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To describe the last few weeks on Twitter as turbulent is probably an understatement. Since Elon Musk took over the short messaging service, nothing has been the same – and whether everything is changing for the better now we will leave in the room at this point. At the moment there is even more chaos and there is now a court case.
Elon Musk is missing employees
After the Tesla boss officially took over Twitter, the usual erratic actions followed, something Musk is almost used to. First he fired the entire management floor and then about half the workforce. Shortly after, however, Elon Musk realized that he probably needed to lay off some of the employees and offered them a return to the company.
After mass layoffs there are mass layoffs
Elon Musk is known for an original leadership style, to say the least. Then he gave an ultimatum to the other employees. You should be prepared to work at least 80 hours a week. The home office was also cancelled. Musk says anyone they don’t like can leave the company. As a result, hundreds of employees resigned, and in some cases entire teams left Twitter. Incidentally, there is now a whole thread of secure messages from the employees. There are unconfirmed reports that only 2,000 to 2,500 employees remain out of the 7,500 employees.
— DM of Engineering 🎲 (@dmofengineering) November 17, 2022
And the chaos continues
The chaos that followed around the blue hook was almost epic. Initially, this was reserved for celebrities, politicians, organizations, journalists, etc. which were, however, to verify themselves in a complex process. To flow money into the empty Twitter coffers, Elon Musk decided to introduce a paid subscription, everyone who accepts such a subscription should receive a blue tick – without checking it first. After activating the subscription model, chaos broke out. Many fake accounts appeared with a blue tick. The outbreak was particularly deadly for US pharmaceutical company Eli Lilly, which sells insulin in the US. You must know that in the USA the patients often have to pay for insulin themselves, while in Germany the costs are covered by the health insurance company. Now, on a Twitter account named Eli Lilly and with a blue tick, it has been announced that insulin is now free. As a result, the stock market price fell and the pharmaceutical giant lost millions. However, the Twitter account was not the “real” Eli Lilly account, but a fake account. Many other companies and celebrities have fallen victim to the fake accounts. The service has now been restored.
Blocked accounts get a general amnesty – except for one
After buying Twitter, Elon Musk announced that he would use a “Content Moderation Council”. Instead, the richest man in the world prefers that people vote on whether to unlock banned accounts, with predictable results. Incidentally, channels are excluded from the amnesty, but recently Musk and Twitter respectively made the accounts of Kanye West (racism and anti-Semitism), Babylon Bee (who made fun of transgender people), Andrew Tate (misogynist and homophobe) and of course. Donald Trump, generally known for his antics. However, it is doubtful whether the latter will return to Twitter. Only one account will be unblocked: that of conspiracy theorist Alex Jones.
The people spoke.
Amnesty starts next week.
Vox Populi, Vox Dei.
— Elon Musk (@elonmusk) November 24, 2022
Advertisers are fleeing Twitter
Elon Musk’s behavior now far-reaching consequences. Twitter loses a lot of advertisers. For example, Audi announced that the company will withdraw completely from the short message service first. Volkswagen has already frozen its activities there.
Lawsuit against Twitter in Frankfurt court for hate speech
Elon Musk and Twitter face an additional threat. The Frankfurt Regional Court is currently hearing a lawsuit against Twitter, the verdict is expected in mid-December. The anti-Semitism commissioner of the state of Baden-Württemberg had filed a lawsuit against the courier service. He wants to ensure that allegations made by other Twitter users that violate his personal rights are permanently deleted. At the same time, all tweets with essentially the same statements should also be deleted. He is supported by his lawyer Chan-Jo Jun and the organization Hate Aid. Blume accuses Twitter of not properly vetting about 50 reported tweets, but only applying “internal guidelines”. A verdict could have far-reaching consequences as the lawsuit is directed against Twitter International. Solving the problem fundamentally requires interventions in the programming and algorithm. However, there is a lack of people on Twitter right now. However, the lawyer does not accept staff shortages as an excuse. These are no reason to continue to violate. In similar cases, courts have already ruled that servers were shut down.
And what is the Dogecoin course doing?
Although Elon Musk tends to have an on/off relationship with Bitcoin, his favorite is the memecoin Dogecoin. In fact, one could almost expect the price to drop because of the recent “DoGFather”, but the opposite is true. The Dogecoin is risingThe current rate is at $0.08221. For now, however, the coin is still far from its March 2021 all-time high of $0.73. However, if the mood is still positive, it could be that this record could be broken.
Robot Era – the new gaming base in the Metaverse
Besides the CEO of Twitter, SpaceX and Tesla, Elon Musk is also a passionate gamer and crypto fan. A new coin currently available in the PreSale may pique his interest. The Taro, native sign of the new Play to Earn RobotEra sandbox game.
RobotEra – the last times sandbox game
After a catastrophic war between robots and natives, everyone has been wiped out and the planet Taro is in ruins. What remains is a new species of robots trying to resettle the planet and make it habitable. As a gamer, you slip into the role of such a robot NFT and try to create a new world. For this you have to explore the world of Taro, mine resources, build buildings and of course protect your land. The game offers an attractive mix of sandbox gaming to the players of the day Minecraft, NFT and Metaverse. RobotEra certainly has what it takes to be the next big thing in the Play to Earn Metaverse.
The taro sign
The game’s native token, the Taro coin, is currently available for purchase in the PreSale. The first of three pre-sale phases is currently underway. Currently the price of taro is at $0.020.
Last updated on November 25, 2022
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