Twitter withdrew from a voluntary agreement with the European Union to tackle disinformation, while saying it was committed to complying with upcoming internet rules in the EU.ĮU industry chief Thierry Breton warned Twitter last week that it would not be able to avoid legal obligations in the EU after quitting the voluntary agreement.
The company is also facing increasing scrutiny from regulators over its moderation efforts. Musk has promoted a feature called Community Notes, which lets users add context to tweets, as a way to combat misleading information on Twitter. Since Musk's acquisition, Twitter has cut costs dramatically and laid off thousands of employees, including many who had worked on efforts to prevent harmful and illegal content, protect election integrity, and surface accurate information on the site. TWITTER INC share price - Stocktwits is the best way to find out what is happening right now around the TWTR stock and other stock companies and markets. Musk announced earlier this month that he hired Linda Yaccarino, former NBCUniversal advertising chief, to become Twitter's new CEO.įortune earlier reported that Irwin's internal Slack account appeared to have been deactivated. Irwin's departure comes as the platform has struggled to retain advertisers, with brands wary of appearing next to unsuitable content. April 13 (Reuters) - Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other. Irwin declined further comment and Musk did not immediately respond to a request for comment. She oversaw content moderation.Īn email to Twitter returned an automated reply with a poop emoji. Visit our newsletters page for the latest editions of News and Notes, Commissioner Rosas. Irwin, who joined Twitter in June 2022, took over as head of the trust and safety team in November when previous head Yoel Roth resigned. Notably, this is in the face of increased competition from the likes of EV startups such as Nio ( NIO), Li Auto ( LI), Rivian ( RIVN) and Lucid ( LCID).(Reuters) - Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October. Musk owns 73,486,938 shares of Twitter, which represents a 9.2 passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday. Despite of all of that, including the recent declines, Tesla shares are up 36% year to date, besting the 7% rise in the S&P 500 index. With the recent decline, including losing 7% of its value over the past thirty days, and 14% in six months, there is still tons of value in the shares, but there’s also the glass-half-full perspective. Since reaching its 2023 high of $217.65 on February 16, the shares have fallen 23% based on Friday's close. The stock’s muted response to the Twitter CEO announcement is one thing however, the bigger picture is also about Tesla’s fundamentals. He said on Friday that his role at Twitter will transition to being executive chair and chief technology officer at the company. One possible reason for the stock falling could be a belief that Musk would still be heavily involved in the day-to-day operations of Twitter. Some investors were left scratching their heads. Designing profitable trading strategies is complex as stock movements are highly stochastic the market is influenced by large volumes of noisy data across.
Tesla stock initially jumped closed to 3% on the announcement, before falling by the close of trading Friday. Oct 27 (Reuters) - Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange's website showed, as billionaire Elon Musk faces a court-ordered Oct. However, now that Yaccarino has been named Twitter CEO, Tesla shares didn’t respond the way investors expected. Raising the cash for Twitter required Musk to sell off some of his Tesla stock. How the Twitter deal was financed was also a cause of anxiety for long-time Tesla investors. Investors questioned Musk’s ability to effectively lead both Tesla and Twitter, while also running rocket company SpaceX.
The reason for the decline was driven by the belief that Musk’s $44 billion purchase of Twitter was a risk to Tesla shares. Two months later, its shares reached a low of $108, losing some 52% of their value. When the Twitter deal closed on October 28, Tesla stock traded at $228.52.
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