X Axes Disinformation Team Just 1 Month After Elon Musk Pledged To Expand It
Portfolio Pulse from Adam Eckert
Elon Musk's X, formerly Twitter, has cut half of its global team responsible for limiting election disinformation, including the entire Dublin-based global election integrity team. This comes less than a month after X reinstated political ads and pledged to expand its safety and elections team. Musk acquired Twitter for $44 billion last October and rebranded it to X. Earlier this year, the Tesla Inc CEO said he had cut about 80% of the company's staff.
September 27, 2023 | 9:53 pm
News sentiment analysis
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NEUTRAL IMPACT
Elon Musk's actions at X, formerly Twitter, could potentially impact investor sentiment towards Tesla, as Musk is the CEO of both companies. The recent layoffs at X may raise concerns about Musk's management style and decision-making.
While the news is primarily about X, Elon Musk's role as CEO of both X and Tesla links the two companies. Investor sentiment towards Tesla could be influenced by Musk's actions at X, particularly if there are concerns about his management decisions. However, the direct impact on Tesla's stock is uncertain, hence the neutral score.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50