Category Archives: Elon Musk

U.Today - In a significant development for the cryptocurrency market, Yassine Elmandjra, Director of Digital Assets at ARK Invest, recently disclosed that 's hash rate has reached an unprecedented milestone of 500 exahashes per second, marking an all-time high for the digital currency.

Elmandjra illustrated the magnitude of this achievement by drawing attention to several notable comparisons. Notably, the Bitcoin network is currently processing five billion computations per second for each star in our galaxy. To match the hash rate of the BTC network, the entire global population, with each individual contributing one hash per second, would require approximately 2,000 years. In terms of raw operations per second, Bitcoin surpasses the world's most powerful supercomputer by a factor of 500.

Reacting to this news, Elon Musk, a prominent advocate for cryptocurrencies, expressed his response with a succinct, yet powerful message.

Notably, at a recent conference, Musk entertained the idea of using BTC on Mars, asserting its feasibility despite the logistical challenges posed by the planet's distance from the sun.

As Bitcoin achieves new heights, Musk's reaction underscores the growing significance of digital assets in mainstream finance.

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Elon Musk Surprisingly Reacts to Bitcoin's Epic Surge By U.Today - Investing.com

Elon Musk has said his social media company X, previously known as Twitter, will fund Irish legal challenges to forthcoming hate speech legislation.

The businessman and investor warned of risks associated with laws that aim to curb free speech, and said there was a need to challenge them.

In an online interview with Gript, Mr Musk said Xs default position is that it will challenge any laws it believes would infringe upon someones ability to say what they want to say.

He was speaking in relation to Irelands pending Criminal Justice (Incitement to Violence or Hatred and Hate Offences) Bill, which Minister for Justice Helen McEntee had said would be progressed early this year.

And we will also fund the legal fees of Irish citizens that want to challenge the Bill as well, said Mr Musk whose X platform has its European headquarters in Dublin. So well make sure that if there is an attempt to suppress the voice of the Irish people that we do our absolute best to defend the people of Ireland and their ability to speak their mind.

[It is absurd to claim Roscrea is full. The towns real problem is depopulation]

[EU law on harmful speech could make Irelands hate offences Bill obsolete]

He said there should be concern if the Irish parliament defined hate speech in its own terms.

People should be extremely concerned about that. Youre just at the mercy of the ruling party and whatever bureaucrats they put in place. And they can just define something that really is not hate speech as hate speech just because they dont like it.

In relation to misinformation and disinformation, he said unlike in newspapers, X had a community notes function which allowed its users to add responses and comments on peoples tweets.

The biggest lie in the media is the choice of narrative. Because they can simply ignore anything they dont like and they can overly focus on things that they do want to talk about, he said.

Briefly addressing environmental policy, Mr Musk said changes to farming practices were entirely unnecessary.

There is absolutely no need to do anything to farming. Changing farming will have no effect on the environment, he said.

Its totally fine, stop attacking the farmers they can just keep doing what theyre doing. There is only one thing that really matters with respect to the environment and that is how many billions of tonnes of CO2 do we take out of the ground and put into the atmosphere.

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Elon Musk pledges to fund any Irish legal challenges to hate speech legislation - The Irish Times

The fix is in, apparently.

MrBeast, the most popular creator on YouTube, uploaded his latest YouTube video to Elon Musk's X for the first time. According to MrBeast, he was "curious" about "how much ad revenue" he would make from the upload, so he uploaded the video directly to the platform as a "test."

Now, X users are reporting that MrBeast's post containing the video upload is being forced into their feed multiple times a day as an unlabeled advertisement.

"This has shown up in my feed maybe 7 times now," posted one X user, referring to the MrBeast video. "It is both missing the post time next to the username (indicative of a normal user post) and the Ad indicator on the top right."

The user is referring to the proliferation of apparently unlabeled ads, a fairly recent phenomenon on X that began after Musk acquired the company in October 2022. It is one that Mashable has previously reported on.

X has served some of its users unlabeled advertisements since September of last year. These ads appear in a users' feed without any "ad" or "promoted" label that the platform usually affixes to paid posts. However, users can tell that these are unlabeled ads and not organic posts because they are missing the date the post was published, which are shown on posts but not ads. In addition, as Mashable previously reported and as the quoted X user also discovered, users can still find an option to tell X that they are "not interested in this ad" in the dropdown ellipsis icon menu on unlabeled ads. This option does not appear for organic posts.

Adtech watchdog Check My Ads has already previously filed a complaint against X with the FTC over the company's lack of transparency regarding this labeling issue.

An X employee claimed to Ryan Broderick of the Garbage Day newsletter in a recent report that because there's a labeled pre-roll video ad that plays before MrBeast's video, the company considers that to be the disclosure. This, according to the X employee, explains why there's no "ad" or "promoted" label affixed to the actual Mr Beast post itself.

