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But two political scientists told Business Insider that Musk's desire to run the US government like a private business — an approach many private sector professionals have supported for decades — isn't as foolproof as the CEO might think. AdvertisementTrump, a businessman turned politician, based much of his first presidential campaign on the notion that his experience in the private sector would guide his approach to politics. "In the private sector, the motive is profit. "But inefficiency in the private sector isn't the same." Advertisement"A business isn't really self-correcting, at least not as easily as government is," Crouse said.
Persons: , Elon, Trump, Musk, Hillary Clinton, he's, it's, Patricia Crouse, Grose, Al Gore, Cynthia Johnson, Ronald Reagan, George W, Bush, isn't, Elon Musk, Crouse Organizations: Service, Summit, Business, Trump, University of New, University of Southern, Reinventing, Community Initiative, Washington, Twitter Locations: Los Angeles, University of New Haven, University of Southern California, Reaganomics, Texas, Pennsylvania, America
United Airlines said Friday that it plans to offer inflight Wi-Fi for free using Starlink from Elon Musk’s SpaceX on its hundreds of jetliners, the biggest inflight internet deal yet for the satellite service provider. The team-up comes as airlines have been investing in faster inflight Wi-Fi, sometimes offering it for free, in a bid to attract higher-paying customers like business travelers. Delta Air Lines announced in early 2023 that onboard internet would be free for members of its SkyMiles loyalty program. Hawaiian Airlines, which has a deal with Starlink, also offers complimentary inflight Wi-Fi. JetBlue Airways has offered free Wi-Fi for years.
Persons: United Organizations: Airlines, Elon Musk’s SpaceX, Delta Air Lines, Hawaiian Airlines, Starlink, Fi, JetBlue Airways, SpaceX, JSX, United, ViaSat, Panasonic, U.S, Atlantic, Pacific
Tech billionaire Elon Musk on Thursday called the Australian government “fascists” over plans to crack down on misinformation online. Social media companies could face fines up to 5% of their global revenue if they enable the spread of misinformation, under a law proposed Thursday by Australia’s Labor government. Musk, who considers himself a free speech advocate, made the one-word comment in a repost on his social media platform X of an article about the proposed legislation. “Elon Musk’s had more positions on free speech than the Kama Sutra,” Government Services Minister Bill Shorten told the Australian network Channel Nine on Friday. The case is one of several that are ongoing between X and the Australian regulator, eSafety.
Persons: Elon Musk, , Musk, “ Elon Musk’s, Stephen Jones, Elon, ” Jones, Michelle Rowland, X, Anthony Albanese Organizations: Tech, Social, Australia’s Labor, Government, Australian, Australian Broadcasting Corp, , , Twitter Locations: Australia
“In Springfield they’re eating dogs,” the former president said, referring to an Ohio city dealing with an influx of Haitian immigrants. On Sept. 6, there were 1,100 posts on X mentioning Haitians, migrants or immigrants eating pets, cats, dogs and geese, according to PeakMetrics, a research company. The Springfield rumor “made it to his desk. Another source close to Trump’s campaign said Trump and Vance did not discuss the Springfield issue ahead of the debate. “I don’t know what he was thinking,” a different Trump ally said of his choice to bring up the Springfield rumor unprompted.
Persons: Donald Trump, , Kamala Harris, Sen, JD Vance, Ohio, ” Tim Murtaugh, Trump, Harris, , ” Sen, Lindsey Graham, ” Graham, Elon Musk, Vance, ” Vance, , MAGA, David Muir, ” Rep, Byron Donalds, Laura Loomer, ” Loomer, ” “, “ It’s Organizations: , Trump, NBC News, White, CNN, Nazi, Facebook, Springfield, Springfield News, NBC, ABC News, Locations: Springfield, Ohio, Trump, South Carolina, Columbus, Gab, Springfield Ohio, Springfield , Ohio, Clark County , Ohio, NatCon, United States, Florida, America
Mark Zuckerberg reveals his '20-year mistake'
  + stars: | 2024-09-13 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +4 min
Read previewMark Zuckerberg is opening up about one of his biggest regrets from his two decades of running Facebook, now Meta. But Zuckerberg, with some newfound swagger and a new T-shirt he designed, kicked things off by saying he was done apologizing, TechCrunch reported. "And my guess is if the IPO was a year-and-a-half mistake, I think that the political miscalculation was a 20-year mistake." "Still not my best thing, but getting a bit more comfortable just being me as I get older." As the Facebook cofounder enters his 40s and reflects on his decades at the helm of Facebook, one thing is increasingly clear: Zuckerberg is in his unapologetic era.
