Rumour mill: Musk takeover spells mass job cuts for Twitter staff October 21, 2022 Elon Musk has told prospective investors that he plans to axe nearly 75 per cent of Twitter’s staff, as the billionaire continues to push forward with a takeover deal. According to reports from the Washington Post, although HR teams have reassured employees that mass layoffs were not coming any time soon, documents showed that plans [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]
The UK created the World Wide Web, now it can lead the race for an ‘internet for money’ October 18, 2022 The development of CBDCs represents an opportunity for the UK to re-establish itself as the financial centre of the world, says Paul Sisnett.
Kanye West snaps up free speech social media firm Parler in bid to ‘change the world’ October 17, 2022 Kanye West is set to buy right-wing social media app Parler, with the vision to “change the world” with a new free speech vision. Parler was banned by both Google and Apple in 2021 after it was used during the Capitol riots in Washington DC. It was accused of the proliferation of posts on violent political [...]
Crash landing in sea: British space firm’s Iceland rocket launch ends in failure October 13, 2022 A British space company’s attempted rocket launch off the coast of Iceland ended in failure, with the projectile travelling just 500 metres before crashing into the sea. Rival to Elon Musk’s SpaceX firm, Skyrora held an unannounced launch of its Suborbital Skylark L rocket today, ahead of a full UK launch from next year. The [...]
A Musk move: Twitter weighs up dropping permanent bans October 12, 2022 Twitter is reportedly weighing up policy changes that could mean permanent bans on disruptive users are scrapped. The social media firm has been assessing content moderation tools for a while now, and sources told the Financial Times that this may entail axing its harshest penalty, which was famously applied to former US President Donald Trump. [...]
Letters: We need to talk about Elon October 11, 2022 [Re: Musk’s Twitter u-turn is the beginning rather than the end, October 5] So, after 6 months of throwing his toys out the pram, publicly criticising Twitter, and accusing the company of deliberately misleading their shareholders, Elon Musk has… bought Twitter. He appears unphased by public humiliation, and claims the acquisition will be an “accelerant” [...]
Explainer-in-brief: The back story of the bizarre Elon Musk Twitter deal October 6, 2022 Yes, no, yes. Elon Musk has been uniquely indecisive about his buyout of Twitter. He seems to have finally capitulated and confirmed the deal just weeks before he was expected in court over his u-turns. The legal drama started when Musk announced he was going to buy the social media platform in a $44bn deal. [...]
Musk’s Twitter u-turn is the beginning rather than the end October 5, 2022 When news broke that Elon Musk would be moving ahead with his original $44bn takeover of Twitter, it felt like the beginning of a saga rather than the end of it. While the Tesla chief told his 107m followers that the purchase would be an “accelerant” towards his vision of an “everything app”, Musk’s lawyers [...]
Twitter shares halted as Musk ready to buy for original price October 4, 2022 Twitter shares have been suspended following a report that Elon Musk is proposing to buy Twitter for the original offer price of $54.20 a share.