Elon Musk
Elon Musk Might Start Charging You to Embed or Quote Tweets
Elon Musk may be worth $246 billion, but he still took out loans to finance his $44 billion purchase of Twitter. In order to secure the cash, Reuters reports the mogul pitched banks a multitude of strategies to cut costs and make more money for Twitter, including reducing executive salaries and charging a fee for embedding and quoting tweets. Musk secured $13 billion in loans against Twitter and a $12.5 billion margin loan tied to his Tesla stock. In his proposal to lenders, the businessman argued that Twitter has a lot of room to make more money, pointing to a gross margin that ranks much lower than competitors like Facebook and Pinterest. In order to play catch up, Musk proposed profiting off of Twitter’s penchant for spreading both viral memes and important information by charging third...
“Welcome To The Slave House”: Another Black Employee Has Filed A Racial Discrimination Lawsuit Against Telsa
HipHopWired Featured Video Source: JOSH EDELSON / Getty There are a number of reasons people, particularly Black people, have concerns when it comes to Elon Musk’s acquisition of Twitter. But all of his Trump-backing and “free speech” advocacy (which we all know will inevitably include hate speech and dangerous propaganda and misinformation) aside, Black folks are wary because Musk is responsible for Telsa and Telas has Black employees by the thousands accusing the company of racism. And that hasn’t changed as yet another Black Telsa employee has recently filed yet another racial discrimination lawsuit against the company. According to the San Jose Mercury News, Black Telsa employee Raina Pierce filed the suit on Friday suit claiming, among other things, that the manager at the Telsa ...
Twitter Acknowledges Mass Deactivations Following Elon Musk Purchase
Twitter has acknowledged mass deactivations following Elon Musk’s purchase of the company. A representative for Twitter told NBC News that the trend was an “organic” occurrence among users. The drop-off has been most pronounced in large accounts. Barack Obama, the most-followed user on Twitter, shed more than 300,000 followers after Monday’s news. Katy Perry, Twitter’s third-most popular account, lost more than 200,000 followers. So are hundreds of thousands of people all singing “Bye, Bye, Birdie?” Not necessarily. To start, conservative accounts are experiencing a surge in new followers, mostly from freshly-created accounts. Rep. Marjorie Taylor Greene gained over 100,000 new follows, while far-right Brazilian President Jair Bolsonaro added 90,000 of his own. Advertisement Rela...
Shaun King Deactivating Twitter Over Elon Musk Rumor Seemingly Debunked, MAGA Twitter Still Celebrating
HipHopWired Featured Video CLOSE Source: MediaNews Group/Reading Eagle via Getty Images / Getty Shaun King is a great many things to people, some of which might be considered unsavory depending on where one stands, but he never figured to be one to prematurely silence himself. After a conservative Trump stan and certified MAGA nutball shared that King deactivated his Twitter page, the rumor was swiftly debunked. This past Monday (April 25), conservative alt-right figure Jack Posobiec posted a tweet declaring that King deactivated his Twitter account, presumably due to Elon Musk’s pending purchase of the popular social media tool. “BREAKING: @ShaunKinghas deleted his Twitter account,” read the tweet. With immediacy, the MAGA faithful chimed in with their unoriginal commentary and slander, u...
Alexander Scamilton aka Shaun King Deletes Twitter Because Of Elon Musk, Slandered In Absentia
HipHopWired Featured Video CLOSE Source: MediaNews Group/Reading Eagle via Getty Images / Getty Shaun King has left Twitter, again. This time the controversial activist has seemingly departed in lieu of billionaire Elon Musk’s purchase of the social media app—but it hasn’t stopped him from getting slandered by all sectors of Twitter in his absence, but one in particular. Before it was reported that Twitter accepted Musk’s offer to buy the company for $44 billion, King railed against the idea. “At its root, Elon Musk wanting to purchase Twitter is not about left vs right. It’s about white power,” tweeted King. “The man was raised in Apartheid by a white nationalist. He’s upset that Twitter won’t allow white nationalists to target/harass people. That’s his definition of free speech.” Hey, ev...
Phony Stark: The Fact And Fiction Behind Elon Musk
HipHopWired Featured Video Source: picture alliance / Getty Elon Musk’s purchase of the social media platform Twitter has gotten a lot of attention and some worry. But we’re here to separate the fiction from the facts with regards to the billionaire. Techpreneur billionaire Elon Musk is taking center stage once again after his acquisition of Twitter on Monday (April 25) caused shockwaves around the globe. Many expressed concerns about the South African-Canadian’s intentions behind buying the influential social media platform and what he plans to do if shareholders approve the $44 billion purchase of the company. It’s notable that many right-wing pundits including those on Fox News and far-right extremists were celebrating the news as “reclaiming free speech,” hoping that former President D...
