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☆ Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack
▼ + stars: | 2024-08-12 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Shortly after 8:20 p.m., Musk, the billionaire Tesla and SpaceX CEO, blamed a cyberattack for the freezing screens. As the evening went on and the platform struggled to resolve the technical issue, Musk said that the interview would proceed at 8:30 E.T. "This massive attack illustrates there's a lot of opposition to people just hearing what President Trump has to say, but I'm honored to have this conversation," Musk said. In response to CNBC's request for comment about the technical delay, Trump campaign spokesperson Steven Cheung pointed to Musk's X post blaming a potential cyberattack. The glitch was reminiscent of X's technical disaster in 2023 that botched Florida Gov.

Persons: Elon Musk's, Donald Trump, Tesla, Musk, X, Trump, Steven Cheung, Ron DeSantis, Joe Biden Organizations: SpaceX, Florida Gov Locations: Florida

☆ Elon Musk is hosting a live interview with Trump on X, and he's trying really hard to avoid a repeat of the Ron DeSantis campaign launch meltdown
▼ + stars: | 2024-08-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says he's doing multiple "system scaling tests" ahead of his livestream with Donald Trump. Musk's X platform crashed repeatedly when it hosted Ron DeSantis' campaign launch last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like Elon Musk is pulling out all stops to ensure that his upcoming interview with former President Donald Trump on Monday doesn't go awry. "Am going to do some system scaling tests tonight & tomorrow in advance of the conversation with Donald Trump," Musk wrote in an X post on Sunday night.

Persons: Elon Musk, Donald Trump, Ron DeSantis, DeSantis, Trump, —, Elon, Musk, livestreaming Organizations: Service, Business

☆ Musk Tees Up Softball Questions for Trump on X, After Technical Problems
▼ + stars: | 2024-08-12 | by ( Michael Gold | ) www.nytimes.com time to read: +1 min

What was supposed to be Donald J. Trump’s triumphant return to a social-media platform central to his presidency was marred by glitches on Monday night, when a livestreamed conversation on X between Mr. Trump and its owner, Elon Musk, was significantly delayed by technical issues. But once their chat began, 40 minutes after it was scheduled, Mr. Musk’s and Mr. Trump’s newly developed camaraderie was on clear display, with the billionaire tech entrepreneur lobbing softball questions that allowed Mr. Trump to rattle off the talking points that have animated his presidential campaign. The conversation offered little new information about Mr. Trump’s views. Over the course of more than two hours, Mr. Trump attacked Vice President Kamala Harris, his Democratic opponent, as a “phony” who, along with President Biden, failed to address crossings at the U.S. border with Mexico. Mr. Musk bought Twitter in 2022 and rebranded it as X last year.

Persons: Donald J, Trump’s, Trump, Elon Musk, Musk’s, Kamala Harris, Biden, Musk Organizations: Democratic Locations: U.S, Mexico, America

☆ Trump Is Trying to Regain the Spotlight by Returning to X
▼ + stars: | 2024-08-12 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

When Donald Trump was president, he used Twitter to set policy, attack his critics and appeal to his followers. Trump is scheduled to appear tonight at 8 p.m. Eastern on X for an interview with the website’s owner, Elon Musk. For Trump, the event could offer an opportunity to regain some of the spotlight from Harris, whose new and energetic candidacy has forced his campaign to recalibrate its strategy less than three months before Election Day. Polls by The New York Times and Siena College released this weekend showed Harris with leads in Michigan, Wisconsin and Pennsylvania. “When I talk to Trump allies and advisers, many of them view the last three weeks as Trump’s worst sustained performance in a very long time,” Jonathan Swan, our politics reporter, said.

Persons: Donald Trump, Kamala Harris, Trump, Elon Musk, Harris, ” Jonathan Swan Organizations: Trump, The New York Times, Siena College Locations: Michigan , Wisconsin, Pennsylvania

☆ SpaceX repeatedly polluted waters in Texas this year, regulators found
▼ + stars: | 2024-08-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

"In total, the Harlingen region received 14 complaints alleging environmental impacts from the Facility's deluge system," the regulator said in the document. Water deluge systems with flame deflectors diffuse heat, sound and energy generated by orbital test flights and rocket launches. SpaceX ran its first full-pressure test of the water deluge system in July 2023. The company hit new milestones with the test flight and Musk appeared triumphant. NASA chief Bill Nelson congratulated SpaceX on "a successful test flight!"

