Elon Musk’s sudden suggestion that he’d step down as head of Twitter poses a potentially unanswerable question: Is there anyone out there willing and able to manage this mess with Musk looming over their shoulder?
Why it matters: Musk himself hinted on Twitter that he believes the answer is no.
The Communications Workers of America (CWA) on Monday sent a letter to leaders at C-SPAN urging the non-profit TV service to remove Allan Block, the millionaire owner of the parent company to the Pittsburgh Post-Gazette and the Toledo Blade, from its board — arguing Block is tarnishing C-SPAN's reputation.
Why it matters: The CWA, which represents thousands of media workers — including those at both of Block's newspapers — argues Block's attempt to manipulate the Toledo Blade's coverage of the Jan. 6, 2021 insurrection and his family's recent handling of union issues at the Pittsburgh Post-Gazette, has become a liability for C-SPAN.
Twitter's investors have divided into two camps: copacetic and apoplectic.
Why it matters: ElonMusk never intended to lead the site forever, both based on public and private comments. But investors were told that a transition would occur between the three and six month mark, not based on a crowdsourced decision just six weeks into his ownership.
This time last year,soaring demand for goods in short supply fueled inflationary pressure for holiday-related items — that is, if you could find them. This holiday season, however, is shaping up a little differently.
Why it matters: The supply-demand mismatch from pandemic disruptions has begun to heal, helping drive the long-awaited goods deflation. That means a more affordable season for many gift givers.
Prices for bonds of China's heavily indebted — and financially wobbly — homebuilders have soared in recent weeks.
Why it matters: The rally — spotlighted by the Wall Street Journal — suggests investors think China's economic troubles are so great that the government has no choice but to keep supporting key players in the residential real estate market.
There were 374 worker strikes started in 2022 — a 39%increase over 2021, according to a database run by Cornell.
Why it matters: Fueled partly by anger over working conditions in the pandemic and spurred on by other labor wins, all sorts of workers — warehouse employees, teachers, nurses, graduate students, journalists — walked off the job.
A majority of respondents — 57.5% — to a Twitter poll posted by Elon Musk on Sunday said that he should "step down as head" of Twitter.
Why it matters: His potential resignation as the head of Twitter could end one of the most chaotic and controversial tenures ever for a CEO of a major U.S. company.
Hawaiian officials said a flight from Phoenix to Honolulu left 36 people injured Sunday after the plane carrying 278 passengers hit "severe turbulence" near the islands on Sunday morning.
The big picture: The Honolulu Emergency Medical Services said 20 people were taken to local hospitals, including 11 people in serious condition, following the Hawaiian Airlines incident, which occurred as the National Weather Service said a "strong cold front" passing through Hawaii was bringing "weather hazards."
Twitter announced Sunday it would ban accounts used to promote other accounts on other specific social media platforms, including Facebook, Instagram and Mastodon.
The latest: Twitter's posts on the announcement vanished by Sunday evening. Representatives for Twitter did not immediately respond to Axios' request for comment on this.
Elon Musk asked Twitter users in a poll Sunday evening whether he should "step down as head" of the company.
Driving the news: Musk launched the poll hours after Twitter faced criticism for announcing it would ban accounts used to promote other accounts on other specific social media platforms, including Facebook, Instagram and Mastodon.
