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Musk Restores Alex Jones’s X Account After Vote From Users

Musk Restores Alex Jones’s X Account After Vote From Users

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In a surprising turn of events, tech mogul Elon Musk has reinstated the account of controversial conspiracy theorist Alex Jones on his social media platform X. The decision came in response to a poll initiated by Musk himself, allowing users to vote on whether Jones should regain access to the platform.

Musk Restores Alex Jones’s X Account After Vote From Users

Image Source: bloomberg.com

Jones, infamous for his incendiary statements and the ban of his Infowars site in 2018, found his voice silenced across various platforms due to his controversial remarks, particularly regarding the tragic 2012 shooting at Sandy Hook Elementary School. His persistent claims, dismissing the event as a staged effort to tighten gun laws, drew widespread condemnation and legal action.

Relatives of the victims pursued legal action against Jones in Connecticut and Texas, resulting in substantial judgments against him, amounting to over a billion dollars. Despite his appeals and attempts to use bankruptcy protection, a recent Texas court ruling barred Jones from evading the payments to the affected families.

Musk’s Crowd-Sourced Decision

Elon Musk, CEO of Tesla and owner of X (formerly known as Twitter), orchestrated a poll over the weekend, querying users about the reinstatement of Jones. Surprisingly, 70% of respondents voted in favor of restoring Jones’ account. Responding to the poll results, Musk took to Twitter, stating, “The people have spoken and so it shall be.”

In the wake of this decision, Jones’ posts swiftly reappeared on the platform. Musk defended the move as a safeguarding of free speech rights and assured users that X’s crowd-sourced fact-checking service would promptly address any of Jones’ posts requiring correction.

Also Read: How to Stop Facebook and Instagram From Spying on Your Internet Activity

Continued Controversy and Responses

The decision to reinstate Jones has ignited fresh debates about the balance between free speech and responsible platform governance. Critics express concerns about the propagation of misinformation and the potential impact on public discourse. However, Musk’s move underscores a commitment to honoring user opinions within the platform’s ecosystem.

The restoration of Jones’ account signifies a pivotal moment in the ongoing discourse surrounding online content moderation and the boundaries of free speech in the digital sphere. As reactions continue to pour in, the decision’s implications and the ensuing discourse are likely to shape future conversations about online platform governance and user participation in content policies.

Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer

Elon Musk’s SpaceX Valued at $175 Billion or More in Tender Offer

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Billionaire entrepreneur Elon Musk’s SpaceX is on the brink of a financial breakthrough, with talks of an imminent tender offer setting its valuation at a staggering $175 billion or potentially higher. Reports from Bloomberg have unveiled discussions hinting at a tender valued between $500 million and $750 million, proposing a per-share price around $95.

While negotiations unfold, the terms and size of the offer remain adaptable, contingent upon the inclinations of both existing shareholders and prospective buyers within the company, sources disclosed to Bloomberg. This marks a substantial leap from the $150 billion valuation SpaceX garnered in a previous tender offer earlier in the year, catapulting the company into the echelons of the world’s top 75 firms by market capitalization.

Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer

Image Source: bqprime.com

Headquartered in Hawthorne, California, SpaceX, under Musk’s guidance, has cemented its supremacy in the commercial space launch services sector, primarily driven by its Falcon rockets. Its client base spans private-sector enterprises, governmental bodies like NASA, and various entities, establishing an unwavering foothold in the industry.

Moreover, SpaceX’s operation of Starlink, an internet service bolstered by an expanding fleet of satellites in low-Earth orbit, serves as a robust revenue stream, further solidifying its position.

Growth Trajectory and Future Prospects

Recent estimates from Bloomberg News suggest SpaceX’s revenue for the ongoing year could reach approximately $9 billion, propelled by its rocket launches and Starlink endeavors. Projections paint a promising picture, indicating a potential surge in sales to around $15 billion by 2024, underlining a trajectory of exponential growth.

In a strategic move, discussions are swirling around the possibility of an initial public offering (IPO) for Starlink by late 2024. This initiative aims to capitalize on the burgeoning demand for space-based communication services, showcasing SpaceX’s proactive stance in seizing market opportunities.

Also Read: Microsoft Launches Seeing AI Android App for Low-Vision And Blind People

Silence Amid Speculation

Official statements from SpaceX, also known as Space Exploration Technologies Corp., are notably absent, as the company refrains from commenting on the ongoing speculations and discussions, as highlighted in the Bloomberg report.

The current developments signify a pivotal moment for SpaceX, propelling the company to new valuation heights while positioning itself for potential strategic maneuvers in the near future.

