Musk to Address Twitter All-Hands Meeting

admin June 18, 2022

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Twitter Employees Meet a (Potential) New Boss

Elon Musk, who will become the owner of Twitter today (maybe?), Said, “Tweep, “As Twitter employees are known. He said the company’s $ 44 billion acquisition, announced in April, continues to move forward despite the manual masking of bots, which many analysts interpret as an effort to get out of the deal. Attend a virtual all-hands meeting. That price tag.

It’s been a long time since the meeting. mask I was supposed to get a question from an employee After Twitter appointed him to the board in April, his appearance was abandoned as he changed his mind and tried to buy the company instead. Having a Q. and A. session now after announcing a transaction to buy Twitter is a standard part of the M & A playbook, but this transaction is far from normal. The plunge in tech stocks, including Tesla’s stock, which is the main source of Mask’s wealth, is consistent with what appears to be some hesitation on the part of Mask, and his irregular trading-related tweets. The surge has confused advisors, investors and employees.

Is this on? This month, Musk concludes a series of complaints about Twitter bot numbers by accusing the company of blocking efforts to obtain more information on how to calculate the number of fake and spam accounts. handle. A few days later, Twitter agreed to allow Musk access to “fire hose,” a stream of millions of tweets. Despite public opinion, advisors continue to strive to complete the transaction, which is expected to be completed by October 24, subject to regulatory approval by then.

What can Twitter employees ask about? Mask’s plan for remote work policy is his disgust and Twitter preferences. His freewheeling approach to content moderation. Whether to move Twitter’s headquarters to Texas, like Tesla. Who will be the next CEO of Twitter? And his thoughts on layoffs, given that he showed that he wanted the company to dismiss hundreds of workers.They may also have questions about Insider Report Regarding the resolution of allegations of sexual illegal activity.

What does DealBook want to know?

Do you regret agreeing to pay Twitter $ 44 billion, given that shares in other tech companies like Snap have fallen by more than 50% since the deal was announced?
It was Jack Dorsey Put you on a twitter deal??
Will the January 6 hearing, which focuses on the impact of false information, change your view on whether to return Donald Trump to the platform?
your Newly raised support Do Republicans influence the way you run Twitter?
After selling about $ 4 billion of Tesla shares, perhaps to fund the acquisition of Twitter, you said:more than thisIs planning to sell.Now you I chose not to borrow from Tesla shares Do you need to sell more stock to fund the transaction?

Will this session convince investors that the mask is serious? Investors are wondering if Musk will bring the deal to the finish line, so Twitter continues to trade well below Musk’s acquisition price of $ 54.20. If he tries to wiggle, there’s a $ 1 billion dissolution fee and a clause that gives Twitter the right to sue him to close him if his money is intact. Indeed, a Twitter lawyer who is ready to take the mask to court if needed will take diligent notes.

What’s happening

US stock index futures have fallen by more than 2%. The world market plummeted this morning, the day after the Federal Reserve raised the largest rate since 1994. This indicates that they are ready to inflict financial pain to lower prices. The Fed’s chair, Jay Powell, suggested that a similar scale of movement could follow next month following the rate hike.

Russia continues to look for oil buyers despite sanctions. According to the International Energy Agency, Russia’s oil production last month remained at a lower level than it was before the war, but it was on an upward trend, supported by purchases from India. Authorities estimate that Russia earned $ 20 billion from oil sales in May, an increase of $ 1.7 billion from April.

The FDA recommends two coronavirus vaccines for infants, toddlers, and preschoolers. The agency appears ready to approve the Moderna vaccine for children under the age of 6 and the Pfizer vaccine for children under the age of 5 as soon as Friday. The state has already ordered millions of doses, and White House officials say the shot could be rolled out as early as next week.

Abbott Laboratories has suspended production at its milk powder plant in Michigan. Thunderstorms caused floods in parts of the plant. This is another obstacle for Abbott. Aiming to increase production to alleviate the national shortage of infant formula.. Abbott said it has stopped producing EleCare formula because the factory has been cleaned up.

“Evolution” to protect the SEC’s climate

A bipartisan group of 18 former SEC executives and statutory celebrities supports the power of a rule-making body that requires businesses to disclose more information about climate impacts and risks. .. The group includes leading legal experts such as Harvey Pitt, former SEC Chairman appointed by George W. Bush, Mary Shapiro appointed by Barack Obama, and Leostrin Jr., former Chief Justice of the Delaware Supreme Court. It is included. Lucian Bebchuk, a professor of corporate law at Harvard.

In a letter to the SEC today, shared exclusively with DealBook, the group ignores the claim that climate is a new issue and currently requires explicit permission from Congress to address it. Is urging institutions to point out the history of SEC rules. At least until the Nixon administration. “

Environmental disclosure was not always controversial. The SEC received little backlash when it first mandated environmental disclosure in 1971, the signer of the letter wrote. In 2010, there was policy opposition to climate-related guidance, but “sophisticated counsel did not claim that the SEC lacked authority,” they write.

Nonetheless, the agency’s current proposal has generated a great deal of backlash. March, North Carolina Representative Patrick McHenry, Top Republican of the House Financial Services Commission, and Jay Clayton, SEC Chair under Donald Trump, Called the SEC’s proposal He said it was “overkill” and that Congress had the power to mandate new rules on major political and economic issues.

The Supreme Court has decided on important environmental policy cases. The court will soon rule in a case that challenges the Environmental Protection Agency’s authority to regulate carbon emissions. Broad meaning For the power of the agency and the goals of the Biden administration’s climate policy. If the court decides against the EPA, claiming that the SEC is currently overkill can be traction.

The signer disagrees with the policy. However, Stanford University’s Satyamu Kanna said he rejected all claims that the institution was incapable of responding to the climate. fellow Who was the SEC’s Senior Climate Policy Advisor? “Democrats and Republicans likewise know that the SEC’s recent activities in this area are evolution, not revolution,” he said.

“Whenever I think about work, I stop thinking about what’s happening in Odesa.”

— An employee of the Lithuanian company Nordcurrent Ukrainian Information Technology Diaspora.. After the Russian invasion, many technical workers migrated to other parts of Europe.

Ambiguous religious groups and proceedings against Google

Former Google video producers claim to have been fired after complaining that a religious group called the Fellowship of Friends has built a foothold within Google’s business unit, Times Cade Mets and Daisuke Wakabayashi write. ing. Even in the context of Google’s bohemian office culture, stories are rare.

Twelve members of the group and close relatives worked at Google Developer Studio. According to a lawsuit filed by producer Kevin Lloyd, he is producing a video showing the company’s technology. Many other fellowship members staffed company events, worked at registration desks, took pictures, played music, provided massages, and provided wine.

Lloyd says he lost his job because he complained about the influence of the organization. His lawsuit filed in August accuses Google and the Advanced Systems Group (ASG) of violating California law that protects workers from discrimination. ASG denied the accusation and said Google would investigate the accusation.

Fellowships believe that embracing art can achieve a higher level of consciousness. Founded in 1970 by a former school teacher, the group describes it as an organization “available to anyone interested in pursuing the spiritual work of awakening.” It usually claims 1,500 members who are required to give an organization 10 percent of their monthly income.

Google Units are run by longtime members of the Fellowship, Peter Rubels. The team’s leadership has abused the hiring system to hire workers as contractors, said Eric Johansen, senior video producer who has worked for the unit through ASG since 2015. “They were able to hire people with a much more rigorous onboarding process, with much less scrutiny than if they were brought in as full-time employees, so they themselves very quickly. I was able to promote my purpose, “said Johansen.