That doesn't make any sense. The pre-roll video ad is a completely different advertisement. If viewers are being served MrBeast's post in their feed and it isn't organically showing up and the aforementioned attributes point to it being served via X's advertising platform then MrBeast's post containing the video is a completely separate advertisement, and needs to be labeled as such.

In fact, as some other X users have pointed out, older versions of the X app indeed show MrBeast's post with the "promoted" label which means it is being served to users via X's advertising platform.

We should note here that it's possible that some users are being served MrBeast's post organically. Many ads on X are published as regular posts and then later boosted through its ad platform. The instances mentioned in this piece, however, are promoted posts being served through X's ad platform.

So, it appears that X is juicing MrBeast's impressions via unlabeled ads. One can certainly argue whether this lack of transparency is intentional or not, but this does seem to be what's happening.

Musk's vision for X, the platform formerly known as Twitter, depends heavily on video content. X CEO Linda Yaccarino's big announcement at this year's CES, for example, was that the company signed former CNN host Don Lemon, sports radio host Jim Rome, and Fox News contributor Tulsi Gabbard to exclusive video deals.

Musk has been known to drop into creators, influencers, and other media figures' replies and urge them to upload their content directly to X. In fact, he did this very thing to MrBeast on a few occasions.

MrBeast, whose real name is Jimmy Donaldson, previously voiced opposition to uploading to X. According to MrBeast, his videos cost too much to produce, and YouTube was the only platform that could compensate him fairly for the amount of views his content receives. But MrBeast was apparently convinced to try uploading directly to X at least once as a "test."

If Musk wins over MrBeast entirely with a big payday based on how his video upload performs, then the X owner just secured the most popular content creator on the internet for his multimedia vision for the future of X.

MrBeast has commented on his "test" just a few times since posting the video earlier this week.

The creator appeared shocked that his post had over 100 million views. (As of publication, Mr Beast's post has 128 million views.) However, on X, views aren't counted like they are on video platforms like YouTube. On the contrary, those "views" are actually just impressions on the post itself, not the number of people who played MrBeast's video. In May 2023, Musk had X remove the public video view count from the platform, so it's unclear now how many actual views a video gets on X.

In his latest post, MrBeast has asked his followers to vote on just how much they think X will pay him as part of the ad revenue share program: $10, $10,000, $100,000, or $1 million.

It's almost impossible to tell how much MrBeast will rake in due to how X's creator monetization program works. X users can only participate in the monetization program if they are paying subscribers to X's monthly subscription programs like X Premium or X Premium+. In addition, X only pays creators for ads that appear in the replies to their posts. Furthermore, only impressions from other paying X Premium subscribers count towards monetization.

As Mashable has previously reported, X's payout amounts to each creator seems completely arbitrary. X employees have shared that users can't really calculate how much they'll actually make as pay isn't determined by a set number of views like they are on other platforms. Those who have made the most on X appear to mostly consist of Musk's personal favorite political commentators, Tesla fans, and meme accounts.

And, of course, we've yet to mention that Musk himself promoted MrBeast's video to his 169 million followers.

MrBeast has promised to share just how much he makes from X's monetization program from this test. So, we'll soon find out the answer to that question. Whatever MrBeast makes though, it seems clear that X put its fingers heavily on the scale to make sure circumstances favored a massive view count.

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X appears to be juicing MrBeast's views as Elon Musk tries to woo the YouTuber to the platform - Mashable

You dont need to drill a hole in your head and implant a microchip in order to lose weight. There are much safer ways of slimming downincluding a new class of very promising drugs that make weight-control brain-computer interfaces (BCIs) seem downright perilous in comparison.

Conspiracy-peddling billionaire Elon Musk raised the prospect of computer-chip-aided weight-loss back in April, while discussing his Neuralink BCI in a TED interview. I think you can solve a very wide range of brain injuries, Musk said, including severe depression, morbid obesity, sleep [disorders and] restoring memory in older people.

Its not an outlandish claim. Neuralink, like other experimental BCIs, rewires the nervous system. People suffering from paralysis have used the implants to regain partial control of their limbs. BCIs can even translate neural impulsesthoughts, basicallyinto radio signals and transmit them to drones, computers, or other devices.

So its not inconceivable that someone suffering from morbid obesity could use a BCI to bypass the parts of their brain that urge them to overeat. But there are problems. For starters, while there are BCIs that people can wear like hats, the most versatile and sensitive oneslike Neuralinksrequire brain surgery. Surgeons literally drill a hole in the patients skull and implant the device.

