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☆ Elon Musk's X suspends some India accounts after order from Modi government
▼ + stars: | 2024-02-22 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +3 min

Elon Musk's social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by the government. X said it did not agree with the order but failure to comply would subject the company to "potential penalties including significant fines and imprisonment." Tens of thousands of Indian farmers — mostly from the northern state of Punjab — have been protesting since mid-February in renewed calls for better crop prices which were promised to them in 2021. In October, the Modi government warned Musk that X would have to comply to country's new and upcoming IT rules. However, it has written an appeal challenging the Indian government with accounts that are pending to be blocked, the company said.

Persons: Elon, X, Jack Dorsey —, Musk —, Narendra Modi's, Modi, Musk, Naman Tandon Organizations: Global Government Affairs, CNBC, country's Ministry of Information, Broadcasting, Reuters, Twitter Locations: Punjab, Haryana, Ambala, India, New Delhi, Delhi, Pakistan, Sri Lanka

☆ Jack Dorsey showed up to the Super Bowl rocking a 'Satoshi' t-shirt
▼ + stars: | 2024-02-12 | by ( Lina Batarags | ) www.businessinsider.com time to read: +3 min

Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.

Persons: Jack Dorsey, Satoshi, —, It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter

☆ How Young Entertainment Professionals — founded by a former agency assistant — is helping Hollywood up-and-comers chart careers amid disruption
▼ + stars: | 2024-01-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Young Entertainment Professionals is an online community of more than 10,000 early-career professionals in Hollywood. Young people in the entertainment industry vented that their career growth was stymied by forces outside of their control. At YEP events, Romero added, "there's always people that come up to me who are like, 'When I moved to LA, I didn't know anybody.' In 2023, a Netflix creative assistant founded the monthly newsletter The Hollywood Assistant, telling BI that newcomers have "no blueprint" for how to chart a course to steady employment and success. "They can help through the hard times that we have been having in the industry," Romero concluded.

Persons: Trevor Romero, It's, isn't, he's, Romero, there's, they've, —, people's, Kai Dorsey —, YEP Organizations: Young Entertainment, UTA, Hollywood, LinkedIn, Facebook, United Talent Agency, Business, Paramount, Gersh Agency, Entertainment Partners, BI Locations: Hollywood, California, New York, LA, tatters, Los Angeles

☆ Jack Dorsey took aim at Meta's Threads and accused it of ripping off Twitter: 'We wanted flying cars, instead we got 7 Twitter clones'
▼ + stars: | 2023-07-07 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Jack Dorsey criticized Meta's Threads saying it is a 'Twitter clone' and lacks any originality. The Twitter co-founder claimed that various social media platforms have imitated Twitter. Jack Dorsey has taken another swipe at Meta's hot new app, Threads, bemoaning its lack of originality and calling it one of the many "clones" trying to imitate Twitter. Dorsey, Twitter's co-founder and former CEO, tweeted his complaints about Threads on Thursday saying: "We wanted flying cars, instead we got 7 Twitter clones." The image shows how similar the interface of platforms like Threads, Twitter, Mastodon, Bluesky — a decentralized social network made by Dorsey — and Not Boring are.

Persons: Jack Dorsey, Meta, Dorsey, Twitter's, Andy Allen, Dorsey —, Elon Musk, Mark Zuckerberg Organizations: Twitter, Facebook

☆ Mark Zuckerberg just launched the Twitter killer Threads app and wants to get '1 billion+ people on it'
▼ + stars: | 2023-07-06 | by ( Huileng Tan | Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Over 5 million users signed up for Threads in the first four hours of its launch, per Meta CEO Mark Zuckerberg. Meta CEO Mark Zuckerberg ratcheted his rivalry with Twitter owner Elon Musk as Meta rolled out its Threads app to users in 100 countries on Wednesday. Over five million users signed up for the app in the first four hours of its launch, Zuckerberg posted on Threads. The app somewhat resembles Twitter, leading Zuckerberg to post his first tweet in a decade — the famed Spider-Man pointing at Spider-Man meme. To be sure, Meta's Threads isn't the only game in town trying to the Twitter Killer.

Persons: —, Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Meta, Instagram, Billy Duberstein, Jack Dorsey —, Donald Trump's, Matthew Loh, Duberstein, Insider's Sydney Bradley, Amanda Perelli Organizations: Twitter, European Union, Bloomberg, Meta, Stone Oak Capital

☆ Short sellers haven't profited a lot from Hindenburg Research's salvo against Carl Icahn's investment firm
▼ + stars: | 2023-05-04 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Short sellers haven't profited significantly from Hindenburg Research's recent report against Icahn Enterprises. That's because Wall Street investors remain hesitant to place bets against the billionaire owner Carl Icahn, Bloomberg reported. Short sellers have made just $9 million in mark-to-market profit, per S3 Partners data. Hindenburg also alleged that the company is "using money taken in from new investors to pay out dividends to old investors." The short seller's report on Gautam Adani's company shaved tens of billions off of its market cap and dealt a huge blow to the billionaire's net worth.

