Cetoex News – Elon Musk is all set to rebrand Twitter’s iconic blue bird logo into X. The reshaping of the social media giant could also integrate payment systems across the world. Users might be able to send and receive money through Twitter’s X, hinted the billionaire in a recent interview.

Musk is bullish on X and forecasted that the payment integration could become half of the global financial system. However, he cautioned that its success could be possible only if things fall into place as planned and are done right.

“X would become half of the global financial system,” said Musk adding, “if done right”. The tech entrepreneur did not reveal further details about the payment systems but laid it out there that Twitter could take a new turn in the financial world.

Musk has been making constant changes to Twitter after he purchased the social media giant in October last year. He brought Twitter for $44 billion and has been championing making it better in terms of user experience.

Twitter’s new CEO Linda Yaccarino tweeted that X is just getting started, indicating that there would be many more changes in events. “For years, fans and critics have pushed Twitter to dream bigger, to innovate faster, and to fulfill our great potential. X will do that and more. We’ve already started to see X take shape over the past 8 months through our rapid feature launches. But we’re just getting started,” she tweeted.

Twitter Could Turn Into A Financial System

The billionaire never shied away from experimenting with changes to the social media app in the hope of making it better. Just a few months ago, Musk changed the iconic Twitter bird into the Dogecoin logo.

DOGE spiked in price after it become the Twitter logo but dipped in the charts after it was changed back to the bird.

Therefore, Musk’s idea of turning the app into a financial system comes as no surprise, as the entrepreneur has been at the forefront of innovation.

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Cetoex News – Twitter is reportedly threatening to sue Meta over its newly introduced Threads App. The newly implemented Twitter alternative could face legal action, as Twitter has alleged the company used former employees to create a platform that contains “trade secrets and other intellectual property.”

Meta introduced the new Instagram-connected Threads application on Wednesday. Subsequently, the app is text-based and is meant as a companion product to the immensely successful Meta offering. Moreover, just hours after its release, Twitter’s lawyer, Alex Spiro, sent a letter to Mark Zuckerberg threatening legal action. 

JUST IN: Twitter threatens to sue Meta over its new app, Threads.

Twitter Could Take Lega Action Against Meta Over Threads

The arrival of Meta’s Threads application was certainly notable. The text-based application had been perceived as a potential Twitter alternative. Moreover, it maintained access to Instagram’s more than 2 billion monthly active users. However, its similarities to the Elon Musk-owned social media platform have it facing legal action. 

Indeed, Twitter is threatening to sue Meta over the arrival of its new Threads application. Specifically, Twitter’s lawyer sent a letter accusing Zuckerberg and Meta of “systematic, willful, and unlawful misappropriation of Twitter’s trade secrets and other intellectual property.”

“Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information,” Spiro wrote. Twitter reserves all rights, including, but not limited to, the right to seek both civil remedies and injunctive relief without further notice to prevent any further retention, disclosure, or use of its intellectual property by Meta.”

The claims are reportedly in connection with Meta’s hiring of former Twitter employees. At least, that seems to be the basis for the claims made in the letter obtained by Semafor. Additionally, Spiro claims Meta hired those employees “with the specific intent that they use Twitter trade secrets” in Threads development.

In response to the letter, a source has told Semafore that “No one on the Threads engineering team is a former Twitter employee.” Yet, it appears as though Meta has introduced an application that functions similarly to Twitter. Providing an alternative to users who have grown tired of the changes Twitter has undergone since Musk’s acquisition. 

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Cetoex News – Meta is working to launch a rival platform to Twitter. With the future of the blue bird social platform in question, reports of a Meta alternative began emerging in March of this year. Meta is already behind another major social media platform, Instagram. Moreover, Jim Cramer calls Instagram “a really terrific product,” while calling Twitter “Awful.”

“I say game set match Zuckerberg,” Cramer says. “Because he’s really learned his lesson. He understands that you want to be committed to the community. And Instagram is a very terrific product, and Twitter is Awful.” He adds that speaking to his daughter about using Twitter because it’s free, his daughter replied “The worst things in life are free.”

