TWITTER EMPLOYEES
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
Elon Musk won dismissal of a $500M severance lawsuit for mass layoffs at Twitter. Judge Trina Thompson ruled ERISA irrelevant. Twitter’s 2019 plan promised more than the post-buyout one month of pay without benefits. Plaintiffs may amend the complaint. Case McMillian et al v. Musk et al, Northern District of California. Musk leads Tesla, Forbes.
Inside the rise and fall of Indian Twitter rival Koo
Koo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company struggled with funding challenges and workforce reductions amidst a competitive landscape. Here's a quick recap of the company's journey.
Elon Musk's X demands repayment from former Australian employees over pay error
Elon Musk's X admitted to a currency conversion error when paying out entitlements, which sometimes resulted in overpayments of up to $70,000. Earlier last year, thousands of former Twitter employees claimed they were cheated out of severance pay when the billionaire laid them off after acquiring the social media platform.
Former SpaceX employees sue Elon Musk, alleging wrongful termination over workplace concerns
Eight former employees of SpaceX sued Elon Musk for wrongful termination due to raising concerns about sexual harassment and discrimination in the workplace.
ChatGPT maker OpenAI hires Nextdoor's Sarah Friar as CFO
OpenAI said on Monday it has hired Sarah Friar, most recently the CEO of Nextdoor, as its first chief financial officer. The artificial intelligence firm has also appointed Kevin Weil, who has previously worked at Twitter and Instagram, as chief product officer.
Australian watchdog drops court fight with X over violent posts
Australia's online watchdog on Wednesday dropped a legal effort to force Elon Musk's X to remove posts depicting the violent stabbing of a Sydney priest. The watchdog had ordered Musk's company to globally remove about 65 video and audio clips of the April 15 non-fatal attack in a church.
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Ex-OpenAI board member provides her first detailed account of CEO Sam Altman's ouster
Former OpenAI board member Helen Toner revealed on a podcast the backstory behind the firing and rehiring of CEO Sam Altman, citing instances of psychological abuse and a toxic atmosphere at the company due to a manipulative executive.
Elon Musk's diplomacy: Woo right-wing world leaders. Then benefit
Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.
Koo halts salary payments from April; founder says company 'will remain operational'
Koo cofounder Mayank Bidawatka had first said in September 2023 that the company was looking to raise funds or tie up with a strategic partner to scale operations amid a funding winter. But the talks have taken longer than expected to succeed.
Russia convicts Meta spokesperson in a swift trial in absentia
Russia convicts Meta's Andy Stone for justifying terrorism post Ukraine invasion. Hate speech policy changes result in criminal case. Meta labeled extremist, VPN access only. Stone sentenced to penal colony. CEO barred. Trial swift.
Y Combinator CEO Garry Tan: San Francisco's 'Twitter menace' or true believer?
Y Combinator CEO Garry Tan is one of a cadre of love-them-or-hate-them tech executives and investors with lots of opinions about San Francisco and endless piles of cash to, as they say in the tech industry, move fast and break things.
India had longest internet shutdown in 2023: report
According to a report by virtual private network tracker Top 10VPN, India imposed an internet shutdown of over 5,000 hours in Manipur alone, since the start of the ethnic conflict between the Kukis and Meiteis.
Former Twitter CEO Parag Agrawal, others sue Elon Musk over firings, seek over $128 mn
Former senior executives of Twitter, including Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett, are suing Elon Musk and X Corp. for over USD 128 million in unpaid severance payments. The lawsuit was filed in the Northern District of California, alleging that Musk terminated employees for gross negligence and willful misconduct. Musk acquired Twitter for USD 44 billion.
SpaceX accused of unlawfully firing employees who were critical of Elon Musk
A Los Angeles-based regional director for the National Labour Relations Board on Wednesday filed a complaint that consolidates eight unfair labour practice charges against SpaceX.
X, formerly Twitter, violated contract by not paying millions in bonuses: US judge
Mark Schobinger, the former senior director of compensation at X (formerly Twitter), sued the company alleging that it promised employees 50% of their 2022 target bonuses but never made those payments.
Suit against X, formerly Twitter, over unpaid bonuses can proceed: judge
In June, Mark Schobinger, a former senior director of compensation for Twitter who lives in Texas, sued the company, claiming breach of contract under California law.
Twitter violated contract by failing to pay millions in bonuses, US judge rules
Mark Schobinger, who was Twitter's senior director of compensation before leaving Elon Musk's company in May, sued Twitter in June, claiming breach of contract.
Elon Musk assured bankers they won't lose money on loans for Twitter acquisition: Report
According to a report in the Financial Times, despite Musk's assurances, seven banks that lent money to Musk - Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Societe Generale - "are facing serious losses on the debt if and when they eventually sell it".
Ad sales of Elon Musk's X projected to slump to about $2.5 billion in 2023
X generated a little more than $600 million in advertising revenue in each of the first three quarters of the year, and is anticipating a similar performance in the current period, according to a person familiar with the numbers. That compares to more than $1 billion per quarter in 2022.
OpenAI working with ex-Twitter India head to navigate AI landscape: report
According to a report, Jaitly is working as a senior advisor with OpenAI to facilitate talks with the government about AI policy. OpenAI is also looking to set up a local team in India, it added.
After Elon Musk tirade, X faces prospect of more advertisers fleeing
In a memo to employees on Thursday, which was seen by Reuters, X Chief Executive Linda Yaccarino said Musk's interview was "candid and profound," and encouraged staff to watch it. She reiterated that X's mission is to be an open platform without censorship.
X may lose up to $75 million in revenue as more advertisers pull out
Internal documents viewed by The New York Times this week show that the company is in a more difficult position than previously known and that concerns about Musk and the platform have spread far beyond companies including IBM, Apple and The Walt Disney Co., which paused their advertising campaigns on X last week
AI poster child Sam Altman back at OpenAI, may have fewer checks on power
OpenAI is bringing Altman back just days after his ouster as well as installing a revamped board that could bring sharper scrutiny to the startup at the heart of the AI boom, but strong support from investors including Microsoft may give Altman more leeway to commercialize the technology.
OpenAI employees threaten to quit unless board resigns, reappoints Sam Altman: report
In a letter addressed to the OpenAi board of directors, the employees said the board was negotiating in bad faith and the process through which they terminated Altman and former president Greg Brockman has jeopardised their work.
Advertisers flee X as outcry grows over Elon Musk's endorsement of antisemitic post
Linda Yaccarino, X's CEO, posted on the site Thursday that the company had been "extremely clear about our efforts to combat antisemitism and discrimination." But Friday, Musk agreed with a post on X that suggested advertisers such as IBM were pulling back from the platform to save face.
Elon Musk's X launches court fight with Australian watchdog
Australia's online safety watchdog said it is being taken to court by Elon Musk's X in a fight over the platform's failure to outline how it combats child sexual abuse content.
Elon Musk's X fails to pay Australian watchdog fine
Last month, eSafety commissioner Julie Inman Grant slapped an Aus$610,500 (US$388,000) fine on the company regarding content depicting child sexual abuse on the platform
How Elon Musk changed the meaning of Twitter for users
It has been one year since Elon Musk bought Twitter. Since then, the meaning of the social media service has changed — sometimes drastically — for many of the people who use it.
Twitter has failed to pay millions in worker bonuses, claims lawsuit
Mark Schobinger, who was Twitter's senior director of compensation and left the company last month, filed the proposed class action in San Francisco federal court.
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