Elon Musk
Elon Musk Says Donald Trump Will Be Allowed Back on Twitter
Elon Musk says Donald Trump will be welcomed back to Twitter once he takes ownership of the social media platform later this year. Speaking at a Financial Times conference on Tuesday, Musk described Twitter’s decision to permanently ban Trump as “morally bad” and “foolish in the extreme.” “I do think it was not correct to ban Donald Trump. I think that was a mistake,” Musk said. “It alienated a large part of the country, and did not ultimately result in Donald Trump not having a voice.” Advertisement Related Video Instead, Musk argued, by banning Trump, Twitter risked creating a “frankly worse” forum, where disagreeing voices never have an opportunity to engage. In fact, Musk said he will likely lift all permanent bans on Twitter, and instead issue temporary suspensions or hide individual ...
‘Decentralized Twitter’ Bluesky releases code, outlines content moderation
Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on the network. Former Twitter CEO Jack Dorsey first announced Bluesky back in late 2019, but the project went independent in February after receiving $13 million worth of funding from Twitter. However, Dorsey is still a member of the board. Bluesky released its “Authenticated Data eXperiment” (ADX) protocol code via a May 5 blog post titled “Working in Public.” The team noted that it will be publicly sharing the process of developing the platform by “releasing work before it’s complete, but also giving ourselves time to workshop new directions at early stages.” Today we’re open-sourcing the Authenticated Data eXperiment (ADX) to begin working in public....
Binance commits $500M to co-invest in Twitter with Elon Musk
Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On May 5, Musk filed an amended general statement of the acquisition, announcing that Twitter received an aggregate of about $7.2 billion in new financing commitments in connection with the merger agreement, subject to the conditions in co-investor equity commitment letters. According to the document, Binance is one of 18 co-investors in the acquisition alongside major crypto industry players like Sequoia Capital Fund and Fidelity Management and Research Company. Having invested $500 million, Binance is the fourth biggest contributor, following Lawrence J. Ellison Revocable Trust, which invested $1 billion. Sequ...
Elon Musk “Stop Hitting On Me” Response To Alexandria Ocasio-Cortez Shows He Has The Maturity Of A Teen
HipHopWired Featured Video Source: Anadolu Agency / Getty A lot of people are understandably concerned about Elon Musk‘s purchase of Twitter because we all know that when privileged white men start talking about “freedom of speech,” they tend to be specifically fighting for the freedom to be ignorant, bigoted and prone to ridiculous conspiracy theories that trade critical thinking for pseudo-intellectualism. And if Musk was looking to prove that he isn’t trying to return the platform to its pre-Trump ban roots of being a dumping ground for remedial dude-bros with all the intellectual prowess of a deer galloping toward headlights, he’s not getting off to a good start with his response to congresswoman Alexandria Ocasio-Cortez. Related Stories On Friday, AOC tweeted out her concerns about Tw...
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. ...
