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☆ 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.

☆ India proposes cuts in personal income tax rates under new taxation regime
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chests of drawers are pictured at the Income Tax office in New Delhi April 5, 2013. REUTERS/Mansi Thapliyal/FilesNEW DELHI, Feb 1 (Reuters) - India will raise the personal income tax rebate limit to 700,000 rupees ($8,565) under the new tax regime from the previous 500,000 rupees, Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday. "This will provide major relief to all tax payers in the new regime," Sitharaman said in her budget speech. "The new tax regime has got a great boost by the budget announcements made by the FM (finance minister)," said Alok Agrawal, partner, Deloitte India. She said an individual with an annual income of 900,000 rupees will be required to pay 45,000 rupees as income tax, while those with an income of 1.5 million rupees would pay 150,000 rupees or 10% of their income.

☆ A Twitter employee joked that they would write 'stay employed' for their Q3 goals after Elon Musk's takeover, report says
▼ + stars: | 2023-01-30 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

A Twitter worker joked about how to stay employed after Elon Musk bought the firm, per a report. Some staff searched for any indication of layoffs on Musk's Twitter feed, the report said. In the wake of Musk's takeover of Twitter in late October, employees were concerned about job cuts at the company, The Verge reported, citing more than 24 current and former Twitter employees. Another employee replied, saying: "Writes, 'stay employed'," the report said. Since Musk took over Twitter, thousands of employees have either resigned or been fired or laid off, Insider's Kali Hays reported.

[1/2] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. Adani Group in a statement said: "There is no change in either the schedule or the issue price." The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. The Hindenburg report questioned how the Adani Group used entities in offshore tax havens such as Mauritius and the Caribbean islands.

Asked for comment, an Adani Group spokesperson said in an email that the share sale was going "as per schedule", without elaborating. The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. Adani had set a floor price of 3,112 rupees ($38.22) a share and a cap of 3,276 rupees, but Adani Enterprises closed on Friday 2,761.45 rupees. A fourth source said Adani management is also discussing the share sale internally to decide on next steps.

The government plans to raise 160 billion rupees through green bonds for the current fiscal ending March 31, with the first tranche of 80 billion rupees scheduled for auction on Wednesday. "The expectation of a green premium is in line with 'greenium' that issuers have got globally," said one of the two sources. "Green bonds should command a premium because of the mandates to invest in these securities. The RBI will auction 40 billion rupees each of five-year and 10-year green bonds. "It will be advisable to appoint an external auditor with an oversight by CAG (Comptroller and Auditor General) for utilisation of green bond proceeds."

☆ Thinx to pay millions to settle class-action lawsuit alleging its period underwear contained potentially harmful chemicals
▼ + stars: | 2023-01-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

In a class-action lawsuit announced in November, plaintiffs accused Thinx of failing to tell customers their period underwear contained potentially harmful PFAS. The first report of Thinx underwear potentially containing the chemicals was in January 2020, from Sierra Club magazine columnist Jessian Choy. In her column, Choy said she mailed her Thinx underwear to a nuclear professor who discovered PFAS in the crotch of the item. An editor's note attached to Choy's story Friday suggested the class-action suit as a result of Choy's investigation into the toxicity of her own Thinx underwear. Ten years later, period underwear are still a small part of the menstrual care industry although more companies have come forward to compete with Thinx.

☆ 5 tips for using TikTok as a small business owner without it taking up all of your time
▼ + stars: | 2023-01-18 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

TikTok can be a great platform for small business owners to market their products or services. This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. "I thought TikTok was all dancing and for Gen Z," Kim, who launched her business in December 2020, told Insider. Be a regular TikTok userKim said using TikTok regularly is a great way to come up with ideas and spot patterns and trends that you can apply to your own content. "You have to know who your audience on each platform is and talk to that audience," Kim said.

☆ A senior union boss says Elon Musk is a 'perfect recruitment tool' for the trade union movement after the billionaire slashed Twitter's workforce
▼ + stars: | 2023-01-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Elon Musk is a "perfect recruitment tool," for trade unions, a senior UK union boss told Politico. The number of Twitter staff joining one union has increased "tenfold" since Musk took over, Paul Nowak said. Musk has slashed Twitter's workforce and mandated long hours from remaining staff since his October takeover. "Elon Musk is a perfect recruitment tool for the trade union movement," the recently appointed head of Britain's Trade Union Congress, Paul Nowak, told Politico. If staff didn't sign up to his plan by the end of the day on November 17, they would be laid off.

Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. Indian companies raised 127.1 billion rupees and 175.3 billion rupees through public issues in 2020 and 2021 respectively, SEBI data showed. Fundraising through private placement stood at 8 trillion rupees and 6.31 trillion rupees respectively. "I think public issues are rising because the repricing of bank fixed deposits was very gradual, while public issues are realigning to market realities much faster," said Sudhir Agrawal, executive vice president and fixed income fund manager at UTI Mutual Fund.

