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☆ Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement
▼ + stars: | 2024-09-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAndreessen Horowitz has reportedly given up on its Miami office after just two years in the space. "The firm is now virtual, but can materialize physically on command," Horowitz said at the time. Andreessen Horowitz did not immediately respond to Business Insider's request for comment. VC investment in Miami also saw a huge decrease in 2023, dropping 70% to $2 billion, according to the Journal.

Persons: —, Andreessen Horowitz, cofounders, Ben Horowitz, Horowitz, Marc Andreessen, Keith Rabois, Rabois, Florida . Austin, Elon Musk, he'd Organizations: Service, Miami Beach, Bloomberg, Business, Miami, Street Journal, SpaceX Locations: Miami, Miami Beach, Miami Beach , New York City, Santa Monica, Francisco, California, San Francisco, Fort Lauderdale, Florida ., Austin, Texas

☆ WSJ's Tim Higgins on Brazil X ban: Musk's crusade on free speech is affecting his other businesses
▼ + stars: | 2024-09-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Tim Higgins on Brazil X ban: Musk's crusade on free speech is affecting his other businessesTim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss Brazil's ban of the social media platform X, how the ban is affecting other parts of Elon Musk's businesses, and more.

Persons: Tim Higgins Organizations: Wall Street Journal Locations: Brazil, Elon

☆ Elon Musk’s attacks on Kamala Harris become more unhinged, with help from AI
▼ + stars: | 2024-09-03 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +3 min

On Monday, Musk posted an AI-generated image on his social media platform that depicted Harris as a communist, wearing a red uniform complete with hammer and sickle emblazoned hat. ?”The image, which appeared to violate X’s policy on manipulated content, resembled an AI-generated image posted by Trump last month during the Democratic National Convention, envisioning Harris addressing a crowd under communist symbols. Musk’s post came a day after he shared another post with a screenshot suggesting that only “high status males” should be able to participate in government because women (and men with “low testosterone”) are not capable of critical thought. Musk posted it to his 196 million followers with the comment, “interesting observation.”An AI-generated image of Kamala Harris posted by Elon Musk on his social media platform, X. Since taking over the platform, Musk has touted X’s “community notes” feature as a way of transparently allowing crowd-sourced fact-checking misinformation on his platform.

Persons: CNN — Elon, Kamala Harris, Musk, Harris, Donald Trump, “ Kamala, Elon Musk, shouldn’t, ” Organizations: CNN, Democratic Party, Republican, Trump, Democratic National Convention, 4Chan, South, Twitter

☆ Tesla Cybertruck is in a category of its own for better or worse
▼ + stars: | 2024-09-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. Fronts of the Ford F-150 Lightning, Tesla Cybertruck and GMC Sierra Denali EVs (left to right). The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.

Persons: Tesla, Michael Wayland, It's, Terry Woychowski, Elon Musk Organizations: CNBC, Ford, Chevrolet, Tesla, GMC Sierra Denali, YouTube, General Motors, Ford Motor, Rivian Automotive, Hummer, Renaissance Center, Tech, GMC, Caresoft, GMC Hummer, GM Locations: Detroit, Chevrolet El, Hawthorne , Calif

☆ Starlink in Brazil's crosshairs as spat over Elon Musk's X escalates
▼ + stars: | 2024-09-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Brazil's telecommunications regulator threatened sanctions against Elon Musk's satellite internet firm Starlink, as a public confrontation with the billionaire escalates over the country's decision to block his social media company X. Last week, Brazil's supreme court ordered a nationwide suspension of X for not appointing a legal representative by a court-mandated deadline, in line with the country's laws. Anatel, Brazil's telecommunications regulator, has instructed internet providers to block access to X following the court order. Artur Coimbra, a commissioner at Anatel, told Reuters that Starlink is the only company that has told the regulator that it would not comply with the court decision. CNBC has reached out to Anatel and SpaceX, which runs Starlink, for comment.

