Telecom
Musk says Twitter Lost Half of its Advertising Revenue

Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October.
Musk, who has been outspoken about the difficulties facing the company, broke the figures in a tweet response to a user who was giving suggestions on financing for the platform.
“We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” the billionaire tweeted Saturday.
“Need to reach positive cash flow before we have the luxury of anything else,” he added, without further elaboration.
Insider Intelligence has reported that Twitter was set to earn less than $3 billion in revenue in 2023, down one-third from 2022.
Changes instituted by Musk since his takeover of Twitter have turned off users and advertisers alike.
Earlier this month, Musk announced that Twitter was limiting verified accounts to reading 10,000 tweets a day, in a bid “to address extreme levels of data scraping” and “system manipulation” by third-party platforms.
Non-verified users — the free accounts that make up the majority of users — are limited to reading 1,000 tweets per day, while new unverified accounts are limited to 500 tweets.
Twitter has also said TweetDeck, a popular program that allows users to monitor several accounts at once, will only be available to verified users from next month.
The changes came as Threads, an app launched by Facebook parent Meta as a rival to Twitter, registered more than 100 million users in its first five days.
Earlier this year, the artificial intelligence app ChatGPT, created by OpenAI, took two months to reach the same number of active users.
According to some estimates, Threads has now reached 150 million users, with India leading the way, boosted by its link to Instagram which gives it a built-in audience of more than two billion users and spares the platform the challenge of starting from scratch.
Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Musk bought the platform and sacked thousands of staff.
Many have expressed privacy concerns over Meta CEO Mark Zuckerberg’s new platform, which asks users to give Meta permission to track them closely across the internet.
Those demands have delayed the launch of Threads in Europe, where new legislation limits the ability of Meta to track and share data across its family of platforms.
Its business model revolves around sucking up personal data to use for targeted ads and Threads accounts are linked to Instagram accounts.
But few expect Threads to maintain its embargo in Europe indefinitely.
European law expert Alexandre de Streel said big tech firms would probably be hammering out compliance issues with the EU over the coming months.
“I think it’s more a question of time to understand the scope of the legislation and have a dialogue with the commission,” he said.
Musk has also threatened to sue Meta for stealing trade secrets and intellectual property, claims denied by the company.
In a letter to Zuckerberg, published by the online news outlet Semafor this week, Musk’s lawyer also accused the company of recruiting dozens of former Twitter employees who “had and continue to have access to Twitter’s trade secrets and other highly confidential information.”
The two men have been bickering for years, but things have become heated since it became clear Meta intended to compete with Twitter.
AFP
Telecom
MTN Urges Nigerian to Regards Telecom Infrastructure as National Assets

Ikenna Ikeme, general manager of Regulatory Affairs at MTN Nigeria, has called on citizens and authorities to regard telecommunications infrastructure as vital national assets rather than merely the property of telecom providers.
Ikeme made these remarks while sharing his perspective as a member of the telecommunications industry and his experience in the regulatory field with participants of the MTN Media Innovation Programme in Lagos.
Highlighting the urgency, Ikeme stated that network infrastructure is often targeted during disputes with telecom companies, leading to deliberate acts of vandalism or service disruptions.
He stressed that such critical assets deserve the same level of protection as any essential national facility, arguing, “You cannot destroy national infrastructure or shut it down whenever there is a grievance.
With the protection of the government, the current administration has declared telecommunications infrastructure as critical national infrastructure, deserving of this level of security. “
Ikeme expressed optimism that this development would reduce destructive incidents and foster a more stable environment for telecommunications services.
Looking ahead, Ikeme reaffirmed MTN’s commitment to long-term investment in Nigeria, stating that, ‘we intend to remain, to grow, and to keep contributing positively to the nation’s development.’
In closing, Ikeme touched on the evolving landscape of telecommunications in Nigeria, noting the importance of media support in promoting constructive narratives.
Telecom
Bitget Launches $6M Global Crypto Trading Contest with New Competitive Segments

Bitget, a cryptocurrency exchange and Web3 company, has launched its annual global trading competition with a total prize pool of six million USDT.
In a statement made available to our correspondent on Sunday, the company disclosed that the contest includes new segments such as team battles, bot trading, copy trading, and on-chain trading. Participants from over 100 countries are expected to join the competition.
According to Bitget Chief Executive Officer Gracy Chen, the event is designed to promote community participation and trading activity across multiple formats. She said the competition will include region-based leaderboards, early registration rewards, and opportunities for top traders.
Chen said, “Every year during KCGI we witness traders across the globe strategise, synchronise, and innovate. There’s a lot of community and teamwork involved; KCGI is our way of showing gratitude to our top traders. That said, we’re excited to kick off this year’s competition with six million USDT up for grabs and a range of dynamic challenges ahead. We’re inviting our community to lead, win, and shape the future of trading.”
She noted that participants may get rewards beyond trading performance, including access to LALIGA matchdays, MotoGP passes, and other non-cash prizes.
The competition introduces four main categories: Team Battle, Copy Trading Showdown, Bot Trading Competition, and On-chain Arena. Each category focuses on a different aspect of digital asset trading and strategy execution.
“The official Team Battle segment begins July 24, but the smart money moves early. Traders who register now not only secure their seat, but they also set the tone for the event. Get in early. Build your team. Shape the leaderboard. KCGI 2025: This isn’t just trading; it’s a full-on battle with rewards.” She said.
Telecom
Operators Seek Action Over Persistent Vandalization of Telecommunications Infrastructure Across Nigeria

