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☆ 2022 was the year the Overconfidence Man fell back to earth
▼ + stars: | 2022-12-29 | by ( Maureen Tkacik | ) www.businessinsider.com time to read: +22 min

Naturally, Elon Musk, the platonic ideal of the peculiar self-aggrandizing, self-parodying personality type that thrived during the Trump years and peaked during the pandemic, tops this list. By 2022, the media had pronounced him variously the next Warren Buffett, J.P. Morgan and Charles Koch. "bye bye @trussliz Congrats to lettuce", tweeted Putin's one-time stand-in Dmitry Medvedev, to which Elon Musk could not resist replying, "pretty good troll tbh." Elon Musk speaks at the 2020 Satellite Conference and Exhibition in March 2020. Elon MuskIt's weird to recall now that Elon Musk once seemed like, graded on the billionaire curve anyway, a net positive for a cursed American society.

☆ Here are the most shocking details of how FTX misused funds and treated customer money as its own private ATM, according to CFTC findings
▼ + stars: | 2022-12-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

FTX customer funds were comingled with Alameda since the beginning of the exchange's inception, according to a recent CFTC complaint. When Alameda's external loans were called in, FTX customer funds were used to cover the debts. The complaint also alleges Bankman-Fried, his parents, and some employees used customer funds for personal purchases and loans. Under the direction of Bankman-Fried, FTX customer funds were further used to cover the debt. It has also become clear that the flashy ad and sports campaigns were funded by customer deposits.

☆ I write and direct Christmas movies. It's easy to fall into a formula — this is how we try and keep ours fresh.
▼ + stars: | 2022-12-23 | by ( Jack Needham | ) www.businessinsider.com time to read: +7 min

Sandra L. Martin says it's a "huge challenge" to keep Christmas movies "fresh." I've directed 12 films so far, and I've done three Christmas movies in the past two years. I hadn't made a Christmas movie until 2020When COVID-19 locked everybody down, all of our work was canceled. Keeping Christmas movies fresh is a huge challengeIt's easy to fall into a formula where someone moves from the big city to a small town. Christmas movies are now an industry, and a booming industry at that.

☆ Elon Musk says Twitter will only let paying Blue subscribers vote in policy-related polls after users voted to oust him as CEO
▼ + stars: | 2022-12-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Twitter users on Monday voted in a public poll to oust Elon Musk as the social media company's CEO. Following that, Musk said henceforth only paying Twitter Blue subscribers will be able to vote on policy-related matters. Over 10 million, or 57.5% of 17.5 million Twitter users who participated in the poll voted for Musk to step down as the CEO. I will abide by the results of this poll," Musk had tweeted on Sunday while posting the poll. The last week has been especially tumultuous for Twitter users after a series of snap changes at the platform.

☆ PGA Tour Fesses Up on Private Jet Perks for Its Commissioner
▼ + stars: | 2022-12-19 | by ( Mark Maremont | ) www.wsj.com time to read: 1 min

The PGA Tour disclosed in its 2021 tax filings that commissioner Jay Monahan flies on private jets for all of his personal and business travel, and that the nonprofit golf league also may offer personal travel on private jets to other top officials. The new disclosures contrasted with prior years, when the Tour had said that in “limited cases,” top executives “may utilize charter or first class travel for business,” citing security, privacy or efficiency reasons. The prior filings made no mention of any personal private-jet travel provided by the nonprofit.

☆ The 'crazy stalker' Elon Musk said was following 'assassination coordinates' in Los Angeles was an Uber Eats driver with an interest in Grimes, WaPo reports
▼ + stars: | 2022-12-19 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The Washington Post found the man who encountered Elon Musk's security at a Los Angeles gas station. Collado told the Post that he arrived at the gas station while making deliveries and to visit a friend. In videos obtained by the Post from Collado himself, Collado can be seen walking in front of a car driven by Musk's security guard. The gas station manager told the Post that the South Pasadena Police Department responded to the incident. Madero said that although his unit has not obtained proof that Collado used jet tracking to locate Musk's security guards, it could be a possibility.

Twitter will no longer allow users to promote their accounts on at least seven other major social media sites, including Facebook, Instagram and Truth Social, the platform announced Sunday. "We recognize that many of our users are active on other social media platforms. However, we will no longer allow free promotion of certain social media platforms on Twitter," Twitter Support tweeted Sunday. Twitter’s rule change left out some major social media platforms, most notably TikTok. Other social media companies have few, if any, rules about users’ posting links to their accounts on other platforms.

☆ Elon Musk restores Twitter accounts of journalists but concerns persist
▼ + stars: | 2022-12-17 | by ( Sheila Dang | ) www.reuters.com time to read: +6 min

Dec 17 (Reuters) - Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire's plane. A Twitter poll that Musk conducted later also showed that a majority of the respondents wanted the accounts restored immediately. Accounts who doxxed my location will have their suspension lifted now," Musk said in a tweet on Saturday. A Reuters check showed the suspended accounts, which included journalists from the New York Times, CNN and the Washington Post, have been reinstated. Musk accused the journalists of posting his real-time location, saying it amounted to providing "basically assassination coordinates" for his family.

