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☆ Elon Musk is 'totally out of his element' at Twitter because he doesn't 'understand social media,' a Harvard leadership expert says
▼ + stars: | 2023-07-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A Harvard leadership expert thinks Elon Musk is "totally out of his element" in running Twitter. He explained that the billionaire doesn't have any expertise of running a social media platform. A Harvard leadership expert weighed in on Elon Musk's takeover of Twitter and the changes he's made, saying that the billionaire is "totally out of his element" because social media is not his area of expertise. George suggested that Musk should let Twitter's new CEO Linda Yaccarino call the shots. William Klepper, a management professor teaching an executive leadership course at Columbia Business School, previously told Insider that Musk's Twitter takeover is "a case study of failed leadership."

Persons: Elon Musk, doesn't, Bill George, Elon, George, Musk, Parag Agrawal, Ned Sagal, Vijaya Gadde, Sean Edgett, Linda Yaccarino, William Klepper, Klepper Organizations: Harvard, Twitter, Harvard Business School, CNBC, SpaceX, Columbia Business School Locations: Elon Musk's

☆ Harvard expert: Elon Musk's Twitter rebrand shows he's 'out of his element' there—'I don't think he understands social media'
▼ + stars: | 2023-07-27 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Elon Musk's Twitter rebrand suggests that he's "totally out of his element," says Harvard leadership expert Bill George. Musk announced his decision to abandon the 16-year-old Twitter brand Sunday, opting for the new name and logo, X. George, who's studied effective leadership and leadership failures over the past two decades, says Musk's modifications to the platform are a "big mistake." In contrast, running a social media company may require a high level of interpersonal skills, which Musk's own brother says he lacks. "Now, that he has the [new] CEO of Twitter, he needs to let her restore what Twitter was, so [users and] advertisers come back," George says.

Persons: Elon, Bill George, George, Musk, Parag Agrawal, who's, —, Bloomberg —, Tesla, Berkshire Hathaway, Warren Buffett, George agrees, Linda Yaccarino Organizations: Twitter, Harvard, Harvard Business School, CNBC, Bloomberg, SpaceX, NASA, U.S ., Berkshire Locations: Elon Musk's

☆ Did Elon Musk buy Twitter? Inside the unexpected acquisition of the social media platform
▼ + stars: | 2023-07-22 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com time to read: +2 min

Elon Musk officially reached a deal to buy social media platform Twitter. The billionaire took the company private by paying $54.20 per share, paying about $44 billion in total. In October 2022, billionaire Elon Musk completed a deal to acquire social media platform Twitter for $44 billion after a wild six months. But on April 25, Twitter said it would agree to be acquired by Musk for $44 billion. As a result of the new deal, Twitter's lawsuit against Musk over the $44 billion purchase came to an end.

Persons: Elon Musk, Musk, Twitter, he'd, Parag Agrawal, Ned Segal Organizations: Morning, Twitter

☆ Former HR boss at Twitter says the company failed to pay $500 million in severance pay owed to laid-off staff
▼ + stars: | 2023-07-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A former Twitter HR boss says it failed to pay $500 million in severance pay to laid-off staff. She said in a lawsuit that employees were given much less severance pay than promised. A former HR boss at Twitter says that the company failed to pay $500 million in severance pay owed to laid-off staff. The lawsuit said that was just "a fraction" of what laid-off workers were entitled to under the severance plan. The lawsuit asks the court to order Twitter to pay back at least $500 million it says the company owes in severance pay.

Persons: Elon Musk, Courtney McMillian, Musk, Twitter's, Parag Agrawal, Bret Taylor, hadn't, McMillian Organizations: Twitter, Morning, Wednesday Locations: San Francisco

☆ Jack Dorsey says 'running Twitter is hard' but tells Elon Musk it's 'critical to preserve the open internet' after data scraping crackdown
▼ + stars: | 2023-07-02 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Jack Dorsey said "running Twitter is hard" as users hit out at Elon Musk for imposing "rate limits." Dorsey said "I don't wish that stress upon anyone" after Musk capped how many tweets users can see. Musk said the limits were "temporary" and walked back on the numbers several times on Saturday. The Twitter co-founder said Saturday that "running Twitter is hard" after Elon Musk sparked a backlash by announcing "rate limits" on viewing tweets. Musk said Saturday that Twitter was placing temporary tweet-viewing rate limits restricting how many posts users can see.

