Twitter Meets Wall Street: Why Wall Street is Wrong: Musk’s Deposition and His Twitter Career in China has Been Delayed
According to The Washington Post, the company has been added to the business empire of the most important shitposter in the world. He celebrated by firing executives.
The execs got handsome sums of money for the trouble and Personette got $11.2 million.
Musk was scheduled to be deposed on October 6th and 7th, after having moved his deposition from late September. He decided to honor the contract his lawyers negotiated after only a few days before the deposition. That deposition was probably going to be uncomfortable; a judge found that Musk likely deleted Signal messages that were relevant to the case. Musk got a court order to halt proceedings to allow the deal to close by October 28th as the deposition was delayed.
“Day zero,” Calacanis texted Musk. “Sharpen your blades boys.” Requiring Twitter employees to return to offices would mean 20 percent of the staff would leave voluntarily, Calacanis wrote. Calacanis told Musk that he was interested in the job ofTwitter CEO.
The Supreme Court agreed to take up two cases in which it will determine if they will affect the free speech stance of the micro-blogging site.
Musk has talked about creating a “X, theeverything” app. This is a reference to China’s WeChat app, which started life as a messaging platform but has since grown to encompass multiple businesses, from shopping to payments and gaming. “You basically live on WeChat in China,” Musk told Twitter employees in June. “If we can do it withTwitter, we’ll be a great success.”
Some employees of the social network are preparing to file a class action lawsuit against Musk’s company after they were told they would be laid off on Friday.
“If your employment is not impacted, you will receive a notification via your Twitter email,” a copy of the email obtained by CNN said. If your employment is affected, you will get a notification via your personal email.
The email added that “to help ensure the safety” of employees and Twitter’s systems, the company’s offices “will be temporarily closed and all badge access will be suspended.”
The class action lawsuit alleges that the WARN Act was violated by the laying off of some employees.
60 days is the minimum amount of notice that an employer with more than 100 employees must give before mass layoffs.