He is believed to be firing many of the company's employees after the transfer of ownership, which will take about six months, Musk himself said this week to investors.
But in return, the controversial Tesla boss is expected to hire thousands of new employees within the next three years, which could lead to an inflation of about 11,000 employees, up from 7,500 currently, according to the New York Times.
It is also likely to include a batch of these newly appointed, a lot of new talent in engineering.
In addition, the company's numbers will fluctuate, reaching 9,225 employees this year before dropping to 8,332 in 2023. Then, adding another 2,700 workers by 2025.
Most of the jobs suspended will occur during the acquisition period.
Parag Agrawal, who was appointed CEO of Twitter last November, is expected to remain in his position until the sale is completed.
Musk had previously floated the idea of closing the headquarters in San Francisco to save money, and board members might also not get paid, cutting another $3 million from expenses.
Increase Twitter Revenue
It is noteworthy that the changes previously talked about by the American billionaire and the world's wealthiest people are part of his plan to increase Twitter's annual revenue by five times current levels to 26.4 billion dollars by 2028, up from 5 billion dollars last year.
Since last month, the new owner of the bluebird has been talking about a set of changes that he will make to the famous platform, including the ability to edit tweets, support freedom of expression, and add other additional elements, improving its services!
Whether you realize it or not, social media can affect your health. A new study indicates that quitting social networking sites for only one week may lead to a significant improvement in health and a reduction in anxiety and depression.
A team of researchers at the University of Bath in the United Kingdom studied the mental health effects of stopping for a week using social media. Some study participants saved nearly nine hours of their week, which they would have spent scrolling on Instagram, Facebook, Twitter and TikTok, according to Medical Xpress.
The results, published in the American Journal of Cyber Psychology, Behavior and Social Networking, indicated that just one week away from social media improved individuals' overall well-being and reduced symptoms of depression and anxiety.
The researchers randomly assigned 154 individuals between the ages of 18 and 72 who used social media daily to either an intervention group where they were asked to stop using all social media for one week or a control group, where they could continue to scroll as usual. At the start of the study, baseline scores for anxiety, depression, and well-being were taken.
The participants reported that they spent an average of 8 hours per week on social media at the beginning of the study. After one week, participants who were asked to take a one-week break had significantly better improvements in well-being and reduced symptoms of depression and anxiety than those who continued to use social media, indicating a short-term benefit.
Participants were also asked to take a one-week break and reported using social media for an average of 21 minutes compared to 7 hours for those in the control group. Screenshot statistics were provided to check individuals' adherence to the break.
Rising concerns
'Scrolling is so ubiquitous that many of us do it almost without thinking from the moment we wake up until we close our eyes at night,' said Jeff Lambert, principal investigator from Bath's Department of Health.
'We know that social media use is huge and there are growing concerns about its effects on mental health. So, with this study, we wanted to see if asking people to take a week off can have mental health benefits,' Lambert said, adding, 'Many of our participants reported positive effects from social distancing with improved mood and less anxiety overall, which suggests that even a small break can have an effect.'
In addition, the team now wants to build on the study to see if taking a short break can help different population groups, for example, young people or people with physical and mental health conditions.
It also aims to follow people for longer than one week to see if the benefits will last over time.
Common Problem
According to the researchers, feelings of 'weakness.' and a loss of pleasure are hallmarks of depression. At the same time, anxiety is characterized by excessive worrying and being out of control. Well-being refers to an individual's level of positive influence, life satisfaction, and a sense of purpose.
It is noteworthy that according to Mind in the United Kingdom, one in six people suffers from a common mental health problem such as anxiety and depression in any given week.
US billionaire Bill Gates, said on Wednesday that it is unclear whether the acquisition of Twitter by rival Elon Musk, through a $44 billion deal, will lead to positive change, saying that it may in fact exacerbate the application's problems when It's about misinformation.
Gates, who recently suffered a barrage of taunts from Musk on Twitter after it was revealed he was selling Tesla shares, put his weight on the deal during a CEO Board summit hosted by the Wall Street Journal.
"He can actually make it worse," Gates said. "That's not his track record, his track record with Tesla and SpaceX is absolutely amazing by having a great team of engineers and really taking people who have worked in those areas and showing them."
Gates added: "I doubt this will happen this time, but we must have an open mind and not underestimate Elon ... What is his goal? He talks about freedom of expression, how does he feel about those who say 'vaccines kill people' or 'Bill Gates' caused the Covid19 pandemic, "Is this one of the things he thinks should be posted?
Critics of the Tesla CEO have pointed to his often-confrontational Twitter presence as evidence that he will allow more offensive and harmful content to circulate on the platform.
Gates previously expressed his "astonishment" about the conspiracy theories about him, circulating on social media during the Corona pandemic.