Persons: Anatel, Artur Coimbra, Coimbra Organizations: Elon, Reuters, CNN Brasil, CNBC, SpaceX Locations: Brazil

☆ X blocked in Brazil after supreme court panel upholds suspension order
▼ + stars: | 2024-09-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

A panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide. X had earlier defied court requests to take down accounts or posts that it said violated Brazil's laws on political misinformation and hate speech online. The court also froze the financial assets of another Musk-led business, satellite internet service Starlink, in Brazil to ensure his social network would pay its fines. Brazil's telecoms regulator Anatel instructed internet service providers including Starlink to block access to X in the country until it complies with the court orders. However, some social media users in Brazil are moving to other social networks.

Persons: Luiz Fux, Alexandre de Moraes, X, Starlink, de Moraes, Musk, Moraes Organizations: Elon, Anatel, Labor, SpaceX, Associated Press Locations: Brazil, NATO, U.S, Australia, Turkey, India

☆ VPN demand surges in Brazil despite legal threat to fine users nearly $9,000 a day for using workarounds to access X
▼ + stars: | 2024-09-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Brazilians are fighting back against the country's ban on the social media platform X, sending demand for VPNs skyrocketing despite threats that users could be fined nearly $9,000 a day for finding workarounds to access Elon Musk's site. AdvertisementAlternatives to X, like Bluesky and Threads, have also seen a spike in new users. The X alternatives were the first and second most downloaded iPhone apps in the country over the weekend. Others are concerned the ban is oppressive and hypocritical, given de Moraes' goal of combating authoritarian extremism in the country.

Persons: Musk, Alexandre de Moraes, de Moraes, De Moraes, Bluesky, I've, Maurício Santoro Organizations: Service, VPNs, Elon, Brazilian Supreme, The New York Times, Facebook, YouTube, Associated Press, State University of Rio, Business Locations: Brazil, China, State University of Rio de Janeiro

☆ Take a look inside the LA home Elon Musk is foreclosing on, which once belonged to Hollywood royalty
▼ + stars: | 2024-09-01 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

The Bel-Air home of Gene Wilder, the late star of "Willy Wonka & the Chocolate Factory," is for sale. Tesla CEO Elon Musk bought it and later sold it to Wilder's nephew and his wife. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn the heart of Bel-Air, a charming residence with a star-studded past is now on the brink of foreclosure by billionaire Elon Musk.

Persons: Gene Wilder, Willy Wonka, Elon Musk, Musk's, — Organizations: Bel, Service, Business

☆ How Elon Musk’s endorsement of Trump may have backfired
▼ + stars: | 2024-09-01 | by ( David Ingram | ) www.cnbc.com time to read: +4 min

Tesla and SpaceX CEO Elon Musk listens to President Donald Trump during a meeting with business leaders in the State Dining Room of the White House in Washington, Feb. 3, 2017. "They want to make Trump, Elon and people like them look like plutocrats," he said. "Elon Musk created the opportunity that Donald Trump took to unmask himself as rabidly anti-union, and he did that by praising Elon Musk's anti-union, union-busting perspective and endorsing the idea of illegally firing striking workers," he said. Harris, who is not related to Kamala Harris, said he views Musk's endorsement as a net negative. "No one views Elon Musk as a voice of the middle class," he said.

Persons: Tesla, Elon Musk, Donald Trump, Evan Vucci, Brendan Steinhauser, Mitt Romney, Steinhauser, Musk, Trump, Chip Somodevilla, Seth Harris, Joe Biden, Elon Musk's, Harris, Kamala Harris, David Nasaw, William Randolph Hearst, Andrew Carnegie, Nasaw, Franklin D, Roosevelt, Biden, Hearst Organizations: SpaceX, White, AP, Trump, Elon, Republicans, National Labor Relations Board, Labor, NLRB, Teamsters, Republican, International Brotherhood of Teamsters, Getty, Burnes Center, Social, Northeastern University, Hearst Locations: Washington, Texas, Michigan, Washington ,

☆ Brazil's top court orders nationwide suspension of Elon Musk's X
▼ + stars: | 2024-08-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Brazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in the country. Hours later, the court issued a second order suspending some of the measures in its first 51-page order against X. A suspension of X in Brazil could cause business problems for Musk's already embattled company. Musk has repeatedly denounced de Moraes' court orders as censorship. In its Thursday statement, X said de Moraes court had taken "illegal actions" against the company.

