Elon Musk

According to rumours, the entrepreneur is on the verge of surpassing $300 billion in net worth, making him the first individual to do so. His current net worth is $292 billion.

Twitter co-founder Jack Dorsey said in a blog post on Tuesday that he will give a grant of $1 million per year to encrypted messaging app Signal. Social media should not be "owned by a single company or group of companies," and needs to be "resilient to corporate and government influence", Dorsey added.

In stark contrast to the previous two years, billionaires such as Elon Musk and Mark Zuckerberg witnessed significant losses in their fortune during the first half of 2022.According to Bloomberg, the world's 500 wealthiest people lost $1.4 trillion in the first half of 2022. According to the research, this is the steepest six-month reduction in the global billionaires category ever.

Elon Musk, currently the sole director and CEO of Twitter, has authorised employees from his other companies to work at the social media giant, a report said. These include 50 employees from Tesla, mostly from the Autopilot team, two from the Boring Company and one from Neuralink.

Twitter has suspended the accounts of Donie O'Sullivan from CNN, Drew Harwell from the Washington Post, Ryan Mac from The New York Times, and Aaron Rupar from The Independent. All the suspended reporters have in recent months written about Twitter's owner, billionaire Elon Musk, and changes at the platform since he bought it.

Meta CEO Mark Zuckerberg took to Twitter for the first time in more than ten years just hours after launching Threads, Meta's alternative to Twitter. In a playful jab at Elon Musk, the owner of Twitter, Zuckerberg shared a meme featuring the iconic Spider-Man facing off.

Meta CEO believes that he was more thoughtful and handled the layoffs much better than Musk. Zuckerberg said the same during a recent company town hall meeting last week. The Meta CEO said that Musk didn’t had the time to plan the layoffs as thoughtfully as Meta.

Following Elon Musk’s Twitter is Mark Zuckerberg’s Meta which is set to layoffs some of its employees. It is also said that during the meeting Zuckerberg took the entire blame and said that he is accountable for the company’s missteps.

After facing criticism for his plan to charge Twitter users USD 8 a month to get or keep a verified account, Tesla CEO Elon Musk comes up with a cryptic tweet that one gets what one pays for.

Fans of the social media company have a chance to get their hands on them in a fire sale of items from its San Francisco headquarters starting Tuesday. The 27-hour online auction, organised by Heritage Global Partners Inc., is the latest sign of upheaval at the company, which billionaire Elon Musk acquired for $44 billion last year.