Elon Musk

Twitter's revenue nosedived 40% in Dec as advertisers left: Report
IANS -
Several advertisers "ditched the social-media platform following Elon Musk's takeover", the Wall Street Journal reported, citing people familiar with the matter. In an update to investors, Twitter reported a 40 per cent decline (year-over-year) in both revenue and adjusted earnings for December. The company recently made a first interest payment to banks that lent $13 billion.
New Twitter Files claim thousands of moderation requests from US govt
IANS -
He said that the real story emerging in the Twitter Files is about a "ballooning federal censorship bureaucracy" that's not aimed at either the left or the right per se, but at the whole population of outsiders, who are being systematically defined as threats. "Feds mistaking both conservatives and leftists for fictional Russians, even Twitter deciding on paper to cede moderation authority to the 'US intelligence community,' Taibbi posted in a Twitter thread.
Starlink offers global roaming satellite internet for $200 a month
IANS -
The globalising roaming internet service will utilise Starlink's inter-satellite links (space lasers) to provide connectivity around the globe. "You are invited to try Starlink Global Roaming service, which allows your Starlink to connect from almost anywhere on land in the world," the company said in a message to its users.
US proposes $175K fine on Musk's SpaceX for failure to give launch data
IANS -
The case pertains to the August 19, 2022, launch of the Starlink Group 4-27 mission. The FAA said in a statement that launch collision analysis trajectory data is used to assess the probability of the launch vehicle colliding with one of the thousands of tracked objects orbiting the Earth. "SpaceX was required to submit the data to the agency at least seven days prior to an attempted launch," said the administration.
Twitter sued by advisory firm for not paying $1.9 mn as Musk deal fees
IANS -
According to The New York Times, Innisfree M&A has filed the lawsuit in the New York State Supreme Court, seeking about $1.9 million in unpaid bills from Twitter. The firm advised the micro-blogging platform on its acquisition to Musk last year. "Twitter hired Innisfree last May to help it reach out to its shareholders about the $44 billion deal.
Twitter to charge $1,000 per month from businesses for their gold badges
IANS -
The Elon Musk-run company, which is busy monetising its platform via various means, will also charge an extra $50 per month to add badges to each account affiliated with the brand, reports The Information. A screenshot posted by social media consultant Matt Navarra also suggested that Twitter is going to charge a massive $1,000 per month.
Elon Musk cleared of fraud charges in 'Tesla funding secured' case
IANS -
The jurors deliberated for about two hours before reaching the verdict, called a "disappointed" one by Nicholas Porritt, partner at Levi & Korsinsky, the firm representing the Tesla shareholders in the class action, reports CNBC. Musk tweeted that he is "deeply appreciative of the jury's unanimous finding".
Musk plans WeChat-like payments system on Twitter that includes crypto
IANS -
According to a report in The Financial Times, citing sources, the payments feature will support fiat currencies to start with. Neither Musk nor Twitter confirmed the development. "Mr Tweet" has apparently instructed developers to build the platform's payments system.
I work all day, then go home & play work simulator: Musk
IANS -
Musk is known for working long hours to run his five companies -- Tesla, SpaceX, Twitter, Neuralink, and the Boring Company. His tweet so far has garnered over 8.8 million views, 127.8k likes and 7,803 retweets. However, his tweet was flooded with hundreds of comments, with some advising him to take a break from work, and some taking a dig at him.
Tesla reports record Q4 net income, announces $3.6 billion investment for Nevada truck manufacturing
Newsmen Business Desk -
The announcement of the expansion was made on Tuesday by Nevada Governor, Joe Lombardo, after he met with Tesla CEO, Elon Musk. In a tweet, Lombardo said, "This is an incredible investment in our state." The White House also issued a statement, hailing the expansion as proof of a continued "manufacturing boom" since President Joe Biden took office two years ago.
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