Persons: Elon, Alexandre de Moraes, de Moraes, Moraes, Musk, Starlink, De Moraes, X, Voldemort Organizations: Globo, Apple, Google, Twitter, World Bank, CBS, Starlink, Musk's SpaceX, U.S, Brazil weren't Locations: Brazil, NATO, U.S

☆ Elon Musk says voting by mail is ‘insane’ — but he has done it himself, records show
▼ + stars: | 2024-08-30 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Elon Musk has attacked voting by mail as an "insane" idea that encourages election fraud, but he voted by mail twice when he lived in California, according to records of his voting history obtained by NBC News. Musk voted by mail in November 2016, the year Donald Trump defeated Hillary Clinton, and in the November 2018 midterm election, the records show. The state records show that Musk had a sparse history of voting in California. This is the first time Musk's California voting records have been made public. Voting by mail was the choice of a majority of California voters both times Musk voted.

Persons: Elon Musk, Tesla, Porte, Musk, Donald Trump, Hillary Clinton, Barack Obama, John McCain, Mitt Romney, It's, Trump, Trump's, Kamala Harris, Clinton, Joe Biden Organizations: Viva Technology, Porte de, NBC News, NBC, Social, PAC, America PAC, Daily, SpaceX, Business, Tesla, White House Locations: Paris, France, California, Los Angeles, U.S, Texas, USA, North Carolina, Wisconsin, America, Brownsville , Texas, Austin, Florida

☆ Elon Musk hits out at judge threatening to suspend X in Brazil
▼ + stars: | 2024-08-29 | by ( Duarte Mendonca | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk has stepped up online attacks on a Supreme Court judge threatening to suspend social media platform X in Brazil, calling him “an evil dictator” in an ongoing feud between the two men. Justice Alexandre de Moraes had threatened to suspend X if Musk did not appoint a new legal representative of the company in Brazil and settle any outstanding daily fines within 24 hours. X announced earlier this month that it would close its operations and fire its staff in Brazil due to what it called “censorship orders” from the judge. The statement from the Supreme Court was posted at around 8.30 p.m. local time on Wednesday, giving Musk until Thursday evening local time to respond. The responsibility lies solely with Alexandre de Moraes.”Later that day, Musk reiterated the official X statement, saying his company had “no choice” but to close Brazilian operations.

Persons: CNN — Elon Musk, ”, Alexandre de Moraes, “ Alexandre de Moraes, cosplaying, Moraes, Darth Vader, de Moraes, De Moraes, ’, de Moraes ’, Musk, ’ Alexandre, X Organizations: CNN, X’s Global Government Affairs, Associated Press, ‘ Locations: Brazil

☆ MrBeast is in a tough spot. But PR experts say an aggressive 'superlawyer' isn't the fix he needs.
▼ + stars: | 2024-08-29 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

DailyMail.com reported that he hired Alex Spiro, a $2,000-an-hour attorney who has represented Alec Baldwin and Elon Musk. He also claimed Donaldson hired a registered sex offender to be part of his crew. Related storiesHiring a 'superlawyer'In that context, he hired Spiro, who has represented Elon Musk, Megan Thee Stallion, and Alec Baldwin. AdvertisementHowever, experts told BI that if Donaldson had enlisted Spiro, it may just add fuel to the fire. Dave Kotinsky/Getty Images for MrBeast BurgerTrust is vitalTrust is hugely important between influencers and their fans, Perkes said.

Persons: —, Jimmy Donaldson —, Donaldson, DailyMail.com, Alex Spiro, Alec Baldwin, Elon Musk, Quinn Emanuel Urquhart, Sullivan, he's, Ava Tyson, Ava, MrBeast, Dawson French, Spiro, Megan Thee, Haddy, Jemal Countess, Laura Perkes, Perkes, Kellie Whitehead, Whitehead, Folivi, it's, Dave Kotinsky, they've, they're, didn't Organizations: Service, Business, YouTube, The New York Times, Daily, Elon, MrBeast Burger Locations: French, New Jersey

☆ Elon Musk's X flags NPR story on Trump's Arlington Cemetery visit as "spammy or unsafe"
▼ + stars: | 2024-08-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Elon Musk's X flagged an NPR article on Donald Trump's Arlington video as 'unsafe or spammy.' The article detailed how Trump's campaign video violated federal law at Arlington National Cemetery. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSince purchasing Twitter in 2022 and rebranding it X, Elon Musk has fashioned himself a free speech absolutist.

