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☆ Twitter dissolves Trust and Safety Council
▼ + stars: | 2022-12-13 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

Dec 12 (Reuters) - Twitter Inc on Monday disbanded its Trust and Safety Council, a volunteer group formed in 2016 to advise the social media platform on site decisions, according to an email reviewed by Reuters. More than a 1,000 have resigned, among them Yoel Roth, the company's former head of trust and safety. As part of this process, we have decided that the Trust and Safety Council is not the best structure to do this," an email sent to the Trust and Safety Council members, seen by Reuters, said. Last week, three members of the Council resigned citing concern for the safety of Twitter users. Musk had responded on the micro blogging site accusing council members of refusing to take action on child exploitation, a claim former CEO Jack Dorsey said was "false".

Dec 9 (Reuters) - Defeated Republican candidate Kari Lake sued state elections officials on Friday to challenge the counting and certification of the midterm election and ask to be declared the winner. The suit targets Lake's opponent, Governor-elect Katie Hobbs, who is currently Arizona's secretary of state, along with top officials in Maricopa County, according to the filing on Friday with the Maricopa County Superior Court. Lake was one of the most high-profile Republican candidates in the midterm elections to embrace former President Donald Trump's false claims of voter fraud in 2020. The suit on Friday asks for an order declaring that Lake is the winner of the 2022 Arizona gubernatorial election, or alternatively throwing out the results and requiring the state's Maricopa county to conduct a new election. read moreLake, a former television news anchor, was one of a string of Trump-aligned Republican candidates who lost battleground state races in the midterm elections.

☆ Musk's bankers mull new Tesla margin loans to slash Twitter debt - Bloomberg News
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - Billionaire Elon Musk's bankers are considering providing the Tesla Inc (TSLA.O) Chief Executive Officer with new margin loans backed by the U.S. automaker's stock to replace some of the high interest debt on his Twitter deal, Bloomberg News reported on Wednesday. The margin loans are one of the options that the Morgan Stanley (MS.N)-led bank group and Musk's advisers have discussed to ease the $13 billion debt Twitter took on as part of Musk's $44 billion deal, the report said, citing people with knowledge of the matter. Morgan Stanley (MS.N), Bank of America Corp (BAC.N), Barclays Plc (BARC.L) and Mitsubishi UFJ Financial Group Inc (8306.T) led the $13 billion financing for the bid by Musk. The banks are not expected to offload any of the Twitter debt to institutional investors until the new year, Bloomberg reported. Reuters reported in October that banks had abandoned plans to sell the debt to investors because of uncertainty around Twitter's fortunes and losses.

Companies AT&T Inc FollowDec 3 (Reuters) - AT&T Inc. (T.N) has agreed to pay a $6.25 million penalty to settle a Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to Wall Street analysts, the SEC said in a court filing. "We are committed to following all applicable laws and pleased to have resolution with the SEC. With this settlement, the company and its employees neither admitted nor denied the SEC’s allegations," AT&T told Reuters in an emailed statement. In a March 2021 lawsuit, the SEC accused Dallas-based AT&T and three investor relations executives of leaking details about its smartphone business to 20 firms. Reporting by Akanksha Khushi; Additional reporting by Sneha Bhowmik in Bengaluru; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Musk's Twitter updates app to start charging $8 for blue checkmark
▼ + stars: | 2022-11-05 | by ( Rhea Binoy | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File PhotoNov 5 (Reuters) - Twitter on Saturday updated its app in Apple's App Store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. The change comes a week after Musk took over the social media company in a $44 billion deal. It was not immediately clear how or if Twitter planned to verify the identity of the user beyond charging a fee. Twitter Blue will roll out in India in "hopefully less than a month," Musk tweeted in reply to a question from a follower. As of Saturday, the update to Twitter Blue remained at the old price of $4.99.

Warner Bros. Pictures, film subsidiary of Warner Bros. "We're spending more money this year than we've ever spent historically," Warner Bros Chief Executive David Zaslav told a conference call. Warner Bros posted a third-quarter loss of $2.3 billion, or 95 cents a share, which includes $1.5 billion in pre-tax restructuring charges. Warner Bros Discovery, home to hit franchises such as "Batman" and "Euphoria," added 2.8 million new streaming subscribers in the third quarter, bringing its total to 94.9 million. A merger of HBO Max and Discovery+ will debut on an accelerated timetable, in spring of 2023.

☆ Elon Musk plans to cut half of Twitter jobs - Bloomberg News
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Elon Musk's photo is seen through a Twitter logo in this illustration taken October 28, 2022. REUTERS/Dado Ruvic/IllustrationNov 2 (Reuters) - Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company's workforce in a bid to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter. Bloomberg also reported that Musk intends to reverse the social media company's existing work from anywhere policy and will require employees to work from office though some exceptions could be made. Musk, in a tweet, had denied a New York Times report that said he was planning to lay off Twitter employees before Nov. 1 to avoid stock grants due on the day. Reuters had reported earlier this week, citing sources that Musk plans to cut a quarter of Twitter's workforce as part of a first round of layoffs at his recently acquired company.

☆ Elon Musk plans to cut half of Twitter employees' jobs - Bloomberg News reporter tweet
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: 1 min

☆ Cevian slashes stake in Vodafone after calling for faster change, Financial Times reports
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +1 min

Oct 15 (Reuters) - Europe's largest activist investor Cevian Capital has slashed its stake in UK-based Vodafone as scepticism grows that the telecoms company will be able to reverse its sluggish performance, the Financial Times reported. Cevian built a significant but undisclosed stake in Vodafone last year through shares and derivatives, becoming one of the ten largest shareholders, the report said, citing people familiar with the matter. However, Cevian sold the vast majority of its stake by June, it added. Vodafone and Cevian Capital did not immediately respond to requests for comment. Earlier in January, the FT reported that another of Vodafone's biggest shareholders, Abrdn, supported Cevian's call for a restructuring.

☆ Apple says it is excited to be manufacturing iPhone 14 in India
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterThe Apple logo is seen at an Apple Store in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermid/NEW DELHI, Sept 26 (Reuters) - Apple Inc (AAPL.O) said on Monday that the iPhone maker was "excited to be manufacturing iPhone 14 in India". Register now for FREE unlimited access to Reuters.com RegisterReporting by Sneha Bhowmik in Bengaluru, writing by Tanvi MehtaOur Standards: The Thomson Reuters Trust Principles.

☆ Apple says it will manufacture iPhone 14 in India
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe Apple logo is seen at an Apple Store in Brooklyn, New York, U.S. October 23, 2020. REUTERS/Brendan McDermid/NEW DELHI, Sept 26 (Reuters) - Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China. read more"The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We're excited to be manufacturing iPhone 14 in India," Apple said in a statement. Analysts at J.P.Morgan expect Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world's second-biggest smartphone market after China.

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