Tag: Social Media

Jack Dorsey Retains Stake in Twitter, Saving Elon Musk $1 Billion

November 1, 2022
Business & MarketsCompaniesElon MuskInvestmentJack DorseyMarketsMedia & Big TechSocial MediaTechTech NewsTwitter
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Twitter co-founder and former CEO Jack Dorsey has retained his 2.4 percent stake in the social media platform after it was acquired by Tesla CEO Elon Musk, according to a new filing with the Securities and Exchange Commission. According to the filing, Dorsey retained more than 18 million shares in Twitter, valued at about $1 billion when the company became private. The…

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Dorsey’s Social Media Network Gains Traction Following Musk’s Twitter Takeover

October 31, 2022
BlueskyBusiness & MarketsCompaniesdecentralizationElon MuskElon Musk Twitter DealJack DorseySocial MediaTechTech News
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Founder and former Twitter CEO Jack Dorsey’s new platform, Bluesky, picked up steam as some Twitter users look for alternative options amid Elon Musk’s recent takeover. The beta-mode app has reportedly registered 30,000 signups on its waiting list. “Wow. 30k signups for our app’s waiting list in the last two days! Thanks for the overwhelming…

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Changing of the Guard: Can Musk Deliver on His Promises for Free Speech and Information?

October 31, 2022
Big Techcancel culturecensorshipdisinformationElon Muskhate speechOpinionproperty rightsSocial MediaTwitterViewpointswoke
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Commentary Elon Musk’s takeover of Twitter and his immediate firing of top brass represents a potential weakening of the Big Digital woke cartel that controls information, censers content, censures and bans users, and serves as a propaganda arm of leftist totalitarian statists. Given their cooperation with and promotion of leftist statism, it is more than evident that…

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Twitter Fact-Checks Biden’s Claim That Companies Paid No Taxes

October 31, 2022
2022 Midterm ElectionsBusiness & MarketsCompanieseconomyElon MuskExecutive BranchJoe BidenMedia & Big TechPolicies & ImpactsPoliticsSocial MediaTechTwitterUSUS News
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Twitter flagged President Joe Biden’s claim that “55” big corporations nationwide paid no taxes for 2020, as the platform affirmed that “only 14” of them were eligible to be taxed. Biden took to Twitter to boast about his Inflation Reduction Act last Friday, using one of his favored data targeting big companies. “Let me give…

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Elon Musk Confirms Twitter Will Revise User Verification Process

October 31, 2022
Business & MarketsCompaniesElon MuskMedia & Big TechSocial MediaTechTech NewsTwitter
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Twitter will be revising how it verifies users of the social media platform, billionaire businessman Elon Musk confirmed on Oct. 30. Musk wrote on Twitter that the “whole verification process is being revamped right now,” but did not provide further details. His post came in response to a question from spaceflight photographer John Kraus, who had asked…

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Elon Musk Says New York Times Report on Avoiding Payouts to Twitter Employees Is ‘False’

October 31, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskFeatured TopicsMedia & Big TechSocial MediaTechThe New York TimesTwitterUSUS News
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Tesla CEO Elon Musk has taken to Twitter to address a “false” report by The New York Times that he planned to lay off some Twitter employees before Nov. 1 to avoid payouts in their contracts. The New York Times, citing “four people with knowledge of the matter” reported on Oct. 29 that billionaire Musk planned to start…

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Judge Orders Meta to Pay $10.5 Million in Legal Fees to Washington

October 29, 2022
ADBusiness & MarketscampaignCompaniesDistrict of ColumbiaFacebookLocal NewsMedia & Big TechmetaRegional-Local NewsSocial MediaTechUSUS NewsWashington
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SEATTLE—Facebook parent company Meta has been ordered to pay $10.5 million in legal fees to Washington state atop a nearly $25 million fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North issued the legal-fee order Friday, two days after he hit the social media giant with…

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GM Temporarily Halts Paid Advertising on Twitter

October 29, 2022
advertisingBusiness & MarketsCompanieseconomic policiesGMMedia & Big TechpaidSocial MediaTechTwitterUSUS News
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General Motors Co. said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest U.S. automaker said it was “engaging with Twitter to understand the direction of the platform under their new ownership.” Twitter did not immediately respond to a request…

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Musk Says He Had No Role in Bringing Kanye West Back on Twitter

October 29, 2022
Business & MarketsCompaniesEntertainmentEntertainment NewsKanye WestMedia & Big TechMuskSocial MediaTechTwitterUSUS News
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Twitter-owner Elon Musk said on Friday that he did not have a hand in reinstating rapper Kanye West’s account, which was suspended by the micro-blogging site earlier this month for posting anti-Semitic remarks. The billionaire said Twitter had restored the account of the rapper, now known as Ye, before the completion of the social media…

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Elon Musk Forms Council, Announces ‘No Major Content Decisions’

October 28, 2022
Elon MuskPoliticsSocial MediaTechTwitterUSUS News
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Elon Musk said Friday he’s forming a council to oversee Twitter’s content moderation decisions a day after he acquired the firm for $44 billion. The Tesla CEO said that Twitter would form the council with “widely diverse viewpoints.” He did not provide any names or a timeframe. “No major content decisions or account reinstatements will…

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