Persons: Elon Musk's, Donald Trump's Arlington, —, Elon Musk, Pavel Durov Organizations: Arlington National Cemetery, NPR, Service, Twitter, Telegram, French, Business

☆ What we know about the charges filed against Telegram CEO Pavel Durov
▼ + stars: | 2024-08-29 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewFrench authorities charged Telegram CEO Pavel Durov with six crimes on Wednesday related to allegations that the tech leader allowed illegal activity to proliferate on his platform. Durov's arrest raises questions about free speech and content moderation. Telegram called Durov's arrest "absurd" and said that the company is "awaiting a prompt resolution" of the situation. Durov's arrest has received backlash from free-speech absolutists like Elon Musk — although his track record for allowing speech on X has also come into question. AdvertisementMusk, who has been criticized for the lack of content moderation on his platform X, defended Durov and painted the Telegram CEO's arrest as a broader global threat around free speech.

Persons: —, Pavel Durov, Durov, He'll, David, Olivier Kaminski, Elon Musk, Daniel Lyons, Lyons, K, Dhillon, Emmanuel Macron Organizations: Service, Business, Associated Press, AP, Paris, Elon, Boston College Law School, New York Times, Times, Group, California Republican Party Locations: Ukraine, Russia, France

☆ Musk ramps up attacks on Brazil’s top judge as X faces possible suspension, Starlink finances frozen
▼ + stars: | 2024-08-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

X Global Government Affairs issued a statement on Thursday evening ahead of an anticipated suspension of its platform in Brazil. A suspension of X in Brazil could cause serious business problems for the already embattled social network. And under Brazil's laws, social networks there have to employ someone who can receive and consider government takedown notices about political misinformation. X has no such employee in Brazil, after the company said it was removing all its employees from the country earlier this month. Mark my words," Musk wrote to de Moraes and Musk's 195.8 million listed followers on X.

Persons: Elon Musk, The Beverly Hilton, Tesla, Alexandre de Moraes, de Moraes, De Moraes, Musk, Alexandre Organizations: SpaceX, Tesla, The Beverly, X Corp, Brazilian, X Global Government Affairs Locations: Beverly Hills , California, U.S, Brazil

☆ Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. As recently as May 9, Trump’s dominant stake of 114.75 million shares of Trump Media was valued at $6.2 billion. Despite the recent selloff, Trump Media is still valued at nearly $4 billion. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media. Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

Persons: Donald Trump, Trump, ” Michael Ohlrogge, Kamala Harris, ”, Charles Whitehead, Elon Musk, Mark Zuckerberg, Phillip Juhan, Scott Glabe, Andrew Northwall, Vladimir Novachki, Devin Nunes, Jay Ritter, ” ‘, “ It’s, ” Ritter, “, can’t, ” Ohlrogge, Ohlrogge Organizations: New, New York CNN, Trump, Truth Social, Trump Media & Technology, Trump Media, New York University School of Law, CNN, Democratic, Cornell Law School, “, ”, Meta, Republican, SEC, Trump Media & Technology Group Corp, University of Florida’s Warrington College of Business, NYU Locations: New York

☆ Elon Musk's X can proceed to trial in case against Media Matters after Texas judge denies dismissal request
▼ + stars: | 2024-08-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's X. Because of U.S. District Judge Reed O'Connor's decision on Thursday, X's lawsuit against the nonprofit media watchdog and two of its staff members will proceed to trial on April 7. Attorneys representing X claimed the Media Matters report was "intentionally deceptive" and financially damaged the company. Media Matters and X didn't immediately respond to requests for comment. In August, O'Connor dismissed a request by Media Matters to force Musk to list Tesla as an interested party in X's lawsuit against the nonprofit.

