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Read previewA former top lieutenant at Elon Musk's Twitter says she's working for Mark Zuckerberg at Meta now. AdvertisementBesides lauding "the exceptional quality of the people" working at Meta, Crawford said she was attracted by Zuckerberg's "vision and intensity." Crawford's latest career move could be an indicator of big moves Zuckerberg may be making in his bid to vanquish Musk's X. "I do plan to keep using both X and Threads," she said in an email to BI on Monday. Representatives for Meta and X didn't immediately respond to requests for comment from BI sent outside regular business hours.
Persons: , Mark Zuckerberg, I've, Esther Crawford, Crawford, he's, Zuckerberg, Elon Musk's, Elon, Musk's, hasn't, X didn't Organizations: Service, Elon, Twitter, Meta, Business, BI
Advertisement"Yes, Elon Musk created a special system for showing you all his tweets first," the Platformer headline read. "After his super bowl tweet did worse numbers than President Biden's, Twitter's CEO ordered major changes to the algorithm." In December 2022, a former Twitter employee had been sentenced to three years in prison for spying on behalf of Saudi Arabia. AdvertisementBy the end of the week, did anyone even remember there had been a Super Bowl? From EXTREMELY HARDCORE: Inside Elon Musk's Twitter, by Zoe Schiffer, published by Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC.
Persons: , Elon Musk, Rupert Murdoch, Elisabeth Murdoch, Musk, Biden, I'm, Jill Biden's, Jill Biden, Joe Biden, I'd, Elon, Zoe, Yang, Casey Newton, Biden's, Newton, who'd, Barack Obama, Twitter, Zoe Schiffer Organizations: Service, Farm, Super, News Corp, Kansas City Chiefs, Philadelphia Eagles, Business, Eagles, Twitter, Elon Musk, Google, Washington Post, Engineers, UPS, Elon, Penguin Publishing, Penguin Random Locations: Glendale , Arizona, Arizona, Oakland, Santa Barbara, Saudi Arabia
The Israel-Hamas war shows how social media platforms no longer want to deal with the news. AdvertisementAdvertisementNot too long ago, social media was the future of news. To accompany this flow of verified information, Facebook, Twitter and other social media companies built large content moderation teams and partnerships. Reading these, it's easy to see how social media can divide people during difficult times. The social media account posed as a BBC journalist to share this misinformation for engagement.
Persons: , Jack Dorsey, Mark Zuckerberg, Elon Musk's, Adam Mosseri, Karan Singhal, Singhal, there's, Cristiano Ronaldo, Marcus Hutchins, Mosseri, we're, Andy Stone, Zuckerberg, Alex Stamos, TikTok Organizations: Service, Facebook, Twitter, Elon Musk's Twitter, CNBC, BBC, Palestinian, Meta Locations: Israel, Moroccan, Israeli, Syria, Meta, France, Germany, Canada
Elon Musk asked SBF if he wanted to help his $44 billion Twitter takeover, per Michael Lewis' biography. Bankman-Fried owned around $100 million of Twitter stock before Musk took the company private. AdvertisementAdvertisementSam Bankman-Fried didn't know whether he still owned shares in Twitter as Elon Musk took over the platform last year, according to Michael Lewis' biography of the FTX founder. According to Lewis, Bankman-Fried suggested investing between $250 million and $1 billion in Twitter. Singh and Arora said that FTX shouldn't invest in Musk's Twitter, or only go with a small stake.
Persons: Elon Musk, Michael Lewis, Musk, , Sam Bankman, Fried, Nishad Singh, Ramnik Arora, Lewis, Singh, who's, Arora, Morgan Stanley —, Semafor, SBF, FTX Organizations: Twitter, Service, Elon, Fried's
X is facing more than 2,200 arbitration cases involving ex-employees, a new court filing said. Since Elon Musk's Twitter takeover, the company also has been hit with lawsuits from former staff. X could be on the hook for at least $3.5 million in fees for the arbitration cases, CNBC reported. AdvertisementAdvertisementElon Musk's social media company formerly known as Twitter has been hit with more than 2,200 arbitration cases from former employees, according to a recent court filing. X, formerly known as Twitter, was hit with lawsuits from former employees after Musk cut the company's workforce in half.
Persons: Elon, It's, Elon Musk, Twitter, Shannon Liss, Riordan, Chris Woodfield, X, Tesla Organizations: Twitter, CNBC, Morning, X Locations: , Delaware
Chris Christie knocked Tucker Carlson when asked if he would appear on his new show. Christie said he prefers programs "that have real ratings and real listeners." Chris Christie said on Thursday that he's unlikely to appear on Tucker Carlson's new Twitter show anytime soon. "And so I go to places that have real ratings and real listeners like yours here. Hewitt said Levin is a respected voice among the conservative voters Christie would need to win the GOP presidential nomination.
