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X (formerly Twitter)

X (formerly Twitter)221 posts

X, formerly known as Twitter, is an online service that lets users send and read short messages. The site is used by celebrities, brands and journalists to distribute news directly to their fans. The site was launched in July 2006 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass. The company was listed on the New York Stock Exchange on November 7, 2013. The company was purchased by Elon Musk, for $44 billion, in September 2022 and rebranded as X on July 24, 2023.

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12 Sep, 2014

‘Discussed infiltrating Mexican border’

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A counter-terror official says ISIS militants have discussed the possibility of entering the U.S. via the Mexican border over social media, but says the Department of Homeland Security believes the border currently remains safe. Francis Taylor, DHS undersecretary for intelligence and analysis:

There have been Twitter and social-media exchanges among ISIL adherents across the globe speaking about that as a possibility. [DHS is] satisfied that we have the intelligence and the capability at our border that would prevent that activity.

Quits Twitter and Gawker

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On the Re/code Decode podcast Dunham tells Swisher she has quit Twitter and Gawker citing verbal abuse and body-shaming.

I don’t look at Twitter anymore. I tweet, but I do it through someone else. I really appreciate that anybody follows me at all, and so I didn’t want to cut off my relationship to it completely, but it really, truly wasn’t a safe space for me.

She says the decision was prompted after she posted a picture of herself in her boyfriends’ shorts:

It wasn’t a graphic picture. I was wearing men’s boxers, and it turned into the most rabid, disgusting debate about women’s bodies, and my Instagram page was somehow the hub for misogynists for the afternoon.

She also says she has stopped reading Gawker and Jezebel:

I used to read Gawker and Jezebel in college and be like, ‘I can’t wait to get to New York where my people will be to welcome me.’ And it’s like, it’s literally, if I read it, it’s like going back to a husband who beat me in the face — it just doesn’t make any sense.

13 Oct, 2015

336 jobs cut

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In a posting to the Securities and Exchange Commission, Twitter announces that 336 jobs will be cute, 8% of its workforce.

The restructuring is part of an overall plan to organize around the Company’s top product priorities and drive efficiencies throughout the Company. The Company intends to reinvest savings in its most important priorities to drive growth…The roadmap is also a plan to change how we work, and what we need to do that work. Product and Engineering are going to make the most significant structural changes to reflect our plan ahead. We feel strongly that Engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce. And the rest of the organization will be streamlined in parallel.

5 Oct, 2022

Musk SEC letter confirming Twitter purchase released

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Musk’s letter [link] to the SEC, confirming purchase of Twitter, is released. The purchase is conditional on debt financing and a stay of action of the Twitter-Musk court case.

Gentlemen: On behalf of X Holdings I, Inc., X Holdings II, Inc. and Elon R. Musk (the “Musk Parties”), we write to notify you that the Musk Parties intend to proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement, on the terms and subject to the conditions set forth therein and pending receipt of the proceeds of the debt financing contemplated thereby, provided that the Delaware Chancery Court enter an immediate stay of the action, Twitter vs. Musk, et al. (C.A. No. 202-0613-KSJM) (the “Action”) and adjourn the trial and all other proceedings related thereto pending such closing or further order of the Court.

11 Oct, 2022

Musk spoke to Kanye before Twitter block

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Musk says he spoke to Kanye West to express his concerns about the musician’s recent tweet about Jewish people. Kanye’s account was locked just a day after he returned to the platform for the first time in nearly two years.

Talked to ye today & expressed my concerns about his recent tweet, which I think he took to heart

Zuckerberg: Musk Twitter deal ‘unclear’

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Zuckerberg says he doesn’t know how Musk’s Twitter deal will turn out:

I don’t know. I think this is another one of these things that it’s really unclear how it’ll actually turn out. I think it’s interesting as a saga, like you’re saying, but I think even at this point, it’s not actually clear what’s going to happen.

Mark Zuckerberg on the Quest Pro, metaverse, Elon's Twitter takeover and more

20 Oct, 2022

Musk: ‘Obviously we’re overpaying for Twitter right now’

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During Tesla’s third-quarter earnings’ call. Musk says that, while he is overpaying for Twitter now, it will be worth it in the long-term

I am excited about the Twitter situation. It’s an asset that has languished for a long time, but it has incredible potential. Although myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter is an order of magnitude greater than its current value.”

The Twitter stock price on this day is $52.42, compared with Musk’s $54.20 offer.

21 Oct, 2022

Musk wants to fire 75% of Twitter staff

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Elon Musk tells prospective investors that, after his purchase on October 28,  he plans to get rid of nearly 75% of Twitter’s 7500 workers, reducing the staff to  2000. Musk has told investors that he plans to double revenue in three years, by reducing costs and tripling the number of users that can view ads.

