The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Jack Dorsey has left the board of Twitter. Dorsey resigned from his CEO position last fall. He is friendly with Elon Musk and has discussed rolling over his 2.4% ownership stake in Twitter into Musk’s takeover deal. Dorsey’s next move remains unclear.
Continue reading Former CEO Jack Dorsey has Left the Board of Twitter
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Ridgewood NJ, Twitter’s consumer product leader Kayvon Beykpour and general manager of revenue Bruce Falck have been asked to leave the company. Jay Sullivan will take over as both the head of product and interim head of revenue. Twitter had goals to deliver big growth in audience and revenue but it did not hit its milestones. The company is also pausing most hiring and backfills except for business-critical roles. It will pull back on non-labor costs to ensure it is being responsible and efficient.
Continue reading Twitter Shake Up Begins , CEO Pushes Out Top Execs, Freezes Hiring
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Ridgewood NJ, Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The stock closed up 5.64% for the day after it was halted for the news.
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Ridgewood NJ, Elon Musk has laid out how he will fund the $46.5 billion purchase of Twitter. Musk will receive loans from Morgan Stanley worth $25.5 billion and cover the remaining $21 billion with his own funds. While Musk is the richest person on the planet, most of his net worth is tied up in Tesla stock. Twitter has not formally responded to Musk’s offer, but the company’s board of directors has approved measures to block the hostile takeover.
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Ridgewood NJ, Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately. Twitter shares jumped 12% in premarket trading after closing at $45.85 a share on Wednesday.
Continue reading Elon Musk Offers to Buy Twitter for $54.20 a Share
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Ridgewood NJ, as if the massive raise in auto theft is not enough a radical environmental group, is targeting towns like Ridgewood . The group drew heckles on Twitter after encouraging people to let the tires out of SUVs in an apparent bid to combat climate change. The group, Adbusters, offered step-by-step instructions for the provocation on Wednesday, calling it a “gentle escalation” or ramping up the urgency about climate change.
Continue reading Radical Environmental Group is Targeting SUV’s in Towns like Ridgewood
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Ridgewood NJ, Elon Musk made a series of tweets on Saturday night, raising questions about the Twitter platform and the future of the company. He noted that the most popular accounts on Twitter are not very active and that bots were skewing Twitter’s active user numbers. Musk suggested that Twitter Blue subscribers should get an authentication checkmark and be excluded from seeing ads. He also suggested that Twitter’s home base be converted to a homeless shelter.
Continue reading UPDATE: Elon Musk Raises More Questions About a Big Shake-Up at Twitter
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Ridgewood NJ, Elon Musk has purchased a 9% stake in Twitter. Musk raised questions on whether the platform was undermining democracy and restricting free speech in recent weeks. He had considered starting a rival social media network. US security regulators have fined Musk for his tweets in the past. Musk is still facing heavy pressure from the SEC over his tweets.
Continue reading Elon Musk just became Twitter’s largest shareholder with a 9% Stake
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Ridgewood NJ, Jack Dorsey’s Square will become Block from December 10 as it expands beyond its original credit card business and starts focusing on blockchain technology. The company remains focused on building tools to help increase access to the economy. It will still trade under the ticker SQ on the NASDAQ. Square Crypto, a part of the company dedicated to advancing crypto, will change its name to Spiral. Jack Dorsey, Square’s CEO, recently stepped down from his other job as Twitter CEO to have more time to dedicate to Square’s growing portfolio.
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Ridgewood NJ, Parag Agrawal is taking over Twitter as CEO. Agrawal has been with the company for over a decade. One of his biggest projects with the company has been the decentralized Bluesky platform, which has picked up steam in the past few months. His years of experience with the company and work in helping modernize Twitter’s tech stack makes him an interesting choice for CEO.
Continue reading Twitter’s New Chief Executive is Parag Agrawal
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Ridgewood NJ, CNBC reported this morning that Twitter CEO Jack Dorsey is expected to step down from his role at the social media company. Dorsey is the CEO of both Twitter and Square, a financial company that serves both consumer and corporate customers with payment, cash management and transference services.
Continue reading Twitter CEO Jack Dorsey is expected to step down
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Ridgewood NJ, what is Godwin’s law, Godwin’s Law asserts that the probability of Hitler or Nazi references in conversation grows according to the length of a dialogue or debate. This sort of social rule theory can be part of an analysis of new technology venues for discussion, such as messaging platforms, forums and other digital spaces.
Continue reading Local Keyboard Warriors Consistently Echo Godwin’s Law
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Trenton NJ, Chairman Hugin Blasts Twitter Over Suspension of Senator O’Scanlon’s Account , “Today, New Jersey Republican State Committee Chairman Bob Hugin released the following statement on the heels of Twitter’s decision to suspend Senator Declan O’Scanlon’s Twitter account, after he posted a tweet speaking out against mandatory vaccine passports.”
Continue reading NJ GOP Finally Speaking Out Over Big Tech Censorship
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Wyckoff NJ, legacy media outfits have failed to mention a stunning opening victory that guerrilla the Bergen filmmaker James O’Keefe won last month in his libel suit against the New York Times.
Continue reading Bergen’s James O’Keefe Takes Down the New York Times and CNN
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Ridgewood NJ, the backlash on social media censoring continues with several European Governments now calling for regulating “the digital oligarchy” and asserting that Big Tech is a threat to democracy.
