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Elon Musk Takes Full Control of Twitter

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Elon Musk Takes Full Control of Twitter

Twitter is now in full control of billionaire Elon Musk after CEO Parag Agrawal, and CFO Ned Segal departed the company’s headquarters and will not return.

According to the Washington Post, Vijaya Gadde, the head of Twitter’s legal policy, trust, and safety, was also sacked.

Elon Musk has requested engineers from Tesla Inc., the electric vehicle firm he oversees, to meet with product leaders at Twitter Inc., pushing quickly to make an impression on the company he is about to take private.

Musk’s representatives say Twitter’s engineers can no longer make code updates as of midday in San Francisco.

Musk had until Friday to finalize his $44 billion purchase of Twitter or face legal action from the company.

Twitter accepted Musk’s offer to buy the social media site and take it private in April.

On the other hand, Elon Musk quickly cast doubt on his plans to follow through on the deal, claiming that the firm failed to sufficiently reveal the number of spam bots and phony accounts on the service.

elon musk twitter

When Elon Musk announced his intention to end the agreement, Twitter sued him, stating that he “refuses to honour his responsibilities to Twitter and its stockholders because the agreement he signed no longer serves his personal interests.”

In the following months, Twitter and Musk traded barbs through their attorneys as the two sides prepared to go to Delaware’s Court of Chancery to determine the company’s fate and if it would end up in Musk’s hands.

According to Fox News, Musk stated marketers on Thursday to ensure them that social messaging services will not descend into “a free-for-all hellscape, where anything can be said without any consequences!”

“I acquired Twitter because I believe it is critical to the future of civilization to have an open and shared town square.

Where a wide range of thoughts and opinions can be argued healthily, without cancellation o violence,” Musk stated in the message.

“There is currently a significant risk that social media may splinter into far-right and far-left echo chambers, generating more hate and dividing our society.”

Musk made a big sensation on Twitter yesterday with a video of himself stepping inside the tech giant’s offices ahead of his acquisition.

Elon Musk posted a video of himself going into Twitter’s foyer while carrying a sink.

“Welcome to Twitter HQ!” Musk said, making a visual joke. Many Musk supporters and other conservatives backed the billionaire. “Let Freedom Ring!” exclaimed GOP commentator Wesley Hunt.

“I can’t even compute how much money I’d pay to read the Slack chat of Twitter employees today,” Substack journalist Glenn Greenwald commented. “Definitely would pay extra to hear the views of ‘Content Moderators.'”

“Elon is about to make Twitter great again,” conservative comedians the Hodge Twins claimed.

“Boy, it makes me thrilled to see Elon Musk visiting Twitter HQ after 13 years on this platform getting censored, shadow banned, and losing followers. LET FREEDOM RING!” journalist Emily Miller wrote on Twitter.

“If you didn’t appreciate The Babylon Bee calling an adult male a man, you could have just stopped following them on Twitter,” The Daily Wire’s Frank J. Fleming pointed out.

Others, on the other hand, did not find Musk’s film amusing.

CNN expert Juliette Kayyem commented, “This is cruel.” “Whatever the masters of the universe do with this website, a lot of people will lose their jobs — not fancy people, simply people with kids and houses and holiday plans who make corporations operate and rich men richer.”

Mississippi Free Press reporter Ashton Pittman tweeted, “He’s such a piece of trash.”

“A tech millionaire with very strong, quirky, and frequently half-baked political beliefs, fueled by immense ego, is live-tweeting his takeover of this platform,” said Der Spiegel journalist Mathieu von Rohr.

The nine-second video received over 16 million views in just a few hours.

Musk’s Twitter bio was also altered to “Chief Twit,” and he later posted, “Meeting a lot of fascinating people at Twitter today!”

Conservatives have broadly applauded Musk’s takeover, citing the billionaire tycoon’s support for free speech ideals, while liberals have warned that Musk will enable “misinformation” and hateful content to proliferate and may reestablish former President Trump’s Twitter account.

Source: Fox, VOR News

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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GameStop Boosts Profits in after-hours Trading, Despite the risk of Mood swings.

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GameStop
Image: Shutterstock

(VOR News) – The share price of the meme stock behemoth GameStop (NYSE: GME) had a big boost, which resulted in the continuation of the gains that were registered earlier in the week.

Gains in broader markets are reflecting an optimistic sentiment for risk assets, which includes bitcoin, despite the fact that recent political events, such as the attempted assassination of presidential candidate Donald Trump on Saturday, have resulted in the occurrence of such events.

following reaching a high of $29.96 following the closing bell of the New York Stock Exchange, the stock is currently trading at roughly $29.60. This is the current price of the stock.