Persons: , Zuckerberg, wasn't, Casey, hasn't, Meta, Newton, — Zuckerberg, GOP Sen, Josh Hawley, He's, Elon Musk Organizations: Service, Chase Center, TechCrunch, Business, Facebook, Meta, GOP, Elon Locations: San Francisco, Newton, Myanmar, Cambridge
Meanwhile, Swift's boyfriend Travis Kelce is a fan of Tesla's Cybertruck and wants to get a Cyberquad. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk might not be Taylor Swift's biggest fan right now, but her boyfriend Travis Kelce sure likes Musk's Cybertrucks. Travis and his brother Jason talked about Tesla's electric pickup truck during the latest episode of their podcast, "New Heights" which aired on Wednesday. Jason, who owns a Cybertruck himself, said he got a "little nervous" when he took the vehicle to the carwash.
Persons: Elon Musk, Taylor Swift, Kamala Harris, Travis Kelce, Cybertruck, Kelce, , Elon, Taylor, Musk's Cybertrucks, Travis, Jason Organizations: Service
Elon Musk spent heavily in a failed attempt to unseat a Texas prosecutor, per a report. The Wall Street Journal said the Tesla CEO funneled money to a PAC to oppose José Garza in Texas. Musk channeled hundreds of thousands to the PAC, it said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk channeled hundreds of thousands of dollars to a Texas PAC he primarily funds to try to unseat a Texas prosecutor earlier this year, The Wall Street Journal reported, citing people familiar with his involvement, as well as Federal Communications Commission filings and corporate documents.
Persons: Elon Musk, José Garza, It's, he's, , Elon Organizations: Street Journal, Service, Texas PAC, Federal Communications, Democratic, Business Locations: Texas, Travis County
Read previewTwo major players — Tesla and Waymo — are battling for dominance in the driverless tech sector. "I think that Tesla has a software problem, and I think Waymo has a hardware problem, is the way I put it — and I think software problems are much easier." AdvertisementHe viewed Tesla as a "pioneer" in using machine learning for its autonomous driving software. But he also argued that Tesla's autonomous hardware hasn't solved the driverless equation. Waymo, on the other hand, produces an autonomous driving system capable of eliminating a human driver.
Persons: , — Tesla, Waymo, Tesla, Andrej Karpathy, I'm, Karpathy, it's, Dan O'Dowd, Elon, Musk's, Kevin Chen, Chen, they're, you've Organizations: Service, Business, EV, The, Elon Musk's Locations: San Francisco , Los Angeles, Phoenix, Austin, who's, San Francisco
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's the code name that Elon Musk's security team uses to refers to him, The New York Times reported as part of an investigation into the Tesla CEO's protective services. This story is available exclusively to Business Insider subscribers. AdvertisementIn 2022, Business Insider revealed that Musk secretly bought a house after his former address became public knowledge. Related storiesA Tesla SEC filing revealed that Musk's security company billed the company $2.4 million in 2023 and another $500,000 through February 2024, representing just a portion of Musk's total security expenses.
Persons: , Musk, He's, Errol, Mark Zuckerberg's, Tim, Tesla, Zachary Kirkhorn Organizations: Service, NASA, Elon, New York Times, Business, Times, SEC, Errol's, Apple, Tesla's Locations: bitcoin, Nevada, Texas
Elon Musk's war of words with Australia is escalating after he called the government "fascists." The billionaire criticized Australia's new social media bill, which would see sites like X face fines over misinformation. Musk is at war on many fronts, with X being suspended in Brazil and criticized for fuelling riots in the UK. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk called the Australian government "fascists" in a one-word response to a post on X detailing the country's planned new social media regulation.
