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Tweetbot vs twitterrific for mac3/22/2023 On Thursday evening, Twitter suspended without warning access to part of their API. Technology equity analyst Dan Ives at Wedbush Securities said that Twitter was worth closer to $15bn today than the $44bn Musk paid for it. “It is more likely would ask Twitter’s creditors for a forbearance and try and work something out,” said one restructuring banker. Instead, his options include cutting a new deal with lenders, such as a debt-for-equity exchange at a discount to the debt’s face value, or finding alternative ways to fund its interest payments as he plays for time to turn around the business. Bankers and experts observing the deal said Musk was unlikely to file for bankruptcy, which would risk him losing control of the business. If Twitter were to default on its debt, it could declare bankruptcy, however the newspaper says that this probably won't happen. The payments relate to the $13 billion of debt that Elon Musk used to fund his purchase of the platform. The Financial Times reports that Twitter's first installment of $1.5 billion annual interest payments could be payable as soon as the end of January. Since the acquisition, the company’s only actions have been to silence critics of Elon, to expose journalists and others to harm, and to violate basic ethical standards and privacy laws.” The article also quotes a former Twitter executive saying “Twitter’s policies and practices in the trust and safety space were built around defending the rights of users around the world, especially the most vulnerable and marginalized communities. "In Twitter’s internal system, a note read, 'Suspension: direct request from Elon Musk,' according to a screenshot viewed by Bloomberg." The piece describes the dissolution of a group that previously provided a check on executive overreach, also confirms that the account run by antifascist activist Chad Loder, which was banned from the platform in November, was suspended by the CEO himself. “I think we’re past the point of believing that he actually wants what’s best for everyone here.”īloomberg reports that several essential processes and checks on power at Twitter have been removed by Elon Musk's new Head of Trust and Safety Emma Irwin. “He bought the company, made a point of showcasing what he believed was broken and manipulated under previous management, then turns around and manipulates the platform to force engagement on all users to hear only his voice,” said a current employee. The algorithm now artificially boosted Musk’s tweets by a factor of 1,000 – a constant score that ensured his tweets rank higher than anyone else’s in the feed. By Monday afternoon, “the problem” had been “fixed.” Twitter deployed code to automatically “greenlight” all of Musk’s tweets, meaning his tweets will bypass Twitter’s filters designed to show people the best content possible. Platformer yesterday revealed that the reason was that "after Musk threatened to fire his remaining engineers, they built a system designed to ensure that Musk - and Musk alone - benefits from previously unheard-of promotion of his tweets to the entire user base."Īccording to the report, this was the result of an emergency call at 2.36am for all Twitter engineers available to help with an issue of "high urgency" – the issue being that President Biden's tweet about the Super Bowl had received more impressions than Elon Musk's tweet in support of the Philadelphia Eagles. The Verge reported on Monday that "For many of us, Twitter’s 'For You' is full of tweets and replies to tweets from Elon Musk."
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