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☆ Elon Musk suggests Sam Bankman-Fried should go to prison, saying he needs an 'adult timeout in the big house'
  + stars: | 2022-12-05 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Elon Musk has suggested FTX cofounder Sam Bankman-Fried should go to prison. Musk said of the crypto boss: "Let's just give him an adult timeout in the big house & move on." This isn't the first time Musk has taken a swipe at Bankman-Fried following FTX's collapse. In a Twitter Space discussion last month, Musk said he felt there was "something wrong" when he met Bankman-Fried on an unknown date. Representatives for FTX and Musk did not immediately respond to Insider's request for comment made outside normal working hours.
☆ Twitter cofounder Biz Stone appears to slam Elon Musk over 'gross' release of 'Twitter files,' saying he's not a serious person
  + stars: | 2022-12-05 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Twitter cofounder Biz Stone appeared to criticize the platform's new owner, Elon Musk. In an apparent reference to Musk, following the leaks, Stone said he was "not a serious person." Resharing one of Musk's tweets about his plans for more "Twitter files," Stone simply wrote: "Gross." Musk originally teased the release of the so-called "Twitter Files" last week, claiming they would show "free speech suppression." In an apparent reference to Musk, Stone later tweeted: "He's not a serious person.
☆ Sam Bankman-Fried says he paid so little attention to expenses that he didn't realize he was spending too much, report says
  + stars: | 2022-12-02 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Sam Bankman-Fried claims he paid little attention to his company expenses, per Bloomberg. The FTX co-founder told Bloomberg he didn't realize he was spending more than he was taking in. When demonstrating the company's biggest cashflows to the Bloomberg journalist, Bankman-Fried listed $250 million in expenses for real estate and $1 billion for "fuckups." According to court documents filed by FTX's newly appointed CEO John J. Ray III, the company didn't have a formal accounting department. Company expenses, which reportedly included a $200 daily allowance for food delivery, were approved by emojis on online chats, according to a bankruptcy filing.
☆ Elon Musk says he'd be comfortable implanting a Neuralink brain chip in one of his children
  + stars: | 2022-12-02 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Elon Musk says he'd be comfortable implanting a Neuralink brain chip into one of his children. Speaking at a company event, Musk said such a move would not be dangerous, in his opinion. Neuralink's brain chip has tiny wires embedded with electrodes that monitor brain activity and aim to electrically stimulate the brain. He also said he planned to install a Neuralink brain implant in himself when the device is ready. "You could have a Neuralink device implanted right now and you wouldn't even know.
☆ Airbnb is launching a service to help renters find apartments they can let for short stays
  + stars: | 2022-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Airbnb is launching a program that will showcase "Airbnb-friendly apartment buildings" to rent. It will allow prospective renters to let their homes for short stays, per a press release. The company's co-founder says the service will help renters make more cash amid rising living costs. The company has partnered with major landlords to provide the service as renters are typically prohibited from listing their apartments on Airbnb, per CNBC. Airbnb said in a news release the service would help renters make extra cash during a difficult economic period.
☆ Elon Musk says he's confident Neuralink will be ready to put chips into human brains in the next 6 months
  + stars: | 2022-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Elon Musk says he's confident that Neuralink's chips will soon be inserted into human brains. The billionaire has set and missed multiple timelines for getting the brain chips into humans. At the event, Musk demonstrated the brain-computer interface technology by showing a video of a monkey apparently fitted with a Neuralink brain chip. Musk has set — and missed — multiple timelines for getting Neuralink's brain chips into humans. In 2019, Musk said the company hoped to get a brain chip into a human patient by the end of 2020.
☆ A Delta passenger says he was told TSA staff would arrive with guns to remove him from a plane after he asked to wait for his wheelchair
  + stars: | 2022-11-30 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
A passenger said Delta staff threatened him while he waited for his wheelchair to be brought to him. Cory Lee said he was told TSA staff with guns would arrive to remove him, per his Instagram post. Per the post, Lee said Delta staff "immediately got livid" after he refused to leave the plane until his wheelchair was delivered. Lee's request fell under the Air Carrier Access Act, which he cited in the Instagram post. A spokesperson for Delta told Insider: "The exchange in this video does not reflect the high standard of care Delta people aspire to every day.
