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☆ Blue Bird, one of Indonesia's largest taxi companies, talks about its shift toward electric vehicles
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlue Bird, one of Indonesia's largest taxi companies, talks about its shift toward electric vehiclesAndre Djokosoetono, president director of Blue Bird Group, discusses his hopes if growing the company's EV fleet in Indonesia to 10% within the next three to five years, and how public charging stations are aiding their efforts.

Persons: Andre Djokosoetono Organizations: Blue Bird Group, EV Locations: Indonesia

☆ What These Founders Learned From Trying to Take on Elon Musk's Twitter
▼ + stars: | 2024-10-28 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

About three weeks after Elon Musk bought Twitter in October 2022, #RIPTwitter started trending. As the bird app's outlook grew more bleak, several alternative conversation platforms hatched: Narwhal, Spoutible, Spill, Post, and Cohost among them. I talked to several founders about what they learned trying to compete with Musk, and the state of civil discussion online. "There's a ton of power in whoever controls" a big social media platform, Thompson says. Spill, a Black-owned social platform, has been downloaded more than half a million times.

Persons: Elon Musk, RIPTwitter, shitposting, Gabor Cselle, Cselle, Meta, Jack Dorsey, Twitter, Musk, Twitters, he's, imminently, Fortune, Noam Bardin, Andreessen Horowitz, Bardin, Laurene Powell Jobs, Nicholas Thompson, Thompson, Narwhal, Trump, Hitler, Alphonzo Terrell, Kerry Washington, Terrell, there's, Joe Biden, Kamala Harris, Harris, I've, I'm Organizations: Elon, Google, Twitter, Anti Software Software, Politico, Boston Globe, The, Amplica Labs, Democratic, Spill, Phillies

☆ Lightning Round: I like Cigna, 'two thumbs up', says Jim Cramer
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Cigna, 'two thumbs up', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Enphase Energy, Cigna, ZIM, Broadcom, and Blue Bird.

Persons: Jim Cramer Organizations: Enphase Energy, Broadcom

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, FedEx, Reddit, Broadcom, Chewy & more
▼ + stars: | 2024-10-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street: Citi initiates FedEx and UPS as buy Citi said in its initiation note that FedEx and UPS are well positioned. "Netflix remains a compelling growth story with significant room for revenue, earnings, and FCF growth over the next several years." Wells Fargo upgrades Valero to overweight from equal weight Wells said the company is one of the "best independent refiners." Mizuho reiterates Nvidia and Broadcom as outperform Mizuho said it's sticking with its outperform ratings on Nvidia and Broadcom. Wells Fargo reiterates Roblox as overweight Wells Fargo raised its price target on Roblox ahead of earnings in late October to $54 per share from $46.

Persons: underperform Jefferies, Guggenheim, TD Cowen, Cowen, Morgan Stanley, it's bullish, Piper Sandler downgrades Blackstone, Piper, Piper Sandler, Wells, Jefferies, Wolfe, VALE, Chewy, it's, Mizuho, Wells Fargo, Evercore Organizations: Citi, FedEx, UPS, Jefferies, Southwest, Deutsche Bank, Netflix, Deutsche, Inc, MetLife, Barclays, Apple, Apple Intelligence, New York Times, Industry, Nvidia, Broadcom, Mizuho, Lowe's Locations: Valero, underperform, Underperform

☆ Follow a simple, 'unorthodox' 4-step strategy and buy these 5 stocks to mimic the returns of a top-3% mutual fund over the last decade
▼ + stars: | 2024-07-16 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewA growth-heavy mutual fund has crushed its index in the last decade thanks to a remarkably simple investing strategy that most bottom-up portfolio managers would decry as heresy. The Hennessy Cornerstone Growth Fund (HFCGX) managed by Neil Hennessy, Ryan Kelley, and Josh Wein is in the top 3% of its category in the last 10 years, according to Morningstar. AdvertisementThis stock screen, which doesn't examine a company's management team or balance sheet, is "a little bit unorthodox," Wein acknowledged. A 4-part pathway to strong gainsThough unconventional, the four-part vetting process that serves as the backbone of the Hennessy Cornerstone Growth Fund is far from unproven. Although Wein doesn't select stocks like most other managers, he still highlighted five stocks that he's most excited about.