Persons: Elon Musk's, District Judge Reed O'Connor's, Angelo Carusone, O'Connor, didn't, Tesla Organizations: Media Matters, U.S, District, Twitter, Media, Apple, IBM, Disney, X, Unilever, Mars, CVS Health, Elon Musk Locations: Athens, Greece, Texas, California, Meta

☆ Elon Musk’s xAI accused of worsening Memphis smog with unauthorized gas turbines at data center
▼ + stars: | 2024-08-28 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit. The letter notes that xAI "has installed at least 18 gas combustion turbines over the last several months (with more potentially on the way)." The company has been using the turbines to power the facility, but its long-term plan is to use power from the local utility, Memphis Light, Gas and Water and the Tennessee Valley Authority. MLGW told CNBC that it started providing 50 megawatts of power to xAI at the beginning of August.

Persons: Elon Musk, Musk, xAI, MLGW Organizations: Southern Environmental Law Center, Health Department, Environmental Protection Agency, Memphis, Tennessee Valley Authority, CNBC, SpaceX, Google, Microsoft, American Lung Association Locations: Memphis , Tennessee, Shelby County, Memphis, Tennessee, Shelby

☆ Brands are so scared of culture wars and controversy that it's ripping apart the media business
▼ + stars: | 2024-08-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +12 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesBut it wasn't until Trump's 2016 election that brand safety really entered the mainstream marketing vernacular — and the culture wars. In 2023, more than 21,400 jobs were cut in the US media industry, according to the employment agency Challenger, Gray & Christmas. But some industry experts think it's too late to put the "content adjacency" genie back in the bottle. AdvertisementThe result, Tobaccowala fears, is a further winnowing of the media industry where only the biggest platforms and individual content creators survive.

Persons: —, Elon Musk's, Donald Trump, Alex Marlow, Breitbart, Mark Penn, Tobaccowala, Tucker Carlson, Ingraham, Jessica Sibley, Taylor, Taylor Swift, Vittorio Zunino Celotto, Penn, it's, Richard Raddon, Ben Shapiro, Shapiro, Gregory Woodman, John Deere, Davidson, Kid, Bud, Bud Light, influencer Dylan Mulvaney, Gene J, Rob Kim Organizations: Service, Global Alliance, Responsible Media, Business, Breitbart News, News Corp, Groupe, Association for National, Companies, Giants, YouTube, Fox, Fox News, Facebook, Poets Department, Challenger, Getty, Penn, Publishers, The Daily, State of, US Department of State, Supply, Harley, Associated Press Locations: Ukraine, State of Texas, America

☆ 2 investment areas in AI that people will be 'very bullish' on in the future, according to a VC
▼ + stars: | 2024-08-26 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Read previewWith the AI arms race underway and a host of industries investing in the technology, Lux Capital venture capitalist Josh Wolfe identified the areas he's particularly keen on. AI in biology"AI into biology is really interesting because most computer scientists underappreciate how hard biology is," he said. "Biology is really complex — it is not linear, it is not 'programmable biology' the way many people think." AI in roboticsWhile "robots" typically invoke images of futuristic humanoid tech like Elon Musk's Optimus, Wolfe said he thinks "humanoid robots are not going to be the way." Although Wolfe thinks humanoid robots will attract money for their intrigue, he said that robots mimicking human capabilities are "really inferior to what robots can do."

Persons: —, Josh Wolfe, Logan Bartlett, Wolfe, Meta, Nat Friedman, Daniel Gross, ESM3, Elon, Optimus Organizations: Service, Lux Capital, Business, Meta, Amazon Web Services, AWS

The Education Department is assuring schools and students that its financial aid process is under control, after a botched overhaul over the past year that some colleges say has dented incoming classes. Education Secretary Miguel Cardona has vowed that the FAFSA process is being improved after recent missteps. I want to close up [the] Department of Education, move education back to the states. In May, Cardona announced a “full-scale review” of the Federal Student Aid office that oversees FAFSA and promised “transformational changes” at the division. I’ve taken a college and career readiness class from my high school, but it all sounded really confusing,” she said.