Statistical analysis reveals GameStop that this is the case.

In most cases, trading for GameStop GME and other stocks that are listed on the New York Stock Exchange (NYSE) takes place via electronic communication networks after the market has closed. Trading is able to take place outside of the normal market hours as a result of these platforms.

This followed the stock’s climb on Monday, which was the highest point it has achieved in a month, as well as a 13% advance over the course of the previous thirty days. The increase in the stock’s price occurred on Monday.

GameStop, which is frequently referred to as the “meme stock,” gained a significant amount of attention at the beginning of 2021 when retail investors on the Reddit group r/WallStreetBets started purchasing shares in massive quantities. As a consequence, this led to one of the most consequential short squeezes in the entire history of the market.

The initial excitement had diminished by the beginning of February of that year; nonetheless, GameStop has continued to capture the interest of investors, particularly when it began taking steps to diversify its business. This is particularly true after the company began to take steps to diversify its business.

The recent news made by GameStop that they will be offering a reward of $25,000 for a rare Lionel Messi sticker from the 2024 Panini Copa America collection has garnered some attention with its announcement. This statement is illustrative of the company’s mission to expand outside the traditional video gaming market it has been operating in.

This may be playing into the hands of risk on traders who are anticipating that the Federal Reserve of the United States will begin cutting interest rates as soon as September, according to the CME FedWatch Tool. Traders are assuming that the Federal Reserve will implement this change.

There is a significant possibility that additional liquidity would be introduced into markets as a result of reduction, particularly in the case of small-cap public stocks.

The Russell 2000 Index, which is a measurement of the performance of two thousand small-cap companies in the United States, has witnessed a twelve percent increase over the course of the last five trading days.

This change occurred during the GameStop period of the last five trading days.

The importance of interest rates lies in the fact that they have an impact not only on the price of borrowing money but also on the profits made from investments. There is a positive feedback loop between the Federal Reserve’s decision to cut interest rates and the increased affordability of borrowing money, which in turn supports both consumption and investment.

A bigger quantity of money is invested in a range of assets, including stocks and cryptocurrency, which leads to an increase in the market’s liquidity. This is the result of the aforementioned phenomenon.

Recent market action, including that of GameStop and small-cap stocks, is consistent with broader market trends. This can be observed by the fact that important U.S. indices have ended at record highs, which is evidence of the consistency of the market.

This week, the value of the Dow Jones Industrial Average has increased by 2%, reaching a closing price of 40,954.48, indicating that the value has increased. The numbers from the market indicate that the S&P 500 has also grown by 0.69%, reaching a high of 5,667.20, while the Nasdaq Composite has increased by 0.21%, reaching 18,510.86 altogether. Both of these figures are for the same period of time.

SOURCE: CN

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Alphabet is Considering Acquiring Wiz, a Cybersecurity startup, for $23 Billion.

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Alphabet
PHOTO: REUTERS

(VOR News) – A person who is familiar with the matter and spoke to the media on Sunday revealed that Alphabet, the parent company of Google, is reportedly in advanced discussions to acquire the cybersecurity startup Wiz for approximately $23 billion.

This information was brought to the attention of the media. This particular piece of information was supplied by the individual who addressed the media.

If this transaction were to be finalized, the corporation that dominates the technology industry would be making its most significant acquisition to this point.

The acquisition, which is being funded primarily through cash, may be finalized in the not too distant future, according to a source who spoke on condition of anonymity while expressing their opinion.

Source provided Alphabet information on condition it stay private.

Wiz, a software company that was established in Israel and currently has its headquarters in New York, is one of the businesses that is expanding at the quickest rate throughout the world in terms of its global expansion.

Wiz was created in Israel. In addition to offering solutions for cybersecurity that are hosted in the cloud, it also offers real-time threat detection and responses that are powered by the capabilities of artificial intelligence.

If Alphabet were to go through with the transaction, it would be an unusual instance of a huge technology company pursuing a mega-acquisition at a time when the industry is being subjected to increased regulatory scrutiny under the administration of Joe Biden, the Vice President of the United States of America.

This is something that would be the case given that the government is currently paying a greater amount of attention to the sector.

Over the course of the past several years, Alphabet regulators in the United States have shown a rising antipathy toward the idea of giant technology companies expanding their operations through mergers and acquisitions. This hostility has been expressed by the regulators.

