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Report: Twitter Now Worth a Third of $44B Purchase Price

Fidelity's latest valuation may put investors on edge

(Newser) - Elon Musk famously forked over $44 billion to become the owner of Twitter last year, but a new valuation from one of its outside investors may set all of the other investors squirming. Forbes reports that Fidelity has valued the social media platform at only about $15 billion, or about...

Wagner Advertises for Recruits on Facebook, Twitter

Job ads promise the chance to see the world

(Newser) - Having reportedly lost 20,000 fighters in the battle for one Ukrainian city, the Wagner Group has posted job ads on Facebook and Twitter to replenish its workforce—posts specifying that employment comes with health care. Researchers found 60 ads in dozens of languages seeking people to fill support positions...

EU: Twitter Dropped Out of Disinformation Agreement

When new law takes effect, the company will face enforcement, official says

(Newser) - Twitter has quit the European Union's code of practice designed to reduce the spread of disinformation, an official said, adding that laws will be used to force Elon Musk's company to comply. "But obligations remain," Thierry Breton of the EU tweeted late Friday. "You can...

Twitter&#39;s &#39;De-Saster&#39; Clouds DeSantis&#39; Big Night
Twitter's 'De-Saster'
Ruins DeSantis' Big Night
the rundown
May 25, 2023 7:00 AM CDT

Twitter's 'De-Saster' Ruins DeSantis' Big Night

Elon Musk, who attacked legacy media, only 'humiliated himself': pundit

(Newser) - It was Ron DeSantis' big night, but that wasn't as obvious as it should've been. Yes, the Florida governor announced he was running for president Wednesday, but only after more than 20 minutes of Twitter glitches . Given the rare opportunity to take center stage and outline a vision...

DeSantis Enters GOP Race on Glitchy Twitter

Mocking begins before the Florida governor can utter his announcement

(Newser) - Florida Gov. Ron DeSantis officially joined the race for president on Wednesday evening, though Twitter Spaces' technical problems got in the way of his message to Republicans that he's a winning alternative to Donald Trump. The appearance, hosted by Twitter owner Elon Musk, was 26 minutes old before DeSantis...

On DeSantis&#39; Big Day, Twitter Goes Under the Microscope
On DeSantis' Big Day,
Twitter Gets Picked Apart
OPINION
May 24, 2023 10:55 AM CDT

On DeSantis' Big Day, Twitter Gets Picked Apart

Everyone has a lot to say about where the Republican intends to launch his 2024 campaign

(Newser) - Ron DeSantis is set to launch his presidential campaign at 6pm ET Wednesday on Twitter. The Republican will make the announcement in a Twitter Spaces session with CEO Elon Musk, in an event moderated by GOP donor David Sacks, who supports DeSantis and has close ties to Musk, per NBC...

DeSantis to Launch Run in Event With Elon Musk

Florida governor will take part in Twitter Spaces sessions with CEO on Wednesday

(Newser) - Florida Gov. Ron DeSantis plans to launch his White House bid on what used to be Donald Trump's favored social media platform. The Republican will make the announcement in a Twitter Spaces session with CEO Elon Musk starting at 6pm Eastern on Wednesday, campaign officials confirmed to Politico . At...

No, the Pentagon Didn't Blow Up Monday

But eerily realistic fake explosion pic, perhaps created by AI, circulated online, shook up stocks

(Newser) - Most of the tweets on the OSINTdefender Twitter account , which bills itself as an "open source intelligence monitor," have focused lately on the Russian invasion of Ukraine. A post on Monday morning, however, set off alarms closer to home, after a phony image circulated on social media depicting...

Supreme Court Sides With Google, Twitter in 2 Big Cases

Justices side with social media giants in closely watched liability challenges

(Newser) - The Supreme Court on Thursday delivered good news to Google, Twitter, and social media in general Thursday in a pair of cases regarding liability for what users post .
  • Google: In one, the court sidestepped a case against Google that might have allowed more lawsuits against social media companies, per the
...

'Velvet Hammer' Shares First Tweet as Twitter CEO

Linda Yaccarino tells Elon Musk she has 'long been inspired by your vision'

(Newser) - The new Twitter CEO tweeted for the first time since Elon Musk unveiled his pick. Linda Yaccarino, formerly an advertising exec with NBCUniversal, praised Musk and joked about her sudden surge in followers, reports Deadline . “I’ve long been inspired by your vision to create a brighter future,"...

