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The platform formerly known as Twitter has gone through some major changes since Elon Musk’s 2022 takeover. The billionaire renamed the company “X” and eradicated the blue checkmark system used to verify celebrities and public figures; now, anyone can be verified for just $8/month, causing some serious chaos in the early days as parody accounts posed as actual celebrities. For the most part, those who still use Twitter/X have become accustomed to the new features and moved on from mourning what Musk has taken from them. These days, the father of 11 owns 74% of the company , although Forbes estimates his stake “is now worth nearly 70% less than he paid for it” two years ago. This clearly indicates Musk is making less money, but what does this mean for Twitter’s net worth? New Reports Reveal Twitter’s Net Worth Is Down By Billions (Julian Christ/Unsplash) In October 2022 (after trying to back out of the deal), Musk paid $44B for X, then-known as Twitter. A company named Fidelity...
The Israeli government reportedly commissioned a campaign in 2023 that included social media accounts targeting Black U.S. lawmakers. The New York Times reported that, in October 2023, Israel’s Ministry of Diaspora Affairs paid $2 million to Stoic, a Tel Aviv, Israel-based political marketing firm, to push pro-Israel content on social media at a time when many Americans were concerned for Palestinian civilians during the war in Gaza. The outlet details that Stoic created fake accounts in support of Israel across X (formerly Twitter), Facebook, and Instagram that focused on over a dozen majority Black and Democrat U.S. lawmakers, including Representative Hakeem Jeffries of New York and U.S. Senator Raphael Warnock of Georgia. ChatGPT was mainly used to create the fake accounts’ posts, which asked for the politicians to fund Israel’s military, per the outlet. In addition to fake social media accounts, Stoic reportedly created fake websites and articles. In May 2024, NBC News reported...
Elon Musk’s acquisition of Twitter has been a rollercoaster experience. The purchase of the social media giant came with significant changes including massive layoffs and payments for the once-coveted blue check. Not to mention, AfroTech reported that one of the significant shifts with Musk as CEO was the closing of Twitter’s Africa office. The Ghana office had only 20 employees but was closed just days after officially opening. Surprising moves like the layoffs and added restrictions have been back to back as Musk navigates his power leading the company. A recent development in the shake-up is the dissolution of its corporate development team that supported minority-owned venture capital firms. According to Forbes, Twitter could be backing out of its promise of millions to venture capital firms and small businesses.
If “something ain’t adding up” was a person, it would be that of a local Uber driver. Most people familiar with the ride-sharing app know that the drivers do not receive the full amount of funds from a ride. According to the operating model, a portion of the charged fees goes to the driver and another to the company . Pretty standard, right? However, a recent situation revealed that one driver only received about 45 percent of the funds charged for what appeared to be a surged ride. via GIPHY
The aftermath of Elon Musk’s acquisition of Twitter is continuing to change the platform as we know it. As previously shared by AfroTech, the Tesla CEO’s revamp has included a mass termination of employees, getting rid of employee resource groups (ERGs), charging for the verification process, and more.
As the culture continues to grapple with the fact that the Twitter we once knew and loved may be gone, others are welcoming the changes under new CEO Elon Musk with an open mind. In fact, now that the company is allowing users to pay $8 per month to receive a blue verification checkmark, there are people that are taking things a bit too far to present Twitter users with false information. This time, someone used the elite status to cause a frenzy within the sports community by posing as LeBron James on the social media platform, Complex reports.
Black Twitter has long been an interesting place for Black people on social media. From hilarious memes to social and political commentary, Twitter has been a go-to spot for news and discourse. The protection of this space has come into question since Elon Musk officially took over the company, noting his long but documented history of alleged discriminatory actions and perspectives. Adding to this action list is Musk’s recent termination of employees from the social media giant’s Africa office. via GIPHY