Hi everybody and welcome back to the Elon Musk podcast on today's
episode, we delve into the stormy seas, the Twitter Inc or
X Corp, as it's now, known is currently navigating will be
discussing everything from a multimillion-dollar lawsuit,
claiming Twitter failed to pay promised employee bonuses.
The new user policies shaking the twitterverse will dissect.
The transformative effect that musk's take over his head on
this social media Behemoth as well as how these drastic
changes are spurring user migration into surge in
litigation Ian from unexpected changes such as tweet access
restrictions aimed at combating data scraping to the
resurrection of previously, banned accounts.
Musk's leadership of Twitter has been nothing.
If not eventful the platform. Now, faces mounting legal
challenges, a discontented user base and the departure of key
Evert sizers. Yet amidst the upheaval, some
competitors, such as Blue Sky are witnessing record, high
traffic. So stick around as we dive deep
into these developments. Applications for Twitter's
future. And what this means for the tech
World At Large, but first, let's hear a word from our generous
sponsors. Don't go anywhere.
We'll be right back with the heart of the matter.
Twitter Inc, also known as X Corp once the epicenter of
online. Social dialogue is now mired in
legal disputes, a consequential, Exodus of users and the
controversial reign of the new ownership from Elon Musk, and
with its acquisition by Tech tycoons.
Ilan last year, the platform has seen drastic shifts.
It is Policies and conduct the social media giant.
Now confronts a class action lawsuit, alleging that it has
failed to deliver on promised employee bonuses.
The suit was filed on Tuesday by Mark show Binger a former senior
director of compensation at Twitter who exited the company.
Last month. In the suit alleges that Twitter
had committed to giving employees 50% of their target
bonuses for 2022. Promises that the lawsuit claims
have not been fulfilled and the clean.
It's towards a potential breach of contract on Twitter's part,
Twitter's official response to the legal action was
characteristically musk X. They offered up a poop emoji.
The media relations office, like many other facets of the social
media. Giant has vanished since musk's
acquisition the legal representation for show Bender.
Attorney Shannon. Liz Riordan is no stranger to
Twitter's courtroom escapades this Riordan represents former
Twitter employees. Several other lawsuits in
approximately 2000 individual arbitration cases these stem
from musk's Mass layoffs last year, which led to accusations
of unfulfilled Severance packages.
It alleged discriminatory targeting a female and disabled
employees during the layoffs. Twitter has consistently denied
any wrongdoing in these instances and the influx of
legal troubles, doesn't stop with disgruntled employees,
many, landlords vendors, and Consultants have also brought
legal action against Twitter over unpaid bills, a legacy
inherited by musk upon purchasing the company.
And in another significant soup, three, former Twitter,
Executives, including the ex-ceo are, suing the company in
Delaware, they claim that Twitter reneged on an agreement
to reimburse over 1 million dollars in legal fees, incurred
in responding to government regulatory requests.
In a midst, This legal Quagmire musk announced.
A sudden change to Twitter's user policies to To combat data,
scraping by AI companies, Twitter has temporarily
restricted, the number of tweets users can access daily.
The limitation varies for verified and unfair of I'd
users. And it's unclear how long these
limits will last or the conditions required to lift them
as per musk's declaration. Verified accounts can access
6,000 tweets per day. While unverified ones are
limited to 600 Now, new unverified users, who, Joined
post, the announcement are further, restricted to only
three hundred tweets per day. These rates are expected to
increase soon, according to musk.
Now, musk's move followed his expression of concern, over
quote, extreme levels of data, scraping by artificial
intelligence companies, This directly affects chatbots like
chat. TBT the rely on substantial data
servers typically, script from the internet and the impact of
these new restrictions and other Twitter features such as their
audio conversation, platform spaces remains unclear, however,
a surgeon error messages like quote rate limit exceeded on
users home feed suggest far-reaching implications user
reports of Twitter malfunctions on down detector spiked it a
a.m. eastern on Saturday and continued throughout that whole
day. At since purchasing Twitter for
forty four billion dollars, last October musk has introduced a
slew of significant changes, he's restored previously.
Banned accounts including former President, Donald Trump's
replace the verification system with a pay to verify model in a
pointed Linda. Yeah, kirino formerly of NBC
Universal as Twitter CEO. However, these changes have not
been without consequence. Others have departed and mass
raising questions about Twitter's future Revenue model.
Moreover, Twitter's frequent glitches and changing user
experience have spurred users to migrate to similar platforms,
like mastodons, blue sky and a proposed Twitter clone by meta.
And in a Twist of irony, Blue Sky.
A platform backed by former Twitter, CEO, Jack Dorsey has
seen record high traffic after musk's announcement.
The app is described as a decentralized.
Social network and has been considered a potential Twitter
alternative. However it remains invite-only
at this time in another major policy shift.
Twitter is clamp down on the number of tweets per day.
The various accounts can read the new restriction aimed at
deterring extreme levels of data, scraping and system.
Manipulation was announced by Elon Musk Saturday.
Now the 6603 hundred numbers there are going to be changes to
that however musk later, raise those limits to 10,000 for
verified users, 1004 unverified and 504, new unverified users.
He provided no additional Tours explanation to these changes.
The move follows Twitter's decision to make viewing tweets
and exclusive feature for its account holders must label.
This a temporary emergency measure and clip that hundreds
of organizations were scraping Twitter data, extremely
aggressively. Thus impairing the user
experience must frustrations are not new and have been directed
towards artificial intelligence firms, including open AI, the
developer of chat, CBT is previously criticized them for
using Twitter. Data to train their large
language, models in the implementation of these changes
has not been without hitches on Saturday morning, Twitter
experience, a significant outage with nearly 7,500 users
reporting issues. In other musk's ownership,
Twitter has made several attempts to regain advertisers,
who abandoned the platform. One such move has been
monetizing verification, check marks as part of the Twitter
blue program to boost subscription revenue and the
legal battles. In tumultuous policy changes
paint a really challenging Picture for Twitter future with
an increasingly disgruntled user base and mounting legal
disputes. It remains to be seen whether
musk's drastic measures will lead to revitalizing the
platform or to continue to provoke instability and
discontent. Thanks for listening to the Elon
Musk podcast. Appreciate your support and I
appreciate you spending the time here with me today.
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So thank you for that. Also, please take care of
yourselves and each other and I'll see you in the next one.
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