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Business Wars Daily

Mastodon Grows as Twitter Spirals

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 14 November 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Monday, November 14 and we're looking at Mastodon vs. Twitter.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

0:16.1

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

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there. Members support each other anonymously, sharing what's helped them on a range of subjects,

0:27.5

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

0:42.0

Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.2

Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this November 14th.

1:07.1

Happy Monday, everyone.

1:08.7

In case you've been blissfully unaware, and we wouldn't blame you if you

1:12.4

were, there's a lot happening over at Twitter of late. Let's play a brief game of catch-up, shall we?

1:17.5

Back in April, one Elon Musk bought a 9% stake in that company. After a little back and forth,

1:24.2

Twitter agreed to be acquired by Musk for $44 billion.

1:34.2

In May, Musk announced the deal was on hold, and in June, he tried to walk away from the deal altogether, to which Twitter responded with a lawsuit to force Musk to make good on his promise

1:40.2

to buy the company. Shareholders approved the deal in September, and by the end of October,

1:45.5

Elon Musk was the proud owner of Twitter. He immediately dissolved Twitter's board of directors and

1:51.8

went on a firing spree, laying off around half of Twitter's employees. Musk says he had to fire

1:57.8

folks en masse to cut costs. He did, after all, take on around 12 billion in loans

...

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