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 Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. — ReutersTwitter reported a drop of about 40% year-over-year in both revenue and adjusted earnings for the month of December, the Wall Street Journal reported on Friday citing people familiar with the matter.The report comes after several advertisers slashed their spending on the social-media platform after Elon Musk took charge of the company on October 27, resulting in a 71% drop in advertising spend on Twitter during December, data from advertising research firm — Standard Media Index showed.Twitter did not immediately respond to a Reuters request for comment.Musk, who warned in November about the possibility of the Twitter going bankrupt, said in December that the company was on track to be "roughly cash flow break-even" in 2023.Twitter made its first interest payment in January on a loan that banks provided to help finance billionaire Musk's purchase of the social media company last year.Twitter lays off 10% of current workforceLast week, Twitter laid off at least 200 employees, or about 10% of its workforce, the New York Times reported in its latest round of job cuts since Musk's takeover.The layoffs impacted product managers, data scientists and

SynopsisElon Musk has been trying hard to increase Twitter’s revenue and launched the paid subscription of Twitter Blue after an initial delay. However, it has not found many takers. ReutersThe cut in social media spending resulted in a 71% drop in advertising spend on Twitter during DecemberAs advertisers continue to move away from Twitter since Elon Musk’s takeover in October last year, the microblogging platform reported a drop in revenue and adjusted earnings for December, The Wall Street Journal reported citing sources.Twitter reported a 40% year-on-year decline in revenue and adjusted earnings for December in an investor update. Last year, following the takeover, Musk highlighted the issues plaguing the financial health of the world’s largest microblogging platform.In addition, Musk has $13 billion in debt that he borrowed to finance Twitter’s purchase, totalling annual interest payments of about $1 billion. Recently, Musk made the first interest payment to a group of banks that lent him $13 billion.Musk has been trying hard to increase Twitter’s revenue and launched the paid subscription of Twitter Blue after an initial delay. However, it has not found many takers. Discover the stories of your interestET reported on February 10 that Twitter users in India — a

Users A platform overhaul made some users famous without warning. They’re baffled by it too. Photo illustration/animation by Slate. Photos by Twitter and Getty Images Plus. Among the bugs, glitches, and confounding UX choices that have plagued Twitter since Elon Musk’s October takeover of the company, there’s one particular algorithmic shift that’s rattled many a remaining user: the transformation of the main Twitter stream into the For You feed. Where once Twitter put the tweets of the accounts you followed in the order its system deemed most engaging, the platform now served you tons of random stuff from people you didn’t follow. And some of those people seemed to be in everyone’s feeds. That Twitter’s changes had produced a new generation of “main characters” became apparent in January with the viral fame of “menswear dude,” aka fashion blogger Derek Guy, whose @DieWorkwear account had been recommended to many tweeters with little interest in fashion. It was both a positive and surreal development for Guy: a bigger audience and tons of new followers, but also a lot of cluelessness and hostility in his mentions, ultimately affecting the way Guy approached the platform (mostly with bemused glee). As just one of the

By Nia Prater, Intelligencer staff writer, who covers New York politics Photo: Rod Lamkey/Shutterstock Congressman George Santos has managed to get into a Twitter fight with fellow New York House Republicans, and it’s quickly turning personal, with his Long Island neighbor Nick LaLota calling him a “terrible person” who should be thrown out of Congress “ASAP.” It all began with reports that Representative Anthony D’Esposito was circulating the proposed text of a bill that would bar members of Congress from making money off of their fraudulent actions. D’Esposito, a freshman congressman like Santos, was the first Republican member of the New York congressional delegation to call for Santos’s resignation in light of his many falsehoods. The bill, if passed, would “prohibit Members of the House of Representatives who are convicted of offenses involving financial or campaign finance fraud from receiving compensation for biographies, media appearances, or expressive or creative works, and for other purposes,” according to Politico. When asked if the bill, which is entitled the “No Fortune for Fraud Act,” was aimed at Santos specifically, D’Esposito told The Hill “it’s one of those things that if the shoe fits, wear it; in his case, even if the shoe doesn’t

Elon Musk-owned Twitter, seeking to reassure users and advertisers that it’s taking a hard-line stand against violent speech, released an update to its policies that more explicitly bans certain types of threats. According to the updated policy, released Feb. 28, Twitter users “may not wish, hope, or express desire for harm. This includes (but is not limited to) hoping for others to die, suffer illnesses, tragic incidents or experience other physically harmful consequences.” Previously, such “wishes of harm” were not actionable under the company’s violent threats policy, which was last updated in March 2019 (although such threats may have been reviewed under its policies regarding abusive behavior and hateful conduct). In addition, Twitter’s updated Violent Speech policy bans “inciting others to commit atrocity crimes including crimes against humanity, war crimes or genocide,” which also includes using coded language (aka “dog whistles”) to indirectly incite violence. Furthermore, the updated policy — in addition to prohibiting threats to physically harm others — also bans threatening to “damage civilian homes and shelters, or infrastructure that is essential to daily, civic or business activities.” The updated policy also includes new verbiage explaining that Twitter will allow certain exceptions, including usage of “figures of speech

