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Twitter Staff Told Layoffs Necessary to Prevent Bankruptcy

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Twitter Staff Told Layoffs Necessary

Elon Musk stated in his first address to Twitter employees since purchasing the company that the layoffs were necessary to keep the social media platform from going bankrupt.

Two executives (Yoel Roth and Robin Wheeler) who had emerged as members of Elon Musk’s new leadership team have allegedly resigned.

When Musk completed his acquisition of Twitter last month, firing the majority of the social network’s top executives.

Roth had taken over all of Twitter’s Trust and Safety efforts, while Wheeler stepped up to oversee relationships with concerned advertisers.

The social network is saddled with significant debt due to the acquisition, and some advertisers have backed off due to Musk’s plans for content moderation.

The Information and Platformer first reported Musk’s bankruptcy announcement.

free food at twitter

According to Bloomberg, Elon Musk told staff that the days of free food and other perks at Twitter’s offices are over.

In discussing Twitter’s finances and future, Musk stated that the company needed to move quickly to make the new $8 subscription product, Twitter Blue, something users would want to pay for, given the impact of advertisers’ pullback on revenue.

Elon Musk warned employees in an email late Wednesday of difficult financial times with “no way to sugarcoat the message about the company’s economic outlook.

He prohibited employees from working remotely unless he personally approved it.

The billionaire recently laid off half of Twitter’s workforce and significantly changed the company’s subscription policies.

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The changes resulted in multiple major advertisers being impersonated by newly paid accounts with blue check marks.

Twitter’s information security chief, privacy chief, and chief compliance all left Twitter earlier this week.

Their departure has raised concerns with leftists over the company’s ability to keep the platform secure and in compliance with the government’s regulatory rules on data.

Twitter is bound by the Federal Trade Commission, which governs how the company handles user data, and violations may result in fines.

According to a company document obtained by The Verge, Twitter’s daily user growth reached “all-time highs” during Elon Musk’s first full week as owner.

According to an internal FAQ obtained by The Verge and shared with Twitter’s sales team to use in conversations with advertisers, monetizable daily user (mDAU) growth has accelerated to more than 20% since Musk’s dramatic takeover.

According to the FAQ, Twitter’s largest US market is growing quickly. Twitter added more than 15 million mDAUs since the end of the second quarter when it stopped reporting financials as a public company.

If those figures are consistent with how Twitter reported metrics when it was publicly available, they suggest that the service has not seen a mass exodus under Musk’s ownership.

twitter

He tweeted on Sunday that “user numbers have increased significantly around the world” since his deal to buy Twitter was announced.

Twitter reported 237.8 million mDAUs and a 16.6 percent year-over-year growth rate in the second quarter.

“Hate speech levels remain within historical norms.”

While users are not abandoning Twitter in droves, advertisers are. Musk said in another tweet on Friday that the company has seen a “massive drop in revenue” due to “activist groups pressuring advertisers.”

Reports of a sharp increase in racist and hateful tweets after his takeover alarmed advertisers, but Twitter later explained that the influx resulted from coordinated “trolling campaigns.”

According to the FAQ for advertisers published on Monday, “levels of hate speech remain within historical norms, accounting for 0.25% to 0.45% of tweets per day among hundreds of millions.”

twitter

Meanwhile, Musk’s destabilization of Twitter’s leadership, combined with the resignation of the company’s top advertising executive, Sarah Personette, has left advertisers trying to figure out who to approach with their concerns.

Alex Josephson, a 10-year company vet currently VP of Twitter Next, a team that has helped brands create campaigns on the social network since 2019, shared the FAQ on Monday.

His post to the sales team notes that Musk’s mass layoffs on Friday affected 25% of the organization and that “the decision to scale back our presence in select geographies contributed significantly to the sales reductions.”

Another source of concern for advertisers has been Musk’s tweeting, particularly a now-deleted tweet that amplified a bogus conspiracy theory about the violent attack on Paul Pelosi.

