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☆ Elon Musk's latest money making idea for X? Selling old Twitter handles for $50,000 a pop, report says.
▼ + stars: | 2023-11-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

X is looking to generate new revenue by selling off old Twitter handles, Forbes reported. X is looking to address a huge advertising shortfall following Elon Musk's takeover last year. AdvertisementAdvertisementElon Musk's X is working on a plan to generate new revenue by selling off old Twitter handles, Forbes reported Friday. AdvertisementAdvertisementThe company is looking to plug a huge advertising revenue shortfall following Elon Musk's takeover of Twitter last November. AdvertisementAdvertisementAdvertising accounted for 90% of X's revenue in 2021 when it last publicly reported its financial results.

Persons: X, Elon Musk's, —, Elon, Forbes, Alex Konrad, X didn't, Linda Yaccarino, Musk Organizations: Forbes, Elon, Service, Twitter, Ebiquity, Grok

☆ The decision to split Sequoia Capital into 3 entities puts to bed any questions of a power struggle at the VC powerhouse
▼ + stars: | 2023-06-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

VC powerhouse Sequoia Capital announced Tuesday that it is splitting into three entities. One of those entities, Sequoia China, known locally as HongShan, will operate as a distinct firm. The mighty Sequoia Capital is dropping branches. The decision puts to bed any question of a power struggle at one of Silicon Valley's most respected firms. And unlike some other global firms that had veto power over investments overseas, according to Bloomberg, Sequoia China had full autonomy to strike its own deals.

Persons: Roelof Botha, Neil Shen, Forbes, Alex Konrad, Doug Leone, Instagram, Bytedance, Botha, Shen, Julian Bek, Elon Musk's Organizations: Sequoia Capital, Sequoia, XV Partners, YouTube, Bloomberg, Shen, Sequoia China, Ventures, Lightspeed Venture Partners, Accel, Elon, Twitter, Fidelity Locations: Sequoia China, China, Europe, HongShan, India, Southeast Asia, Sequoia, Sequoia Capital China, Asia, Silicon Valley, London, FTX

☆ Anxious Twitter users find few alternatives to platform after Musk deal closes
▼ + stars: | 2022-10-28 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

But with few obvious alternatives, Twitter users may be left with nowhere else to go. Other platforms, like Mastodon, have promised a more decentralized social media experience. “Excited to see what you accomplish here,” retired basketball star Shaquille O’Neill tweeted at Musk on Wednesday ahead of the deal closing. Musk has said he would restore Trump’s Twitter account, though Trump has previously said he would remain on Truth Social. By unbanning users and unwinding content moderation efforts, Musk could make Twitter less palatable for its most vulnerable users, typically women, members of the LGBTQ community, and people of color, according to safety experts.

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