Connect with us

Entertainment

Last hour, Twitter is in chaos: billions of dollars in losses

Published

on

So far, Twitter has seemed pristine, untouchable, but things seem to be flowing: It’s happening right now

Elon Musk became the owner of the blue bird social network, what happened after his maneuver? What one of the most pristine platforms is going through is amazing and healing the losses is really complicated.

Twitter 15112022 innews24.it(@websource)

Recently, from a corporate perspective, Twitter has been on the lips of many. After taking over the company, Elon Musk sent an email to all employees ending smartworking and announcing difficult times for the social network. Now we’re back to talking about the chirping bluebird, but for different reasons.

Elon Musk’s attorney breaks news of a loss and reports that his client could face billions of dollars in fines precisely because of the new acquisition. According to what The Verge and SlashGear report, the penalties appear to stem from issues of breaching the privacy and security of the platform, with terms plummeting further after Tesla’s CEO changes.

Twitter, thunderclap: three corporate giants resign

Billionaire Elon Musk made his first takeover bid for Twitter in April 2022 (ANSA photo).Billionaire Elon Musk (photo ANSA).

Following these vicissitudes which affected Twitter, Damien Kieran (chief privacy officer), Lea Kissner (chief information security officer) and Marianne Fogarty (chief compliance officer) officially resigned. As if that weren’t enough, Twitter’s privacy team released a note posted on Slack and later by The Verge in which they only added fuel to the fire: “Elon has shown that his only priority vis-à-vis Twitter users is to figure out how to monetize them. I don’t think he cares about human rights activists”. In the same memo, there is also a clarification of alleged statements by Musk’s lawyer who allegedly admitted that the contractor is not afraid, but takes responsibility for facing the FTC.

According to the lawyer, the multi-billion dollar fines could come in the event of inconsistencies that seem to be circulating: there are increasingly insistent rumors about the review from the company’s privacy point of view. Meanwhile, the new Twitter buyer says, “Without significant subscription revenue, there’s a good chance Twitter won’t survive the impending economic downturn.”

Continue Reading

Recent News

Demand Forecasting Demand Forecasting
Tech10 hours ago

Precision Planning: The Impact of AI in Demand Forecasting and Quality Control

In the fast-paced world of business, the ability to accurately forecast demand is a crucial element in ensuring optimal inventory...

Liquid Eyeliner Liquid Eyeliner
Fashion16 hours ago

Mastering Liquid Eyeliner: Tips for Perfect Precision and Definition

Liquid eyeliners are used in most makeup routines since they have a perceptual depth effect, highlighting the contour while adding...

Hoop Earrings Hoop Earrings
Fashion16 hours ago

A Comprehensive Guide to Styles, Sizes, and Materials For Hoop Earrings

The hoop earring, the ageless accessory in the fashion world, has been a constant companion of women on their ears...

Drift Hunters Unblocked Drift Hunters Unblocked
Games17 hours ago

Drift Hunters Unblocked Latest Car Game Online Free To Play

Drift Hunters Unblocked is a game you don’t want to miss playing if you love all things cars and drifting!...

Financial Management Financial Management
Finance19 hours ago

Enhancing Financial Management with Equipment Lease Software: What You Need to Know

In the dynamic world of business finance, managing equipment leases efficiently is crucial for maintaining a healthy bottom line and...

Michelle Ende Michelle Ende
News19 hours ago

Michelle Ende – A Poet’s Vision Of The World

“It isn’t possible to love and part. You will wish that it was. You can transmute love, ignore it, muddle...

Criminal Lawyer Criminal Lawyer
Law1 day ago

Should I Hire a Criminal Lawyer Even If I Am Innocent?

The Georgia Innocence Project indicates that 4–6% of people in U.S. prisons have faced wrongful convictions. These statistics are worrying....

Lana Del Rey and Evan Winiker Relationship Lana Del Rey and Evan Winiker Relationship
Celebrity2 days ago

Who Is Evan Winiker? All About Lana Del Rey’s Rumored Ex

Evan Winiker and the hit pop artist Lana del Rey had something special. Something that almost resulted in a beautiful...

Jack Martin and Lili Reinhart Jack Martin and Lili Reinhart
Celebrity2 days ago

Who Is Jack Martin? All About Lili Reinhart’s Boyfriend

Lili Reinhart has been our beloved since starring in the famous show ‘Riverdale’. The end of the show marks an...

Cynthia Daniel & Cole Hauser Relationship Cynthia Daniel & Cole Hauser Relationship
Celebrity2 days ago

Who Is Cole Hauser’s Wife? Everything About Cynthia Daniel

Cole Hauser’s wife Cynthia Daniel is a curiosity for his followers. Cole Hauser is famous for his role in classic...