Social Media

Twitter to Get New “Leader” as Elon Musk Pledges More Working Time to Tesla

Tesla investors have been increasingly concerned about the time that Musk is devoting to Twitter at the expense of Tesla whose stock value has fallen by almost 49 percent.

Published

1 year ago

November 17, 2022

Investors King

Twitter’s new owner and Tesla CEO, Elon Musk has disclosed that he will be dedicating more time to Tesla as Twitter is about to have a new “Leader”, Elon Musk said while testifying in a Delaware court yesterday.

It could be recalled that soon after Musk completed the acquisition of Twitter in October 2022, he fired the company’s previous chief executive and other senior leaders.

A week after, he retrenched half of the workforce at the microblogging platform.

Elon Musk who also doubled as the world’s richest man has been running the social media giant ever since. A development that has unsettled a number of Tesla investors.

Tesla investors have been increasingly concerned about the time that Musk is devoting to Twitter at the expense of Tesla whose stock value has fallen by almost 49 percent.

However, at the court on Wednesday, the tech billionaire noted that he will “reduce his time at Twitter and eventually find a new leader” to run the social media company.

“There’s an initial burst of activity needed post-acquisition to reorganise the company,” Musk was quoted by Reuters. “But then I expect to reduce my time at Twitter,” he added.

Meanwhile, Elon Musk’s leadership at Twitter so far has been marred with a lot of controversies, changes, opposition and backlashes.

He had initially disclosed that he would increase Twitter’s monthly subscription fee for verified accounts to $20. A development that was strongly opposed by some users. However, his gesture to settle for $8 also met some opposition.

Similarly, many big brands such as Ford, Volkswagen, General Motors, United Airlines and a host of others have suspended paid advertisements on the Twitter platform pending when they will have a clear direction of where Musk is taking Twitter.

The brands have alleged that Elon Musk intends to open the social media platform to hate speech while Musk himself has hinted to reactivate some suspended Twitter accounts including Donald Trump’s.

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Social Media

Elon Musk Envisions X as the Future of Your Financial Life

Published

1 month ago

October 27, 2023

Samed Olukoya

Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.

Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.

X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.

Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”

This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.

The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.

However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.

The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.

As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.

The world watches with bated breath to see if Musk’s bold vision will become a reality.

Social Media

WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts

Published

2 months ago

October 19, 2023

Temitayo Olukoya

WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.

This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.

The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.

Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.

This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.

Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.

Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.

WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.

In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.

This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.

Social Media

X Takes on Bots: New Zealand and Philippines Users Pay $1 Subscription

Published

2 months ago

October 19, 2023

Temitayo Olukoya

X, formerly known as Twitter, has embarked on a bold initiative to combat the growing menace of bots and spammers on its platform.

The company, now owned by Elon Musk, recently rolled out a new subscription plan in New Zealand and the Philippines, requiring new users to pay a mere US$1 per year for access to essential functions like tweeting, replying, retweeting, and liking.

The move, dubbed ‘Not A Bot,’ is designed to fortify X’s ongoing efforts to curb spam, manipulation, and bot activity. New users in these countries must first verify their phone numbers and then pay the nominal fee to post, like, reply, repost, quote posts, and bookmark.

Those who opt out of subscribing will be restricted to “read-only” actions, such as reading posts, watching videos, and following accounts.

Elon Musk, who has been at the helm of X, explained the rationale behind this strategy. Bots, he noted, are inexpensive to set up, costing only a fraction of a penny.

By imposing a nominal fee, X aims to deter bot operators and make it more challenging for them to create multiple accounts.

This move is a part of Musk’s broader vision for transforming X into an all-encompassing app, including payment services.

Musk has been exploring alternative revenue sources as ad revenue declined by 60% due to advertiser boycotts and concerns over content management.

As the ‘Not A Bot’ program unfolds, it holds the potential to revolutionize the fight against bots and spammers, making social media a safer and more authentic space for users. X is eager to assess the program’s effectiveness and may consider expanding it to all users in the future.