Twitter employees sceptical about their future under Musk
The future of Twitter hangs in the balance and employees' reaction after the virtual meeting with Musk was "mostly negative," reports The Verge. Musk told Twitter employees that he particularly wants to be involved in the product and expects the team to listen to his input on new features. He said he's very involved at Tesla, and he would adopt a similar leadership style at Twitter which he is buying for $44 billion
Musk wants Twitter to be more like WeChat, to allow 'outrageous' comments
Musk told Twitter employees that the platform needs to become more like WeChat and TikTok if it wants to achieve his goal of reaching one billion users. "There's no WeChat equivalent outside of China. You basically live on WeChat in China. If we can recreate that with Twitter, we'll be a great success," he told Twitter staff via a virtual meeting late on Thursday.
Elon Musk hints layoffs at Twitter in future
When asked about the possibility of layoffs during an internal Q&A, Musk said "Right now costs exceed revenue," citing employees, The Verge reported. "That's not a great situation," he added. The question of layoffs has been top of mind for Twitter's more than 7,000 employees since Musk first said he wanted to buy the company. Meanwhile, he also said that employees doing "excellent" work should be allowed to continue working from home.
Local businesses can display location, hours, contact info on Twitter profile
Called �Location Spotlight,' the new feature is available for Twitter Professional account users in the US, the UK, Canada and Australia. "You can now enable our Location Spotlight on your Professional Account which allows you to display your business location, hours, and additional contact methods," the company posted in a tweet late on Wednesday.
Twitter testing new shopping feature 'Product Drops'
The new feature lets brands tease items before they go on sale, and users can sign up to be reminded before the release through in-app notifications. "With Product Drops, when a merchant Tweets about an upcoming launch, you will see a 'Remind me' button at the bottom of the Tweet," the company said in a blogpost.
Twitter now plans to provide Musk access to data on bots
Soon after making a $44 billion deal to acquire Twitter in April, Musk has been asking for information about spam and fake accounts. On Monday he threatened to walk away from the deal if the company fails to provide the data. To end the standoff with the billionaire, Twitter board has plans to comply with access to data that he says is necessary to evaluate the number of fake users on the platform.
Texas AG Ken Paxton investigates Twitter over bot counts
Twitter has received intense scrutiny in recent weeks over claiming in its financial regulatory filings that fewer than 5 per cent of all users are bots, when they may in fact comprise as much as 20 per cent or more. The difference could dramatically affect the cost to Texas consumers and businesses who transact with Twitter.
Twitter enters restructuring mode, focuses on user growth
The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg. Twitter CEO Parag Agrawal last month fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck, saying there is a hiring freeze now and Twitter will also pause spending in most areas.