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Twitter co-founder Jack Dorsey had been part of a group of people who were encouraging the Tesla CEO’s takeover of the social-media platform. Photo: marco bello/Agence France-Presse/Getty ImagesElon Musk hasn’t proved himself to be the best leader for Twitter, according to co-founder Jack Dorsey , who said “it all went south” when the company was sold to the billionaire. Mr. Dorsey shared his opinion Friday in a series of posts on Bluesky, a social-media platform some have touted as a possible alternative to Twitter.
Twitter Begins Removing Legacy Blue Check Marks
  + stars: | 2023-04-21 | by ( Alexa Corse | ) www.wsj.com   time to read: 1 min
Twitter is over $13 billion in debt. But CEO Elon Musk said the company has a shot at becoming cash-flow positive within a few months. Illustration: Preston JesseeLegacy verified Twitter users began losing their blue check marks Thursday, as the social-media platform moved to end its previous system for authenticating users in favor of paid subscriptions. Celebrities who suggested they wouldn’t subscribe when legacy verification went away include Chrissy Teigen , Mark Hamill , Dionne Warwick , and “Seinfeld” actor Jason Alexander . All four appeared to have lost their blue checks as of Thursday.
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Former Twitter Executives Sue Platform for Unpaid Fees
  + stars: | 2023-04-11 | by ( Alexa Corse | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/former-twitter-executives-sue-platform-for-unpaid-fees-18fc936
Twitter Inc. opened up a significant portion of its source code, an uncommon move for a large social-media company and one that owner Elon Musk said will make the platform more trustworthy. The code, posted Friday on the code-sharing site GitHub Inc., exposes how Twitter recommends posts and identifies problems such as hate speech. It doesn’t provide private user data or a road map for creating a replica of the platform. One expert likened the strategy to a chef sharing a recipe for ingredients that only he or she has.
Twitter Inc.’s plan to remove legacy blue check marks for verified accounts heralds an end to a longtime social-media status symbol and is prompting complaints from some of the platform’s celebrity contributors concerned about potential impersonation. The departing system, in which Twitter verified notable accounts to confirm their authenticity by adding a blue check mark next to the user’s name, will give way starting April 1 to one in which users must purchase a subscription to be verified, the company has said. Twitter, which previously didn’t charge for verification, is only providing it now to those who pay $8 to $11 for a monthly subscription, depending on whether it is paid via mobile or web browser.
Twitter Offers New Equity Grants to Staff
  + stars: | 2023-03-25 | by ( Alexa Corse | ) www.wsj.com   time to read: 1 min
Twitter Inc. is offering new equity grants to staff that will start to vest after six months, according to an email sent late Friday that was viewed by The Wall Street Journal. The company plans to offer a liquidity event roughly a year from now, in which employees can cash out some of their equity, the email shows. The number of employees who received the equity grants and the value of the shares couldn’t be learned.
Elon Musk said Twitter Inc. employees will receive stock awards based on a roughly $20 billion valuation, less than half of the $44 billion price he acquired the company for last year, according to an email reviewed by The Wall Street Journal. Mr. Musk in the note to staff said he was optimistic about the social-media company’s future. “I see a clear, but difficult, path to a >$250B valuation,” meaning stock granted now would be worth 10 times more, he said.
Posts on Twitter and other social-media platforms helped fuel concerns about the U.S. banking system in recent days, as a range of users from prominent investors to internet provocateurs speculated more chaos could ensue. Some users were trying to offer financial advice aimed at helping readers. Others appeared to take a more extreme view of the situation. In total, fairly or not, the messages sowed anxiety at a time when confidence in the country’s banking system was shaken, lawmakers and social-media observers said.
Elon Musk said Twitter Inc. has a shot at being cash-flow positive next quarter, and he is optimistic about the company’s future after what he called a difficult past few months. “I definitely don’t want to count chickens before they hatch,” he added Tuesday about his latest expectations for the company’s financial situation.
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Elon Musk is trying to run Twitter Inc. with an ever-shrinking fraction of the staff the company had when he took over. Silicon Valley is watching to see if he will succeed. Across the tech industry and many businesses broadly, companies are trying to do more with less—using layoffs to unwind recent hiring sprees and cutting back on some long-shot projects.
Photo: Constanza Hevia H. for The Wall Street JournalTwitter has shed employees since Elon Musk acquired it last year. Twitter Inc. conducted another round of job cuts over the weekend, people familiar with the matter said, the latest among thousands of staff reductions under new owner Elon Musk. The cuts come as billionaire Mr. Musk has been pursuing sweeping changes to the platform, including slashing costs, releasing new features and changing content-moderation policies.
Since Elon Musk took over, Twitter Inc. has faced a growing list of claims that it hasn’t paid its bills as the social-media company aims to break even this year. Landlords, consultants and vendors in recent months have made demands for payments in at least nine lawsuits, with their complaints totaling more than $14 million plus interest.
