Tag: execs
: Elon Musk completes Twitter purchase, fires CEO and other top execs: reports
Elon Musk is reportedly now officially in charge at Twitter, fires top execs
Elon Musk is reportedly now officially in charge of Twitter, setting the scene for the platform’s looming descent into a microblogged reenactment of Lord of the Flies. And apparently he’s already started cleaning house.
According to CNBC’s David Faber, Twitter CEO Parag Agrawal and CFO Ned Segal have left the company’s headquarters in San Francisco for the last time, shoved out the door by Musk’s decree. They aren’t the only executives that Musk has apparently fired either, with sources speaking to The New York Times adding head legal and policy executive Vijaya Gadde and general council Sean Edgett to the list of those let go.
Musk’s $44 billion acquisition of Twitter was expected to result in staff cuts, with the wealthiest individual in the world having previously stated he planned on reducing the company’s workforce by up to 75 percent. This would mean letting go of up to 5,000 employees.
There were some doubts as to whether Musk would actually follow through with his proposed cuts, and a handful of high-powered CEOs is a far cry from thousands of workers. But it wouldn’t be surprising if Musk is just getting started.
Bloomberg also reports that Musk has asked Twitter’s engineers to meet with Tesla engineers according to its sources. The former reportedly showed the latter the company’s code so they could run Musk through it.
Yesterday Musk tweeted a video of himself carrying a sink into Twitter’s headquarters, captioned “Entering Twitter HQ – let that sink in!” He also tweeted a message to advertisers, attempting to keep the money rolling in by reassuring them Twitter will remain a safe space for ads, honest. Musk’s laissez-faire view of content moderation has resulted in concerns Twitter may become a platform brands hesitate to associate with — apprehension he likely wants quash before it dries up Twitter’s primary revenue stream.
Acquiring a company and immediately firing the people who’ve been running it seems like a pretty risky idea, particularly on the first day before you even have your feet beneath you. Then again, Musk isn’t exactly known for his thoughtful, considered decision-making. We’ll see how it works out for him.
This is a developing story…
Elon Musk fired top Twitter execs including CEO, reports say
Elon Musk fired key Twitter executives Thursday, one of his first moves as the official owner of the social media platform. According to reports from the New York Times, CNBC, the Wall Street Journal, the Washington Post and other outlets, Musk fired CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett, and head of […]
Elon Musk fired top Twitter execs including CEO, reports say by Amanda Silberling originally published on TechCrunch
Google execs knew ‘Incognito mode’ failed to protect privacy, suit claims
A federal judge in California is considering motions to dismiss a lawsuit against Google that alleges the company misled them into believing their privacy was being protected while using Incognito mode in the Chrome browser.
The lawsuit, filed in the Northern District Court of California by five users more than two years ago, is now awaiting a recent motion by those plaintiffs for two class-action certifications.
The first would cover all Chrome users with a Google account who accessed a non-Google website containing Google tracking or advertising code and who were in “Incognito mode”; the second covers all Safari, Edge, and Internet Explorer users with a Google account who accessed a non-Google website containing Google tracking or advertising code while in “private browsing mode.”
Why sustainable tech is becoming a top initiative for execs
Sustainable technologies can increase the efficiency of IT services (and boost overall enterprise efficiency) using technologies such as traceability, analytics, artificial intelligence and renewable energy — and the issue is now a top 10 initiative for CEOs, CIOs, and other top executives, according to a new report by research firm Gartner.
Gartnes found that the issue of sustainability traverses all of the strategic technology trends for 2023. Amd by 2025, 50% of CIOs will have performance metrics tied to the sustainability of the IT organization.
The findings are part of a report on the 10 top strategic tech trends organizations need to explore in 2023. Gartner announced the findings during its IT Symposium/Xpo this week in Orlando. Environmental sustainability was in 14th place in 2019 and 20th in 2015.
Former Everyrealm execs sue company for sexual harassment, race discrimination
Everyrealm, a metaverse real estate company that spun out of Republic’s crypto arm in February, is facing two lawsuits first filed in August from former directors at the company who allege they each faced numerous, separate instances of discrimination and harassment while working there. In addition to the company itself, multiple Everyrealm executives are also […]
Former Everyrealm execs sue company for sexual harassment, race discrimination by Anita Ramaswamy originally published on TechCrunch
The Uber Data Breach Conviction Shows Security Execs What Not to Do
Ex-PG&E Execs Agree to $117 Million Wildfire Settlement
The consequences for Pacific Gas & Electric’s negligent involvement in the ignition of multiple deadly wildfires across California continue to mount. A group of 20 former executives at the utility company reached a $117 million settlement regarding the 2017 North Bay fires and 2018 Camp fire Thursday, the Los Angeles…
Former MoviePass execs are being sued by the SEC for lying to customers
Ahead of the official relaunch of subscription-based movie ticketing service MoviePass, the Securities and Exchange Commission (SEC) filed a complaint against three of its former executives, claiming they lied to investors and the public. The SEC filing targeted former MoviePass CEO Mitch Lowe and Ted Farnsworth, the former CEO of parent company Helios and Matheson […]
Former MoviePass execs are being sued by the SEC for lying to customers by Lauren Forristal originally published on TechCrunch