Tag: elon musk x takeover

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
20Dec By adminNo Comments
Technology

From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023

[ad_1] The tide turned against inflation.Artificial intelligence went mainstream — for good or ill. Labor unions capitalized on their growing might to win more generous pay and benefits. Elon Musk renamed and rebranded the social media platform Twitter, removed guardrails against phony or obscene posts and ranted profanely when advertisers fled in droves.The American housing market, straining under the weight of heavy mortgage rates, took a wallop.And Taylor Swift's concert tour scaled such stratospheric heights that she invigorated some regional economies and drew a mention in Federal Reserve proceedings.A look back at 10 top business stories in 2023:RAGING AGAINST INFLATIONThe Fed and most other major central banks spent most of the year deploying their interest-rate weapons against t...
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A year after Musk’s Twitter takeover, X remains mired in turmoil
26Oct By adminNo Comments
Technology

A year after Musk’s Twitter takeover, X remains mired in turmoil

[ad_1] A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust. Musk closed the $44 billion deal on October 27, 2022, facing a lawsuit that held him to terms of purchase he was keen to escape. Here is a look back at Musk's first year as owner of the platform. - Family feeling gone -In the days after his purchase, Musk quickly fired executives who had been running Twitter and took the publicly traded company private. He also laid off most of the San Francisco-based company's workers, cutting ranks to fewer than 1,500 from 8,000. Twitter employees were asked to commit unconditionally to their jobs and forego any notion of telecommuting. Former project manager Esther Crawford, who wrote online ab...
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