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Elon Musk takes control of Twitter

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Elon Musk takes control of Twitter, fires top executives

It’s official, Elon Musk has taken control of Twitter, as the $44bn deal is finalised.

Twitter’s CEO and CFO were immediately fired and “escorted out” of the building when Musk took the reigns.

In a sensational post to Twitter, Billionaire Elon Musk claimed he was acquiring the social network for the good of humanity.

Musk also used the post to reassure advertisers that Twitter will remain a safe place for their brands.

“Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise,” he said. “Advertising, when done right, can delight, entertain and inform you.”

He said the reason he acquired Twitter is “because it is important to the future of civilisation to have a common digital town square. Where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. “There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”

Adding, “That is why I bought Twitter. I didn’t do it because it would be easy. I did it to try to help humanity, whom I love.”

Musk said Twitter should be a platform that is “warm and welcoming to all, where you can choose your desired experience according to your preferences.”

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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