Persons: Chris Christie, Tucker Carlson, Christie, Carlson, Tucker, I'm, Hugh Hewitt, Hewitt, Mark Levin's, Hugh, you'd, Mark Levin, Levin, there's, I've, Jimmy Fallon, David Letterman Organizations: Elon, Twitter, Service, Former New Jersey Gov, Fox News, Save, Obama White, New, MSNBC, CNN, Republican Locations: Wall, Silicon, New Jersey, America
Despite Threads' struggle to keep users engaged, it seems to be faring better than Twitter for the brands. One Reuters post received 6.5-times more likes on Threads despite having over 99% less followers. The majority of brands are getting more engagement on Threads than X — the platform formerly known as Twitter — despite having less followers, according to an analysis from Website Planet. And all but four of the accounts, equivalent to 87%, saw more users interact with the Threads post despite having fewer followers on Meta's platform. It only had about 25% fewer likes on Threads while having 2% of the number of followers, according to Website Planet.
Persons: Mark Zuckerberg, Red Bull, McDonald's, Meta Organizations: Twitter, Reuters, Elon
It's Elon Musk's latest change to Twitter's famous lexicon as part of the platform's rebrand to X. Elon Musk's X, formerly known as Twitter, seems to be in the process of renaming its TweetDeck feature "XPro." It's the latest change in Musk's ongoing transition of Twitter to X that has upended the social media platform's hallmarks, such as its lexicon and logo. TweetDeck is still undergoing changes, but its new name, XPro, is starting to appear on the webpage. "If successful, X will enter the vernacular in ways that we don't yet know," Musk wrote on X Wednesday regarding the rebrand.
Persons: It's Elon, Elon Musk's, Musk, We'll, Organizations: Twitter, San Locations: San Francisco
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk has vision to make Twitter into 'an everything app' with X rebrand, says Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss Elon Musk's Twitter rebrand, whether it's the right gamble financially, the state of Meta's Threads app, and more.
Persons: Elon, Rich Greenfield Rich Greenfield Organizations: Twitter, LightShed Partners, Elon
Elon Musk's Twitter rebrand suggests that he's "totally out of his element," says Harvard leadership expert Bill George. Musk announced his decision to abandon the 16-year-old Twitter brand Sunday, opting for the new name and logo, X. George, who's studied effective leadership and leadership failures over the past two decades, says Musk's modifications to the platform are a "big mistake." In contrast, running a social media company may require a high level of interpersonal skills, which Musk's own brother says he lacks. "Now, that he has the [new] CEO of Twitter, he needs to let her restore what Twitter was, so [users and] advertisers come back," George says.
Persons: Elon, Bill George, George, Musk, Parag Agrawal, who's, , Bloomberg —, Tesla, Berkshire Hathaway, Warren Buffett, George agrees, Linda Yaccarino Organizations: Twitter, Harvard, Harvard Business School, CNBC, Bloomberg, SpaceX, NASA, U.S ., Berkshire Locations: Elon Musk's
When Elon Musk unveiled the X rebranding of Twitter earlier this week, howls of complaint echoed across the social-media platform. CivicScience conducted an online survey after the X announcement and got more than 5,000 responses, including over 1,000 responses from Twitter users. Results from a recent CivicScience survey CivicScienceThere's even some positive news regarding Threads, Meta's recently launched Twitter rival. There are roughly 250 million daily average users of Twitter, and CivicScience's poll got results from a few thousand people. 40% of daily Twitter users and a 51% of weekly users are not currently interested in using X with its expected new features, "so the move is likely to be disruptive," CivicScience reported.
Persons: Elon Musk, CivicScience, Meta's, Musk Organizations: Twitter, CivicScience, Morning
But the company delivered on those lofty expectations with a quarter that was the best among the group so far. Taken together, the company has been able to significantly accelerate revenue growth. Coupled with rebounding operating margins, the stock is now more deserving of a so-called growth stock multiple instead of the "value" label investors had attached to the firm last year. But for now, Zuckerberg has a pass because, to his credit, Meta's cost structure has been reduced significantly this year. After buying back $9.22 billion worth of stock in the first quarter, Meta only repurchased $793 million in the second quarter.
Persons: Meta, Mark Zuckerberg's, Zuckerberg, Susan Li, It's, Elon, Jim Cramer's, Jim Cramer, Jim, Stefani Reynolds Organizations: Revenue, Meta, Facebook, Microsoft, Labs, Reality Labs, Twitter, repurchases, CNBC, AFP, Getty Locations: U.S, Canada, Washington ,
Elon Musk's Twitter rebrand could land him in legal hot water with Meta CEO Mark Zuckerberg and others, experts say. On Sunday, Musk announced that he was getting rid of the Twitter brand and logo. Meta's trademark for a white-and-blue X relates to "social networking services in the fields of entertainment, gaming and application development." The announcement comes just weeks after the launch of Threads, a Meta-owned app seen by some as a "Twitter clone." X may be "powered by AI" in the future, as Yaccarino noted, but the first phase of Twitter's rebrand is simple for now.