☆ Fact Check-No evidence to support headline about Agrawal arrest for child porn
▼ + stars: | 2022-12-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Social media users have mistaken as authentic a headline about former Twitter CEO Parag Agrawal, taken from a fictional article that describes itself as satirical. The headline, “Former Twitter CEO Parag Agrawal arrested for child porn,” was shared on social media in a screenshot (here). The headline and photo can be traced to an article published on Dec. 23 by the Vancouver Times website (here). A spokesperson for Vancouver Times also told Reuters via email that the article is satire, and that the Vancouver Times is a satire website. Read more about our work to fact-check social media posts here.

☆ A former exec from Stripe and Uber is 'OK to give up 100x growth' to build a new business that will last
▼ + stars: | 2022-12-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

GajiGesa's Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business. Vidit Agrawal Co-founder, GajiGesa"I'm OK to give up the 100% growth or 100x growth a year if I can build a revenue-based, sustainable business," said Agrawal. Vidit Agrawal Co-founder, GajiGesaThey were already cutting costs for the first two operating years despite having $9 million in the bank, he said. Investors include January Capital, Northstar Group, European earned wage access company Wagestream and Next Billion Ventures.

☆ A lawyer representing 100 ex-Twitter staff says the company's conduct has been 'incredibly egregious' since Elon Musk took over
▼ + stars: | 2022-12-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A lawyer filed demands for arbitration on behalf of 100 Twitter employees who lost their jobs. Since Elon Musk took over, Twitter's conduct has been "incredibly egregious," Shannon Liss-Riordan said. She added that this was just the "first wave" of arbitration demands against the company. She added that this was just the "first wave" of arbitration demands against the company. The next week Musk started laying off staff, with around half of the company's 7,500-strong workforce being cut.

Elon Musk announced that he would step down as the CEO of Twitter. "Should I step down as head of Twitter?," Musk tweeted on Sunday afternoon. The search was already ongoing before Musk's poll on whether he would step down, CNBC reported, citing unnamed sources. Musk's search for a new Twitter CEO comes amid criticisms and concerns from Tesla shareholders and analysts that he is spreading himself too thin. Musk is also the CEO of Tesla, which share price has fallen 61% this year so far.

☆ Twitter has lost its last deputy general counsel as its legal team shrinks, a report says
▼ + stars: | 2022-12-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Twitter deputy general counsel Regina Lima has left the company, Bloomberg Law reported. The social-media platform's legal team, which once stood at close to 200, is now largely depleted. Before Elon Musk took control of Twitter in late October, the company had around 200 staff on its legal team, according to Bloomberg Law. Twitter's legal team was shaken up as soon as Musk's purchase of Twitter went through. After Gadde and Edgett's terminations, James Baker, a former FBI general counsel, was the company's most senior lawyer.

☆ A private jet company is suing Elon Musk's Twitter, alleging it's trying to dodge a nearly $200,000 bill
▼ + stars: | 2022-12-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

A private jet company sued Twitter, alleging breach of contract and failure to pay for two flights. The flights were "urgent" and authorized ahead of Elon Musk's takeover, the lawsuit said. The publication was the first to report on PJS' lawsuit against Twitter, which was filed in the US District Court of New Hampshire. The private jet company later sent Twitter a bill for the two flights in early November, but alleges Twitter never paid. PJS said Twitter breached its contract by refusing to pay "under circumstances that make it reasonable for PJS to expect payment."

☆ Elon Musk told ex-Twitter CEO Jack Dorsey 'almost no one was working on child safety' when he took over
▼ + stars: | 2022-12-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk tweeted it was a "crime" child safety wasn't prioritized at Twitter before he took over. Former Twitter CEO Jack Dorsey responded via Twitter that Musk's claim was "false". Musk doubled down and added it was his "top priority" with new trust and safety chief Ella Erwin. Dorsey responded that Musk's claim was "false." Musk contradicted Dorsey and said: "When Ella Irwin, who now runs Trust & Safety, joined Twitter earlier this year, almost no one was working on child safety."

☆ Elon Musk says 'controversial decisions' at Twitter were often made without Jack Dorsey's approval
▼ + stars: | 2022-12-09 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Elon Musk said "controversial decisions" at Twitter were often made without Jack Dorsey's approval. While CEO of Twitter, Dorsey was "unaware of systemic bias" at the company, Musk said. Musk's comments came after part two of the so-called Twitter Files were published Thursday. Responding to Weiss' tweet, and appearing to back Dorsey, Musk said: "Controversial decisions were often made without getting Jack's approval and he was unaware of systemic bias. Dorsey hasn't responded to the Twitter Files' claims but he told Musk on Wednesday to "just release everything without a filter."