Phony Stark: The Fact And Fiction Behind Elon Musk
HipHopWired Featured Video Source: picture alliance / Getty Elon Musk’s purchase of the social media platform Twitter has gotten a lot of attention and some worry. But we’re here to separate the fiction from the facts with regards to the billionaire. Techpreneur billionaire Elon Musk is taking center stage once again after his acquisition of Twitter on Monday (April 25) caused shockwaves around the globe. Many expressed concerns about the South African-Canadian’s intentions behind buying the influential social media platform and what he plans to do if shareholders approve the $44 billion purchase of the company. It’s notable that many right-wing pundits including those on Fox News and far-right extremists were celebrating the news as “reclaiming free speech,” hoping that former President D...
Twitter Founder Jack Dorsey Posts Radiohead Song to Express Feelings About Elon Musk
Twitter co-founder Jack Dorsey has a lot of feelings about Elon Musk buying his company, and like many 45-year-old men with questionable beard games, he chose to express himself in the form of a Radiohead song. And while close readers might attempt to find evidence of satire in the choice, Dorsey seemed to show his support for Musk when he tweeted out the Kid A track, “Everything in Its Right Place.” Before Musk’s purchase, Dorsey owned a little more than 2% of Twitter, and while he maintained a seat on the board, he was expected to leave that post next month. As he explained in a Twitter thread, he sees Musk as the right man to continue his work. “I love Twitter. Twitter is the closest thing we have to a global consciousness,” he wrote in explanation of his Radiohead post. ...
New York Times Documentary Elon Musk’s Crash Course to Examine Tesla Autopilot Deaths
The documentary series The New York Times Presents has announced Elon Musk’s Crash Course, which aims to examine Tesla’s artificial intelligence system Autopilot, and “how Autopilot has been a factor in several deaths and dozens of other accidents that Tesla has not publicly acknowledged.” It premieres May 20th on Hulu and FX. Musk has called self-driving cars a “solved problem,” and he’s made A.I. part of the central pitch at Tesla. Earlier this year, he hyped up investors with Tesla’s burgeoning robotics program, the intelligence for which will build on Autopilot. Musk said these robots have “the potential to be more significant than the vehicle business, over time.” But even as he continues to expand the applications for the Autopilot system, Elon Musk’s Crash Course...
Elon Musk Buys Twitter, Black Twitter Keeps Eye On The Jig, MAGA Twitter Elated
HipHopWired Featured Video CLOSE Source: SOPA Images / Getty As expected, Elon Musk just purchased Twitter. The founder of SpaceX and CEO of Tesla reportedly purchased the social media app for a cool $44 billion, but not everyone is celebrating. According to the New York Times, Musk and the Twitter board secured the deal after much wrangling. Twitter agreed to sell itself to Mr. Musk for $54.20 a share, a 38 percent premium over the company’s share price this month before he revealed he was the firm’s single largest shareholder. It would be the largest deal to take a company private — something Mr. Musk has said he will do with Twitter — in at least two decades, according to data compiled by Dealogic. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town s...
Donald Trump Says He Won’t Use Twitter Even if Elon Musk Unbans His Account
In what may be Donald Trump’s most popular action since appearing in Home Alone 2, the former President has pledged that he will not use Twitter, not even if the platform’s new owner Elon Musk unbans his account. As Trump explained to Fox News, the decision does not represent either changing interests or a newfound ability to shut the fuck up. No, after Trump’s permanent ban following the failed January 6th insurrection, the longtime Twitter addict did something rather committal while in the throws of his withdrawal, spending a small fortune on building his own social media platform. This new hangout changed almost nothing about Twitter’s design, except for using the Orwellian name TRUTH Social and instituting new rules preventing users from making fun of Trump. TRUTH Social laun...
Elon Musk buys Twitter for $44B — crypto industry reacts
In the hours and days before Tesla CEO Elon Musk’s purchase of social media giant Twitter, discussions on free speech were common among many online users both in and out of the crypto industry. Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Musk to purchase the firm’s stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators. In one of his last tweets prior to news of the purchase becoming public, Musk said, “I hope that even my worst critics remain on Twitter because that is what free speech means.” Twitter quoted the Tesla CEO saying “free speech is the bedrock of...
