Elon Musk Twitter Takeover HIGHLIGHTS: Misunderstanding With Apple On 'Twitter's Removal From App Store' Cleared: Musk
Elon Musk takes over Twitter: Highlights from Musk's hostile Twitter takeover.
LIVE
Background
Elon Musk took over Twitter on October 27 after months of negotiations and surprise u-turns. After Twitter accepted the Tesla and SpaceX CEO’s $44-billion deal, Musk quickly moved to bring in several changes to the microblogging platform. He began by firing the company's entire board of directors, including CEO Parag Agrawal, in turn becoming the ‘sole director’ himself, which he claims is “only temporary”. He’d follow that up with eventual mass layoffs of the company’s global workforce, reducing the number of employees by nearly half.
However, what drew the most attention was the monetisation of Twitter’s blue-tick verification badge. Previously, the verification badge was provided to users free of cost, after a rigorous check of government-approved IDs and verified URLs in some cases.
However, under Musk’s revamp plans, the verification badges have been brought under the Twitter Blue plan, which is priced at $7.99 per month. Under the new rules, already verified users will lose their blue ticks if they don’t choose to pay the aforementioned amount within a period of 90 days.
The monetisation of verification, along with the mass layoffs, has drawn flak on the platform from regular users and celebrities alike, many of whom have denied to pay for verification, including the likes of Stephen King, Martina Navratilova, Shonda Rimes, Alexandria Ocasio-Cortez, and more.
The $7.99-per-month plan has already gone live in several countries, including India.
Explaining the reason behind the moves, Musk said that cost-cutting is the primary objective. He said that the company was losing over $4 million per day. He also clarified that exiting employees were given three months of severance pay, which was 50 per cent “more than legally required”.
As Musk continues to bring in changes to Twitter, follow this live blog for the latest updates on everything related to the takeover and its fallout.
Misunderstanding With Apple On 'Twitter's Removal From App Store' Cleared: Musk After Meeting Tim Cook
New Twitter boss and tech billionaire Elon Musk met with Apple CEO Tim Cook and tweeted that a misunderstanding regarding Twitter being removed from Apple App Store has been cleared. This comes within a week of Musk claiming that Apple has stopped most of its advertising on the micro-blogging platform and accused the company of threatening to withdraw the platform from its App Store.
Trump Poll Getting 1M Votes Each Hour, Says Elon Musk On Poll To Get Trump Back On Twitter
Elon Musk has tweeted saying that the poll he started on getting former US President Donald Trump back on Twitter is getting1M votes each hour.
Reinstate former President Trump
— Elon Musk (@elonmusk) November 19, 2022
Elon Musk's Two Promises On World Cup Coverage
Elon Musk has made two Promises on the World Cup coverage.
First World Cup match on Sunday! Watch on Twitter for best coverage & real-time commentary.
— Elon Musk (@elonmusk) November 18, 2022
FTX's New CEO Calls Meltdown 'A Complete Failure Of Corporate Controls'
The newly appointed CEO of FTX, John Ray III, came down heavily on its former CEO and founder Bankman-Fried for the complete failure of the company. In a court filing, he called the FTX turmoil "a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here." He was appointed as the new CEO of FTX after the company filed for bankruptcy in a US court. Ray has been a veteran insolvency professional with Enron. He has over 40 years of experience in the corporate world.
El Salvador Will Buy Bitcoin Every Day Starting Today: President Nayib Bukele
El Salvador will begin buying one Bitcoin a day from today (November 18), as per Salvadoran President Nayib Bukele. The announcement comes at a time when the crypto world is already facing unprecedented challenges after the failure of crypto exchange FTX and its consequent bankruptcy filing in the US court. After becoming the first country in the world to adopt Bitcoin as an official and legal tender in September 2021, El Salvador has already purchased about 2,381 Bitcoins for its treasury.
Trending News
Top Headlines
