Thursday, December 26

Tag: elon musk

Threads: Meta’s Answer to Twitter
4Jul By adminNo Comments
Technology

Threads: Meta’s Answer to Twitter

(Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site.Threads is expected to be released on Thursday and will allow users to retain followers from photo-sharing platform Instagram, and keep the same username, a listing on Apple’s App Store showed.The rollout represents a direct challenge to Twitter, which has faced numerous controversies since Musk bought the company for $44 billion in 2022.Last week, the Tesla billionaire announced a slate of new restrictions on the app, limiting the number of tweets users could view per day, prompting outcry from many on the platform.While alternative microblogging sites -...
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Firm sues Twitter for not paying bills for work done in four countries
3Jul By adminNo Comments
Business

Firm sues Twitter for not paying bills for work done in four countries

SYDNEY: An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries. Sydney-based private company Facilitate Corp on June 29 filed the suit in a US district court in California claiming breach of contract over Twitter's failure to pay its invoices. The Australian firm's lawsuit is the latest alleging non-payment of bills and rent against Twitter since Elon Musk bought the social media platform for $44 billion last year.Facilitate said from 2022 through early 2023, it installed sensors in Twitter's offices in London and Dublin, completed an office fit-out in Singapore, and cleared an office in Sydney. For those works, Twitter owed the fir...
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Elon Musk’s Twitter Sued Over Unpaid Office Services
3Jul By adminNo Comments
Technology

Elon Musk’s Twitter Sued Over Unpaid Office Services

Elon Musk’s Twitter is facing yet another lawsuit over unpaid bills, this time from an Australian company specializing in project management and delivery.Facilitate alleges in a lawsuit filed last week in U.S. District Court for the Northern District of California that the social media firm owes over $700,000 for work in four Twitter offices outside the U.S. since last year. Twitter, owned by the world’s richest person, owes $40,777 for decommissioning and storing the contents of Twitter’s Sydney office, $257,444 for installing sensors in the London and Dublin offices, and $404,224 for outfitting the Singapore offices, according to the suit, first reported by NCA Newswire.Facilitate alleges it signed a master services agreement with Twitter in March 2021 after Twitter had used the Sydney-...
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Tesla: Tesla beats second-quarter delivery estimates as price cuts pay off
2Jul By adminNo Comments
Business

Tesla: Tesla beats second-quarter delivery estimates as price cuts pay off

Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and US federal credits helped make its electric vehicles more affordable.The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10% from the preceding quarter, and 83% higher from a year earlier.Analysts on average had expected Tesla to deliver 445,000 cars, according to nine analysts polled by Refinitiv, with the lowest estimate at 439,875 and highest at 450,000.The world's most valuable automaker produced 13,560 more vehicles than it delivered in the second quarter, although the gap has narrowed from 17,933 the first quarter."The price cuts was a smart poker move for Tesla and paying major dividends in the field, especially for the Ch...
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Mark Zuckerberg agrees to fight Elon Musk in cage match: “Send me location”
22Jun By adminNo Comments
Money

Mark Zuckerberg agrees to fight Elon Musk in cage match: “Send me location”

Elon Musk addresses Twitter controversies Elon Musk addresses Twitter controversies 01:59 Mark Zuckerberg has apparently agreed to fight Elon Musk in a cage match that would feature the billionaire leaders of two giant tech companies. Whether the two tech moguls are joking remains to be seen.While replying to a user discussing Meta's plans to build a Twitter rival, Musk challenged the company's founder on Wednesday to a "cage match" i...
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Twitter Employees Sue Social Media Company For Unpaid Bonuses
21Jun By adminNo Comments
Technology

Twitter Employees Sue Social Media Company For Unpaid Bonuses

Employees are suing Twitter over tens of millions of dollars in bonuses they say the social media company failed to pay despite promises it would.The lawsuit filed Tuesday in federal court in San Francisco claims that in the months leading up to billionaire Elon Musk’s acquisition of the company, executives including former finance chief Ned Segal “repeatedly” promised employees that 50% of their 2022 bonuses would be paid.The lead plaintiff, Mark Schobinger, served as Twitter’s senior director of compensation until last month. Lawyers for the plaintiff are seeking class action status on behalf of current and former Twitter employees. Shannon Liss-Riordan, an attorney for the plaintiffs, said the bonuses Twitter owes are in the “tens of millions of dollars.”Twitter, which has disbanded it...
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