☆ Activist investor Carl Icahn's wealth plunged by $10 billion after a short-seller accused his company of running a 'Ponzi-like' structure
▼ + stars: | 2023-05-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Hindenburg Research released a report alleging "Ponzi-like" economic structures at Icahn Enterprises. Shares of Icahn Enterprises closed 20% lower at $40.36 on Tuesday. Activist investor Carl Icahn's wealth plunged by $10 billion on Tuesday after Hindenburg Research — a short-seller that took on one of Asia's richest men earlier this year — targeted Icahn Enterprises with a scathing report. As Icahn derives his wealth from an 89% stake in Icahn Enterprises, his fortune was hit by the rout. Insider was unable to reach Icahn Enterprises via phone outside regular business hours.

☆ Report claims 'criminal activity and fraud run rampant' on Cash App—what users need to know
▼ + stars: | 2023-03-24 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +1 min

A new report from Hindenburg Research, a short seller investment firm, released Thursday has accused Block — the company formerly known as Square, founded by Jack Dorsey — of allowing crime and fraud to "run rampant" on its peer-to-peer payment app, Cash App. The report alleged that Block inflated its customer growth, allowed fake accounts to thrive and dodged revenue regulations — an accusation that triggered a Securities Exchange Commission (SEC) investigation. Hindenburg claims it was able to open fake accounts on Cash App under names Donald Trump and Elon Musk. Block called the report "factually inaccurate" in a statement, and says it is complying with the SEC and exploring legal action against Hindenburg. It's worth noting last March, Block revealed it was the subject of a Consumer Financial Protection Bureau (CFPB) investigation over the way Cash App handles user complaints.

☆ OpenAI CEO Sam Altman takes diabetes drug metformin as part of his anti-aging routine
▼ + stars: | 2023-03-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

OpenAI CEO Sam Altman takes the diabetes drug metformin to slow down aging. Metformin is a decades-old drug that is prescribed to millions of people with diabetes, CNBC reported. In addition to the drug, Altman's said his anti-aging regimen includes "trying to eat healthy, exercise, and sleep enough," per the MIT Technology Review. The company uses genetic engineering and plasma replacement to make cells younger, per the MIT Technology Review. Altman secretly poured $180 million dollars into Retro Bioscience's death-delaying treatment, the MIT Technology Review reported.

☆ The 50 fashion, beauty, and lifestyle companies set to take off and become the next great direct-to-consumer brands, according to The Lead
▼ + stars: | 2023-01-30 | by ( Danni Santana | ) www.businessinsider.com time to read: +9 min

HydrowWhat it is: indoor rowing machineTotal capital raised: $255 million22. ipsaWhat it is: fine frozen dinners made to be heated on stove tops or in ovensTotal capital raised: Undisclosed23. MadhappyWhat it is: fashion and lifestyle brand focused on creating conversation around mental healthTotal capital raised: $1.8 million28. MugsyWhat it is: online retailer best known for its jeansTotal capital raised: None32 .Oliver CabellWhat it is: luxury footwear minus the markupsTotal capital raised: None33. The Normal BrandWhat it is: lifestyle brand that sells rugged clothing for men and women inspired by the MidwestTotal capital raised: None46. Win Brands GroupWhat it is: holding company with brands selling outerwear, home goods, and candlesTotal capital raised: $90 million50.

☆ Twitter founder Jack Dorsey to be deposed in Twitter v. Musk case
▼ + stars: | 2022-09-19 | by ( Clare Duffy | Cnn Business | ) edition.cnn.com time to read: +1 min

New York (CNN Business) Twitter co-founder and former CEO Jack Dorsey will be questioned on Tuesday morning by lawyers for the company and Elon Musk as part of the court fight over their $44 billion acquisition deal, according to a notice of a deposition filed Monday. Twitter TWTR Musk in July moved to terminate the deal over claims that the company has misrepresented the number of fake and spam accounts on its platform, andquickly sued Musk to follow through with the agreement. Prior to Musk's move to end the deal, Dorsey had spoken positively about the prospect of a Musk takeover of Twitter. Shortly after the acquisition was announced, Dorsey tweeted : "Elon is the singular solution I trust. The deposition comes as Musk's team expands its case against Twitter.

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