Twitter co-founder and former CEO Jack Dorsey said Saturday that he was responsible for the company’s situation that resulted in the layoff of 50 percent of the workforce under new owner Elon Musk. Dorsey posted an apology on Twitter for “growing the company size too quickly,” which he claimed was the cause of the company’s…
Former Twitter CEO Jack Dorsey Says He ‘Owns Responsibility’ for Company’s Mass Layoffs
November 7, 2022
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Twitter Fact-Checks Biden’s Low Gas Price Claim
November 7, 2022
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2022 Midterm ElectionsBusiness & MarketsCompaniesDemocratseconomyenergyExecutive Branchgas priceinflationJoe BidenMedia & Big TechPoliticsSocial MediaTechTwitterUSUS News
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Twitter fact-checked a Sunday post by President Joe Biden over what he dubbed “the most common” gas price—a top voter issue in Tuesday’s midterm elections. “Right now, the most common price at gas stations across the country is $3.19 per gallon,” Biden said in a Nov. 6 post. “That’s progress,” the president added. Users, however,…
Elon Musk Confirms Twitter Employees Sold Verification Badges ‘Behind the Scenes’
Elon Musk on Saturday confirmed claims that Twitter employees were selling verification badges for certain users. “Twitter employees were selling verification for upwards of $15,000. For certain accounts, mine included, they would refuse to verify you through the standard application and then privately offer to verify you for $$ behind the scenes. Investigation needed,” a…
Twitter Launches Monthly Subscription Service, Certain Users Get Discount
Twitter on Nov. 5 launched a monthly subscription service dubbed “Twitter Blue.” The first major product update since Elon Musk bought the California-based company, Twitter Blue was being offered to certain users for $4.99 a month and to others at $7.99 a month. The subscription gives people “exclusive benefits,” prospective subscribers were told, including early…
Elon Musk Threatens to ‘Name and Shame’ Advertisers Boycotting Twitter
November 5, 2022
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Elon Musk has threatened to “name and shame” brands that have either vocally or quietly pulled their ads from Twitter following Musk’s takeover of the social media platform and firing of around half of its staff. Barely a week into his ownership of Twitter, which he has called a “digital town square” where a broad…
Watchdog Says White House May Have Illegally Deleted Tweet on Social Security Boost
A watchdog group that seeks to hold government officials accountable has called for an investigation into whether a recent tweet posted by the White House Twitter account was later deleted illegally. Protect the Public’s Trust (PPT), which seeks to expose “the self-dealing and conflicts of interest, and the improper and illegal behavior of senior officials,”…
Biden Frets That Free Speech ‘Absolutist’ Elon Musk Bought Twitter That ‘Spews Lies’
November 5, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskExecutive BranchFeatured TopicsJoe BidenMedia & Big TechPoliticsTwitterUSUS News
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President Joe Biden fretted over Elon Musk’s takeover of Twitter in remarks at a Democratic fundraiser on Friday, saying “we are all worried” that Musk—a self-avowed free speech “absolutist”—bought a platform that “spews lies across the world.” Biden made the remarks at a Democratic fundraiser in Rosemont, Illinois, on the same day that Twitter laid…
Erdogan Says He Could Discuss Charge for Twitter Blue Check With Elon Musk
ISTANBUL—Turkish President Tayyip Erdogan said he may negotiate with Twitter’s new boss Elon Musk to avoid paying the monthly $8 charge for the “verified” badge. After buying Twitter for $44 billion last week, Musk said the company will charge $8 a month for its Blue service, which includes the sought-after blue check mark. In an…
Twitter Temporarily Closes Offices as Layoffs Begin
Twitter Inc. temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed by email about whether they were being laid off. The move follows a week of chaos and uncertainty about the company’s future under new owner Elon Musk. The social media company said in…
Essential and Nonessential Workers: Reshuffled!
November 4, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsElon Muskessential workersjobs reportnonessential workersOpinionTwitterU.S. economy
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Commentary It’s finally happening: Elon is bringing economic rationality to Twitter, the company he just took over under very high pressure to amp up cash flow in the midst of a stagflationary environment. It’s no easy task but it certainly begins with cost cutting. First on the chopping block: the labor pool itself. Half the…
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