Tag: twitter

  • Twitter to roll out new ‘Official’ badge for prominent accounts

    Twitter to roll out new ‘Official’ badge for prominent accounts

    When it debuts its new $8 service with the blue verification badge, billionaire Elon Musk’s social media platform Twitter will introduce an ‘Official’ tag for select verified accounts, including prominent media outlets, celebrities and authorities, its early stage products executive Esther Crawford said on Tuesday.

    Twitter’s safety and integrity chief, Yoel Roth, stated that the business delayed the introduction of the new Twitter Blue subscription product until after the US midterm elections on Tuesday due to concerns about impersonating public people.

    According to those familiar with the situation, fake government accounts are a common issue on Twitter around the world. Crawford stated that the “Official” badge will not be for sale and will only be available to administrations, significant media outlets, businesses, company associates, and other prominent personalities.

    A Reuters story states that the social networking site Twitter will launch a new $8 premium subscription option. According to Esther Crawford, the company’s early-stage products executive, the major media organisations and governments will be among the Twitter accounts that are verified and so referred to as “Official” on Twitter.

    Those who subscribe to Twitter Blue, a new subscription service that won’t really verify user identities, will be able to get blue checks.

    Even though the official label won’t be offered for sale, select accounts will get it, and it won’t be accessible to all. Governments, private companies, trade associations, large news organisations, and some other public personalities will be allowed to have it.

  • Elon Musk fires more than 90% of Twitter India staff

    Elon Musk fires more than 90% of Twitter India staff

    Twitter Inc. terminated more than 90 per cent of its employees in India over the weekend, “severely depleting its engineering and product team in a prospective growth area.”

    The firing frenzy is part of global reductions by new owner Elon Musk.

    .According to persons familiar with the situation who spoke to Bloomberg on the condition of anonymity due to the sensitivity of the subject, Twitter’s India offices employed just over 200 people before the cuts, leaving it with only about a dozen employees. The offices are in Bengaluru, Mumbai, and New Delhi.

    Due to its sizable potential pool of new online users, India is a crucial growth engine for international internet companies like Twitter, Meta Platforms Inc., and Google, a division of Alphabet Inc.

    The businesses must comply with “increasingly strict regulations” intended to rein in giant digital enterprises in the country.

    According to one of the employees who spoke with Bloomberg, the product and engineering teams in India that worked on a worldwide mandate accounted for roughly 70 per cent of the jobs that were eliminated.

  • After Twitter, Meta reportedly planning ‘large-scale’ layoffs this week

    After Twitter, Meta reportedly planning ‘large-scale’ layoffs this week

    With plans to layoff thousands of employees this week, Facebook parent company Meta will join a growing list of digital companies that are reducing their workforces.

    As of September 30, Meta has over 87,000 people working for it across its various platforms, which include the social media sites Facebook and Instagram as well as the messaging service WhatsApp. According to WSJ, the social media business had reduced its ambitions to hire engineers by at least 30 per cent in June, and Mark Zuckerberg had advised staff to prepare for a slowdown in the economy.

    In his announcement of Meta’s dismal third-quarter results, CEO Mark Zuckerberg stated that the company’s headcount will not rise by the end of 2023 and might even decline significantly.

    “In 2023, we’re going to focus our investments on a small number of high-priority growth areas. So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size or even a slightly smaller organization than we are today,” Zuckerberg said on the last earnings call in late October.

    Profits for Meta dropped to $4.4 billion in the third quarter, a 52 percent year-over-year decline. The poor findings had a significant negative impact on Meta’s stock price, which dropped by 25 per cent in one day.

    Over the past year, the company’s market value has decreased to $600 billion.

    In a previous open letter to Mark Zuckerberg, Meta’s shareholder Altimeter Capital Management stated that the company needed to streamline by eliminating positions and capital expenditures. They also stated that investors had lost faith in Meta as a result of its increased spending and pivot to the metaverse.

    Owing to increased interest rates, rising inflation, and a European energy crisis, several technological businesses, including Microsoft Corp., Twitter Inc., and Snap Inc., have reduced workforce in recent months.

  • ‘There is no choice when the company is losing $4 million per day’: Musk justifies cutting half of Twitter’s workforce

    ‘There is no choice when the company is losing $4 million per day’: Musk justifies cutting half of Twitter’s workforce

    On Friday, Twitter laid off half of its 7,500-person workforce as the company’s troubled big restructuring under new owner Elon Musk got under way, only one week after his sensational takeover.

