Tag: musk twitter takeover

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury
18Nov By adminNo Comments
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...
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Elon Musk Says Twitter Is Taking Up Almost All His Time
17Nov By adminNo Comments
Technology

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...
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Elon Musk “rehires Twitter employees who never worked there
16Nov By adminNo Comments
Technology

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...
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Twitter Blue tick to make reappearance on November 29
16Nov By adminNo Comments
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...
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Anatomy of the week the Elon Musk tornado hit Twitter
7Nov By adminNo Comments
Technology

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...
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Elon Musk’s Twitter takeover: India expects platform to comply with local rules
28Oct By adminNo Comments
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...
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When Elon Musk tweet sparked horror online abuse against Vijaya Gadde at Twitter
28Oct By adminNo Comments
Technology

When Elon Musk tweet sparked horror online abuse against Vijaya Gadde at Twitter

[ad_1] https://tech.hindustantimes.com/tech/news/when-elon-musk-tweet-sparked-horror-online-abuse-against-vijaya-gadde-at-twitter-71666937424732.html https://tech.hindustantimes.com/tech/news/samsung-galaxy-s21-fe-5g-gets-whopping-rs-39000-discount-on-flipkart-71666341262203.html https://tech.hindustantimes.com/tech/news/scary-280-foot-asteroid-2022-sg6-heading-for-earth-today-clocked-at-11-kilometers-per-second-71665655201661.html https://tech.hindustantimes.com/tech/news/joy-nasa-s-asteroid-mission-achieved-mission-impossible-created-history-71665594765451.html [ad_2] Source link
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How will Elon Musk pay for Twitter? Explained in 4 points
8Oct By adminNo Comments
Technology

How will Elon Musk pay for Twitter? Explained in 4 points

[ad_1] Musk has pledged to provide $46.5 bn in equity and debt financing, which covers the $44 bn price tag. Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28. Now comes the big question: how will he pay for it? Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through. Tesla shares fell more than 6% on Friday, heading for their worst weekly drop since March 2020, as investors worry Musk may dump more shares after Tesla announces its quarterly earnings on...
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Elon Musk’s Twitter Losses in Court Fight Presaged His Surrender
5Oct By adminNo Comments
Technology

Elon Musk’s Twitter Losses in Court Fight Presaged His Surrender

[ad_1] Elon Musk dropped his bid to walk away from a $44 billion buyout of Twitter Inc. after losing a series of pre-trial rulings. Elon Musk dropped his bid to walk away from a $44 billion buyout of Twitter Inc. after losing a series of pre-trial rulings that may have foreshadowed difficulties in making his case in court.Musk, the world's richest person, on Tuesday proposed carrying out his original plan to buy Twitter for $54.20 per share just days before he was scheduled to argue to a judge that executives of the social-media platform misled him about the number of spam and robot accounts embedded in the company's more than 230-million user base. That decision may have been influenced by almost a half-dozen rulings by Delaware Chancery Judge Kathaleen St. J. McCormick over the last...
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