Persons: Miguel Cardona, he’s, We’ve, miguel cardona, “ We’ve, ” Cardona, ”, Peter G ., NAICU, couldn’t, ” Mark Becker, Donald Trump, disburses Pell, ” Trump, Elon, Cardona, “ We’re, they’re, ” “, falloff, Beth Maglione, Hanalise Yarbrough, Kristi Childs, Kristi Childs Kristi Childs, Childs, Mason Yarbrough, “, ” Childs, Hanalise, John Jay, she’s “, I’ve, who’s “ Organizations: Department, Education, Federal Student Aid, NBC News, National Association of Independent Colleges, Universities, Education Department, Association of Public, Grant Universities, Department of Education, Republican, Federal, Aid, College, Network, National Association of Student Financial, Madison, Northwest Mississippi Community College, John, John Jay College of Criminal Locations: U.S, DeSoto County , Mississippi, New York City

☆ Elon Musk’s X Is Leaving San Francisco. City Officials Say ‘Good Riddance.’
▼ + stars: | 2024-08-24 | by ( Heather Knight | Kate Conger | ) www.nytimes.com time to read: +1 min

San Francisco’s long relationship with X is nearly over — and city officials are far from heartbroken. But city officials are not lamenting the exit. X bears little resemblance to the company that San Francisco wooed with a tax break more than a decade ago, when it was Twitter, to help anchor a budding tech hub in a downtrodden neighborhood near City Hall known as Mid-Market. The pandemic, and Mr. Musk’s 2022 acquisition of the company and subsequent gutting of its work force, reduced the headquarters to a ghost town. “I share the perspective that most San Franciscans have, which is good riddance,” said City Attorney David Chiu, who as a member of the city’s Board of Supervisors backed the tax break that lured Twitter to Mid-Market in 2012.

Persons: Elon Musk, San Francisco, ”, David Chiu Organizations: city’s, Supervisors, Twitter Locations: —, Palo Alto, San Jose ., Texas, City, “, Franciscans

☆ VCs are fighting, investors are annoyed, and the presidential election has become a constant distraction that Silicon Valley just wants to be over
▼ + stars: | 2024-08-24 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She didn't sign, not because she doesn't support Harris (she does) but because she sees no upside in broadcasting her political intentions. The former president has also received endorsements from famous VCs Marc Andreessen, Ben Horowitz, Doug Leone, and David Sacks. Now, executives are waiting until after the election concludes to make any decision, according to a source familiar with the matter. Publicly supporting candidates has no upside for LPs, especially considering many LPs have their own agendas, added a VC.

Persons: —, Kamala, Kamala Harris, Harris, We're, Joe Biden, David Hornik, Israel —, There's, Leslie Feinzaig, VCs, Elon Musk, Trump, Marc Andreessen, Ben Horowitz, Doug Leone, David Sacks, Reid Hoffman, Reed Hastings, Ron Conway, Graham, Walker, MAGA, they're, Divya Kakkad, Sacks, Jesse Middleton, Middleton, Cameron Lester, Lester, tradespeople, ServiceTitan, I've Organizations: Service, Business, San Francisco, Lobby Capital, August, Republicans, Israel, Netflix, Graham, Craft Ventures, Jefferies, Publicly Locations: San, Silicon Valley, Los Angeles, Bay, New York

☆ NASA picks SpaceX to bring home the American astronauts stuck in space. It's the latest blow to Boeing.
▼ + stars: | 2024-08-24 | by ( Lauren Edmonds | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

AdvertisementBoeing's Starliner spacecraft during NASA's Boeing Crew Flight Test in June. A test flight, by nature, is neither safe nor routine. So, the decision to keep Butch and Suni aboard the International Space Station, and bring the Boeing Starliner home un-crewed, is a result of a commitment to safety." Both Boeing and SpaceX have spent a decade working with NASA on their Starliner and Crew Dragon vehicles, respectively. AdvertisementAfter years of delays, technical issues, and rising costs, this Crew Flight Test was the last hurdle Boeing had to clear for NASA to certify Starliner for human spaceflight.

Persons: —, Bill Nelson, Suni Williams, Butch Wilmore, Williams, Wilmore, Nelson, Kelly Ortberg, Wiliams, Starliner —, Joe Raedle, Russ DeLoach, Butch, Suni, Elon, CHANDAN KHANNA, SpaceX would've, Elon Musk Organizations: Service, NASA, Johnson Space Center, Business, Boeing, SpaceX, NASA's Boeing, Space Shuttle Columbia, Ars Technica, Challenger, Columbia, NASA's, Safety, Mission Assurance, Soyuz, ISS Locations: Houston, Boca Chica , Texas

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