Category Archives: Elon Musk

Twitter ‘unfit’ for banking over alleged complicity in Saudi rights abuses

Posted on by

Lawyers for family say Saudi government took brother’s data in breach and ‘arrested, tortured, and imprisoned’ him and others

The company formerly known as Twitter is “unfit” to hold banking licenses because of its alleged “intentional complicity” with human rights violations in Saudi Arabia and treatment of users’ personal data, according to an open letter sent to federal and state banking regulators that was signed by a law firm representing a Saudi victim’s family.

The allegations by lawyers representing Areej al-Sadhan, whose brother Abdulrahman was one of thousands of Saudis whose confidential personal information was obtained by Saudi agents posing as Twitter employees in 2014-15, comes as Twitter Payments LLC, a subsidiary of X (the company formerly known as Twitter), is in the process of applying for money-transmitter licenses across the US.

Continue reading...

Tesla investigated over funds ‘used to build secret Austin house for Elon Musk’

Posted on by

Reports suggest plans for ‘Project 42’ included a glass structure that contained a residential element for the chief executive

US prosecutors are investigating Tesla over alleged use of company funds for a secret project described internally as a house for Elon Musk, the electric carmaker’s chief executive.

Information sought from Tesla by the US attorney’s office for the southern district of New York includes personal benefits paid to Musk, how much was spent on the project and its purpose, according to the Wall Street Journal.

Continue reading...

Twitter allows US political candidates and parties to advertise in policy switch

Posted on by

Announcement by the Elon Musk-owned social media platform has experts concerned over misinformation ahead of 2024 election

The social media company formerly known as Twitter said Tuesday it would now allow political advertising in the US from candidates and political parties, reversing previous policies and raising concerns over misinformation and hate speech ahead of the 2024 presidential election.

Before billionaire Elon Musk acquired the company, now called X, in October 2022, Twitter had banned all political ads globally since 2019. In January, the platform lifted the ban and began allowing “cause-based ads” in the US that raise awareness of issues such as voter registration, stating that it planned to expand the types of political ads it would allow on the platform.

Continue reading...

Vivek Ramaswamy says he wants Elon Musk to be his presidential adviser

Posted on by

Republican candidate and biotech entrepreneur names Twitter CEO when asked about potential advisers should he win election

The Republican presidential candidate Vivek Ramaswamy has said that he wants Elon Musk as an adviser if he becomes president.

The billionaire biotech entrepreneur was in Newton, Iowa, campaigning at a town hall on Friday when he was asked about whom he would want as advisers for his potential presidency.

Continue reading...

US sues Elon Musk’s SpaceX for alleged hiring discrimination against refugees

Posted on by

Justice department alleges rocket company refused to consider asylum seekers and refugees for jobs because of citizenship status

The US justice department on Thursday filed a lawsuit against the billionaire Elon Musk’s rocket company SpaceX for alleged hiring discrimination against refugees and asylum seekers.

SpaceX “routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status” from at least September 2018 to May 2022, according to the justice department.

Continue reading...

Elon Musk to strip headlines off news links on Twitter in latest overhaul

Posted on by

Move by the billionaire owner of the social media site may be an attempt to drive up subscription of the app’s premium service

Social media platform X, formerly known as Twitter, is poised to rework how news links appear on the platform, the latest change spearheaded by owner Elon Musk to impact news publishers on the site.

The news was first reported by Fortune on Monday and confirmed in a post from Musk later in the day: “This is coming from me directly. Will greatly improve the esthetics [sic],” he wrote. The platform will no longer display headlines and other text from news links and show only the main image, limiting a user’s ability to see the contents before clicking.

Continue reading...

Threads app usage plummets despite initial promise as refuge from Twitter

Posted on by

Social media app, launched in the wake of Twitter chaos, recorded 576,000 active users in August, down 79% from 2.3 million in July

The daily usage of Threads, Meta’s answer to Twitter, continues to slump after a strong start in its first weeks of existence.

Engagement with the social media app is down 79% from a high of 2.3m active users in early July to 576,000 as of 7 August, according to Similarweb, a digital intelligence platform.

Continue reading...

Musk says proposed Zuckerberg cage fight to be held at ‘epic location’ in Italy

Posted on by

X owner in talks with government over historic site for event – though Colosseum and Rome ruled out

Elon Musk is in talks with Italy’s government about hosting his proposed cage fight with Mark Zuckerberg at a historic site in the country, but the Colosseum has been ruled out as a venue.

The owner of X Corp and the chief executive of Facebook-owner Meta first raised the idea of a one-on-one scrap in a series of social media posts back in June. The challenge came as Zuckerberg prepared to launch Threads, a rival microblogging site to Musk’s now rebranded Twitter platform.

Continue reading...

Musk offers to pay legal bills of people ‘unfairly treated’ for posting on platform

Posted on by

Comment comes as company is going through organizational changes and looking to boost falling advertising revenue

Elon Musk has said his X social media platform will pay the legal bills and sue on the behalf of people who have been treated “unfairly” by employers because of posting or liking something on the site formerly known as Twitter.

“If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill,” Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills.

Continue reading...

Elon Musk reinstates Kanye West’s Twitter account after ban

Posted on by

Social media platform rebranded as X lifts ban on rapper-producer imposed after swastika tweet

Kanye West’s account on the social media platform X, formerly known as Twitter, has been reinstated almost eight months after he tweeted an image of a swastika blended with a star of David.

