Phony Stark aka Elon Musk Closes On Twitter Deal, Lays Off Execs
HipHopWired Featured Video Source: Anadolu Agency / Getty Elon Musk has officially closed the deal to acquire Twitter, and one of his first immediate actions was to fire three lead executives at the company. According to reports, the billionaire had to finalize the deal by Friday (Oct. 28) per the terms of the agreement he made to purchase the social media platform. He announced the closure on Twitter with a simple message: “the bird is freed.” He wasted no time in making changes, as Twitter CEO Parag Agrawal, CFO Ned Segal, and Head of Legal Policy, Trust, and Safety Vijaya Gadde were immediately fired. Reports stated that they left the San Francisco offices soon after the decision. The move was expected, as Musk had been highly critical of higher management in the months leading up to th...
Elon Musk Officially Closes Twitter Deal, Fires Top Executives
After much deliberation and legal back-and-forth, Elon Musk has officially finalized his purchase of Twitter. He closed the $44 billion deal late on Thursday, October 27th. Per The Washington Post, one of Musk’s first moves was firing top Twitter executives including CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety. The company’s general counsel, Sean Edgett, was also let go. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk wrote on Twitter prior to formalizing the deal. “I didn’t do it to make money. I did it to help humanity, whom I love.” Advertise...
Phony Stark aka Elon Musk May Layoff 75% Of Twitter Workers
HipHopWired Featured Video Source: Anadolu Agency / Getty A new report concerning billionaire Elon Musk and his impending acquisition of Twitter says that he may let go of up to 75% of the company’s workforce. According to one report, the Tesla founder has stated to prospective investors in the social media platform that he’s planning to get rid of up of 75% of the workforce once his deal to acquire Twitter is closed. The news, delivered Thursday (Oct. 20), sent shockwaves throughout the tech industry. It was confirmed that the company had already planned layoffs among its 7,500-employee workforce in addition to shuttering key data centers. A lawyer for Elon Musk declined to comment when contacted by the press, but the billionaire reportedly told people on an earnings call for Tesla that h...
Celsius users concerned over personal info revealed in bankruptcy case
Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy Court for the Southern District of New York. While this may be, a series of unusual events have ensued since Celsius filed for bankruptcy. For instance, Chief United States Bankruptcy Judge Martin Glenn — the judge overseeing the Celsius case — stated on Oct. 17 that the court will look abroad for guidance. Glenn specifically mentioned that “Legal principles that are applicable in the United Kingdom are not binding on courts in the United States,” yet he noted that these “may be persuasive in addressing legal issues that may arise in this case.” While the treatment of the Celsius c...
Unsung hero saves DeFi protocol from potential exploit: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either averted an attempted hack or got a significant chunk of their stolen funds back. The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge and swap them for real ones. However, one Twitter user was able to foresee the vulnerability and informed the cross-bridge platform about it. The Moola Market attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocur...
Kanye West AKA Ye Cut Off From Twitter & Instagram For Antisemitic Comments
HipHopWired Featured Video Source: Stephane Cardinale – Corbis / Getty Kanye West, AKA Ye, went on recent social media rampages, airing out personal conversations and hurling accusations against some of his business associates. During these rants, the famed rapper, producer, and designer took aim at the Jewish community with antisemitic comments, causing him to be cut off from Twitter and Instagram. Over the weekend, Kanye West was already locked out of Instagram for violating its user policies and used Twitter to call out Meta owner Mark Zuckerberg, whose company owns Instagram and WhatsApp. Later, Elon Musk welcomed Ye back with open arms on the platform that the Tesla founder is reportedly slated to purchase. Related Stories Hip-Hop Wired reported on one of the tweets in question that s...
How Crypto Twitter could change under Musk’s leadership
Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. The platform is a popular communication and news tool for crypto enthusiasts, users and investors, not to mention crypto scammers, with the social media platform seeing roughly 120,000 tweets per day about #Bitcoin alone, according to BitInfoCharts. Looking back at Musk’s initial commentary when he proposed a buyout of Twitter could shed some light on what changes he envisions for the platform. This includes a focus on free speech, eliminating spam bots, fake accounts, an edit function and possibly even crypto payments have all been considered...
Phony Stark, AKA Elon Musk Finally Agrees To $44 Billion Twitter Purchase
HipHopWired Featured Video Source: NurPhoto / Getty Phony Stark, aka Elon Musk, wants to buy Twitter. No, for real this time. We think. Yahoo! Finance reports the Tesla chief finally agreed to purchase Twitter, and the social media company has also decided to honor Musk’s initial proposal. Per Yahoo! Finance: Twitter has agreed — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” Related Stories The agreement follows months of legal drama after Musk tried to back out of his original agreement to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter...
Elon Musk Agrees to Buy Twitter (Again) at Original Price of $44 Billion: Report
Elon Musk has agreed to buy Twitter at his original proposed price of $54.20 per share, or about $44 billion total, Bloomberg reports and the New York Times confirms. Few details are known at this time. Musk is said to have expressed his renewed interest in a letter to the social media giant on the evening of October 3rd and met in court with Twitter representatives the morning of October 4th. Musk began trying to back out of the purchase agreement almost as soon as Twitter accepted it his original offer in April. He accused the platform of misleading or lying to investors about its number of daily active users, saying in May that the deal “cannot move forward” until Twitter proved that less than 5% of users are bots or spam accounts. Advertisement Related Video The Tes...
How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine
The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX). The United States Securities and Exchange Commission (SEC) fined Kardashian $1.26 million on Oct. 3, for “touting on social media” about the EMAX without disclosing she was paid $250,000 to post about it. Kardashian has neither admitted to nor denied the SEC’s allegations, but settled the charges and agreed to not promote any cryptocurrency assets until 2025. SEC chairman Gary Gensler tweeted the fine was a reminder that celebrity endorsement of investment opportunities doesn’t “mean those investment products are right for all investors.” Today @SECGov, we charged Kim Kardashian for unlawfully touting a crypto securi...
Kid Cudi Declares He’s Writing A Memoir
HipHopWired Featured Video Source: Jason Koerner / Getty It seems that Kid Cudi isn’t pleased with being the center of speculation and beef, so he’s taking control and declaring that he will write a memoir. The Man In The Moon rapper has been active on social media in the past few days, even referring to himself as “the most hated man in Hip-Hop right now.” But in a later post, the artist claimed that he’s going to write his own story. “I’m writing a memoir. I’m finally gonna tell my story. The full story. All real. All honest,” he wrote in a Twitter post last Friday (Sept. 16). Related Stories He continued in another tweet saying that he had actually written a chapter: “Started writing the first chapter of my book. It’s comin together really well. Tellin my s...
Ethereum Merge: Community reacts with memes, GIFs and tributes
It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge. On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus mechanism. Many crypto enthusiasts and climate advocates worldwide have been thrilled by the positive impact it will have on the environment and thus, crypto’s reputation. Others have just been in awe of the technological feat of upgrading an entire blockchain network without any stoppages. Ethereum Ethereum30 minutes ago Now pic.twitter.com/cyQb3pAdtt — WolfOfEthereum.eth ️ (@Crypto_Wolf_Of) September 15, 2022 Uniswap Labs founder and CEO ...
