Following the rebranding of Twitter CEO Elon Musk to X, numerous cryptocurrency projects, including AI-X, X-Coin, and X token, have seen large pumps and dumps. This emphasises the significance of conducting careful study and exercising due diligence before investing in a cryptocurrency. Market share has been controlled by X currencies, …
Read More »Bluesky invites now hot commodity on higher demand
Bluesky, the Jack Dorsey-backed Twitter alternative, has seen over 375,000 worldwide installs on iOS as of April 26, 2023, and has been ranking highly on Apple and Google’s app stores’ top charts by downloads. Excitement for Bluesky has also been climbing in recent weeks, with the highest level of daily …
Read More »Elon Musk is assembling a team to develop a competitor to ChatGPT
A report by The Information on Monday quoted people familiar with the matter as saying that Elon Musk has approached AI researchers in recent weeks about setting up a new research lab to develop an alternative to OpenAI’s ChatGPT. The report stated that Musk, the head of Tesla and Twitter, …
Read More »Musk slashes Twitter’s workforce on claims about revenues
News outlets published claims that Twitter’s entire curation team was fired. Elon Musk ended his first week as Twitter’s owner with an indelible mark by slashing, by some estimates, up to half of the company’s workforce with little notice and abruptly cutting off employees’ access to their computers and work …
Read More »The Kremlin: Elon Musk’s proposal for a peace agreement with Ukraine is a “positive step”
The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict. Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was …
Read More »Elon Musk cites whistleblower claims in latest effort to scrap Twitter deal
Elon Musk’s legal team has given another notice to terminate its $44 billion deal to buy Twitter, citing additional reasons. The latest notice comes after Twitter’s former security chief alleged deficiencies in its security, privacy and content moderation systems earlier this month. On July 8, Musk’s legal team initially filed …
Read More »Musk, Twitter Exchange Accusations Over $44 Billion Deal
Last April, Elon Musk made a $44 billion offer to buy Twitter before he decided in July that he wanted to cancel the deal. On the other hand, Twitter said this does work works when one has already made a legally binding commitment. US courts now have the mission and …
Read More »Declining Ad spending hits social media firms, but not equally
The one thing Google, Snapchat, TikTok and Facebook all have in common is their business model that rely a lot on selling advertisements. This is why they of course share something else: a problem. Google is expected to comprise 30% of total worldwide digital ad revenues this year. Snapchat and …
Read More »Social Media Stocks Crash
US stocks retreated on Friday, snapping a three-day winning streak, as some surprisingly weak quarterly updates from companies spooked investors.The S&P 500 fell 37.32 points, or 0.9%, to 3961.63 a day after the broad benchmark index jumped 1%. The Dow Jones Industrial Average edged down 137.61 points, or 0.4%, to …
Read More »US Equities suddenly fall as earnings season commences
US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …
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