Musk Plans to Close Twitter Deal on Friday

The transcript discusses the timeline for closing a financial deal involving Twitter, with banks preparing for a borrowing notice and a deadline set by a Chancery judge. It also covers earnings reports from Twitter and Alphabet, highlighting challenges in the ad market, particularly for YouTube, and the impact of currency headwinds. The discussion extends to the broader weakness in the ad space, with Snap's earnings reflecting a pullback by advertisers, raising concerns for Meta's upcoming earnings.

What does the sequential deceleration in ad budgets indicate about the current market environment?

What concerns arise from the commentary regarding the pullback by advertisers?