Lifeboat Foundation

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.

Mark Rylance & Trudie Styler on AI, Singularity, Othering, Empathy, and Evolution.

Actor Mark Rylance and director/activist Trudie Styler sit down with Kyle Meredith to talk about Spark Hunter, a new audio drama about the world’s most advanced AI having dinner with her maker over a philosophical discussion to determine if she represents a new hope for the world, or its destruction. The two discuss how the Dalai Lama brought them together, what it means to have standing inside the laws of nature, and the points of othering, racism, empathy, and evolution that the spy-drama digs into. Rylance, who also starred in Ready Player One and Don’t Look Up, and Styler also consider if we’ll ever see singularity or if robots should even aspire to be more human, especially considering folks like Elon Musk and his actions.

Baron isn’t done betting on Tesla CEO Elon Musk, even as he dives headfirst into his new Twitter venture. “We have made a lot of money with him,” Baron said, adding that Tesla makes up 40% of his Baron’s Partners fund because his cost is so low at about $13 per share.

“I think in 2025 it [Tesla stock] will be $500 to $600. And in eight to ten years we ought to be somewhere around $4.5 trillion,” Baron said.

Baron agrees with Musk’s recent comments that Tesla could grow to be bigger than Apple and Saudi Aramco combined, which implies a valuation of more than $4 trillion.

They were apparently fired by mistake.

Elon Musk-led Twitter is now contacting dozens of its ex-employees that were laid off in the Friday mass firing to return back to work, Bloomberg.

Getty Images / CARINA JOHANSEN

Continue reading “Elon Musk’s Twitter reportedly asks dozens of fired employees to return back” »

Elon Musk from his Twitter bully pulpit tells U.S. voters for whom they should cast their ballots.

When social media first arrived I hoped it would facilitate global engagement and serve to advance humanity’s common purpose.

BOSTON (AP) — Elon Musk tweeted Sunday that Twitter will permanently suspend any account on the social media platform that impersonates another.

The platform’s new owner issued the warning after some celebrities changed their Twitter display names — not their account names — and tweeted as ‘Elon Musk’ in reaction to the billionaire’s decision to offer verified accounts to all comers for $8 month as he simultaneously laid off a big chunk of the workforce.

“Going forward, any Twitter handles engaging in impersonation without clearly specifying “parody” will be permanently suspended,” Musk wrote. While Twitter previously issued warnings before suspensions, now that it is rolling out “widespread verification, there will be no warning.”

The investment giant was inspired by Tesla’s Optimus to conduct the report.

A new Goldman Sachs report is revealing that humanoid robots could be a $154 billion-a-year business within the next 15 years, according to a report.

Continue reading “Humanoid robots could generate $154 billion in revenue over next 15 years, Goldman Sachs report” »