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News on Medial
‘When they sold to FBI…’: Twitter founder quits Instagram, Elon Musk reacts
Livemint
·
1y ago
Medial
Twitter founder Jack Dorsey has deleted his Instagram account after being inactive for years and criticized the platform's app "Threads." He stated that he was one of the first users of Instagram and invested as an angel investor. Dorsey's departure from Instagram remains without a clear explanation, and he mentioned it took him a while to do so. He has shown a mixed relationship with Twitter, maintaining some stake while supporting rivals like Bluesky and Nostr.
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Elon Musk takes a jab at Mark Zuckerberg: Says Instagram 'pretty much' OnlyFans
Livemint
·
1y ago
Medial
Elon Musk responded in agreement to a post comparing Instagram to OnlyFans on X (formerly Twitter). Musk has had a long-standing disagreement with Mark Zuckerberg and his social media platforms. The conflict escalated when Zuckerberg introduced Threads, a site to compete with Twitter, which gained over 10 million sign-ups in its first seven hours. Musk's quick jabs against Zuckerberg and his companies are not surprising for those following their feud.
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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
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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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Elon Musk's cousin was once found 'basically sobbing' in Twitter HQ over fears he'd be fired, author says
Business Insider
·
1y ago
Medial
Elon Musk's cousin, James Musk, was allegedly found in tears at Twitter's headquarters, fearing that he would be fired, according to author Ben Mezrich's new book "Breaking Twitter". Mezrich reveals that a former Twitter executive stumbled upon James Musk in a soundproof phone booth, describing him as overwhelmed and terrified of his own cousin. James Musk was brought into Twitter after Elon Musk acquired the company, and he was known for assisting Elon Musk with various tasks. Representatives for James Musk and Elon Musk have not commented on the matter.
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X will allow blocked users to see your posts, Elon Musk reacts
Livemint
·
10m ago
Medial
Elon Musk-owned social media platform X (formerly Twitter) will now allow blocked users to see the posts from the person who blocked them, without the ability to engage. Previously, blocked users could not view any content or details of the person who blocked them. Musk has been critical of the block feature in the past, expressing the need for a stronger mute button instead. The change allows blocked users to see public posts but does not enable them to interact with them. The motive behind the adjustment is unclear.
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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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US judge orders Elon Musk to testify in SEC's Twitter probe
Economic Times
·
1y ago
Medial
A federal judge has ordered Elon Musk to testify in the U.S. Securities and Exchange Commission's investigation into his acquisition of Twitter. The judge's order came after Musk refused to attend an interview as part of the probe. The SEC is examining whether Musk followed the law when filing paperwork for the Twitter takeover and if his statements about the deal were misleading. If both parties cannot agree on a date and time for the interview, the judge will decide. This is the latest in the ongoing friction between Musk and the SEC.
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Elon Musk privately told bankers they won't lose money on the Twitter deal. But banks are already expected to lose at least $2 billion.
Business Insider
·
1y ago
Medial
Elon Musk has reassured bankers who supported his $13 billion loan for the Twitter buyout that they won't lose money on the deal. This comes as banks face the prospect of losing around $2 billion if they sell off the debt currently. Musk made various sources of loans, including from Bank of America, Barclays, BNP Paribas, Mizuho, Morgan Stanley, and Société Générale for the risky purchase of Twitter, which is still a negative cash-flow business. Advertisers leaving the platform due to controversial comments by Musk have added to the financial challenges.
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Elon Musk can seek review of order in SEC subpoena matter: US judge
Economic Times
·
1y ago
Medial
Tesla CEO Elon Musk has the option to request a US District Court to review a magistrate judge's order that he must testify in the Securities and Exchange Commission's investigation into his takeover of Twitter. Musk's lawyers intend to seek review of the order, which formalized a tentative ruling in favor of the SEC. The investigation revolves around whether Musk violated regulations when filing paperwork regarding his Twitter stock purchases and if his statements on the matter were misleading. Musk has previously accused the SEC of harassment and has resisted their attempts to interview him.
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Scientists call for open access to X's data for academic research
Economic Times
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5m ago
Medial
Researchers from Saarland University are urging for open access to social media platform X's data for academic purposes, as their work was hindered when Elon Musk restricted access following his acquisition. Their study, involving 6,550 Twitter accounts of politicians, aimed to analyze potential biases in political content dissemination. Despite finding no significant partisan differences in engagement, they noted changes post-acquisition, like increased likes and reduced retweets, and called for legislative measures to ensure ongoing data access.
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Former Twitter CEO sues Elon Musk
TechCrunch
·
1y ago
Medial
Elon Musk is facing a lawsuit from four former Twitter executives, including ex-CEO Parag Agrawal, who claim they are owed over $128 million in severance payments. The executives state that Musk has a vendetta against them due to their efforts to hold him accountable to a $44 billion commitment. Musk has previously ridiculed and targeted one of the executives, Vijaya Gadde, leading to racial online attacks against her. This lawsuit is not the first time Musk has faced legal action from former Twitter employees awaiting severance pay. The lawsuit alleges that Musk employs delay tactics to avoid paying what he owes.
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