July 24, 2024

Twitter shortens the wait time for Twitter Blue. 2 additional tales and a fact

FUERSTENWALDE, GERMANY - SEPTEMBER 03: Tesla head Elon Musk arrives to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Musk is currently in Germany where he met with vaccine maker CureVac on Tuesday, with which Tesla has a cooperation to build devices for producing RNA vaccines, as well as German Economy Minister Peter Altmaier yesterday. (Photo by Maja Hitij/Getty Images)

This selection of articles will assist you in learning about the most recent developments in the modern tech world.

1. Twitter shortens the wait time for Twitter Blue.

Twitter, Elon Musk’s microblogging platform, has introduced a new 30-day waiting period before an account can purchase Twitter Blue.

Daily Updates observed the announcement on Twitter Blue’s page on Friday.

Initially, the company stated that newly created accounts would have to wait 90 days before they could sign up for Twitter Blue.

The notice stated that the team has reviewed the 30-day waiting period but added that any changes are up to the company’s discretion.

For 30 days, newly created Twitter accounts won’t be able to sign up for Twitter Blue. The Twitter Blue page states that waiting periods for new accounts may also be implemented in the future, at our discretion and without prior notice.

2. Accenture will reduce its global workforce by 19,000 employees.

Accenture, a major provider of professional services, has announced plans to eliminate 19,000 jobs, or 2.5% of its global workforce.

This information was made public by the company and was viewed by Ripples Nigeria on Friday.

Accenture returned $1.8 billion in cash to shareholders in the second quarter, and its sales rose 5% to $15.8 billion, per the filing.

The Irish-American professional services company disclosed that over the next 18 months, it would spend $300 million consolidating its office space and $1.2 billion on severance pay to cut its workforce by 2.5%.

Julie Sweet, CEO of Accenture, stated that the company’s “strong financial results this quarter again demonstrate that our ability to bring together industry, functional, and technology expertise as well as managed services continues to differentiate us with our clients.”

In order to take advantage of the significant growth opportunities that lie ahead, Sweet continued, “We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people.”

More than half of the eliminated positions, according to Ripples Nigeria, would be held by back-office employees.

3. A pan-African venture fund contributes $43 million to VKAV.

Verod-Kepple Africa Ventures (VKAV), which is still raising money for its pan-African venture fund, recently received $43 million.

The funding was confirmed by VKAV Partner Ory Okolloh in a statement on Friday.

In 2022, Kepple Africa Ventures and Verod Capital Management Limited (Verod Capital) formed the joint venture known as VKAV.

The Pan-African Venture Capital Fund focuses on early-stage companies in Africa.

“We are incredibly appreciative of the faith our distinguished group of investors place in our team and unique value creation strategy.Our successful long-term partnership with them will be strengthened, Okolloh said.

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