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Elon Musk reportedly has plans to cut Twitter’s staff by 75%

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2 years ago

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Twitter employees could be in for a shock, as Elon Musk is rumoured to be cutting staff by 75 per cent

It’s part of Musk’s bold new plan when his 44 billion dollar takeover of the social media giant goes through.

It’s believed the world’s richest man has told investors he wants to cut around 5 and a half thousand employees.

This is all according to reports from the Washington Post.

Of course, it follows months of Musk trying to get out of the deal. He believes he is paying too much for the platform but agrees there is long-term potential for the platform.

Neither Twitter nor Musk have commented on the matters.

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Why the meme-stock frenzy is unlikely to repeat

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4 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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5 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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5 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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