Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’

corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal said in an interview Monday.

“We [would] have to change our investment policy and choose to own assets that are more volatile,” Mr. Segal said, adding that the company prefers to hold less volatile assets such as securities on its balance sheet.The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.Twitter reported $3.47 billion in cash and cash equivalents at the end of September, up from $1.99 billion during the prior-year period, alongside short-term investments of $3.

The lack of specific accounting rules for these assets also is complicating matters for CFOs. Large U.S. corporations in recent months have urged the Financial Accounting Standards Board toand Square Inc., the payments company led by Jack Dorsey, who is also the chief executive of Twitter.

Twitter sees growth potential for its recently launched subscription services, Mr. Segal said. Subscriptions “will be a predictable and new open space for us to generate additional revenue,” Mr. Segal said, pointing to services such as Twitter Blue, which provides users with extra features, and Super Follows, which allows users to charge followers and give access to additional content.

jack time to find a new CFO….

Bitcoin target is 41000. Ether target 2800 1W Jul 18

yes ..... until recently ... there was another jerk named: dimon ... who works for a small bank who said: BTC = shit. EXCEPT buy them now for 'your big customers' ahahahahahaha. So dear Ned stop saying stupid.

FireNedSegal

depends on everyone's personal risk profile.

Can you find a person to pay me for dealing. Got to move my family to safe place.. Love Stragaloo Deniro

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thanks This means nothing cause china doesnt get any pressure nice😊
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