MASHABLE - Fidelity, an investment firm involved in financing Musk's purchase, now values Twitter at around $15B, a 33% decrease from the original price. Fidelity has consistently downgraded its holdings in the company since Musk took over, further reducing the value of its stake. Twitter's challenges include losing half of its major advertisers under Musk's leadership, and subscription-based revenue models like Twitter Blue and Subscriptions have failed to compensate for these losses.
658 posts categorized "Twitter"
Twitter Is Now Worth One-third What Elon Musk Paid
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Twitter Launches New $5K Per Month Data Access Plan
GIZ CHINA - Twitter announced a new subscription plan called API Pro, priced at $5K per month, targeting startups. This plan offers developers 1M retrieved tweets, 300K posted tweets, real-time filtered streams, complete archive search, and additional features. However, the high price is a barrier for many startups, and the $100 base plan is too limited.
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Twitter Spaces Team Reduced to 3 After DeSantis' Tech Fiasco Announcement
WION - The Twitter Spaces team, responsible for live audio conversations on the platform, has been reduced to only 3 individuals after technical issues during a recent event featuring Florida Governor Ron DeSantis. The team lacks the necessary knowledge and expertise due to previous staff reductions. The Spaces session experienced multiple crashes, disrupting the announcement and frustrating the large audience.
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Twitter Now Allows Paid Users to Upload 2-hour-long Videos
TECH CRUNCH - Twitter's paid subscribers can now upload videos up to two hours long, an increase from the previous 60-minute limit. The video file size limit has also been raised from 2GB to 8GB. Twitter has introduced creator-focused tools and features, including higher character limits and text formatting options.
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Twitter Makes First Acquisition Under Elon Musk
PROACTIVE INVENTORS - Twitter's parent company, X Corp, has made its first acquisition by acquiring tech recruiting service Laskie for Twitter. The deal, which was recently closed, involved a combination of equity and cash. Laskie is a hiring platform that uses data to make precise matches between talent and jobs. It previously raised $6M in funding from various venture capital firms.
by William Farrington
See full article at Proactive Inventors
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Elon Musk Appoints New Twitter CEO, NBCU's Linda Yaccarino
TECH CRUNCH - Elon Musk has confirmed that Linda Yaccarino, who was formerly the chairman of Global Advertising & Partnerships at NBCU, will be the next CEO of Twitter. Musk will remain as chairman and CTO of the company, with Yaccarino's appointment focusing on advertising and monetization. This move comes after Twitter struggled to generate revenue and laid off key teams involved in revenue generation, such as its sales team.
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Twitter Will Encrypt Private Messages, Says Elon Musk
BBC - Elon Musk has announced plans to introduce an encrypted messaging service on Twitter. Direct messages on Twitter will be end-to-end encrypted, ensuring that only the sender and recipient can access them. He also mentioned upcoming features such as voice and video calls.
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Twitter Purges Inactive Accounts, May Free up Coveted Usernames
TECH CRUNCH - Twitter is purging inactive accounts that have had "no activity at all for several years," potentially freeing up coveted usernames. Twitter had an inactive account policy in place but had not made a large-scale effort to put usernames back into rotation until now. Elon Musk, owner of Twitter, clarified that a lot of usernames would become available as a result of this move, but did not specify how users could acquire them beyond creating a new account.
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Musk Slashes Twitter's Parental Leave Policy From 20 Weeks to 14 Days
THE ECONOMIC TIMES - Twitter's parental leave policy has been reduced from 20 weeks to just 14 days by CEO Elon Musk. The change will affect employees in the US who do not have a paid leave policy, although 12 states in the country currently offer paid family and medical leave.
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Twitter Blue Nets 28 Signups So Far Since Legacy Checkmark Purge
MASHABLE - Twitter's recent purge of legacy users' verified checkmarks only resulted in 28 new subscribers for the platform's paid service, Twitter Blue, according to researchers. The purge was initiated by Elon Musk to force verified users to pay for Twitter Blue, but it was met with criticism from celebrities and big-name accounts.
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Twitter Launches New Subscriptions Feature to Earn Money From Followers
HINDUSTAN TIMES - Twitter launched a new feature called Subscriptions, which allows users to earn money by offering bonus content, exclusive previews, and perks to their followers. Creators can decide the monthly price of their subscription offering, and they can earn up to 97% of the revenue earned by Twitter from their subscribers. The feature is available globally on iOS and Android and on the web in select countries.
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Twitter Increases Tweet Limit to 10K Characters for Paid Users
THE TIMES OF INDIA - Twitter has increased the character limit for Twitter Blue users from 280 to 10K characters and allowed text customization with bold and italic formatting. Twitter has also introduced a Subscription feature that allows creators to monetize their content, generating a monthly income and possibly receiving a portion of the revenue generated by Twitter.
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Twitter Partners With eToro to Show Real-time Stock and Crypto Information
TECH CRUNCH - Twitter has partnered with eToro to display real-time information about a wider range of stocks, crypto, and other assets beyond Twitter's existing Cashtag feature. The feature will redirect users to the eToro site where they can engage in trading. The move is part of Twitter's ambitions to become a significant financial player.
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Twitter, Inc. Is Now X Corp.
TECH CRUNCH - Twitter has changed its name to X Corp., according to a court filing in California. The new name was spotted in a document related to a lawsuit against Twitter and Facebook. The change is not required to be reported to the SEC since Twitter is no longer a public company. Musk has expressed a desire to create a "super app" called X, similar to China's WeChat.
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Ex-Twitter CEO Agrawal, Other Execs Sue Firm Over Unpaid Legal Bills
TECH CRUNCH - Former Twitter executives, including ex-CEO Parag Agrawal, ex-legal head Vijaya Gadde, and ex-CFO Ned Segal, have sued the social network over alleged unpaid legal reimbursements totaling ~$1M. The lawsuit, filed in Delaware Chancery Court, alleges that Twitter breached agreements with employees and contravened bylaws by not paying the former executives. The document lists various legal battles and government probes that these executives were involved in over the years as defendants.
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