Social news
Twitter's Lawsuit Against Elon Musk Reveals a Brutal Truth Every Leader Should Embrace
On Monday, Elon Musk sent a letter to Twitter, letting the company know he would no longer be spending $44 billion to buy it because there are too many spam bots. Of course, that's one of the main reasons he said he was buying Twitter in the first place but it now appears he changed his mind.
In response, Twitter filed a lawsuit on Tuesday, saying "sorry, you can't just change your mind, we had a deal." Technically, Twitter is right. Basically, it wants Musk to keep his word. Of course, making that happen depends entirely on convincing a judge to force Musk to fulfill his obligations under the agreement.
inc.com
Pinterest Shares Soar After Report That Elliott Management Has Acquired a 9% Stake
Pinterest shares jumped over 20% in extended trading on Thursday after The Wall Street Journal reported that Elliott Management has accumulated a stake of over 9% in the company.
Elliott, known for its activist investments, has been discussing unspecified matters with Pinterest for the past several weeks and told the company it's now the largest shareholder, the Journal reported, citing unnamed sources.
nbcdfw.com
New features
Facebook Is Testing a Way to Add Multiple Profiles to an Account
The social network says users will be able to add up to five profiles to their Facebook account.
cnet.com
Creators can now offer subscriber-only content
10s of thousands of Instagram creators can now lock photos and Reels behind a paywall that can only be accessed by fans paying a subscription.
Creators will be able to offer subscriber-only group chats, Stories and livestreams too.
New Notes feature coming to Instagram?
Instagram is following Twitter by testing a new Notes feature - the ability to post a Note up 60 characters long at the top of the DM inbox.
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