Twitter news trending serial#

Wall Street also sees upside in Tesla shares. The amount represented a 42% increase year over year. With a market cap of around $680 billion, Tesla is several times bigger than Ford and General Motors combined.Īnd despite the stock’s downturn, business is still heading in the right direction. While Tesla stock hasn’t been a hot commodity - shares are down a painful 45% year to date - it remains a behemoth in the automotive industry. But he is best known as the co-founder and CEO of EV maker Tesla.Īccording to Bloomberg, Musk’s biggest asset at the moment is Tesla equity.

Tesla (TSLA)Īs a serial entrepreneur, Musk has created quite a few successful businesses. If you like what Musk is doing to improve efficiency and reduce costs at Twitter, unfortunately, you can no longer invest in it.īut you can still invest alongside Elon Musk - here’s a look at how. Moreover, Bloomberg reports that Musk is considering laying off even more employees, targeting the company’s sales and partnership teams.įor a company that lost $344 million from operations in a quarter (per Twitter’s last available financial report as a public company), cost-cutting could be exactly what the doctor ordered. Mitt Romney says a billionaire tax will trigger demand for these two assets - get in now before the super-rich swarm Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these assets instead. You could be the landlord of Walmart, Whole Foods and Kroger (and collect fat grocery store-anchored income on a quarterly basis) “Twitter is ALIVE,” he says in a weekend tweet, which has since received 1.4 million likes. The hashtag #RIPTwitter went viral last week on reports that employees were quitting en masse after Musk told them to either commit to “long hours at high intensity” or leave. New owner Elon Musk has cut thousands of jobs at the social media giant, removed the company’s “days of rest” - monthly days off for employees to rest and recharge - and ended its remote work policy. He told those who stayed with Twitter that it would mean “working long hours at high intensity” and also told them that “only exceptional performance will constitute a passing grade,” CNN reported.Even as a private company, Twitter continues to make headlines - and they aren’t exactly positive. He quickly made changes, including drastic employee cuts and tweaks to how the company moderates content and verifies users, Forbes reported. Musk purchased Twitter for $44 million last year, the AP reported.

Threads started strong earlier this month with more than 100 million signups in its first week, but has plummeted to 13 million active users, The Wall Street Journal reported last week. Threads currently has only a phone-based app, but Meta has alluded to adding a desktop version as well as other additions, CNN reported.Īccording to Twitter, the company has 528.3 million global monetizable monthly active users. Some industry watchers say the change from Twitter to X will confuse audiences and may force people from the platform to its competitors, including the Meta and Instagram foray called Threads, the AP reported. While Musk and Yaccarino are touting the change, not everyone is behind the move. He also calls his son with the singer Grimes, X. and he had a startup in 1999 named X.com that was an online financial services company. He has SpaceX, or Space Exploration Technologies Corp. This isn’t the first time Musk has used X in his businesses. Musk crowdsourced the interim logo, which he called minimalist Art Deco, adding that it “certainly will be refined,” the AP reported. Powered by AI, X will connect us all in ways we’re just beginning to imagine.- Linda Yaccarino July 23, 2023įorbes reported that he had wanted to make Twitter into an app similar to the Chinese company WeChat and that the name change is one of the first steps. X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities.

Twitter news trending serial#