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Meta Preps for the Launch of New Twitter Competitor: Threads

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The app is a text-based conversation platform that offers a microblogging experience similar to Twitter, according to the Associated Press. The timing of the launch arrives when there is growing user frustration over recent changes implemented at Twitter.

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Twitter Faces Lawsuit Over Millions in Unpaid Bonuses

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What’s going on: Twitter is facing a lawsuit filed by its former senior director of compensation, Mark Schobinger, who claims the company failed to pay millions of dollars in promised bonuses to workers, according to Reuters. Twitter is one of the large tech companies that underwent massive layoffs this year.

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Twitter Lays Off 10% Of Its Workforce 

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Farewells were posted on Twitter by those that had been laid off, and the remaining employees used encrypted messaging services verify who was still employed. This came shortly after his decision to let go nearly half of Twitter’s workforce just a week after he had taken control of the company.

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Twitter Fires Two Of Its Top Leaders

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Twitter CEO Parag Agrawal has announced that two of the company’s leaders have been fired. . Kayvon Beykpour, General Manager of Consumer, and Bruce Falck, Revenue Product Lead, originally joined the company when Twitter acquired live video streaming app Periscope in 2015. .

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Twitter Accused Of Legal Violations During Mass Layoffs, Again

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What’s going on: In a move to reduce costs, Elon Musk’s purchase of the social media platform Twitter resulted in the laying off of nearly 3,700 staff members (nearly half of the company’s employees) back in early November. Subsequently, hundreds more chose to resign.

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Elon Musk Says “Twitter Deal Temporarily On Hold”

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Elon Musk has revealed that he is pausing his Twitter acquisition to further investigate the number of spam accounts on the platform. . Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted. .

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Can The World’s Richest Person Actually Afford Twitter?

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The most recent of these acquisitions has been Elon Musk’s purchase of Twitter for $44 billion, but how he does so is still up for debate. . Musk is currently the world’s richest person but has brought together nine banks to help finance his purchase of Twitter. The post Can The World’s Richest Person Actually Afford Twitter?

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