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Jack Dorsey announces regrets over Twitter’s Rapid Growth

by Radarr Africa
written by Radarr Africa

Former Twitter CEO Jack Dorsey said he regrets growing the company too quickly as the social media platform downsizes following its recent sale to Elon Musk. 

Musk on Thursday and Friday slashed over half the staff, affecting almost every team at the company. The cuts, expected to involve about 3 700 jobs, have fueled questions about whether Twitter will have the resources to keep crucial systems running effectively, including during the United States midterm elections on Tuesday.  

Dorsey remains an indirect shareholder in the site, after rolling over roughly 18 million Twitter shares into Elon Musk’s X Holdings I. He has endorsed Musk’s purchase, saying in April when the deal was first announced that the company was “owned” by Wall Street and said that taking it private was the “correct” first step.

Source: News 24

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TikTok to limit livestream hosting to users over 18 years of age

by Radarr Africa
written by Radarr Africa

TikTok will limit the capability to host live streams to users over 18 years old, the popular video-sharing app announced in a statement on Monday, 17 October 2022.

The change is one of several updates TikTok is implementing to the live-streaming capability called LIVE.

The company said it was moving the minimum age for hosting a LIVE from sixteen to eighteen from 23 November to protect users and creators and support their well-being.

TikTok explained some of its other features already had age restrictions in place.

“As we consider the breadth of our global audience, we already take a graduated approach to the features that our community can access based on their age,” TikTok said.

ALSO READ: TikTok launches free Wi-Fi hotspots in South Africa.

“Younger teens need to be aged 16 or older to access direct messaging and 18 or older to send virtual gifts or access monetisation features.”

In the coming weeks, TikTok is also launching the ability for live stream hosters to limit their live stream viewers to users 18 years and older.

TikTok explained this could be used for comedy routines better suited to people over 18 or for serious content about difficult life experiences that users might not want to share with teenagers or children.

However, TikTok will keep disallowing sexually explicit content, so this feature will not be contending with platforms like OnlyFans.

Source: My Broadband

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Twitter responds to Elon Musk over breach of contract.

by Radarr Africa
written by Radarr Africa

Twitter hit back on Monday at Elon Musk for accusing the social media company of breaching its obligations in their merger agreement, saying it is Musk who’s breaching the $44-billion deal by attempting to ditch it. Diane To reports.

In it, the social network operator alleges Musk materially breached the original agreement and displays direct examples of him doing so in the form of his own tweets. 

Twitter wants a lightning-quick trial to resolve its claim that Musk wrongfully canceled his proposed $44 billion buyout of the social-media platform.

Lawyers for the San Francisco-based company say they need only four days in Delaware Chancery Court to prove that the world’s richest man should be forced to honor his agreement and pay $54.20 a share for Twitter. The company hopes to start the non-jury case on September 19.

Unlike some states where it can take several years to get a case to trial, Delaware Chancery Court generally moves quicker. Chancery judges business law experts are known for being able to parse through the legal thickets of complex merger and acquisition disputes more quickly and thoroughly than other US courts. Even complex business cases are often argued before a judge within six or seven months of being filed.

Twitter’s suit cites no fewer than 13 Musk tweets in setting out the arc of the billionaire’s infatuation with the service, which started with the pun of “love me tender” before his bid in April.

It later devolved to Musk posting poop emoji in response to Twitter Chief Executive Officer Parag Agrawal’s explanation of how the company estimates the number of bot accounts on the platform.

Source: fin 24

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