Why is Elon Musk playing with Fire?

By VARINDIA - 2022-11-30

Why is Elon Musk playing with Fire?

Worlds’ richest person Elon Musk after purchasing Twitter has been making many disruptive changes to the platform. One of those changes has been revealed in a company-wide email. In his first email to employees after purchasing the business, Elon Musk forbade remote work at Twitter. It warned that the social media network requires a lot of work done in the office to turn around its fortunes. Ever since taking charge of Twitter, he has been taking way too many impulsive decisions.

 

All it seems after the fact of Facebook, Shares in Meta, which owns Facebook and Instagram, have plunged more than 20% after a downbeat set of results from the tech giant. It comes as investor doubts about Mark Zuckerberg's vision for the future growth, and revenues and profits decline. Now it is the turn of Twitter … Elon Musk told Twitter employees that he was selling his other company’s stock in order to “save Twitter.”

 

Musk’s email clearly says, we need roughly half of our revenue to be subscription. There is a new controversy over the blue checkmark subscription service. The blue checkmark, which used to indicate a user’s verified identity to combat misinformation and scam accounts, now costs $8 per month and can be given to anyone who will pay. It was in the news sometime back that some of the Twitter employees used to sell these blue ticks by taking some extra money, now the question is what is the credibility? It is unclear whether eventually users will have to show identity verification for a blue checkmark.

 

First he rolled out $8 blue checkmark verification for all and rolled it back just 2 days later due to the shocking recent increase in the number of fake accounts on the social networking platform. Musk’s decision to sell blue check marks meant that impersonators were at large. For example, an imposter with a medical giant, Eli Lilly handle name got the blue check mark.

 

Musk also brought back the official badge to some Twitter users. It can be known that Twitter’s blue check mark was used to denote a verified account and was previously mostly reserved for famous personalities like accounts of politicians, journalists, and other public figures.

 

A tweet from the imposter of Eli Lilly read “Insulin is free now” and it resulted in the company losing billions of dollars in its market cap as the shares value fell by 5%. Aerospace defence company Lockheed Martin lost several billions when a tweet from an imposter with their company name read the company would halt weapons sale to Saudi and Israel pending further investigation on their human rights record. Their shares fell by 5%. The $8 blue tick mark idea is a disaster.

 

Experts say, Elon Musk appears to be seeing it like child play with impulsive decisions that are lasting for days and even hours. Even small companies don’t do something so silly like what Musk is doing with a social media giant like Twitter.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
OITF 2023 lays stress on how the Digital  Workplace trends are getting redefined

OITF 2023 lays stress on how the Digital Workplace trends are getting redefined

Technology is an enabler. It provides the means to create and make a difference, which ult...

Hikvision showcases Problem-Solving Retail Security Solutions in National Retail Federation Show

Hikvision showcases Problem-Solving Retail Security Solutions in National Retail Federation Show

Hikvision is excited to attend the National Retail Federation’s NRF 2023 Retail Show...

Canalys Forums 2023 coming to Bangkok, Barcelona and Palm Springs

Canalys Forums 2023 coming to Bangkok, Barcelona and Palm Springs

Canalys has announced the dates and locations for its 2023 forums, with the global analyst...


Copyright varindia.com @1999-2023 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription