• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Elon Musk turns down Twitter

April 12, 2022
in Technology
0
Elon Musk turns down Twitter
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here

What is going on between Elon Musk and Twitter? If you’re wishing you could be a fly on the wall in chief executive Parag Agrawal’s office right now, you’re not alone.

Musk’s sudden decision to no longer join Twitter’s board marks a significant U-turn just days after he became the social media company’s biggest shareholder and was offered a seat. So far he has not been as forthcoming about why he no longer wants a seat among Twitter’s key decision makers.

There are multiple theories as to why Musk is now rejecting a board seat — here are five questions we have.

Does Musk plan to buy a bigger stake in Twitter?
Buying Twitter stock was not a snap decision for the Tesla founder; he built his stake up over a period of time. If he had gone through with joining Twitter’s board, he would have been limited to holding 14.9 per cent of the company’s stock, making it much more difficult for him to acquire more shares and eventually stage a takeover.

Column chart of daily volume of shares (mn) showing Musk's Twitter move sparked biggest trading day in almost 4 years

Did things fall apart because Musk and Twitter don’t share the same values?
The tech billionaire has been a vocal campaigner for free speechtaking aim at the company’s content moderation policy. His views jar with the efforts Twitter has taken over the past few years to combat disinformation and harassment on the platform (as flagged by Twitter’s own staff). A less toxic environment matters to users, but also to the advertisers that are Twitter’s main source of revenue.

Was Musk asked to rein in his public criticisms of the company as a condition of joining the board?
Recently deleted tweets by Musk include suggestions to give people who sign up for Twitter Blue, the company’s premium service, an authentication checkmark, to delete the “w” in Twitter and a proposal that the company convert its San Francisco headquarters into a homeless shelter “since no one shows up anyway”. On Monday, he “liked” a tweet that said he became the largest shareholder “for free speech” but “was told to play nice and not speak freely”.

Was Musk ready to take on the responsibility (and the restrictions) that come with being a board member?
Musk would have been beholden to fiduciary duties and would need to demonstrate that he’s always acting in Twitter’s best interests. His long history of posting controversial tweets makes it hard to imagine him being willing to censor his own opinions, even if they could cause embarrassment for the company.

How does Twitter’s CEO really feel about Musk?
Agrawal has described Musk as someone who would bring “great value” to the company and also said that it’s “for the best” he’s not joining the board. Both cannot be true — so what’s behind Agrawal’s U-turn on having Musk on the board? Fear of a takeover, being unable to control Musk, or staff anger? Take your pick.

The Internet of (Five) Things

1. GoTo raises $1.1bn in one of the largest listings in Indonesia’s history
Shares in GoTo, the Indonesian company that offers everything from ride-hailing to payment services, surged 14 per cent in their first day of trading, bucking a global decline in technology stocks in a welcome reprieve for early investors SoftBank and Alibaba.

2. Why Amazon won’t be delivering your packages by drone just yet
Billions of dollars and a decade later, Amazon’s delivery by drone program still isn’t off the ground — here’s why it’s going nowhere.

3. Shopify proposes 10-for-one share split
Canadian ecommerce company Shopify is the latest tech group to announce a stock split, following Amazon, Alphabet and Tesla. But the voting power of its co-founder and chief executive Tobi Lütke will not be diluted under the share spilt proposal.

4. Yes, you have to pay tax on crypto
A new survey shows most crypto owners don’t understand all of the scenarios in which they might owe taxes.

5. China approves new online games as crackdown eases
For the first time in nine months, Chinese regulators have approved new online games, a boost to hard-hit providers such as Tencent and Bilibili.

Tech tools — Zygo Solo headphones

Zygo Solo headphones by a swimming pool

Zygo Solo, $ 299 © Richard Rosen

Once upon a time, the swimming pool was one of the few places you couldn’t take your music. Not any more. You can now stream your favourite playlist or podcast as you get your laps in, thanks to this pair of waterproof bone conducting headphones ($299) that work by sending a signal via a FM radio transmitter. This device does need to be placed poolside, but it is a great option for swimmers as the signal penetrates water far more effectively than Bluetooth.

Tech week ahead

Monday (until Thursday): Expert speakers on education, business, science, tech, the arts and global issues gather at the flagship TED conference in Vancouver.

Tuesday: Non-fungible token fans will meet in Paris for NFT Day, a conference focused on the Web3 ecosystem.

Saturday: Miami Tech Week starts.

Recommended newsletters for you

City Bulletin — Our pre-market update and commentary. Sign up here

#fintechFT — The latest on the most pressing issues in the tech sector. Sign up here

Tags: ElonMuskturnsTwitter
Previous Post

48% of young adults struggled with mental health in mid-2021

Next Post

Brooklyn subway shooting: At least 13 injured, ‘undetonated devices’ found

Related Posts

A firmware-based approach to thwarting ransomware attacks
Technology

New approach allows for faster ransomware detection

Credit: Pixabay/CC0 Public Domain Researchers...

Read more
Study explores how older adults react while interacting with humanoid robots
Technology

Study explores how older adults react while interacting with humanoid robots

Examples of tasks performed during...

Read more
New technique can safely guide an autonomous robot through a highly uncertain environment
Technology

New technique can safely guide an autonomous robot through a highly uncertain environment

MIT researchers developed a trajectory-planning...

Read more
New method to kill cyberattacks in less than a second
Technology

New method to kill cyberattacks in less than a second

High-level depiction of three approaches...

Read more
A quadcopter that works in the air and underwater and also has a suction cup for hitching a ride on a host
Technology

A quadcopter that works in the air and underwater and also has a suction cup for hitching a ride on a host

Robot transition and propeller speed...

Read more
Load More
Next Post
Brooklyn subway shooting: At least 13 injured, ‘undetonated devices’ found

Brooklyn subway shooting: At least 13 injured, ‘undetonated devices’ found

  • Trending
  • Comments
  • Latest
Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Horror as goat gives birth to ‘humanoid kid’ with baby-like face

Over 200 people being monitored for monkeypox in Massachusetts – New York Post

Over 200 people being monitored for monkeypox in Massachusetts – New York Post

Belle and Tinker | Dog Influencers

Belle and Tinker | Dog Influencers

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Can you tell if someone is checking your Messenger?

Monkeypox outbreak: What to know about symptoms, threat – Medical News Today

Monkeypox outbreak: What to know about symptoms, threat – Medical News Today

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Belle and Tinker | Dog Influencers

Belle and Tinker | Dog Influencers

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Belle and Tinker | Dog Influencers

Belle and Tinker | Dog Influencers

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Explainer: What vaccines, treatments do we have to combat monkeypox? – Reuters.com

Can you tell if someone is checking your Messenger?

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....