TECH NEWS

Elon Musk Intends To Eliminate 50% Of Twitter Workers

Elon Musk Intends To Eliminate 50% Of Twitter Workers

November 3, 2022 / By Zunair Tahir / Tech News


In an effort to reduce expenses, Elon Musk intends to eliminate 3,700 employees at Twitter Inc., or half of the company’s employment, according to a report published on Wednesday by Bloomberg News, which cited people familiar with the situation.

READ MORE: According To Elon Musk Twitter Will Change How It Verify Their Users

The impacted employees will be informed on Friday by Twitter’s new owner.

According to Bloomberg, Musk plans to overturn the social media company’s current “work from anywhere” policy and mandate that staff work from the office, with some possible exceptions.

In an effort to reduce expenses, Elon Musk intends to eliminate 3,700 employees at Twitter Inc., or half of the company’s employment, according to a report published on Wednesday by Bloomberg News, which cited people familiar with the situation.

The impacted employees will be informed on Friday by Twitter’s new owner.

According to Bloomberg, Musk plans to overturn the social media company’s current “work from anywhere” policy and mandate that staff work from the office, with some possible exceptions.


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TECH NEWS

According To Elon Musk Twitter Will Change How It Verify Their Users

According To Elon Musk Twitter Will Change How It Verify Their Users

October 31, 2022 / By Zunair Tahir / Tech News


Just days after taking control of one of the most significant social media platforms in the world, Elon Musk said in a tweet on Sunday that Twitter will change its user verification procedure.

Musk stated in a tweet that “the whole authentication procedure is now being redesigned” without providing any other information.

According to two persons with knowledge of the situation, technology publication Platformer revealed on Sunday that Twitter is thinking about charging for the coveted blue check mark confirming the identity of the account user.

If the initiative is approved, users would have to pay $4.99 per month for Twitter Blue in order to keep their “verified” badges.

Although the project may still be shelved since the CEO of Tesla Inc. has not made a final decision, Platformer predicts that verification will most likely be included in Twitter Blue.

Separately, according to internal letters they obtained, The Verge claimed on Sunday that Twitter will raise the monthly membership fee for Twitter Blue, which also validates users, from $4.99 to $19.99.

As the platform’s first subscription service, Twitter Blue was introduced in June of last year. For a monthly membership fee, it provides “exclusive access to premium features,” including the ability to edit tweets.

After Musk asked his tens of millions of Twitter followers whether they wanted an edit button in April, the option to edit tweets was also made accessible earlier this month. The yes response rate was above 70%.

According to a separate Sunday Verge post citing staff members with knowledge of the situation, Musk has also asked that logged-out users accessing Twitter’s website be diverted to the Explore tab, which displays trending tweets.


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TECH NEWS

Musk Prepared To Acquire Twitter For The Original Price

Musk Prepared To Acquire Twitter For The Original Price

October 5, 2022 / By Zunair Tahir / Tech News


WASHINGTON: Two persons familiar with the situation said on Tuesday that billionaire Elon Musk wants to proceed with his initial $44 billion bid to take Twitter Inc. private, bringing an end to the contentious legal dispute that was ready to go to trial.

The settlement puts the richest person in the world in command of one of the most powerful media outlets and puts an end to months of contentious litigation that hurt Twitter’s reputation and fueled Musk’s reputation for acting erratically.

Musk, the CEO of electric vehicle manufacturer Tesla Inc., will take over a firm he first committed to purchasing in April but quickly changed his mind about.

READ MORE: What Fresh Features Will Meta Be Introducing To Its Facebook & Instagram Users?

Before trading was again suspended, Twitter shares increased 12.7 percent to $47.93, while Tesla shares increased by around 1%.

According to an earlier story from Bloomberg, Musk proposed the idea in a letter to Twitter.

The information comes ahead of a highly anticipated courtroom confrontation between Musk and Twitter on October 17, when the social media firm was expected to ask the judge to require Musk to consummate the acquisition at $54.20 per share.

Musk agreed to purchase Twitter in April for $44 billion, or $54.20 per share, but claimed shortly after that a considerably greater percentage of accounts were bots than Twitter’s estimate of fewer than 5% of users.

Bots are automated accounts, and their usage may cause overestimations of the number of real users, which is crucial for determining advertising prices and the service’s overall worth.


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