☆ Tesla has lost its shine among some previously diehard fans, following Elon Musk's chaotic Twitter takeover
  + stars: | 2022-11-30 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
The Tesla brand has become unpopular with some former fans, following Elon Musk's Twitter takeover. Investor sentiment toward Tesla has also declined since Musk's Twitter deal, per Morgan Stanley. In addition, Tesla drivers say they are facing aggression on the road. An August report from Axios found Tesla drivers in Iowa were "routinely heckled, cut off in traffic, and blocked from charging stations." Tesla drivers who had been subject to abusive comments were also interviewed by the Guardian.
☆ Elon Musk says he plans to publish 'the Twitter Files' about free speech suppression on the social-media platform
  + stars: | 2022-11-29 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +3 min
Elon Musk has teased the release of "the Twitter Files" about "free speech suppression." Musk is a self-proclaimed "free speech absolutist" and has said he plans to embrace free speech on Twitter. Twitter's new owner tweeted on Monday: "The Twitter Files on free speech suppression soon to be published on Twitter itself. He added: "If free speech is lost even in America, tyranny is all that lies ahead." The Tesla CEO has been a longtime advocate of "free speech", although experts routinely question his wide interpretation of the First Amendment.
☆ Trump plans to continue his legal fight against Twitter despite being reinstated by Elon Musk, lawyer says
  + stars: | 2022-11-29 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Donald Trump will continue his legal fight against Twitter despite his ban being lifted by Elon Musk. Lawyers for Trump argue that the Twitter ban was "contrary to First Amendment principles," and amounted to "overtly partisan censorship," according to court documents. Despite Trump's Twitter account being reinstated, Coale said the former president had no intention to drop the case without reaching an agreement on terms to end the dispute, per Bloomberg. Coale said there had been no discussions with Twitter since Musk reinstated his account. Trump has repeatedly vowed to stay on Truth Social, a platform he founded, rather than return to Twitter if his ban was lifted by Musk.
☆ Elon Musk wants paid subscribers to account for 50% of Twitter's revenue, but half of its users won't pay to use the site, data shows
  + stars: | 2022-11-26 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +3 min
Elon Musk wants subscriptions to account for 50% of Twitter's total revenue. Many users say they won't pay for the service, however, according to a survey. Musk has said he wants subscriptions to account for 50% of Twitter's total revenue, according to a message by a VP on an internal company slack. The firm polled 2,063 US adults, 1,212 of which were Twitter users, from October 20 to October 28, the week Musk took over the company. The now-suspended Twitter Blue subscription had around 140,000 paying subscribers as of November 15, according to data published by The New York Times.
☆ Toxic company cultures are driving workers to quit their jobs. Here's how to spot the signs before accepting a job.
  + stars: | 2022-11-25 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +4 min
Toxic company cultures are the main reason that workers quit their jobs, according to research from MIT. Organizational psychologist Adam Grant says being aware of the signs of bad work culture can help. The research found that toxic work culture was the biggest cause of attrition, even more so than bad pay or job insecurity. How can candidates identify a bad work culture without insulting their potential employers? Grant recommends familiarizing yourself with the key signs of bad workplace culture and carefully analyzing the company stories and values.
☆ Former Yeezy employee says Kanye West would scream and throw books across the room, making them fear for their wellbeing
  + stars: | 2022-11-25 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
A former Yeezy worker said Kanye West would scream and throw books across a room, per Rolling Stone. The ex-staffer worked for the fashion brand on West's remote ranch in Wyoming, Rolling Stone reported. He asked around 90 employees to commute from LA or Portland, per Rolling Stone. "I feared for my well-being," the former staffer told Rolling Stone. The spokesperson said: "Adidas does not tolerate hate speech and offensive behavior and therefore has terminated the Adidas Yeezy partnership.
☆ Celebrities and CEOs including 'Selling Sunset' realtor Christine Quinn and Mark Zuckerberg swear by Costco's everyday essentials. Here are the some of the best bargains.
