Shocking Boost! Elon Musk Celebrates New Twitter Usage High as Engineers Flee | Tech News

Shocking Boost! Elon Musk Celebrates New Twitter Usage High as Engineers Flee

Twitter Inc. owner Elon Musk tweeted out an upbeat message saying the company beat its all-time high in usage.

By:BLOOMBERG
| Updated on: Nov 18 2022, 20:03 IST
Elon Musk Twitter Bankruptcy Talk: Timeline
Elon Musk
1/13 He’s told employees to brace themselves for long hours, that “the road ahead is arduous and will require intense work to succeed,” and said bankruptcy was possible. Here’s how the saga is unfolding: (Bloomberg)
Elon Musk
2/13 Oct. 27: Musk takes control- His first act is to fire the Board along with CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde and Counsel Sean Edgett. Musk forms advisory team that includes celebrity attorney Alex Spiro, VC David Sacks, Neuralink CEO and head of Musk’s family office Jared Birchall, investor Jason Calacanis, and partner of Andreessen Horowitz Sriram Krishnan. (Reuters)
Elon Musk
3/13 Oct. 28: Brands begin to take pause- As Musk plans to unban accounts and says he will charge for user verification, advertisers suspend ads. (AFP)
Elon Musk
4/13 Oct. 31: Top tweeters protest- Amid murmurings of plans to charge existing verified accounts, author Steven King tweets, “$20 a month to keep my blue check? F**k that, they should pay me. If that gets instituted, I’m gone like Enron.” (AFP)
Elon Musk
5/13 Nov. 1: Teams working around the clock- The product team works over the weekend on Musk’s idea to charge users for blue check marks. A photo of product director Esther Crawford sleeping on the floor of a conference room, trying to make the deadline, goes viral. Meanwhile, managers are asked to make lists of who can be fired. Employees print out their software code for review by Musk and engineers from Tesla, to determine if their contributions are worthy of keeping a job. (REUTERS)
Elon Musk
6/13 Nov. 3: Massive layoffs begin- A memo is sent to all employees telling them of imminent layoffs and to watch for an email with the subject line: “Your Role at Twitter.” Badge access to offices is suspended as 3,700 staffers receive word that they’ve been cut. Realizing employees essential for the continuity of the business have been let go by mistake, some are asked to come back. (AP)
Elon Musk
7/13 Co-founder EV Williams tweets, “Heart’s out to the tweeps getting laid off today.” Co-founder Jack Dorsey adds, “I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that.” (REUTERS)
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8/13 Nov. 5-6: Musk responds to celebrity protests- Unrest grows on the platform over the weekend, particularly over the issue of impersonator accounts. Actress Valerie Bertinelli starts a movement of people changing their Twitter names to “Elon Musk.” Comedian Kathy Griffin joins the protest, finds her account locked. Then Musk announces, “Going forward, any Twitter handles engaging in impersonation without clearly specifying `parody’ will be permanently suspended.” (AP)
Elon Musk
9/13 Nov. 8: Musk sells more Tesla- Despite a previous vow not to sell any more Tesla stock, Musk sells an additional $3.95 billion, bringing the total sold in past year to $36 billion. (REUTERS)
Elon Musk
10/13 Nov. 9: Musk Blue tick mark- Blue check mark option becomes available for purchase, and immediately becomes a tool for impersonators. An account masquerading as Nintendo Inc. posts an image of Super Mario holding up a middle finger. (REUTERS)
Elon Musk
11/13 Tesla and SpaceX CEO Elon Musk, and a close cadre of advisers are considering a host of changes to the way Twitter is run and makes money. (REUTERS)
Elon Musk
12/13 Nov. 10: More key executives quit as Musk warns of bankruptcy- In his first meeting with employees, Musk tells them to brace for 80-hour weeks and requires everyone back in the office full time. He also says bankruptcy for the company is not out of the question if it doesn’t start generating more cash. Several executives in charge of keeping Twitter safe and accountable to its users quit, including chief information security officer Lea Kissner, chief privacy officer Damien Kieran and chief compliance Marianne Fogarty.. (AFP)
Elon Musk
13/13 Nov. 11: Verified accounts get “Official” tags- Twitter adds badges that say “offiical” to verified accounts in some places, though confusion abounds. More brands depart the platform. (REUTERS)
Elon Musk
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Despite mass resignation, Elon Musk appears upbeat in his latest tweet celebrating increasing number of Twitter users since his $44 Bn acquisition. (AFP)

Twitter Inc. owner Elon Musk tweeted out an upbeat message saying the company beat its all-time high in usage late Thursday, on a day when many employees decided to leave the company.

It was the second time in a week that the social network set a record, according to Musk, who said it hit its highest-ever number of daily active users on Nov. 11. In another message posted this week, the billionaire -- who hasn't given himself a specific job title at Twitter after adopting “chief Twit” and “complaint hotline operator” briefly -- posted a chart showing user numbers rising since his acquisition. Musk has long disputed the accuracy of Twitter's internal metrics, saying they are unreliable due to an overabundance of fake or bot accounts.

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Earlier on Thursday, Twitter decided to abruptly shut its offices after many employees reacted negatively to Musk's ultimatum of either staying for a new “hardcore” work environment or leaving with three months' severance. So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property, Bloomberg News reported.

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Musk ‘Hardcore' Ultimatum Spurs Exodus, With Twitter at Risk

Uncertainty hangs over Twitter's ability to continue normal operations after the company dismissed its executive team and laid off half the workforce in Musk's first few days in charge. The new leader has since reversed several decisions he's made, including recalling some laid-off staff who were working on features he wanted to add. Musk has also equivocated about Twitter's “Official” label attached to accounts of recognized public entities or companies. His signature $8 Blue Verified subscription offering has been delayed to Nov. 29 “to make sure that it is rock solid,” Musk said.

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First Published Date: 18 Nov, 19:42 IST
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