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☆ What people are saying about Elon Musk's purchase of Twitter
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

Oct 28 (Reuters) - U.S. billionaire Elon Musk became Twitter Inc's (TWTR.N) owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. BIZ STONE, CO-FOUNDER, TWITTER:"Thank you to @paraga, @vijaya and @nedsegal for the collective contribution to Twitter. Massive talents, all, and beautiful humans each!," Stone said in a Tweet, referring to sacked Twitter executives Parag Agrawal, Vijaya Gadde and Ned Segal. CHANGPENG ZHAO, FOUNDER, CEO, BINANCE, CO-INVESTOR IN MUSK'S TWITTER DEAL"We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology."

☆ Elon Musk's first move as Twitter's new owner has been to fire at least 4 top executives, including CEO Parag Agrawal
▼ + stars: | 2022-10-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk fired at least four top Twitter executives after becoming the platform's new owner. The execs include CEO Parag Agrawal, COO Ned Segal, legal and policy head Vijaya Gadde, and general counsel Sean Edgett. The executives fired include CEO Parag Agrawal, chief financial officer Ned Segal, top legal and policy executive Vijaya Gadde, and general counsel Sean Edgett. At least one of the fired executives was seen escorted out of Twitter's San Francisco headquarters, per the sources. The same evening, Musk also ousted CEO Parag Agrawal and CFO Ned Segal, sources previously told Insider.

[Editor's note: After CNBC published details of an interview with people who claimed to be fired employees of Twitter, several reports emerged suggesting it was a hoax. On Elon Musk's first day in control of Twitter , a person who walked out of the company's San Francisco headquarters and identified themselves as a data engineer there said they were just laid off. One employee at Twitter, awaiting information about layoffs or projects, told CNBC they were in the dark for the most part. Twitter has denied that and went to court to try to get Musk to complete the deal. The judge gave Musk until Friday at 5 p.m. to close the deal, or else set a new trial date.

☆ Advertisers plan to boycott Twitter if Elon Musk lets Donald Trump start tweeting again, report says
▼ + stars: | 2022-10-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk's takeover means Donald Trump could now return to Twitter. Some advertisers plan to pause their spending if that happens, The Wall Street Journal reported. Advertisers are now weighing in as concerns over former President Donald Trump being reinstated grow. "That doesn't mean that we won't be entertaining lots of emails and phone calls as soon as a transaction goes through," Taylor told the Journal. Musk has called Twitter's Trump ban a "morally bad decision" and "foolish in the extreme."

New York CNN Business —Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night. But Musk’s takeover now raises a host of new questions for the future of the social media platform, and the many corners of society impacted by it. Despite multiple news outlets confirming the changes Thursday night, Twitter staff had still not formally been informed of the changes as of Friday morning, two Twitter employees told CNN. Now he controls a social media platform that shapes how hundreds of millions of people communicate and get their news.

☆ 'Golden parachutes' for fired Twitter executives worth $122 million, research firm says
▼ + stars: | 2022-10-28 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

Oct 28 (Reuters) - Three top executives of Twitter Inc fired by new owner Elon Musk stand to receive separation payouts totaling some $122 million, research firm Equilar said on Friday. Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter. In an email to Reuters, Equilar, known for its research on executive compensation, valued Agrawal's so-called "golden parachute" at $57.4 million, while Segal's was $44.5 million and Gadde's was $20 million. His total compensation for 2021 was $30.4 million, according to a Twitter securities filing, largely in stock awards. Equilar director of research Courtney Yu said the fired Twitter executives "should be getting these payments unless Elon Musk had cause for termination, with cause in these cases usually being that they broke the law or violated company policy."

☆ As Elon Musk takes over Twitter, free speech limits tested
▼ + stars: | 2022-10-28 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

The pressure is mounting on Musk and Twitter as he is set to address the Twitter staff on Friday after closing the deal. Fewer that 10% of 266 Twitter employees who participated in a poll on messaging app Blind expected to still have their jobs in three months. Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter. Twitter, Musk and the executives did not immediately respond to requests for comment. As news of the deal spread, some Twitter users were quick to flag their willingness to walk away.

