Donald Trump was banned from the platform on 6 January 2021 when a mob of his supporters charged on the Capitol Building in Washington, D.C. He was banned due to inciting violence after he lost the 2020 elections. Donald Trump had 88 million followers before he was banned from the platform.
Musk, after successfully taking over Twitter for $44 billion is now cutting the 7,500 staff workforce as part of his restructuring.
After lengthy back & forth, Elon Musk was finally forced to purchase a declining company for $44 Billion, Now He is in charge to make it profitable.
Amazon is freezing its hiring while Lyft is laying off 700 workers, accounting for 13% of its employees. The news add to concerns that the tech labor market is cooling as the Federal Reserve continues slowing down the global economy.
Meta is picking a fight with Apple once again after the latest App Store policy updates.
Meta, Facebook’s parent company, is planning on selling Giphy just 2 years after it purchased it due to the UK competition watchdog ordering Meta to do so.
Today, the social network Twitter made the announcement that it will incorporate podcasts into its platform as part of the revamped Spaces tab. Twitter is now formally entering the podcast industry.
In a video he posted hours back, Tom Holland reveals he is parting ways with social media due to mental health problems. Tom Holland, ‘Spider man’, says he is going to delete the Instagram app because it affects his mental health. ‘I’ve taken a break from social media for my mental health because I find Instagram and twitter to be overstimulating, to be overwhelming.’, He says in his latest video on his social media.
Elon Musk, the CEO of Tesla, just sold 7.9 million shares of the company, which is worth $6.9 billion.
If you are a nerdy twitter user or an Elon Musk fan or critic you must come across the news of Twitter suing Musk for backing off from the Musk-Twitter Deal (due to the uncertain amount of Spam Accounts on the platform), and Musk’s asking the court to delay the trial until the next year. So the latest update in this Musk-Twitter saga is Elon Musk losing the first legal battle because the Judge ruled in the favor of Twitter and announced that the expedited 5-day trial will start in October.
Elon Musk announced that he would abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unraveling of the acquisition was just the latest twist in a saga between the world’s richest man and one of the most influential social media platforms, and it may portend a titanic legal battle ahead.
The planned takeover of Twitter by Elon Musk is in “serious jeopardy”, according to a report, sending shares in the company 4% lower in after-hours trading on Wall Street.
Musk’s team has stopped certain discussions around funding for the $44bn deal, according to a report, citing three people familiar with the matter. The report said Musk had concluded that Twitter’s figures on spam accounts – a bone of contention in the deal – were not verifiable.