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has expressed deep concern over the increasing wave of vandalization and theft of telecommunications infrastructure across the country.
According to a statement signed by Engr. Gbenga Adebayo, chairman, ALTON, “since the Federal Government’s decisive interventions earlier this year to support industry sustainability, our members have committed unprecedented levels of investment in network optimization and capacity upgrades. New systems are being deployed, transmission equipment modernized, power systems overhauled, and thousands of kilometers of fiber optic networks currently being laid and expanded.
“Our industry has not seen this scale of investment in recent years. We are working round the clock to improve the quality of service nationwide and we cannot afford these setbacks.
“Unfortunately, between May and July, 2025, multiple incidents of vandalism were recorded across cell sites in Rivers, Ogun, Osun, Imo, Kogi, Ekiti, Lagos, Federal Capital Territory Abuja and many other states.
“These acts of sabotage have significantly disrupted network services, causing widespread connectivity blackouts leading to degradation of services and severely impacting millions of subscribers”.
He noted that, the affected infrastructure, primarily belong to ALTON members, as well as other network operators and those who depend on operators for connectivity.
He said identified critical components targeted to include; power cables, rectifiers, fiber optic cables, feeder cables, diesel generators, batteries, and solar systems are vandalized and stolen from active sites.
“These are not mere materials, but they are the backbone of our digital economy, security systems, and national communications grid.
“We are alarmed at the frequency, intensity, and geographical spread of these incidents. States such as Delta, Rivers, Cross Rivers, Akwa Ibom, Ogun, Ondo, Edo, Lagos, Kogi, FCT, Kaduna, Niger, Osun, Kwara and Federal Capital Territory, Abuja have recorded the highest number of attacks on telecom infrastructure. These attacks have led to prolonged downtimes, network congestion, widespread blackouts, and degradation of service quality.
The public he said, must be reminded that telecommunications infrastructure is classified as Critical National Infrastructure (CNI) under the National Security framework. This classification is backed by Federal Government Gazette No. 133, Volume 108, dated 17th March 2021. Vandalism, sabotage, or illegal possession of these assets is a serious criminal offense with grave consequences.
ALTON expressed concerned about the rising market for stolen telecom equipment, such as:
– Power Cables, Power rectifiers, which are stolen from base station and sold into open markets
– Batteries which are stolen from base stations and sold for home and office inverters.
– Solar panels that are stripped from telecom sites and resold to unsuspecting households.
– Diesel fuel being siphoned from sites and traded on the grey market.
“We urge the public to be vigilant and refrain from purchasing suspicious items. If you buy stolen telecom equipment, you are not just complicit you are part of the crime.
We appeal to every Nigerian to please join us in the fight against the vandalization of telecom infrastructure.
“These assets serve us all, they enable our banking systems, security infrastructure, emergency response, education, health services, and the very platforms that power daily communication. An attack on telecom infrastructure is an attack on our economy and our security.
“A second, recurring and deeply worrying issue is the widespread damage to underground fiber optic cables caused by road construction and related civil infrastructure projects along major highways and urban roads. These activities have led to significant service outages and financial losses,” he added.
ALTON called on: – the Office of the National Security Adviser (ONSA), the Inspector General of Police, the Director General, Department of State Services (DSS), and the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC)
to immediately deploy the necessary resources to protect telecommunications infrastructure and prevent a total breakdown of communications across the country.
“We commend the Nigerian Communications Commission (NCC) for its proactive efforts in safeguarding national telecom infrastructure, particularly through the creation of a dedicated reporting portal.
“This initiative empowers citizens to play an active role in protecting critical assets by reporting incidents of vandalism or suspicious activity via protect@ncc.gov.ng or by dialing 622.
“Such forward-thinking measures are vital to ensuring the resilience and security of our communications network. This is a desperate and urgent hour. The industry cannot fight this battle alone. We need coordinated national action by the security agencies, the government at all levels, regulators, the media, civil society, and the public. Our national security, economic stability, and digital future depend on it,” the statement noted.
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