Elon Musk's Starlink achieves breakeven cash flow, says system is on all active satellites

Elon Musk’s Starlink achieves breakeven cash flow, says system is on all active satellites

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Elon Musk, the chief executive officer of SpaceX, announced on Thursday that the corporation’s four-year-old satellite internet business segment, Starlink, has reached breakeven cash flow. He shared the announcement on his own social media network, X (Formerly Twitter), in a post.

He said that Starlink “is also now a majority of all active satellites and will have launched a majority of all satellites cumulatively from Earth by next year.”

techcrunch.com

It needs to be clarified if the breakeven achievement applies to the entire quarter or just a certain amount of time. Whatever the case, the accomplishment raises the possibility that SpaceX is very close to going public with Starlink through an initial public offering (IPO), as Musk had previously stated the business would do if cash flow stabilised.

Gwynne Shotwell, president and chief operating officer of SpaceX, said previously this year that Starlink was on its way to a cashflow positive quarter in 2022, suggesting that its financial results were starting to become more predictable.

Defence-Focused Version of Starlink by SpaceX

Elon Musk's Starlink achieves breakeven cash flow, says system is on all active satellites

Image Source: economictimes.indiatimes.com

At present, there are over 5,000 satellites in Starlink’s mega-constellation, all of which were set up by SpaceX rockets. SpaceX released the first functional Starlink birds in 2019, and the business’s capacity to evolve to an extent that far outpaces competitors can be attributed to this vertical integration.

Following that time, the network has expanded to include almost 2 million users across a variety of sectors, including consumer, marine, and aviation.

Also Read: Google Didn’t Rush Bard Chatbot to Beat Microsoft, Executive Says, Prioritizing Quality Over Speed

Starlink has been in the headlines lately because of its involvement in a number of global conflicts, such as the recent war in Ukraine and, just lately, the confrontation between Israel and Hamas. Currently, SpaceX launched Starshield, a variant of Starlink which is primarily focused on defence, indicating the Pentagon’s intent on acquiring satellite internet capabilities.

SpaceX is estimated to be worth 150 billion dollars. The Wall Street Journal wrote in September that the corporation recorded a total of $1.4 billion in earnings the previous year.

Musk Tells X Staff New Products Will Challenge YouTube, LinkedIn

LinkedIn and YouTube Days are Over? Musk Hints at New Video and Professional Platform

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In a landmark all-company meeting held to commemorate one year since Elon Musk’s takeover of Twitter, the social media site now known as X, both Musk and X’s CEO, Linda Yaccarino, unveiled ambitious plans that may put YouTube and LinkedIn on the defensive. This meeting, the first time Musk and Yaccarino jointly addressed the entire company, marked a significant shift in X’s strategic direction.

Musk Tells X Staff New Products Will Challenge YouTube, LinkedIn
Image Source: tech.hindustantimes.com

Musk, the world’s richest man, made headlines in October 2022 when he closed a $44 billion deal to take Twitter private, subsequently implementing sweeping changes within the platform, which led to the departure of numerous executives and staff. During the recent meeting, Musk and Yaccarino made it clear that their vision for X extends beyond being a mere social media platform.

The duo identified YouTube and LinkedIn as future competitors while hinting at plans to challenge them with yet-to-be-disclosed products. These products, shrouded in secrecy, have left industry experts and X users curious about what innovations Musk and Yaccarino have in store.

One striking revelation from the meeting was the mention of “XWire,” a news wire service that aims to rival Cision’s PR Newswire. While details about XWire remain scarce, this announcement underlines X’s expanding influence in the media and information-sharing landscape.

Linda Yaccarino, who assumed the role of X’s CEO in May after a distinguished career at NBCUniversal, has focused on nurturing relationships with advertisers. In contrast, Musk has been on a mission to revamp the platform. He introduced premium subscriptions, redefined account “verification,” and harnessed the power of crowd-sourced fact-checking through the Community Notes feature.

As X charts its course, the executives seem confident in their platform’s direction, emphasizing the rapid growth they’ve witnessed over the past year. They proudly point to an impressive user base of 500 million, although some third-party estimates cast doubt on the accuracy of this figure.

Although the specifics of X’s impending competition with YouTube and LinkedIn remain unclear, the message from Musk and Yaccarino indicates a determination to challenge the status quo. This news comes on the heels of their recent internal memo, where they stated that X is “now positioned for growth” and highlighted “a decade’s worth of innovation in just 12 months” on the platform.

Also Read: Apple Raises Prices of TV+ to $9.99 from $6.99 per Month

In addition to these plans, X is exploring opportunities in the payments sector, aiming to provide enhanced financial tools that will offer more opportunities to individuals and businesses. This expansion beyond social media into the realms of news wire services, video, and financial technology signals X’s ambitions to diversify and become a multifaceted player in the digital landscape.

