Tag: Twitter staff

Elon Musk puts $20 billion value on Twitter – The Information
26Mar By adminNo Comments
Technology

Elon Musk puts $20 billion value on Twitter – The Information

[ad_1] Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value. Twitter did not immediately respond to a Reuters' emailed request for a comment. Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social-media platform after the billionaire' s takeover. [ad_2] Source link
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Twitter Staff Fearing Jail?
12Nov By adminNo Comments
Technology

Twitter Staff Fearing Jail?

[ad_1] After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk’s deputies are racing to contain heightened concerns that staff will be held liable for security lapses. After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk's deputies are racing to contain heightened concerns that staff will be held liable for security lapses.Musk's lawyer Alex Spiro, who is guiding the legal team following the billionaire's acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed by Bloomberg. “I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that ...
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Doom? Hackers, abusers and regulators may vex Musk at Twitter
30Oct By adminNo Comments
Technology

Doom? Hackers, abusers and regulators may vex Musk at Twitter

[ad_1] If Musk guts Twitter staff or mass resignations hit the platform, it could mean "doom," said Rebekah Tromble. Elon Musk's talk of slimming Twitter's staff and letting people post anything allowed by law is expected to clash with the reality of fending off hackers, trolls, police and regulators, experts say.If Musk guts Twitter staff or mass resignations hit the platform, it could mean "doom," said Rebekah Tromble, director of the Institute for Data, Democracy and Politics at George Washington University. "No matter Musk's big vision, you need a highly skilled, knowledgeable workforce capable of (re)building a viable platform and responding to EU obligations," Tromble told AFP. Along with engineers, that includes legal and policy teams that keep user data safe and guard against ...
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‘Chief Twit’ Elon Musk To Sack Twitter Employees? Scary? Here Is Truth
27Oct By adminNo Comments
Technology

‘Chief Twit’ Elon Musk To Sack Twitter Employees? Scary? Here Is Truth

[ad_1] Elon Musk is all set to take over the company and employees are running scared. Elon Musk told Twitter Inc. employees on Wednesday that he doesn't plan to cut 75% of the staff when he takes over the company, according to people familiar with the matter. Musk, whose $44 billion deal for Twitter is on track to close Friday, denied the previously reported number in an address to employees at the company's San Francisco office, said the people, who declined to be named because the information isn't public. The billionaire is still expected to cut staff as part of the takeover, causing anxiety among workers. Earlier on Thursday, Musk posted a video clip of himself walking into the offices carrying a kitchen sink. He changed his Twitter profile description to read “Chief Twit.” ...
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