  + stars: | 2022-11-25 | by ( Kate Duffy | Beatrice Nolan | ) www.businessinsider.com   time to read: 1 min
The US retailer Costco has more than 100 million members across the world, but these people aren't just everyday shoppers. Costco Wholesale Dominic Lipinski - PA Images / Contributor / Getty ImagesCostco is drawing more attention as its fashion department goes viral on social media. The search term "Costco clothing finds" has been used 2.1 billion times on TikTok and the hashtag #costcofashion has more than 10.8 million views. Other Costco hashtags include #costcocouture, with six million views, and #costcoclothes with more than 15.5 million views. The TikTok videos involve people showing trendy Costco clothes for cheap prices.
☆ A former Yeezy employee said working for Kanye West was like being in a cult and she's had therapy since leaving the company
  + stars: | 2022-11-25 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
A former Yeezy employee said the culture at the company was "cult-like," per Rolling Stone. She told the publication she'd been trying "cult deprogramming" techniques since leaving Yeezy. More than a dozen former Adidas and Yeezy employees spoke to the publication about their experiences at Yeezy. The former Yeezy employee told the publication she had been looking for West's approval "and that's why we would work so much." The Adidas spokesperson told Insider: "Adidas does not tolerate hate speech and offensive behavior and therefore has terminated the Adidas Yeezy partnership.
☆ Kanye West made a Yeezy designer sit on the floor during an hours-long meeting and told her she didn't 'deserve to sit at the table,' report says
  + stars: | 2022-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +3 min
Kanye West once made a designer sit on the floor for an hours-long meeting, per Rolling Stone. The ex-staffer cited by the publication said the incident started with a disagreement between West and the young designer. "You don't deserve to sit at the table," the former employee recalled West saying before making the designer sit on the floor for the rest of the meeting, which they said lasted hours. A spokesperson for Adidas said: "Adidas does not tolerate hate speech and offensive behavior and therefore has terminated the Adidas Yeezy partnership. "Having said this, we will not discuss private conversations, details or events that lead to our decision to terminate the Adidas Yeezy partnership and decline to comment on any related speculation."
☆ Thousands of users mistakenly signed up to a management firm called Hive instead of buzzy Twitter alternative, Hive Social
  + stars: | 2022-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Many of those signing up had mistaken the management platform for social-media site, Hive Social. Many of the people who registered had mistaken the site for Hive Social, which is quickly becoming a favored alternative to Twitter. Hive Social is a mobile-only platform that is similar to Twitter but doesn't use any of the algorithms that control what users see. "The majority of these posts are words of gratitude for a Twitter alternative," Wilson said. Hive Social has exploded in popularity as some social-media users look for an alternative to Twitter.
☆ Hiring freezes and layoffs are happening everywhere. Here's what you should do next if your company hits pause on hires.
  + stars: | 2022-11-24 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +5 min
Several tech companies have introduced hiring freezes and layoffs to brace for a potential economic slowdown. "It's like almost every second day you're hearing about a new company or big tech company announcing hiring freezes," Nikita Gupta, founder of resume review company FAANGPath, told Insider. Although these pauses are primarily a problem for job seekers, hiring freezes can also cause employees to worry about job security. Some roles are also less likely to be affected by hiring freezes. Find out what your company is prioritizingCompanies that implement hiring freezes will be looking at their business costs.
☆ Twitter employee says the NY office cafeteria is serving 2 types of mac and cheese but grilled shrimp is off the menu, as cost-cutting continues
  + stars: | 2022-11-23 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Changes have been made to a cafeteria menu amid Elon Musk's cost-cutting at Twitter, per the NYT. One employee said the New York office was no longer offering grilled shrimp on Monday. Twitter's free food and drink is transitioning to a "partially paid" model, according to an email sent to Twitter employees and seen by Insider. In the future, most Twitter employees will have to pay for much of the food at the company, and home WiFi and team activities would no longer be paid for. Allowances would be re-evaluated over time and could be added back when the company's financial situation improves, according to the email sent to employees.
