Overspending on Twitter was the easy part. Now Elon Musk must turn around a social media platform that he has spent months ridiculing.
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Elon Musk became Twitter’s owner on Thursday, in the process firing top executives, including CEO Parag Agrawal.
Twitter shares will be suspended from trading as Elon Musk faces a 28 October deadline to close his deal to buy the social media company.
Twitter is struggling to keep its most active users, who are vital to the business, engaged, according to internal research documents.
WhatsApp experienced a global outage on Tuesday, with users unable to connect to the platform for almost two hours.
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.
Elon Musk said he was excited about his pending acquisition of Twitter, although he was overpaying for the social media company.
Ye, formerly known as Kanye West, said he was motivated to acquire Parler by his belief that existing platforms are too restrictive when it comes to user speech.
MoyaApp, with six million active monthly users in South Africa, is working hard to become as big as WhatsApp in the country, its founder tells TechCentral.
Parlement Technologies, the parent company of social media app Parler, said on Monday that it will be acquired by rapper Kanye West.