Tag: twitter

  • Elon Musk plans to fire Twitter employees to save money

    Elon Musk plans to fire Twitter employees to save money

    Tesla and SpaceX CEO Elon Musk is putting his plans into action after acquiring Twitter for $44 billion. In an attempt to obtain money for the takeover, he told banks that he wanted to cut the salaries of board members and executives and also pitched ideas for monetizing tweets.

    Musk presented the pitch to the financiers just days after making his bid on Twitter on April 14. He previously stated that if the offer was accepted, board members’ wages will be cut to zero, saving Twitter $3 million per year. It seems clear that Musk plans to lay off people to save money.

    The tech mogul also remarked that Twitter has a considerably smaller gross margin than similar sites like Facebook and Pinterest. He claimed that this freed up a lot of room for the corporation to run more cost-effectively.

    Musk detailed his ambitions to create features that will help his company generate more money from tweets that contain essential information or become viral.

    Read more: Instagram is testing ‘pin’ feature for posts

    In the near future, a fee could be charged if a third-party website quotes or incorporates a tweet from verified individuals or organisations.

  • Instagram is testing ‘pin’ feature for posts

    Instagram is testing ‘pin’ feature for posts

    Instagram is currently testing a new feature that allows users to pin photos to the top of their photo grid. According to tipsters, developers and insiders with access to the feature can already pin posts from the side menu.

    Instagram appears to have been working on the pin option for at least a few months. The upcoming feature will be a welcome addition to the Meta-owned platform, especially for those who want to highlight a photo or video they fancy, which may be buried way down in the grid.

    Instagram users currently have the option to pin stories to their accounts, but the addition of a pin feature would further enhance the user experience.

    The pinned posts test comes around a week after Instagram said that, as part of a modest test, it would remove the ‘Recent’ button from hashtag pages for some users. When you click on a hashtag, you’ll be led to a page where you can sort through the content that’s been shared with that hashtag into three categories: top, recent, and reels.

    Read more: Twitter officially declares adding an edit button

    Some users will only see the ‘Top’ and ‘Reels’ tabs on hashtag pages as a result of this change. The adjustment might be viewed as a method for Instagram to promote Reels, its TikTok competitor, while simultaneously focusing on uncovering the most popular postings on the platform.

  • Elon Musk buys Twitter, Donald Trump has no plans to join the platform again

    Former United States (US) President, Donald Trump has announced that he has no intention to rejoin Twitter following the agreement with Elon Musk to buy the social media platform.

    While talking to Fox News on Monday, Trump revealed that he is satisfied with his own platform, Truth Social which was launched earlier this year.

    He said, “I am not going on Twitter. I am going to stay on Truth,” Trump was quoted telling the network. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth.”

    Trump’s account was suspended after he incited violence on January 6, 2021, US Capitol attack through the social media platform. He had about 89 million followers on Twitter at that time.

    Trump has sued Twitter, Facebook, and Google’s YouTube against censoring his posts while posts by conservative commentators are widely shared on social media.

    In an interview, he said that he welcomed Elon Musk’s decision to buy Twitter, but he want to focus on his own platform. He did not see Twitter as his competitor.

    He said, “Truth Social will be a voice for me,” he said. “And that’s something nobody else can get.”

    Elon Musk is the world’s richest person and advocates free speech on all platforms. He had said before that he wanted to purchase Twitter and privatize it to allow free speech on the platform. He proposed some changes to the platform, including relaxing restrictions on content. Yesterday, he closed the purchase agreement for $44billion with the company.

  • Elon Musk may takeover Twitter for $46.5 billion within this week

    Elon Musk may takeover Twitter for $46.5 billion within this week

    Twitter is in final talks to sell itself to Elon Musk, and a deal may be finalised within this week, according to insiders familiar with the situation, a startling turn of events just 11 days after the billionaire unveiled his $43 billion bid for the social-media business.

    According to the sources, the two parties negotiated through the night to reach an agreement worth $54.20 per share. There’s still no promise they will get to that.

