Tag Archives: Elon

Twitter Chief Elon Musk says he’d consider making an “alternative phone” in the event that Twitter is removed from the Apple App Store and Google Play. Musk made the comments on Friday night in response to conservative commentator Liz Wheeler, who tweeted, “If Apple & Google boot Twitter from their app stores, @elonmusk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a… Source link

By Sheila Dang, Paresh Dave and Hyunjoo Jin (Reuters) -Hundreds of Twitter employees are estimated to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that staffers sign up for “long hours at high intensity,” or leave. In a poll on the workplace app Blind, which verifies employees through their work email addresses and allows them to share information anonymously, 42% of 180 people chose the answer for “Taking exit option, I’m free!” A quarter said… Source link

By Leika Kihara NUSA DUA, Indonesia (Reuters) -Billionaire Elon Musk said on Monday he was working “at the absolute most amount…from morning til night, seven days a week” when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc. “I have too much work on my plate that is for sure,” Musk said by videolink to a business conference on the sidelines of the G20 summit in Bali. Musk is chief executive of both companies and also runs rocket firm SpaceX, brain-chip… Source link

Elon Musk’s tenure at Twitter got even bumpier on Thursday, as he reportedly told employees during an emergency all-hands meeting that he can’t rule out the company filing for bankruptcy in the next year. Musk made the announcement during the all-hands meeting after an employee asked about the company’s current run rate, according to both The Information and Platformer managing editor Zoë Schiffer. Musk also reportedly told employees that if they weren’t physically at the office 40… Source link

A week after Elon Musk completed his acquisition of the social media giant Twitter, the Tesla (TSLA) and SpaceX CEO came under fire after he reportedly started laying off nearly half of Twitter’s 7,500 employees. Musk’s detractors, who worry the platform may become overrun with bigots and bad-faith actors, criticized the CEO well before he acquired the platform. The magnate has drawn controversy for various actions ranging from his polarizing tweets to reopening a Tesla factory in… Source link

U.S. Labor Secretary Marty Walsh is keeping a close eye on layoffs in the tech sector, including Elon Musk’s chaotic overhaul at Twitter. “As far as Twitter, that’s a whole different situation [than the broader tech layoffs],” Walsh said on Yahoo Finance Live (video above). “I don’t know enough about it, but I think that’s Elon Musk looking at the business model. I am sure at some point that will fix itself out as it moves forward.” To be sure, Musk’s changes to Twitter are moving forward this… Source link

Twitter sent employees an email Thursday notifying them that layoffs would begin on Friday morning, according to multiple news reports including The New York Times. The email told employees not to come into the office on Friday as the layoffs begin. The cuts will affect roughly half of Twitter’s workforce, according to The Times, which cited an investor and internal messages. “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global… Source link

Elon Musk doesn’t just wear a lot of hats when it comes to juggling his many roles — he’s more like a hat rack overflowing with headwear. Following the close of his deal to acquire Twitter (TWTR), Musk appointed himself the CEO of the company, as well as its lone board member. Adding that his other day jobs as CEO of Tesla, CEO and chief engineer of SpaceX, in addition to his role as founder of companies like The Boring Company, Neuralink, and OpenAI, the question has arisen whether the… Source link

Elon Musk has ordered company-wide layoffs at Twitter, according to The New York Times. On Saturday, the SpaceX and Tesla executive reportedly told managers to begin drawing up lists of employees to cut. Twitter did not immediately respond to Engadget’s request for comment. The Times could not determine how much of Twitter’s workforce Musk plans to let go – though some teams will be more affected than others. Before completing his $44 billion takeover of the company, Musk reportedly… Source link

Elon Musk’s acquisition of Twitter, completed on Thursday, also included a $500 million commitment from crypto’s largest trading venue, Binance. Going forward, that means, a major player in cryptocurrencies and “Web3” now has a stake in the social media giant’s success. Accounting for 1.3% of the company’s total value, the stake underscores Binance’s growing influence outside crypto. “We’re excited to be able to help Elon realize a new vision for Twitter,” Binance Founder and CEO Changpeng… Source link