Persons: —, Neil Hennessy, Ryan Kelley, Josh Wein, Morningstar, It's, Wein, " Wein, they're, Hennessy, They're Organizations: Service, Cornerstone Growth, Business, Hennessy Cornerstone Growth, Urban Outfitters, Emcor

☆ Biden Offers $1.7 Billion to Help Factories Build Electric Vehicles
▼ + stars: | 2024-07-11 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

The federal government will grant car and auto parts factories in eight states $1.7 billion to begin producing electric vehicles and other clean energy technology, the Biden administration announced on Thursday. Among the 11 recipients will be a Jeep factory in Belvidere, Ill., that the brand’s parent company Stellantis closed last year. The money will allow the plant to reopen and produce electric vehicles, officials said, restoring almost 1,450 jobs. Other beneficiaries include a factory in Georgia that plans to make Blue Bird electric school buses, a General Motors factory in Michigan that will shift production from gasoline to electric vehicles, and a Harley-Davidson factory in Pennsylvania that will increase production of electric motorcycles. The funding helps to address fears that electric vehicles will endanger jobs at factories that make gasoline-powered vehicles or parts for internal combustion engines as the industry shifts to E.V.s.

Persons: Biden, Stellantis, Harley, Davidson Organizations: General Motors Locations: Belvidere , Ill, Georgia, Michigan, Pennsylvania

☆ This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here's its strategy
▼ + stars: | 2024-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.

Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States

☆ The best-performing EV stock this year is a school bus manufacturer
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The bus manufacturer has seen a boom in its EV bus business thanks to a $5 billion government program. AdvertisementThe school bus manufacturer sold a record 210 electric school buses in the quarter and said it had an order backlog of about 500 electric buses, with bookings soaring 56% from the year-ago period. Helping fuel Blue Bird's EV school bus business is the US Environmental Protection Agency's Clean School Bus Program, which was established in the 2021 Bipartisan Infrastructure Law and provides $5 billion in funding to replace diesel school buses with electrified buses. AdvertisementAccording to research from Barclays, an electric school bus can sell for more than $300,000 compared to just $100,000 for traditional school buses. "EV school bus growth is in the early innings.

Persons: —, Blue Bird, Phil Horlock, Needham, Chris Pierce Organizations: Bird Corp, EV, Service, Blue Bird Corp, YCharts, School Bus Program, Law, Barclays, Bird

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Opinion | Elon Musk Is Making a Giant Mistake … Unless?
▼ + stars: | 2023-12-01 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Elon Musk is so smart that you have to wonder if trashing X, formerly Twitter, is somehow in his best interest. This couldn’t possibly be one giant mistake, could it? Actually I think it is a giant mistake. There is, however, an unlikely scenario where damaging X in the short run might benefit Musk in the long run. He cut more than three-quarters of the staff, including most of those involved in keeping hate speech off the platform, which predictably resulted in more hate speech and fewer advertisers.

Persons: Elon Musk, ” Organizations: The New York Times DealBook Summit

☆ X has been bleeding nearly $70 million per day in value since Elon Musk took over
▼ + stars: | 2023-10-31 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +4 min

X's valuation has dropped on average nearly $70 million per day during Elon Musk's first year of ownership. AdvertisementAdvertisementX has shed nearly $70 million in value per day since Elon Musk took over the social media company. On Monday, Insider confirmed that employees of the company formerly known as Twitter were given stock grants that showed the social media company was worth about $19 billion. "How do you make a small fortune in social media?" Despite the backlash, X CEO Linda Yaccarino and Musk have continued to strike a postive note.