Persons: Jack Dorsey, Dorsey, Musk, Elon Musk, Parag Agrawal Organizations: Elon, Twitter

Companies Twitter Inc FollowJune 21 (Reuters) - Twitter Inc is facing a lawsuit claiming it failed to pay workers millions of dollars in promised bonuses, adding to a pile of court cases filed since Elon Musk acquired the social media company. Schobinger says that before and after Musk purchased Twitter last year, the company promised employees that they would receive 50% of their target bonuses for 2022. But those payments never materialized, according to the lawsuit, which accuses Twitter of breach of contract. Twitter in those cases is accused of failing to pay promised severance and targeting female employees and workers with disabilities for layoffs, among other claims. Many landlords, vendors and consultants have also sued Twitter over unpaid bills, some of which Musk inherited when he bought the company.

Persons: Elon Musk, Mark Schobinger, Schobinger, Musk, Shannon Liss, Riordan, Parag Agrawal, Daniel Wiessner, Alexia Garamfalvi, Conor Humphries Organizations: Twitter, Elon, X Corp, Thomson Locations: San Francisco federal, Delaware, Albany , New York

☆ Check out the 11-slide pitch deck these ex-DeepMind staffers used to raise $5.5 million for their large language model startup Glyphic AI
▼ + stars: | 2023-06-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

London-based Glyphic AI has raised $5.5 million from Point72 Ventures. A startup founded by former DeepMind staffers using AI to help sales teams just raised $5.5 million in fresh funds. London-based Glyphic AI, founded last year, has developed a "copilot" that automates an array of manual processes in the sales process. With the recent explosion of ChatGPT catapulting many AI startups into the spotlight, VCs are scrambling to invest in AI startups that enhance workplace productivity. With the fresh funds, Glyphic AI will build out its team, and hone in on its AI and software development.

Persons: Glyphic's, Adam Liska, Liska, Devang Agrawal, that's, Mehdi Ghissassi, Rushin Shah Organizations: London, Point72 Ventures, Creator, Dhyan Ventures, Google Locations: London

☆ Tech companies are getting tougher on remote workers as their office mandates show
▼ + stars: | 2023-06-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Many of them either embraced or tolerated remote working but now they seem less keen. Earlier in June, Meta announced that workers must go into the office three days a week, starting September 5. Musk has criticized remote work on several occasions and recently called it "morally wrong." Martha Stewart has also weighed in on the productivity of remote workers, saying: "You can't possibly get everything done working three days a week in the office and two days remotely." The employer backlash against remote work follows a period of upheaval in the tech industry.

Persons: Platformer's Zoë Schiffer, Parag Agrawal, he'd, Elon, Musk, Martha Stewart Organizations: Meta, Apple, Staff, Google, Twitter, The Washington Post Locations: WaPo

☆ Here's an exclusive look at the pitch deck that Kira Learning, a startup that provides AI-powered software to help teach computer science to K-12 students, raise $15 million from investors like NEA
▼ + stars: | 2023-06-05 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Edtech startup Kira Learning uses AI-powered software to help K-12 students learn computer science. The idea was to help students become familiar with computer science before they get into college. Teachers in these schools had never taught computer science before, and many were new to learning coding skills themselves. The partnership will make Kira Learning's computer science courses available to all public middle and high schools in the state, at no cost to schools, Pasinetti said. Check out the 16-slide pitch deck that Kira Learning used to raise $15 million in Series A funding from NEA and the AI Fund:

Persons: Andrea Pasinetti, Andrew Ng, Pasinetti, Ng, Kira, Jagriti Agrawal, Kira Learning's, Kira Learning Organizations: Stanford University, Stanford, NASA, NEA, AI, AI Fund, Innovation Network Locations: Tennessee

Kumar, like others in his position, knows all too well the frustrations that can build when work is scarce. “Since childhood, we’ve been facing this competition,” said Sarang Agrawal, 28, who is studying for the Indian civil service entrance test. There’s competition everywhere.”Sarang Agrawal (center) is studying in the hope of becoming a civil servant. Vijay Bedi/CNNNo social life, no love life … and no plan BLike Kumar and Kumari, Agrawal knows all about competition. He is among the more than 1 million people who apply each year for a position in the Indian civil service.

Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter's lawsuit to force Musk to complete the buyout after he tried to back out. Joele Frank began working for Twitter in January 2015, according to its complaint in a New York state court in Manhattan. Many landlords, vendors and consultants have sued Twitter over unpaid bills that Musk inherited when he bought the company, before he implemented deep cost cuts. Musk has said Twitter could generate positive cash flow as soon as this quarter, despite a decline in advertising revenue. The case is JF Associates LLC v X Corp, New York State Supreme Court, New York County.

☆ We expect the Indian rupee to 'top out' in the short term, says Barclays
▼ + stars: | 2023-05-22 | by ( ) 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 EmailWe expect the Indian rupee to 'top out' in the short term, says BarclaysAshish Agrawal of the bank says the Reserve Bank of India has turned from buying to selling dollars.

☆ Elon Musk says he's found a new Twitter CEO: 'She will be starting in ~6 weeks!'
▼ + stars: | 2023-05-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said on Thursday that he'd found a new CEO for Twitter. Elon Musk said on Thursday that he'd found a new CEO for Twitter. Musk became Twitter CEO, describing himself as "Chief Twit," last year after he bought the company and fired CEO Parag Agrawal within hours of taking the social-media company private. Since Musk took over as Twitter CEO in November, some Tesla shareholders have expressed concern over his focus on the social-media company as Musk has taken to sleeping at its headquarters. Musk has said from the beginning that he had planned for his stint as Twitter's CEO to be temporary.

☆ Bernstein predicts crypto will emerge as an alternative financial system amid bank busts, and says to buy bitcoin
▼ + stars: | 2023-04-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin was originally designed, after the 2008 financial crisis, as digital cash that doesn't rely on banks. "To rescue the ship, the Fed will have to resort to dollar debasement and monetary printing again, bringing back the role of Bitcoin as digital gold." The shift back to the digital gold narrative has started, since the recent deposit runs and bank failures on regulated U.S. banks, triggered by high interest rates. A couple weeks later its gold correlation surpassed its Nasdaq correlation. "The safe haven signal will lead to a new crypto cycle, pushing digital wallets as on-chain savings accounts," the analysts said.

☆ Twitter's former top execs, fired by Elon Musk on his first day in charge, are suing the company for $1 million in unpaid bills
▼ + stars: | 2023-04-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter's former CEO, CFO, and chief legal officer are suing Twitter for over $1 million. They claim they had agreements with the company that it would reimburse any legal fees they incurred. The company took two months to acknowledge their demands and still won't pay, the suit alleges. The suit claims the two ex-execs racked up legal fees to deal with these cases and comply with various demands. The trio's action against Twitter follows several others alleging that the company has failed to pay bills since Musk took over the company last October.

☆ Former Twitter executives sue company to recover over $1 million in legal fees
▼ + stars: | 2023-04-11 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

The complaint also describes legal fees linked to probes by the Securities and Exchange Commission and the Justice Department, though without disclosing many specifics of the investigations. Agrawal continued to field requests through the fall and after he stepped down from Twitter, according to the complaint. And late last year, it said, the Justice Department contacted Agrawal and Segal’s attorneys about multiple investigations into Twitter. Letters to Twitter seeking reimbursement for the legal expenses were ignored for months, according to the complaint. As of Monday, the executives still have not recovered the fees, the complaint said.

☆ Bernstein says if you like gold, you should like bitcoin even more
▼ + stars: | 2023-04-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's "irrational" to like gold and dislike bitcoin at this point in the macro cycle, according to Bernstein. At the same time, the flagship cryptocurrency's correlation with gold has been climbing, while its correlation with stocks has declined, Bernstein found. "If you like gold here, you should like bitcoin even more … Gold and bitcoin correlation increases during the periods of crisis. And when there is a massive monetary debasement event, while both bitcoin and gold rally, bitcoin outperforms gold." "Liking gold, but not liking bitcoin, is like hating on a faster horse," they said.

☆ Elon Musk's Twitter is now recommending Kremlin-linked accounts to users after restricting them last year, tests suggest
▼ + stars: | 2023-04-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Twitter appears to be amplifying tweets of Russian state accounts after suppressing them last year. The Telegraph created a new account and was recommended the Kremlin-linked accounts, it reported. Elon Musk has been lifting most restrictions on accounts labelled harmful under previous management. Twitter had more broadly limited the reach of state-affiliated media since 2020, by not recommending them to users and labelling them as state-affiliated. The world's second-richest man reinstated Donald Trump's Twitter account in November to this end, although the former president has still not posted any new tweets.