Persons: Elon, Mark Zuckerberg, Musk, Linda Yaccarino, Josh Gerben, Stacy Wu, Wu, didn't, Yaccarino, Joe Biden, Kamala Harris, Biden, " Biden, adieu Organizations: Twitter, Meta, Microsoft, Reuters, CNBC, Google Locations: we're, New York, China
Elon Musk rebranded Twitter to X this week. It led to a price spike for some X-branded crypto tokens. One token saw a 1,200% rally after Musk's announcement, even though the project had shut down in May. Newer X-branded tokens also appeared on crypto exchanges following the rebrand of Musk's company. "But whether all the disappointed Twitter users go to Threads and actually stay there remains to be seen."
Persons: Linda Yaccarino, Yaccarino, Mark Zuckerberg, Ali Mogharabi Organizations: Elon, Service, Twitter, Traders, SpaceX, Morningstar Locations: Wall, Silicon, Elon Musk's, we're
Reuters —Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft (already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. Microsoft since 2003 has owned an X trademark related to communications about its Xbox video-game system. Meta Platforms - whose Threads platform is a new Twitter rival - owns a federal trademark registered in 2019 covering a blue-and-white letter “X” for fields including software and social media. Meta and Microsoft likely would not sue unless they feel threatened that Twitter’s X encroaches on brand equity they built in the letter, Gerben said.
Persons: Reuters — Billionaire Elon, , , Josh Gerben, Nikolas Kokovlis, Gerben, Meta, Douglas Masters, Loeb, Ed Timberlake Organizations: Reuters — Billionaire, Twitter, Meta, Microsoft, Elon, Getty, Facebook Locations: Athens, Greece
TikTok launches text-only posts to rival Elon Musk's Twitter
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +1 min
July 25 (Reuters) - Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social media firm to capitalize on the turmoil at Twitter since its buyout by Elon Musk last year. The move, announced on Monday, would allow TikTok users to choose from a variety of backgrounds for their text posts that can feature hashtags and allow people to tag other users. The posts, which look similar to Instagram Stories, have a 1,000-character limit, according to tech news website the Verge. Meta Platforms (META.O) Chief Executive Mark Zuckerberg launched Threads in July, another text-only application that could pose a threat to Musk's Twitter. Musk on Monday renamed Twitter to X, and removed the iconic blue bird logo, in his bid to create "an everything app".
Persons: Elon Musk, Mark Zuckerberg, Musk, Aditya Soni, Zaheer Kachwala, Anil D'Silva Organizations: Twitter, Elon, Thomson
On Monday, Elon Musk rolled out a major rebrand of Twitter as "X." The "X" logo has popped up all over the site and on the side of the company's main offices. The conference rooms at Twitter headquarters were even renamed to "eXposure" and "s3Xy," the New York Times reports. To reflect Twitter's new Elon Musk-fueled rebrand as "X," the company is changing inside and out — even down to the names of its office conference rooms. He also projected a massive "X" logo onto the side of Twitter headquarters in honor of the unveiling.
Persons: Elon Musk, Musk Organizations: Twitter, New York Times, Morning, Elon, San Locations: San Francisco
DeSantis' critics are dogpiling on him anyway, saying the fake has more charisma than the real deal. Titled "DESANTIS FOR PRESIDENT," the viral video features DeSantis making nonsensical remarks and behaving awkwardly on the campaign trail. "This version definitely has more charisma, and social skills, than the real DeSantis," wrote one Youtuber commenter. The DeSantis campaign faced a rocky start after a botched campaign launch in May on Elon Musk's Twitter Spaces. Representatives for the DeSantis campaign did not immediately respond to a request for comment from Insider sent outside regular business hours.
Persons: Ron DeSantis, DeSantis, Joe Biden, Donald Trump, DeSantis hasn't, trashing, he's, Kyle Ball, Disney Organizations: YouTube, Service, Florida Gov, Daily, Mmm, GOP, Elon, Twitter, Trump Locations: Wall, Silicon, Florida
Sen. Elizabeth Warren, D-Mass., sent a letter urging the U.S. Securities and Exchange Commission to investigate Tesla and its board of directors over possible "conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholders" related to CEO Elon Musk's Twitter takeover. The take-private deal included $13 billion in debt, and Musk reportedly sold billions of dollars worth of his Tesla shares to finance the transaction. In recent weeks, Musk appointed Linda Yaccarino, who previously ran global advertising for Comcast's NBCUniversal, to the role of Twitter CEO. Her hiring stirred hope that Twitter's beleaguered advertising business would soon recover and that Musk would return to focus on Tesla and SpaceX. Tesla is scheduled to report its second-quarter earnings after the bell on Wednesday of this week.