☆ Sometimes it pays to get fired. Twitter's top executives stand to make a total of $88 million between them if Elon Musk ousts them. Here's the payday for each executive.
▼ + stars: | 2022-10-28 | by ( Kali Hays | ) www.businessinsider.com time to read: +2 min

Elon Musk is expected to make significant changes to Twitter's ranks, and layoffs are likely. Each will receive a large payday should they be fired by Musk. Getting fired by Musk will likely give the executives some of the largest payouts they've ever seen. Ned Segal, Twitter's chief financial officer, is set to receive a $25.4 million payout for getting fired. In the months between Musk taking a large investor stake in the company and becoming its new owner, Twitter's executives have remained largely silent in public.

☆ Elon Musk is now officially Twitter's new owner, ending months of costly litigation
▼ + stars: | 2022-10-28 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com time to read: +3 min

Twitter and Musk fought for months over his attempt to back out of the acquisition. A Delaware judge gave the two parties an October 28 deadline to come to a deal outside of court. Musk made a U-turn on the offer in October, after spending months trying to pull out of the agreement. Representatives for Twitter and Musk did not immediately respond to Insider's request for comment. Twitter promptly sued him in Delaware Court of Chancer.

☆ Fired Twitter CFO, who's getting a $25.4 million golden parachute, says 'the past 6 months have pulled on every mental muscle I've developed in 48 years'
▼ + stars: | 2022-10-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Former Twitter CFO Ned Segal said the past 6 months have "pulled on every mental muscle." The executive was ousted on Thursday, but is set to walk away with a $25.4 million golden parachute. In a thread on Twitter, Segal said his time at the company was "the most fulfilling" of his career. "The past 6 months have pulled on every mental muscle I've developed in 48 years," Segal said. The executives are set to walk away from the company with millions thanks to golden parachute provisions.

☆ One of the Twitter execs Elon Musk just fired had a key role in getting Trump banned from the platform in January 2021
▼ + stars: | 2022-10-28 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Vijaya Gadde, a top Twitter legal and policy executive, was fired by Elon Musk on Thursday. In May, Musk said he would let Trump back on Twitter, calling the decision to ban him "morally bad." The other executives Musk fired on Thursday include Twitter's CEO, Parag Agrawal, chief financial officer Ned Segal, and general counsel Sean Edgett. It's unclear if Musk fired Gadde because of her role in the decision to ban Trump. Musk said in May that he would reverse Twitter's Trump ban, saying that booting Trump off Twitter was a "morally bad decision" and "foolish in the extreme."

☆ Elon Musk will have to pay three fired Twitter executives nearly $200 million
▼ + stars: | 2022-10-28 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN Business —The three top Twitter executives whom Elon Musk fired Thursday will walk out the door with about $187 million of Musk’s money. Fired Twitter executives Ned Segal, left, Parag Agrawal, center, and Vijaya Gadda, right, leave the company with $187 million of Elon Musk's money. That includes a year’s base pay – $1 million for Agrawal and $600,000 each for Segal and Gadde. That will end up being worth $56.4 million for Agrawal, $43.8 million for Segal and $19.4 million for Gadde. Agrawal and Segal get the accelerated vesting of all of their shares while Gadde gets accelerated vesting of only half of her shares.

☆ Elon Musk completes $44 bln acquisition of Twitter
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: 1 min

Oct 27 (Reuters) - Elon Musk completed his $44 billion acquisition of Twitter Inc (TWTR.N) late on Thursday and his first move was to fire the social media company's top leadership which he accused of misleading him over the number of spam accounts on the platform. Musk terminated Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde, according to people familiar with the matter. Agrawal and Segal were in Twitter's San Francisco headquarters when the deal closed and were escorted out, the sources added. Twitter, Musk and the executives did not immediately respond to requests for comment. Reporting by Greg Roumeliotis in New York; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk Buys Twitter, Fires CEO and CFO
▼ + stars: | 2022-10-27 | by ( Lauren Thomas | Alexa Corse | ) www.wsj.com time to read: 1 min

Elon Musk completed his takeover of Twitter Inc. Thursday, according to people familiar with the matter, capping an unusual corporate takeover battle and setting up one of the world’s most influential social-media platforms for potentially sweeping change. Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after the deal closed, the people said. Spokespeople for Twitter didn’t comment.

