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    Elon Musk completed his $44 billion purchase of Twitter in late October. Since then, Twitter has laid off around half its workforce, been delisted from the New York Stock Exchange, launched a new $8 per month subscription service for verified accounts, and seen a rise in impersonation accounts spreading misinformation. Several major companies have paused advertising on Twitter due to concerns about content moderation under Musk's leadership.

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    The downfall of Elon Musk’s bird.

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    Elon Musk completed his $44 billion purchase of Twitter in late October. Since then, Twitter has laid off around half its workforce, been delisted from the New York Stock Exchange, launched a new $8 per month subscription service for verified accounts, and seen a rise in impersonation accounts spreading misinformation. Several major companies have paused advertising on Twitter due to concerns about content moderation under Musk's leadership.

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    © All Rights Reserved
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    18 views3 pages

    X TWITTER Presentation

    Uploaded by

    scarlettfrancessca
    Elon Musk completed his $44 billion purchase of Twitter in late October. Since then, Twitter has laid off around half its workforce, been delisted from the New York Stock Exchange, launched a new $8 per month subscription service for verified accounts, and seen a rise in impersonation accounts spreading misinformation. Several major companies have paused advertising on Twitter due to concerns about content moderation under Musk's leadership.

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    © All Rights Reserved
    Download as KEY, PDF, TXT or read online from Scribd
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    of 3

    //What is going on at Twitter//

    © Ben Jones/NYTimes
    //What is going on at Twitter//

    Oct. 27,2022: Elon Musk bought Twitter for $44 billion (Twitter stock market is suspended)

    Oct. 31: Moody’s Investors Service downgraded Twitter’s corporate family ratings from Ba2 to B1

    Nov. 4: Twitter begins massive layoffs and cut roughly half of its 7,500 employees

    Nov. 8: Twitter is delisted and/or suspended from the NYSE and its shares will no longer trade on
    public markets (issued by the U.S. Securities and Exchange Commission (SEC))

    Nov. 9: Twitter launches a new subscription service—Twitter Blue, which allows users to have
    “verified account” with monthly fee of $8

    Nov. 10: A bunch of fake accounts impersonating public figures and brands on Twitter appeared—
    including fake accounts of LeBron James, Rudy Giuliani, Nintendo of America, and Tesla.

    © Barbara Ortutay/PBS
    //Top firms halt Twitter ads after Elon Musk take over (WSJ)//
    //Main reason//

    //Impacts for Musk’s Twitter//

    //Aftermath: increase in hate speech//


    Twitter before Musk

    Twitter after Musk

    © David Paul Morris/Bloomberg

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