Three top executives of Twitter fired by new owner Elon Musk stand to receive separation payouts totaling some $122 million (nearly Rs. 1,000 crore), 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…
Former Congress president Rahul Gandhi hoped on Friday that Twitter would now act against hate speech, check facts more robustly and not stifle the voice of the opposition in India, soon after billionaire Elon Musk took over the social media giant and fired four of its top executives. Gandhi’s Twitter…
Elon Musk has said that he intends to replace Parag Agrawal as CEO of the social media platform and also intends to reverse the permanent ban on users, according to a Bloomberg report. Agrawal was fired along with other major executives upon completion of the takeover, Bloomberg reported on Friday,…
Elon Musk became Twitter’s 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. The CEO of electric car maker Tesla has said he wants to “defeat” spam bots on Twitter, make the…
The government plans to set up appellate committees to redress grievances that users may have against the way social media platforms initially addressed their complaints regarding content and other issues, officials said. While tech giant Meta (which owns Facebook and WhatsApp) and microblogging site Twitter have been pushing for a…
Elon Musk has notified co-investors who committed to help fund his $44 billion (roughly Rs. 3.6 lakh crore) acquisition of Twitter that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the matter. Equity investors, including Sequoia Capital, Binance, Qatar…
The banks providing $13 billion (roughly Rs. 1,07,300 crore) in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning…
PayPal Holdings said it has no intention of fining customers for spreading misinformation, after attracting criticism for publishing a new user agreement outlining such a plan. The issue gained traction over the weekend after the company published policy updates prohibiting users from using the PayPal service for activities identified by…
Elon Musk said that “neo-Marxists” who have taken over elite schools and liberal universities are to blame for the fact that his 18-year-old daughter wants nothing to do with her uber-wealthy dad. “It’s full-on communism . . . and a general sentiment that if you’re rich, you’re evil,” Musk told the Financial Times on…
Apollo Global Management and Sixth Street Partners, which were looking to provide financing to Elon Musk earlier this year for his proposed $44 billion (roughly Rs. 3,60,300 crore) buyout of Twitter, are no longer in talks with the billionaire entrepreneur, according to two sources familiar with the matter. Earlier this year,…
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