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Search resuls for: "Katie Paul Paresh Dave"


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☆ Musk warns of Twitter bankruptcy as more senior executives quit
  + stars: | 2022-11-10 | by ( Katie Paul Paresh Dave | Katie Paul | Paresh Dave | ) www.reuters.com   time to read: +5 min
The U.S. Federal Trade Commission said it was watching Twitter with "deep concern" after these three privacy and compliance officers quit. Twitter did not respond to requests for comment on a potential bankruptcy, the FTC warning, or the departures. Wheeler was the face of Twitter for advertising after Musk took over. Musk has saddled Twitter with $13 billion in debt, on which it faces interest payments totaling close to $1.2 billion in the next 12 months. It joined other brands including General Motors (GM.N) that have paused advertising on Twitter since Musk took over, concerned that he will loosen content moderation rules.
☆ FTC watching Twitter security execs exits with 'deep concern'
  + stars: | 2022-11-10 | by ( Katie Paul Paresh Dave | Katie Paul | Paresh Dave | ) www.reuters.com   time to read: +4 min
Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty have also resigned, according to an internal message seen by Reuters. He announced plans to cut half its workforce last week, promised to stop fake accounts and is charging $8 a month for the Twitter Blue service that will include a blue check verification. "We are tracking recent developments at Twitter with deep concern," Douglas Farrar, the FTC's director of public affairs, told Reuters. "Elon puts rockets into space, he's not afraid of the FTC," the attorney quoted Spiro as saying. Twitter did not respond to a request for comment on the FTC warning, the note from the attorney or the departures.
☆ Twitter lays off staff as Musk blames activists for 'massive' ad revenue drop
  + stars: | 2022-11-04 | by ( Sheila Dang Katie Paul Paresh Dave | Sheila Dang | Katie Paul | ) www.reuters.com   time to read: +7 min
The groups said on Friday they are escalating their pressure and demanding brands pull their Twitter ads globally. Staff who worked in engineering, communications, product, content curation and machine learning ethics were among those impacted by the layoffs, according to tweets from Twitter staff. Shannon Raj Singh, an attorney who was Twitter's acting head of human rights, tweeted on Friday that the entire human rights team at the company had been cut. Musk tweeted that his team had made no changes to content moderation and done "everything we could" to appease the groups. Employees of Twitter Blue, the premium subscription service that Musk is bolstering, were also let go.
☆ Twitter to start layoffs on Friday - internal email
  + stars: | 2022-11-04 | by ( Sheila Dang Katie Paul Paresh Dave | Sheila Dang | Katie Paul | ) www.reuters.com   time to read: +3 min
The social media company said in an email to staff that it will alert employees by 9 a.m. Pacific time on Friday (12 p.m. EDT/1600 GMT) about staff cuts. The social media platform said Twitter employees who are not affected by the layoffs will be notified via their work email addresses. The layoffs, which were long expected, have chilled Twitter's famously open corporate culture that has been revered by its employees. Shortly after the email landed in Twitter employee inboxes, hundreds of people flooded the company's Slack channels to say goodbye, two employees told Reuters. "If you are in an office or on your way to an office, please return home," Twitter said in the email on Thursday.
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