    Twitter was anticipated to reject Mr. Musk’s bid, which he made on April 14 without specifying how he would pay for it, and to implement a “poison pill” to prevent him from raising his stake. However, after Tesla’s CEO Elon Musk revealed that he has $46.5 billion in financing and the share market plummeted, Twitter reversed its stance and opened the door to discussions.

    Read more: Twitter officially declares adding an edit button

    According to insiders, the recent move would bring the world’s richest man together with the popular social networking platform. The final agreement might be revealed within few days. As of April 25, Twitter shares were up more than 5 per cent in early trade.

  • Did Maryam Nawaz attend Imran Khan’s Twitter Space last night?

    Former Prime Minister (PM) Imran Khan’s Twitter Space session on night between Wednesday and Thursday broke records with 165K people listening to it at one point. Right after the session, a screenshot started making rounds on social media claiming that Pakistan Muslim League- Nawaz (PML-N) Vice-President Maryam Nawaz also attended the session.

    The screenshot was also shared by former Deputy National Assembly (NA) Qasim Suri.

    The news left some social media users surprised while majority questioned the authenticity of the screenshot.

    Earlier today, Fact-Check Pakistan declared the screenshot as fake. They shared the update on Twitter, saying: “Following former PM Imran Khan’s Twitter space some accounts of PTI supporters circulated a screenshot showing PML-N’s Maryam Nawaz as one of the listeners – this screenshot is doctored/fake – Ms Nawaz did not attend, a source in her staff confirmed to ⁦@PakistanCheck”.

    Before this, Maryam’s Political Secretary Zeeshan Malik, in a tweet, clarified that the screenshot was “fake”.

  • Social media influencers share first glimpse of Twitter’s edit button

    Social media influencers share first glimpse of Twitter’s edit button

    Social Media influencers have shared the first glimpses of the social microblogging site, Twitter’s edit button which is under testing progress. Earlier this month, Twitter announced that they are working on the edit button’s feature.

    Social media influencer, Alessandro Paluzzi shared a screenshot of Twitter’s edit button which is in progress.

    Another social media influencer, Matt Navara shared a video of the edit button feature.

    Twitter announced on April 1 that they are working on the edit button but many users thought that its a prank. However, on April 6, Twitter confirmed that they are currently testing a new feature of the edit button for Twitter.

    https://twitter.com/TwitterComms/status/1511456430024364037?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1511456430024364037%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.samaaenglish.tv%2Fnews%2F2022%2F04%2Ffirst-glimpses-of-twitters-edit-button%2F

    Twitter’s Vice President of a consumer product, Jay Sullivan said that editing has been “the most requested Twitter feature for many years”

  • No-confidence vote: Qasim Suri resigns as NA deputy speaker

    No-confidence vote: Qasim Suri resigns as NA deputy speaker

    Qasim Suri resigned as deputy speaker of the National Assembly on Saturday, less than an hour before a session of the house where voting on a no-trust motion against him was to take place.

    Sharing a copy of his resignation on Twitter, Suri said his move signified his association with the vision of his party, the Pakistan Tehreek-i-Insaf (PTI), and democracy.

    “We will never compromise on Pakistan’s sovereignty and integrity. We will fight for the country’s interests and independence. We will go to any length to protect Pakistan,” he tweeted.

    Suri, who had also been functioning as the acting speaker following the resignation of Asad Qaiser, faced severe criticism in recent days over a contentious April 3 ruling to dismiss a no-confidence motion against former prime minister Imran Khan and his decision to defer the session scheduled for the NA speaker’s election from April 16 to April 22.

  • Elon Musk offers $43 billion to acquire Twitter

    Elon Musk offers $43 billion to acquire Twitter

    Elon Musk has submitted a takeover bid for Twitter, offering $54.20 per share, days after becoming the group’s largest shareholder. This is an offer worth more than $43 billion.

    According to a Securities and Exchange Commission (SEC) filing, Mr. Musk described this as a “best and last offer,” reflecting a 54 per cent premium over the day before he commenced investing in the business in late January 2022.

    Musk stated in the filing that “I don’t have faith in the management” and that he could not make the adjustments he desired in the public market.