Persons: Elon Musk's, —, Elon Musk, Fortune, Musk, Linda Yaccarino, Yaccarino, Insider's Lara O'Reilly, Twitter's, Parag Agrawal, He's Organizations: Service, Elon, Twitter

☆ Elon Musk’s Twitter takeover, the platform and its cultural impact have fundamentally changed
▼ + stars: | 2023-10-27 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +16 min

Here’s a (non-exhaustive) account of how Musk has fundamentally changed Twitter since he made one of the most consequential acquisitions of the social media age. Many of Musk’s content and product decisions have also led to what civil society groups have reported as a troubling spread of hateful speech on the platform. He recommended that X users monitor the Israel-Hamas conflict by following an account known for spreading disinformation, before later deleting his post. And, in an attempt to prove that former Twitter executives deliberately discriminated against conservatives on the platform, Musk provided a handpicked group of journalists with selective access to company records. It is perhaps Musk’s all-consuming presence that has most undermined what users used to love about Twitter.

Persons: New York CNN — It’s, Elon Musk, Linda Yaccarino —, Yaccarino, ” Yaccarino, —, it’s, Here’s, Musk, he’s, Donald Trump, LeBron James, James, ”, X, General Mills, ” Weeks, “ Elon, what’s, “, Paul Pelosi, Dilbert, Scott Adams, George Soros, Joe Biden’s, Ron DeSantis ’, Robert F, Kennedy, Jr, Tucker Carlson, Vivek Ramaswamy, Benjamin Netanyahu, Hunter Biden Organizations: New, New York CNN, Elon, Twitter, US Federal Trade Commission, Securities, Exchange Commission, EU, Premium, Nintendo, NPR, PBS, Volkswagen, —, Center, Defamation League, Wall Street, Florida Republican Gov, Fox, New York, Trump Locations: New York, Israel, United States, breakeven, New

Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. “We’re still negative cash flow," he posted on the site on July 14, due to a about a "50% drop in advertising revenue plus heavy debt load." Insider Intelligence estimates that X will bring in $1.89 billion in advertising revenue this year, down 54% from 2022. “Even though the cultural relevance of Twitter was already starting to decline," before Musk took it over, "it’s as if the platform no longer exists. Usually when a social platform, starts to lose its relevance there are at least some external factors at play, but that’s not the case here.”

Persons: Elon Musk, it's, hasn’t, Jasmine Enberg, Musk, ” Enberg, —, Ian Bremmer, “, algorithmically, ” It's, We’re, ”, Linda Yaccarino, it’s, that’s Organizations: FRANCISCO, —, Twitter's San, Twitter, Media Matters, European Commission, NBC, Facebook, Meta, Google, ., Intelligence Locations: Twitter's, Twitter's San Francisco, Maine, Israel

☆ Australia fines X, formerly Twitter, for not answering questions on child abuse content
▼ + stars: | 2023-10-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Australia's eSafety commissioner on Sunday fined X, the social media platform formerly known as Twitter, 610,500 Australian dollars, over $380,000 U.S., for failing to properly disclose information about how it polices child abuse content. The legislation requires online service providers to report how they crack down on child abuse content on their platforms. The notices had specific questions for the companies to answer about how they handle child exploitation content. According to the eSafety commissioner, X did not answer many of the questions and left "some sections entirely blank." It said it found "serious shortfalls" in how child abuse content is policed on the five platforms it filed legal notices to.

Persons: Elon Musk, Australia's, Julie Inman Grant, X Organizations: Elon, Google, NBC News, CNBC, Trust Locations: Australia

☆ Twitter Is Now X? Why Not the Elon Enterprise?
▼ + stars: | 2023-09-16 | by ( Danny Heitman | ) www.wsj.com time to read: 1 min

Wonder Land: As if Trump-Biden weren’t enough, two of the U.S.’s most prominent CEOs may actually duke it out. Images: AFP/Getty Images Composite: Mark KellyIt’s been a few weeks since Elon Musk changed the name of his social-media platform from Twitter to X, and the reviews so far have been cool. Many users are finding ways to keep the brand’s iconic blue bird on their devices. For legions of holdouts, Twitter will always be Twitter.

