The lawmaker, who has sparred with Musk in the past over the idea of a wealth tax, asked the board to answer specific questions about the alleged misappropriation of Tesla resources and conflicts of interest resulting from Musk's purchase of Twitter. Elizabeth Warren, D-Mass., wrote to the chair of Tesla's board, Robyn Denholm, expressing concern that Musk and the board may have violated legal obligations to Tesla shareholders. Musk is CEO of Tesla and SpaceX and founder of the Boring Co. He has also pulled in talent from Tesla, SpaceX and the Boring Co., including executives, engineers and attorneys, to assist him at Twitter. Musk has sold billions of dollars worth of Tesla shares this year to finance the Twitter takeover. The billionaire's management of Twitter has raised concerns about his other ventures. The "Chief Twit," as Musk has previously called himself, claims that Twitter usage has reached an all-time high since he took over, and that hate speech impressions have fallen. Musk's Twitter takeover has been rocky, as his leadership has resulted in massive staff cuts, a spike in racist hate speech, advertisers fleeing or slashing their spending on the platform, as well as the reinstatement of previously banned accounts. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Twitter generated $4.Best Debt Consolidation Loans for Bad Credit.We have collected data and statistics on Twitter. This has spooked some advertisers, which have already pulled ads off Facebook and Instagram for placing their ad units next to extremist content. Musk has also mentioned potentially un-banning all banned for life accounts, which would include ex-President Donald Trump.
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Twitter has been taken private and Musk has outlined plans to half the amount of staff at Twitter, alongside potentially reviving Vine and making the blue-tick verification available to everyone for a price. That may change with the acquisition of Twitter by Elon Musk, which closed on October 27 with Musk paying $44 billion for the social network. It recently launched Twitter Spaces, a clone of Clubhouse’s live-audio platform, although Twitter has a poor track record for supporting anything outside the base platform. Twitter is experimenting with new formats for tweets, such as donations and currency for tweets. Dorsey was also CEO at Block Inc (previously Square), which led to complaints from shareholders and even a lawsuit. This may be partly due to the management of Twitter during that period, which included founder Jack Dorsey, then founder Evan Williams, then shortly after that Dick Costolo and followed by another Jack Dorsey turn. Some have argued that Twitter mismanaged both projects, as Vine came well before Music.ly and TikTok, but was unable to capture the market which was clearly there. Twitter has branched out into other areas of innovation, such as short-video with Vine or live-video with Periscope, but both were cancelled by Twitter.
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