Its invasive and risky under the best of circumstances. Implanted BCIs pose surgical risks, such as infection and rejection, according to the U.S. Government Accountability Office.

There might be reasons to be especially concerned about Neuralink. Federal authorities opened an investigation into the California-based company last year after employees complained of rushed testing that inflicted unnecessary harm on animal test subjects. Despite this, in September an independent review board gave Neuralink the go-ahead to recruit human test subjects for a lengthy series of trials.

In any event, there are medical interventions for morbid obesity that are likely much safer than any experimental brain device could ever be. Most notably, a new class of drugs called glucagon-like peptide 1 agonists, or GLP-1s. It might be more popularly known by its commercial analog Ozempic.

Originally used for treating diabetes, GLP-1s also helps curb hunger. Scientists arent totally sure how they work, but the Mayo Clinic in Minnesota pointed out that the drugs slow the movement of food from the stomach into the small intestine. As a result, you may feel full faster and longer, so you eat less.

The U.S. Food and Drug Administration approved the first GLP-1 solely for the treatment of obesity, Eli Lillys Zepbound, last month. After large-scale trials, the FDA concluded the injected drug was safe and effectivebut stressed that it worked best when taken in conjunction with a reduced-calorie diet and an increase in physical activity.

The best part? No brain surgery.

When it comes to controlling hunger, both implants and drugs seem to come with an obvious potential for abuse. Imagine someone with an eating disorder gaining, by way of a drug or brain implant, total control of their hunger impulses.

But Tracy Richmond, a doctor who treats eating disorders at Boston Childrens Hospital, downplayed that risk. Clinicians are pretty skilled at identifying eating disorders and withholding any interventionsurgical or otherwisethat might exacerbate the conditions, she told The Daily Beast. Most of the time, people could be screened out if they have an eating disorder.

If anything, a hunger-controlling drug or brain implant risks causing an eating disorder. Richmond cited an historical precedent: the Minnesota Starvation Experiment in 1944 and 1945. In that government-assisted experiment, University of Minnesota researchers restricted the diets of 36 volunteers for six months before adding back caloriesessentially starving them in order to understand the effects of famine and post-famine conditions.

The researchers were shocked to find that many of the test subjects developed anorexia in the aftermath of prolonged starvation, and voluntarily restricted their caloric intake even when food was abundant. When many people are underfed relative to where their body wants to be, their thoughts go to more obsessional thoughts, Richmond said, meaning starving people sometimes become obsessed with starving.

Few medical interventions are totally risk-freebut some are much riskier than others. When it comes to weight-loss, its obvious which interventiona GLP-1 or a brain implantis safer. The molecular approach is an effective way to target the hunger systems fairly specifically and with far less risk than an implant, Samuel Hires, a University of Southern California neurobiologist, told The Daily Beast.

BCIs are a promising technology. But it doesnt change the fact that BCI experiments have mostly involved human subjects with serious conditions for which there are no other treatments such as paralysis, for example.

Before you drill a hole in your head and implant a device for treating some condition, you might want to exhaust all other options first. That might mean trying a drug like GLP-1, or good old fashioned diet, exercise, and discipline.

And besides, given the promise of safe and effective GLP-1 drugs, the FDA might never approve a brain-chip for weight-loss. I dont see a realistic path to market for invasive BCI for obesity now that GLP-1 agonists have rolled out, Hires said.

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Elon Musk Wants You to Use Neuralink to Lose Weight. That's a Bad Idea. - The Daily Beast

A federal judge ruled on Friday that Twitter, now known as X, violated a contract with employees when it failed to pay tens of millions of dollars worth of bonuses, denying the social media companys attempt to get the case tossed.

The decision follows the filing of a lawsuit by Mark Schobinger, Twitters senior director of compensation until his departure in May. In the complaint, Schobinger claims that company executives reneged on delivering bonuses they verbally promised their employees last year.

Both before and after Elon Musk bought Twitter last October, Schobinger alleges, Twitters workforce was told they would receive 50 percent of their target bonuses if they remained with the company through the first quarter of 2023. Schobinger said that he and other employees who remained past that date were never paid, despite being covered by the bonus plan.

The suit, which is seeking class action status, was filed on behalf of nearly 2,000 other current and former employees, and asks for damages in excess of $5 million. It claims breach of contract under California law, an argument that the judge ruled was plausible on Friday.

Once Schobinger did what Twitter asked, Twitters offer to pay him a bonus in return became a binding contract under California law, he wrote in a three-page opinion. And by allegedly refusing to pay Schobinger his promised bonus, Twitter violated that contract.

The company has hemorrhaged advertisers and cratered in revenue since Elon Musks takeover and rebrand.

