trade now
(BTC) Bitcoin News TodayFinanceNews

Elon Musk’s Wave Evident in Twitter Offices Closure, Resignation, and Users’ Fleeing to Decentralized Platforms

The devotion by Elon Musk to streamlining Twitter operations has brought conceivable developments since acquiring the micro-blogging platform in late October. A notable occurrence has been the departure of Twitter staff and office closures. 

Exit from Twitter arises from the emailed ultimatum from Musk rallying the staff to devote themselves to working long hours and high-intensity workplace. Earlier this week, the email asked staff members uncertain of their commitment to the new work environment to exit the company by Thursday, November 17. 

Employees Exit Twitter

Many Twitter staff have opted for the second option, which features three-month severance compensation. The exit that runs into hundreds has warranted temporary office closures for employees.

Similarly, Twitter declared to resume badge access on November 21, when the temporary suspension ends. Musk-led changes have featured the directive for nondisclosure of confidential company information via press and social media. 

In a poll conducted via the workplace application – Blind, 42% of the 180 participants considered exiting. A separate poll yielded matching results where half of the staff desired to quit Twitter.

📰  Roubini Claims He’s Not Criticizing Binance’s CZ But Is That True?

Users Embrace Decentralized Social Network

Employees fleeing Musk’s initiative extends to users swapping Twitter for decentralized social space. The resulting rubble has seen Mastodon benefit with a registration surge. The uptake of Mastodon by users fleeing Twitter is for its decentralized social network that features independently operated servers, though interconnected, run on the open source software.

The preference for Mastodon saw its membership increase by a million on November 12. Coincidentally, Twitter lost a comparable number of users since its acquisition by Elon. 

Decentralized Social Network Threat

Users are spoilt for choice as they can join Bluesky Social, started by former Twitter chief – Jack Dorsey. The decentralized network enables users to exercise self-custody on data. Besides incorporating portable user accounts, Bluesky Social utilizes open-market algorithms. 

Dorsey desires to attract users from centralized Web2 social media into the Bitcoin-powered platform shielded from spam and scam. Besides, he turned down the offer by Elon Musk to head twitter. 

📰  Coinmatics Review - Is Coinmatics Scam Or Legit?

Musk rues the current tribulations experienced in running social media networks following the employee exodus. Nevertheless, Musk was upbeat about retaining the best talents through a tweet responding to Dave Portnoy of Barstool Sports inquiry.

Editorial credit: kovop58 / produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

📰  All You Need To Know About Chapter 11 Bankruptcy

📰  Coinmatics Review - Is Coinmatics Scam Or Legit?

James Carr (Australia)

James is a new research writer for Tokenhell. His articles include broker and exchange reviews, guides and news from all over the crypto-verse. Stay tuned for his recent articles.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content