    According to an internal memo seen by AFP, “approximately 50 per cent” of the workforce was affected and would immediately lose access to business computers and email.

    Workers from all over the world who were let go used Twitter to express their anger or disbelief and bid farewell to one of Silicon Valley’s most recognisable enterprises.

    “Woke up to the news that my time working at Twitter has come to an end. I am heartbroken. I am in denial,” said Michele Austin, Twitter’s director of public policy for the US and Canada.

    Prior to the layoffs, Twitter restricted access to all of its locations and asked staff to remain at home while they awaited word on their futures with the firm.

    The cull is a part of Musk’s effort to obtain financing for the massive $44 billion acquisition, for which he sold $15.5 billion worth of Tesla shares and took on billions of dollars in debt.

    After his massive acquisition, Musk, the CEO of Tesla and SpaceX, has been frantically looking for new revenue streams for Twitter, including the notion of charging users $8 per month for verified accounts.

    The actions would help Twitter combat the possibility of losing advertisers, which are the company’s primary source of income, since many of the major businesses in the world postpone their ad purchases after learning of Musk’s well-known contempt for content controls.

    The volatile businessman lamented a “huge loss in revenue” on Twitter on Friday, attributing it to “activist groups” who were pressing advertisers.

    “We did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America,” he added.

    This seemed to be a reference to Musk’s previous meeting with civil rights organisations, where he heard worries that Twitter will unleash a wave of hate speech a week before the US midterm elections. Musk had promised that Twitter would not turn into a “free-for-all hellscape” in an effort to calm people down, but his assurance was swiftly contradicted by a tweet spreading a rumour that the husband of US House Speaker Nancy Pelosi had been attacked.

    “We are witnessing the real time destruction of one of the world’s most powerful communication systems. Elon Musk is an erratic billionaire who is dangerously unqualified to run this platform,” said Nicole Gill, Executive Director of Accountable Tech.

    She was a member of a group of 60 rights organisations that demanded on Friday that advertising on the Musk-owned platform be boycotted.

    “Elon Musk has demonstrated that it’s not possible for him to keep the brand safeguards that have existed on Twitter in place. There’s no more time for trust but verify, it’s time for escalation,” said Angelo Carusone, President and CEO of Media Matters for America.

    Although very popular with celebrities and opinion leaders, the California-based business has historically struggled to turn a profit and has lagged behind Facebook, Instagram, and TikTok in terms of user growth.

    Since Musk finalised his acquisition late last week and immediately set about dissolving its board and removing its chief executive and key managers, Twitter employees have been preparing for this kind of unpleasant news. Five Twitter employees who had previously been let go filed a class action lawsuit against the business late on Thursday, alleging that they had not received the legally mandated 60-day notice period.

    The US Worker Adjustment and Retraining Notification (WARN) Act, which grants employees the right to early notification in situations involving large layoffs or plant closures, is cited in the lawsuit.

  • $8 for Starbucks coffee is cool, but a Twitter badge is not? Netizens react to Musk’s meme

    $8 for Starbucks coffee is cool, but a Twitter badge is not? Netizens react to Musk’s meme

    Elon Musk’s intentions to charge an additional $8 per month for the Twitter Blue service have both amused and incensed online users. This may be the rationale behind Musk’s defense of his choice to charge verified users for their Twitter blue tick badge.

    Musk appears to have turned to memes in an effort to spread the word about his lofty goal of turning Twitter into a revenue-generating platform. The head of SpaceX, who is renowned for his blunt assessment of everything on Earth, has been jokingly outlining his new plan.

    https://twitter.com/Therealdavedfs1/status/1587894312838529024

    In one of his tweets, he posted a meme depicting individuals enjoying their $8 Starbucks coffee while grumbling about having to spend the same amount to maintain their Twitter verification badge.

    Users reacted strongly to the meme that compared the cost of coffee to that of a Twitter subscription. Some people praised the choice, while others criticised the millionaire.

    “They don’t see the vision Mr Musk. I’d pay $80 for a checkmark for even just 30 minutes. Everybody hating on Elon should instead be grateful for the service he is doing for us. He doesn’t get enough appreciation,” said a user. “Mocking of users will continue until profits improve,” chimed in another user.

