Economy

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Musk further from Twitter

An agreement between Elon Musk and Twitter to finalize the purchase of the social network is increasingly far from happening, according to a report published by the Washington Post this Thursday (7).

The newspaper cites sources close to the negotiations to say that the billionaire’s team was unable to verify the amount of fake users of the platform and has been withdrawing from the negotiations.

What holds up the deal: Musk has been saying for a few months now that he wouldn’t do business if Twitter couldn’t prove to him that the share of fake accounts on the platform is actually less than 5%, as she claims.

  • The billionaire came up with the question at a time when tech stocks plummeted on rising US interest rates.
  • The side that withdraws from the agreement must pay US$ 1 billion.

What Twitter says: the network has defended itself with the claim that it has shared the numbers with Musk, but that the analysis of the percentage of fake accounts cannot be replicated by third parties because it involves users’ personal data.

Why statistics matter: fake accounts decrease the indicator of daily active users, a very important metric for social networks. It is used by companies as a criterion for advertising on platforms.


Why is the euro so undervalued?

The euro is close to reaching parity with the dollar, something that has not happened since December 2002. This Thursday (7th), the common European currency was worth $1.02.

In numbers: a year ago, the currency was quoted in $1.18 and has been devaluing itself ever since. The lowest value at which it was traded was in July 2001, when it was worth $0.83.

What explains? A number of factors have contributed to the devaluation of the euro:

  • War in Ukraine: countries that adopt the currency are more exposed to the economic losses resulting from the conflict. Most of the energy consumed on the continent – ​​natural gas and diesel – came from Russia, and everything became more expensive.
  • Late ECB: unlike the Fed, which started raising interest rates in March, the European central bank is not expected to do so until July, which contributes to capital flight to the US.

Dollar cools this Thursday: After appreciating against most global currencies the day before on fears of global recession, the US currency lost momentum. over here, fell 1.43%quoted at BRL 5.34.

The bag Brazilian market returned to the symbolic level of 100 thousand points on a day of positive news from the East.

  • China announced new incentives for the local economy, which boosted commodity prices and pushed the Ibovespa up, which closed at a high of 2.04%a 100,729 points.

Take a break: tiny dwellings

A 10 m² apartment in central São Paulo recently went viral after a video by a realtor on Tiktok showed the entire apartment – ​​considered the smallest in Latin America – in 39 seconds.

What also drew attention was the price of the unfurnished apartment: R$ 200 thousand. The subject reignited the discussion about the cost of housing in noble regions in the capital of São Paulo.

The situation is even more complicated in Hong Kong, where residents even live in cage-like housing.

  • The American channel Vox was even one of the most expensive places to live in the world and shows how Hong Kongers found themselves in apartments from 7m² to 13m². On Youtube (subtitles in Portuguese).

There are also those who prefer to move to a smaller place to ease the bills or to have the possibility of traveling indoors, in a trailer.

  • These examples are on Netflix reality “Tiny House Movement”. A presenter and an expert introduce families to how they can live in smaller spaces and still be comfortable.

In addition to the economy:

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  • Sheet Guide: Don’t want to watch ‘Thor: Love and Thunder’? Discover the other premieres of cinemas.
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