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Musk to Quit Twitter Role Once Replacement is Found 

December 21, 2022

Elon Musk has announced he will abide by the results of a Twitter poll he posted and resign from his position as CEO of the social media company, but only when he…

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Meta Oversight Board Criticizes Company Over VIP Moderation Treatment

December 6, 2022

Meta, the parent company of Facebook, has been recommended by its own Oversight Board that its system of applying different moderation rules to VIP users risks harming everyday users.  A nearly-50-page advisory…

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Twitter Closes Offices Following Musk Ultimatum 

November 18, 2022

Twitter has closed its offices until next week, amid reports that hundreds of employees have resigned following an ultimatum by new owner Elon Musk.  Employees at the company were told offices would…

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Meta Cuts 11,000 Workers as Revenue Plummets

November 9, 2022

Facebook’s parent company Meta is to cut 11,000 jobs following a catastrophic drop in revenue.  The company’s CEO Mark Zuckerberg said in a note to staff that Meta had become overstaffed and…

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TikTok Reveals Staff in China Get Access to European Users’ Data 

November 3, 2022

The Chinese social video app TikTok has confirmed that some of its employees in China are able to access the data of accounts in the European Union. The company will update its…

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Four Immediate Challenges Musk Faces at Twitter 

November 1, 2022

Elon Musk completed his deal to buy the social media giant Twitter last week, and has already begun implementing changes. The billionaire has installed himself as CEO, dismantled the company’s board of…

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Musk Plans to Cut 75% of Twitter Workforce if Deal Completed — Report 

October 21, 2022

Elon Musk plans to cut the workforce of Twitter by 75% if he finalizes his deal to buy the company, according to a report from the Washington Post.  Twitter has already announced…

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Judge Says Twitter v Musk Trial On Schedule Despite Deal U-Turn 

October 6, 2022

Kathleen McCormick, the judge overseeing the Twitter v Elon Musk trial, says the case is still set to go ahead later this month, despite Musk’s apparent willingness to now complete his deal…

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Meta Reportedly Looking to Cut Costs by 10% 

September 22, 2022

Meta, the parent company of Facebook, is looking to cut costs by 10% or more over the coming months, according to a report by the Wall Street Journal.  As part of those…

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YouTube’s ‘Not Interested’ Button Barely Works – Report 

September 20, 2022

YouTube’s “not interested” and “dislike” buttons barely work, according to a new study by Mozilla.  When users tell the video platform they don’t want to watch certain videos using the buttons, they…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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