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Tag: Twitter acquisition

  • US President Joe Biden accuses Twitter of ‘spewing lies’, slams Elon Musk

    US President Joe Biden accuses Twitter of ‘spewing lies’, slams Elon Musk

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    US President Joe Biden slammed Elon Musk’s acquisition of Twitter Inc., accusing the social media platform of spreading lies.

    Biden made the comments during a fundraiser in Chicago on Friday evening, warning donors about the impact of the November 8 midterm elections on the coming years.

    Biden said, “Now what are we all worried about? Elon Musk goes out and buys an outfit that sends and spews lies all across the world.”

    “There’s no editors anymore. How do we expect kids to be able to understand what is at stake?” added Biden.

    Musk, who bills himself as a champion of free speech, paid $44 billion for Twitter. He has fired most of the company’s top executives and board members, and has quickly implemented a plan to lay off roughly half of its 7,500 employees.

    Civil rights organisations are also increasing their pressure on advertisers to ensure Musk takes steps to prevent the platform from being used to spread hate speech or disinformation.

    Musk acknowledged on Friday that concerns about Twitter content moderation had resulted in a “massive drop in revenue,” but claimed that “nothing has changed with content moderation.”

    Musk has been looking for ways to reduce expenses and profit from the platform in various ways. One of his ideas is to charge users a monthly subscription fee to be verified on the platform.

    Additionally, he suggested that users who paid the $8 monthly fee would have their Tweets prioritised in replies, mentions, and searches. This proposal drew criticism from some users on Twitter who claimed that he was establishing a two-tier system that would favour those who were willing to pay.

    Twitter employees had filed a class action lawsuit alleging that the company was violating federal and Californian law by making significant job cuts without providing 60 days’ notice.

    Also Read: Twitter India employees get emotional and nostalgic, bid their ‘Final Goodbyes’

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  • When Sriram Krishnan, the techie helping Elon Musk revamp Twitter, talked tech with AR Rahman 

    When Sriram Krishnan, the techie helping Elon Musk revamp Twitter, talked tech with AR Rahman 

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    After firing CEO Parag Agarwal and his core team, Elon Musk’s choice of yet another Indian-origin engineer to help him revamp the microblogging site, Sriram Krishnan, has an interesting connection with Academy Award winning Indian musician AR Rahman – When Krishnan and his wife talked tech with the Mozart of Madras.  

    Krishnan, who invests in crypto/web3 ventures as a General Partner at Silicon Valley VC firm Andreessen Horowitz (a16z), co-hosts a podcast on product and technologies called Aarthi and Sriram’s Good Time Show along with San Francisco-based entrepreneur and his wife Aarthi Ramamurthy since January 2021.  

    The two, considered a Silicon Valley power couple, quizzed Rahman in an hour-long interview on August 4 mainly about his musical journey but also about how he uses technology in his music, Artificial Intelligence and on Indians building technology companies.    

    To a question on how he applies AI in music, the music maestro said: “If you take mixing, there are certain frequencies we don’t hear. AI helps identify which frequencies are disturbing, what is lacking in a mix, so we can get all that stuff. Some of the organic stuff is really cool. And sorting of samples. It does all those things which took ages to compile. There are many uses of it. Maybe one or two compositions may come out of AI, but any stuff that is cohesive needs to come from a human, so far. That’s a job which can’t be taken away hopefully.”

    Rahman spoke about a doing a course in MIT on imaging and AI when he babysitting his kids during a summer course at Berkeley. “I am a synthesiser and work with algorithm and operators and all this stuff for the past 35 years now. So, it’s just a one-step away thing, not a new thing and I have been dealing with microprocessors, synthesizers and computers and samplers,” he told Krishnan and Aarthi.

    The show, available on Apple Podcasts, Spotify, and YouTube has also had co-founder Marc Andrreessen of Silicon Valley VC firm Andreessen Horowitz, Oculus founder Palmer Lucky, Indian comedian Tanmay Bhat, entrepreneur Gary Vaynerchuck as guests.   

    In the early part of 2021. Krishnan and his wife launched a Clubhouse talk show that focused on organic conversations on start-ups, venture capitalism and cryptocurrencies. The show featured prominent guests like Elon Musk, Mark Zuckerberg, Tony Hawk, Diane von Furstenberg, Kanye West, and social media influencer MrBeast. The Good Time Show moved to YouTube from Clubhouse in 2022. 

    An alumnus of SRM Engineering College in Chennai’s Anna University, Krishnan has held jobs at Snap and Twitter before. On October 31, he tweeted:    
    “Now that the word is out: I’m helping out @elonmusk with Twitter temporarily with some other great people. I (and a16z) believe this is a hugely important company and can have great impact on the world and Elon is the person to make it happen.   

    PS. Still very much in my day job at @a16zcrypto. If you’re a crypto founder, you know how to find me,” he said in a Twitter thread on Monday.  

    Krishnan started working with Microsoft in 2007 as a program manager for Visual Studio. He later moved to Facebook where he helped building the Facebook Audience Network, a competitive platform to Google’s ad technologies. He also worked with Snapchat where he built the social media platform’s ad tech platform shortly before the company’s IPO.   

    After serving at some of the top Silicon Valley companies, Krishnan moved to Twitter where he served as senior director of product and contributed to the core user experience and launching a redesigned home page and events experience.

    Also Read: ‘Make Sriram Krishnan Twitter CEO and launch Twitcoin’: Shark Tank India judge Anupam Mittal to Elon Musk 
     

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  • Elon Musk says Twitter to form content moderation council for THIS reason

    Elon Musk says Twitter to form content moderation council for THIS reason

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    After Elon Musk closed the $44 billion Twitter deal on Thursday night, he announced the formation of a content moderation council for Twitter, which will undoubtedly have diverse viewpoints.

    The council will be held accountable for all major content-related decisions, and no accounts will be reinstated before the council meets.

    Musk tweeted, “Twitter will be forming a content moderation council with widely diverse viewpoints. No major content decisions or account reinstatements will happen before that council convenes.”

    The Tesla CEO also raised eyebrows among social media users when he tweeted “Let the good times roll” shortly after acquiring the social media platform and closing the deal.

    Musk had promised to reduce content moderation, paving the way for Trump to return to the platform.

    The then-president was barred due to concerns that he would incite more violence, such as the deadly attack on the US Capitol in 2021, to overturn his election loss.

    Trump said on his Truth Social platform that he was “very happy that Twitter is now in sane hands,” but he made no commitment to return if allowed.

    Musk had previously dismissed speculation about why he would purchase Twitter for $44 billion, as well as his thoughts on advertising.

    Also Read: Elon Musk’s Twitter takeover: Who is funding the deal?

    Also Read: Musk takes over Twitter, says ‘let the good times roll’

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