twitter Twitter Sues Elon Musk to Force Completion of $44 Billion Buyout Twitter files a lawsuit against Elon Musk, accusing the billionaire of acting in bad faith to back out of his $44 billion acquisition deal. The social media company seeks a court order to compel Musk to honor the binding agreement.
instagram Instagram Tests Converting All Video Posts into Reels Format Instagram is experimenting with a change that automatically turns standard video posts into Reels for select users worldwide. This move aligns with Meta's ongoing strategy to prioritize short-form video and simplify the app's experience.
app economy App Economy Booms as Instagram Tests New Age Verification Methods The global app industry reaches record highs in spending and downloads, while Instagram rolls out new age verification tools. Consumers now spend more time on mobile apps than watching TV.
telegram Telegram Reaches 700 Million Users, Launches Premium Subscription Tier Telegram introduces a paid subscription plan costing up to $6 monthly, offering enhanced limits as its user base surpasses 700 million. This move marks the messaging app's first major step toward sustainable monetization without relying on advertisers.
elon musk Elon Musk Uses Bot Claims to Challenge Twitter Acquisition Elon Musk claims spam and fake accounts make up a massive portion of Twitter's user base, threatening to walk away from his $44 billion buyout deal if the company cannot prove otherwise.
elon musk Elon Musk Outlines Wild Vision for Twitter in First Staff Meeting Elon Musk tells Twitter employees he wants to reach a billion daily users and potentially charge for verified accounts. The meeting leaves the actual status of his $44 billion acquisition deal unclear.
elon musk Elon Musk Threatens to Abandon $44B Twitter Purchase Over Bot Data Elon Musk warns he will terminate his $44 billion agreement to buy Twitter unless the company provides detailed data on fake and spam accounts. Twitter insists it shares information appropriately and plans to close the deal at the original agreed price.
elon musk Elon Musk Secures $46.5 Billion to Fund Potential Twitter Buyout Elon Musk lines up $46.5 billion in financing from Morgan Stanley and other institutions for a possible Twitter acquisition. He has not yet decided if he will formally launch a tender offer to purchase shares directly from investors.
meta platforms Meta Platforms Stock Plummets 24% Despite Strong User Engagement Meta Platforms experiences a massive stock drop following a Q3 earnings miss, largely driven by investor frustration over continued Metaverse spending. Despite the sell-off, the social media giant reports record-breaking user engagement and presents a potential buying opportunity.
twitter Elon Musk Reinstates Donald Trump's Twitter Account After User Poll Elon Musk restores Donald Trump's banned Twitter account following a public poll, reversing the permanent suspension from January 2021. The controversial move reactivates the former president's profile and past tweets.
china China Enforces World's Most Extensive Rules on Recommendation Algorithms China implements sweeping new regulations that require tech companies to increase transparency and user control over recommendation algorithms. The rules mandate strict ethical guidelines and take effect on March 1, 2022.
meta Meta's Record $195B Stock Plunge Highlights Tech Giant Vulnerability Meta Platforms experiences a historic 22 percent stock drop, potentially erasing $195 billion in market value following disappointing earnings. Analysts warn that stiff competition from TikTok and slowing user growth signal deeper troubles for the social media behemoth.
elon musk Elon Musk Sets Twitter Blue Price at $8 Monthly for Verification Elon Musk announces that Twitter Blue will cost $8 per month and serve as the exclusive path to getting a verified blue checkmark on the platform.
twitter Musk Reportedly Demands $20 Monthly Fee for Twitter Verified Status Elon Musk instructs Twitter staff to charge verified users $19.99 per month to keep their blue check marks. Employees face a November 7 deadline to implement this change or risk losing their jobs.
elon musk Elon Musk Acknowledges Overpaying for Twitter but Predicts Massive Future Value Elon Musk admits he is currently overpaying for Twitter with his $44 billion deal, but he argues the platform's long-term potential is an order of magnitude greater than its current value.