Persons: Elon Musk, Finances Bruno Le Maire, Sen, Elizabeth Warren, Tesla, Elon, Gary Gensler, Warren, Robyn Denholm, Musk, Linda Yaccarino, Comcast's, Yaccarino Organizations: French, Finances, Chateau, U.S . Securities, Exchange Commission, Twitter, SEC, CNBC, Public Affairs, Tesla, SpaceX Locations: Versailles, Paris
[1/2] Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoJuly 14 (Reuters) - Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to "understand the universe." During the Spaces session, which had a delayed start as Twitter needed to "tweak the algorithm" to promote the chat to more users, Musk said xAI would work closely with his other companies, Twitter and Tesla (TSLA.O). The company will use public tweets to train its AI models and may also work with Tesla on AI software. He also accused all AI companies of training their models using Twitter data in what he characterized as an illegal manner.
Persons: Dado Ruvic, Elon Musk, Musk, xAI, AGI, Tesla, Sheila Dang, Krystal Hu, Jonathan Oatis, Josie Kao, Diane Craft Organizations: Elon, Twitter, REUTERS, Google, Microsoft, White, Thomson Locations: xAI, China, Dallas, New York
July 14 (Reuters) - Former Fox News (FOXA.O) host Tucker Carlson and former White House adviser Neil Patel are looking to raise funds to start a new media company that could potentially be anchored on Twitter, the Wall Street Journal reported on Friday. The duo is looking to raise hundreds of millions of dollars to fund the company, the report said, citing people familiar with the matter. Carlson did not immediately respond to Reuters' request for a comment, while Patel was not immediately reachable. In a video posted on Twitter in May, Carlson had said he would relaunch his show on the social media platform "soon". He released the first episode of his new show, "Tucker on Twitter", in June.
Persons: Tucker Carlson, White, Neil Patel, Carlson, Patel, Tucker, Samrhitha Arunasalam, Gursimran Kaur, Shilpi Majumdar, Varun Organizations: Former Fox News, Twitter, Wall Street, Elon Musk's Twitter, Fox News, Reuters, Fox Corp, Thomson Locations: Bengaluru
Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.
Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners
Elon Musk's X Corp., the parent company of Twitter, filed a lawsuit against four unknown entities last week over data scraping on Twitter. Data scraping is when automated programs scour publicly accessible websites to collect data, which can later be used for a wide range of purposes, including training artificial intelligence large language models, targeting online advertisements and much more. The ruling reaffirmed the appeals court's decision, finding that scraping public data does not violate the Computer Fraud and Abuse Act. "Corp. has also limited access to Tweets for users who are not signed in to registered Twitter account." "By unlawfully scaping data, Defendants flagrantly ignore not only Corp.'s Terms of Service, but also the privacy preferences of Twitter users," the filing stated.
Persons: Elon Musk, Porte, Elon, — CNBC's Lora Kolodny Organizations: Twitter, Viva Technology, Porte de, Elon Musk's X Corp, X Corp, U.S, Ninth Circuit, LinkedIn, Corp, " Corp Locations: Paris, Texas, Dallas County , Texas, U.S
It's been less than a year since he bought it, and Elon Musk's Twitter is already well on its way to suffering a fate worse than death — irrelevance. How you do a turnaroundIn the early days of Musk's Twitter takeover, I told you he was overpaying for the company. Unfortunately for Twitter, Musk is not a traditional turnaround guy. Maybe, to Musk, that's a crusade worth sacrificing the very thing that makes Twitter special. Maybe this is the site Musk wanted in the first place.
Persons: It's, Elon, irrelevance, Musk, Ron DeSantis, Rihanna, Mark Zuckerberg's Meta, Alexandria Ocasio, Cortez, Jennifer Lopez, Steph Curry, Donald Trump's, he's, tweeting, Vicki Bryan, Bond Angle, Goldman Sachs, Twitter hadn't, Linda Yaccarino, That's, Bryan, Morgan Stanley, what's, Jack Dorsey, , Instagram, Lina Khan, hasn't, Meta, Zuckerberg, he'll, Linette Lopez Organizations: Elon Musk's Twitter, Gov, Twitter, Super, Metropolitan Transportation Authority, MTA, Oracle, Google, Fidelity, Wall Street, Pew Research, Pew, Federal Trade Commission, Meta Locations: Florida, Alexandria, New York
But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims. Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October. The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees.
Persons: Dado Ruvic, Elon Musk, Courtney McMillian, McMillian, Musk, Daniel Wiessner, Alexia Garamfalvi, Bill Berkrot Organizations: Elon, Twitter, REUTERS, Thomson Locations: San Francisco federal, Albany , New York
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