Jack Dorsey, a co-founder of Twitter, issued an apology on Saturday for the business’s “very rapid” growth, a day after Elon Musk, the new owner, forced the layoffs of about half the company’s workforce.
“People on Twitter, both in the past and the present, are strong and tough. “No matter how hard things are, they will always find a way,” Dorsey wrote in a tweet. “I know that many people are mad at me. I am to blame for everyone being in this mess because I grew the company too quickly. I’m sorry about that.”
According to documents filed with the U.S. Securities and Exchange Commission, Twitter had about 2,000 employees as of June 30, 2013, just a few weeks before it went public. At the end of 2017, the company had more than 7,500 full-time workers.
On October 28, Tesla and SpaceX CEO Elon Musk bought Twitter. Soon after, the company laid off a lot of people. According to emails obtained by CNBC, Twitter told its employees Thursday night that it would start letting people go.
According to three letters the company sent to local authorities and that CNBC got a hold of, a total of 983 employees in California were affected by the layoffs.
Musk wrote in a tweet on Friday afternoon, “Regarding Twitter’s reduction in force, unfortunately, there is no other choice when the company is losing over $4M per day. Everyone who left the company was given three months of severance pay, which is 50% more than the law requires.
Twitter laid off more people than just in California, and CNBC could not confirm right away if Musk’s account is true. If the company lost $4 million every day, it would lose about $1.5 billion every year.
Dorsey, along with Noah Glass, Biz Stone, and Evan Williams, helped start Twitter in 2006. Dorsey was CEO twice, during times when the top job changed hands, and he quit as CEO last year. Dorsey was replaced as CEO by Parag Agrawal, who was the company’s CTO at the time. Agrawal left the company when Musk took it over.
Dorsey now only works on running his payments company, Block, which used to be called Square. He has been a strong supporter of Musk’s plan to take over the company. In a tweet, he said, “This is the right path. I believe it with all my heart.”
Kathy Griffin Suspended From Twitter for impersonating Elon Musk
Twitter has suspended comedian Kathy Griffin for pretending to be Elon Musk, the new owner of the company.
Griffin seemed to be the first famous person to lose her ability to tweet after a number of well-known users posed as Musk over the weekend. They did this to show that the social media company’s plans for a new verification system might have flaws.
Musk has made an $8 plan to subscribe to Twitter his signature way to bring in more money for the company. Before the company decided to delay the service until after the midterms, the new plan was rushed into place over the weekend.
Can an $8 Twitter Blue subscription bail out Elon Musk?
Let's look at the numbers… 🔢 https://t.co/lKp1tMKCmk
— Matt Navarra (@MattNavarra) November 8, 2022
With the updated Twitter Blue plan, people who pay for it can now get a blue checkmark on their profiles. Before only verified celebrities, politicians, journalists, and other public figures could do this. Musk suggested the new feature as a way for the platform to fight spam.
But the plan was criticized by a lot of people, so over the weekend, some celebrities on the platform pretended to be Musk by putting a blue checkmark on their profiles and posing as him.
Sarah Silverman copied Elon Musk’s profile picture, cover image, and name on her verified account to troll him. The only thing that made it clear that a tweet was from Sarah K. Silverman was the @SarahKSilverman handle.
“I am an absolute supporter of freedom of speech, and I eat doody every morning for breakfast,” Silverman tweeted on Saturday. Her account also shared tweets that helped Democrats.
Sunday, Silverman’s account was marked as “temporarily restricted,” and visitors were warned that “there has been some strange activity from this account” before they could see his profile. The comedian then changed her account back to how it was before, with her own name and picture.
Valerie Bertinelli, a TV actress, also changed her account name to the CEO’s. On Friday, she tweeted that “the blue checkmark just meant your identity was verified. Scammers wouldn’t be able to pose as you as easily. No longer holds true. Have a good time out there! She then wrote in response to a follower who asked why the checkmark no longer worked: “You can buy a blue checkmark for $7.99 a month without having to prove who you are.”
After changing her profile name to Musk, Bertinelli tweeted and retweeted support for several Democratic candidates and hashtags, such as “VoteBlueForDemocracy” and “#VoteBlueIn2022.
Sunday, the actress changed her account name back to Valerie Bertinelli and tweeted, “Okay, I’ve had my fun and I think I’ve made my point.”
Musk tweeted on Sunday that “going forward, any Twitter handles engaging in impersonation without clearly specifying “parody” will be permanently suspended.” He also tweeted that changing your name on Twitter will “cause temporary loss of verified checkmark.”
Musk also said that Twitter users will no longer get a warning before they are banned. “This will be made clear as a requirement for signing up for Twitter Blue,” he wrote on Twitter.
Griffin’s account was still suspended as of Monday morning, and it wasn’t clear for how long. Musk made fun of Griffin on Sunday, tweeting that “she was banned for pretending to be a comedian.” Musk also said that Griffin could get her account back if she paid $8 a month for Twitter Blue, but it wasn’t clear if he was serious.
Griffin was fired from CNN in 2017 after he was photographed holding up a bloody head that looked like President Trump’s. Griffin and Anderson Cooper had co-hosted the New Year’s Eve show for ten years.
Accounts are being shut down because Musk bought the company and promised to bring back the accounts of people who had been banned from the platform, including Trump. Musk has also said that the company’s content restrictions will be lessened and that a paid subscription will be needed to verify an account.
To independent-minded voters:
Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic.
— Elon Musk (@elonmusk) November 7, 2022
In the past few months, Musk has talked about conspiracy theories about the attack on Paul Pelosi, called Democrats the “party of division and hate,” compared Twitter’s former CEO to Joseph Stalin, and said that “the woke mind virus will destroy civilization.”
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