The Chief Executive Officer (CEO) and owner of Twitter, Elon Musk has announced that the social media platform would be introducing different colored verification badges to distinguish between different types of accounts on the platform. Musk tweeted this announcement on Friday from his official Twitter handle.
Twitter Inc suspended the issuance of the blue tick verification label on Friday after the social media platform was flooded by numerous impostor/parody accounts with the blue tick label. Parody accounts paid and subscribed for the blue tick but Musk’s own company, Tesla and SpaceX, as well as Nintendo, Lockheed Martin, amongst others, fell victim to impostors.
Meta Platforms Inc. is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal (WSJ) reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta's stock market value, adding to the more than half a trillion dollars in value already lost this year.
The new owner of the bird application social media platform, Elon Musk has revealed they will be mass layoffs in the company. Noting that employees are set to receive a mail regarding this employment status justifying their job status. According to Musk, the laying off is in a bid to reduce the company's workforce of 7,500 and also kicking off his wholesale overhaul of the company, “Team, In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” according to multiple versions of the email obtained by The Washington Post. “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company’s success moving forward.”
Sacha Poignonnec and Jeremy Hodara, the Co-founders of the e-commerce firm, Jumia Group have both stepped down as co-Chief Executive Officers (CEOs) with immediate effect while Francis Dufay would replace both co-founders as acting CEO. The previous Chief Financial Officer (CFO) of Jumia Group, Antoine Maillet-Mezeray has been promoted to Executive Vice President of Finance and Operations. This was disclosed in a statement by the company’s Supervisory Board, adding that the search for a replacement for the former CEOs was ongoing.
Twitter Inc., the micro-blogging and social networking platform has announced that it would suspend accounts of users impersonating celebrities, etc if the Twitter account is not clearly labeled as ‘parody’. This was made known on Monday in a series of tweets from the verified account of the world’s richest person and the company’s new Chief Executive Officer (CEO), Elon Musk.
The new owner of Twitter Inc., Elon Musk has announced that the monthly verification charge for users with blue tick certification will be $8 per month. Musk, the richest person in the world, made this announcement following his initial proposed $20 per month charge, which he announced not less than 48 hours after acquiring Twitter in a $44 billion deal.