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News on Medial
I'll make X the centre of people's financial lives: Elon Musk tells staff
Economic Times
·
1y ago
Medial
Elon Musk, CEO of Tesla and SpaceX, has stated in an internal email to staff that he aims to make "X" the center of people's financial lives. The email comes after the announcement of a partnership between Tesla and CME Group to offer futures contracts based on Musk's tweets. Musk's vision, however, remains unclear as he did not provide further details on what "X" signifies.
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User growth is stagnant, we’re barely breaking even: Elon Musk tells X employees
Economic Times
·
5m ago
Medial
Elon Musk, owner of the social media platform X (formerly Twitter), informed employees about financial challenges, including stagnant user growth and minimal revenue. Banks, including Morgan Stanley, are preparing to sell some of the $13 billion debt used for Musk's $44 billion acquisition of X. Musk’s changes, including extensive layoffs, have affected revenues and increased default risks. Banks anticipate recovering 90 to 95 cents per dollar from the debt sale, facing difficulties due to the platform's financial instability.
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Elon Musk’s X is especially vulnerable to an ad boycott
Livemint
·
1y ago
Medial
Elon Musk has responded boldly to firms pulling ads from X, the social network he owns. Concerns over unsavoury content on the platform have prompted advertisers like Apple and Disney to withdraw their ads. Since Musk fired a significant portion of X's staff, more problematic content has been surfacing. The social network, which heavily relies on ads for revenue, is now facing a significant decline in sales and download rates. To make up for the loss, X is exploring new ways to attract smaller advertisers and considering a premium subscription model.
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Olan Musk: Kunal Kamra to Ola CEO Bhavish Aggarwal amid feud
Inshorts
·
9m ago
Medial
Comedian Kunal Kamra posted "OLAN MUSK" on X, a jibe at Ola CEO Bhavish Aggarwal's comparison with Tesla CEO Elon Musk, amid Kamra and Bhavish's feud on X. While Kamra asked Bhavish if he can solve issues of every Ola complaint till date before November 10, 2024, Bhavish told Kamra, "Come and help us out in our service centre."
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Elon Musk tells Tesla staff future is ‘bright’; urges them to hold on to stock
Economic Times
·
3m ago
Medial
Tesla CEO Elon Musk reassured employees about the company's future during a meeting, despite falling stock and criticism over his political role. Musk emphasized Tesla's bright prospects and urged staff to hold onto their shares. The company faces backlash due to Musk's involvement with Trump's administration and agency shutdowns, leading to protests and falling sales. Musk defended Tesla models and teased affordable upcoming releases, while Trump's administration shows support amidst the challenges.
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Elon Musk tells X staff new products will challenge YouTube, LinkedIn
Economic Times
·
1y ago
Medial
During an all-company meeting, the executives of X (formerly known as Twitter) mentioned that they see YouTube and LinkedIn as future competitors. Elon Musk and CEO Linda Yaccarino also discussed their ambitions to create a news wire service called XWire. This meeting marked the first time both Musk and Yaccarino addressed the entire company together. Musk has been focused on overhauling the product and introducing premium subscriptions, while Yaccarino has been building relationships with advertisers. The executives also mentioned X's payments ambitions and their plans for creating competitors to YouTube, LinkedIn, and PR Newswire.
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Data will show efforts to fight hate: X CEO Linda Yaccarino tells staff as advertisers flee
Economic Times
·
1y ago
Medial
CEO of social media company X, Linda Yaccarino, assured employees that data will reveal the truth about their efforts to combat antisemitism amidst backlash from several major advertisers. X, previously known as Twitter, faced criticism after owner Elon Musk agreed with a post wrongly accusing Jewish people of inciting hatred. Major brands' ads were found next to pro-Nazi posts, revealed by media watchdog group Media Matters. Musk announced plans to file a lawsuit against Media Matters, who confirmed the accuracy of their reporting. The incident highlights the growing problem of antisemitism globally.
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US judge allows dismissed Twitter execs, including ex-CEO Parag Agrawal, to sue Elon Musk for severance
Livemint
·
8m ago
Medial
California district court judge has allowed former Twitter executives, including ex-CEO Parag Agrawal, to pursue lawsuits against Elon Musk for severance pay. The executives claim that Musk terminated their roles with Twitter during his acquisition in order to cheat them of their severance benefits. Musk and his company X are facing multiple legal claims over severance pay disputes after acquiring Twitter and subsequently firing numerous staff members.
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Turbulence, controversies dog Elon Musk's first year as X owner
Economic Times
·
1y ago
Medial
Elon Musk's acquisition of Twitter, now X, for $44 billion a year ago has been marked by controversies. Musk laid off over 80% of Twitter staff, including the Indian-origin CEO Parag Agrawal, and dissolved the trust and safety council. Twitter saw a surge in anti-semitic tweets since Musk took charge, and the European Commission has initiated an investigation into X over the spread of illegal content and disinformation. Verified users with Blue badges were found responsible for spreading most misinformation about the Israel-Hamas conflict on X. X has also dropped in global rankings, losing over half a billion user visits.
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Bhavish Aggarwal's AI bot Krutrim criticises his reply to Kunal Kamra amid feud
News 18
·
9m ago
Medial
Bhavish Aggarwal's AI chatbot Krutrim criticised his reply to comedian Kunal Kamra's criticism of Ola Electric over its customer service. "Got hurt? Felt pain? Come to service centre, there's lots of work. I'll pay better than your flop shows," Bhavish had said. An X user shared Krutrim's advice which said, "The given response doesn't appear professional...It comes across as confrontational."
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True: Musk as X user says he got into US politics to colonise Mars
Inshorts
·
8m ago
Medial
World's richest man Elon Musk reacted after an X user said that one of the main reasons the billionaire became more active in US politics is because of his goal to reach Mars & make life possible there. Musk, who's supporting Donald Trump, replied, "True." He added, "I think...Trump winning makes a big difference in humanity getting to Mars."
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