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Twitter to hike Blue pricing to $11 for iPhone app users

Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple Inc’s 30 […]

Shares in Twitter plunged after Musk pulled out of the deal to buy the social network

Twitter CEO Elon Musk says user signups at all-time high

Twitter Inc chief executive Elon Musk says new user signups to the social media platform are at an “all-time high”, as he struggles with a mass exodus of advertisers and users fleeing to other platforms over concerns about verification and hate speech. Signups were averaging over two million per day in the last seven days […]

Elon Musk's plans for Twitter include overhauling the blue verification system, leaving Dubai influencers planning their response

Elon Musk says he will find a new leader for Twitter

Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organisational restructuring this week. Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay […]

Elon Musk warns of Twitter bankruptcy and ends remote work

Twitter Inc’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator and the exit of the company’s trust and safety leader. The billionaire on his first mass call with employees said that he could not […]

Elon Musk's plans for Twitter include overhauling the blue verification system, leaving Dubai influencers planning their response

Dubai’s influencers will weather the blue tick Twitter storm

Twitter is going through an historic overhaul: thousands of staff members fired, a new senior leadership team in place, and a new CEO at the helm – Tesla and SpaceX founder Elon Musk. Among Musk’s flagship plans for the platform, perhaps the most eye-catching is an overhaul of the verification system — Twitter’s blue ticks. […]

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Twitter updates app to start charging $8 for blue checkmark

Twitter on Saturday updated its app in Apple’s app store to begin charging $8 for sought-after blue check verification marks, in Elon Musk’s first major revision of the social media platform. The change comes a week after Musk took over the social media company in a $44 billion deal. The billionaire entrepreneur and CEO of […]

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Erdogan may discuss charge for Twitter blue check with Elon Musk

Turkish President Tayyip Erdogan said he may negotiate with Twitter’s new boss Elon Musk to avoid paying the monthly $8 charge for the “verified” badge. After buying Twitter for $44 billion last week, Musk said the company will charge $8 a month for its Blue service, which includes the sought-after blue check mark. In an […]

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More Twitter officials leave after Elon Musk’s $44bn takeover

In an expanding exodus of Twitter’s top management, officials including its advertising and marketing chiefs left the company in the past few days, according to statements and a person with direct knowledge of the matter. The departures come after billionaire Elon Musk’s $44 billion takeover of the company last week, followed by his firing of […]

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Elon Musk says Twitter will revise how it verifies users

Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media platforms. “Whole verification process is being revamped right now”, Musk said in his tweet without giving more details. Twitter is considering charging for the coveted blue […]

Musk’s Twitter ownership starts with firing of top executives

Elon Musk became Twitter Inc’s owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer […]

Person, Human, Camera

Saudi MBC Group signs deals with Turkish production companies

Saudi-owned MBC Group, the Middle East’s largest broadcaster, said on Wednesday it had signed a five-year partnership with two Turkish production houses, signalling an end to an unofficial boycott imposed on Turkey by Saudi Arabia as the two countries work to improve ties. MBC, which in March 2018 scrapped Turkish programmes including soap operas popular […]

Rupert Murdoch starts process to reunite Fox and News Corp

Rupert Murdoch has started a process that could reunite his media empire, News Corp and Fox Corp disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. Both have formed special committees to review proposals of a potential combination, they said. If a deal goes through, the […]

OPEC+ cuts: the media’s verdict

Major stock markets in the Gulf rose in early trading on Thursday, joining the rise in oil prices following the announcement late on Wednesday October 5 that the oil alliance OPEC+ had agreed to cut production by about two million barrels per day, the largest reduction since 2020. OPEC+ agrees deep oil production cuts, Biden […]

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Elon Musk reverses course, ready to buy Twitter for $44bn

Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to or not. An agreement would put the world’s […]

Apple, Amazon pass on media rights to Saudi-backed LIV Golf

Amazon.com Inc. and Apple Inc have both passed on the media rights to the LIV Golf tournament, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Critics have said that LIV Golf, backed by Saudi Arabia’s Public Investment Fund, amounts to “sportswashing” by a nation trying to improve its reputation in […]

Gulf states demand Netflix pull content deemed offensive

Gulf Arab states have demanded that US streaming giant Netflix remove content deemed offensive to “Islamic and societal values” in the region, Saudi Arabia’s media regulator said on Tuesday. It did not specify the content, but mentioned that it included content aimed at children. Saudi state-run Al Ekhbariya TV, in a programme discussing the issue, […]

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Former Twitter employee is convicted in Saudi spy case

A former Twitter Inc manager accused of spying for Saudi Arabia was convicted on Tuesday on six criminal counts, including acting as an agent for the country and trying to disguise a payment from an official tied to Saudi’s royal family. Ahmad Abouammo, a dual US-Lebanese citizen who at Twitter helped oversee relationships with journalists […]

Machine, Atm, Cash Machine

Kuwait sovereign wealth fund invests in Italian ATM operator

Italian fund FSI, the main investors in which include state lender CDP and the sovereign wealth funds of Kuwait and Singapore, has signed a preliminary deal for an investment in payments card and cash machine operator BANCOMAT. FSI and BANCOMAT have agreed the terms under which FSI is set to invest in BANCOMAT “to sustain […]

Electronics, Person, Human

Netflix lost 770,000 users in Europe, Middle East and Africa

Netflix Inc on Tuesday averted its own worst-case scenario of subscriber losses, posting a nearly 1 million drop from April through June, and predicted it would return to customer growth during the third quarter. Shares, which have fallen roughly 67 percent this year on concerns about the company’s long-term prospects, rose 8 percent in after-hours […]