Persons: SpaceX's, TCEQ, Elon Musk's, Musk, Bill Nelson, SpaceX, Eric Roesch, Roesch Organizations: Boca, Aerospace, SpaceX, Federal Aviation Administration, CNBC, Texas Commission, Environmental, Environmental Protection Agency, Elon Musk's SpaceX, Boca Chica, FAA, EPA, NASA Locations: Brownsville , Texas, U.S, Boca Chica, Harlingen, South Texas, Starbase, Texas, Mars

☆ CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.

Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, —, Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China

☆ Californians are buying fewer Teslas. That could be a bad sign for Elon Musk.
▼ + stars: | 2024-08-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Read previewTesla has a California problem — its residents aren't buying as many of Elon Musk's electric cars as they used to. And California isn't the only place where Tesla's chokehold on the EV market is beginning to slip. Tesla CEO Elon Musk has attributed lackluster sales to high interest rates and economic uncertainty in the US. But, while Tesla's sales are dropping, the EV market as a whole is expanding, including in California. Similarly, data from CNCDA shows that EV sales in California hit their second-highest quarter on record in July.

Persons: —, Tesla, Elon, Elon Musk, Gavin Newsom, Newsom, Noam Galai, Musk, Donald Trump, wouldn't, Ivan Drury, Edmunds, California there's, Brian Moody, Moody Organizations: Service, Golden State, Car Dealers, US, Business, Cox Automotive, California, Forbes, Experian Automotive, SpaceX, Democratic Party, Auto Locations: California

☆ Elon Musk said former X advertisers may have violated the RICO Act. Here's what a RICO attorney thinks about that.
▼ + stars: | 2024-08-11 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Then, in an X post, Musk encouraged companies that have been "systematically boycotted by advertisers" to sue, claiming there could be "criminal liability via the RICO Act." AdvertisementJeffrey Grell, an attorney specializing in RICO, told Business Insider that RICO only deals with unlawful acts and that isn't the case here. "I think that Musk is trying to get some PR mileage out of RICO without actually filing a RICO claim here," Grell said. "If his lawyers thought that he had a civil RICO claim, they more than likely would've brought it in the claim that they filed." Similarly, Grell said advertisers could see competitors pull advertising from Musk's X and think, "'I'm going to get off Twitter.

Persons: —, Elon, Musk's X, Musk, Racketeer, Jeffrey Grell, wouldn't, Grell, didn't, Ørsted, GARM Organizations: Service, Business, Global Alliance, Responsible Media, World Federation, CVS Health, Unilever, Mars, Twitter

☆ Elon Musk's battle with Mark Zuckerberg is looking like a lost cause
▼ + stars: | 2024-08-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Read previewElon Musk might just be losing any hopes he had of one-upping his arch nemesis, Mark Zuckerberg. A lost battleElon Musk is facing a tougher battle with Mark Zuckerberg's social media empire. Beata Zawrzel/Getty ImagesOne of Musk's biggest challenges in turning X into a legitimate rival to Zuckerberg's social media platforms is generating revenue. In Musk's own words, it's a declaration of "war" with the very people he needs to boost falling revenue at X. But none of this helps Musk in its effort to outdo Zuckerberg at his own social media game and widen X's appeal.

Persons: —, Elon, Mark Zuckerberg, wakeboarding —, reputationally, Zuckerberg, Elon Musk, Mark, Beata Zawrzel, Musk's, Musk, Linda Yaccarino, X, it's, Lara O'Reilly, GARM, Tommy Robinson, Robinson, Stephen Yaxley, Lennon —, 4W5ZOssbEY, Josh Self, Kier Starmer, it'll Organizations: Service, SpaceX, Business, Twitter, Musk's, The New York Times, Meta, Global Alliance, Responsible Media, Center, Britain, Financial Times Locations: San Francisco, Meta's, Texas, Southport, Liverpool, Falkland, Britain

☆ UK riots may have peaked, but more trouble could lie ahead
▼ + stars: | 2024-08-10 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

It was meant to be another night of violence at the hands of the far right. “It shows that when everyone comes out to support, their numbers dwindle.”Large crowds gathered at an anti-racism protest in Walthamstow on Wednesday, where far-right violence had been expected. The fury simmering in a subset of White Britain remains a live danger; these riots were shocking, but not entirely surprising. “I normally walk through this city center all the time,” Nadeem Akhtar, 18, told CNN in the northern English city of Sheffield, where angry riots took place. Tommy Robinson, the figurehead of Britain’s far right, was reinstated to X (then Twitter) days after Elon Musk bought the platform.