A recent text exchange between tech billionaires revealed that Musk attacked Gates over a $500 million share sale in Tesla, and bet the stock would drop.
"Sorry, but I can't take your philanthropy on climate change seriously when you have a short-term view against Tesla, the company that is doing everything it can to solve climate change," Musk wrote.
Later, Musk mocked Gates in a tweet comparing the image of the Microsoft co-founder to a pregnant man emoji.
When asked about the tweets, Gates downplayed the controversy and told the event host it "doesn't bother him".
"I don't think whether one invests short or long in Tesla is a statement about being serious about climate change," he added.
"I'm putting billions of dollars into climate change innovation," he said. "I applaud Tesla's role in helping tackle climate change," Gates explained. "I have nothing but positive things to say about Elon. If it makes Twitter worse, well, I'll talk about it, but I won't assume that's what's going to happen."
The firm considered that the weak market which have weighed on consumption, and the lack of product upgrades was due to continued resurgences of COVID-19.
The IDC announced that if the market continues to see an absence of a fresh stimulus, Chinese smartphone market will face a downside risk of shipping fewer than 300 million smartphones for the whole of 2022.
Domestic smartphone maker Oppo took the lead with a market shipment of 13.7 million units in the January-March period, taking up 18.5 percent of the market share, while Honor followed with 13.5 million units. Vivo came in third with 17.9 percent of the market in the period, the data showed.
According to IDC, Apple which was China's top-selling vendor in the previous quarter, was the fourth-largest seller in the first three months with the shipment reaching 12.4 million units, claiming 16.7 percent of the market.
Speculation was led by the sale, that it will help Musk to finance his planned $44 billion buyout of the social media platform.
On Monday, Twitter's board agreed to accept a takeover offer from Mr. Musk.
Amid speculation that Mr. Musk would sell part of his stake in the carmaker to fund the deal, made the shares in Tesla fell sharply earlier this week.
He tweeted on Thursday evening that he had no plans to sell any more of his shares in the electric carmaker.
Filings to the US Securities and Exchange Commission showed that Musk sold a total of 9.6 million Tesla shares this week. The multi-billionaire still owns more than 15% of the company.
Scammers use instant communication applications widely to steal users' information or money due to their widespread use.
To further mislead, the scammers use the account picture that includes the "WhatsApp" logo, which appears to be official and authenticated.
But there is an easy way to make sure that the account is real or not, which is a green verification mark located below the account picture and not inside it, and this mark cannot be obtained by fraudsters.
If any message arrives from an account with an authentication mark inside its image, the message coming from it must be deleted immediately.
The scammers seek to know the account's 6-digit passcode to access the account or the user's bank account numbers to avoid blocking the account.
WhatsApp never asks for any users' credit card information or any other information such as a passcode for services on the application, and if anyone wants to get this information, it means that they are trying to deceive you.
Commenting on the acquisition of Twitter by the American billionaire Elon Musk, Twitter founder and former CEO Jack Dorsey said that Elon Musk "is the only solution I trust to restore Twitter as it was.. I am confident that his mission is to extend the light of awareness."
He added in a series of tweets on his Twitter account: "I love Twitter... Twitter is the closest thing we have to global awareness."
On Monday, Elon Musk won an agreement to buy Twitter for $44 billion in a deal that will turn control of the platform, used by millions of global leaders, into the hands of the world's richest person.
It is noteworthy that after Dorsey stepped down from the presidency of "Twitter" in November 2021, he continued on the company's board of directors.
"Idea and service are all I care about, and I'll do whatever it takes to protect them. Twitter as a company has always been my only problem and my regret. It was owned by Wall Street. Getting it back from Wall Street...is the right first step."
Dorsey said, "In principle, I don't think anyone should own or run Twitter. It is the extension of the light of consciousness. It has to be a public good, not a company... Elon Musk is the only solution I can trust to get Twitter back to how it was... I'm confident that his mission."
He added that Elon Musk's goal is to create an "ultimately reliable and broadly inclusive" platform, describing it as "the right goal... this is the right path... I think so with all my heart."
Dorsey expressed his delight, saying, "I am very happy that Twitter will continue to serve public conversations around the world."
After nearly nine years of trading, the agreement ended Twitter's career as a public company since its initial public offering in 2013.
Twitter shares rose about 6% following the news of the agreement, while Tesla's shares fell after Musk's deal to buy Twitter.
Musk argued that Twitter needed to be private to grow into a genuine platform for freedom of expression.
The deal comes just four days after Musk unveiled a funding package to support the takeover, which led Twitter's board of directors to take the deal more seriously and prompted several shareholders to ask the company not to let the opportunity slip, Reuters reported on Sunday.
