By Clare Duffy, CNN Business On October 27, the same day Elon Musk completed his $44 billion deal to buy Twitter, the company’s chief customer officer, Sarah Personette, tweeted that she “had a great discussion” with the social network’s new owner. The next day, Personette resigned. In less than a week since Musk acquired Twitter,
Continue ReadingBy Clare Duffy, CNN Business Elon Musk indicated on Wednesday that the Twitter account of former President Donald Trump will not be restored ahead of the US midterm elections next week, answering one of the biggest unknowns following his takeover of the social media company. Musk confirmed early Wednesday morning that “Twitter will not allow
Continue ReadingBy Clare Duffy, CNN Business Twitter co-founder and former CEO Jack Dorsey stepped down from the company’s board earlier this year, but he’s staying involved with the social platform following its takeover by Elon Musk. Dorsey rolled over his more than 18 million shares in Twitter (a roughly 2.4% stake) into the new Musk-owned company
Continue ReadingBy Jennifer Korn After facing criticism for his plan to charge Twitter users $19.99 a month to get or keep a verified account, Elon Musk has a counteroffer. Musk on Tuesday said he planned to charge $8 a month for Twitter’s subscription service, called “Twitter Blue,” with the promise to let anyone pay to receive
Continue ReadingCNN, CNN BUSINESS By Clare Duffy, CNN Business Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an open letter to advertisers stressing that he doesn’t want the platform to become a “free-for-all hellscape.” But that attempt at reassuring the advertising industry, which makes up
Continue ReadingBy Clare Duffy, CNN Business Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an open letter to advertisers stressing that he doesn’t want the platform to become a “free-for-all hellscape.” But that attempt at reassuring the advertising industry, which makes up the vast majority
Continue ReadingBy Catherine Thorbecke, CNN Business If a recession is looming, you wouldn’t know it from looking at Uber’s business. Uber on Tuesday reported $8.3 billion in revenue for the three months ending in September, a 72% increase from the prior year, fueled by strong demand for rides and meal deliveries even as inflation and recession
Continue ReadingBy Diksha Madhok, Michelle Toh and CNN’s Beijing bureau Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption at its biggest iPhone assembly factory in China, as anxious workers reportedly flee the locked-down facility, according to social media videos. The Taiwanese company is racing to control a Covid outbreak at its campus in
Continue ReadingCNN By Diksha Madhok, Michelle Toh and CNN’s Beijing bureau Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption at its biggest iPhone assembly factory in China, as anxious workers reportedly flee the locked-down facility, according to social media videos. The Taiwanese company is racing to control a Covid outbreak at its campus
Continue ReadingCNN By Clare Duffy, CNN Business In 2009, after Twitter was sued by then-St. Louis Cardinals manager Tony La Russa for being impersonated on the platform, the young company introduced a new feature: a blue and white check mark. The check indicated that Twitter had verified the accounts of artists, athletes, government officials and agencies
Continue ReadingBy Matt Egan Democratic Sen. Chris Murphy is calling on the federal government to investigate national security concerns raised by Saudi Arabia’s role in Elon Musk’s takeover of Twitter. Saudi Arabian Prince Alwaleed bin Talal helped Musk finance the $44 billion acquisition of Twitter (TWTR) by rolling over his existing $1.9 billion stake in the
Continue ReadingBy Catherine Thorbecke Thousands of Instagram users reported issues with accessing the platform on Monday morning. Approximately 7,000 users reported the app was down around 10:15 a.m. ET, according to outage-tracking site Down Detector. After about 45 minutes, however, the number of reports had dipped noticeably. Instagram said in a tweet Monday that it had
Continue ReadingBy Donie O’Sullivan and Jennifer Korn, CNN Twitter is considering offering verified accounts to users who are willing to pay $19.99 a month for a subscription service, and it may take away the coveted blue check marks of existing users if they don’t start paying for the product within 90 days, according to internal Twitter
Continue ReadingBy Clare Duffy, CNN Business Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday. The company filing states that all previous members of Twitter’s board, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with
Continue Reading
Did you realize guinea pigs love Halloween? These two surely do! They’d love to have a nice home for the trick or treaters too! They’re waiting at the Humane Society of Central Oregon
Continue ReadingBy Chris Isidore and Peter Valdes-Dapena, CNN General Motors is pausing its advertising on Twitter now that the social media platform is owned by Tesla CEO Elon Musk, the company said in a statement Friday. The nation’s largest automaker said that it is making the change while it evaluates “Twitter’s new direction.” It said it
Continue ReadingBy Jennifer Korn, CNN Business In the hours after Elon Musk completed his purchase of Twitter late Thursday, many avid users began voicing their uncertainty about the future of the platform and whether they want to remain on it. But with few obvious alternatives, Twitter users may be left with nowhere else to go. Musk
Continue ReadingBy Chris Isidore, 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. Former CEO Parag Agrawal, former CFO Ned Segal and former Chief Legal Officer Vijaya Gadde were ousted after Musk took control of the company late Thursday, according to
Continue ReadingBy Clare Duffy and Donie O’Sullivan, CNN 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 company said the deal “became effective” on Thursday, as part of a
Continue ReadingBy Clare Duffy, CNN Business After spending months attempting to get out of his deal to buy Twitter, Elon Musk officially owns the hugely influential platform. Now the question is: What will he actually do with it? Musk’s takeover — which was finalized Thursday night, a source familiar with the matter told CNN — not
Continue Reading