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12 mentions found


☆ After Investigation and Complaints, Twitter Removes ‘X’ on Headquarters
  + stars: | 2023-08-01 | by ( Lauren Mccarthy | More About Lauren Mccarthy | ) www.nytimes.com   time to read: +3 min
Background: San Francisco was investigating. Twitter representatives told the inspector that it was a “temporary lighted sign for an event,” the complaint said. The changes were reflected inside Twitter’s San Francisco headquarters — X logos were projected in the cafeteria and conference rooms were renamed — as well as outside. Early on July 24, Mr. Musk shared a photo of a giant X projected on Twitter’s office building shortly after announcing the change. Days later, the “X” sign was installed.
Persons: Francisco, ” Mr, Hannan, ”, Elon Musk, Musk, adieu, Innisfree Organizations: San, Twitter, San Francisco, Associated Press, Incorporated Locations: San Francisco
☆ EU official to confront Zuckerberg after damning report on company’s handling of child sexual abuse material
  + stars: | 2023-06-08 | by ( Brian Fung | ) edition.cnn.com   time to read: +2 min
CNN —A top European Union official plans to confront Meta CEO Mark Zuckerberg in an in-person meeting over reports this week that the company has failed to prevent the spread of child sexual abuse material on its platform. Thierry Breton, a European commissioner who has led the charge on regulating digital platforms, will visit Meta’s California headquarters on June 23 and plans to raise the matter with Zuckerberg personally, he tweeted Thursday. “#Meta’s voluntary code on child protection seems not to work,” Breton said. “Child exploitation is a horrific crime,” the spokesperson said. A spokesperson for the European Commission didn’t immediately respond to a request for comment.
Persons: Mark Zuckerberg, Thierry Breton, Zuckerberg, ” Breton, “ Mark Zuckerberg, Breton, Meta didn’t, Instagram, “, ” Organizations: CNN, European Union, Digital Services, Meta, Wall Street Journal, Stanford University, University of Massachusetts Amherst, San, European Commission Locations: Meta’s California, San Francisco, California
☆ Twitter loses its top content moderation official at a key moment
  + stars: | 2023-06-02 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
Irwin has not addressed the reasons for her departure, but the move coincided with the company’s content moderation dispute with the Daily Wire, a conservative outlet. But the sudden and unexpected vacancy at Twitter could leave the company without a key content moderation official at a sensitive moment. That law, known as the Digital Services Act, will require so-called “very large online platforms” including Twitter to abide by tough content moderation standards by as early as August. For months, as Musk has increasingly welcomed more incendiary speech onto the platform Twitter had previously restricted, EU officials have been reminding Twitter of its content moderation obligations under the DSA. The warnings have also come amid mass layoffs at the company that have eliminated entire teams, including much of its content moderation staff.
Persons: Elon Musk, Twitter’s, Ella Irwin, Irwin, Jeremy Boreing, Musk, it’s, It’s, “, Thierry Breton, ” Breton, Linda Yaccarino Organizations: CNN, Twitter, European Union, Reuters, Daily, Twitter’s San, Digital Services, DSA, Services, Trust, Safety, European Commission, Companies Locations: Twitter’s, Twitter’s San Francisco
☆ Analysis: Elon Musk escalates antics at Twitter, complicating turnaround
  + stars: | 2023-04-10 | by ( Clare Duffy | ) edition.cnn.com   time to read: +5 min
New York CNN —Under Elon Musk, Twitter has antagonized multiple major news organizations by labeling them state-funded media, appears to have eased restrictions on Russian government accounts and made crude jokes on the front of its headquarters and on Musk’s own Twitter display name. Musk has said Twitter is working to improve the platform’s ad targeting to increase value for advertisers. But it didn’t exactly go to plan — instead of removing checks from all previously verified users, Twitter appeared to target a single account belonging to the New York Times. Days later, Twitter’s home button was temporarily replaced with doge, the meme representing the cryptocurrency dogecoin, which Musk has promoted. The company also briefly restricted Twitter users from sharing links to a rival platform, upsetting users, including one who had previously reported the so-called Twitter files using documents provided by Musk.
☆ Twitter faces lawsuits over unpaid rent for U.S. HQ, U.K. office
  + stars: | 2023-01-24 | by ( Associated Press | ) www.nbcnews.com   time to read: +3 min
Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it’s taking the company to court over rental debt. Twitter has already been taken to court this month for falling behind on rent at another San Francisco office. The company, Sri Nine Market Square LLC, said Twitter “breached the Lease by failing to pay monthly rent and additional rent” for January amounting to $3.4 million. After using those funds, the landlord says Twitter still owes $3.16 million in unpaid rent and is seeking late fees and interest plus attorneys’ fees.
☆ Elon Musk, 'Chief Twit'
  + stars: | 2022-12-21 | by ( Kenneth Li | ) www.reuters.com   time to read: +5 min
He solicited the view of the public before restoring banned accounts belonging to former U.S. President Donald Trump and other prominent U.S. election deniers. Most declined to return and work under “hardcore” conditions that entailed sleeping at the office as one employee demonstrated on Twitter. He has floated ideas ranging from building a version of China’s WeChat, a super app that would include everything from shopping to banking to social media. It has always punched above its weight and remains the preferred social media megaphone for world and industry leaders, revolutionaries and the media. Look to Musk to stoke political outrage in 2023 as he backs Florida Governor Ron DeSantis for a 2024 U.S. presidential bid while enticing Trump to start tweeting again.