Persons: ” Ahmed Hussain, ” Nadeem Akhtar, don’t, –, ” Jesse Bernard, ”, we’ve, Ian Forsyth, disruptors, Tommy Robinson, Elon Musk, Robinson, Justin Tallis, provocateur Laurence Fox, Fox, Starmer, Keir Starmer, Musk, Keir ” –, ” Paul James McDermott, “, ” McDermott Organizations: London CNN, Police, CNN, Reuters, Elon, Getty, Britain’s, Downing Locations: Walthamstow, London, Britain, English, Sheffield, Middlesborough, Bristol, British

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow ChatGPT transformed OpenAI from a little-known startup to a leader in AI developmentOpenAI was founded as a nonprofit in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. In 2022, OpenAI gained worldwide recognition when it launched its ChatGPT chatbot. It was the first time that many people were introduced to generative AI and within two months, ChatGPT had 100 million monthly users. OpenAI is now valued at over $80 billion and counts Microsoft as a major investor and partner.

Persons: OpenAI, Sam Altman, Greg Brockman, Elon Musk, ChatGPT Organizations: Microsoft

☆ The rise of OpenAI and Microsoft's $13 billion bet on the AI startup
▼ + stars: | 2024-08-10 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +1 min

OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk. At the time, OpenAI said Musk left to avoid a conflict of interest with his other company, Tesla , which was becoming increasingly focused on AI. In the years since, OpenAI has grown into one of the prominent leaders in AI development. OpenAI now reportedly generates annual revenue of $3.4 billion, and has notable customers, including PwC, Moderna and Estée Lauder. Microsoft has invested about $13 billion into the AI startup.

Persons: Sam Altman, Greg Brockman, Elon Musk, Altman, Brockman, Musk, OpenAI, Estée Lauder Organizations: Tesla, Moderna, Microsoft, Big Tech Locations: OpenAI

☆ Gen Z isn't impressed by Tesla cars. That should worry Elon Musk.
▼ + stars: | 2024-08-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

A recent survey of Morgan Stanley's 2024 interns found that the "Tesla 'cool factor' is cooling" among Gen Zers in the US. Despite competition in the EV market becoming stiffer than ever, Tesla has not majorly refreshed its aging car models in years. AdvertisementInstead, Musk has been pivoting Tesla's future toward robo-taxis, but Gen Z doesn't seem interested. Robo-taxis will likely not be Tesla's saving grace, as 51% of Gen Z interns surveyed said they thought owning or leasing a car would still be necessary by 2030. AdvertisementAnd, for the Gen Z interns surveyed, it probably won't be an EV at all.

Persons: —, Morgan Stanley's, Zers, Morgan Stanley, Mercedes, Ivan Drury, Elon Musk, Drury, Gen Zers, Tesla, Musk, Z Organizations: Service, BMW, Business, EV, McKinsey Locations: Edmunds, Ukraine

☆ Maduro orders 10-day ban on Elon Musk's X in Venezuela after feud with billionaire
▼ + stars: | 2024-08-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Contested Venezuelan President Nicolas Maduro ordered a 10-day ban on social networking site X, cutting off locals' access to the platform after a feud with Elon Musk. And he has violated [the rules], by inciting hatred, fascism, civil war, death and confrontations among Venezuelans, [he] has violated all of the laws of Venezuela. And in Venezuela there are laws ... and we will enforce the laws. Venezuela's National Commission of Telecommunications, or Conatel, will "remove the X social network, previously known as Twitter, out of circulation in Venezuela for 10 days," allowing X to respond, Maduro added. Internet monitoring firm NetBlocks confirmed that X is now restricted in Venezuela following Maduro's order.