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. Tesla CEO Elon Musk is now in charge of Twitter , CNBC has learned. Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company's San Francisco headquarters and will not be returning, sources said. A Delaware Chancery Court judge eventually ruled that Musk had until Oct. 28 to cement the Twitter deal or head to trial. Musk arrived at the Twitter headquarters earlier this week carrying a sink, and documented the event on Twitter, saying "Entering Twitter HQ – let that sink in!"

☆ As Elon Musk's Twitter deal prepares to close, insiders expect 'chaos' as he burns the company to the ground and rebuilds it as a 'super app'
▼ + stars: | 2022-10-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

"No one knows who or how this thing is running post-close," one person familiar with the deal said. "No one knows who or how this thing is running post-close," another person familiar with the company and transaction said. "I do not take actions which are disruptive to the health of the company," Musk said during the meeting. Even though Musk likely does need some executives to stay, members of the C-suite have little incentive to do so. To bring so many new features to Twitter, Musk would likely need more than 2,000 people to do it.

☆ Texas regulators have their eyes on one of the most powerful players in the crypto world
▼ + stars: | 2022-10-20 | by ( Jon Sarlin | ) edition.cnn.com time to read: +7 min

CNN Business —The big news in crypto this week came via a court filing in Texas. FTX, the crypto giant that is led by arguably the most powerful person in the industry, is under investigation by Texas regulators for selling unregistered securities. FDIC, OCC, SEC, DOL, FBI, US Treasury and IRS have all stepped up their crypto enforcement efforts. The crypto lawyer I spoke with told me that those who prefer the CFTC over the SEC fall into two camps. I interviewed Saylor last year for CNN’s crypto interactive (“The Bitcoin Billionaire” is what we dubbed him).

☆ Argentina to give workers income tax relief from November
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Oct 16 (Reuters) - Argentina's Economy Minister Sergio Massa said on Sunday the government will give workers tax relief from November by raising the threshold at which income tax is charged, as the country battles with soaring inflation. "It will take effect from Nov. 1, it will be above 330,000 pesos ($2,176)," Massa said in an interview with Radio Rivadavia, referring to monthly income. The move should help alleviate the burden faced by workers, he added. "We've been working with companies of mass consumption," said Massa, saying the plan was to implement a broader and longer price program than the current one. ($1 = 151.6700 Argentine pesos)Register now for FREE unlimited access to Reuters.com RegisterReporting by Lucila Segal, editing by Deepa Babington and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Meet 38 members of the 'Shopify Mafia' who embraced the e-commerce giant's entrepreneurial spirit and launched their own companies
▼ + stars: | 2022-09-30 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

Here are some of the most notable companies founded by former Shopify employees. Shopify also encourages employees to start their own Shopify stores. Even the company's president, Harley Finkelstein, runs his own Shopify store, Firebelly Tea, which he cofounded with the DavidsTea creator David Segal in 2021. "We have long said that Shopify is a company for entrepreneurs, built by entrepreneurs," a Shopify spokesperson told Insider. Meet some of the most notable entrepreneurs in the bunch, and learn about the startups they've worked on since leaving Shopify:

☆ Shopify's new guard: Meet the 11 people leading the company after rampant turnover wiped out most of its C-suite
▼ + stars: | 2022-09-28 | by ( Madeline Stone | ) www.businessinsider.com time to read: +11 min

Here are the people leading the e-commerce company through its next phase. Leinwand was previously senior vice president of engineering at Slack, and before that he was CTO at ServiceNow. Tia Silas, chief talent officerTia Silas, Shopify's chief talent officer. John Asante, chief information-security officerJohn Asante, Shopify's chief information-security officer. Bobby Morrison, chief revenue officerMorrison joined Shopify as chief revenue officer — a new role for Shopify, reporting to the COO — in August.

