Twitter, Inc. announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company, a statement said. Under the terms of the agreement, Twitter stockholders…
Twitter, Inc. announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the Board, effective immediately. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman…
Microblogging platform Twitter has agreed to sell MoPub to marketing software company AppLovin Corporation, for $1.05 billion in cash. The transaction will enable Twitter to accelerate the development of owned and operated revenue products and drive growth across key areas for the service including performance-based advertising, small and medium-sized business (SMB) offerings, and commerce initiatives. Twitter believes AppLovin…
The US-based microblogging platform, Twitter Inc., has named Vinay Prakash as its resident grievance officer for India, according to the PTI report. As per the information updated on Twitter’s website, Vinay Prakash is the resident grievance officer (RGO). Users can contact him using an email ID listed on the page. “Twitter can be contacted in India at the following address:…
Twitter Inc has named Sarah Personette as chief customer officer to oversee the social media platform’s global ad sales, global content partnerships and revenue operations, according to Reuters report. Personette, who is vice president of global client solutions, will step into her new role on Aug. 1. She will replace Customers Lead Matt Derella, who will leave after nine years at Twitter.…
Twitter, Inc. announced the appointment of Mimi Alemayehou to the Company’s Board of Directors as a new independent director, effective immediately. “Mimi’s extensive experience overseeing growth in emerging markets in both the public and private sectors will be invaluable as we advance Twitter’s mission to serve the public conversation across the world,” said Patrick Pichette, independent chair of…
Twitter has elevated Maya Hari as its new Vice President of Global Strategy and Operations. Recently, the company appointed Yu Sasamoto as Vice President for Japan, South Korea and Asia Pacific (JAPAC) region from May 1. “I’m looking forward to bringing more people, communities, brands and partners to Twitter as we build on the incredible…
Social networking platform, Twitter Inc. has hired Uber Technologies Inc.’s Apurva Dalal as Director of Engineering, according to ET report. “Apurva will become the seniormost member of Twitter’s engineering team in India based in Bengaluru and will be responsible for strengthening the company’s engineering capacity and offerings for local and global audiences,” Twitter said in…
Social media platform based on regional language – ShareChat has raised $502 million at a $2.1 billion valuation from Tiger Global, Lightspeed, Twitter, Snap and other investors. “Excited to share that we have raised $502mn at $2.1bn valuation from Tiger Global, Lightspeed, Snap, Twitter and others. This capital will help us accelerate our journey of…
Ahead of International Women’s Day, Twitter commissioned independent research to uncover insights around what women in India are talking about on the service. A quantitative survey amongst 700 women on Twitter was carried out, along with the qualitative curation and analysis of 522,992 Tweets sent out by female Twitter accounts between January 2019 and February…
Twitter acquired newsletter startup Revue in a bid to build additional revenue streams through subscription products. Financial terms of the deal weren’t disclosed. Twitter said the service would bring subscription revenue to writers on the platform through paid newsletters. “Revue will accelerate our work to help people stay informed about their interests while giving all…
Twitter has appointed Peiter Zatko, widely known by his hacker handle Mudge, as head of security. Zatko will report to CEO Jack Dorsey. Zatko is considered one of the world’s best-regarded hackers to tackle everything from engineering missteps to misinformation. According to Reuters, Zatko said he will examine “information security, site integrity, physical security, platform…
Social networking platform Twitter announced that it has appointed Rinki Sethi as its new Chief Information Security officer. In her previous stint at IBM, Sethi served as information security executive. Sethi had previously worked as the vice president of information security at cyber-security firm Palo Alto, according to her LinkedIn profile. Earlier in July, Twitter…
The death of an unarmed black man George Floyd in police custody in Minneapolis, U.S last month has once again sparked a debate on how racial discrimination still prevails in our society. The death of Floyd has started a row of protests across the United States and people have now taken to the streets demanding…
The death of an unarmed man of colour in police custody in Minneapolis, U.S last week have sparked a row of protests across the country. The alleged killing of George Floyd by four Minneapolis police officers have once again highlighted the racial inequality in the United States and people have now taken to the streets…