twitter takeover – pressnews

Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline

29Oct

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Technology

Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline

[ad_1] One year ago, billionaire and new owner Elon Musk walked into Twitter's San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X.X looks and feels something like Twitter, but the more time you spend on it the clearer it becomes that it's merely an approximation. Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. Not to mention content moderation and hate speech enforcement.twitter We are now on WhatsApp. Click to join. He also fired, laid off or lost the majority of its workforce — engineers who keep the site running, moderators who keep it from being o...

Elon Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

22Dec

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Technology

Elon Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

[ad_1] Elon Musk to step down as Twitter CEO once he finds 'someone foolish' enough as successor Billionaire Elon Musk said on Tuesday 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. "I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams," Musk wrote on Twitter. Tesla Inc's shares, which have lost about 60% of their value since Musk made the offer for Twitter back in April, rose about 1% on Wednesday. Musk's $44 billion takeover of Twitter in October has been marked by chaos and controversy, with some investors questioning if he is too distracted to also properly run his electric-vehicle automa...

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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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...

Elon Musk “rehires Twitter employees who never worked there

16Nov

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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...

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...

Elon Musk says Twitter to soon enable organizations to identify their associated accounts

14Nov

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Technology

Elon Musk says Twitter to soon enable organizations to identify their associated accounts

[ad_1] Twitter's billionaire owner Elon Musk said that Twitter will soon enable organizations to identify twitter accounts associated with them. Twitter's billionaire owner Elon Musk on Sunday said that Twitter will soon enable organizations to identify twitter accounts associated with them as the new Twitter owner continues to find ways to limit fake accounts on the platform."Rolling out soon," Musk in a tweet on Sunday said. "Twitter will enable organizations to identify which other Twitter accounts are actually associated with them." He did not elaborate. The social media platform paused its recently announced $8 blue check subscription service on Friday as fake accounts mushroomed, and new owner Elon Musk brought back the "official" badge to some users of the social media platform...

Neutron Elon: Why Twitter’s Boss Is More Like Jack Welch Than You Think

11Nov

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Technology

Neutron Elon: Why Twitter’s Boss Is More Like Jack Welch Than You Think

[ad_1] Massive layoffs, a cult following and the goal of complete domination: Musk and GE’s longtime chief have a lot in common, but is Elon’s star beginning to dim just as Welch’s has? Elon Musk's recent moves to put his stamp on Twitter Inc. call to mind another cult figure of corporate America — Jack Welch. Both men have achieved mythic status in capitalism, generating vast wealth and cultivating slavish devotion in the process. Welch, who helmed General Electric Co. from 1981 to 2001, became famous for massive layoffs, championing shareholders over staffers and for financial engineering that ultimately led to catastrophe after he left. The style earned him the nickname “Neutron Jack.” Musk has a Steve Jobs-ian ability to know what customers want before they do, which has made h...

Elon Musk seeks to reassure advertisers on Twitter after chaos

10Nov

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Technology

Elon Musk seeks to reassure advertisers on Twitter after chaos

[ad_1] Elon Musk sought to reassure big companies that advertise on Twitter that his chaotic takeover of the social media platform won’t harm their brands. Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won't harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says will be a better, safer user experience. The latest erratic move on the minds of major advertisers — that the company depends on for revenue — was Musk's decision to abolish a new “official” label on high-profile Twitter accounts just hours after introducing it. Twitter began adding gray labels to prominent accounts Wednesday, including brands like Coca-Cola, Nike and Apple, to indi...

Anatomy of the week the Elon Musk tornado hit Twitter

7Nov

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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...