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Elon Musk is reportedly planning to become Twitter’s interim CEO after purchasing the platform.work

Elon Musk wants to be Twitter’s interim CEO – Report

Elon MuskThe world’s richest man wants to lead Twitter as CEO, at least for the time being. Bloomberg reports.

Elon Musk will not only head electric car maker Tesla and spacecraft maker SpaceX, but will also assume the role of chief executive of the social media group after completing its $44 billion acquisition.

I’m going to replace the mask Parag AgrawalBloomberg, citing people familiar with the matter, said the company was laid off along with other key executives after the deal closed. The billionaire is expected to remain CEO in the interim, but may eventually cede the role in the long run.

A mask waving at a press conference at SpaceX Starbase in Brownsville, Texas. Photo: Adrees Latif/Reuters

important event

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How are Twitter users reacting? Matthew Cantor of The Guardian in San Francisco saw it.

And here is our selection of the “best tweets of all time”.

Former City Analyst Louise CooperHe is currently a Senior Lecturer in Finance at Kingston University Business School and tweeted:

Elon Musk paid a huge overpayment for a property he didn’t want to buy.
Terrible Market Timing (I started buying Twitter in January at market peak, tech stocks down 32% since then)
terrible decision making
$44 billion is a lot of money.
Is this the turning point in his ever meteoric rise?

— Louise Cooper CFA (@Louiseaileen70) October 28, 2022

it’s been a terrible week big techthe result from the Google parent alphabetfacebook owner metaWhen Amazon Surprise investors and trigger a sell-off in tech stocks. Meta stock plunged nearly 25% on Thursday, while Amazon fell 20% in after-hours trading.

more reactions from peter vidriccaco-founder of the free PR platform Newspage.

Birds may have been set free, but the focus now is on how they behave as songbirds, or the social media equivalents of birds of prey.

Musk’s quick dismissal of several members of his senior management team is standard operating procedure in many ways, but it’s not surprising that Musk has new ideas for the direction of one of the world’s leading social media platforms. It is also positive evidence that

Now all eyes are on Trump’s possible return. This is the ultimate litmus test for Twitter moving forward. Will Musk keep his word and bring Trump back to the platform, or will he bow to the demands of the corporate world?

Advertisers around the world will monitor the event closely to assess whether Twitter’s new form remains a viable marketing option.

Elon Musk has described himself as a free speech absolutist, so in the current socio-cultural climate, you can expect fireworks to go off in the coming months.

For many, Musk’s acquisition of Twitter will be seen as a cultural standing, an enhancement of free speech, and a much-needed validation of everyday people and their everyday views.

For others, there is a fine line between free speech and hate speech, with many concerned that Twitter under masks could be a wilder West than it is now. doing.

When Musk visited Twitter’s headquarters on Wednesday, he shared a video of himself with the company. San Francisco Lobby with wash basin.

“enter twitter HQ – Let it sink! he tweeted on Wednesday.

Musk has also changed his Twitter profile to call himself “Chief Twit” and refer to his location as Twitter Headquarters.

Victoria ScholarThe head of investment at trading platform Interactive Investor said:

On Thursday, he took over a social media site in a long process full of twists and turns in true unpredictable Elon Musk style. Musk has already fired his CEO Parag Agrawal and his CFO Ned Segal, who were fighting over the deal. He also wants to cut 7,500 employees, many of whom were already uncomfortable with the deal and now feel uneasy in their seats.

Musk’s leadership will likely result in a strategic shift in direction for Twitter, with the company’s focus moving from tackling trolls, spreading fake news, spreading conspiracies and promoting healthy content sharing to Musk’s freedom of speech. It will shift to a priority mindset. For example, Donald Trump, who was banned for violating Twitter’s rules, could be invited back to the platform.

Twitter’s stock has outperformed this year, buoyed by acquisition talks, but if Musk fulfills his desire to keep Twitter private, it could become untradable on the public market. It has long been troubled by the regulatory hurdles and regular announcements required of publicly traded companies and their leadership. As Tesla’s CEO, he once disappointed the SEC by tweeting about taking Tesla private without following regulatory protocols.

donald trumpwhich is now prohibited twitter, may be revived under the new government. Twitter banned Trump days after the 2021 Capitol riots, citing “risk of inciting further violence.”

Elon Musk Amid concerns that one of his first actions as chief executive would be to restore Donald Trump’s account, he said in a post on the social network that he had “acquired Twitter.” and reassured advertisers that it remained a safe place for brands. UK technology editor Alex Hern writes:.

Here’s a description of what Musk does on Twitter:

European stocks fall, euro falls in line with dollar

European stock markets followed in Asia’s footsteps, opening lower. The FTSE 100 Index for London is nut westfell 7.4%.

  • The UK’s FTSE 100 Index fell 66 points (0.9%) to 7,007.

  • Germany’s Dachs fell 103 points, or 0.8%, to 13,106.

