Twitter Is Worth Just One-Third Of What Elon Musk And Co-Investors Paid For It In 2022, According To New Fidelity Report

Todd Spangler NY Digital Editor Elon Musk, owner of Twitter, CEO of Tesla and SpaceX and currently the world’s richest person, is siding with striking editorial staff members of Insider Inc. in their fight to get a new contract with the digital media outlet. “They should keep striking. Fight on, comrades!” Musk tweeted Wednesday in reply to a post about the Insider editorial strike. In May 2022, Business Insider published a story saying Musk was “accused of exposing himself during a massage and offering to buy a horse for a SpaceX flight attendant if she were willing to perform a sex act on him.” In response, Musk called the allegations “utterly untrue” and called a person who talked to Insider a “liar.”

Todd Spangler NY Digital Editor Linda Yaccarino, who has taken over the role of CEO at Elon Musk’s Twitter, sent out her first communication to the social network’s employees Monday. In her 320-word memo, Yaccarino, who jumped ship from NBCUniversal to join Twitter, didn’t spell out specifically how she plans to run Twitter’s operations or what the vision for “Twitter 2.0” is. Instead, she borrowed some of the talking points of her boss, who has previously described Twitter as “the digital town square where matters vital to the future of humanity are debated.” “From space exploration to electric vehicles, Elon knew these industries needed transformation, so he did it,” Yaccarino wrote in the memo. “More recently it has become increasingly clear that the global town square needs transformation — to drive civilization forward through the unfiltered exchange of information and open dialogue about the things that matter most to us.”

Linda Yaccarino, whose jump from a longtime exec perch at NBCUniversal to CEO of Twitter on the eve of the upfronts last month still has the industry abuzz, posted a thread to explain the motivation behind the move.

the mass exit of advertisers and users and a disturbing rise in hate speech. “I don’t think he’s dialed it in quite right, yet,” Williams told Chang.

New York Times. The presentation noted that falling short of weekly sales projections was a regular occurrence.Twitter’s ad sales staff attributed the lacking figures to multiple causes, including gambling and marijuana ads, as well as an uptick in hate speech and pornography on the platform.

the statement reads. “In addition to the changes on the platform that have led to an increase in hate speech, Musk himself has doubled down on dangerous anti-democratic lies and white nationalist hate speech.”B&J then says the platform is now a “threatening and even dangerous” place for women, the gay community, Jewish and Muslim people, racial minorities, and many other groups.“Musk and Twitter’s toxicity and tacit endorsement of hate and violence goes against everything our company stands for,” the post concludes.

Fidelity Investments has valued Twitter at one-third of the price Elon Musk purchased the site for last year, Bloomberg reports. The multinational finance service has continued to mark down the social media platform’s value since Musk finalized his deal to buy it for $44 billion in October.

Kate Bosworth and Justin Long officially tied the knot last month at the Rockaway Hotel in the borough of Queens in New York City, according to reports.

After years of bad blood between Kim Cattrall and her “Sex and the City” co-stars, she’ll be reprising her “SATC” chararacter, Samantha Jones, in the revival series “And Just Like That”.

After years of bad blood between Kim Cattrall and her “Sex and the City” co-stars, she’ll be reprising her “SATC” chararacter, Samantha Jones, in the revival series “And Just Like That”.

Alexandria Ocasio-Cortez is blasting Elon Musk after the Twitter owner interacted with a parody account impersonating the U.S. congressional representative.

devolved into an utter fiasco almost immediately.Hayes compared it to a similar public failure Musk experienced in 2019, and declared that the DeSantis event was really just “the world’s most embarrassing 404 error.” You can see for yourself in the clip above right now.“Do you remember that time billionaire Elon Musk unveiled the new Tesla Cybertruck, and when he went to demonstrate the vehicle’s supposedly ‘bulletproof glass,’ they smashed two of its windows even though they weren’t supposed to break? Today’s Twitter rollout of the Ron DeSantis campaign went kinda like that,” Hayes said.In case you didn’t have a chance to see for yourself, the homophobic and censorious Florida governor decided to formally announce his campaign for the 2024 GOP presidential nomination on Twitter Spaces, Twitter’s audio-only streaming platform. In the event, which took place earlier on Wednesday, DeSantis was to be interviewed by Musk in a conversation moderated by one of his donors, David Sacks, and that did eventually happen.

per CNN. “I will be interviewing Ron DeSantis, and he has quite an announcement to make,” Musk said.

Elon Musk basically confirmed today that Florida Gov. Ron DeSantis is set to announce his candidacy for the 2024 U.S. presidential election on Twitter tomorrow in an interview with the platform’s owner himself.

New Twitter CEO Linda Yaccarino is acknowledging the impending competition coming her way this summer as Instagram works on a text-based app.

Elon Musk‘s new feature for Twitter Blue subscribers — the ability to upload two-hour videos — has been used for film piracy.On Thursday (May 8), the owner of the social media platform announced that Twitter Blue subscribers would now be able to post 120-minute-long (8GB) videos.Shortly after the announcement, one verified user took advantage of the new feature and uploaded Shrek The Third in its entirety.The post currently sits at the top of the replies to Musk’s initial tweet. However, the video upload has since been disabled “in response to a report by the copyright owner.”Other users have since been taking advantage of the feature to share more copyright-infringed videos, such as movies, full sports matches and concert events.fuck it.

Brian Steinberg Senior TV Editor On his Fox News program, Tucker Carlson would often declare himself “the sworn enemy of lying, pomposity, smugness and group think.” So now he wants to launch a show on Twitter? The social-media platform has given millions of people the ability to express themselves and communicate in ways they never could before, but it has also become a haven for bullying, tribalism and disinformation. Carlson may become part of the venue’s latest effort to keep traffic flowing even as many advertisers keep more than an arm’s length away. Figuring out how to handle Carlson could be one of the first challenges for Linda Yaccarino, who has been named Twitter’s new CEO. The former NBCUniversal ad-sales chief knows what it takes to line up blue-chip sponsorships at scale. But doing that on behalf of Carlson may be a mission impossible. HisFox News show suffered from a dearth of mainstream national advertisers, despite the show’s high ratings. After recent revelations about the host’s use of racist and misogynist language, disclosed in documents tied to Dominion Voting Systems’ defamation litigation against Fox News, Twitter’s new bosswould have to hunt far and wide for any traditional sponsors willing to associate Carlson with their brands.

Elon Musk defended his propensity to step into divisive debate and even in advancing conspiracy theories, telling CNBC, “I’ll say what I want to say, and if the consequences of that is losing money, I’ll say it.”

Todd Spangler NY Digital Editor Elon Musk, after dramatically slashing Twitter’s headcount following his takeover of the social platform, said the company will try to rehire some of them — acknowledging that the job cuts were too deep. Musk has slashed Twitter’s headcount by about 80%, from 7,800 to about 1,500, as he has attempted to cut costs and get the company in the black. “Some people who were let go probably shouldn’t have been,” Musk said during an interview with CNBC anchor David Faber following the 2023 Tesla annual shareholder meeting Tuesday at the car maker’s headquarters in Austin, Texas. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Musk said. Twitter now will probably try to rehire some of the Twitter employees that were let go, he said.