The company Wiz collaborates with forty percent of the companies that are included in the Fortune 100, and the Alphabet website of the company states that the company’s sales in 2023 were approximately three hundred and fifty million dollars.

In light of the fact that the company recently completed a private investment round that resulted in the funding of one billion dollars, the valuation of the company was only recently assessed to be twelve billion dollars.

Wiz is a cloud service provider that collaborates with a wide range of firms, including Microsoft and Amazon, and claims to have a diverse clientele of businesses as its customers. Wiz collaborates with a number of different businesses, including Morgan Stanley and DocuSign, among others.

In the past, Wiz has asserted that it intended to raise the number of people working for it by 400 across the world by the year 2024. There are currently 900 persons working for the organization in various locations throughout the world, including the United States of America, Europe, Asia, and Israel.

Alphabet realized it wouldn’t be worth buying HubSpot recently.

A firm that specializes in generating software Alphabet products for internet marketing. HubSpot is responsible for developing software products.

This year has seen an increase in the total number of transactions that have taken place in the technology industry as a whole. This trend has been observed over the course of this year.

Synopsys, a company that specializes in design software, reached a deal in January to purchase Ansys, a competitor that is on the smaller side, for approximately $35 billion.

Ansys is a company that faces competition from other companies. In the month of January, Hewlett Packard Enterprise reached a deal with Juniper Networks, a firm that specializes in the production of networking equipment, to acquire the company for a price of $14 billion. The agreement was reached between the two Alphabet companies.

According to the information that was provided by Dealogic, the sector of technology was the one that was responsible for the greatest number of mergers and acquisitions that occurred during the first half of the year.

The total amount of these transactions reached $327.2 billion, which is an increase of more than 42 percent when compared to the volume of transactions that occurred in the previous year.

SOURCE: TET

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YouTube rolls out new capabilities for users who upload short films, like those on TikTok.

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YouTube rolls out new capabilities for users who upload short films, like those on TikTok.

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YouTube

(VOR News) – YouTube users who create videos now have access to yet another wonderful tool that is made accessible to them by the site.

This tool is called the YouTube Creator Toolkit. Users who post short films to platforms such as TikTok will now have access to a number of new options, according to a statement that was made not too long ago by the website that allows users to share videos, TikTok.

YouTube has reportedly stated that some of the newly revealed capabilities will be available to users immediately, while the availability of other aspects will be confirmed in a few weeks, according to multiple media sites from different countries.

This information has been alleged to have been provided by YouTube. According to YouTube, this information is available.

YouTube was used to obtain this information.

YouTube Shorts is a fresh new feature that was just recently released by the video-sharing YouTube platform.

It is possible to draw parallels between this and the text-to-speech video narration that TikTok makes available to its users. The development of short videos was one of the objectives of YouTube Shorts, which was designed to provide users with assistance.

The voice-over technology that will be included into this new function will make use of artificial intelligence (AI) technology rather than the conventional ways that have been used in the past. Users who are watching short videos on YouTube have the ability to select any voice of their choosing from the four voices that are currently accessible.

This is made possible by the fact that they have the capacity to click on the advice button that is situated in the top left corner of the screen.

Among the numerous additional capabilities that YouTube has made available, one of them is the capability to automatically generate captions for videos.

With the assistance of these captions, viewers are able to make use of subtitles that are automatically generated without having to leave the video that they are presently viewing from which they are currently watching.

Furthermore, users have the ability to customize the appearance of the captions by employing a wide variety of typefaces and colors to achieve a look that is uniquely their own.

YouTube users can create highly personalized looks this way.

In addition, it is anticipated that the video service will feature the addition of a fresh assortment of Minecraft effects in the not too distant future. A connection may be made between this and the concept that was discussed in the sentence that came before this one.

On the other hand, it has been reported that YouTube Music is getting set to launch a new artificial intelligence tool that will enable users to search for music by utilizing voice commands and vocal cues.

This tool will be able to search for music. The ability to search for music will be provided by this tool. This application will eventually be incorporated into the YouTube Music subscription service at some point in the future.

According to the information that was provided by Android Authority, it would appear that this cutting-edge function was identified in the YouTube Music app for Android version 7.06.53. This information was provided by Android Authority.

“Ask for Music” is going to be a feature film that will be released in the not too distant future.

It is going to be released. Using this function, users will be able to search for the music that they wish to listen to by making use of voice commands and vocal suggestions. This function will allow users to search for music.

There are currently initiatives underway to widen the availability of the function in the time period that is to come; but, in the beginning, the feature will only be accessible to select subgroups of Android users.

SOURCE: JN

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