“Do the same rules apply to Elon as to everyone else on Twitter?” one section of the Twitter advertiser FAQ asks.

“Yes,” is the simple answer.

It also reiterates Musk’s claim that Twitter will not change its content moderation policies until a “content moderation council of widely diverse viewpoints” is formed and convened. It needs to be clarified whether Musk knows that Twitter already has a Trust and Safety Council comprised of outside experts.

Another section of the FAQ emphasizes how quickly things are changing on Twitter right now, stating that the upcoming redesign of the Twitter Blue subscription, which will include paid verification, “will not affect existing verified accounts at this time” and that “large brand advertisers who are already verified will now have an additional ‘Official’ label beneath their name upon Twitter Blue’s relaunch this week.”

Source: Bloomberg, The Verg, VOR News

Politics

Trump Is Back At His New York Civil Fraud Trial As Testimony Nears An End

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NEW YORK – After a month of criticizing the proceedings from afar, former President Donald Trump returned to his civil business fraud trial as a spectator on Thursday.

After more than two months of testimony, the Republican presidential candidate for 2024 arrived to hear an accounting professor testify about financial issues relevant to the case.

Trump is slated to testify for the second time on Monday.

Even as he campaigns to retake the office and fights four criminal charges, Trump focuses heavily on the New York lawsuit. Outside the courtroom, he’s been a dissatisfied bystander, a combative witness, and a furious pundit.

“This is a witch hunt, and it’s a very corrupt trial,” Trump remarked as he entered the courtroom on Thursday.

The case is putting his net worth on trial, probing his real estate empire, and threatening to bar him from doing business in his home state.

trump

Trump Is Back At His New York Civil Fraud Trial As Testimony Nears An End

In the claim, New York Attorney General Letitia James accuses Trump, his corporation, and some officials of defrauding banks and insurers by providing them with financial statements that overstate the value of trademark properties such as his Trump Tower penthouse and Mar-a-Lago, the Florida club where he now resides.

The statements were submitted to assist in secure deals, such as loans with low-interest rates available to the ultra-wealthy, and certain loans required fresh statements every year.

Donald denies any wrongdoing and claims that the figures in the statements understated his wealth. He has repeatedly minimized the value of the documents in closing agreements, stating that lenders and others should conduct their analyses.

And he argues that James and Judge Arthur Engoron, both Democrats, abused their power in the case.

Eli Bartov, an accounting professor at New York University, testified in Trump’s defense on Thursday.

trump

Trump Is Back At His New York Civil Fraud Trial As Testimony Nears An End

Bartov rejected the attorney general’s assertions that Trump’s financial statements violated basic accounting principles in a report written before his hearing. According to the professor, such statements are merely a starting point for recipients to do their own assessments in the accounting and financial world.

Trump has frequently lamented the situation on his Truth Social platform.

Going to court in person provides him with a microphone —several of them, thanks to the press cameras stationed in the hallway. He frequently expostulates and casts various developments as wins on his way into and out of the proceedings, which cameras cannot record.

When Engoron ruled Trump had breached a gag order that forbids trial participants from publicly commenting on court staffers, he penalized him $10,000 on Oct. 26. Trump’s lawyers are challenging the gag order.

James has not gone unchallenged, frequently — but not on Thursday — showing up to court when Trump is present and making her statements on social media and on the courthouse steps. Lawyers in the case have been instructed not to make press remarks in the hallway, but the former president has been permitted to do so.

trump

Trump Is Back At His New York Civil Fraud Trial As Testimony Nears An End

“Here’s a fact: Donald  has been committing financial fraud for years.” “Here’s another fact: There are consequences when you break the law,” her office tweeted this week on X, formerly Twitter.

While the non-jury trial focuses on allegations of conspiracy, insurance fraud, and manipulating corporate documents, Engoron previously concluded that Trump and the other defendants committed fraud. He appointed a receiver to take charge of some of Trump’s properties, but an appeals court has stayed that order for now.