In a tweet on Friday, the Tesla CEO admitted that he asked Gates "if he is short selling shares of the electric car maker. When investors sell shares, they are betting that the price of the asset will fall."
"I heard from several people that Gates still has half a billion dollars worth of Tesla stock, which is why I asked him, so it's not so secret," Musk said in a tweet.
Elon Musk was responding to a question from one of his Twitter followers about whether the leaked image of a supposed text conversation with Gates was actual.
The Tesla boss said yes, but I didn't leak it to the New York Times. They must have gotten it through friends of friends."
In the circulating picture, which cannot be independently verified, Musk asked Gates: "Do you still have a short position of half a billion dollars in Tesla?"
Gates replied, "I'm sorry I didn't close it. I'd like to discuss the possibilities for philanthropy."
"Sorry, I can't take your philanthropy seriously when you have a massive short position against Tesla, the company that is doing everything it can to contribute to solving climate change," Musk replied.
A spokesman for Bill Gates was not immediately available for comment when contacted by the American network "CNBC", according to a report seen by Kurdsat English.
"It's important to say that what Elon did with Tesla is one of the greatest contributions to the fight against climate change ever," Gates told New York Times opinion writer Kara Swisher last year.
But he added that what Tesla did were "easy things, like passenger cars". Gates stressed the need to make a greater impact on climate change by tackling other industries.
"We basically don't do enough things with regard to steel, cement and meat," he said at the time. "Unfortunately, the things people think about - electricity, passenger cars - are one-third of the problem. So we have to work on two-thirds."
This is not the first time that the two men have publicly disagreed.
When Gates revealed in 2020 that he had bought himself an all-electric Porsche Taycan, one Twitter user asked, "I wonder why Bill Gates decided to go with the Taycan instead of the Tesla."
"My conversations with Gates have been confusing," Musk replied in a tweet.
The source explained that the catalog includes weapons in the fields of optical and infrared waves. These abilities are built thanks to the algorithms of a network of artificial nerve cells that will read Nato technology.
The Russian armed forces currently receive large quantities of all types of drones, including lightweight drones such as "Orlan," "Tachyon," and "Eleron," tactical drones such as "Forpost," medium-altitude drones such as "Inokhodets," and heavy drones such as "Altius." "Inokhodets-RU," and jet-powered drones like "The Hunter."
The six missions are :
In May, the Tianzhou 4 cargo craft will be launched.
In June, three astronauts on the Shenzhou XIV mission will be launched to the Tiangong station and stay there six months.
In July, the Wentian space lab, or Quest for the Heavens, will be launched.
In October, the Mengtian space lab, or Dreaming of the Heavens, will be launched.
Soon after, the Tianzhou 5 cargo craft and Shenzhou XV crew will arrive at the station.
The US has linked North Korea-backed hackers to a massive cryptocurrency heist worth $615m from the popular online game Axie Infinity players.
In the game, players can earn crypto by trading their avatars besides playing the game. US officials declared that they had linked the breach to a group called "Lazarus", which is believed to be controlled by North Korea's primary intelligence bureau.
The federal bureau of investigations stated that they managed to confirm that Lazarus Group and APT38, cyber actors associated with North Korea, are responsible for the theft through their investigations.
Lazarus Group gained notoriety in 2014 after being accused of hacking into Sony Pictures and publicly leaking confidential data.
Elon Musk, chief executive officer of Tesla Inc and SpaceX, offered to buy Twitter, saying it needed to be "transformed as a private company."
Twitter Inc. adopted a measure that would protect it from hostile acquisition bids in an attempt to thwart billionaire Elon Musk's unwelcome offer to take the company private and make it a bastion of free speech.
The board set up a shareholder rights plan, exercisable if a party acquires 15% of the stock without prior approval, lasting for one year only. The plan seeks to ensure that anyone taking control of Twitter through open market accumulation pays all shareholders an appropriate control premium, according to a statement on Friday.
According to a person familiar with the matter, Twitter enacted the plan to buy time. However, the board wants to be able to analyze any deal and may still accept it.
"The Rights Plan does not prevent the Board from engaging with parties or accepting an acquisition proposal if the Board believes that it is in the best interests of Twitter and its shareholders," the company said.
On Thursday, the Tesla Inc. chief executive officer offered $54.20 a share in cash for Twitter, valuing the social media company at $43 billion. Musk, who said it was his "best and final" offer, had already accrued a stake of more than 9% in Twitter since earlier this year.
Twitter's board met Thursday to review Musk's proposal to determine if it was in the best interest of the company and all of its shareholders.
A poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively weakening the ownership interest of any one party. Poison pills are common among companies under fire from activist investors or in hostile takeover situations.
Under Twitter's plan, each right will entitle its holder to purchase additional shares of common stock with a then-current market value of twice the exercise price of the right at the then-current exercise price.