Page 112 - Elon Musk

Elon Musk touches on Twitter criticism, workload at G-20 business forum

It's not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate his entrepreneurial success. Be careful what you wish for, Musk told a business forum in Bali on Monday when asked what an up-and-coming Elon Musk of the East should focus on. I'm not sure how many people would actually like to be me. They would like to be what they imagine being me, which is not the same, he continued. I mean, the amount that I torture myself, is the next level, frankly. Musk was speaking at the B-20 business forum ahead of a summit of the Group of 20 leading economies taking place on the Indonesian resort island. He joined the conference by video link weeks after completing his heavily scrutinised takeover of Twitter. He had been expected to attend the event in person, but Indonesian government minister Luhut Binsar Pandjaitan, who's responsible for coordinating preparations for the summit, said Mus

Fix your companies or Congress will: US Senator Markey warns Elon Musk

US Senator Ed Markey has warned Elon Musk for mocking him on Twitter, telling him to "fix your companies, or Congress will".

Outsourced content moderators sacked in fresh job cuts at Musk's Twitter

Twitter's new owner Elon Musk is further gutting the teams that battle misinformation on the social media platform as outsourced moderators learned over the weekend they were out of a job. Twitter and other big social media firms have relied heavily on contractors to track hate and enforce rules against harmful content. But many of those content watchdogs have now headed out the door, first when Twitter fired much of its full-time workforce by email on Nov. 4 and now as it moves to eliminate an untold number of contract jobs. Melissa Ingle, who worked at Twitter as a contractor for more than a year, was one of a number of contractors who said they were terminated Saturday. She said she's concerned that there's going to be an increase in abuse on Twitter with the number of workers leaving. I love the platform and I really enjoyed working at the company and trying to make it better. And I'm just really fearful of what's going to slip through the cracks, she said Sunday. Ingle, a dat

Twitter to enable organisations to identify their associated accounts: Musk

"Rolling out soon," Musk in a tweet on Sunday said. "Twitter will enable organizations to identify which other Twitter accounts are actually associated with them."

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Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak

Business Standard brings you the top headlines this hour

Twitter Blue 'probably' coming back end of next week, Musk says

Twitter Blue will probably "come back end of next week", billionaire owner Elon Musk said in a tweet on Saturday.

Twitter drama too much? Mastodon, clubhouse, and others emerge as options

Twitter has been a bit of a mess since billionaire Tesla CEO Elon Musk took the helm, cutting the company's workforce in half, upending the platform's verification system, sparring with users over jokes and acknowledging that dumb things might happen as he reshapes one of the world's most high-profile information ecosystems. On Thursday, amid an exodus of senior executives responsible for data privacy, cybersecurity and complying with regulations, he warned the company's remaining employees that Twitter might not survive if it can't find a way to bring in at least half its revenue from subscriptions. While it's not clear if the drama is causing many users to leave - in fact, having a front-row seat to the chaos may prove entertaining to some - lesser-known sites Mastodon and even Tumblr are emerging as new (or renewed) alternatives. Here's a look at some of them. (Oh, and if you are leaving Twitter and want to preserve your tweet history, you can download it by going to your profi

Musk hits out at mainstream media, hails citizen journalism on Twitter

'Mainstream media will still thrive, but increased competition from citizens will cause them to be more accurate, as their oligopoly on information is disrupted'

Top headlines: Twitter blue check chaos, G20 Delhi summit, and more

Business Standard brings you the top headlines this hour

Here's what led Elon Musk to talk of bankruptcy for Twitter: Timeline

With $1.2 billion of annual interest payments from the acquisition coming due, and possibly higher with rising interest rates, Musk is in a rush to shore up cash

World's biggest democracies sound warning on Twitter blue checks

From India to Brazil and the US, officials are warning of a proliferation in fake accounts, with some saying the new system in which a blue check mark can be bought for $7.99 a month is ripe for abuse

Twitter pauses $8 subscription plan after fake accounts proliferate

Twitter Inc. suspended the $8 subscription program it launched earlier this week to combat a growing problem of users impersonating major brands, a person familiar with the move said

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

Twitter's hectic overhaul under Musk puts world's regulators on alert

In a rare intervention on Thursday, the US Federal Trade Commission said that it was tracking developments with "deep concern" and said that "no CEO or company is above the law"

Pandemic boom to season of layoffs: How big tech and startups got it wrong

It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity

Twitter's gray 'official' labels return for some prominent accounts

Twitter is once again adding gray official labels to some prominent accounts. The company, in its second chaotic week after billionaire Elon Musk took over, had rolled out the labels earlier this week, only to kill them a few hours later. But on Thursday night they were back again, at least for some accounts including Twitter's own, as well as big companies like Amazon, Nike and Coca-Cola. Some media companies, such as The New York Times and The New Yorker also had the labels as of 9 pm Pacific time, while others, like The Wall Street Journal and The Los Angeles Times, did not. Celebrities, some of whom have been impersonated this week since Musk began overhauling Twitter's blue check verification system, also did not appear to be getting the official label. Twitter began offering a subscription service this week that for USD 8 a month gets anyone who wants without actual verification the blue check mark that previously was given to prominent accounts to prevent impersonation.

Tweets with racial slurs on rise since Elon Musk's Twitter takeover

Instances of racial slurs have soared on Twitter since Elon Musk purchased the influential platform, despite assurances from the platform that it had reduced hateful activity, a digital civil rights group reported on Thursday. Researchers at the Centre for Countering Digital Hate found that the number of tweets containing one of several different racial slurs soared in the week after Musk bought Twitter. A racial epithet used to attack Black people was found more than 26,000 times, three times the average for 2022. Use of a slur that targets trans people increased 53 per cent, while instances of an offensive term for homosexual men went up 39 per cent over the yearly average. Examples of offensive terms used to target Jews and Hispanics also increased. All told, the researchers looked at nearly 80,000 English-language tweets and retweets from around the world that contained one of the offensive terms they searched for. The figures show that despite claims from Twitter's Head of Tr

Twitter Blue 'verification' rolled out in India, to cost Rs 719 per month

On November 1, Musk said that the subscription pack would be 'adjusted by country proportionate to purchasing power parity'

I will remove all legacy blue badges in coming months, says Elon Musk

The new Twitter CEO also said that going forward, accounts engaged in parody must include 'parody' in their name, not just in bio