The Federal Trade Commission (FTC) is closely watching Twitter’s moves under new owner Elon Musk months after the agency fined the firm tens of millions of dollars, a spokesperson confirmed this week. “We are tracking recent developments at Twitter with deep concern,” an FTC spokesperson said in a statement to news outlets on Thursday. “No…
Elon Musk Says He ‘Killed’ New Official Label for Twitter Accounts
Elon Musk said in a tweet on Wednesday that he “killed” the new official label for Twitter accounts, on the same day that it began rolling out. “Please note that Twitter will do lots of dumb things in coming months,” he tweeted. “We will keep what works & change what doesn’t.” Musk backtracked on the…
Elon Musk Urges Advertisers to Give Twitter a Chance as Platform Evolves
Twitter owner Elon Musk told advertisers on Wednesday that he wants the social media platform to “be a force that moves civilization in a positive direction.” The billionaire industrialist hosted an hour-long Twitter Spaces session with representatives from several major companies, including Adidas, Nissan, and Walgreens. Since it was also a public event, approximately 100,000…
Biden Says Twitter Owner Musk’s Foreign Ties ‘Worthy of Being Looked At’
The Biden administration is weighing up probing Elon Musk’s “relationships with other countries” after the businessman purchased Twitter. President Joe Biden told reporters at a White House press conference on Nov. 9 that the industrialist’s “cooperation and/or technical relationships with other countries is worthy of being looked at.” Biden’s response came after he was asked…
Elon Musk Warns Twitter Staff of ‘Difficult’ Times Ahead as He Ends Remote Work: Report
November 10, 2022
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Business & MarketsCompaniesdifficult timesElon MuskMedia & Big Techremote workSocial MediaTechUSUS News
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Twitter’s new boss Elon Musk has reportedly sent his first email to staff, ending remote work arrangements and warning of tough times ahead in the face of economic headwinds. Musk’s email, according to Bloomberg, says that “the road ahead is arduous and will require intense work to succeed,” while telling staff they need to be…
Elon Musk’s Net Worth Slips Below $200 Billion as Tesla Shares Waver
Elon Musk’s net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc. shares on fears the top executive and largest shareholder of the world’s most valuable electric-vehicle maker is more preoccupied with Twitter. Musk now has a net worth of $194.8 billion, according to Forbes, with a big share of that coming…
Twitter to Introduce ‘Official’ Label for Some Verified Accounts
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…
Elon Musk Sells Another $3.95 Billion Worth of Tesla Shares After Twitter Takeover
November 9, 2022
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Business & MarketsCompanieseconomyElon MuskInvestmentMarketsMedia & Big TechstocksteslaTwitterUSUS News
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Elon Musk has sold millions more shares in Tesla, according to three separate forms filed with the Securities and Exchange Commission this month. CEO Musk sold 19.5 million shares of the electric vehicle maker, worth $3.95 billion, from Nov. 4 to Nov. 8, the filings show. The share sell-off comes after Musk took over social media platform Twitter in…
NTD Good Morning (Nov. 8): Elon Musk’s Advice to Midterm Voters; DOJ to Monitor Midterms in 24 States; Democrats and GOP Final Push
Elon Musk tweets an endorsement of a Republican Congress. The successful entrepreneur is calling for a balance of power. The Department of Justice plans to have workers monitoring the midterm elections on Nov. 8. However, not everyone is open to the idea. Democrats make a final push for the finish line with rallies in several states….
Musk Tells Mark Ruffalo ‘Not Everything AOC Says Is Accurate’
November 8, 2022
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Business & MarketsCompaniesElon MuskMark RuffaloMedia & Big TechRep. Alexandria Ocasio-CortezSocial MediaTechTwitterUSUS News
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The spat between Elon Musk and Rep. Alexandria Ocasio-Cortez (D-NY.) is heating up after actor Mark Ruffalo’s involvement. The tech billionaire told Ruffalo on Nov. 5 that “not everything AOC says is accurate.” Musk earlier this month sparked backlash over a plan to charge $8 per month for a subscription service, dubbed “Twitter Blue,” to…
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