Elon Musk will begin laying off Twitter employees on Friday, according to a companywide email, culling the social media service’s 7,500-person work force a little over a week after completing his blockbuster buyout. It does not give a number but the Washington Post and New York Times reported that about half of Twitter’s 7,500 employees will […]
More Twitter officials leave, gutting top management
In an expanding exodus of Twitter’s top management, officials including its advertising and marketing chiefs left the company in the past few days, according to statements and a person with direct knowledge of the matter. The departures come after billionaire Elon Musk’s $44 billion takeover of the company last week, followed by his firing of […]
Elon Musk reportedly wants Twitter verified users to pay $20 per month
Elon Musk is considering charging Twitter users $20 (£17.30) a month or $240 a year for a blue tick on their account. Users who are currently verified by Twitter with the blue check-mark badge for no charge will have 90 days to subscribe to the new $20/month Twitter Blue plan or have their verification revoked, […]
Twitter considers charging verified users for blue tick mark: report
Twitter considers charging verified users for blue tick mark Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media platforms. “Whole verification process is being revamped right now”, Musk said in his tweet without giving more […]
As Elon Musk takes over Twitter, free speech limits tested
Mere hours after Elon Musk kicked off a new era at Twitter, the free speech limits are being tested. The billionaire owner was deluged with pleas and demands from banned account holders and world leaders. The flood of requests underscore the challenge the CEO of electric car maker Tesla faces, balancing a promise to restore […]
Elon Musk visits Twitter headquarters ahead of takeover deadline
Billionaire Elon Musk said he paid a visit to Twitter Inc’s headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform. “Entering Twitter HQ let that sink in!” said the caption of a video that Musk tweeted in which he was walking into […]
Elon Musk praises Twitter for ’empowering citizen journalism’
Tesla CEO Elon Musk on Wednesday took to his Twitter account and praised the microblogging website for promoting participatory journalism in an unbiased manner. “A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias”, the billionaire tweeted. In response to Musk’s tweet, Chicago-based […]
Twitter is losing its most active users: Is it dying?
“Twitter is losing its most active users: Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter is struggling to keep its […]
Mirae Asset in talks to help fund Elon Musk’s Twitter deal: source
SAN FRANCISCO: South Korea’s Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk’s $44 billion buyout of Twitter, a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalised in the coming days before the deadline […]
Banks forced to hold on to Twitter deal debt, sources say
NEW YORK: The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning to syndicate the debt as is typical […]