Persons: Elon, Australia's, , Elon Musk Organizations: Service, Business Locations: Australia, Brazil
Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty ImagesLONDON — The U.K. government has had "constructive" talks with Elon Musk's social media site X over the spread of misinformation and other harmful content, technology minister Peter Kyle told CNBC Friday. Multiple social media users at the time spread false information about the alleged perpetrator, who has since been charged with murder and attempted murder, claiming he was an asylum seeker. The minister also told CNBC he is assessing whether he needs additional powers to regulate social media companies over the dissemination of harmful content online. A government spokesperson told CNBC earlier this year that its "immediate focus is getting the Online Safety Act implemented quickly and effectively." However, this spokesperson added, "our message to social media companies remains clear: There is no need to wait — you can and should take immediate action to protect your users."
Persons: Elon Musk, Peter Kyle, Kyle, CNBC's, hasn't, Musk, Taylor Swift, Keir Starmer, Keir, Dawn Butler, Chi Onwurah, Labour's Kyle Organizations: Anadolu, Getty, Elon, CNBC, Citizens, Financial Times, Labour, SpaceX, Ofcom, OSA Locations: United Kingdom, England
CNN —Right-wing media outlets are ignoring Donald Trump’s embrace of far-right conspiracy theorist Laura Loomer, shielding their audience from the uproar amid condemnation from top Republicans. In recent days, Donald Trump has mingled with Loomer, the radical conspiracy theorist who has a well-documented history of pushing racist, sexist, Islamophobic and homophobic hate. But right-wing media outlets have largely ignored her close proximity to Trump and the ensuing controversy. That was also the case in other right-wing outlets, including the websites of Breitbart, The Daily Wire, One America News, and The Gateway Pundit. According to the progressive media watchdog Media Matters, Fox News devoted just four minutes to the news over the ensuing three-day period, compared to more than an hour on CNN and MSNBC.
Persons: Donald Trump’s, Laura Loomer, Donald Trump, Loomer, Elon Musk, Trump, Breitbart, It’s, Mike Pence, Trump’s, , Republican Sen, Lindsey Graham, doesn’t, GOP Sen, Thom Tillis, Rep.Marjorie Taylor Greene, MAGA, , disavow Loomer, “ Laura’s, she’s, ” Trump, I’m, Laura Organizations: CNN, Fox News, Daily, America, Fox, Trump, White, Media, MSNBC, Republican, Washington, GOP, Republicans, DNC Locations: Trump, Philadelphia
A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The Tesla truck, driven by an employee, was headed to the company's battery factory in Sparks, Nevada, from a warehouse in Livermore, California, the report said. Tesla CEO Elon Musk first showed off the Semi truck design at an event in November 2017, promising it would come to market in 2020. "Preparation of Semi factory continues and is on track to begin production by end of 2025," Tesla said in its second-quarter earnings report in July. The NTSB report confirmed that Tesla's driver-assistance systems, which are marketed as Autopilot and Full Self-Driving (Supervised) in the U.S., were not "operational" at the time of the Semi collision and fire.
Persons: Tesla, Elon Musk Organizations: National Transportation Safety Board, NTSB, CAL Locations: Lake Tahoe, reigniting, Sparks , Nevada, Livermore , California, Nevada, U.S
Tech billionaire Elon Musk on Thursday called the Australian government "fascists" over plans to crack down on misinformation online. "Elon Musk's had more positions on free speech than the Kama Sutra," Government Services Minister Bill Shorten told the Australian network Channel Nine on Friday. "I mean, is this what he thinks free speech is all about?" At the time, Australian Prime Minister Anthony Albanese called Musk an "arrogant billionaire who thinks he is above the law." The Australian regulator later dropped its legal effort after a federal court refused to extend a temporary order to block the graphic content.
Persons: Elon Musk, Musk, Elon Musk's, Stephen Jones, Elon, Jones, Michelle Rowland, X, Anthony Albanese Organizations: Tech, Social, Australia's Labor, Government, Australian, Australian Broadcasting Corp, Twitter Locations: Australia
Kate Conger and Ryan Mac are the authors of "Character Limit: How Elon Musk Detroyed Twitter." AdvertisementKatie Notopoulos: You've both reported on Elon Musk and his companies for a long time. Notopoulos: Everyone's talking about "Founder Mode" lately, the idea of running a company like it's still in its early days instead of scaling to "manager mode." Musk comes in and wants to go "extremely hardcore," his version of Founder Mode, but it hasn't really worked out. [Business Insider first reported the news that Elon Musk had twins with Zilis, an executive at Neuralink.]
