iab-social networks

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

CNN — Elon Musk, CEO of Twitter and Tesla, with House Speaker Kevin McCarthy and Democratic Leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on …

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DOJ sues Google for its dominance in the online advertising market

CNN — The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance in the online advertising market and calling for its dissolution. The decision marks the Biden administration’s first successful antitrust case against a Big Tech company. The eight states joining the lawsuit are California, Colorado, …

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Fired Twitter workers can’t pursue claims via class action, judge says

Twitter (TWTR) has won a ruling allowing the social media company to force several terminated workers pursuing their dismissal to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing the company of failing …

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Elon Musk has lost a bigger fortune than anyone in history

New York CNN — Elon Musk’s wealth destruction has become historic. The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, well enough for second place on the world’s richest list behind LVMH (LVMHF) chairman Bernard Arnault. But at his peak in November 2021, Musk’s net worth …

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Elon Musk’s Twitter Obsession Isn’t the Main Reason for Tesla’s Stock Drop

New York CNN — A popular misconception has emerged about Elon Musk and Tesla: The mega-billionaire’s love affair with Twitter is the main reason why Tesla shares have lost so much value this year. But Tesla’s strong stock selloff this week proved that Musk’s automaker’s problems go far beyond Twitter. Even though Musk signals he …

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Twitter layoffs continue under Elon Musk

CNN — Other Twitter employees were laid off Thursday as part of ongoing layoffs under new owner Elon Musk, including public policy and media and entertainment teams, according to tweets from affected employees. As part of Thursday’s layoffs, members of Twitter’s public policy team who remained after last month’s massive layoffs were again roughly halved …

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Elon Musk says he will step down as Twitter CEO – once he finds a replacement

CNN — Twitter owner Elon Musk confirmed on Tuesday night that he would step down as CEO of the company, but only when he identifies a successor, speaking directly for the first time to a Twitter poll he created this week in which millions of users voted to oust him. in s TweeterMusk said he …

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Twitter suspends account that tracked Musk’s private jet, despite billionaire’s ‘free speech’ promise

CNN — On Wednesday, Twitter permanently suspended an account that tracked the location of Elon Musk’s private jet, although the owner of the social media company promised last month: “My commitment to free speech goes even further. not to ban the account that follows my plane, even if it is a direct link personal security …

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