☆ Stephen King jokes that Mike Lindell's My Pillow will soon be the only advertiser left on Twitter
  + stars: | 2022-11-23 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Stephen King has slammed Elon Musk on Twitter again. "Pretty soon the only advertiser left on Twitter will be My Pillow," the best-selling author tweeted on Tuesday, referring to the bedding company led by controversial Donald Trump supporter and conspiracy theorist Mike Lindell. Musk responded to King's latest jibe with a joke poking fun at the tweet: "Is My Pillow actually a great pillow? Despite Elon Musk reinstating some banned accounts last week, Lindell's Twitter suspension has yet not been lifted. "Speaking of bad jokes, Elon Musk says Trump can get back on Twitter," the author said on Monday.
☆ Elon Musk called Nine Inch Nails frontman Trent Reznor a 'crybaby' after the musician said he's quitting Twitter to protect his mental health
  + stars: | 2022-11-22 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Elon Musk called Nine Inch Nails frontman Trent Reznor a 'crybaby' for quitting Twitter. Several celebrities have quit Twitter since Musk bought the the social-media platform. Last week, Musk reinstated Former President Donald Trump's Twitter account, which was suspended in the wake of the 2021 Capitol riot. Responding to a tweet about Trump's reinstatement by a MAGA troll account, Musk said: "And it turns out that Trent 'nine inch nails' Reznor is actually a crybaby." In his interview with The Hollywood Reporter last week, Reznor said of Twitter and Musk: "I'm about to depart.
☆ Twitter recruiters are already asking external engineers to join 'Twitter 2.0 — an Elon Company,' reports say
  + stars: | 2022-11-18 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Twitter recruiters are reportedly reaching out to engineers asking them to join "Twitter 2.0." Less than half of Twitter's roughly 4,000 staff agreed to commit to Musk's "extremely hardcore" Twitter, Insider's Kali Hays reported. One external engineer received a message from Twitter recruiters asking if they wanted to join "Twitter 2.0 - an Elon company," per The Verge. Orosz said on Twitter: "Twitter starting to hire externally. Internally, polls of Twitter software engineers show only around 25% of engineers planned to stay at the company for "Twitter 2.0," per The Pragmatic Engineer.
☆ Twitter employees flooded internal Slack channels with goodbye salute emojis and farewell messages as Musk's 'hardcore' stay-or-go deadline passed
  + stars: | 2022-11-18 | by ( Beatrice Nolan | Kali Hays | ) www.businessinsider.com   time to read: +2 min
Twitter staff flooded internal Slack channels with salute emojis Thursday as Musk's stay-or-go deadline passed. ET Thursday to commit to Musk's "hardcore" vision of be laid off. Fewer than half of Twitter employees have accepted Musk's ultimatum, Insider reported. Twitter's largest Slack channel, "social watercooler," was flooded with salute emojis — company shorthand for saying goodbye to coworkers — Insider's Kali Hays reported. Twitter staff who appear not to have committed to Musk's vision also posted salute emojis on Twitter itself.
☆ Tennessee AG says he's probing the Taylor Swift Eras presale meltdown amid customer complaints about Ticketmaster
  + stars: | 2022-11-17 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Tennessee AG Jonathan Skrmetti said he's looking into the Taylor Swift Eras presale meltdown. On Tuesday, Swift fans complained of long wait times and outages on Ticketmaster. "You would think Ticketmaster would be prepared," Skrmetti said. At a news conference, Skrmetti said he's investigating consumer complaints about the presale and said antitrust violations "could be an issue," per Bloomberg. He added: "As an industry player, you would think Ticketmaster would be prepared.
☆ Sam Bankman-Fried says filing for bankruptcy at FTX was his 'biggest' mistake and the people now running the company are 'trying to burn it all to the ground out of shame'
  + stars: | 2022-11-17 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Sam Bankman-Fried has said his "biggest single " mistake at FTX was filing for bankruptcy. Bankman-Fried said those now in charge of the company were "trying to burn it all to the ground." "You know what was maybe my single biggest fuckup?" Bankman-Fried suggested to Vox that "everything would be ~70% fixed right now" if FTX hadn't filed for bankruptcy. FTX has been accused of misusing customer funds to prop up another company owned by Bankman-Fried, the trading firm Alameda Research.
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