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Elon Musk warns investors not to ‘bet the farm on Dogecoin’

The embattled CEO of Twitter and Tesla isn’t known for measured takes and a sober public persona. However, Elon Musk doled out a piece of considered financial advice on Tuesday to crypto enthusiasts and fans of Dogecoin. “I’m not advising anyone to buy crypto or bet the farm on Dogecoin,” he said while speaking virtually at a conference in London hosted by the Wall Street Journal. The CEO’s words of caution to prospective investors in the cryptocurrency are a slight departure from Musk’s colorful—and legally fraught—history of boosting the token. Created in late 2013,...

Elon Musk gets Taiwan blowback after ‘certain inevitability’ comment

by AoCEgWtx4o

May 21, 2023

Elon Musk weighed in this week on Taiwan—where his comments did not go over well. “The official policy of China is that Taiwan should be integrated,” Musk said in an interview with CNBC’s David Faber. “One does not need to read between the lines. One can simply read the lines. There’s a certain inevitability to the situation.” In China, the state-controlled China Daily ran with the headline, “Elon Musk: Taiwan should be integrated.” On Friday in Taiwan, Foreign Minister Joseph Wu tweeted a response to the Tesla CEO, writing that the Chinese Communist Party’s...

Elon Musk and Twitter face San Francisco city probe over headquarters

by AoCEgWtx4o

May 20, 2023

In an aerial view, a modified company sign is posted on the exterior of the Twitter headquarters in San Francisco, April 10, 2023.Justin Sullivan | Getty Images News | Getty ImagesElon Musk and X Corp. — the Musk-backed parent company of social media platform Twitter — face an investigation over building code violations at Twitter's San Francisco headquarters on Market Street, according to online public records with the county's Department of Building Inspection.The probe, which was previously reported by the San Francisco Chronicle, follows a lawsuit filed May 16 in Delaware court by six...

Tesla CEO Elon Musk says in email he must approve all hires

by AoCEgWtx4o

May 16, 2023

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk meets with France's President Emmanuel Macron (L) at the Elysee presidential palace in Paris on May 15, 2023. Ludovic Marin | Afp | Getty ImagesTesla CEO Elon Musk sent an email to "everybody" at his electric vehicle maker on Monday, expressing concern over the company's current hiring practices."I would like to gain a better understanding of our hiring," Musk wrote in the email. "VPs should send me a list of their department hiring requests once a week."Tesla staffers read the email as either a soft...

Elon Musk and Linda Yaccarino onstage in Miami in April

by AoCEgWtx4o

May 14, 2023

On Friday, Elon Musk announced that NBC Universal’s Linda Yaccarino will serve as the new CEO of Twitter. Yaccarino is a longtime advertising executive credited with integrating and digitizing ad sales at NBCU. Her challenge now will be to woo back advertisers that have fled Twitter since Musk acquired it last year for $44 billion. Since taking ownership, Musk has fired thousands of Twitter employees, largely scrapped the trust-and-safety team responsible for keeping the site free of hate speech, harassment and misinformation, and blamed others — particularly mainstream media organizations, which he views as untrustworthy “competitors” to...

NYC’s MTA ends Twitter alerts after Elon Musk demands ,000

NYC’s MTA ends Twitter alerts after Elon Musk demands $50,000

by AoCEgWtx4o

April 28, 2023

New York City’s mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders as the Metropolitan Transportation Authority curbs its relationship with the platform owned by Elon Musk. Twitter had asked the MTA to pay $50,000 a month to continue accessing the platform’s application programming interface, or API, an infrastructure tool that allows for multiple computer programs to work together, according to an MTA official. Twitter didn’t specifically respond to an emailed request for comment. “I don’t think it would be the best use of resources, especially when...

Is Elon Musk Really the Destroyer of Journalism, Or is He Truth’s Last Hope?

by AoCEgWtx4o

April 22, 2023

I grew up on “Nightline with Ted Koppel,” “60 Minutes” with Dan Rather and Andy Rooney, and “Meet the Press” with Tim Russert. By the time I was in middle school, I was quizzed by my mother on news articles from our daily papers, The Minneapolis Star Tribune and the St. Paul Pioneer Press. As you can tell, I was raised in a house dominated by news and was bred to be a current events nerd. However, now I get my news from more sources than I could list – not just because there...

Elon Musk had a rough week across Tesla, Twitter and SpaceX

by AoCEgWtx4o

April 21, 2023

Theo Wargo | Wireimage | Getty ImagesA rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company's board of directors to rein in an "over-committed" CEO in an open letter.The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and a first-quarter Tesla earnings report Wednesday that saw net income decrease more than 20% from the prior year on narrowing margins. The report sent Tesla shares down almost 10% Thursday and erased nearly $13 billion from Musk's net worth, according to...

Elon Musk is reportedly planning an AI startup to compete with OpenAI

by AoCEgWtx4o

April 15, 2023

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023.Jonathan Ernst | ReutersTesla CEO Elon Musk is planning to launch an artificial intelligence startup that would go head-to-head with OpenAI, the Financial Times reported Friday.Musk — the CEO of Tesla, SpaceX and Twitter — has been building a team of researchers and engineers and has been in conversation with multiple investors, the Financial Times reported, citing sources familiar with the matter. He has also reportedly been recruiting from other top AI firms, including Alphabet-owned DeepMind."It's real...

San Francisco DA slams Elon Musk for tweets on Bob Lee

by AoCEgWtx4o

April 14, 2023

Elon Musk was publicly criticized by San Francisco’s District Attorney on Thursday after the billionaire tweeted about the violent murder of tech entrepreneur Bob Lee. San Francisco police announced on Thursday that they had arrested a suspect over the killing of the Cash App founder and former Square executive, who was stabbed to death in the early hours of April 4. The suspect, 38-year-old Nima Momeni, is a fellow tech worker who knew Lee personally, but details on his motive have not been released. Lee’s death sparked a torrent of anger last week from...

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