• Elon Musk Puts Twitter Deal on Hold, Causes 20% Plummet in Stock Price

    9 days ago - By Hypebeast

    Elon Musk has now put his $44 billion USD deal to acquire Twitter on hold. The Tesla , SpaceX , and Boring Company CEO took to his favorite social media platform to reveal that he has now put the deal on hold pending verification of some figures relating to fake accounts on Twitter. In particular, he says he's looking into whether the number of fake accounts on the platform actually does represent less than 5% of the entire user base. Interestingly, the 5% statistic was provided to him almost two weeks ago, and Musk hadn't flagged it as an issue up until now. The filing at the time also...
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  • Twitter Lays Off Top Staff Amid Company Shakeup to Reduce Costs

    Twitter Lays Off Top Staff Amid Company Shakeup to Reduce Costs

    9 days ago - By Hypebeast

    Things don't seem to be calming down over at Twitter despite coming to a $44 billion USD deal with tech mogul Elon Musk. The social media platform has now laid off two of its top staff members in what appears to be a company shakeup. According to reports , Twitter's general manager of consumer products Kayvon Beykpour and general manager of revenue Bruce Falck have both been fired by CEO Parag Agrawal. The former was on paternity leave at the time of the decision, and took to the platform to announce his departure, explaining that "Parag asked me to leave after letting me know that he...
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