elon musk Archives - Daily Chronicles

Twitter Suspends Accounts Of Journalists Covering Musk

16Dec

By adminNo Comments

Technology

Twitter Suspends Accounts Of Journalists Covering Musk

Twitter suspended Thursday accounts of more than a half-dozen journalists who had been writing about the company and its new owner Elon Musk. Silencing journalists at Twitter while claiming to be a free speech champion is the latest controversy provoked by Musk since he took over the company, which has seen staffing gutted and advertisers exit. Some of the journalists had been tweeting about Twitter shutting down an @ElonJet account that tracked flights of billionaire Musk's private jet and about versions of that account hosted at other social networks. Twitter did not say why the reporters' accounts were suspended. "Nothing says free speech like suspending journalists who cover you," Sarah Reese Jones of news commentary website PoliticusUSA said in a tweeted response to p...

What You Need To Know About Twitter’s New Multi-Coloured Verification Badges

13Dec

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Technology

What You Need To Know About Twitter’s New Multi-Coloured Verification Badges

Twitter on Monday relaunched an option for users who pay for its subscription service to receive a coveted “blue check,” one month after the company was forced to pull the feature amid a wave of “verified” accounts pretending to be brands and high-profile users. The updated verification system, which expands on check mark options with multiple new colors, is part of new owner Elon Musk’s effort to grow its subscription business and bolster the bottom line of the company he bought for $44 billion, including a substantial amount of debt financing. The new Twitter Blue subscription service will cost $8 per month for users that subscribe via the web platform and $11 per month for those who subscribe on the iOS app, according to a tweet from Esther Crawford, the T...

2Dec

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Entertainment

KANYE WEST
Gets Booted From Twitter

Kanye West is back in Twitter's doghouse for spreading more antisemitic hate ... but this time his account was PERSONALLY suspended by the platform's new CEO Elon Musk. The rapper ran afoul of Twitter's policy against inciting violence after posting an altered image showing the Jewish symbol of the Star of David with a Nazi swastika. Elon wasn't having it, tweeting a reply to Ye early Friday ... "I tried my best. Despite that, he again violated our rule against incitement to violence. Account will be suspended." Kanye's tweet was swiftly removed ... it's not clear how long his suspension is for. His account was suspended once before in October (pre-Musk) after he posted antisemitic remarks. During their bizarre discussion, Jones tried to denounce the Nazis, but Kanye woul...

4Nov

By adminNo Comments

Technology

Twitter Says Layoffs To Begin Friday

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound. A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday, California time, as to what their fate is. 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 be let go. "In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global work force," the email said. Twitter employees have been bracing for this kind of bad news since Musk completed his mammoth $44 billion (around Ksh.5.4 trillion) acquisition late last w...

Musk Offers To Close Twitter Buyout Deal At Original Price

5Oct

By adminNo Comments

Technology

Musk Offers To Close Twitter Buyout Deal At Original Price

Elon Musk on Tuesday offered to push through with his buyout of Twitter at the original agreed price, as a trial over his efforts to withdraw from the deal loomed. The world's richest man said in a filing with the Securities and Exchange Commission that he sent Twitter a letter vowing to honor the contract. The latest twist in the long-running saga came ahead of the high-stakes court battle launched by Twitter in an attempt to hold the Tesla chief to the deal he signed in April. Musk's potential stewardship of the influential social media site has sparked worry from activists who fear he could open the gates to more abusive and misinformative posts. "We write to notify you that the Musk Parties intend to proceed to closing of the transaction," read a copy of the letter to ...

Elon Musk Sells Nearly $7 Billion Worth Of Tesla Shares

10Aug

By adminNo Comments

Business

Elon Musk Sells Nearly $7 Billion Worth Of Tesla Shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website. "In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk, the world's richest man wrote on Twitter late Tuesday. Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October. Musk has...

Twitter Shares Sink 11.3% After Musk Withdraws Takeover Bid

12Jul

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Business

Twitter Shares Sink 11.3% After Musk Withdraws Takeover Bid

Twitter shares plunged Monday after Elon Musk announced the withdrawal of his $44 billion takeover bid, setting the stage for a potential legal brawl. Shares in the social media giant ended down 11.3 percent at $32.65 in the first session after Musk revealed late Friday he was dropping the takeover plan. Musk followed up on Sunday night with a pair of mocking tweets after the company said it would sue the billionaire entrepreneur to force the deal to go through.

Elon Musk May Have to Risk Having $25 Billion Taxed After Twitter Poll

8Nov

By Nasra HusseinNo Comments

Entertainment

Elon Musk May Have to Risk Having $25 Billion Taxed After Twitter Poll

Elon Musk s about to lose a big chunk of his fortune, assuming he follows through on what he said he'd do ... namely, sell off a ton of stock based on nothing but public consensus. The Tesla chief entertained a wild concept over the weekend ... the notion that he'd literally unload a crap ton of his company shares -- 10% of it, no less -- if Twitter users deemed it necessary for him to do so ... and then posting a 24-hour poll to that end. He wrote, "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?" EM added ... "I will abide by the results of this poll, whichever way it goes." Welp, the people have spoken ... and as it turns out, they're down for Elon to lower his net worth some -- with n...