Lifeboat Foundation

Twitter might attract FTC fines for non-compliance.

The world’s richest person Elon Musk has warned staff at this newly acquired social media company that bankruptcy was very much a possibility at Twitter. The result has been an exodus of top executives at the company, The Guardian.

Nearly two weeks after finally agreeing to acquire Twitter, Musk held an all-hands meeting at the company and once again spoke about the amount of money the company was losing. According to The Information, Musk warned that the current cash outflow rate at the company would lead to a negative balance of billions of dollars by 2023. His idea of Twitter Blue subscriptions was the only way to keep the company alive.

Elon feels that Starship is moving too slow so he is now throwing a lot more resources at it.

While Elon Musk earns daily headlines over changes at Twitter, a significant reorganization is underway at his space company’s Texas launch facility.

SpaceX president and COO Gwynne Shotwell and vice president Mark Juncosa – two of the most influential executives at the company aside from Musk himself – are now overseeing the facility and operations of the company’s Starbase location, people familiar with the situation told CNBC.

Continue reading “SpaceX shakes up Starship leadership in Texas as push for the rocket’s next milestone intensifies” »

Money transfer features are a “high priority” for the team.

Very important and completely useless.

He added: “Being asked to sign up for a mortgage when you have no interest in that whatsoever is annoying and spam.”

The Tesla CEO went on to describe his own penchant for social-media shopping and his targeted product advertising strategy would facilitate it.

“I’d love to see ads for gizmos. If I saw ads for gizmos, I love gizmos, of course, I’d buy them all in a click,” he said. “Even if they’re not that great, I’ll still buy gizmos. I love technology. I’ll see content for gizmos but not an ad or an ability to actually buy the gizmo.”

Tesla’s outspoken CEO thinks the biggest threat facing the planet is people not having enough babies. Demographers disagree.

SAN FRANCISCO — Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk painted a bleak financial picture for the social media company and outlined a series of changes for employees in his first companywide emails to staff.

In two emails sent to workers late on Wednesday, Mr. Musk said the economy was challenging. He added that he planned to end Twitter’s remote work policy and wanted employees to renew their focus on generating revenue and fighting spam.

“Sorry that this is my first email to the company, but there is no way to sugarcoat the message,” Mr. Musk, 51, wrote in one email. “The economic picture ahead is dire.” Twitter was too heavily dependent on advertising and vulnerable to pullbacks in brand spending, he added, and would need to bolster the revenue it gets from subscriptions.

Elon Musk doesn’t follow the same standards that most entrepreneurs do. He’s different, he likes to be different!

And when you’re different, and you’re not afraid to be, it’s okay to test a cigar (or should I say ‘joint’?) of tobacco mixed with marijuana, on Joe Rogan’s famous podcast. But if you look closely, Elon was just nice (polite) and followed Rogan’s elaborate script. Before trying it, Musk even asked him if it was legal.

Then all those facial expressions of Musk, which photojournalists love to catch, go viral as if he’s there promoting some soft drug or passing abroad that his office at Tesla (or SpaceX) is enveloped in a large cloud of smoke.

Quite the opposite. The expressions themselves spoke for themselves, as if to say, “This is nothing special, Joe. Why do you waste my time with these scenes”? Musk even claimed that weed is not good for productivity at all, but it has nothing against (as I do, by the way).

Continue reading “From ‘Chief Twit’ to ‘Twitter Complaint Hotline Operator’” »

Why does the world’s richest person need more cash?

Days after agreeing to acquire Twitter for his initial offer of $44 billion, Elon Musk sold off Tesla stock worth nearly $4 billion in the days between November 4 and November 8, the Wall Street Journal.

Last year, Musk became the world’s richest person riding on the stock value of his electric car-making company, Tesla. At its peak price of $410 a piece, Musk’s personal worth reached a never-before figure of $340 billion last year. As we turned into the new year, Tesla stock started shedding the rapid gains, and as 2022 draws to a close, it is now down 45 percent, a Bloomberg report said.