☆ Europe condemns Elon Musk suspending journalists from Twitter, warns of 'red lines'
▼ + stars: | 2022-12-17 | by ( Leila Sackur | ) www.nbcnews.com time to read: +6 min

Musk reinstated the suspended journalists early Saturday after a Twitter poll, but he had already drawn rebukes from the European Union and United Nations. “The EU’s Digital Services Act requires respect of media freedom and fundamental rights. officials have also estimated they will add more than 100 full-time staff by 2024 to enforce the Digital Services Act and other new rules on digital competition. “The Digital Services Act is unprepared for this kind of problem, because it’s not designed for that,” said Downing, speaking of Thursday’s suspensions of tech journalists. “There was never a conception that journalists would be banned from Twitter, because that’s not what Twitter does,” he added.

☆ Democrats criticize Elon Musk for suspending journalists covering Twitter
▼ + stars: | 2022-12-16 | by ( Amanda Terkel | Amanda Is Senior Politics Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

WASHINGTON — Democratic members of Congress had harsh words for Elon Musk on Thursday night after Twitter suddenly suspended a number of high-profile journalists who have been covering the company and Musk, its billionaire CEO. In November, shortly after he took over Twitter, Musk tweeted that he would not ban the account. Musk tweeted Thursday night. "Ro Khanna is great," Musk tweeted in response to one of some of the Twitter files. Rep. Eric Swalwell, D-Calif., tweeted: "Twitter can suspend whoever it wants.

Twitter suspended several high-profile journalists Thursday evening who have been covering the company and Elon Musk. The suspensions come a day after Twitter changed its policies around accounts that track private jets, including one owned by Elon Musk. The Twitter account for Mastodon, a platform billed as an alternative, was also suspended early Thursday evening. As of Thursday evening, Twitter accounts operated by NBC News journalists were unable to tweet a link to the Mastodon account of @ElonJet. The suspensions add to what has been a tumultuous couple of days for Twitter after the company first suspended the account that tracked Musk’s jet.

☆ Elon Musk and Donald Trump are trying new ways to dodge jet tracking — but it's not a 'silver bullet'
▼ + stars: | 2022-12-16 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com time to read: +5 min

LVMH CEO Bernard Arnault is one: He recently sold his private aircraft so "no one can see where I go," and he now rents jets instead. The program allows private aircraft owners to block their planes from being publicly shown on websites like FlightAware and FlightRadar24, which use FAA data. Puma/Jay Z's jet tracked on ADS-B Exchange with LADD indicator. Sweeney's Elon Jet Twitter bot also recorded the flight. Elon Musk's private jet flight with PIA flag, tracked by Jack Sweeney.

☆ Elon Musk's Twitter suspension of journalists draws global backlash
▼ + stars: | 2022-12-16 | by ( Sheila Dang | ) www.reuters.com time to read: +3 min

loadingRoland Lescure, the French Minister of Industry, tweeted on Friday that following Musk's suspension of journalists, he would suspend his own activity on Twitter. loadingThe German Foreign Office warned Twitter that the ministry had a problem with moves that jeopardized press freedom. The suspensions stemmed from a disagreement over a Twitter account called ElonJet, which tracked Musk's private plane using publicly available information. On Wednesday, Twitter suspended the account and others that tracked private jets, despite Musk's previous tweet saying he would not suspend ElonJet in the name of free speech. Then on Thursday evening, several journalists including from the New York Times, CNN and the Washington Post were suspended from Twitter with no notice.

☆ Elon Musk suspended his jet tracker's Twitter account for sharing public information about his whereabouts, then shared a person's license plate with his 121 million followers
▼ + stars: | 2022-12-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Musk has allowed some controversial users back onto Twitter, including former president Donald Trump and satire publication The Babylon Bee. "Any account doxxing real-time location info of anyone will be suspended, as it is a physical safety violation," Musk tweeted on Wednesday. Some Twitter users have accused Musk of changing Twitter's terms to target Sweeney's account. Hours later, Musk posted a video that he claimed showed the "stalker" and included the driver's license plate. Sweeney told Insider that he planned to continue sharing the whereabouts of Musk's jet on other platforms, including Instagram, Discord, and Mastodon.

☆ After banning the college student who tracked Elon Musk's jet, Twitter also banned sharing links to his jet tracker accounts on other social media platforms
▼ + stars: | 2022-12-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The college student who tracked Elon Musk's jet on Twitter had over 30 of his accounts banned on Wednesday. Twitter also blocked anyone from sharing links to Sweeney's accounts on other platforms. In addition to blocking the Twitter account that tracked Musk's jet, the platform has also banned sharing links to Sweeney's @elonmusksjet Instagram account and his "Elon Musk's Jet" Facebook page. Twitter has blocked sharing links to Instagram and Facebook pages that track his private jet. Sweeney, who previously said his account had been "shadow-banned," also said he planned to continue tracking Musk's jet on other platforms.