Persons: Trump, Biden, Mark Kelly It’s, Elon Musk Organizations: Getty, Elon, Twitter

☆ The Mysterious Allure of a Mogul’s Favorite Letter
▼ + stars: | 2023-08-31 | by ( Ben Zimmer | ) www.wsj.com time to read: 1 min

Ever since Elon Musk announced in late July that Twitter was going to be rebranded as X, the decision has generated no end of agita from longtime users of the social-media platform. Lately some fans of the pre-Musk regime have even deployed online tools to banish the new stylized X logo from their screens and bring back Twitter’s familiar blue bird.

Persons: Elon Musk Organizations: Twitter

☆ Meta is rolling out Threads, Twitter is blowing itself up in the quest of becoming the everything app, and YouTube is just over here rounding out its corners
▼ + stars: | 2023-08-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

ICYMI, YouTube is introducing rounded corners. In stark contrast to Meta's and Twitter's headline-grabbing changes, YouTube quietly unveiled a very subtle one: rounded corners, as seen in the screenshot below. YouTube videos now have rounded corners instead of sharp edges. InsiderA YouTube spokesperson confirmed the change to the Verge on Tuesday, saying that rounded corners on its videos will soon be coming to all users. The platform introduced its "Twitter-killer" rival before quickly losing the majority of its active users in a month.

Persons: Twitter —, Elon Musk, That's, — Organizations: YouTube, Morning, Twitter, Facebook Locations: Canada

☆ Major brands are mostly ignoring Elon Musk's new X logo: 'How many people really know what "Follow us on X" means?'
▼ + stars: | 2023-08-21 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Twitter became X last month, but major brands have been slow to adopt the new logo. It's been almost a month since Twitter rebranded to X, but most major brands haven't scrubbed the blue bird logo from their marketing yet. Other giant corporations like General Motors, American Express, Amazon, Comcast, and L'Oreal have continued to carry the old Twitter logo on their websites. X released a new brand toolkit with logo templates and other marketing assets for marketers to use earlier this month. Musk changed the company name of Twitter to X Corp. earlier this year and replaced Twitter's branding on July 24 .

Persons: Twitter, It's, Procter, Gamble —, Matt Boffey, Boffey, Marissa Mulvihill, Musk Organizations: Twitter, General Motors, American Express, Comcast, L'Oreal, IBM, X Corp, PayPal, Brand Finance, Design, Partners Locations: Amazon

☆ Bank of America calls this transportation stock a great turnaround story with 'significant upside'
▼ + stars: | 2023-08-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America says Blue Bird is a winning post-pandemic growth story for investors. Blue Bird stock has soared more than 91% from the start of the year. BLBD YTD mountain Blue Bird stock. Analyst Sherif El-Sabbahy labeled Blue Bird "a turnaround story with significant upside," and lauded the company's ability to navigate difficult macroeconomic headwinds including higher costs and inflation. "Blue Bird is also well positioned to lead in electrification for school buses, as $5bn in federal funding ramps, and newer entrants'/ competitor's suppliers' falter," he said.

Persons: Sherif El, Sabbahy, Bird, — CNBC's Michael Bloom Organizations: of America, EV Locations: EBITDA

☆ Stocks making the biggest moves midday: Xpeng, Nvidia, Blue Bird, Estee Lauder and more
▼ + stars: | 2023-08-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Xpeng — The electric car maker stock declined 5% after the company reported a larger-than-expected loss in the second quarter. XPeng reported a loss of 2.8 billion yuan, while analysts polled by Refinitiv had forecasted 2.13 billion yuan. Ross Stores reported second-quarter earnings per share of $1.32, beating the $1.16 expected from analysts polled by Refintiv. Deere reported earnings of $10.20 per share on revenue of $15.8 billion. Analysts polled by Refinitiv called for earnings of $8.20 per share and revenue of $14.25 billion.

