Musk-twitter deal – pressnews

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury

18Nov

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Technology

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury

[ad_1] Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave. There is a virtual exodus on at Twitter after Elon Musk gave employees an ultimatum to either commit to the company's new “hardcore” work environment or leave their jobs sparking further fury. Many more workers declined to sign on than he expected and these layoffs have potentially put Twitter's operations at risk, according to people familiar with the matter. So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property. Twitter closed its offices until Monday, according to a memo viewed by Bloomberg. “Please continue to comply with company policy by refraining from disc...

Elon Musk Says Twitter Is Taking Up Almost All His Time

17Nov

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Elon Musk Says Twitter Is Taking Up Almost All His Time

[ad_1] Elon Musk told a judge he is spending almost all his time now reorganizing Twitter Inc. rather than on the other companies he oversees. Elon Musk, whose $55 billion Tesla Inc. pay deal is being challenged in court as too excessive for a part-time chief executive officer, told a judge he is spending almost all his time now reorganizing Twitter Inc. rather than on the other companies he oversees.Since acquiring Twitter for $44 billion in October, Musk testified Wednesday in Delaware that the lion's share of his time “for the past few weeks” has been at the social-media platform, though he said the “fundamental organizational restructuring” will be completed by the end of next week. Delaware Chancery Judge Kathaleen St. J. McCormick is hearing evidence in a trial to determine whet...

Elon Musk doing all-nighters at Twitter, Tesla investors a ‘frustrated’, worried lot

16Nov

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Technology

Elon Musk doing all-nighters at Twitter, Tesla investors a ‘frustrated’, worried lot

[ad_1] Musk said he had worked through the night at Twitter's headquarters and would keep "working & sleeping here" until the social media platform was fixed. In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3.On Monday, Musk said he had worked through the night at Twitter's San Francisco headquarters and would keep "working & sleeping here" until the social media platform - which he recently acquired for $44 billion - was fixed. A self-described "nanomanager," Musk's penchant for working long hours in moments of crisis has been a well-known part of his brand. But the billionaire's deep dive into Twitter, after a protracted buyout that he tried to scrap, h...

Elon Musk “rehires Twitter employees who never worked there

16Nov

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Elon Musk “rehires Twitter employees who never worked there

[ad_1] Elon Musk shared a picture of him posing with two people who seemed like his employees. "Welcoming back Ligma & Johnson!" he wrote along with the picture. Even though Twitter has recently seen mass layoffs and rollback of implemented decisions, one thing is for sure, the microblogging platform's new CEO Elon Musk is a man of wits for sure.On Wednesday, the billionaire took to Twitter and shared a picture of him posing with two people who seemed like his employees. "Welcoming back Ligma & Johnson!" he wrote along with the picture. In the next tweet, he added that it is "Important to admit when I'm wrong & firing them was truly one of my biggest mistakes." At first glance, it would seem as if Musk has welcomed back two of his employees whom he had sacked during the ma...

Twitter Blue tick to make reappearance on November 29

16Nov

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Technology

Twitter Blue tick to make reappearance on November 29

[ad_1] After it was hastily taken off, the 'Twitter Blue' service is planned to be reinstated on the microblogging site as revealed by Elon Musk. Twitter CEO Elon Musk took to the microblogging site to announce the return of the coveted "Twitter Blue" tick after it was made unavailable following an increase in fake verified accounts."Punting relaunch of Blue Verified to November 29th to make sure that it is rock solid", Musk tweeted. The tweet received a number of questions from users, with the Tesla CEO answering some of them, adding to the information about changes that will take place on the platform. One user asked, "So are legacy checkmarks for non corporate/government officials going away?"To this Musk said, "All unpaid legacy Blue checkmarks will be removed in a few months."Ano...

Irony of it all! Elon Musk Ties Tesla’s Fortunes to the Ad Business It has Long Eschewed

9Nov

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Technology

Irony of it all! Elon Musk Ties Tesla’s Fortunes to the Ad Business It has Long Eschewed

[ad_1] If Twitter is unable to win back advertisers, Tesla’s CEO may have to keep selling shares. Elon Musk is fond of saying that fate loves irony. This go-to phrase now seems awfully prophetic. The Technoking of Tesla has long eschewed advertising, arguing the electric-car company is better off spending on product. Besides, who needs a multimillion-dollar Super Bowl spot when you can blast your cherry-red Tesla Roadster into space to the soundtrack of David Bowie's “Life on Mars”? In addition to staging stunts like that 2018 maiden voyage of SpaceX's Falcon Heavy rocket, Musk is a master at generating viral publicity for himself and Tesla using Twitter. Sure, his posts often can be counter-productive — he's joked about the company going bankrupt, falsely claimed to have secured...

Elon Musk launches crackdown against some Twitter handles

7Nov

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Technology

Elon Musk launches crackdown against some Twitter handles

[ad_1] Elon Musk said that any Twitter handles that are found engaged in 'impersonation' without clearly specifying "parody" will be suspended. Elon Musk on Sunday said through a series of tweets that any Twitter handles found engaged in 'impersonation' without clearly specifying "parody" will be suspended permanently. "Going forward, any Twitter handles engaging in impersonation without clearly specifying "parody" will be permanently suspended," Musk tweeted. Twitter's new CEO further said that unlike before, no warning will be given now as widespread verification is being rolled out. "Previously, we issued a warning before the suspension, but now that we are rolling out widespread verification, there will be no warning. This will be clearly identified as a condition for signi...

Anatomy of the week the Elon Musk tornado hit Twitter

7Nov

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Anatomy of the week the Elon Musk tornado hit Twitter

[ad_1] The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers -- and ended with half the staff getting the axe. The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers -- and ended with half the staff getting the axe. "It was a strange week," said one former employee speaking on condition of anonymity. "Executives were getting fired or were resigning, but there was basically no official communication until 5 pm Thursday," some seven days after the deal was made official. The employees received a first email Thursday informing them that they would know their fate the next day. On Friday, the second email confirmed the rumors: 50 percent of the staff lost their jobs. The cull hit the mar...

Twitter engineers can no longer make changes to code

28Oct

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Technology

Twitter engineers can no longer make changes to code

[ad_1] Elon Musk asked engineers from Tesla to meet with product leaders at Twitter, moving swiftly to make a mark on the company he’s about to take private. Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc., moving swiftly to make a mark on the company he's about to take private, according to people familiar with the matter. Earlier Thursday in Twitter's San Francisco headquarters, product leaders showed Tesla engineers the company's code, so they could assess and explain to Musk what the company needs, according to one of the people. Twitter's engineers can no longer make changes to code as of noon in San Francisco, the people said. That's part of an effort to ensure that nothing about the product changes ...

Elon Musk’s Twitter takeover: India expects platform to comply with local rules

28Oct

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Technology

Elon Musk’s Twitter takeover: India expects platform to comply with local rules

[ad_1] India's expectation of Twitter complying with the country's rules for social media platforms will not change with its takeover by Elon Musk. India's expectation of Twitter complying with the country's rules for social media platforms will not change with its takeover by Elon Musk, according to a senior minister. The world's richest man and CEO of electric car maker Tesla Inc has become Twitter Inc's new owner and the self-described free speech absolutist fired top executives, including chief executive Parag Agrawal, CFO Ned Segal and legal affairs and policy chief Vijaya Gadde. "How does it matter to government who owns what. Our laws and rules are applicable to platforms regardless of who owns it or who doesn't own it," Minister of State for Electronics and Information Te...