    As per a letter written to CEO Salesforce and chairman of Twitter, Bret Taylor, Musk stated that if the proposal is not accepted, he will reassess his status as a shareholder as Twitter has a lot of potential which needs to be unlocked.

    The billionaire CEO of Tesla and SpaceX and the world’s richest man, purchased a 9.2 per cent share in Twitter on April 4, according to a regulatory filing. The tech mogul was invited to join Twitter’s board of directors the next day, but he denied the offer by the end of the week.

    Musk wrote to Mr. Taylor on April 13: “I invested in Twitter because I believe it has the potential to be the global platform for free speech, and I believe free speech is a societal requirement for a healthy democracy”.

    Read more: Elon Musk is no longer joining Twitter board as the microblogging network is “dying”

    “However, after making my investment, I’ve come to recognize that the company, in its current form, can neither thrive nor serve this societal need,” he wrote. “Twitter should be turned into a private firm”.

    Considering the tweeted document, Musk’s financial adviser for the proposal is Morgan Stanley.

  • Elon Musk is no longer joining Twitter board as the microblogging network is “dying”

    Elon Musk is no longer joining Twitter board as the microblogging network is “dying”

    The CEO of Tesla and SpaceX, Elon Musk will not be joining the Twitter board of directors, according to Twitter’s CEO Parag Agrawal. Musk’s appointment on the board was supposed to start on April 9, however, he announced that he would no longer be joining.

    Agrawal posted a statement on April 10, saying Musk’s appointment to the board would be subject to a background investigation and that once nominated, he would have to operate in the company’s best interests. “Elon is our biggest shareholder and we will remain open to his input,” he added.

    What Happened Earlier?

    Earlier, the tech mogul tweeted the list of the top ten most followed personalities, which included celebrities and politicians such as former US President Barack Obama, Rihanna, Taylor Swift, Justin Bieber, and Lady Gaga.

    The world’s wealthiest man had a complaint: many of the top Twitter accounts do not upload anything.

    Former US President Barack Obama (131.4 million followers), singer Justin Bieber (114.3 million), Katy Perry (108.8 million), and other top accounts belonging to popular artists Rihanna and Taylor Swift were among the names on the list from the Twitter account of World of Statistics, which Musk posted.

    Interestingly, Indian Prime Minister Narendra Modi is ranked ninth on the list, with a popularity of 77.1 million followers, one notch below Musk, who has 81 million followers on the social network.

    Whereas Modi is an avid Twitter user who publishes everything from his daily schedule to welcoming foreign leaders, Musk laments that celebrities like Taylor Swift and Justin Bieber rarely post. Taylor hasn’t posted anything in three months, and the ‘yummy’ singer Justin Bieber only tweeted once in 2022.

    Musk, who just purchased a 9.2 per cent interest in Twitter for roughly $3 billion in his controversial style, asked his followers another question: Is Twitter dying? 

    In an ‘April fool’ message, Twitter said that it is testing some new features, one of which is a long-awaited ‘edit’ button. The platform later explained that the change to the edit button was not an April Fool’s prank and that it was truly being tested by the company.

    It is worth noting that Musk also proposed a number of improvements to Twitter’s Blue premium subscription service, including lowering the price, limiting adverts, and allowing users to pay in the crypto. Many internet users were surprised by the recent announcement, as they had been expecting Tesla’s CEO to join the board of microblogging site and witness what changes he would make.

  • ‘Return to April 3’: Twitter hails Supreme court’s verdict

    ‘Return to April 3’: Twitter hails Supreme court’s verdict

    The Supreme Court of Pakistan (SCP) has declared the National Assembly (NA) Deputy Speaker Qasim Suri’s ruling on the dismissal of a no-confidence motion against Prime Minister (PM) Imran Khan as unconstitutional and illegal.

    The session chaired by the Chief Justice of Pakistan (CJP) Umar Ata Bandial and the five-member bench has unanimously ruled that President Dr Arif Alvi’s decision to dissolve the National Assembly is “illegal” and restored Imran Khan as Prime Minister as well as his cabinet ministers. They will now face the no-confidence motion on Saturday, April 9th 2022.

    This is how Pakistani social media reacted to the decision: