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.
Twitter to shut down TweetDeck for Mac on July 1
When launching the TweetDeck for the Mac app, Twitter has started placing a blue banner at the top warning users that it will only be available for one more month, reports 9To5Google. "We are saying goodbye to TweetDeck for the Mac app to focus on making TweetDeck even better and testing our new Preview," a tweet from the TweetDeck team reads.
Musk opens motivational class on Twitter
The Tesla and SpaceX CEO shared that "happiness is a choice". Musk reminded people that every day is a fresh start, and that one can always choose to be happy. "Tomorrow will be the first sunrise of the rest of ur life, make it what u want," Musk wrote on the microblogging platform. "And remember that happiness is a choice."
Twitter has very 'bot-friendly' rules, says Elon Musk
Musk has put the $44 billion Twitter buyout on hold till its CEO Parag Agrawal tells him the exact percentage of bots on the platform. Twitter currently says less that 5 per cent of accounts on its platforms can be fake. A follower tagged Musk, posting "current technical Twitter Limits": "None of these @Twitter limits are aligned with the goal of human-to-human interactions @elonmusk."
US SEC questions Musk over late disclosure about his stake in Twitter
The SEC said that Musk "likely used the wrong form when he eventually disclosed his stake", reports The Verge. The letter, filed last month and made public now, asked clarifications from Musk on "why he chose to use a form meant for passive investors and whether the agency is wrong about his filing coming in late".
Twitter to pay $150 mn for using people's phone numbers to target ads
According to the FTC, Twitter asked users for personal information for the express purpose of securing their accounts, but then "also used it to serve targetted ads for Twitter's financial benefit". "It wasn't Twitter's first alleged violation of the FTC Act, but this one will cost the company $150 million in civil penalties," the FTC said in a statement late on Wednesday.
Jack Dorsey steps down from Twitter's board
Dorsey quit as Twitter CEO in November last year, handing over the baton to Indian-origin Parag Agrawal who was then the CTO of the company. At the time, Twitter noted that Dorsey would stay on the board "until his term expires at the 2022 meeting of stockholders".
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