☆ Hundreds of people are applying for a chance to work at Elon Musk's 'hardcore' Twitter 2.0 — even after the billionaire laid off half the company's workforce
▼ + stars: | 2022-12-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Hundreds of people have applied to Twitter job postings on LinkedIn. Musk laid off about 50% of Twitter's workforce in November and has asked remaining staff to work "hardcore." Just last month, Elon Musk laid off thousands — about half of the company's workforce — and over 2,000 more employees quit. The new job postings come only a few weeks after thousands of employees left the company. Twitter employees might also be able to benefit from stock in the company.

☆ Meta considered building a Twitter competitor to capitalize on Elon Musk's 'crisis' at company, report says: 'LET'S GO FOR THEIR BREAD AND BUTTER'
▼ + stars: | 2022-12-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Meta brainstormed how to build a Twitter competitor as Elon Musk took over the platform, NYT reports. Since, Elon Musk took over Twitter the company has lost advertisers and around half its staff. "Twitter is in crisis and Meta needs its mojo back," one Meta employee wrote in a post, per The Times. Since the richest man in the world took Twitter private in October there's been a large amount of uncertainty regarding the company's future. Without major advertisers, Twitter could flounder as ads accounted for about 90% of Twitter's revenue last year.

☆ Elon Musk confirmed the firing of Twitter deputy general counsel James Baker for allegedly interfering in the publication of the Twitter Files
▼ + stars: | 2022-12-06 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Elon Musk confirmed the firing of another high-ranking Twitter official: deputy general counsel James Baker. Musk accused Baker of possibly playing a role in suppressing "information important to the public dialogue." Matt Taibbi, who tweeted Friday's "Twitter Files" thread, accused Baker of secretly vetting the files. Taibbi has promised to reveal additional "Twitter Files" material in conjunction with journalist Bari Weiss, a former op-ed writer for The New York Times. Baker's firing comes a little more than one month since Musk took over as the new owner of Twitter.

☆ Twitter's former C-suite received $200 million in combined stock payouts after Elon Musk fired them
▼ + stars: | 2022-12-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

CEO Elon Musk quickly fired Twitter executives upon taking over the company in October. The Twitter executives who were immediately fired when Elon Musk took over the company walked away with much larger bank accounts. He walked away from Twitter with a total of $63 million in converted stock. Gadde held just over 1 million shares in common stock when she was fired, having worked there for more than 11 years, which converted to $59.5 million. Gadde walked away from Twitter with the most money, seeing all of her converted stock total $72 million.

☆ Elon Musk says Twitter is recruiting just weeks after laying off half the company's staff
▼ + stars: | 2022-11-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Elon Musk shared slides from a Twitter company presentation online. Since Musk bought Twitter, its workforce has shrunk by around three quarters through layoffs, resignations, and firings. The next week Musk started laying off staff, with around half of the company's workforce being cut. But two days later, on Wednesday night, several dozen more Twitter workers – mostly engineers – were fired for performance reasons. The slide from Musk's presentation to company staff doesn't say which roles the company is hiring for.

☆ A look back at Elon Musk's chaotic first month at Twitter
▼ + stars: | 2022-11-27 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

CNN —Sunday officially marks one month since the world’s richest man took the helm at Twitter. After spending months embroiled in an unsuccessful legal battle to get out of his initial proposal to buy Twitter, Musk made his first splashy entrance into the company’s offices on Oct. 26, carrying a sink. (In a video of the incident shared on Twitter, he wrote: “Entering Twitter HQ – let that sink in!) In another dramatic move by the new boss, Musk publicly fired a software engineer who had survived the initial round of cuts, but who then questioned Musk on Twitter. Musk goes onto to grant ‘amnesty’ to most previously banned accountsAfter conducting yet another Twitter poll, Musk said on Nov. 24 that he will begin restoring most previously banned accounts on Twitter starting next week.

☆ Elon Musk's 2-year-old son ran around Twitter's office and played with toys while his dad talked to advisors about moderation, report says
▼ + stars: | 2022-11-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Elon Musk's son X Æ a-Xii was present during Twitter meetings after the purchase went through, WaPo reported. Two-year-old X Æ a-Xii, Musk's first child with Grimes, ran round while he met with Yoel Roth, per WaPo. The Post reported that toys were scattered round the room and X Æ a-Xii ran around. X Æ a-Xii may have been at Twitter's HQ to attend the office Halloween party that day, where some staff brought their children. X Æ a-Xii, who he had with his musician and ex-partner Grimes, was Musk's seventh child.

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