Memphis Grizzlies star Ja Morant has been accused of two encounters with a 17-year-old boy, including allegedly beating up the boy and pointing a gun at him, and by no surprise this has grabbed the attention of NBA fans. On Twitter, fans have been reacting in shock to the details that have emerged. One person who reacted to the article, was especially shocked by an incident that stemmed from a phone call from the Grizzlies star’s mother. His mother allegedly had an argument with a Finish Line employee at a Memphis mall, then called her son, and he allegedly arrived with as many as nine other people. So apparently Ja Morant's mother called him after having an argument with a Finish Line employee and he came to the mall 9 deep and told the mall security guard "‘Let me find out what time he gets off" 😭😭😭 pic.twitter.com/SsFT5VePmj — Ahmed/The Ears/IG: BigBizTheGod 🇸🇴 (@big_business_) March 1, 2023 Many reacted with videos poking light at Morant, insinuating that he is acting in a way that will throw away all of his success. The ‘Finish Line’ employee hiding in the storeroom after seeing Ja Morant pull up 9 deep on the security

Jen Easterly, nominee to be the Director of the Homeland Security Cybersecurity and Infrastructure Security Agency, testifies during her confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee on June 10, 2021 in Washington, DC.Kevin Dietsch | Getty ImagesA top U.S. cybersecurity official urged businesses to take on more of the burden of securing their services for customers and suggested that new legislation should hold them accountable for creating and maintaining secure software.Cybersecurity and Infrastructure Security Agency Director Jen Easterly held up Apple as a positive example of accountability and transparency for its security practices during a speech delivered Monday at Carnegie Mellon University.She pointed to Apple's disclosure that 95% of iCloud users enable multifactor authentication, or MFA, a highly recommended security measure that requires a user to input a code sent to a different device or account during sign-in to guard against hackers. Easterly said the high adoption rate is a result of Apple making MFA the default.In doing so, Easterly said, "Apple is taking ownership for the security outcomes of their users."By contrast, Easterly said there are low MFA adoption rates at Microsoft and Twitter. She said the roughly one-quarter of Microsoft enterprise customers who use

The Trinamool Congress' Twitter account was hacked and the hackers changed the account's display name and picture to "Yuga Labs". Kolkata,UPDATED: Feb 28, 2023 14:02 ISTThe official Twitter account of the Trinamool Congress was hacked (Screengrab) By Indrajit Kundu: The official Twitter account of the Trinamool Congress was hacked on Tuesday. The display picture of the party's account was changed and the display handle was changed to "Yuga Labs". Party sources told India Today that they are trying to resolve the issue. So far, the hackers have not tweeted any posts from the account. TMC MP Derek O'Brien confirmed that the party's Twitter account had been "compromised". He told ANI news agency that the party was in touch with officials from Twitter and was working to rectify the issue at the earliest.Yuga Labs is a blockchain technology company based in the US that develops NFTs and digital collectibles. It also specializes in cryptocurrency and digital media.ALSO READ | Twitter hacked, email addresses of 200 million users leaked: ReportOn December 10 last year, the official Twitter account of the YSR Congress was hacked. The account started promoting crypto-currencies. The party's Twitter bio description was changed to "NFT millionaire" and the display

Twitter CEO Elon Musk has reportedly begun laying off 200 of the social media giant’s remaining 2,000 employees in yet another round of job cuts, while software company Palantir slashes 2% of its staff and online therapy company Cerebral is cutting 15%—the latest major companies to reduce their headcounts as employers fear the economy could enter a recession. February 27Twitter started laying off 10% of the company’s workforce Saturday night, sources familiar with the matter told the New York Times, just weeks after Musk pledged to “stabilize the organization” following several rounds of layoffs last fall that cut the company’s staff of roughly 7,500 by more than half. February 27Cerebral confirmed the mental-health startup will cut 15% of its workforce (roughly 285 employees) in a statement to Forbes, saying the layoffs are part of a reorganization plan—the company’s third round of layoffs since last summer, including one round in June that affected 350 employees. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarter—affecting as many as 76 of the company’s 3,838 employees, according to PitchBook (Palantir did not immediately respond to

Exclusive: Fighting ‘woke AI,’ Elon Musk is recruiting a team to make a rival to OpenAI's ChatGPT.Read Now Elon Musk told his remaining Twitter employees on Monday in an email that they would receive “very significant” stock and compensation awards on March 24, according to a copy of the email viewed by The Information. The email said that the awards would be “based on performance” but offered no other details. Musk’s message came after a weekend of sweeping layoffs across the product and... - or - Continue with Apple Already a subscriber? Log in here The Briefing google ai Alphabet Needs to Replace Sundar Pichai By Martin Peers &middot Feb. 27, 2023 5:00 PM PST Shareholders in Alphabet are sending the company a message: It’s time for some drastic action. After a sharp slump in the past few weeks, Alphabet stock is up just 1.9% so far this year compared to the Nasdaq’s 10% rise. In contrast Facebook parent Meta Platforms, which was in the doghouse last year, has jumped 41% year to date. Alphabet and Meta are now trading at nearly the same forward sales... Robinhood Subpoenaed by SEC Over Crypto Business By Akash Pasricha &middot Feb. 27, 2023