Musk dismisses three executives of Twitter immediately after completing Twitter acquisition
After the US billionaire Musk completed the acquisition of Twitter, he immediately fired three executives at Twitter, accusing them of misleading him and Twitter investors.
Musk, who is also the CEO of Tesla (Tesla) and the president of SpaceX (SpaceX), officially bought Twitter on Thursday (October 27) for US$44 billion (S$62 billion). .
Musk has fired Twitter CEO Parag Agrawal, CFO Ned Segal and head of legal affairs and policy Vijaya Gadde, Reuters reported, citing people familiar with the matter.
Recently, Musk plans to lay off 75% of the workforce after acquiring Twitter, reducing the number of employees from 7,500 to more than 2,000.
In April, Bloomberg reported, citing people familiar with the matter, that Musk told the bank during initial talks that he had the idea of cutting costs and laying off workers. In May, the media broke the news that Musk planned to lay off about 1,000 people at Twitter. In a June Q&A with Twitter employees, Musk again mentioned "rationalizing the headcount" but "don't worry about employees who make a significant contribution to Twitter."
In fact, in the context of the rising risk of a global economic recession, Twitter itself has a "slimming plan". The layoffs are planned for the next few months, regardless of who owns the company.
According to reports, Twitter management plans to cut labor costs by $800 million by the end of 2023, meaning nearly a quarter of its employees will leave. In addition, the company plans to slash its infrastructure, including data centers that keep up and running for more than 200 million users every day.
Twitter Will Allow Users to Buy and Sell NFTs Through Tweets
Twitter will let users display NFT marketplace listings from certain platforms, including a button to let them buy and sell collectibles.
The integration, called NFT Tweet Tiles, displays the artwork of an NFT in a dedicated panel within a tweet, and includes a button to let users click through to a marketplace listing.
The integration—which is still in testing—currently works with marketplaces from four specific partners: Solana-centric marketplace Magic Eden, multi-platform NFT marketplace protocol Rarible, Flow blockchain creator Dapper Labs, and sports-centric platform Jump.trade.
