Social Media

Reuters reports: Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week. Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla …

Politico reports: Democratic Sen. Ron Wyden said Elon Musk’s $44 billion purchase of Twitter needs a “careful review” by Congress, with a particular focus on the Saudi government’s large investment in the deal. “I’m on the Intelligence Committee. I’m chair of the Finance Committee. I’m not taking anything off the table right now,” Wyden (D-Ore.) said in an interview on …

Reuters reports: Billionaire Elon Musk said on Monday he was working “at the absolute most amount…from morning til night, seven days a week” when asked about his recent acquisition of Twitter and his leadership of automaker Tesla. “I have too much work on my plate that is for sure,” Musk said by videolink to a business conference on the sidelines …

CNBC reports: Elon Musk’s aerospace business SpaceX has ordered one of the larger advertising packages available from Twitter, the social media business he just acquired in a $44 billion deal and where he is now serving as CEO. The campaign will promote the SpaceX-owned and -operated satellite internet service called Starlink on Twitter in Spain and Australia, according to internal …

Axios reports: Sen. Ed Markey (D-Mass.) on Sunday threatened Elon Musk to “fix” his companies “or Congress will,” hours after Musk mocked the senator for demanding answers about Twitter’s verification process. Driving the news: The exchange comes days after Markey tweeted to Musk, attaching a letter, demanding Twitter to explain how a Washington Post reporter was able to successfully set …

The Guardian reports: Twitter’s relaunched premium service – which grants blue check verification labels to anyone willing to pay $8 a month – was unavailable on Friday after the social media platform was flooded by a wave of imposter accounts approved by Twitter. Before billionaire Elon Musk took control of the social media platform two weeks ago the blue check …

CNBC reports: The Federal Trade Commission is closely watching Twitter’s moves under new owner Elon Musk, a spokesperson said in a statement Thursday. The agency struck a settlement with Twitter earlier, which granted it oversight of certain security and privacy practices at the company. “We are tracking recent developments at Twitter with deep concern,” an FTC spokesperson said in a …

The Verge reports: Two other top Twitter executives are leaving the company. Yoel Roth, Twitter’s head of trust and safety, and Robin Wheeler, the head of ad sales, are both out. First reported by Platformer’s Zoe Schiffer and Casey Newton, the news was confirmed to The Verge’s Alex Heath by two people familiar with the matter. The two executives resigned, …

The Washington Post reports: Several top privacy and security executives resigned from Twitter on Thursday, citing fears over the risks from Elon Musk’s leadership, a stunning exodus that prompted federal regulators to warn they might step in. Chief Information Security Officer Lea Kissner tweeted Thursday morning that they had made the “hard decision” to resign, and the company’s chief privacy …

Reuters reports: Twitter’s new owner Elon Musk told advertisers on Wednesday he aimed to turn the social media platform into a force for truth and stop fake accounts in an effort to assuage brands and advertising agencies that have increasingly been backing away. Days after Twitter rattled users and advertisers by cutting half its staff, over 100,000 listeners tuned in …

CNN Business reports: Twitter appears to be battling a wave of celebrity and corporate impersonators on its platform who have quickly gamed the company’s new paid verification system, hours after its launch. The fake verified accounts had posed as former President Donald Trump, Rudy Giuliani, Nintendo of America, the basketball player LeBron James, the software company Valve and others. The …

The Associated Press reports: Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have been …

Bloomberg News reports: While Elon Musk tinkers with newly acquired Twitter, his net worth has dropped by almost half from last year’s peak. Shares of Tesla Inc., the electric car maker that comprises the bulk of his fortune, traded as low as $186.75 intraday Tuesday as investors question whether the billionaire is spreading himself too thin among his many high-profile …

The Verge reports: Twitter’s daily user growth hit “all-time highs” during the first full week of Elon Musk owning the platform, according to a company document obtained by The Verge. Since Musk’s dramatic takeover, Twitter’s monetizable daily user (mDAU) growth has accelerated to more than 20 percent, while “Twitter’s largest market, the US, is growing even more quickly,” according to …

Business Insider reports: Elon Musk could put Twitter behind a paywall and charge users a monthly fee to view tweets, according to a report from tech newsletter Platformer. A person familiar with the plans told Platformer that both Musk and one of his advisers, venture capitalist David Sacks, have discussed the idea in meetings in recent days. The potential change …

The New York Times reports: Meta plans to lay off employees this week, three people with knowledge of the situation said, adding that the job cuts were set to be the most significant at the company since it was founded in 2004. It was unclear how many people would be cut and in which departments, said the people, who declined …

The Hill reports: Twitter’s rules under new CEO Elon Musk published Monday do not include policies about misinformation. Musk said the rules will “evolve over time,” but as they stand Monday they appear to offer a more bare skeleton of safety policies than what existed before. The new rules do prohibit action such as the glorification of violence, promotion of …

Musk’s crusade to punish his critics continues: New Twitter boss Elon Musk has urged Americans to vote for Republican candidates in Tuesday’s midterm elections. It’s widely expected that the Republicans will seize control of the House of Representatives in tomorrow’s key ballot but the Senate, which has just 100 members, is thought to be on a knife-edge with several close …

CNBC reports: While Elon Musk complains publicly about advertisers abandoning Twitter due to activist pressure, a coalition of civil rights groups is escalating a call for brands to halt spending on the platform in light of what they see as inflammatory rhetoric and problematic policy changes from the company’s new owner. The coalition, dubbed #StopToxicTwitter, consists of organizations including Media …

The Insider reports: Twitter suspended comedian Kathy Griffin’s account on Sunday evening after she jokingly pretended to be Elon Musk on the platform and mocked him in several tweets. Griffin now joins a range of several celebrities and figures who had their Twitter handles suspended for parodying Musk. A week earlier, the billionaire had declared that “comedy is now legal …