CEO’s decision to post crying selfie on LinkedIn doesn’t go over well
With more than 68,000 workers in tech laid off in 2022, many read Wallake’s post as privileging the chief executive’s pain over that of the employees being let go.
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FTC looking at rules to corral tech firms’ data collection
Federal regulators are looking at drafting rules to crack down on what they call harmful commercial surveillance and lax data security.
Facebook reports first-ever decline in revenue, hinting at darkening economy
Facebook executives warned that marketers are pulling back spending in part because of an uncertain economic environment, which has some experts warning a recession could be on the horizon.
Facebook forsakes friends and family to compete with TikTok
Facebook announced Thursday that it’s overhauling the design of its flagship social network by elevating content from creators over posts from friends and family in an effort to fend off intensifying competition for users’ attention.
Twitter sues to force Musk to complete his $44B acquisition
In a fiery filing, Twitter accuses Musk of violating the merger agreement “because the deal he signed no longer serves his personal interests.”
Twitter prepares to take its fight against Elon Musk to the courts
The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.
Musk abandons $44B deal to buy Twitter; company says it will sue
Twitter could push for a $1 billion breakup fee that Musk agreed to pay under these circumstances. Instead, it looks ready to fight to complete the purchase, which the company’s board has approved and CEO Parag Agrawal has insisted he wants to consummate.
Reports: Twitter to provide Musk with raw daily tweet data
Twitter plans to offer Elon Musk access to its “firehose” of raw data on hundreds of millions of daily tweets in an effort to push forward the Tesla billionaire’s agreed-to $44 billion acquisition, according to multiple news reports.
Musk threatens to walk away from Twitter deal
Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
Zionsville mayor says anger sparked profane Facebook tirade on gun violence
Zionsville Mayor Emily Styron berated a commenter she disagreed with in a profanity-filled Facebook posting following the school shooting in Texas that took the lives of 19 children.
Social media hammered by mounting questions over advertising
Social media companies are competing for the same pool of advertising money that is increasingly under threat from spiking inflation and also changes at Apple Inc. that can restrict the information social media platforms can collect on users, a big selling point for advertisers.
Musk hints at paying less for Twitter than his $44B offer
Tesla CEO Elon Musk told a Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report by Bloomberg News.
Musk says $44B Twitter acquisition ‘temporarily on hold’
Elon Musk’s concern about spam and fake accounts on the social media platform represents yet another twist amid signs of internal turmoil over the proposed acquisition.
Musk lines up $7.1B in investor financing for Twitter bid
The infusion adds heft to the Tesla chief’s offer and eases some of the financial pressure he’s taken on in pursuit of the social media platform.
Elon Musk spoke of possible Twitter job cuts with bankers
Musk also brought up several ideas to boost revenue for the company, such as paying “influencers” to create content, following a business model that helped make TikTok a powerhouse social media app.
UPDATE: Elon Musk buying Twitter for $44B, plans to privatize company
The outspoken Tesla CEO, who is also the world’s wealthiest person, has said he wanted to buy and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Twitter adopts ‘poison pill’ defense in Musk takeover bid
Twitter’s plan would take effect if Musk’s roughly 9% stake grows to 15% or more. Even then, Musk could still take over the company with a proxy fight by voting out the current directors.
Inside Twitter, Elon Musk’s bid prompts employee worries, exasperation
CEO Parag Agrawal held a companywide meeting to reassure his 7,500 full-time employee workforce by arguing that one man could not change a culture and that it was up to the company to set strategy
Tesla CEO Elon Musk offers to buy Twitter
Musk has been a vocal critic of Twitter in recent weeks, mostly over his belief that it falls short on free speech principles. He now says, “Twitter needs to be transformed as a private company.”
Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk
Twitter co-founder Jack Dorsey stepped down as CEO in November. Musk’s stake in Twitter is now more than four times the size of Dorsey’s, who had been the largest individual shareholder.