What We Know About Twitter&#39;s New CEO
Musk's Pick for Twitter CEO
Signals His Main Priority
the rundown
May 12, 2023 1:15 PM CDT

Musk's Pick for Twitter CEO Signals His Main Priority

That would be advertising, and Linda Yaccarino was well regarded on that front at NBCUniversal

(Newser) - The advance reports were correct: Elon Musk confirmed Friday that he has picked NBCUniversal exec Linda Yaccarino to be the new CEO of Twitter. However, Musk himself will continue to play a role at the company: He wrote that Yaccarino "will focus primarily on business operations, while I focus...

Musk Announces He&#39;ll Step Aside as Twitter CEO
Musk's Chosen
Successor
at Twitter
Revealed
UPDATED
May 12, 2023 2:00 AM CDT

Musk's Chosen Successor at Twitter Revealed

Sources say it's NBCUniversal’s Linda Yaccarino

(Newser) - The person who is in what's being described as "advanced talks" to take over as CEO of Twitter has been revealed: Sources tell the Washington Post , the Wall Street Journal , and other outlets that it's NBCUniversal’s head of advertising, Linda Yaccarino. Elon Musk on Thursday said...

Feds: Twitter Hacker Left 'Impressive Trail of Destruction'

UK man pleads guilty to scheme that targeted accounts of 130-plus names, including Musk, Biden

(Newser) - A UK man arrested in Spain two summers ago and accused of hacking into the Twitter accounts of some big names—including the current owner of the platform himself—has pleaded guilty to the plot, which also involved the theft of a hefty amount of crypto. On Tuesday, the US...

Musk Announces Twitter DM Change With Notable 'Acid Test'

He won't be able to see others' encrypted messages, 'even if there was a gun to my head'

(Newser) - Elon Musk says users of his social media platform will very soon be able to send private direct messages to each other that no one else can ever see—including Musk himself. In a Tuesday evening tweet , the Twitter CEO announced the launch of encrypted DMs, a feature that could...

Musk Makes 'Extraordinary Threat' to NPR

CEO warns he'll give media organization's Twitter handle to someone else if it doesn't start tweeting

(Newser) - NPR has stayed firm in not tweeting since Elon Musk's Twitter first labeled its account "state-affiliated media" last month, then "government-funded media." Those labels are now gone, but NPR has continued to stay silent online. Now, the news organization is reporting that Musk is threatening to...

Jack Dorsey Isn't Happy With Elon Musk's Twitter

Dorsey believes Musk should've backed out of the deal

(Newser) - Twitter co-founder Jack Dorsey once believed Elon Musk was on a "mission to extend the light of consciousness" through the Tesla billionaire's purchase of the social media giant. In recent comments made on his Bluesky Twitter clone, reports the Washington Post , Dorsey executed a sharp pullback. TechCrunch excerpted...

Twitter&#39;s Blue Check Strategy Turning Into a Fiasco
Twitter's Blue Check Strategy
Turning Into a Fiasco
the rundown
Apr 24, 2023 9:12 AM CDT

Twitter's Blue Check Strategy Turning Into a Fiasco

Prominent users are making clear they did not pay and do not want it

(Newser) - Among the big names who have confirmed their phone number and paid $8 to have a blue checkmark on their Twitter account, at least according to Twitter, are Anthony Bourdain, Kobe Bryant, Chadwick Boseman, Mac Miller, and Jamal Khashoggi. As the Hill notes, that's a little confusing considering that...

Elon Musk's No Good, Very Bad, $13B-Loss Day

Perfect storm involving 3 of his firms leads to financial fallout for CEO

(Newser) - It's been a challenging few days for Elon Musk: Tesla had a disappointing earnings call on Wednesday, his SpaceX rocket exploded minutes after takeoff on Thursday, and Twitter continues to ... go through some things . The CEO took a big financial hit amid these struggles from all of his three...

Boycotts Worked: Twitter Drops Label That Drove NPR Away

The 'government-funded media' descriptor is no more

(Newser) - Twitter was apparently concerned enough by media outlets boycotting its platform that it's made a U-turn, dropping the "government-funded media" label that sent NPR , the CBC , and other outlets packing. The label is now missing from the accounts of NPR, the CBC, the BBC, and other outlets, while...

Musk Paying for Blue Checkmarks for LeBron, Stephen King

But not the Pope, 'NY Times'

(Newser) - Twitter's original blue checkmarks were first said to be going away starting April 1, but after that date came and went with little movement on the blue check front , Elon Musk gave April 20 as the new date. And, indeed, quite a few big names said goodbye to their...

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