  • France’s CAC fell 37 points (0.6%) to 6,207.

  • Italy’s FTSE MiB was 22,312, down 279 points, or 1.2%.

In Asia, Hong Kong stocks fell to their lowest level since 2009. The Hang Seng Index fell more than 4%, trailed by tech stocks. Japan’s Nikkei Stock Average fell 0.9%.

In currency markets, the pound is trading 0.4% lower against the dollar at $1.1513. The day after the European Central Bank hiked rates, the euro fell to par with the dollar, down 0.16% to $0.9946, which was pretty dovish.

Elon Musk wants to be Twitter’s interim CEO – report

Elon MuskThe world’s richest man wants to lead Twitter as CEO, at least for the time being. Bloomberg reports.

Elon Musk will not only head electric car maker Tesla and spacecraft maker SpaceX, but will also assume the role of chief executive of the social media group after completing its $44 billion acquisition.

I’m going to replace the mask Parag AgrawalBloomberg, citing people familiar with the matter, said the company was laid off along with other key executives after the deal closed. The billionaire is expected to remain CEO in the interim, but may eventually cede the role in the long run.

A mask waving at a press conference at SpaceX Starbase in Brownsville, Texas.
A mask waving at a press conference at SpaceX Starbase in Brownsville, Texas. Photo: Adrees Latif/Reuters

co-founder of twitter biz stone We would like to thank three executives for their contributions to the company.nothing was said so far Jack Dorseythe famous founder who stepped down as CEO last year to focus exclusively on cryptocurrencies.

Introduction: NatWest reports profit of £1.1 billion.Elon Musk Bought Twitter, Said ‘The Birds Are Set Free’

good morning. Welcome to our rolling coverage of business, the global economy, and financial markets.

After months of legal back and forth, Elon Musk “The bird has been set free,” he tweeted, as it appears to have completed its $44 billion acquisition. twittertook control of the company and fired several top executives, including CEO Parag Agrawal.

nut west reported a quarterly profit of £1.1bn this morning as the economic outlook deteriorated. It was the last of the UK’s ‘Big 4’ banks to report results this week. Lloyd’s, Barclays and HSBC all report solid profits on top of rising bad debts.

Profit before tax for the three months to September was slightly below analyst expectations of £1.2bn, unchanged from last year.

Banks have benefited from higher interest rates, boosting earnings, but have set aside an extra £247m to cover bad debts given the worsening economic outlook.

Alison RoseChief Executive Officer said:

Amid heightened economic uncertainty, we are keenly aware of the challenges facing people, families and businesses across the country. Although we have yet to see any signs of increasing financial difficulties, we are fully aware of the growing concerns of our customers and are closely monitoring their financial and behavioral changes.

Asian stocks fell and the Japanese yen fell. Bank of Japan It stuck to ultra-low interest rates, maintained dovish guidance, and bucked the tightening trend of central banks around the world. However, the Bank of Japan has revised its price forecast upwards through 2024 and warned of mounting inflationary pressures. said:

The labor market will remain tight and wage pressures will gradually increase.

Big tech earnings ugly week is coming to an endhas dispelled expectations that earnings will drive earnings across the stock market.” Ipek Ozkardeskayaa senior analyst at Swissquote.

On Thursday, the Facebook owner meta It plunged nearly 25%, lowering the tech stock Nasdaq, which fell 1.9%. Amazon It’s also losing after-hours trading after disappointing numbers, and stocks could fall when Wall Street opens later today.

Amazon’s stock fell nearly 20% in after-hours trading after it announced that the all-important holiday shopping season for the company would be shorter than expected. After two quarters of losses, it made a profit of $2.9 billion. But it was Amazon’s guidance on holiday quarters that made investors uneasy.

apple.

agenda

  • 7.45am BST: French October preliminary inflation (forecast: 5.7%)

  • 8am BST: Spain GDP Flash in Q3 (Forecast: 0.3%, Previous: 1.5%)

  • 08:00 BST: Spain October preliminary inflation (forecast: 8%, previous: 8.9%)

  • 9am BST: German GDP flash in Q3 (forecast: 0.8%, previous: 1.7%)

  • 10am BST: Final Eurozone Consumer Confidence Index for October (forecast: -27.6)

  • 10am BST: Italian October inflation (9.6% forecast, previous: 8.9%)

  • 1pm BST: German Inflation Reserves for Oct (Forecast: 10.1%, Previous: 10%)

  • 1.30pm BST: September US Core PCE Price Index (forecast: 5.2%, previous: 4.9%)

  • 3pm BST: Final Michigan US Consumer Sentiment for October (Prediction: 59.8)



https://www.theguardian.com/business/live/2022/oct/28/elon-musk-bought-twitter-natwest-profits-economy-inflation-business-live Elon Musk is reportedly planning to become Twitter’s interim CEO after purchasing the platform.work

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