During the trial, James seeks more than $300 million in penalties and a ban on Donald and the other defendants doing business in New York.

It is unclear when the testimony will conclude, although it is expected before Christmas. Closing arguments are slated for January, and Engoron hopes to reach a verdict by the end of the month.

SOURCE – AP

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Entertainment

Wikipedia, Wrapped. Here Are 2023’S Most-Viewed Articles On The Internet’s Encyclopedia

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NEW YORK – Remember what you were looking for in 2023? Wikipedia, on the other hand, has the receipts.

According to data provided Tuesday by the Wikimedia Foundation, the non-profit behind the free, openly edited online encyclopedia, English Wikipedia received more than 84 billion views this year. The most popular piece was on ChatGPT (the AI chatbot that appears to be everywhere these days).

OpenAI’s ChatGPT has flown into the public eye since its inception just over a year ago, as the technology makes its way into schools, health care, legislation, and even religious preaching. The chatbot has also contributed to developing arguments regarding the possible benefits and risks of generative AI, most of which are detailed on its Wikipedia page.

wikipedia

Here Are 2023’S Most-Viewed Articles On The Internet’s Encyclopedia

The annual list of fatalities was the second most-read article on Wikipedia in 2023, after taking the #4 and #1 rankings in 2022 and 2021, respectively. Individual entries for important figures who died this year drew much attention, notably those for Matthew Perry and Lisa Marie Presley.

Meanwhile, the highly anticipated 2023 Cricket World Cup came in third place — along with three other cricket-related entries in Wikipedia’s top 25 this year, including the Indian Premier League at #4, marking the first time cricket content has made the list since the Wikimedia Foundation began tracking in 2015.

“Barbenheimer,” Taylor Swift and others also appeared to influence our internet-reading habits in 2023. Here are this year’s top 25 English Wikipedia articles.

According to the Wikimedia Foundation, this top 25 ranking was constructed using English Wikipedia statistics as of November 28. The charity plans to update full-year figures on January 3, 2024.

The United States (33.2 billion) and the United Kingdom (9 billion), along with India (8.48 billion), Canada (3.95 billion), and Australia (2.56 billion), are the top countries that accessed English Wikipedia globally in 2023, according to Wikimedia Foundation data shared with The Associated Press.

wikipedia

Here Are 2023’S Most-Viewed Articles On The Internet’s Encyclopedia

1. ChatGPT: 49,490,406 pageviews

2. Deaths in 2023: 42,666,860 pageviews

3. 2023 Cricket World Cup: 38,171,653 pageviews

4. Indian Premier League: 32,012,810 pageviews

5. Oppenheimer (film): 28,348,248 pageviews

6. Cricket World Cup: 25,961,417 pageviews

7. J. Robert Oppenheimer: 25,672,469 pageviews

8. Jawan (film): 21,791,126 pageviews

9. 2023 Indian Premier League: 20,694,974 pageviews

10. Pathaan (film): 19,932,509 pageviews

11. The Last of Us (TV series): 19,791,789 pageviews

12. Taylor Swift, 19,418,385: pageviews

13. Barbie (film): 18,051,077 pageviews

14. Cristiano Ronaldo: 17,492,537 pageviews

15. Lionel Messi: 16,623,630 pageviews

16. Premier League: 16,604,669 pageviews

17. Matthew Perry: 16,454,666 pageviews

18. United States: 16,240,461 pageviews

19. Elon Musk: 14,370,395 pageviews

20. Avatar: The Way of Water: 14,303,116 pageviews

21. India: 13,850,178 pageviews

22. Lisa Marie Presley: 13,764,007 pageviews

23. Guardians of the Galaxy Vol. 3: 13,392,917 pageviews

24. Russian invasion of Ukraine: 12,798,866 pageviews

25. Andrew Tate: 12,728,616 pageviews

According to the Wikimedia Foundation, this top 25 ranking was constructed using English Wikipedia statistics as of November 28. The charity plans to update full-year figures on January 3, 2024.

