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News on Medial
US regulator probes Twitter security lapse before Elon Musk took over: report
Economic Times
·
1y ago
Medial
The US Securities and Exchange Commission (SEC) is reportedly investigating how Twitter handled a security lapse in 2018 that exposed personal user information prior to Elon Musk's acquisition of the social media platform. The inquiry is focused on whether former top executives, including Jack Dorsey, adequately disclosed the privacy issues or implemented sufficient controls. The breach allowed outsiders to access user email addresses during password resets, compromising user identities. Neither Twitter nor the SEC have commented on the matter.
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US says Elon Musk should not be immune to testifying about the former Twitter
Economic Times
·
1y ago
Medial
The U.S. government has rejected former Twitter owner Elon Musk's request to end oversight of the company's data privacy and security practices. The government argues that Musk should testify about the company's conduct since he has "first-hand knowledge" of the issues being investigated. The Federal Trade Commission (FTC) has been monitoring Twitter since a 2011 consent order, and its concerns escalated after Musk took over.
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Parag Agrawal was not 'fire-breathing dragon' that X required: Elon Musk
Livemint
·
1y ago
Medial
With over a year later, after Elon Musk took over the social media platform X(formerly Twitter), Walter Isaacson who wrote the biography "ELon Musk" and will be published on 12 September has given a detailed account on why Elon Musk sacked Parag Agrawal, the then Twitter CEO.In an excerpt carried out by The Wall Street Journal , Musk who had a meeting with Parag Agrawal said he was a "really nice guy." "What Twitter needs is a fire-breathing dragon," Elon Musk said after that meeting, as per biographer Isaacson. "And Parag is not that." Elon Musk met Parag Agrawalover a dinner in March 2022, according to the biographer.
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Elon Musk's mom says President Biden wants to stop her son from making the world a better place
Business Insider
·
1y ago
Medial
Elon Musk's mother, Maye Musk, has expressed anger towards President Joe Biden, stating that she is furious that he wants to hinder her son from making positive changes in the world. This comes in response to comments made by FCC Commissioner Brendan Carr, who mentioned that several US government agencies have taken action against Musk. Maye Musk took to Twitter, questioning the motives behind Biden's actions and expressing the pride other countries have for Elon.
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The SEC is sick of Elon Musk’s attempts to delay its Twitter investigation
The Verge
·
1y ago
Medial
The US Securities and Exchange Commission (SEC) has accused Elon Musk of attempting to delay their investigation into his acquisition of Twitter, claiming he has "misrepresented" the scope of the investigation. The SEC has been investigating Musk since 2022 over his failure to disclose a substantial stake in Twitter before initiating his acquisition. Musk has fought against testifying to the SEC and accused them of "harassment". A federal judge previously ordered him to cooperate in the investigation, but the testimony has yet to take place. The SEC now alleges that Musk is using delay tactics to hinder the investigation.
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Elon Musk starts system scaling tests on X ahead of interview with Trump
Livemint
·
12m ago
Medial
Elon Musk, owner of social media platform X, has announced that he will conduct system scaling tests ahead of his live-streamed interview with former US President Donald Trump. These tests are used to evaluate and improve platform performance during high-demand periods. This could suggest that Musk anticipates a surge in traffic during the interview and wants to ensure a smooth user experience. Trump's Twitter account was suspended in 2021, and he was later reinstated on X after Musk took over the company. However, Trump's activity on the platform has been limited.
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Elon Musk's X will allow advertisers to run ads next to select creator's profile
Livemint
·
1y ago
Medial
Elon Musk's social media platform X (formerly Twitter) is introducing a Creator Targeting feature that allows advertisers to place ads alongside curated content from specific content creators. Advertisers can choose to display their ads before videos of selected creators on the platform. This move aims to provide advertisers more control and prevent ads from appearing next to controversial posts. The feature comes following a decline in X's ad revenue since Musk took over the platform in 2022.
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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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Former Twitter CEO Parag Agrawal, 3 other employees are suing Elon Musk
Livemint
·
1y ago
Medial
Former Twitter CEO Parag Agarwal and three other ex-executives have sued current CEO Elon Musk for $128 million in unpaid severance payments. The lawsuit claims that Musk has shown "special ire" towards them by refusing to pay their severance after he took over Twitter in 2022. Agarwal's lawyers also accused Musk of not paying bills and disregarding rules. Agarwal was entitled to a $60 million payment in the event of involuntary termination, while the other executives were also eligible for substantial sums. Previously, Agarwal and other former employees won a ruling that ordered Twitter to pay $1.1 million in legal fees.
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Ex-Twitter workers snapped up enormous hashtag signs and company art auctioned off by Elon Musk to decorate their homes
Business Insider
·
1y ago
Medial
Elon Musk sold off Twitter office memorabilia and former employees bought pieces like hashtag signs and art commemorating viral tweets. One ex-Twitter worker paid $500 for a six-foot-tall light-up hashtag statue, while another undisclosed buyer purchased a Twitter logo statue for $100,000. This auction took place months after Musk's takeover of Twitter and his mass layoff of employees. Musk has since renamed Twitter to X and implemented a more intense work culture, resulting in a significant drop in the company's value.
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US judge signals Elon Musk's X may lose case against hate speech watchdog
Economic Times
·
1y ago
Medial
A U.S. judge is considering dismissing X Corp's lawsuit against the nonprofit group, the Center for Countering Digital Hate (CCDH). X accused CCDH of causing significant financial damages by spreading false and misleading reports about hate speech on the social media platform once known as Twitter. The judge questioned whether CCDH could have foreseen Elon Musk buying Twitter and changing its policies, and suggested that X's lawsuit violated California's anti-SLAPP law. X also sued the European Climate Foundation, alleging data gathering conspiracies. Since Musk took over Twitter, the platform has been criticized for allowing harmful and abusive posts.
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