What Just Made Elon Smile from Ear to Ear? [WSW Logo]( [divider]( Editor's Note: At Wall Street Wizardry, we are serious about being your âeyes and earsâ for special opportunities for you to take advantage of. The message below from one of our partners is one we think you should take a close look at. [devider] Hello Friend! [Elon Musk has done it againâ¦]( And this time, heâs so happy about his new breakthrough that I bet heâs actually dancing⦠[Elon]( This is a big one⦠[One that could make him the richest man alive for years to comeâ¦]( And that could impact every area of our lives â including how we make money. The best part? I know how to get in on the ground floor of his latest discovery. [Click here to find out what Elonâs new plan isâ¦and how you could make big gains from it before other investors do.]( Youâre welcome. Best, [Michael Robinson] Michael Robinson
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Trend Trader Daily Experts say this back-and-forth style of leading such a large company is unprecedented, and could spell trouble for Twitterâs future, as advertisers flee the disordered platform and regulators discuss potential investigations. âHeâs trying to decide what to do and clearly doesnât have a plan â itâs absolute chaos,â said Anat Alon-Beck, a law professor at Case Western Reserve University in Ohio. âThere has to be a responsible adult in the room, and itâs not Elon.â Twitter and Musk face litigation Analysts say that while Muskâs renegade management style at Twitter is not so different from how he has run companies in the past, those actions have not been without consequence. The billionaire has faced lawsuits at other companies he leads, including space company SpaceX, car firm Tesla and brain-machine interface technology developer Neuralink. As the Twitter meltdown continues, a lawsuit against Musk goes to court next week in which investors at Tesla have accused the billionaire of overpaying himself while not investing sufficient time in the company. Investors at Tesla have sued Musk in the past over accusations of workplace harassment damaging the brand and securities fraud over his tweet about taking Tesla private in 2018. Twitter is already facing a lawsuit from some of the thousands of employees Musk laid off last week, who say they were not given proper notice of termination or sufficient severance pay. Alon-Beck said this is just the beginning of legal headaches for the company. Musk is going to be facing lawsuit after lawsuit after lawsuit Anat Alon-Beck âMusk is going to be facing lawsuit after lawsuit after lawsuit,â she said. âThere are so many issues heâs facing and will continue to face in regards to this acquisition, and a lot of cause for legal action.â Regulatory intervention on the horizon Advertisement Aside from ongoing litigation from investors and employees, Musk could face investigations by regulatory bodies for his actions at Twitter, following allegations the company is shirking Federal Trade Commission (FTC) regulations. The Verge reported on Thursday that Twitter may be neglecting to follow an FTC order issued in May after agreeing to a settlement with the agency that would require it to perform privacy reviews before making changes to products. According to the report, Musk had already âbypassed standard data governance processesâ, and an internal lawyer at the company warned that the company could be opening itself up to billions of dollars in fines. The FTC in response has said it is âtracking recent developments at Twitter with deep concernâ. MLB: Houston Astros-Championship Parade
Nov 7, 2022; Houston, Texas, USA; State senator Ted Cruz (orange) waves to the crowd during the Houston Astros Championship Parade in Houston, TX. Mandatory Credit: Erik Williams-USA TODAY Sports A drunk pope? Ted Cruz the cannibal? Twitter parodies exploit new blue tick Read more âNo CEO or company is above the law, and companies must follow our consent decrees,â the agency said in a statement. âOur revised order gives us new tools to ensure compliance, and we are prepared to use them.â Bankruptcy concerns as advertisers flee Advertisers are already jumping ship from Twitter, with General Mills, General Motors and other companies pausing messaging on the platform indefinitely over concerns about the instability of the company. Civil rights groups are calling for more companies to cut ties with Twitter over hate speech and misinformation. The response from advertisers underscores how Muskâs leadership style fails to translate to Twitter. The company â unlike other Musk ventures â is largely dependent on advertising for funding, making his erratic behavior more consequential for the firmâs bottom line, said John P Wihbey, a professor of media innovation and technology at Northeastern University. It is not particularly savvy to create confusion and alienate large sections of the user base John P Wihbey âCompanies like Tesla or SpaceX are more dependent on hardware than what the public is saying,â Wihbey said. âBut this is a business where advertisers can easily walk away, so it is not particularly savvy to create confusion and alienate large sections of the user base.â This is bad news for Musk, who after purchasing Twitter for $44bn is under intense pressure to make the company profitable. The billionaire said Twitter was losing more than $4m a day and told staff on Thursday that âbankruptcy is not out of the questionâ. [WSW footer logo]( You {EMAIL} received this email as a result of your consent to receive 3rd party offers at our other website. Email sent by Finance and Investing Traffic, LLC, owner and operator of Wall Street Wizardry. 16192 Coastal Hwy Lewes, DE 19958 USA © 2022 Wall Street Wizardry. All Rights Reserved[.]( [Privacy Policy]( [Terms & Conditions]( | [Unsubscribe]( [devider]