Elon Musk polls Twitter users over stepping down as CEO – business live

Elon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platform

Telsa investors seem to pleased with the way that Musk’s Twitter poll is leaning towards his potential resignation, with shares up 4% in pre-market trading:

Economic data interlude:

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Federal investigators focus on emails between Trump lawyers and congressman – as it happened

Revelation casts light on direction of the criminal inquiry into the former president’s insurrection efforts

Joe Biden is at a town hall for veterans in New Castle, Delaware, choking with emotion when talking about his late son Beau, a former National Guard major for whom the center he was speaking at is named.

The president kept his comments tightly focused on the expansion of benefits and services for veterans resulting from the Pact Act, introducing a second world war pilot, and talking of the need to support and improve the physical and mental health of retired military members.

The Pact Act was the first step of being sure that we leave no-one behind.

We also need to pass the bipartisan government funding bill so we can deliver on the act’s promise.

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Twitter’s suspension of journalists sets ‘dangerous precedent’, UN warns

Pressure grows on Elon Musk as EU says social media platform could face sanctions over suspensions

The United Nations is “very disturbed” by Twitter’s abrupt suspension of a group of US journalists, a spokesperson has said, warning that the move sets a “dangerous precedent” – as the EU said the social media platform could fall foul of forthcoming digital regulations.

Stéphane Dujarric said on Friday the UN was “very disturbed” by the barring of prominent tech reporters at news organisations including CNN, the Washington Post and the New York Times who have written about Musk and the tech company he owns.

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Elon Musk loses title of world’s richest person to Bernard Arnault

Loss of top spot to LVMH chief executive comes after Tesla shares more than halve in value

Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla.

Forbes and Bloomberg, which track the wealth of billionaires, reported that Musk had lost the top spot to France’s Bernard Arnault, the chief executive of the luxury group LVMH.

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Twitter relaunches blue tick service with higher price for iPhone users

Those willing to pay $8 on the web or $11 a month via Apple’s app store will get more prominence

Twitter is relaunching its subscription service on Monday, offering users verified status for $8 (£6.50) a month or $11 a month on their iPhone.

The move follows a botched revamp of the service last month that resulted in a host of impersonator accounts appearing on the platform as some users took advantage of the chance to launch bogus “verified” accounts for major companies and public figures.

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Twitter sued for disproportionately firing female workers after Musk buyout

The proposed class-action lawsuit alleges that after the takeover, 57% of women were laid off compared with 47% of men

Twitter has been hit with another lawsuit in the wake of Elon Musk’s mass layoffs, with the latest legal action accusing the company of disproportionately targeting female employees for cuts.

The proposed class action, which was was filed late on Wednesday in San Francisco federal court, said that after Twitter was taken over by Musk, the world’s richest person, it laid off 57% of its female workers compared with 47% of men.

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Elon Musk accused of turning Twitter offices into bedrooms

San Francisco investigating Twitter after complaint says it converted rooms in its HQ into sleeping quarters

Twitter is under investigation by city officials in San Francisco following a complaint that the company allegedly converted rooms in its headquarters to sleeping quarters, an inquiry that has drawn scorn from Elon Musk.

As of Monday, the office has “modest bedrooms featuring unmade mattresses, drab curtains and giant conference-room telepresence monitors” with four to eight beds a floor, employees told Forbes. The changes appear to be part of Musk’s plan for “hardcore Twitter” in which he’s demanded workers dedicate “long hours at high intensity” after he fired nearly half the company’s workforce.

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Macron says he had ‘clear and honest’ discussion with Musk on Twitter policy

The French president had flagged concerns over the platform’s content moderation just a day before

Emmanuel Macron said he had a “clear and honest” discussion with Elon Musk about Twitter’s content moderation policies, just a day after the French president had flagged his concerns on the issue.

“Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have to be made by Twitter to comply with European regulations,” Macron said in a tweet after his meeting with Musk on Friday afternoon.

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Kanye West suspended from Twitter after posting swastika inside Star of David

Elon Musk intervenes after rapper posted image hours after airing antisemitic views in Alex Jones interview

Ye, the rapper formerly known as Kanye West, has been suspended from Twitter after he tweeted an image of a swastika blended with a star of David, less than two weeks after he returned to the platform.

The suspension took place hours after Ye praised Adolf Hitler and the Nazis in an interview on Infowars, a show hosted by the rightwing conspiracy theorist Alex Jones.

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EU raises prospect of big fine or ban if Twitter fails to follow new legislation

Elon Musk has been warned he has ‘huge work ahead’ to comply with the EU’s Digital Services Act

The European Union has raised the prospect of a substantial fine or ban for Twitter after warning that it must “significantly increase” efforts to comply with new online legislation.

Twitter’s new owner, Elon Musk, was told he had “huge work ahead” to comply with the EU’s Digital Services Act, which requires tech firms to tackle problems including abusive posts and disinformation.

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Elon Musk says he will back Trump rival Ron DeSantis in 2024 if he runs for president

Billionaire says he prefers ‘someone sensible and centrist’ but that he had been disappointed by the Democrats so far

Elon Musk has said he would support Donald Trump’s arch rival, Ron DeSantis, in 2024 if the Florida governor were to run for president.

“Yes”, Musk said in a tweet when asked if he would support DeSantis in 2024, after suggesting he had not found his ideal candidate among Democrats.