Persons: you've, Twitter —, Kate Conger, Ryan Mac, Elon, Elon Musk, Conger, Mac, Katie Notopoulos, You've, Musk, Jack Dorsey, hasn't, he's, JJ Geiger, , It's, Grimes, Shivon, Alice Zilis, Valkyrie, Claire Boucher, Jesus Organizations: Service, Elon, Twitter, The New York Times, Business, SpaceX, Tesla, Penguin Press, Street, Neuralink Locations: Elon Musk's, Conger
Meta's Nick Clegg criticized Elon Musk's X as a platform for elites and unregulated speech. Go to newsletter preferences Thanks for signing up! AdvertisementA top executive at Meta slammed Elon Musk's X on Thursday, saying it has turned into a "tiny" platform designed for elites. Nick Clegg, Meta's president for global affairs and the former British deputy prime minister, compared X to Facebook and Instagram. He called X an unregulated platform that lets "anyone say anything."
Persons: Meta's Nick Clegg, Elon Musk's, Clegg, , Nick Clegg, Musk Organizations: Service, Meta, British, Facebook Locations: Britain ., Brazil, London
Oracle 's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world's second-richest person. Ellison's net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes' real-time billionaires list. Bezos, who has claimed the title of world's second-richest person on and off over the years, is worth $205 billion. Bezos, 60, and Ellison, 80, are jockeying for the title of world's second-richest person three days after their companies forged a new partnership. "With Oracle Database to be able to run AWS, Microsoft and Google, is incredibly important," Ellison said on the call.
Persons: Larry Ellison's, Jeff Bezos, Forbes, Elon Musk, Ellison, Oracle, Jordan Novet, Ari Levy Organizations: Amazon, Oracle, Nvidia, Microsoft, Google Locations: Las Vegas
Brazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk's social network. Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them. The court suspended X at the end of August, and the suspension remains in place. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online. Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.
Persons: Elon Musk, Brazil's, Alexandre de Moraes, X, Musk, Starlink, de Moraes, UOL, Jair Bolsonaro, Bolsonaro, Brazil's Jan, Gwynne Shotwell, Alexandre Organizations: Tesla Inc, Elon, SpaceX, X Corp, Twitter Locations: Washington , DC, Starlink, Brazil
Inspiration4 mission commander Jared Isaacman stands for a portrait in front of a Falcon 9 rocket at SpaceX facilities in Hawthorne, California, in February 2021. The mission was meant to demonstrate that people from all walks of life can train for and execute a mission to orbit. I don’t know — it made me a real believer.”That’s why, Isaacman said, he worked with Musk and engineers at SpaceX to build the Polaris Program. Polaris Dawn is the first mission under that umbrella, with at least two more ventures to space planned for later down the road. The Polaris Program’s goal is to develop and test technologies that SpaceX would need if it established an extraterrestrial settlement.
Persons: Jared Isaacman, Patrick T, Fallon, Jared Isaaacman, he’s, Isaacman, Elon Musk, Inspiration4, ” Isaacman, , Musk, Polaris Dawn Organizations: SpaceX, Getty, SpaceX —, CNN, Polaris Program, Polaris Locations: Hawthorne , California, AFP, South Texas
Elon Musk is in another fight with regulators — this time over SpaceX's Starship rocket. Musk's rocket company slammed the FAA over a delay in receiving approval for its next Starship launch. 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 . AdvertisementSpaceX and Elon Musk are beefing with regulators over the next launch of Starship, the rocket Musk plans to use to take humans to Mars.
Persons: Elon Musk, Musk, , X Organizations: SpaceX's, FAA, Service, SpaceX, Elon, Federal Aviation Administration, Business
From the front door of X, which is closing up shop in San Francisco on Friday, Market Street runs straight through downtown to the bay. Now, as X leaves its spot, Market Street is still suffering from all the same problems it had before Twitter. After handing over millions of dollars in tax breaks to one of the world's wealthiest corporations, San Francisco has nothing to show for it. AdvertisementI keep remembering a work trip I took to San Francisco in 1999, a few years before I moved here. "Our focus remains on working with and supporting the many businesses that call San Francisco home," the statement reads.