Persons: Nicolas Maduro, Elon Musk, Maduro, NetBlocks Organizations: National Electoral Council, CNBC, Twitter, National Commission of Telecommunications Locations: Caracas, Venezuela, Venezuelan, NetBlocks

☆ Maduro says he will block X in Venezuela for 10 days, after spat with Musk over contested election
▼ + stars: | 2024-08-09 | by ( Mauricio Torres | ) edition.cnn.com time to read: +2 min

CNN —Venezuelan President Nicolas Maduro has said he’s taking steps to ban the social media platform X, formerly Twitter, in the country for 10 days, after a public dispute with its owner Elon Musk over the contested election that Maduro claimed to have won. Maduro’s announcement comes after he and Musk publicly exchanged criticism over a Venezuelan election that Maduro claimed to win, but which the United States and other Western countries say he lost. Musk has said on X that “Maduro is not a good guy” and accused him of “major election fraud.” Maduro in return has accused Musk of conspiring against his country. The US said last week “it is clear” that Maduro lost the popular vote in Venezuela’s election, as a key opposition leader said she was in hiding in fear for her life. Protests broke out across Venezuela after the country’s electoral body, which is stacked with regime allies, announced Maduro as the winner with 51% of the votes.

Persons: Nicolas Maduro, Elon Musk, Maduro, he’d, Musk, ”, “, Edmundo González Urrutia, Antony Blinken, Yvan Gil, Edmundo Gonzalez — Organizations: CNN, National Telecommunications Commission, ” CNN, WhatsApp, US, ” Locations: Venezuelan, United States, Venezuela’s, Venezuela

How Online Hatred Toward Migrants Spurs Real-World Violence Social media posts assailing immigrants have fomented a climate of fear and hatred in Britain, Portugal and other countries. It followed months of vitriol on social media that came not only from disgruntled Portuguese, but also from prominent far-right figures inside and outside the country. “It’s not up-to-date for the social media age,” Leo Varadkar, the prime minister then, said. Asked whether he believes his social media posts contribute to violence, Mr. Robinson responded: “I believe the teachings in the Koran contribute to violence. July 29 1:42 p.m.Not much info yet, but it will be a Muslim culprit followed by violence protests 1:49 p.m.

Persons: ”, Rita Guerra, Patience, ” Lee Marsh, “, Elon Musk, X, Musk, TikTok, we’re, ” Tommy Robinson, Donald J, Trump, Joel Finkelstein, Tony Craig, “ It’s, —, ” Leo Varadkar, He now, Ro, rie, Marc, iona, Robinson, e, ari, rance Organizations: YouTube, Spurs, Center for Psychological Research, Italy British, Protesters, Sunderland, PA, Agence France, Institute for Strategic, Elon, Meta, The New York Times, National, Counterterrorism, Security, Network, Research, Staffordshire University, Reuters, Ireland, unc, rit Locations: Portugal, Portuguese, Lisbon, Porto, Britain, Germany, Ireland, Europe, Southport, Liverpool, Syrian, Wales, Italy, The Netherlands, Greenwich, London, United States, Russia, Netherlands, Leeds, Chester, New Jersey, England, Algeria, Dublin, Coolock

☆ Online disinformation sparked a wave of far-right violence in the UK — here's how
▼ + stars: | 2024-08-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

This escalated into days of riots in the U.K. that saw attacks on mosques, immigration centers and hotels that house asylum seekers. The disinformation circulated online tapped into pre-existing biases and prejudice, Ondrak explained, adding that incorrect reports often thrive at times of heightened emotions. Many of the right-wing protestors claim the high number of migrants in the U.K. fuels crime and violence. Ondrak also noted that many groups that had previously circulated false information about the attack had started walking it back, saying it was a hoax. On Wednesday, the U.K. media regulator Ofcom issued a letter to social media platforms saying they shouldn't wait for the new law to come into force.

Persons: Christopher Furlong, Ali, Hannah Rose, Joe Ondrak, It's, Ondrak, it's, ISD's Rose, Rose, Thabo Jaiyesimi, Elon Musk, pushback, Benjamin Cremel Organizations: Riot, Getty, LinkedIn, Institute for Strategic, CNBC, Police, Telegram, Ofcom, Afp Locations: Rotherham, United Kingdom, Southport, Britain, U.K, Walthamstow, London

☆ Elon Musk’s X just sued a nonprofit advertising group out of existence
▼ + stars: | 2024-08-09 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. The end of GARM marks a temporary victory for Musk and X CEO Linda Yaccarino, even though a judge hasn’t made a ruling yet. “Everyone can see that advertising on X is a treacherous business relationship for advertisers,” they said. Following that, brands’ faced issues where their ads were placed next to illegal or harmful content, the group said in a statement. GARM said its group reduced such ads from 6.1% in 2020 to 1.7% in 2023.