A decade-old scandal at a Massachusetts crime lab — which led authorities to dismiss tens of thousands of drug convictions — may involve wrongdoing by more people than was previously known, according to a recent court order. At least one person was referred to the state attorney general’s office in 2015 for potential prosecution, Judge John T. Lu wrote last week. The ruling stokes lingering doubts about statements by the state inspector general’s office over the past eight years that Dookhan was the “sole bad actor” at the Hinton lab. Bizuayehu Tesfaye / APDookhan’s misconduct at the Hinton lab was exposed in 2012, after she had worked there for nearly a decade. A spokesman for the inspector general’s office declined to comment, citing ongoing litigation.

Curtis Ried, a career foreign service officer and veteran of the National Security staff for two presidents, has been named as the NSC’s new chief of staff, officials tell NBC News. He has traveled regularly with President Biden at home and abroad, another key factor in his selection. Ried in particular played a key role in working with the United Nations and rebuilding the refugee admissions program. That number doesn’t include so-called DNC “fellows” and other part time staff who are engaged in some of the key party efforts, especially voter registration. Obama has already done fundraisers for the National Democratic Redistricting Committee (August 30 in Martha’s Vineyard) and the Democratic Senatorial Campaign Committee (Sept. 8 in New York).

☆ A bad reputation can cost you jobs and promotions. You need to find out what people really think — before it's too late.
▼ + stars: | 2022-03-29 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Having a reputation for being hard to work with for any reason can limit new opportunities. In their desperation to hire, but feeling burned by recent quits, many companies are turning to reputation as the deciding factor. "And because people tend to remember and encode negative information much more than positive, a bad reputation follows you around," West said. filadendron/GettyLearn what your colleagues really thinkSo how do you find out what other people really think of you? If you're too shy to outright ask for feedback from former colleagues, Broadus suggested soliciting them through an anonymous survey.

☆ (foto) Câțiva copii din lume au pozat alături de meniul lor săptămânal de alimentație. Cele mai sănătoase dintre ele provin din culturi cu venituri reduse
▼ + stars: | 2021-04-08 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

(foto) Câțiva copii din lume au pozat alături de meniul lor săptămânal de alimentație. Cele mai sănătoase dintre ele provin din culturi cu venituri reduseObiceiurile alimentare depind de cultura, educația și situația financiară în care cresc copiii. Odată cu creșterea obezității infantile și a globalizării, omogenizând nutriția, fotograful Gregg Segal și-a propus să surprindă cum arată un meniu de o săptămână a copiilor din lume. Opera lui Segal este, de asemenea, un comentariu interesant asupra economiei globale și a modului în care aceasta afectează obiceiurile alimentare. De fapt, unele dintre cele mai sănătoase diete din lume provin din culturi cu venituri reduse, unde accentul este pus pe fructele proaspete, legumele, nucile și carnea, unde mâncărurile procesate sunt obiecte de lux.

Persons: Gregg Segal, Segal Organizations: Daily Locations: Los Angeles, Kuala Lumpur, Statele Unite

☆ Peste jumătate din populația Israelului a fost vaccinată împotriva COVID-19 cu ambele doze
▼ + stars: | 2021-03-26 | by ( Diana Severin | ) www.zdg.md time to read: +1 min

Distribuirea vaccinului Pfizer Inc în Israel a început în decembrie 2020, cu eligibilitate extinsă la cetăţenii şi rezidenţii de peste 16 ani. Israelul a început să faciliteze blocarea la nivel național la sfârșitul lunii februarie. Majoritatea afacerilor și școlilor, precum și a aeroporturilor, și-au reluat treptat activitatea – cu limite de capacitate. Directorul general al Ministerului Sănătății, Hezi Levi, a declarat pentru Reuters că toți israelienii eligibili ar putea fi vaccinați complet până la sfârșitul lunii mai. Dar unii oficiali estimează în mod privat că 10% din populația eligibilă nu intenționează să se vaccineze.

Persons: Reuters, Segal, Hezi Levi Organizations: Pass, Ministerului Sănătății, Israelul, Weizmann Locations: Israel

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