Following Coinbase CEO Brian Armstrong’s recent rejection of woke capitalism in which he declared that his employees must keep their personal politics out of the workplace or leave, about five percent of the company’s workers have actually left the cryptocurrency firm.
Former Twitter CEO Dick Costolo recently tweeted that “me-first capitalists” who disagree with injecting political activism into their workplaces will be “the first people lined up against the wall and shot in the revolution.” The company has not commented if the tweet by Costolo, who has an estimated net worth of $300 million, violates its policies against glorifying violence.
Although Disney seemed like the perfect suitor for Twitter, the company passed on the strategic acquisition over concerns that social media’s bullying, raunchy language and hate speech risked undermining the Magic Kingdom’s wholesome family image.
After plunging to an all-time-low in June, Twitter’s rise to $19 per share on rumors of a buy-out picked up credibility this week when its co-founder said the wilting social network company must ponder options, such as a buy-out.
BuzzFeed believes it has found the cause of Twitter’s problems — too much free speech, and too many white males. The real problem (whiny Hollywood celebrities influencing company policy) is left to the end of the article.
After booting Breitbart Tech editor Milo Yiannopoulos — possibly the worst blunder in social media history — and alienating his 400,000 followers, Twitter announced that its user growth is dead, and that its cash flow estimate was cut by $80 million for the latest quarter.
As Breitbart News has warned would happen after Obama bundler Chris Sacca led a Board of Directors coup last June to oust popular CEO Dick Costolo and muzzle conservative free speech, Twitter announced that their core users declined in late 2015.
Yahoo! CEO Marissa Mayer faces a showdown with activist investors on the company’s February 2 earnings call that could create another Twitter-style disaster.
Twitter’s CEO Jack Dorsey disclosed that almost half of Twitter’s senior managers are jumping ship, as the former #3 social media darling has fallen to #8 and monthly average users shrank by about 8 million since the end of October.
New York Times columnist Jim Stewart reacted to the report that Twitter CEO Dick Costolo is stepping down from his position July 1 and appointing Jack Dorsey, Twitter’s co-founder and former chief, as the interim CEO while they look for a permanent replacement on CNBC’s “Squawk on
