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The Latest Breaking News from Elon Musk

Twitter layoffs raise questions about future of infrastructure and moderation

With advertisers cutting ties and pressure to pay back loans worth $13bn, the new direction for revenue has come under questioning

The Guardian - US

How Much Did Tesla Earn Per Car Delivered In Q3 2022?

Year over year, Tesla more than doubled its net income in the third quarter, and Elon Musk thinks the company could someday outpace the world’s largest companies.

InsideEVs

What's Next For The Market After Aggressive Fed Rate Hike, Hot Jobs Report?

The SPDR S&P 500 ETF Trust (NYSE: SPY) lost 2.65% this week in the opening days of November after the Dow Jones Industrial Average gained 14% in October, its best month since 1976.

Benzinga

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Twitter adds fact-check to Musk tweet

Days after his takeover, Musk is complaining that the company faces a “massive drop in revenue”

Salon

Elon Musk sacks thousands of Twitter staff in worldwide cull compared to brutal P&O cuts

An estimated 3,700 Twitter employees across the globe have been laid off by billionaire Elon Musk days after his £38billion takeover, with staff waking to find laptops wiped and their passes blocked

Daily Mirror

How will Elon Musk juggle running Twitter with his interests in China?

Critics of the Chinese government are worried that Beijing will use Elon Musk's interests in China as leverage to have their voices silenced on Twitter.

ABC News

Micheal Martin takes aim at Elon Musk over plan to lay off Irish Twitter workers

Following the billionaire’s takeover of the social media company, it was announced that hundreds of jobs around the world would be cut. Some 500 people are employed in Twitter’s Dublin office.

Irish Mirror

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Twitter spent years building its staff. Under Musk, half may lose their jobs within days

Hiring is challenging for every industry, but especially tech.

Los Angeles Times

Is The Dogecoin Slump Just A 'Blip' Before A Rally? Here's What Experts Say

Benzinga

Amber Heard’s Twitter account vanishes days after takeover by her ex Elon Musk

The Tesla founder and Amber Heard dated for about a year before calling it quits at the beginning of 2018

The Independent UK

Thousands of Twitter employees sacked by Elon Musk 'by email' or 'being logged out'

The Tesla founder took over the social media platform just one week ago and is already making a number of controversial changes

Liverpool Echo

Twitter suffers "massive drop in revenue," Elon Musk says

Advertisers were worried about how Musk would handle content moderation after taking over the platform.

Axios

Twitter slashes nearly half its workforce as Musk admits ‘massive drop’ in revenue

Claims that the social media platform’s entire curation team was dismissed prompts fears content could become ‘more toxic’

The Guardian - US

Musk's Twitter faces lawsuit, ad exodus

Lawsuit says Musk violated California labor law by firing thousands of workers without advance notice

Salon

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Birmingham Post

Employment lawyer blasts mass sackings at Twitter after Elon Musk's takeover

Mr Richardson said the move is 'another example of a laissez-faire approach to HR which can seriously harm employee morale and brand reputation'

Evening Standard

Elon Musk decries ‘massive drop in revenue’ as advertisers withdraw from Twitter

The dip in advertising is a blow to Musk’s ambitions to ramp up revenues at the firm

Bangkok Post

Twitter mass layoffs begin as Musk slashes costs

SAN FRANCISCO: Thousands of Twitter employees were ordered to stay home on Friday to await a bracing round of layoffs that could see half of the payroll axed as new owner Elon Musk launches his major overhaul of the company.

The Independent UK

Elon Musk jokingly responds to AOC’s claim he’s sabotaging her Twitter account: ‘Naked abuse of power’

‘This is what my app has looked like ever since my tweet upset you yesterday,’ tweeted the irritated congresswoman earlier this week

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Axios

Twitter sued over Elon Musk's layoff plan

The lawsuit alleges that Twitter violated federal and state laws that require at least 60-day notice of a mass layoff.

Evening Standard

From David Sacks to Jason Calacanis - here are the key players inside Elon Musk’s inner circle

Reports of Elon Musk plotting with an ‘inner circle’ over plans for Twitter have been circulating for days. Maddy Mussen finds out who those people actually are

Reason

Alexandria Ocasio-Cortez Claims Elon Musk Is Targeting Her Twitter Account

Plus: Congress remains too cautious about marijuana, myths about independent contractors, and more...

Tribune News Service

Layoffs, lawsuits begin after Musk takes helm

Twitter Inc. employees around the world began getting notifications that they were locked out of their work accounts, a week after billionaire Elon Musk took over the company promising sweeping changes.

Tribune News Service

Twitter’s deep job cuts begin; Musk decries ‘massive’ sales drop

As people frantically refreshed their work and personal accounts to learn their fate, new owner Elon Musk sought to defend his decision to terminate thousands of jobs. He said the company had experienced a “massive drop in revenue” due to a flight of advertisers from the social network.

Tribune News Service

Twitter’s deep job cuts begin; Musk decries ‘massive’ sales drop

The emails started arriving in Twitter Inc. employees’ personal inboxes in the early morning hours Friday: “Today is your last working day at the company,” the message read.

WEKU

Twitter layoffs begin, sparking a lawsuit and backlash

New owner Elon Musk moved swiftly to fire thousands, saying "unfortunately there is no choice" when Twitter is bleeding money. Critics called for an ad boycott.

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Alexandria OcasioCortez

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