    Another meme posted by the Tesla CEO depicts two characters discussing shelling out $8 for freedom of speech. Another responds to the question of why pay $8 for Twitter verification by stating that he can still use Twitter for free without the advantages.

    He claimed that Twitter is a fascinating site in another tweet. “Twitter is simply the most interesting place on the Internet. That’s why you’re reading this tweet right now,” read his tweet. In another tweet, Musk said it was good to be attacked by right and left at the same time. “Being attacked by both right & left simultaneously is a good sign,” he wrote.

    On November 1, Musk announced the $8 per month subscription plan for Twitter on his Twitter account. The new CEO continued by outlining several premium services to which users will have access.

    According to him, platform users will be able to publish long videos and audio files as well as receive priority treatment for replies and remarks. Additionally, there won’t be many adverts on subscribers’ feeds.

  • Best-selling author slams Musk’s plan to charge $20 for Twitter’s blue tick verification

    Best-selling author slams Musk’s plan to charge $20 for Twitter’s blue tick verification

    Elon Musk, who recently acquired control of the microblogging network in a $44 billion deal, responded to bestseller author Stephen King’s tweet expressing dissatisfaction over the anticipated cost for a verified badge.

    There have been rumours that Twitter would soon begin charging verified users a monthly charge for the blue ticks on their handles, Mr King said, “$20 a month to keep my blue check? F*** that, they should pay me. If that gets instituted, I’m gone like Enron.”

    The monthly charge is the subject of much rumour, with some reports stating it will be around $5 per month and others estimating it to be as high as $20. The author’s tweet on Enron relates to the significant US corporation’s spectacular collapse following years of explosive growth.

    Responding to Mr King’s tweet, Mr Musk said, “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8?”

    Many people believe it is not worthwhile to pay for a blue tick, while others contend that there is nothing wrong with charging individuals for the blue tick. The buzz surrounding the charge for a certified badge has ignited a heated debate.

    According to Musk, who oversaw the dramatic events that led to the dramatic developments of the Twitter takeover that also reached the court, the verification process for accounts is being updated. He made no further explanations.

    If the initiative is approved, users would have to pay $4.99 per month for Twitter Blue in order to keep their “verified” badges.

    Although the project may still be shelved because the CEO of Tesla Inc. has not made a final decision, Platformer predicts that verification will most likely be included in Twitter Blue.

    Musk dissolves Twitter’s board of directors

    In order to further solidify his authority over the social media network, Elon Musk earlier dissolved the Twitter’s board of directors.

    After purchasing the business last week, the multi-billionaire will serve as its CEO, putting an end to months of negotiations over the $44 billion acquisition.

    He has taken swift action to leave his stamp on the company, which is utilised by journalists and politicians all over the world.

    He is thinking about making adjustments to Twitter’s verification process and eliminating positions. According to reports, the first round of layoff is being discussed and may affect 25 per cent of the company’s workforce.

  • ‘Laga dein martial law’: Twitter questions ‘what’s wrong’ with Khan?

    ‘Laga dein martial law’: Twitter questions ‘what’s wrong’ with Khan?

    Twitter has reacted strongly to a statement by Imran Khan, the Chairman of the Pakistan Tehreek-e-Insaf (PTI), who said in an interview, “Let them impose martial law.” On the fourth day of his long march, his statement was addressed to the establishment in reply to a question asked by journalist Imran Riaz Khan.

    “Impose martial law. If they want to impose, It doesn’t affect me,” said Khan.

    Khan further added that the current political scenario in the country was worst than former President and Chief of Army Staff (COAS) General Pervez Musharraf’s martial law. Khan added that when PTI leaders Azam Swati and Shahbaz Gill were tortured they were told that, “Imran would face the same.”

    The former Prime Minister said that he would not be scared or intimidated, adding that those who want to destroy the country’s biggest political party are cowards.

    “Until there is rule of law and accountability for all, there is no future for Pakistan,” Khan said.

    After the interview clip went viral on social media, Twitterati had questions about how Khan spoke and how wrong his statement on martial law was.

  • ‘Imran Khan zindabad’: A retired Indian Army major publicly shows support to IK for criticising establishment

    ‘Imran Khan zindabad’: A retired Indian Army major publicly shows support to IK for criticising establishment

    A retired Indian Army Major, Gaurav Arya, has posted a tweet on his account, offering support to Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan for his anti-establishment narrative.