Persons: Elon Musk, “, GARM, Linda Yaccarino, hasn’t, ” Yaccarino, Nandini Jammi, Claire Atkin, ”, Ørsted —, ’, Musk, X, CCDH Organizations: New, New York CNN, Global Alliance, Responsible Media, World Federation, Institute, Twitter, CVS, Unilever, Mars, Facebook, Brands, Center, Media Locations: New York, Danish, Texas, Christchurch New Zealand

☆ Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay
▼ + stars: | 2024-08-09 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

A former Twitter board member, Omid Kordestani, sued the social media company owned by Elon Musk on Friday, claiming that the billionaire refused to cash out more than $20 million worth of shares. Mr. Kordestani, who joined Twitter’s board in 2015 and helped oversee the sale of the company to Mr. Musk in 2022, received most of his compensation in stock. But after Mr. Musk bought the company, now called X, he refused to pay Mr. Kordestani for those shares, the lawsuit said. A representative for X did not immediately respond to a request for comment. Such a public battle between a former board member and the company he once helped manage is rare — most boardroom disputes are settled quietly behind the scenes.

Persons: Omid Kordestani, Elon Musk, Kordestani, Musk, X “, Kordestani’s, ” Organizations: Twitter, Elon, Court Locations: California, San Francisco

☆ Turns out being a venture capitalist can be really hard and some VCs want out
▼ + stars: | 2024-08-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, turns out being a venture capitalist can be really hard, and some VCs want out . The big storyWe were promised big returnsiStock; Rebecca Zisser/InsiderFor venture capitalists, when the going gets tough, the tough get going…toward the exits. Some VC workers are reconsidering their future as the industry goes through a rough patch, writes Business Insider's Sri Muppidi. The ink was barely dry on a deal before startups were raising another round, doubling their VCs' investment (on paper) along the way. One Bay Area partner told Sri junior investors need to meet dozens of companies a week.

Persons: —, Rebecca Zisser, It's, That's, VCs, dobi, Goldman Sachs, duMond, Chip Somodevilla, Alyssa Powell, Jamie Dimon, we're, Jamie, David Zalubowski, Chelsea Jia Feng, Meta's Instagram, Grzegorz Wajda, Elon Musk, Musk's X, he's, Grimes, Sam Altman, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, VCs, Tiger Global, Area, JPMorgan, YouTube, Dell, Getty, Elon, Federation, Global Alliance, Responsible Media, UK Prime, Democratic, Trump, Disney Locations: Patagonia, Dimon, Anaheim , California, North Carolina, Virginia, New York, London

☆ Elon Musk has a weak case against advertisers — but he's playing the long game
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, Elon Musk's X fulfilled his promise to sue advertisers over their boycotting of the platform. GARM creates frameworks to provide common definitions around areas like hate speech and misinformation; it's voluntary whether advertisers use them. It doesn't rank platforms on these issues, and its role isn't to advise advertisers on where to spend their dollars. US advertisers are also protected by the First Amendment to spend or not spend on whichever media platforms they please. If the X suit moves into the discovery phase, there could be a whole lot more.

Persons: —, Elon Musk's X, X, Ørsted, Musk, Ruben Schreurs, Ørsted didn't, GARM, Jim Jordan, colluded, WPP's GroupM, Rob Rakowitz, Rumble, Jamie Barnard, Jim Jordan of Ohio, Win McNamee, Jordan, Brian Wieser, Wieser Organizations: Service, Federation, Global Alliance of Responsible Media, Twitter, Unilever, Mars, CVS, Business, WFA, Republican, Procter, Gamble, WPP's, Committee, Verizon, Chanel, PepsiCo, WPP, Media, Madison Locations: Texas, Ohio

Based on Trump's social media commentary, more about their relationship may be coming soon. Trump wrote in a post on Truth Social on Tuesday that the two will be speaking together publicly next week. Trump wrote. 'I have no choice'Since gaining Musk's support, Trump has returned the praise. On the day of Trump's speech in Nashville, Musk wrote "Save our kids!"