The future holds exciting prospects for X and its users as they eagerly await the unveiling of Musk and Yaccarino’s groundbreaking initiatives that could reshape the digital world and redefine the competition with industry giants like YouTube and LinkedIn.

Elon Musk's Neuralink to Start the human trial of Brain implant for paralysis Patients

Elon Musk’s Neuralink to Start the human trial of Brain implant for paralysis Patients

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Neuralink, a brain-chip business founded by Elon Musk, declared on Tuesday that it received permission from an independent evaluation board to begin hiring volunteers for the first human trial of its brain implant intended for paralyzed people.

Elon Musk's Neuralink to Start the human trial of Brain implant for paralysis Patients
Image Source: ommcomnews.com

The experiment will take into account those who have ALS (amyotrophic lateral sclerosis) or cervical spinal cord wounds that have caused paralysis, however, the precise number of individuals who will participate has not been made public. It is anticipated that the trial will last around six years.

The brain-computer interface (BCI) will be surgically implanted in the part of the brain that controls movement intentions as part of a Neuralink study. The initial objective is to empower.

Neuralink had initially planned to get permission to implant its gadget in ten patients.

However, due to concerns regarding safety highlighted by the US Food and Drug Administration (FDA), discussions with the agency resulted in a probable decrease in the overall number of patients. The precise number of patients who received FDA approval is not yet public knowledge.

Elon Musk has bigger plans for Neuralink, hoping to make it easier to put its chip devices during surgery to treat issues including obesity, depression, autism, and schizophrenia. However, experts agree that even if the BCI gadget proves to be safe for human use throughout this study, it may take the business over ten years to obtain commercial usage permission.

Neuralink had previously announced that it had gotten FDA approval for its first human clinical study in May. However, the business was already being investigated by the government for how it handled animal experiments at the time.

Beginning this human study is a critical turning point for Neuralink and a step closer to realizing Elon Musk’s ambition of cutting-edge brain-chip technology.

Also Read: AI Startup Corti Raises $60 Million to Take on Microsoft in Health Care

Based on a report by WIRED, it is now clouded since concerns have been raised regarding claims made by the multi-billionaire surrounding the deaths of monkeys used in Neuralink’s research. According to the article, a medical ethics organization has requested that the Securities and Exchange Commission of the United States (SEC) look into Musk’s assertions that the deaths of the monkeys had nothing to do with the implants made by Neuralink. The organization contends that veterinarian records show that implant-related issues were the real cause of the animals’ deaths.

X to Get Rid of Ability to Block Accounts, Owner Elon Musk Says

X to Get Rid of Ability to Block Accounts, Owner Elon Musk Says

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As the platform change continues, Musk is presently making his first trip to Japan in more than nine years. Particularly, it has undergone significant branding adjustments, moving away from Twitter and evolving into X. Now providing a significant modification to its features and services.

X to Get Rid of Ability to Block Accounts, Owner Elon Musk Says
Image Source: thesouthafrican.com

A number of the richest people in the world have had a very fascinating few months. He has announced a legal war with fellow internet billionaire Mark Zuckerberg and implemented a temporary makeover to the social media network he possesses. He is now promising that the application will shortly be discontinued without a long-held functionality.

Elon Musk has specifically said that blocking accounts would no longer be an option on X, formerly known as Twitter. Tesla’s chief executive officer reacted to a message asking whether it is ever appropriate to mute or block someone else. The function would thereafter, according to Musk, quickly be deleted since it makes absolutely no sense.

“Block is going to be deleted as a ‘feature,’ except for DMs,” Musk tweeted in response to a question by Tesla Owners in Silicon Valley. “It makes no sense.”

forbes.com

“These individuals do not seek discourse; they aim to inflict pain,” the organization said in a response to Musk. “Blocking is a necessary step to ensure that these harmful voices don’t persist in their repetitive attacks on memory.”

forbes.com

The Auschwitz Memorial’s X profile instantly argued against this claim, claiming that the association censors those who incite hate as well as holocaust denial.

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Nevertheless, as others have pointed out, X cannot simply decide to stop allowing users to be blocked if Musk & CEO Linda Yaccarino desire to continue using well-known international distribution platforms like the App Store for iOS or the Android platform’s Google Play. Apps that provide user-generated material must provide blocking as a functionality, according to Apple’s App Store safety rules.

The wealthy owner has referred to himself as an ardent supporter of free expression, but some have criticised his attitude as being reckless. Since he became over, analysts have discovered a rise in offensive content and discriminatory material on the site, and several governments have charged the firm with failing to act properly to control its content.