Persons: Daniel Burnham, Elon Musk, Twitter, Ted Egan, Bon Marché, Paula Smith Arrigoni, restaurateurs, Dolby, Twitter didn't, Egan, Uber decamped, Musk, San Francisco, Adam Rogers Organizations: Twitter, Central Market, Anadolu, Getty, AQ, Area, Coalition, Apple, New York Times, San, Sony, Microsoft, Ikea, London Breed, Business Locations: San Francisco, Austin, South Park, California, Brisbane, Texas, scuzzy, gentrify, Alta, Oro, Bon, Kaya, Bay, Oakland
Their week-long mission, called Polaris Dawn, is fully private with no NASA involvement — but it's no billionaire joyride. The Polaris Dawn spacewalk planThe spacewalk procedure begins 48 hours before opening the Crew Dragon's hatch, with a "pre-breathe." Polaris Dawn crew members train to recognize symptoms of complications from decompression. The Polaris Dawn crew will have to open Dragon's nosecone with no airlock to keep its cabin pressurized. Polaris Program via XThe risks and stakes are highThe Polaris Dawn spacewalk plan — no airlock, vehicle fully open to space — is not totally unprecedented.
Persons: , joyride, Elon Musk's, It's, Jared Isaacman, Anna Menon, Sarah Gillis, Scott Poteet, haven't, Leroy Chiao, Chiao, John Kraus, Isaacman, Gillis, — Menon, Poteet, Mike Hopkins, NASA Abhi Tripathi, Tripathi, Menon, Bill Gerstenmaier Organizations: Service, SpaceX, Business, Polaris, NASA, Elon, Air Force, Polaris Program, Space Station, Reuters, UC Berkeley's Space Sciences Laboratory Locations: Mars, West Coast, Hawthorne , California
The elite group worth more than $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates. The 15 members have grown about $280 billion richer this year and are jointly worth $2.2 trillion. 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 . AdvertisementElon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people on the planet with a net worth above $100 billion.
Persons: Elon Musk, Jeff Bezos, Bill Gates, Jim Walton, , Mark Zuckerberg, Warren Buffett Organizations: Elon, Walmart, Service, Business
Editor’s note: Relive the SpaceX Polaris Dawn historic commercial spacewalk as it happened. The Polaris Dawn crew can see a sunrise and sunset about every 106 minutes. Polaris Dawn crew members are seen within the SpaceX Crew Dragon capsule. Instead, the Polaris Dawn crew will receive their life support from long hoses attached to their spacecraft. Polaris Dawn crew member and SpaceX engineer Sarah Gillis is seen during the first commercial spacewalk.
Persons: , Polaris Dawn crew’s, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Isaacman, , ” Isaacman, Gillis, ” Mennon, Bill Nelson, ” Nelson, Hatch, we’ve, Garrett Reisman, Sarah Gillis, Elon Musk, ” What’s, they’re, Organizations: SpaceX Polaris, CNN, Polaris, SpaceX, Shift4, US Air Force, NASA, Space, ISS Locations: wiggling, U.S
New York CNN —The Republican nominee for president went on live TV and presented an unhinged, debunked Facebook rumor as fact. Scrolling on Facebook or X, it’s hard not to see some of that chaos creeping into the mainstream. Just a few weeks ago, the former president posted an AI-generated image on his Truth Social platform that suggested Taylor Swift had endorsed him. Of course, it was a fake image — the same kind of obvious AI slop that has overrun Facebook and X. Either Trump didn’t know the image was fake, or he didn’t mind lying to his followers and perpetuating the fake endorsement.
Persons: CNN Business ’, Donald Trump, , , Jake Tapper, It’s, Clare Duffy, Elon Musk, ” Musk, there’s, Alex Brandon, Barack Obama, Taylor Swift, Trump, he’s, Kamala Harris, Swift, JD Vance, who’s, “ Fine Taylor Organizations: CNN Business, New York CNN, Republican, 4chan, Meta, Trump, AP, Facebook Locations: New York, Ohio
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