Persons: Xpeng, XPeng, Refinitiv, FactSet, Estee Lauder, Nio, Alibaba, JD.com, PDD, —, Alex Harring, Michelle Fox Organizations: Strategic Education, Bank of America, Ross Stores, Refintiv . Revenue, Nvidia, FactSet, Deere Locations: China

☆ Video calls are coming to X as part of Elon Musk's transformation of Twitter into an everything app, CEO says
▼ + stars: | 2023-08-11 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

X, formerly known as Twitter, is getting a new feature: video calls. CEO Linda Yaccarino said the update is part of Elon Musk's rebrand of Twitter into an everything app. "Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X," Yaccarino told CNBC. Musk's vision for an everything app named X dates back to his days at PayPal at the turn of the millennium. After ending the video, Musk posted that X's live video feature "now works reasonably well."

Persons: Linda Yaccarino, you'll, Yaccarino, Elon, Andrea Conway, Enrique Barragan, X, We'll, —, Musk, livestreamed Organizations: Twitter, Elon Musk, CNBC, PayPal Locations: Elon Musk's

☆ Elon Musk's flashing X sign at Twitter headquarters resulted in $4,447 of fines which the landlord paid, report says
▼ + stars: | 2023-08-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk had a strobe light in the shape of an X erected on the roof of the company's headquarters. The landlord has paid $4,447 in fines as a result, the San Francisco Chronicle reported. The X sign that Elon Musk had installed on the roof of his company's headquarters resulted in $4,447 in fines which the landlord of the building paid, the San Francisco Chronicle reported. As Musk rebranded Twitter to become X, the iconic blue bird logos were removed from inside its downtown San Francisco office, and eventually from the exterior sign after interruptions from police. It's another headache for X's landlord, which previously filed a lawsuit against the company saying that it hadn't paid rent.

Persons: Elon Musk, Musk, Pacino, k5QfAm8yuG, e7ECCM2NUD — Christopher J, Beale, X Organizations: San Francisco Chronicle, Twitter, Francisco's Department, Planning Department, of Locations: San Francisco

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File photoAug 5 (Reuters) - Elon Musk has said his X social media platform will fund the legal bills of people who have been treated unfairly by employers because of posting or liking something on the site formerly known as Twitter. "If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X, adding that there will be no limits to funding the bills. The figures came as the company is going through organizational changes and is looking to boost dropping advertising revenue. An upturn in advertising revenue that had been expected in June failed to materialise.

Persons: Carlos Barria, Elon Musk, Musk, Juby Babu, Tom Hogue, Simon Cameron, Moore Organizations: REUTERS, Meta, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru

☆ Musk's X to pay legal bills of people 'unfairly treated' for posting on platform
▼ + stars: | 2023-08-06 | by ( ) www.cnbc.com time to read: +1 min

"If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills. Late last month, Musk said that monthly users of X reached a "new high" and shared a graph that showed the latest count as over 540 million. The figures came as the company is going through organizational changes and is looking to boost falling advertising revenue. Musk earlier in July had said that the platform's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. An upturn in advertising revenue that had been expected in June failed to materialize.

Persons: Elon Musk, Musk Organizations: Twitter, Meta Platforms Locations: U.S

☆ When Twitter CEO Linda Yaccarino changed her username to include an 'X,' a troll claimed her original handle and turned it into a parody account
▼ + stars: | 2023-08-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

However, a troll immediately grabbed her old handle and turned it into a parody account of her. The parody account is mocking Twitter's new logo and its resemblance to a porn site. Twitter CEO Linda Yaccarino changed her Twitter username on Saturday but fell victim to a troll who claimed her original username and turned it into a parody account. Soon after changing her username, a troll grabbed her Yaccarino's original handle and turned it into a parody account posting a handful of jokes about the platform and its new logo. The parody account mocked the new logo in one post writing: "Let's revert back to Twitter!

Persons: Linda Yaccarino, Yaccarino, Elon Musk Organizations: Twitter, NBCUniversal

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