavier users.

Pew’s research was conducted Nov. 21, 2018 through Dec. 17, 2018, among 2,791 U.S. adult Twitter users. The full report is available from Pew’s website.




UPDATE 1-Too early to say if Brazil’s Cielo will meet profit target -CEO

Cielo SA Chief
Executive Paulo Caffarelli said on Wednesday it was too early to
determine if the Brazilian card processor would meet its annual
profit target in 2019, as competition is still fierce, though he
maintained that guidance.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/X9sPwypWiac/update-1-too-early-to-say-if-brazils-cielo-will-meet-profit-target-ceo-idUSL1N2260IB

UPDATE 1-Shrinking lender protections frustrate loan buyers

NEW YORK, April 24 (LPC) – The imbedded risk of US leveraged
loan packages with reduced lender protections is not reflecting
on the trading values, to the dismay of investors who want to
see a greater premium for the heightened risk exposure.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/55MAYroWCmQ/update-1-shrinking-lender-protections-frustrate-loan-buyers-idUSL1N2260MA

Another cyclone expected to hit Mozambique on Thursday

Another tropical cyclone is
expected to make landfall on Mozambique’s coast on Thursday,
just over a month after a more powerful storm struck the
Mozambican port city of Beira further south and killed hundreds
of people.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/companyNews/~3/vK_lANGFfEc/another-cyclone-expected-to-hit-mozambique-on-thursday-idUSL5N22645M

Managed By Q launches a new task management feature for office managers

Managed By Q, the office management platform recently acquired by WeWork, has today announced the launch of Task Management.

The feature comes to Managed By Q by way of Hivy, a startup acquired by MBQ back in 2017, that focuses on connecting a company’s employees to the office manager that handles their requests.

Pre-Hivy, collecting requests and tracking projects across a large number of employees was a tedious, fragmented process. Hivy created a dashboard that organizes all those requests in a single place.

Since the acquisition, Managed By Q and Hivy have been working to integrate their respective platforms. Where Managed By Q connects office managers to the right vendor or MBQ operator to handle the job, the new Task Management system will connect office managers with the employees making the requests in the first place, essentially putting the entire pipeline in a single place.

Obviously, the path to full integration was a long one.

“What I think matters most,” said Hivy cofounder Pauline Tordeur, speaking about the process of intertwining two separate products, “is that we knew why we were doing this and what the future would look like when we integrate. Having this vision and outlook from the very beginning is important.”

The timing is interesting in that this is the first product announcement Managed By Q has made since it was acquired by WeWork.

“It’s hard to describe the feeling,” said Managed By Q cofounder and CEO Dan Teran of being acquired by The We Company. “There is a perception of WeWork from the outside, but since I’ve been spending a lot of time getting to learn the business firsthand, I think there is just so much potential.”

He noted that Managed By Q is indeed setting out to do with WeWork what it just completed with Hivy.

“We set out to build the operating system for space, and one of the biggest things we missed is the space itself,” said Teran. “That’s actually the hardest part for most people. So now that becomes another ingredient we can deliver to our customers.”