Category: Musk, Elon

Elon Musk Begins Layoffs at Twitter

The New York Times – Business:
The social media company’s 7,500 employees have been bracing for job cuts since Mr. Musk took it over last week.
Elon Musk, Under Financial Pressure, Pushes to Make Money From Twitter

The New York Times – Business:
The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes

The New York Times – Business:
Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.
BlackRock Expands Client Voting in Shareholder Elections

The New York Times – Business:
The money manager said it will let more clients vote individually in companies’ elections, as it faces criticism of its own shareholder power.
Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook

The New York Times – Business:
As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.
Why Does Twitter Verify Some Accounts?

The New York Times – Business:
Elon Musk, who recently closed a deal to acquire the social media company, could soon charge a monthly fee for the blue verification badge that indicates a Twitter account is authentic.
Investors Await the Fed’s Next Move

The New York Times – Business:
Markets expect another big interest rate increase on Wednesday. But investors are also anxious about the central bank’s coming moves.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

The New York Times – Business:
At least four Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

The New York Times – Business:
At least three Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Elon Musk and Twitter Executives May Still Fight in Court

The New York Times – Business:
Disputes over compensation and firings, and potentially over layoffs, could push both sides into fresh legal battles.
Truth Social’s Influence Grows Despite Its Business Problems

The New York Times – Business:
The right-wing social network faces two federal investigations and an uncertain financial future. But it has still managed to outpace its rivals.
Elon Musk, Plus a Circle of Confidants, Tightens Control Over Twitter

The New York Times – Business:
The billionaire and a group of his friends and advisers are working on layoff plans and how to swiftly change Twitter’s product, said people with knowledge of the matter.