Twitter has begun laying off employees under its new owner, Elon Musk. The San Francisco-based social media giant is expected to terminate up to 3,700 people — half of its workforce — on Friday, according to internal plans reviewed by Reuters this week. Twitter is already facing a proposed class action claiming the layoffs are imminent and will
Social
General Mills and Luxury automaker Audi of America said on Thursday they have paused advertising on Twitter, days after the social media platform was acquired by billionaire Elon Musk for $44 billion (roughly Rs. 3,37,500 crore). ”We will continue to monitor this new direction and evaluate our marketing spend,” a General Mills spokesperson said. Audi of
Twitter aims to start selling blue verification badges for user profiles as soon as next week, part of a plan by new owner Elon Musk to fight fake accounts and squeeze revenue from the company he bought for $44 billion (roughly Rs. 3.6 lakh crore). The badges will be part of an $8 (roughly Rs.
Ajit Mohan, who served as head of Meta in India, has left the firm to join rival social media company Snap. Mohan has taken up the role of President of APAC business at Snap, the company revealed on Thursday. Mohan joined Facebook in January 2019 as Vice President and Managing Director of its India business. Since
Homegrown microblogging platform Koo has announced that the total download for its application has crossed the 50 million (5 crore) mark. The platform was launched in early 2020 with an aim to become an alternative to other available microblogging options, including Twitter. It is a multi-lingual, micro-blogging platform to enable Indians to express themselves online in
Instagram is rolling out a redesigned version of Instagram for Web. The new features include a navigation sidebar that will come with links to pages including explore, search, messages among others. Earlier, these tabs used to feature as unlabeled buttons at the top. This redesign comes along as Instagram’s CEO, Adam Mosseri, confirms that there
Elon Musk is reportedly looking to make the edit button available for all Twitter users, without a Twitter Blue subscription. The Tesla CEO, who recently took on the role of Twitter CEO, on Tuesday announced plans to revise Twitter’s user verification process by charging $8 (roughly Rs. 660) a month for the Twitter Blue subscription
WhatsApp banned 26.85 lakh accounts in India in September, including 8.72 lakh accounts which were barred proactively before being flagged by users, the Meta-owned instant messaging firm said on Tuesday. The number of accounts blocked in September were 15 per cent more than the 23.28 lakh accounts the messaging platform banned in August. “Between 1
Elon Musk bought Twitter last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private company. That means Twitter, whose shares were delisted last week after almost a decade as
Twitter’s top executives, including Parag Agrawal and Vijaya Gadde will be entitled to “golden parachute” payouts worth more than $122 million (roughly Rs. 1,000 crore) after being fired by the company’s new owner, Elon Musk. A golden parachute is essentially a contract which entitles top executives of a company to substantial benefits in case they
Tesla boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion (roughly Rs. 3,63,700 crore), a move that Wall Street analysts have said could stretch the billionaire thin. Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm
Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter‘s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission. He’s
WhatsApp and Bangalore Metro Rail Corporation Limited (BMRCL) on Monday announced a partnership to launch Namma Metro’s WhatsApp chatbot-based QR ticketing service. The chatbot is integrated with Unified Payments Interface (UPI) powered payments on WhatsApp and will allow ‘Namma Metro’ commuters to purchase tickets and recharge their travel pass right within WhatsApp. BMRCL claimed it
The new amendments to IT rules impose a legal obligation on social media companies to take all out efforts to prevent barred content and misinformation, the government said on Saturday making it clear that platforms such as Twitter and Facebook operating in India will have to abide by local laws and constitutional rights of Indian
Binance, the world’s largest crypto exchange that has invested $500 million into Elon Musk’s buyout of Twitter, is creating a team to work on how blockchain and crypto could be helpful to Twitter, the company’s spokesperson said on Friday. As one of Elon Musk’s equity co-investors to fund his $44 billion (nearly Rs. 3,62,300 crore)
Elon Musk has tweeted that Twitter will instate a ‘Content Moderation Council’ comprised of people with ‘widely diverse viewpoints’. One of the key functions of this council will be to consider unblocking the accounts of people who have been permanently suspended. No major decisions about content moderation or reinstating blocked accounts will be made without
Elon Musk was forced through a months-long court battle to buy Twitter on Thursday, but numerous lawsuits remain against the world’s richest person and electric carmaker Tesla, where he is chief executive. Twitter Lawsuit Twitter investors sued Musk in May in San Francisco federal court, claiming he manipulated Twitter’s stock price by failing to disclose
General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was “engaging with Twitter to understand the direction of the platform under their new ownership.” Twitter did not immediately respond to a request for comment. Musk
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