The United States (33.2 billion) and the United Kingdom (9 billion), along with India (8.48 billion), Canada (3.95 billion), and Australia (2.56 billion), are the top countries that accessed English Wikipedia globally in 2023, according to Wikimedia Foundation data shared with The Associated Press.

SOURCE – (AP)

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Entertainment

Rizz Named Word Of The Year 2023 By Oxford University Press

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rizz

Are you adept at flirting or chatting up possible partners? If this is the case, you may already have rizz and be unaware of it.

Young folks utilize the Oxford word of the year, internet slang for romantic appeal or charm.

It was one of eight words chosen from a shortlist to define the mood, ethos, or preoccupations of 2023.

A public poll was used to narrow down the list before Oxford lexicographers made the ultimate selection.

Swiftie, Beige Flag, and Situationship were among the other contenders.

If you are not a member of Generation Z, the term may be meaningless to you.

However, it is widely utilized online, with billions of views of the hashtag “rizz” on TikTok.

rizz

Rizz Named Word Of The Year 2023 By Oxford University Press

It is described as style, charm, or attractiveness, as well as the ability to attract a romantic or sexual partner, by Oxford University Press [OUP], which publishes the Oxford English Dictionary [OED].

The word “charisma” is assumed to be a shorter variant of “charisma.”

It can also be used as a verb, as in “to frizz up,” which means “to attract, seduce, or chat up someone.”

It’s essentially a modern version of the “game,” described as skill, proficiency, and the capacity to sexually entice people through one’s charm.

rizz

What do the shorlisted words mean?

Beige flag (n.): a character feature that indicates that a partner or possible partner is boring or lacks creativity; (also) a quality or habit, especially of a partner or potential mate, that is very distinctive but not good or bad. [proposed definition]

A situationship (n.) is a romantic or sexual relationship that is not formal or established.

Swiftie (n.): a devoted follower of Taylor Swift. [proposed definition]

Prompt (n.): a command issued to an artificial intelligence program, algorithm, or the like that affects or influences the content it generates [draft definition]

De-influencing (n.): the activity of deterring individuals from purchasing specific things or pushing people to consume less material goods, particularly through social media [draft definition]

The Oxford University Press emphasized that lexicographers are writing a draft definition “for the Word of the Year campaign” and that terms without draft definitions are already in the OED.

rizz

Rizz Named Word Of The Year 2023 By Oxford University Press

The rest of the words will be included in dictionaries “after assessment of their longevity, frequency, and breadth of usage,” according to the statement.

Kai Cenat, a Twitch streamer and YouTuber is widely credited with popularizing the term rizz, which he used with his buddies.

The word’s popularity has grown this year, and in June, actor Tom Holland was asked by Buzzfeed about the secret to his frizz.

Holland responded, “I have no rizz at all.” “I have limited rizz,” he says before detailing how he won his fiancée Zendaya over by playing the “long game.”

rizz

Another slang term characterizing “unapologetically self-indulgent, lazy, slovenly, or greedy” behavior that was last year’s Oxford word of the year was “goblin mode.”

Casper Grathwohl, president of Oxford Languages, stated that while “goblin mode” was popular following the epidemic, “it’s interesting to see a contrasting word like rizz come to the forefront.”

He speculated that the word referred to “a prevailing mood of 2023, where more of us are opening up after a challenging few years and finding confidence in who we are.”

Mr. Grathwohl said that the increased use of the word frizz demonstrated that words and phrases derived from online culture “are increasingly becoming part of the day-to-day vernacular.”

The language specialists at Oxford University Press chose the selection of eight words.

This list was then subjected to a public vote in late November, narrowing the field to four finalists before the experts decided.

Collins Dictionary revealed “artificial intelligence” as the word of 2023 in November.

SOURCE – BBC

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