In June, Musk said he didn’t see a reason low performers should remain employed. Twitter’s top lawyer sent out a note to all employees saying the company did not have any confirmation from Musk about his plans. Human resources staff at Twitter have told employees that they aren’t planning for mass layoffs, but documents show that extensive plans to cut staff and reduce infrastructure costs were already in place before Musk offered to buy the company. Those plans are currently on hold, until after the purchase.

25 Oct, 2022

Musk says Twitter deal will close on Friday

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In a video call with bankers who are providing $13 billion in debt financing to his purchase of Twitter, Musk says that he will close the deal on Friday, 28 October. Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag plus closing costs. Equity investors, including Sequoia Capital, Binance, Qatar Investment Authority and others have received paperwork for the financing commitment from Musk’s lawyers.

Musk has to comply with a Delaware court judge’s deadline to complete the transaction by the 28th. Twitter declined to comment.

26 Oct, 2022

Musk carries a sink into Twitter HQ

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In a physical play on words, Musk walks into Twiter HQ carrying a sink

Entering Twitter HQ – let that sink in!

He also updated his Twitter bio to ‘Chief twitt’ and changed his location to Twitter headquarters.

27 Oct, 2022

Musk: ‘Dear Twitter Advertisers’

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In a tweet titled, ‘Dear Twitter Advertisers’, Musk says he bought the company to ‘help humanity’, that it must be ‘warm and welcoming to all’ and that ‘ advertising, when done right, can delight, entertain and inform’:

I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong. The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.

In the relentless pursuit of clicks, much of traditional media has fueled and catered to those polarized extremes, as they believe that is what brings in the money, but, in doing so, the opportunity for dialogue is lost. That is why I bought Twitter. I didn’t do It because it would be easy. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failure in pursuing this goal, despite our best efforts, is a very real possibility.

That said, Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.

I also very much believe that advertising, when done right, can delight, entertain and inform you; it can show you a service or product or medical treatment that you never knew existed, but is right for you. For this to be true, it is essential to show Twitter users advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content! Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise. To everyone who has partnered with us, I thank you. Let us build something extraordinary together.

28 Oct, 2022

Musk to form Twitter ‘moderation council’

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Musk says Twitter will be forming a ‘content moderation council’ to deal with account bans and reinstatements.

Musk comments on people pretending to be laid-off Twitter workers

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Musk makes a comment about two men who claimed they were software developers laid off by Twitter, one of whom identified himself as “Rahul Ligma”, a name that does not appear in  Twitter’s Slack or email system. There is no evidence that the employee exists on LinkedIn, while the name ‘Ligma’ an internet hoax designed to elicit the response “lick my balls” from people who are in on the joke.

Musk responds:

Ligma Johnson had it coming

31 Oct, 2022

Musk: Twitter lawyers hid evidence

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Musk shares internal Twitter communications that he says were hidden by Twitter’s lawyers, Wachtell, Lipton, Rosen & Katz. The messages were written by Yoel Roth, Head of Safety & Integrity at Twitter, apparently about Amir Shevat, Head of Product, alleging Shevat was using ‘fraudulent metrics’ and may be actively trying to hide the ball’, which was what Musk was accusing the company of. Roth’s messages:

But also lol if Amir continues to BS me my escalation route is “Amir’s OKRs are entirely based on fraudulent metrics ad he doesn’t care an may be actively trying to hide the ball”

Literally doing what Elon is accusing us of doing

Musk says:

Wachtell & Twitter board deliberately hid this evidence from the court. Stay tuned, more to come …

Musk later clarifies that he supports Roth:

I want to be clear that I support Yoel. My sense is that he has high integrity, and we are all entitled to our political beliefs.

1 Nov, 2022

Musk debates Twitter verification fee with King

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After Stephen King complains that he will leave Twitter if he is made to pay $20 a month to keep his ‘blue tick’:

$20 to keep my blue check? F*** that, they should pay me. If that gets instituted, I’m gone like Enron

Musk debates the fee amount with him:

We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about $8.

2 Nov, 2022

Musk jokes it will cost $8 to complain about Twitter

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Musk says that it will cost $8 to complain about Twitter. He says he stole the idea from Monty Python sketch, called The Argument,

To all complainers, please continue complaining, but it will cost $8

3 Nov, 2022

Musk: Twitter is a ‘collective, cybernetic super-intelligence’

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Musk compares Twitter to a super-intelligent organism:

Because it consists of billions of bidirectional interactions per day, Twitter can be thought of as a collective, cybernetic super-intelligence…… with a lot of room for improvement

Followed up with:

A neuron doesn’t realize it’s a neuron