Persons: Elon Musk, Donald Trump, Evan Vucci, Donald Trump's, Trump, he'd, Elon, He's, Musk, What's, podcaster Jordan Peterson, they've, Kamala Harris, he's, it's, Joe Biden, Steven Cheung, Biden, Tesla wasn't, Tesla, Ron DeSantis, DeSantis, David Sacks, Trump's, CNBC's Joe Kernen, they're, Harris, Mark Fields, —, Fields, CNBC's Brian Sullivan, Giorgia Meloni, Javier Milei, Jair Bolsonaro, Narendra Modi, Benjamin Netanyahu, Kevin Mohatt, Kamala, Mike Moritz, Moritz, Brian Schwartz, Christina Wilkie Organizations: SpaceX, White, AP NASHVILLE, Bitcoin Conference, Elon, Music City Center, Trump, Republican, PAC, North Carolina Attorney General's, America PAC, ELON, Biden, General Motors, Ford, Musk, Tesla, Bitcoin, Italian, Indian, Capitol, Air Force, Joint Base Andrews, Financial Locations: Washington, Tenn, —, Nashville, Memphis , Tennessee, Pennsylvania, Michigan, tamp, Florida, Lago, China, U.S, Atlanta, Gaza, Wisconsin, Joint Base Andrews , Maryland, West Palm Beach , Florida, Silicon Valley

☆ The Global Alliance for Responsible Media is 'discontinuing' after Elon Musk's X filed an antitrust lawsuit against it
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Read previewThe advertising trade group The World Federation of Advertisers told its members on Thursday that it was "discontinuing" activities for its Global Alliance for Responsible Media initiative following an antitrust lawsuit filed by Elon Musk's X against the company earlier this week. This story is available exclusively to Business Insider subscribers. AdvertisementRepresentatives for the WFA and GARM didn't immediately respond to requests for comment from Business Insider. The platform's lawsuit alleged that after Musk acquired Twitter in 2022, GARM persuaded top brands not to advertise on it. The Committee has been investigating whether GARM members illegally colluded to demonetize conservative platforms and voices.

Persons: —, Elon Musk's, Stephan Loerke, Loerke, GARM, colluded, Ørsted, GARM didn't, Linda Yaccarino, wasn't, Musk, Jim Jordan, Russell Dye, Rumble, X didn't Organizations: Service, Federation, Global Alliance, Responsible Media, WFA, Business, Twitter, Unilever, Mars, CVS, WPP Locations: Texas, US, Ohio

From government investigations to labor disputes and a custody battle, Elon Musk has a lot to lose in court. Here's the tea on Musk's lawsuits. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Elon Musk Organizations: Business

"After their convention, yeah," Trump replied, referring again to the Democratic convention, which begins Aug. 19. CNBC reached out to the Trump campaign to confirm that the Republican nominee does not plan to resume large, in-person presidential campaign rallies until after the Democratic convention. "President Trump has a robust, travel schedule — consisting of rallies, messaging events, and fundraisers in the next week. In 2020, in-person campaign rallies on both sides were largely suspended because of the Covid pandemic. Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, U.S., July 31, 2024.

Persons: Donald Trump, Joe Raedle, Trump, Kamala Harris, Tim Walz —, Ohio Sen, JD Vance —, Harris, Walz, Thursday's, Tim Sheehy, Sheehy, Democratic Sen, Jon Tester, Steven Cheung, James Singer, Governor Walz, —, Trump's, Barack Obama, Obama, Hillary Clinton, Elizabeth Frantz, Pennsylvania —, Adin Ross, Tesla, Elon Musk Organizations: Getty, Democratic National Convention, Republican, White, Democratic, Minnesota Gov, Trump, Republicans, CNBC, Erie Insurance, Hamptons, Reuters, Trump —, Fox News, Fox Locations: Lago, Palm Beach , Florida, Philadelphia, Wisconsin, Michigan, Arizona, Nevada, Montana, Aspen , Colorado, Florida, Erie, Pa, North Carolina , Florida, Pennsylvania, Connecticut, North Carolina, Atlanta, New, Harrisburg , Pennsylvania, U.S, livestream

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