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TIMELINE: Musk to step down as Twitter CEO once he finds successor

22Dec

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Technology

TIMELINE: Musk to step down as Twitter CEO once he finds successor

[ad_1] Billionaire Elon Musk said he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform. Billionaire Elon Musk said he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform. The latest move by Musk, the head of electric-car maker Tesla Inc, comes after Twitter users voted decisively in a poll for him to step down as CEO of the microblogging platform. Below is a snapshot of Musk's moves in the Twitter takeover saga. April 4: Musk discloses over 9% stake in Twitter April 5: Twitter says Musk will join company's board April 10: Musk says he will not join Twitter board April 14: Musk offers $54.20/s...

Investor in Elon Musk’s Twitter buyout expects to make up to five times its money

[ad_1] Investor in Elon Musk's Twitter buyout expects to make up to five times its money Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk's $44-billion acquisition of Twitter Inc, said on Tuesday it expects to make up to five times its money despite the social media company's problems.Twitter has been hemorrhaging advertisers after Musk let more than half of its 7,500 employees go and alienated some users with his fast-changing moderation policy decisions. Musk tweeted earlier this week that the social media company has been "in the fast lane to bankruptcy since May." He took over Twitter on Oct. 27 and this week said he will abide by the results of a Twitter poll in which a majority voted for him to step down as the head of Twitter. Aliya, a Miami-based ...

Musk’s Twitter rules: A dizzying, whiplash-inducing timeline

[ad_1] Since Elon Musk took control of Twitter in late October, confusion over what is, and what is not allowed on the platform, even what a verified account is, has run rampant Since Elon Musk took control of Twitter in late October, confusion over what is, and what is not allowed on the platform, even what a verified account is, has run rampant. Rules and policies can change daily, or even hourly. Little of what's transpired at Twitter in almost two months under Musk's leadership has anything to do with what was originally his biggest complaint about the platform: the scourge of bots, or spam accounts. Here's a rundown of some of the events, policy changes and confusion that has been a hallmark of Musk's Twitter. Oct. 27: Musk takes control of Twitter and ...