Elon Musk has been adding and tweaking features to Twitter Inc.’s platform at a rapid pace since taking over. The challenge now is translating those changes into meaningful benefits for Twitter’s business. Mr. Musk’s ownership of Twitter hit the 100-day mark on Saturday. The billionaire has said his goals for Twitter include building the company’s subscription business, lessening its dependence on advertising, and making the experience better for users.
Jack Dorsey in recent weeks has been posting frequently on Nostr. Twitter Inc. co-founder Jack Dorsey has joined a new social network, and he is using it to take aim at Twitter’s new owner, Elon Musk. Mr. Dorsey in recent weeks has been posting frequently on Nostr, a decentralized network that some have proposed as an alternative to Twitter. When Twitter suffered hourslong technical glitches Wednesday, Mr. Dorsey voiced frustrations on Nostr.
Twitter Users Say They Can’t Post or Send Direct Messages
  + stars: | 2023-02-08 | by ( Alexa Corse | ) www.wsj.com   time to read: 1 min
Twitter said it was working to resolve glitches affecting the social-media platform. Twitter Inc. users on Wednesday reported a rash of issues, including being unable to post real-time tweets or send direct messages. Some users said they couldn’t follow accounts, and some said they received a message saying: “You are over the daily limit for sending Tweets.” Some said it worked if they scheduled tweets for at least a minute in the future.
What the ‘Menswear Guy’ Tells Us About Twitter’s FutureTwitter’s “For You” feed has been showing a lot of users posts from one men’s fashion commentator. But it isn’t because they all suddenly care about streetwear and cowboy aesthetics. WSJ Twitter reporter Alexa Corse joins host Zoe Thomas to explain what tweaks to the platform's algorithm have meant for users' feeds and what they tell us about Elon Musk’s approach to content.
Powell: Inflation Has Eased Somewhat but Remains Elevated
  + stars: | 2023-02-01 | by ( ) www.wsj.com   time to read: 1 min
What the ‘Menswear Guy’ Tells Us About Twitter’s FutureTwitter’s “For You” feed has been showing a lot of users posts from one men’s fashion commentator. But it isn’t because they all suddenly care about streetwear and cowboy aesthetics. WSJ Twitter reporter Alexa Corse joins host Zoe Thomas to explain what tweaks to the platform's algorithm have meant for users' feeds and what they tell us about Elon Musk’s approach to content.
Of all the changes at Twitter Inc. under Elon Musk so far, this might be the most unexpected: A California-based menswear writer, who weighs in on incorporating western-style wear into your wardrobe, and on his favorite Italian tailors, suddenly seems to be all over the platform. The Twitter account @dieworkwear, run by Derek Guy, is popping up left and right in users’ timelines—even for those who don’t follow him. The phenomenon has befuddled users—and Mr. Guy himself.
Of all the changes at Twitter Inc. under Elon Musk so far, this might be the most unexpected: A California-based menswear writer, who weighs in on incorporating western-style wear into your wardrobe, and on his favorite Italian tailors, suddenly seems to be all over the platform. The Twitter account @dieworkwear, run by Derek Guy, is popping up left and right in users’ timelines—even for those who don’t follow him. The phenomenon has befuddled users—and Mr. Guy himself.
WASHINGTON—Elon Musk, the billionaire CEO of Tesla Inc. and Twitter Inc., met Friday with White House officials as well as top Republicans, amid deep interest on Capitol Hill in both electric-vehicle subsidies and social-media rules. Mr. Musk spoke Friday with John Podesta , a senior energy adviser to President Biden, and Mitch Landrieu, the White House’s infrastructure law coordinator to discuss electric vehicles, according to a White House official. The meeting was held at Tesla’s Washington, D.C., office.
Twitter’s landlord alleges that the company failed to make a roughly $3.4 million rent payment on its San Francisco headquarters for December and a similarly sized payment for January. Twitter Inc. is being sued over allegedly unpaid rent at its headquarters building in San Francisco, adding to legal battles between the social-media company and vendors since Elon Musk acquired the business last year. The landlord, SRI Nine Market Square LLC, alleged in a lawsuit that Twitter failed to make a roughly $3.4 million rent payment for December and a similarly sized payment for January.
Elon Musk‘s stated plan to find someone to succeed him as Twitter Inc.’s chief executive officer has set the billionaire up with the thorny task of identifying a candidate for a job he has said isn’t desirable. Running Twitter would be a tall order under any circumstances. It was a consistently money-losing business before Mr. Musk acquired it in October, and is now in the middle of broad tumult in its industry. Meanwhile, many advertisers, Twitter’s main source of revenue, have stopped spending since Mr. Musk’s arrival, and he has made a rash of changes, some of which he reversed. Mr. Musk has a collection of Silicon Valley friends and allies who provided advice during the run-up to his acquisition or since he took over—though none have been publicly named as Twitter executives.
Since taking over Twitter Inc., Elon Musk has rapidly made big changes, laying off employees, tweaking posting rules and suspending and reinstating accounts. There’s one group he has struggled to manage, one that’s vital to the company’s future: advertisers.
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