Tag Archives: Twitter

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

Elon Musk completed his $44 billion deal to buy Twitter on Thursday, reportedly firing top executives and raising questions about content regulation on a platform that banned Donald Trump. The deal comes at a delicate time for social media, as ad revenue wanes and as platforms remain on high alert for potential foreign interference ahead of the Nov. 8 midterm elections. Musk’s decisions on content regulation could determine Twitter’s role in ensuring fair elections. Now that Musk has ousted… Source link

By Sheila Dang and Greg Roumeliotis (Reuters) – Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives immediately but providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer limits on content that can… Source link

By Sheila Dang and Greg Roumeliotis NEW YORK (Reuters) -Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer limits on content that can be… Source link

Twitter (TWTR): The White House said reports that the Biden Administration was discussing putting Elon Musk’s ventures under a national security review were “not true.” Twitter shares moved higher in extended trading on the news. Musk has until 5pm ET Friday to close the deal or face trial. Discover Financial Services (DFS): Shares fell in after hours trading after the credit-card issuer missed on earnings. Discover reported earnings of $3.54 per share, short of Wall Street’s estimate of… Source link

Elon Musk.Adrees Latif/Reuters Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush. “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said. Ives called Musk’s $44 billion deal for Twitter a “train wreck.” Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion… Source link

Google announced late Wednesday that it would permit the Trump-backed social media site Truth Social to be downloaded through its app store, making the service available to millions of new users. Mary Altaffer/AP hide caption … Source link

Long-time Tesla bull and Elon Musk supporter Cathie Wood thinks the billionaire’s ownership of the social media platform is exactly what it needs. “I am kind of excited to see what Elon will do,” the noted tech investor told Yahoo Finance Live in an exclusive and wide-ranging interview on Thursday (full video above). “I actually think he will work closely with [Twitter Founder] Jack Dorsey and maybe open up the ecosystem, take away the censorship, make it much more transparent, and I think… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by the pandemic has slowed down. But overall, the app economy is continuing to grow, having produced a record number of downloads and consumer spending across both the iOS and… Source link