Business

Fear and dread rippled throughout Twitter headquarters on Thursday, as 7,500 employees from San Francisco to Singapore believed that almost half of the staff will be laid off, according to current and former employees and message board messages published by Reuters. Since last week, when billionaire Elon Musk assumed control, he has kept employees in the dark. Multiple employees reported …

In the Philippines, Indonesia, and Malaysia, Ninja Van, a tech-enabled express logistics firm that provides hassle-free delivery solutions across Southeast Asia (SEA), is designated as TikTok Shop’s logistics partner. Through this collaboration, online purchases made on TikTok Shop in the Philippines, Indonesia, and Malaysia will be collected from sellers, sorted at hubs, and delivered to customers by Ninja Van. Ninja …

Mark MacGann, the whistleblower behind the so-called Uber Files, stated on November 2 that the ride-hailing company appeared to be changing its workplace culture, but that its business model remained “clearly” unsustainable. The Guardian and Le Monde newspapers claimed in July that Uber Technologies Inc violated regulations and secretly lobbied lawmakers between 2013 and 2017 as part of an aggressive …

Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund that manages more than $284 billion in assets worldwide, and private equity firm KKR have formed an alliance in which they will co-invest in performing private credit opportunities in the Asia-Pacific region to address a lack of capital and support the long-term growth plans of businesses. As part of their “strategic relationship,” …

Elon Musk, CEO of Tesla, announced in a filing on Monday that he will serve as CEO of Twitter, the social media business he just acquired for $44 billion, a move that Wall Street analysts say will strain the billionaire’s resources. Musk, who also operates rocket company SpaceX, brain-chip startup Neuralink, and tunneling company the Boring Company, ousted Twitter’s former …

Instagram made the announcement that it has ended an outage that had begun on Monday evening and continued into Tuesday morning, November 1. Due to the outage, some users were unable to access their accounts, while others received a notification from Instagram stating that their accounts will be suspended on October 31, 2022. It also resulted in sudden declines in …

Elon Musk, the new owner of Twitter, tweeted an anti-LGBT conspiracy theory about the night US Speaker Nancy Pelosi’s husband was attacked, then removed the remark hours later. The contradictory actions of Musk, a self-proclaimed “free speech absolutist,” threw further doubt on the future course of the social media platform under his new ownership. It also highlighted the enormous megaphone …

The billionaire owner of Twitter Inc was inundated with pleadings and demands from banned account holders and world leaders within hours after Elon Musk inaugurated a new era for the company. As he had promised in an open letter to advertisers on Thursday, the CEO of electric vehicle manufacturer Tesla Inc faces the challenge of restoring free speech while keeping …

The New York Stock Exchange will suspend trading of Twitter shares on Friday, October 28, according to its website, as billionaire Elon Musk confronts a court-ordered October 28 deadline to conclude his $44 billion bid for the social media company. Musk, the world’s richest person, visited Twitter’s offices in San Francisco on Wednesday and updated his profile bio to “Chief …

As firms across the globe, such as Adidas AG, severed connections with Kanye West, music streaming service Spotify Technology stated that it would not remove the rapper’s songs until his label requested it. The music of the singer now known as Ye did not break anti-hate laws, according to Spotify CEO Daniel Ek. Ek stated that if the rapper’s recent …