With $1.2 billion of annual interest payments from the acquisition coming due, and possibly higher with rising interest rates, Musk is in a rush to shore up cash
From India to Brazil and the US, officials are warning of a proliferation in fake accounts, with some saying the new system in which a blue check mark can be bought for $7.99 a month is ripe for abuse
Twitter Inc. suspended the $8 subscription program it launched earlier this week to combat a growing problem of users impersonating major brands, a person familiar with the move said
Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar
In a rare intervention on Thursday, the US Federal Trade Commission said that it was tracking developments with "deep concern" and said that "no CEO or company is above the law"
It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity
Twitter is once again adding gray official labels to some prominent accounts. The company, in its second chaotic week after billionaire Elon Musk took over, had rolled out the labels earlier this week, only to kill them a few hours later. But on Thursday night they were back again, at least for some accounts including Twitter's own, as well as big companies like Amazon, Nike and Coca-Cola. Some media companies, such as The New York Times and The New Yorker also had the labels as of 9 pm Pacific time, while others, like The Wall Street Journal and The Los Angeles Times, did not. Celebrities, some of whom have been impersonated this week since Musk began overhauling Twitter's blue check verification system, also did not appear to be getting the official label. Twitter began offering a subscription service this week that for USD 8 a month gets anyone who wants without actual verification the blue check mark that previously was given to prominent accounts to prevent impersonation.
Instances of racial slurs have soared on Twitter since Elon Musk purchased the influential platform, despite assurances from the platform that it had reduced hateful activity, a digital civil rights group reported on Thursday. Researchers at the Centre for Countering Digital Hate found that the number of tweets containing one of several different racial slurs soared in the week after Musk bought Twitter. A racial epithet used to attack Black people was found more than 26,000 times, three times the average for 2022. Use of a slur that targets trans people increased 53 per cent, while instances of an offensive term for homosexual men went up 39 per cent over the yearly average. Examples of offensive terms used to target Jews and Hispanics also increased. All told, the researchers looked at nearly 80,000 English-language tweets and retweets from around the world that contained one of the offensive terms they searched for. The figures show that despite claims from Twitter's Head of Tr
On November 1, Musk said that the subscription pack would be 'adjusted by country proportionate to purchasing power parity'
The new Twitter CEO also said that going forward, accounts engaged in parody must include 'parody' in their name, not just in bio
Users started creating accounts pretending to be major brands and politicians, fooling users and potentially jeopardizing Twitter's now-shaky reputation with top advertisers
New Twitter owner Elon Musk emailed his workers for the first time to prepare them for "difficult times ahead" and ban remote work unless he personally approved it
The number of layoffs in India could not be confirmed
Microblogging platform Twitter's Indian arm recorded a loss of around Rs 32 crore in the financial year which ended on March 31, 2022, according to documents sourced by business intelligence platform Tofler. Twitter India, which recently laid off over 160 employees, had posted a profit of Rs 7.76 crore in the financial year 2020-21. The document shows that employee expenses of the company had jumped over three-fold to Rs 136.81 crore during the reported fiscal from Rs 43.25 crore in 2020-21. Twitter India's revenue, however, jumped by about 82 per cent to Rs 156.75 crore in FY22 from Rs 86.36 crore in the preceding fiscal.
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Two front runners have emerged as alternatives to Twitter in the aftermath of Musk's chaotic takeover, but they're some distance from viably competing with the microblogging site
Koo -- the made-in-India rival of Twitter -- will not charge users for a verification badge, its co-founder and CEO Aprameya Radhakrishna said as he took on the larger rival for allegedly first creating bots and now charging users for verification. Koo, which allows users to express views in Indian languages, has already crossed 50 million downloads and is now flying into the rival's nest, starting a campaign on Twitter by making itself prominently visible on verified handles and offering them better deals on its platform at no cost. Since taking over Twitter, billionaire Elon Musk has set in motion massive changes, sacking employees and talking of levying a USD 8 charge for 'verified' handles. Koo, on the other hand, offers Aadhaar-based self-verification and a free-of-cost yellow verification tag for eminent persons. Radhakrishna said Twitter bots, also known as zombies, are automated accounts controlled by bot software. Their purpose is to tweet and retweet content for specific
Musk, however, said that he would only approve remote work on a case-by-case basis
Mastodon handle includes your full identity, complete with the server name, like @ramkrishna@ mastodon.social
"Rollout of new verified Blue is intentionally limited just to iOS in a few countries with very little promotion. As we iron out issues, we will expand worldwide on all platforms," Musk said