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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TECH NEWS

Elon Musk Buys Twitter for 44 billion

Elon Musk Buys Twitter for 44 billion

April 26, 2022 / By Zunair Tahir / Tech News

The world’s most expensive business deal has been finalized, with Elon Musk, head of US company Tesla and private space company SpaceX, agreeing to buy microblogging site Twitter for about ً 44 billion.

According to the agreement, Elon Musk will pay 54.20 Dollar per share in cash to buy Twitter.

According to reports, Elon Musk has become the sole shareholder of Twitter after the agreement. This is by far the largest bargain to be made by any private company in the world.


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According to the British news agency Reuters, Elon Musk and Twitter reached a 44 billion deal on Monday, after which control of the social media platform will now be transferred to the richest man in the world. Elon Musk had offered to pay 54.20 per share for the microblogging site, signaling his intention to buy Twitter.

Under pressure, Twitter later began negotiations with Elon Musk to sell the company at a proposed price of 54.20 Dollar per share, and the deal was finalized on Monday. According to reports, after this news, the shares of Twitter have increased by about 6%.


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Automotive News

How Many Cars did Tesla Sell Worldwide in 2021?

How Many Cars did Tesla Sell Worldwide in 2021?

January 3, 2022 / By Zunair Tahir / News

Tesla, a company famous for making electric vehicles, has delivered about 1 million electric vehicles in 2021.

AFP news agency quoted a company statement as saying that the number of vehicles delivered in 2021 is almost double the number of vehicles delivered in 2020. And the Company is also going up in the value and crossing all companies that are making Electric cars.

Tesla, a company famous for making electric vehicles, has delivered about 1 million electric vehicles in 2021.A statement issued on Sunday added that the results have been good despite global supply challenges. It should be noted that this American company, which manufactures electric vehicles, had delivered more than 936,000 vehicles in 2021.

That’s 87% more than the number of vehicles delivered in 2020, according to the company.
In January last year, Tesla management announced that the company intends to increase vehicle deliveries by 50% year on year in the coming years, and the results reported on Sunday are well ahead of this target.

In the fourth quarter of last year, Tesla delivered 308,600 vehicles.

People rent cars at a Hertz car rental counter in the Miami International Airport on October 25, 2021 in Miami, Florida. Hertz announced that it ordered 100,000 Teslas as the company is emerging from bankruptcy.

The company has managed to tackle the global problem of scarcity of resources facing the auto industry.
Elon Musk, head of Tesla, said he had partially solved the semiconductor shortage by modifying the newly designed chip and software.

However, Tesla was once again profitable in October when it received an order for 100,000 electric vehicles from Hertz, a car rental company, to be completed by 2022.
With this announcement, Tesla has entered the list of the few companies worth more than one trillion dollars in the stock market.


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