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Nov
12
2022
By The African Mirror
Musk warns of Twitter bankruptcy as more senior executives quit

Musk warns of Twitter bankruptcy as more senior executives quit

WORLD
KATIE PAUL and PARESH DAVE TWITTER Inc's new owner Elon Musk raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion - a deal that credit experts say has left Twitter's finances in a precarious position. Earlier in the day, in his first company-wide email, Musk warned that Twitter…
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Nov
05
2022
By The African Mirror
Twitter temporarily closes offices as layoffs begin

Twitter temporarily closes offices as layoffs begin

WORLD
SHEILA DANG, KATIE PAUL and MARTIN COULTER TWITTER Inc temporarily closed its offices and cut workers' access to internal systems after telling employees they would be informed by email about whether they were being laid off. The move follows a week of chaos and uncertainty about the company's future under new owner Elon Musk. The social media company said in an email to staff it would tell them by 9 a.m. Pacific time on Friday (12 p.m. EDT/1600 GMT) about staff cuts. "In an effort to place Twitter on a healthy path, we will go through the difficult process of…
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Apr
15
2022
By The African Mirror
Musk makes $43 billion offer for Twitter to build ‘arena for free speech’

Musk makes $43 billion offer for Twitter to build ‘arena for free speech’

WORLD
UDAY SAMPATH KUMAR and CHAVI MEHTA BILLIONAIRE entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion cash takeover offer, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. "I think it's very important for there to be an inclusive arena for free speech," Musk said at a TED Talk in Vancouver when asked about why he made the bid. Musk, already the San Francisco-based company's second-largest shareholder, made the bid in a letter to Twitter's board on Wednesday. The offer was made public…
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