☆ Amid Twitter turmoil, Musk arrives in court for $56 billion Tesla pay trial
  + stars: | 2022-11-16 | by ( Tom Hals | ) www.reuters.com   time to read: +3 min
On Monday and Tuesday, the court got a taste of Musk’s testimony through short clips from his 2021 deposition in the litigation. In one clip, Musk dismissed the idea that the board should have discussed requiring that he spend more time with Tesla. The disputed Tesla package allows Musk to buy 1% of Tesla’s stock at a deep discount each time escalating performance and financial targets are met. Tesla has hit 11 of the 12 targets, according to court papers. The Musk case survived a motion to dismiss because it was determined he might be considered a controlling shareholder, which means stricter rules apply.
☆ Amid Twitter turmoil, Musk takes stand in $56 billion Tesla pay trial
  + stars: | 2022-11-16 | by ( Tom Hals | ) www.reuters.com   time to read: +3 min
In one clip, Musk dismissed the idea that the board should have discussed requiring that he spend more time with Tesla. He apologized from the stand to a British diver who he called “pedo guy” in a tweet and who sued Musk for defamation. The disputed Tesla package allows Musk to buy 1% of Tesla’s stock at a deep discount each time escalating performance and financial targets are met. Tesla has hit 11 of the 12 targets, according to court papers. The Musk case survived a motion to dismiss because it was determined he might be considered a controlling shareholder, which means stricter rules apply.
☆ Musk says he was focused on reviving Tesla, defends $56 billion pay
  + stars: | 2022-11-16 | by ( Tom Hals | Hyunjoo Jin | ) www.reuters.com   time to read: +4 min
Elon Musk, Chief Executive Officer (CEO) of SpaceX, Tesla and Twitter, arrives to a trial regarding his Tesla pay package at the Delaware Court of Chancery in Wilmington, Delaware, U.S., November 16, 2022. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla’s board to dictate terms of the package, which did not require him to work at Tesla full-time. Musk, the world’s richest person, described how the automaker was struggling to survive in 2017, when the pay package was developed. The legal team for Musk and the Tesla directors have cast the pay package as a set of audacious goals that worked by driving 10-fold growth in Tesla’s stock value, to more than $600 billion from around $50 billion. The disputed Tesla package allows Musk to buy 1% of Tesla’s stock at a deep discount each time escalating performance and financial targets are met.
☆ Musk says he made some Tesla decisions without board nod, defends $56 billion pay
  + stars: | 2022-11-16 | by ( Tom Hals | Hyunjoo Jin | ) www.reuters.com   time to read: +5 min
WILMINGTON, Del (Reuters) -Elon Musk said in court on Wednesday that he made some Tesla Inc decisions without the approval of the company’s directors, as he defended his $56 billion pay package against claims that he dictated its terms to a compliant board. Questioned by Tornetta’s lawyer, Greg Varallo, Musk rejected claims that his pay package goals were easy to achieve. An email from May 2017 appeared to establish that Musk was pushing for the pay plan months before the board negotiated it with him. Antonio Gracias, a venture capital investor and longtime friend of Musk who was also a Tesla board member from 2007 to 2021, took the stand after Musk testified. The disputed Tesla package allows Musk to buy 1% of Tesla’s stock at a deep discount each time escalating performance and financial targets are met.
☆ Elon Musk tells advertisers he doesn’t want Twitter to become ‘free-for-all hellscape’
  + stars: | 2022-10-27 | by ( Clare Duffy | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Elon Musk attempted to reassure Twitter’s advertisers about the future of the platform in an open letter Thursday, a day before his $44 billion takeover of the company is expected to be completed. On Wednesday, Musk visited Twitter’s San Francisco headquarters and spoke with employees, reportedly telling them he does not in fact plan to cut 75% of Twitter’s staff, despite prior reports. Twitter’s Chief Customer Officer Sarah Personette responded to Musk’s Thursday tweet saying that she had a “great discussion” with Musk on Wednesday. “Our continued commitment to brand safety for advertisers remained unchanged,” Personette said. Musk has previously suggested that he wants to increase Twitter’s subscription revenue to rely less on ads.
☆ Elon Musk visiting Twitter headquarters this week ahead of expected deal closing
  + stars: | 2022-10-26 | by ( Donie O'Sullivan Clare Duffy | Donie O'Sullivan | Clare Duffy | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected close of his deal to buy the company, Twitter Chief Marketing Officer Leslie Berland told staff in an email Wednesday. For everyone else, this is just the beginning of many meetings and conversations with Elon.”Berland added that all Twitter (TWTR) employees will hear directly from Musk on Friday. Musk on Wednesday also changed his Twitter bio to “Chief Twit.”Musk is likely to face many questions from nervous employees when he addresses Twitter’s staff. The Washington Post last week reported that Musk told prospective investors in the deal that he planned to cut nearly 75% of the company’s staff, and that Twitter had already planned massive layoffs even if the deal did not go through. Musk had previously discussed dramatically reducing Twitter’s workforce in text messages with friends about the deal, which were revealed in court filings, and didn’t dismiss the potential for layoffs in a call with Twitter employees in June.
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