Musk is also announcing the end to the blue check/tick program. All account holders that are verified will be required to pay $8.00 per month. Employees of Twitter, that get to keep there jobs will no longer be able to work remotely. All employees will be required to report to their Twitter offices to work onsite from now on. Pink slips will be delivered tomorrow to the unfortunate 50% of Twitter's work force that will be no longer employed. This is a mass layoff. Who is deciding who gets to keep their jobs and who is deciding who doesn't get to keep their jobs.
Musk is also announcing the end to the blue check/tick program. All account holders that are verified will be required to pay $8.00 per month. Employees of Twitter, that get to keep there jobs will no longer be able to work remotely. All employees will be required to report to their Twitter offices to work onsite from now on. Pink slips will be delivered tomorrow to the unfortunate 50% of Twitter's work force that will be no longer employed. This is a mass layoff. Who is deciding who gets to keep their jobs and who is deciding who doesn't get to keep their jobs.
I think Twitter's new Chief Twit has his hands full from his first week as the new owner of Twitter.
At Twitter, “We’ll be watching the situation to make sure the employees are treated fairly and as the law requires,” Liss-Riordan said Friday. “Billionaires are not above the law.”
[size= 12pt]I think Twitter's new Chief Twit has his hands full from his first week as the new owner of Twitter. [/size]
[size= 12pt]At Twitter, “We’ll be watching the situation to make sure the employees are treated fairly and as the law requires,” Liss-Riordan said Friday. “Billionaires are not above the law.”[/size] [/quote]
According to filings with the Securities and Exchange Commission published Tuesday, Musk sold 19.5 million more shares of Tesla.
Musk sold almost $22 billion worth of Tesla shares in 2021, a year when the stock jumped over 50%. This year, he sold over $8 billion worth of stock in April and roughly $7 billion worth in August. In addition to pouring billions of his own capital into taking Twitter private, the Tesla CEO relied on partners, including equity investors Binance, Ron Baron’s BAMCO, Andreessen Horowitz, Twitter’s former CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to finance the deal, or to roll their existing shares into his holding company for Twitter.
Is Musk over his head?
According to filings with the Securities and Exchange Commission published Tuesday, Musk sold 19.5 million more shares of Tesla.
[quote] Musk sold almost $22 billion worth of Tesla shares in 2021, a year when the stock jumped over 50%. This year, he sold over $8 billion worth of stock in April and roughly $7 billion worth in August. In addition to pouring billions of his own capital into taking Twitter private, the Tesla CEO relied on partners, including equity investors Binance, Ron Baron’s BAMCO, Andreessen Horowitz, Twitter’s former CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to finance the deal, or to roll their existing shares into his holding company for Twitter. [/quote]
Is Musk over his head?
From Reuter's and reposted on Yahoo News:
(Reuters) -Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion - a deal that credit experts say has left Twitter's finances in a precarious position. Earlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to "survive the upcoming economic downturn" if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters.
Musk's purchase of Twitter is turning into very volatile territory. Could the world live without "tweeting"?
From Reuter's and reposted on Yahoo News: [quote] (Reuters) -Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion - a deal that credit experts say has left Twitter's finances in a precarious position. Earlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to "survive the upcoming economic downturn" if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters. [/quote]
Musk's purchase of Twitter is turning into very volatile territory. Could the world live without "tweeting"?
This article is a chronological detailing of the two weeks of Twitter since Musk's takeover.
On Oct. 28, hours after completing his $44 billion buyout of Twitter the night before, Mr. Musk gathered several human-resource executives in a “war room” in the company’s offices in San Francisco. Prepare for widespread layoffs, he told them, six people with knowledge of the discussion said. Twitter’s work force needed to be slashed immediately, he said, and those who were cut would not receive bonuses that were set to be paid on Nov. 1.
This article is a [i]chronological detailing[/i] of the two weeks of Twitter since Musk's takeover.
[quote] On Oct. 28, hours after [url=https://www.nytimes.com/2022/10/27/technology/elon-musk-twitter-deal-complete.html]completing his $44 billion buyout[/url] of Twitter the night before, Mr. Musk gathered several human-resource executives in a “war room” in the company’s offices in San Francisco. Prepare for widespread layoffs, he told them, six people with knowledge of the discussion said. Twitter’s work force needed to be slashed immediately, he said, and those who were cut would not receive bonuses that were set to be paid on Nov. 1. [/quote]
Article originally written in the Daily Beast but re-posted by MSN.
Things were easier when the world’s richest man was simply a Twitter troll, lobbing grenades at its leadership and making juvenile references to the numbers “420” and “69.” But now the trolls have come for Musk.
What's up with Musk arriving with a bathroom sink?
Article originally written in the Daily Beast but re-posted by MSN. [quote] Things were easier when the world’s richest man was simply a Twitter troll, lobbing grenades at its leadership and making juvenile references to the numbers “420” and “69.” But now the trolls have come for Musk.
What's up with Musk arriving with a bathroom sink?
The latest on Twitter....Musk has locked the doors and locked out people from their computer access for several days until Musk and team work out a plan. Kind of drastic isn't it? Twitter employees were also threatened with agreeing to work long hours or quit? You know there's employee rights.
Twitter workers brace for another round of departures
Many staffers spent the past day weighing their options, after waking up Wednesday to an overnight email in which Mr. Musk told them to fill out a form by Thursday, 5 p.m. ET, to indicate if they want to remain at the company and are willing to be “extremely hardcore.” Employees who don’t opt in will be given three months of severance, Mr. Musk said.
The latest on Twitter....Musk has locked the doors and locked out people from their computer access for several days until Musk and team work out a plan. Kind of drastic isn't it? Twitter employees were also threatened with agreeing to work long hours or quit? You know there's employee rights.
[url=https://www.wsj.com/articles/twitter-workers-brace-for-another-round-of-departures-as-musk-ultimatum-looms-11668716881]
Twitter workers brace for another round of departures[/url]
Many staffers spent the past day weighing their options, after waking up Wednesday to an overnight email in which Mr. Musk told them to fill out a form by Thursday, 5 p.m. ET, to indicate if they want to remain at the company and [url=https://www.wsj.com/articles/elon-musk-gives-twitter-staff-an-ultimatum-work-long-hours-at-high-intensity-or-leave-11668608923?mod=article_inline]are willing to be “extremely hardcore.”[/url] Employees who don’t opt in will be given three months of severance, Mr. Musk said.
Elon Musk put out a poll to let Twitter people to decide if Trump should be reinstated. Trump is now reinstated and has been invited back to Twitter, however, Trump's decline to return to Twitter may have reasons linked to Truth Social.
Is Truth Social keeping Trump from returning back to Twitter?
Elon Musk put out a poll to let Twitter people to decide if Trump should be reinstated. Trump is now reinstated and has been invited back to Twitter, however, Trump's decline to return to Twitter may have reasons linked to Truth Social. [url=https://www.semafor.com/article/11/02/2022/donald-trumps-quest-to-build-a-new-twitter-would-complicate-a-return-to-the-old-one]
Is Truth Social keeping Trump from returning back to Twitter?[/url]
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