    Talking to Twitter, Major Gaurav, infamous for being very critical of Pakistan, applauded Khan for speaking against the country’s army, the prime minister, as well as the country’s intelligence agency.

    “He calls Pak Army Chief an animal, Pak PM a thief, people of Pakistan slaves (ghulam) and Election Commissioner a traitor. He publicly threatens to expose ISI”, he said. He also expressed his wish to donate to PTI with the hashtag of ImranKhanZindabad.

    A few days ago, the PTI chief directly addressed Inter-Services Intelligence (ISI) chief Lieutenant General Nadeem Ahmed Anjum.

    “DG ISI, listen carefully, the things I know…I am staying silent for my institutions and the country. I don’t want to damage my country,” Khan publicly said during the first day of his party’s ongoing long march.

    This is not a first time that someone from across border lauded Khan. Since the former Prime Minister’s outburst against the establishment, an Indian journalist has also said that Imran Khan Khan is her favourite.

    ABP News’ journalist Rubika Liyaquat said: “[Imran Khan] has become my dear most as he has his eyes set on exposing ISI’s secrets.”

  • Twitter is planning to start charging $20 per month for blue tick badge

    Twitter is planning to start charging $20 per month for blue tick badge

    Only a few days after taking over as Twitter’s CEO, Elon Musk is apparently working on some significant improvements. The Twitter Blue membership and even the verification procedure, which awards verified accounts with a “Blue tick,” are expected to undergo modifications.

    According to reports, the Twitter Blue membership will be connected to it, and Musk also has big price increases planned for the subscriptions.

    The new Twitter Blue membership will cost customers $19.99, according to a report by The Verge. Additionally, Twitter accounts that already have the blue tick will need to abide by this new system and pay for it.

    Verified users will have a total of 90 days to switch to Twitter Blue before they lose their checkmark. Employees of Twitter have also been told to resign or move quickly with this new membership plan. According to the article, a deadline of November 7 has been set for the staff.

    Twitter Blue, a paid monthly opt-in membership that grants exclusive access to premium services, was introduced last year. This, according to Twitter, will allow you to personalise your Twitter experience. In the US, Canada, Australia, and New Zealand, the subscription service is now available.

    It will be interesting to watch how Musk implements both a worldwide rollout and a complete overhaul of the payment system. Twitter Blue may be bought in-app on iOS and Android in the territories that are eligible.

  • ‘I am very happy that Twitter is now in sane hands’: Trump welcomes Musk’s takeover

    ‘I am very happy that Twitter is now in sane hands’: Trump welcomes Musk’s takeover

    The takeover was hailed, but former US president Donald Trump, who was permanently banned from Twitter after the riots on January 6, 2021, said little about making a comeback. “I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs who truly hate our country.”

    Trump was banned after the 2021 attack on the US Capitol, which the Republican leader is suspected of instigating. Musk has said he might lift the ban.

    Former Russian President and current Vice-Chairman of the Russian Security Council, Dmitry Medvedev, tweeted his congratulations, saying “Good luck @elonmusk in overcoming political bias and ideological dictatorship on Twitter. And quit that Starlink in Ukraine business.”

    Others urged Musk to undo restrictions imposed by the social network. In response to @catturd2, a random account with 852,000 followers, known for being a big supporter of Trump’s election fraud claims, and who said it was “shadowbanned,” Musk tweeted “I will be digging in more today.”

    Margarita Simonyan, the head editor of the Russian state-run media outlet RT, pleaded with Musk to “unban RT and Sputnik accounts and take the shadow ban off mine as well.”

    Musk and Twitter are under increasing pressure since he plans to address the Twitter workers on Friday after the purchase is finalised.

    “Hey @ElonMusk, now that you own Twitter, will you help fight back against Trudeau’s online censorship bill C-11?” tweeted Canada Proud, a group attempting to unseat Justin Trudeau as prime minister of Canada.

    According to Musk, Twitter may serve as the basis for a “super app” that does everything from ride-hailing to retail and money transfers.

    However, Twitter is having trouble retaining its most active users, who are crucial to the company. Less than 10 per cent of monthly active users are “heavy tweeters,” but they produce 90 per cent of all tweets and 50 per cent of global income.