Meta’s “Threads” alternative to Twitter is reportedly finalizing development and can be made available to the public very soon. When asked if he will migrate his content to Meta Threads, Jim Cramer replied, “I’ll put some Twitter in because I’m a masochist.”

Threads appears to be very similar in terms of creating written content that can be reposted and commented on like Twitter. It will be linked directly to Instagram and will launch sometime on Thursday, according to BBC. Screenshots from bets tests of it showcase Threads as a “text-based conversation app.

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Cetoex News – Elon Musk has announced the new Twitter CEO, former NBC Universal head of advertising Linda Yaccarino. Yaccarino “will focus primarily on business operations, while I focus on product design & new technology,” Musk says in a tweet today.

Yaccarino will take over Twitter as CEO in six weeks’ time, while Musk shifts towards an Executive Chair & CTO role, overseeing product, software & sysops.

Elon Musk purchased Twitter last year, immediately becoming its Chief Executive Officer and instilling change immediately. Musk said back in November he expected to reduce his time at Twitter and eventually find a new leader to run the social media company. Now, he has found a new leader in Yaccarino.

Linda Yaccarino has yet to publicly comment on being appointed new Twitter CEO. However, she has already made waves in how she will approach cryptocurrency. She followed Shiba Inu’s official Twitter page today, a meme coin that Musk has been a fan of as well.

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Cetoex News – Elon Musk will step down as Twitter CEO in six weeks, Musk announced today. According to the current Twitter CEO, he has hired a new CEO, and she will start in six weeks.

“My role will transition to being exec chair & CTO, overseeing product, software & sysops,” Musk says in a tweet.

Musk said back in November he expected to reduce his time at Twitter and eventually find a new leader to run the social media company. Now, he has found that new leader.

Elon Musk purchased Twitter last year, becoming its Chief Executive Officer immediately and instilling change right away. His reason behind the decision remains unknown, however, it is likely to return his focus to Tesla. The identity of the new CEO has yet to be shared either. Elon Musk looks to step down as Twitter CEO towards the end of June.

We will keep you updated as more information on the new CEO is announced.

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Cetoex News – Tucker Carlson, the recently ousted Fox News correspondent and host of Tucker Carlson Tonight, has announced plans to relaunch his show, this time on Twitter. The political commentator announced the plan today on Twitter, a platform that he has publicly supported. He claims it is the only remaining large platform for free speech in the world.

In a video just over two minutes in length uploaded at 4:42 PM ET on Tuesday, Carlson details the new format of his show and hails Twitter for allowing him to have a platform for free speech.

“Speech is the fundamental pre-requisite for democracy. That’s why it was enshrined in the first of our Constitutional amendments.”Tucker Carlson, via Twitter

Carlson adds: “Amazingly, as of tonight, there are not that many platforms left that allow free speech. The last big one remaining … is Twitter, where we are now.”

Carlson did not reveal a set start date for the new show, how long it would be, or if it would be live in Twitter Spaces or in video format. He concludes by saying that he will reveal more soon, expressing his gratitude to be on the platform, and says “Free speech is the main right you have. Without it, you have no others. See you soon.”

Updates on the New Tucker Carlson Show via Twitter will come soon.

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Cetoex News – Elon Musk says Microsoft illegally trained their AI software using Twitter Data. In recent tweets, he alleges that the technology corporation has done this, ripped off Twitter’s database, and sold its Data to other parties.

This comes shortly after Microsoft dropped the social media platform from its advertising platform, refusing to pay the application’s API fees.

The API provides data on the kinds of conversations occurring on the platform, which helps researchers understand what the online world is talking about.

Elon Musk has previously shared concerns over Microsoft, in particular to the company’s access to Chat GPT technology. He has voiced his strong opinion on both Microsoft and AI technology in the past. Musk now threatens to sue the corporation outright for using Twitter Data in the training of its AI tech.

Microsoft has yet to respond to Musk’s allegations or threat to sue. Musk himself hasn’t shared further comments on pursuing the lawsuit.

