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☆ 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

☆ Elon Musk initially said the Cybertruck would cost from $39,900. Now, you can't buy it for much less than $100,000.
▼ + stars: | 2024-08-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

The cheapest Cybertruck available right now is $100,000. Tesla quietly removed the option to order planned cheaper versions of the pickup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Elon Musk first unveiled Tesla's Cybertruck in 2019, he touted the futuristic pickup as a competitor to the Ford F-150 with a starting price of $39,900. Tesla has quietly removed the option to preorder the rear-wheel and all-wheel drive versions of the Cybertruck, according to an archived version of its website.

Persons: Tesla, —, Elon Musk, Tesla's Organizations: Service, Ford, Business

☆ The 2024 campaign will now turn on whether Trump can blunt Harris’ soaring start
▼ + stars: | 2024-08-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump’s campaign, which has whiffed in its early attacks on Kamala Harris’ new presidential campaign, will grapple this week for a more effective foothold after the vice president transformed an election of stunning surprises. On Sunday, for instance, he spread a new false conspiracy theory over the size of Harris’ rally crowd in Michigan last week. Trump’s campaign was also forced on Saturday to deny a report in The New York Times that he’d privately referred to Harris as a “b*tch” as he bemoaned her momentum. Therefore, a debate expected between Trump and Harris on ABC on September 10 looms as a pivotal new moment in the campaign. But as Trump has shown in recent days, he still hasn’t worked out a way to respond to the suddenly changed circumstances of the campaign.

Persons: Donald Trump’s, Kamala Harris ’, Harris, he’d, bullish, Tim Walz, Joe Biden, “, Biden, Trump, Biden administration’s, —, Harris ’, Elon Musk, Walz, ”, “ It’s, ” Trump, Sen, JD Vance, Vance, CNN’s Dana, ” Vance, Kamala Harris, Vance wriggled, Trump’s, Nick Fuentes, Usha, Fuentes, Donald Trump …, “ misspoke, there’s, she’s, hasn’t Organizations: CNN, The New York Times, Republican, bullish Republicans, Minnesota Gov, Trump, New York Times, Siena College, Democratic, San, Ohio Republican, GOP, Army National Guard, Congress, Union, CBS, Court, White, Minnesota, ABC, Fox Locations: Michigan, Montana, The, Siena, Wisconsin , Michigan, Pennsylvania, Chicago, North Carolina, San Francisco, Ohio, Iraq, “ State, “, America, Russia, China

Elon Musk will interview former President Donald Trump Monday evening on X, the latest collaboration between two men whose unlikely alliance could be a significant factor shaping the final weeks of the presidential race. Musk, the billionaire CEO of both Tesla and SpaceX, wrote in a Sunday X post. Ahead of the event, Musk planned to perform "some system scaling tests" to gauge the X platform's streaming capabilities ahead of the event with Trump. The Trump interview is Musk's latest high profile foray into the 2024 presidential race. The PAC set out to mobilize 800,000 voters for Trump in critical swing states.

Persons: Donald Trump, Elon, Elon Musk, Tesla, Musk, Ron DeSantis, Trump, Kamala Harris, Trump's Organizations: SpaceX, Trump, Florida Gov, America PAC, CNBC, Republican Locations: Minden, Nev, Wilmington, Del

☆ The startup landscape for deals is drastically changing
▼ + stars: | 2024-08-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .

Persons: —, You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London

☆ Trump is (sort of) posting on Twitter again
▼ + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Twitter banned Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. AdvertisementWelcome back to Twitter, Donald Trump. Or, more accurately: Trump's campaign seems to be using Trump's account to post an ad on the service, which Musk has renamed "X."

Persons: Donald Trump, Elon Musk, he's, Trump, — Organizations: Trump, Twitter, Service

☆ Trump is suddenly back on Twitter
▼ + stars: | 2024-08-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Twitter barred Donald Trump in 2021. Elon Musk reinstated him in 2022. Trump is now running a Twitter ad that looks like it comes from his account. Of note: Musk is scheduled to conduct an interview Monday night with Trump on Twitter/X. AdvertisementWelcome back to Twitter, Donald Trump.

Persons: Donald Trump, Elon Musk, he's, Trump, — Organizations: Trump, Twitter, Service

☆ 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

☆ What Donald Trump Calling Kamala Harris a ‘Communist’ Shows - The New York Times
▼ + stars: | 2024-08-12 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Donald Trump has been using an ugly word to describe Vice President Kamala Harris. For example, Elon Musk, in a post on X, declared “Kamala is quite literally a communist,” demonstrating, among other things, that he quite literally doesn’t know the meaning of “literally.”Now, Harris obviously isn’t a communist. So why does Trump say that she is? Well, red-baiting, like race-baiting — which Trump also does when it comes to Harris — is very much part of the American political tradition. In these countries, politicians like Harris, who supports a free-market economy with a robust social safety net, are known as social democrats.

Persons: Donald Trump, Kamala Harris, Elon Musk, “ Kamala, Harris, Trump, Harris —, Ronald Reagan, It’s Organizations: Coffee, Communist

☆ 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

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

☆ 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

☆ 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

☆ 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

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

☆ 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

☆ 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

☆ 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

☆ Opinion | Nancy Pelosi: ‘It Didn’t Sound Like Joe Biden to Me’
▼ + stars: | 2024-08-09 | by ( Ezra Klein | ) www.nytimes.com time to read: +55 min

And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.

Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore

☆ 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

☆ 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

☆ 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

☆ Dolce & Gabbana launches $100 perfume for dogs inspired by owner's poodle
▼ + stars: | 2024-08-08 | by ( April Roach | ) www.cnbc.com time to read: +3 min

(Photo by Alberto PIZZOLI / AFP) (Photo by ALBERTO PIZZOLI/AFP via Getty Images)Dolce and Gabbana's luxury perfume for dogs — costing over $100 — has sparked concerns from some animal welfare organizations. The Italian fashion house's alcohol-free fragrance mist for dogs, which costs £83 ($105) on its U.K. website, is inspired by Fefé, the pet dog of brand-owner Domenico Dolce. However, the fragrance has drawn some concern from animal welfare organizations and experts who warn that perfumes can interfere with a dog's sense of smell. Oils such as ylang ylang which is included in Fefé, can also have a positive effect, he said. RSPCA's Potter also noted that some "lightly-scented products," which do not use aversive scents or interfere with a dog's sense of smell, can have a calming effect.

Persons: Domenico Dolce's, Alberto PIZZOLI, ALBERTO PIZZOLI, —, Fefé, Domenico Dolce, Ylang, Gabbana, Alice Potter, Donald Maurice Broom, Broom, RSPCA's Potter, we'd, Potter, Dolce Organizations: Dolce, Gabbana, Getty, RSPCA, Cambridge Veterinary School Locations: Rome, AFP, Fefé

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