☆ Parents of Sam Bankman-Fried face scrutiny over their roles in FTX
▼ + stars: | 2022-12-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Now, Joseph Bankman and Barbara Fried, the FTX founder’s parents, may face legal troubles of their own. Bankman-Fried’s lawyer declined to comment when asked about scrutiny of his parents. The new CEO of FTX is John Ray III, a restructuring expert tasked with shepherding the company through its complex bankruptcy. They have told friends that their son’s legal bills will likely wipe them out financially, according to the paper. A judge ordered that Bankman-Fried must remain in custody after denying a request for bail, calling him a flight risk.

☆ US lawmakers want answers on FTX's collapse. Sam Bankman-Fried may not have them.
▼ + stars: | 2022-12-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But first, we are going to hear more from Sam Bankman-Fried this week, even if you think we've already heard quite enough from him. Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee on December 8, 2021 in Washington, DC. Disgraced FTX founder Sam Bankman-Fried, who said he once considered himself a "model CEO," tweeted last week that he would testify before tomorrow's House Financial Services committee hearing focused on his firm's blowup. FTX's new CEO, John J. Ray III, who oversaw the bankruptcy of Enron, will testify in the first part of the hearing. A private lunch with the billionaire is on the table if you're willing to pony up the cash.

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

☆ Netjets will be the first customer for Bombardier's new $78 million private jet, the world's fastest passenger plane since the Concorde — meet the Global 8000
▼ + stars: | 2022-12-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

Although many private charter companies may not adopt the configuration, it may prove to be a good option for corporations buying private jets for company travel. The Nuage Cube is a multi-purpose piece of furniture that can be used as a footrest, stool, or small table, and has been introduced as part of the executive cabin.

“In terms of thinking about what the mid- and long-term goals should be…the task force has been focused on facilitation networks, procurement networks, money-laundering networks,” he said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Mr. Bonham-Carter worked primarily as a property manager for the Russian oligarch, according to the indictment. Bonham-Carter is a U.K. citizen, living in the U.K., arrested in the U.K.,” Mr. Adams said. In some cases, OFAC may not add companies that prosecutors deem are subject to the control of sanctioned oligarchs, he said.

☆ Superyacht rentals, private jets and a soccer-themed hotel: Dubai is cashing in on the Qatar World Cup
▼ + stars: | 2022-11-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

A yacht that can be rented to watch the World Cup while sailing around Dubai is docked in Dubai harbor on November 1, 2022, ahead of the Qatar 2022 FIFA World Cup football tournament. Paul Griffiths, CEO of Dubai Airports, in August called Dubai "the major gateway" to the World Cup and predicted it would see more tourists than Qatar itself. Getty Images | A general view of the West Bay area ahead of the FIFA World Cup Qatar 2022 at on November 18, 2022 in Doha, Qatar. "Its tourism infrastructure and straightforward entry requirements make it a convenient base for World Cup fans." Dubai, meanwhile, as a city has more than 140,000 hotel rooms, according to hotel data firm STR.

☆ Former SpaceX employees file labor complaints alleging retaliatory firings by Elon Musk's company
▼ + stars: | 2022-11-17 | by ( Michael Sheetz | ) www.cnbc.com time to read: +1 min

Former employees of SpaceX have filed federal complaints against the company, alleging Elon Musk's venture illegally fired them in response to the concerns they expressed, including about sexual misconduct allegations directed at the CEO. Eight complaints, filed on Wednesday with the National Labor Relations Board, say the company conducted a "campaign of retaliation and intimidation" in response to employees who internally circulated an open letter to executives. The former employees allege that SpaceX violated the National Labor Relations Act of 1935 by firing them after they spoke up. The complaints also allege that SpaceX terminated four others in July and August "in retaliation" for either drafting or sharing the letter internally. The additional firings followed meetings and interviews with "dozens of employees" where SpaceX "falsely" said "the conversations were attorney-client privileged and could not be disclosed to anyone," according to the complaints.

☆ I tried gourmet food only available on private jets from one charter company and I see why the luxurious flights costs thousands of dollar
▼ + stars: | 2022-11-15 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

According to Qi, any meals served on VistaJet planes are received from the restaurant or vendor on either the day of or the night before to keep the food as fresh as possible. People waiting in line for Nobu in London. Mark Robert Milan/Getty Images

☆ People who fly private jets don't want to return to airlines. But it's costing them a lot more than it used to
▼ + stars: | 2022-11-15 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Many travelers say those are the reasons they ditched airlines for private jets during the past two years of the pandemic. But a new survey shows most of the newly converted aren't ready to return to commercial aviation just yet. Some 94% of those new to the industry said they plan to continue flying privately in the future, according to a survey by the private aviation website Private Jet Card Comparisons. "Users have seen firsthand how private aviation can save time, both at the airport and by using more convenient alternative airports," said Doug Gollan, the website's editor-in-chief, in a press release announcing the results. However, respondents also indicated they may not be flying privately as frequently as they did before.

☆ Demand for private jets remains high, but flyers are not happy about increasing costs
▼ + stars: | 2022-11-14 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand for private jets remains high, but flyers are not happy about increasing costsAccording to a survey by Private Jet Card Comparisons, 94% of respondents who are new to the industry plan to fly on private jets in the future, but less frequently than before. CNBC's Monica Pitrelli explains why.

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