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Cetoex News – Dogecoin has paved the path for the current growth of the meme coin realm. But, Dogecoin really took off when Tesla CEO Elon Musk began embracing the crypto and began tweeting about it. Since then, the price of DOGE has risen with each positive tweet from Musk.

Dogecoin rallied over 100% after the acquisition of Twitter, with people hoping that Musk would integrate it into Twitter. Musk has also not been quite as vocal about his plans to integrate Dogecoin into Twitter after the acquisition.

However, all that has changed as Twitter has changed its logo to Dogecoin. Following this, the price of DOGE has also shot up.

Twitter’s blue bird logo replaced by Dogecoin

In one of the most recent updates to Twitter, the social media behemoth has updated its blue bird logo with the Dogecoin image. It is unclear at the moment whether this is a permanent change to the Twitter logo. It could potentially also be Musk reminding the DOGE community that he hasn’t forgotten about the meme coin.

Following this change, the price of Dogecoin has shot up by 22.56%. DOGE is trading at $0.9796 at press time, with signs that the coin is moving in an upward trajectory. The market cap of DOGE has also gone up by 22.5%, according to CoinMarketCap data.

If the newly updated logo is not visible to any users, they can just go into private or incognito mode to see the updated Dogecoin logo.

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Cetoex News – Twitter had become the center of attention at the end of 2022, when Elon Musk, CEO of Tesla, purchased the popular social media site for a stunning $44 billion on October 27, 2022. As word of the acquisition spread like wildfire, many people expected substantial changes to occur under Musk’s leadership.

One of the primary changes that was implemented by Musk was doing mass layoffs. The social media behemoth fired 3,700 employees in November as a part of its cost-cutting measures.

Now, according to the latest reports from the Information, Twitter has laid off 50 employees in the eighth round of job cuts.

Is Twitter’s ongoing financial trouble a curse for employees?

The social media giant has reportedly fired employees from engineering teams, main Twitter headquarters, technical infrastructure, advertising support, and more, according to people familiar with the matter.

According to the report, the primary reason for the job cuts is a drop in revenue for the social media platform following Musk’s takeover. Following the layoffs, Twitter’s employee count dropped to 2,000.

Content moderation was one of the primary reasons that caused advertisers to back down. With the drop in revenue, Musk unveiled a Twitter Blue subscription with charges starting from $8 per month. However, Musk’s social media platform still seems to be trying to grab a hold of the dropping revenue.

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Cetoex News – Twitter has officially launched 4,000-character, long-form tweets for use of Twitter Blue subscribers only. Announced in a Tweet that showcases the new character limit, Twitter stated the new feature for subscribers is available starting today.

The 280-character limit imposed by Twitter has long been a sticking point with some users who long for a greater opportunity to share their thoughts. Now, the Twitter Blue subscription service has delivered the feature as part of its growing features list.

Twitter Blue Adds Long-Awaited Feature

Since Elon Musk’s $44 billion acquisition of the Twitter platform, generated revenue for the social media network has been a priority. In the early months, overhauling the subscription service seemed to be the most logical way to craft a new revenue stream. Conversely, the retooling of Twitter Blue was a focal point for the new regime and has now introduced a brand new update to its list of benefits.

As of today, Twitter has launched 4,000-character, long-form Tweets for Twitter Blue subscribers. The new function still contains “standard functions of Twitter,” including the ability to post pictures, use hashtags, or create a poll. However, the new service allows the utilization of up to 4,000 characters.

In a Tweet announcing the added feature, Twitter noted that long-form posts “can’t be saved as drafts or scheduled to send later.” Moreover, the Tweet will still be displayed by its first 280 characters, with a “Show More” option to allow a user to read the entire Tweet.

Conclusively, the post stated that only Twitter Blue subscribers can construct long-form Tweets, but everyone can read and interact with them. Specifically, any user can quote Tweet a longer Tweet, regardless of their subscription to Twitter Blue. The difference is the character limit employed, as replies can only be 280 characters by non-Twitter Blue subscribers.

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