The rapper-producer and designer, legally known as Ye, embarked on a series of antisemitic rants on social media and during interviews towards the end of last year. In October, he tweeted that he would go “death con 3” on Jewish people. His account was subsequently locked but he was soon readmitted.

Continue reading...

Elon Musk reveals new Twitter logo X

Posted on by

Experts warn that rebranding of 15-year-old app may be a risky move at a time when competitors are upping their game

Elon Musk has revealed a new logo for Twitter, choosing a “minimalist art deco” X as part of a rebrand of the platform.

The Twitter owner indicated that the design would be altered, tweeting that it “probably changes later, certainly will be refined”. Twitter’s CEO, Linda Yaccarino, confirmed the choice on Monday by tweeting the design and writing: “X is here! Let’s do this.”

Continue reading...

Tesla beats Wall Street expectations to produce record number of vehicles

Posted on by

Report comes amid concerns Elon Musk, who owns SpaceX, Neuralink and Twitter, is spread too thin

Tesla narrowly beat Wall Street expectations in the second quarter of 2023, but shares began to fall in after hours trading following an earnings call that offered shareholders little reassurance surrounding Tesla’s promised Cybertruck release and other production concerns.

Revenue for the quarter topped $24.97bn compared to analyst predictions of $24.7 bn.

Continue reading...

Twitter investor writes down stake by 47% as analyst claims Threads user fall

Posted on by

Elon Musk has said advertising has plunged on his social media platform and it is cashflow negative

An investor in Elon Musk’s Twitter has written down their stake in the business by 47% as advertisers rein in their spending on the social media platform.

The move by ARK Investment Management came as an analysis firm claimed that usage of the “Twitter killer” Threads app has fallen by half since its launch by Mark Zuckerberg’s Meta.

Continue reading...

Tesla directors agree to return $735m to settle claims they were grossly overpaid

Posted on by

Shareholders sued the directors over stock option awards in 2017, accusing them of unfair and excessive compensation

Tesla Inc’s directors will return $735m to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court.

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017.

Continue reading...

Twitter owes ex-employees $500m in severance, lawsuit claims

Posted on by

Former head of employee benefits files proposed class action over workers laid off after Elon Musk acquired company

Twitter allegedly refused to pay at least $500m in promised severance to thousands of employees who were laid off after Elon Musk acquired the company, a lawsuit filed on Wednesday claims.

Courtney McMillian, who oversaw Twitter’s employee benefits programs as its “head of total rewards” before she was laid off in January, filed the proposed class action in San Francisco federal court.

Continue reading...

Elon Musk goes low against Zuckerberg as Twitter-Threads spat intensifies

Posted on by

Twitter owner calls Facebook founder a ‘cuck’ as rancour grows over launch of Threads, a competitor to Musk’s network

Twitter owner Elon Musk has suggested he and Mark Zuckerberg should have “a literal dick-measuring contest” in the latest broadside aimed at his rival billionaire.

In a message inspired by the Meta chief executive’s launch last week of Threads, a Twitter competitor, Musk added a ruler emoji.

Continue reading...

Twitter threatens to sue Meta over launch of rival Threads app

Posted on by

In a letter to CEO Mark Zuckerberg, a lawyer for the Elon Musk-owned app said Meta had unlawfully misappropriated trade secrets

Twitter has threatened to sue Meta over its new Threads app, which Mark Zuckerberg has openly billed as a rival, claiming the company has violated Twitter’s “intellectual property rights”.

In a letter to CEO Mark Zuckerberg, first published by the news outlet Semafor, a lawyer for Twitter said the company “has serious concerns that Meta Platforms (Meta) has engaged in systematic, willful and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”.

Continue reading...

Twitter faces lawsuit over alleged non-payment for office services in four countries

Posted on by

Australia-based company Facilitate seeks more than A$1m for work done at offices in London, Dublin, Sydney and Singapore

Twitter is facing another lawsuit after the company was accused of failing to pay for services for offices in London, Dublin, Sydney and Singapore.

Sydney-based infrastructure company Facilitate is seeking a collective payment over A$1m ($666,000) across the three businesses in alleged owed payments dating back to October last year, when Elon Musk bought Twitter.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

Euclid telescope lifts off in search of the secrets of dark universe

Posted on by

European Space Agency mission launches on SpaceX rocket from Florida to shed light on dark energy and dark matter

A European-built orbital satellite was launched into space on Saturday from Florida on a mission to shed new light on dark energy and dark matter, the mysterious cosmic forces scientists say account for 95% of the known universe.

The Euclid telescope, named for the ancient Greek mathematician known as the “father of geometry”, was carried in the cargo bay of a SpaceX Falcon 9 rocket which blasted off about 11am EDT (1500 GMT) from Cape Canaveral Space Force station. A live stream of the liftoff was shown on Nasa TV.

Continue reading...

Australia’s eSafety umpire issues legal warning to Twitter amid rise in online hate

Posted on by

Julie Inman Grant says platform has ‘dropped the ball’ on tackling ‘peddlers of outrage’

Australia’s eSafety commissioner says Twitter has “dropped the ball” on tackling online hate and has issued a legal notice to the social media giant demanding an explanation about what it is doing about the scourge.

The commissioner, Julie Inman Grant, said there have been more complaints about online hate on Twitter in the past year than any other platform, and complaints have spiked since Elon Musk’s takeover of the company in October.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...