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Don’t like Musk? Work for us! Tech firms woo ex-Twitter staff

Tech companies aim to pick up experienced engineering talent by appealing to dislike of Tesla chief executive’s methods

Put off by Elon Musk’s muscular management style? Move to us! That’s the pitch being used by talent-starved technology firms trying to lure thousands of former Twitter employees laid off by the social media company under its new owner.

Twitter has fired top executives and enforced steep job cuts with little warning following Musk’s tumultuous takeover of the social media platform. About half of the workforce – around 3,700 employees – has been laid off.

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Elon Musk rules out conspiracy theorist Alex Jones’s return to Twitter

Twitter boss says he has ‘no mercy’ for those who capitalise on deaths of children, citing loss of son in 2002

Elon Musk has said he will not reinstate the conspiracy theorist Alex Jones on Twitter, saying he has “no mercy” for people who capitalize on the deaths of children for personal fame.

Twitter permanently suspended the accounts of Jones and his Infowars website in September 2018 for violating the platform’s abusive behavior policy.

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Elon Musk reinstates Donald Trump’s Twitter account after taking poll

‘The people have spoken,’ says site’s owner, having acknowledged during online poll that automated bots were voting too

Elon Musk has reinstated Donald Trump’s Twitter account after users on the social media platform voted by a slim majority to lift a ban on the former US president.

Trump’s account was suspended in 2021 after the January 6 Capitol riot, for violating Twitter guidelines and because of the risk of “further incitement of violence”.

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‘More work to do’: Eli Lilly admits insulin pricing could be lower amid Twitter chaos

Furor over platform’s verified profiles may have done some good, but challenges still plague the site after a mass worker exodus

Against warnings that Twitter is on the verge of collapse, the social media platform hadn’t died Saturday – at least not yet. But things aren’t necessarily going well for new owner Elon Musk’s goal to re-engineer the company to his tastes and with it the larger, potentially quixotic, goal of re-setting standards of social discourse online.

But while reports of chaos at the company multiply, not all interactions have necessarily proved negative. Pharmaceutical giant Eli Lilly said last week that a tweet by an imposter account over insulin pricing in the US that caused the company’s stock to plunge “probably highlights” a need to bring down the cost of the drug.

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Elon Musk summons Twitter engineers amid mass resignations and puts up poll on Trump ban

Reports show nearly 1,200 workers left company after demand for ‘long hours at high intensity’, while Musk starts poll on whether to reinstate Donald Trump

Elon Musk emailed Twitter staff on Friday asking that any employees who write software code report to the 10th floor of the office in San Francisco in the early afternoon, according to multiple news reports.

The billionaire said in a follow-up email, “If possible, I would appreciate it if you could fly to SF to be present in person,” adding he would be at the company’s headquarters until midnight and would return Saturday morning, Reuters reported. The engineers should report at 2pm on Friday.

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Twitter blue check unavailable after impostor accounts erupt on platform

Before Elon Musk took over the badge was granted to celebrities and journalists verified by the platform to prevent impersonation

Twitter’s relaunched premium service – which grants blue check verification labels to anyone willing to pay $8 a month – was unavailable on Friday after the social media platform was flooded by a wave of impostor accounts approved by Twitter.

The latest move caps a chaotic start for the new subscription service, one of the first major changes made by Elon Musk after taking over the company two weeks ago.

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Biden says Elon Musk’s connections to other countries ‘worthy of being looked at’

President had been asked if he thought the new Twitter boss was a threat to US national security

Joe Biden thinks Twitter boss Elon Musk’s relationships with other countries is “worthy of being looked at”.

Biden was asked at a news conference on Wednesday whether he thought Musk was a threat to national security and if his acquisition of Twitter with help from a Saudi Arabian conglomerate should be investigated by the US government.

Reuters contributed to this report

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Elon Musk scrambles to reassure advertisers amid ‘blue check’ verification chaos

As the brand-new CEO experiments with changes at the company, major brands pause spending on the platform

Elon Musk sought to reassure advertisers on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands.

But his effort came after a day of changes to the platform’s account verification systems, and an acknowledgement from Musk that some “dumb things” might happen as he transforms the company.

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Musk promises to investigate Twitter suspension of far-right Brazilian figures

High-profile names, including grandson of military dictator, complained they were being denied free speech

Elon Musk has promised to investigate why several far-right personalities in Brazil were removed from Twitter after some high-profile names, including the grandson of a former military dictator, complained they were being denied free speech.

Twitter Brasil suspended profiles of three rightwing politicians recently elected to congress: Carla Zambelli, Gustavo Gayer, and Nikolas Ferreira, a 26-year-old who won 1.5m votes and has 2 million followers.

They and other supporters of the extremist president Jair Bolsonaro were removed from the platform in the past week in response to an undisclosed legal demand.

All criticised the decision, as did Paulo Figueiredo Filho, the grandson of João Figueiredo, Brazil’s military president between 1979 and 1985, and now a commentator for the rightwing media operation Jovem Pan.

“Hey @elonmusk, your company has been imposing a draconian ideological censorship of the Brazilian people’s right to free speech,” Figueiredo tweeted. “We are at a critical moment in our history! Wtf is going on?? We thought you bought Twitter exactly for this reason! Rise and lift the censorship NOW!”

“I will look into this,” Musk replied.

Figueiredo, whose account with 946,000 followers is still active, did not respond to a tweet asking for comment but he did reveal that his Telegram account had been suspended.

His grandfather was the last military president before Brazil returned to democracy after a 21-year dictatorship that saw hundreds of people killed and thousands more tortured and jailed.

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