From Divya Bhati The situation for Twitter changed in 2022. The San Francisco-based social networking firm is going through a lot right now, from Elon Musk being taken over to the elimination of about half of its global personnel. In short, Elon Musk said that he will rebuild Twitter and work on Twitter 2.0 shortly after purchasing the social media platform.
Elon Musk’s vision for Twitter 2.0 is to transform the microblogging platform into a “everything app.” Existing Twitter employees are undoubtedly not pleased with his new vision for the company or the new Twitter amid all the commotion and changes. They are advising potential employees to “stay away from Twitter 2.0” for the same reasons.
Employees at Twitter are leaving anonymous reviews on the Blind app’s Twitter 2.0 and claiming that the company’s present workplace environment is unhealthy. According to one of the app evaluations, “Musk altered everything, it’s a whole different firm now,” as reported by the Business Insider.
One of the Twitter employees discussed Twitter 2.0 on the anonymous site and gave the firm two stars, writing, “Work life balance is not fantastic post acquisition.” “Possibility of working with influence on numerous initiatives with considerable impact. Cons: There is no such thing as a decent work-life balance, and the hours are not worth it “One penned. Wake up and avoid using Twitter 2.0, a different unnamed Twitter employee advised the new hires. Another user commented, “Used to be a terrific place to work because of the culture and comp.”
Musk sacked tens of thousands of workers from various divisions all across the world shortly after the deal with Twitter was finalized. Employees received an ultimatum email from the new Twitter leader asking them to prepare for a “haгԀcore” work environment. Thousands of Twitter employees chose to resign with a 3-month severance package, while many more accepted the tough work environment.
Notably, Musk has already eliminated the habit of working from home at the Twitter office and has even installed bedrooms there in anticipation of employees working nonstop. Online, there have also been numerous images of Twitter offices with bedrooms, and even Elon Musk admitted that he works 120 hours a week while sleeping in the Twitter library. “My weekly workload increased from perhaps 70 to 80 hours to possibly 120. I go to bed, get up, work, get back to bed, and repeat those activities seven days a week “Tweeted he.
Elon Musk Dethroned as World’s Richest Man
Elon Musk, the CEO of Twitter, briefly lost the title of the richest person in the world on Wednesday as a result of his money playing ping-pong, according to Forbes.
Musk had previously held the top spot on the list with assurance, but his recent troubles and $44 bιllιon Twitter bet have led his net worth to change. As a result, according to Forbes, Bernard Arnault surpassed Elon Musk as the richest person in the world on Wednesday morning. Owner of the luxury conglomerate LVMH, which includes the labels Louis Vuitton, Givenchy, Hennessy, and Bulgari, the Frenchman is responsible for its success.
Musk had restored the crown by the afternoon, but Arnault had deposed him again within minutes. When the markets closed at 4 p.m. ET, according to Forbes, Musk had reclaimed the title of richest person, valued at $185.4 bιllιon compared to Arnault’s $184.7 bιllιon.
The two men’s net worths are comparable, so it “won’t be unexpected if they continue to flip flop in Forbes’ list of the world’s wealthiest,” the publication claimed.
Arnault’s current overtake of Musk is a significant development for the tech tycoon, whose estimated value earlier this year was more than $270 bιllιon. Musk has claimed that Twitter may potentially be in bankruptcy, yet a number of the adjustments he made at the company appeared to undermine market trust. The automotive company that first gave Musk his substantial wealth, Tesla, has seen a 50% year-over-year decline in share price, according to Forbes.
Elon Musk and Tim Cook Make Peace
The boss of Tesla and Twitter had declared wаг on Apple, which he accused of being an opponent of free speech.
Peace seems to have returned to Silicon Valley…for now.
Elon Musk, the richest man in the world, declared wаг on Apple ( AAPL ) – Get Free Report, the largest company in the world, on November 28.
The battle between the two giants was beginning to fascinate business circles and social networks where everyone took sides and wondered which of the two giants was going to give in.
In a series of tweets, Musk accused Apple of becoming America’s free speech censor. He claimed, without providing details and evidence, that the iPhone manufacturer had threatened to stop distributing the Twitter app on the App Store.
“Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk said on Twitter on November 28.
‘Good Conversation’
The obvious reason, however, is that the philosophies of the two companies diverge on the management of disinformation and hateful, racist and anti-Semitic content.
The bιllιonaire also posted a photomontage showing a car a moment before taking a highway exit. The direction sign shows that by continuing straight the car would have paid 30%, but by leaving the highway the vehicle would go to wаг.
Musk wrote that he was the vehicle. The 30% was a reference to the fee that the maker of the iPad and the Apple Watch applies to in-app sales and purchases.
“The Musk vs Apple new battle is not what investors want to see,” commented Wedbush analyst Dan Ives. “The Street wants less Ԁrama, not more as this Twitter situation remains the gift that keeps on giving for the Tesla bears with every day a new chapter.”
This message seems to have resonated with the two belligerents since, 48 hours later, Musk has just announced that he met Cook at Apple’s headquarters in Cupertino on November 30 and that their disputes are now settled.
“Good conversation,” the Techno king wrote on Twitter. “Among other things, we resolved the misunderstanding about Twitter potentially being removed from the App Store.”
He added: “Tim [Cook] was clear that Apple never considered doing so.”
The serial entrepreneur also published another post accompanied by a video apparently taken at Apple headquarters.
“Thanks @tim_cook for taking me around Apple’s beautiful HQ,” Musk said.
How Long Will Peace Last?
For a long time, the two rivals never turned to direct cоnfrоntatιоn, preferring to challenge each other indirectly. But when Musk became the owner of Twitter ( TWTR ) – Get Free Report on October 27, the clash became inevitable.
That’s because Apple is an app distributor, and its content policy diverges from the approach of Musk, who regards himself as a “free-speech absolutist”, even when it comes to hate speech.
In the name of free speech, Musk has reactivated former President Do𝚗alԀ Trᴜмр’s account and accounts known for anti-transgender posts like those of the conservative satirical site Babylon Bee and the Canadian conservative psychologist Jordan Peterson.
Musk also announced a general amnesty for all banned accounts, after having run a survey on the platform.
The problem is that this strategy clashes with the philosophy of Apple and Alphabet. As app distributors, Apple via Apple Store and Google via Google Play, both companies have strict policies regarding hateful speech.
“When people install an app from the App Store, they want to feel confident that it’s safe to do so — that the app doesn’t contain upsetting or offensιve content, won’t damage their device, and isn’t likely to cause physical harm from its use,” the iPhone maker says in the App Store guidelines. “If you’re looking to sh*** and offend people, the App Store isn’t the right place for your app.”
The question now is whether the peace between Musk and Apple will last. In the past, the bιllιonaire made agreements that he later denounced. This was the case with the acquisition of Twitter which was strewn with multiple twists.
In October, Musk predicted that Tesla’s ( TSLA ) – Get Free Report valuation would reach at least $4.5 trillion in the next few years.
Apple is currently the world’s most valuable company, with a market value of $2.35 trillion at last check, according to companiesmarketcap.com. Saudi Aramco, which is benefiting from soaring oil prices, has a market value of $1.96 trillion.
Between them, the two largest companies in the world are worth $4.3 trillion.
Currently, Tesla, the EV maker, has a market capitalization of more than $606 bιllιon. The manufacturer of electric vehicles had, at one point, crossed the symbolic valuation threshold of $1 trillion.