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Twitter Accused Of Legal Violations During Mass Layoffs, Again

Allwork

What’s going on: In a move to reduce costs, Elon Musk’s purchase of the social media platform Twitter resulted in the laying off of nearly 3,700 staff members (nearly half of the company’s employees) back in early November. Subsequently, hundreds more chose to resign.

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Can The World’s Richest Person Actually Afford Twitter?

Allwork

The most recent of these acquisitions has been Elon Musk’s purchase of Twitter for $44 billion, but how he does so is still up for debate. . Musk is currently the world’s richest person but has brought together nine banks to help finance his purchase of Twitter. billion. . appeared first on Allwork.Space.

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Elon Musk To Attend First Company-Wide Twitter Meeting

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As the Twitter and Elon Musk deal sits in limbo, the Tesla CEO will attend a virtual all-hands meeting with employees this week. . This marks the first time Musk will directly address Twitter staff after he committed to purchasing the platform for $44 billion. The tension buildup to this meeting has been through the roof.

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Elon Musk Says “Twitter Deal Temporarily On Hold”

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Elon Musk has revealed that he is pausing his Twitter acquisition to further investigate the number of spam accounts on the platform. . Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted. .

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Elon Musk Files To Back Out Of Twitter Deal, Leading To A Legal Showdown

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Just days ago, Elon Musk made a move that likely did not come as a shock to anyone: he filed to back out of his Twitter acquisition deal. . While his attempt to cancel the deal is expected to rev up legal drama between the social media platform and the billionaire, Twitter employees are feeling defeated. . pic.twitter.com/JcLMee61wj.

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Elon Musk Faces Lawsuit Claiming Stock Manipulation

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Elon Musk is facing a lawsuit from a small group of Twitter shareholders who are claiming he is manipulating the social media firm’s stock. . Although Twitter’s shares have certainly been volatile, there may not be a clear-cut case of Musk attempting to manipulate the stock market.

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Twitter’s Remote Work Policy Is No More

Allwork

According to Musk, advertisers leaving Twitter has led to a $5 billion drop in annual revenue, yet another public blow inhis attempt to reimagine the social media company. Companies that have paused ad purchasing include General Mills, General Motors and United Airlines. .

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