Elon Musk Archives - Page 3 of 3

23 Nov

Ghanaians Are Sowing No Fear Against Elon Musk As They Gear Up To Sue The World’s Richest Man For Unequal And Unjust Treatment And Intimidation Tactics

wontumionlineBusinessElon Musk

Since taking over twitter in late October, Elon Musk has been on a firing spree, in an attempt to cut down the company’s 7000 staff to 3500. This of course meant that entire markets would be affected, and no twitter employee is safe. In Africa, Twitter had only one base of operation, which was an office in Accra Ghana, operated by a 12 person team. Given the already small number of employees, it made very little sense that the Tesla founder would fire all but 1 of the staff members in the only twitter headquarter on the entire African plain. …

23 Nov

Twitter Staff In Ghana Are Rejecting Elon Musk’s Lay-Off Package

wontumionlineBusinessElon Musk, Twitter, Twitter staff

About a dozen Twitter staff based in Ghana, which was the firm’s only office in Africa, have rejected a severance package offered to them and are now considering taking legal action. The staff’s legal firm has told the BBC that Twitter wants to negotiate the severance package and termination process, but it did not provide details of how it will do so. The layoffs were part of a global staff cull introduced by new boss Elon Musk. The employees, who spoke on condition of anonymity, argue that they have been short-changed. They have hired lawyers to initiate talks with Ghana’s labour…

15 Nov

Elon Musk Says He’s Sleeping At Twitter’s HQ ‘Until The Org Is Fixed’

wontumionlineBusinessElon Musk, Twitter

Twitter CEO Elon Musk tweeted on Monday morning that he will be working and sleeping at the Twitter headquarters in San Francisco “until the org is fixed,” after saying he spent the previous night there. Musk made the tweet as part of a Twitter thread started by Eric Frohnhoefer, a Twitter employee that’s been at the company for around six years, after he accused Musk of providing incorrect information on why the Twitter app has been, in the Twitter CEO’s words, “super slow” in many countries. Musk’s decision to sleep at the office comes as Twitter staff last Thursday were told that he…

09 Nov

Twitter To Introduce ‘Official’ Label For Some Verified Accounts

wontumionlineNewsElon Musk, Twitter

Billionaire Elon Musk's social media platform Twitter will introduce an "Official" label for select verified accounts including major media outlets and governments when it launches its new $8 premium subscription product, its early stage products executive Esther Crawford said on Tuesday. Crawford also confirmed that the revamped Twitter Blue subscription product, which will allow paid users to carry blue check marks on their accounts, will not actually verify users' identities. The lack of ID verification is likely to raise concerns about the possibility of people impersonating public figures. Already, such concerns have caused Twitter to hold off on launching the…

09 Nov

Elon Musk Sells Almost $4bn Of Tesla Shares

wontumionlineBusinessElon Musk

Tesla boss Elon Musk has sold another 19.5 million shares of the electric car maker worth $3.95bn (£3.4bn), filings with the US financial watchdog show. The news comes less than two weeks after the world's richest man completed his $44bn takeover of Twitter. Tesla's share price has fallen by more than 50% since the start of this year. Separately, Tesla is recalling just over 40,000 of its vehicles in the US because of a potential problem with their power-steering. The latest sale brings the total value of Tesla shares sold by Mr Musk to almost $20bn since he announced earlier…

04 Nov

Elon Musk Announces Twitter Mass Layoffs To Begin Today

wontumionlineShowbizElon Musk, Twitter

Elon Musk will begin mass layoffs at Twitter on Friday, sharply reducing the social media platform’s workforce, the company said in an email to staff on Thursday. “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” said the email. The New York Times and Washington Post both reported on the layoffs and cited the internal email. https://twitter.com/WillOremus/status/1588336115031117824?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1588336115031117824%7Ctwgr%5Ea425ea84fcd665f5306caa9a5ab8b17fe11f08a3%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.myjoyonline.com%2Felon-musk-announces-twitter-mass-layoffs-to-begin-today%2F All employees will receive an email on Friday, the notice said. Those who will keep their jobs will get an email to their work account, those being laid off…

02 Nov

Twitter CEO Elon Musk Confirms Blue Tick Will Cost $8-a-Month

wontumionlineShowbizElon Musk

Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account. As part of changes after a $44bn (£38bn) takeover of the social media site, Mr Musk said it was “essential to defeat spam/scam”. A blue tick mark next to a username – normally for high-profile figures – is currently free. The move could make it harder to identify reliable sources, say critics. Mr Musk, the world’s richest person, added that paid users would have priority in replies and searches, and half as many advertisements. “Power…

31 Oct

Elon Musk’s Twitter Is Planning to Charge $20 Per Month for Coveted Blue Check Marks

wontumionlineNewsElon Musk, Twitter

Just days after taking over Twitter, Elon Musk has issued an ultimatum to engineers over a new project. According to a report from The Verge, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month. The kicker is that engineers have until November 7 to launch the scheme or face being fired. Employees were only told of the project on October 30. The Verge report says that the price of the verification is subject to change. The price will also cover so-far unspecified other features. Since Musk first offered to buy Twitter, the world's wealthiest man has made…