☆ Robots are getting good at dribbling soccer balls, new video from MIT shows
▼ + stars: | 2023-04-03 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Researchers from MIT designed "DribbleBot," a robot that dribbles a soccer ball just like humans. Researchers from MIT's Improbable Artificial Intelligence Laboratory designed the robotic system, which can dribble a soccer ball across a range of surfaces. We need the machines to go over terrains that aren't flat, and wheeled robots can't traverse those landscapes." Four-legged robots designed by other companies, including Boston Dynamics, Ghost Robotics, and Anybotics, are also putting their robot-iterations to work, such as performing equipment inspection checks at companies. But advancements like MIT's show there's still progress being made toward the dream of competitive soccer robots.

☆ How crypto prices may react to the latest Fed decision
▼ + stars: | 2023-03-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The Fed is due to conclude its two-day meeting and unveil its latest policy decision at 2 p.m. Still, inflation and Fed rate hikes remain the biggest catalysts for bitcoin. Here are three scenarios Chhugani and Agrawal are watching, and what investors how investors could expect to see prices react. "Crypto markets may rally on the immediate risk-on impulse, and it may vindicate some who have been saying the Fed reversed course, after breaking the banks," they said. "But any near term crypto rally would find it hard to sustain growth if crypto simply pivots to a risk on trade."

☆ The Boring Company CEO who slept at Twitter's headquarters with his newborn baby is rumored to be Twitter's next CEO, report says
▼ + stars: | 2023-02-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Twitter employees are speculating that The Boring Company CEO Steve Davis could replace Elon Musk as CEO, Platformer reported. The publication said that Davis helped orchestrate a round of layoffs at the social media company that impacted about 200 people this week. The Boring Company CEO spent the first few weeks after his baby was born sleeping in a makeshift bedroom in the office, along with his newborn and partner, according to the report. Before he became CEO of The Boring Company, Davis worked with Musk at SpaceX. Tesla's stock has fallen over 37% since he announced his plans to buy the social media company on April 14.

☆ Twitter owner Elon Musk says CEOs and politicians should take a leaf out of his book and be more authentic on social media
▼ + stars: | 2023-02-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Elon Musk says other CEOs and leaders should run their own social media accounts. Musk is famed for his frequently wacky tweets and has sometimes gotten into trouble over his posts. Musk said criticism is "really not that bad" and encouraged others to be authentic on social media. Speaking at the World Government Summit in Dubai on Wednesday, the billionaire said he encourages CEOs, legislators, ministers, and other leaders to "speak authentically" on social media. Musk, who has often run into trouble over his tweets, said getting criticism is "really not that bad."

☆ Elon Musk says the end of 2023 is a 'good timing' to find a new CEO for Twitter because the company will be 'stable' by then
▼ + stars: | 2023-02-15 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Elon Musk says he plans to have someone take over his job as Twitter CEO near the end of 2023. He said end-2023 would be "good timing" to hand over the reins because Twitter should be "stable" then. "I don't know, I'm guessing probably towards the end of this year should be a good timing to find someone else to run the company," Musk added. Musk then started a Twitter poll on December 18, asking users whether he should "step down as head of Twitter." The results of the poll didn't swing in his favor — some 57.5% of the poll's more than 17.5 million respondents voted for Musk to step down as Twitter CEO.

☆ A former Twitter engineer says it took 20 interviews to find a new job after getting laid off by Elon Musk
▼ + stars: | 2023-02-11 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A Twitter engineer said it took 20 interviews to find a new job after getting laid off. Andrew Glose, a senior Android engineer, was one victim of Elon Musk's mass layoffs in November. Glose has found a new job at fitness company Peloton, where he is also a senior Android engineer. "I'm very excited about learning new areas of my field and channeling my passion for fitness into my job," Glose concluded. On Thursday, Musk reportedly fired an engineer who told him he was becoming less popular on Twitter.

☆ Twitter hit back at a private jet company suing it over an $197,000 unpaid bill, saying it was overcharged for 2 flights that weren't properly authorized
▼ + stars: | 2023-02-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Private Jet Services filed a lawsuit against Twitter over an unpaid bill of nearly $200,000 last December. On Tuesday, Twitter said that the jet company overcharged it and the flights were unauthorized. It also frequently referred in the documents to being billed $194,000 by Private Jet Services, but did not explain the discrepancy in figures. Twitter says that it believes the jet company breached this agreement over "designated representatives," and as such the lawsuit should be dismissed. Private Jet Services and Twitter did not immediately respond to requests for comment from Insider.

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