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Twitter Violated Contract by Withholding Employee Bonuses, Judge Rules - The Daily Beast

Host Brian Stelter breaks down Elon Musks erratic stewardship of Twitter, now X, with Zo Schiffer, managing editor of Platformer and author of the forthcoming book Extremely Hardcore. They discuss Musks rightward shift, his war against the woke mind virus, and stated mission of restoring free speech to the platform. I think weve seen in the year since that his definition of free speech is very different from ours, and it basically means, his speech and speech that he aligns with, says Schiffer.

They also discuss the ramifications of Musk blowing up Twitters verification system, and whether its responsible to still post on X as misinformation and toxicity flow. The more that you continue to post on X, the more that you legitimize this platform that in my mind warrants no legitimacy at this point, says Schiffer.

It was really, really hard for me to give up and it feels like a huge loss, but there have just been so many moments over this past year where Elon Musk has promoted ideas and people who I think are very harmful and very dangerous for this world, she says, adding that doing what amounts to unpaid labor for that platform is really continuing to support his mission and his campaign.

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How Elon Musk Made Himself the Internet's Main Character in 2023 - Vanity Fair

Current and former Twitter employees said they never received bonuses they were promised during Elon Musk's buyout of the social media platform.

SAN FRANCISCO (CN) A federal judge ruled late Friday afternoon that Twitter, now known as X, violated a contract when it failed to pay what amounts to tens of millions of dollars in bonuses that the company had orally promised its employees.

Mark Schobinger, the former senior director of compensation for Twitter, filed suit against the social media company on behalf of himself and other current and former Twitter employees in June.

Schobinger, who is based in Texas, claims that employees were not paid a portion of their 2022 bonuses when they were due in the first quarter of 2023, despite repeated promises from senior executives at the company, including Ned Segal, the former chief financial officer of the company. This bonus was to be paid to employees who stayed with the company until the first quarter of 2023.

According to Schobinger, these promises were made both before and after Elon Musk acquired the social media platform in October 2022. Schobinger also said employees took these promises into consideration when deciding whether or not they wanted to leave their jobs with the social media company and that he turned down opportunities from other companies at the time because of the promised bonus.

Twitters lawyers argued that the promise was only an oral promise and was not a contract, and that Texas law should govern under section 1646 of the California Civil Code, which states that a contract is to be interpreted according to the law and usage of the place where it is to be performed.

U.S. District Judge Vincent Chhabria, in a brisk three-page opinion, wrote that California law governs the case because the choice-of-law provision in the California Civil Code applies only to matters of contract interpretation, not to matters of contract validity or enforceability. Because Twitter doesnt even try to argue that Texas law should apply under the governmental interest approach, California law governs by default.

Chhabria said that Schobinger plausibly stated a breach of contract claim under California law, and that Schobinger was covered by the bonus plan and followed all of Twitters directions.

Once Schobinger did what Twitter asked, Twitters offer to pay him a bonus in return became a binding contract under California law. And by allegedly refusing to pay Schobinger his promised bonus, Twitter violated that contract, Chhabria wrote.

Shannon Liss-Riordan, counsel for Schobinger, said in a statement to Courthouse News that We are very pleased with this decision. This is a very important decision, which is relevant to claims we have filed on behalf of nearly two thousand Twitter employees. The court agreed with our argument that later promises even oral promises can be binding, even if the original written agreement is not enforceable. In this case, we alleged that promises were made to ongoing Twitter employees who stayed with the company through Elon Musks tumultuous acquisition that they would receive a bonus for 2022.

Chhabria wrote that Twitters contrary arguments all fail. Twitter argued that the performance bonus plan was not an enforceable contract because it provided only for a discretionary bonus.

But Schobinger is not suing to enforce Twitters discretionary bonus plan. He is suing to enforce Twitters alleged subsequent oral promise that employees would in fact receive a percentage of the annual bonus contemplated by the plan if they stayed with the company, Chhabria wrote.

The social media platform also insisted that the oral statements were not enforceable because they contradict the terms of the performance bonus plan and do not satisfy Californias special rules for oral modification of written contracts.

But those rules come into play only when a valid, enforceable written contract already exists. And as Twitter itself argues, its discretionary bonus plan was never a valid, enforceable contract to begin with, Chhabria wrote.

Schobingers primary estoppel claim, however, was reluctantly dismissed with leave to amend because the plaintiff still needs to take the (seemingly pointless) extra step of pleading that the alleged contract may be invalid or unenforceable, Chhabria wrote.

Schobinger can file an amended complaint within 21 days to address his primary estoppel claim.

Lawyers for Twitter did not immediately respond to request for comments.

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Judge rules that Twitter violated contract when it withheld millions of dollars in bonuses - Courthouse News Service

Tesla CEO Elon Musk has teased plans to bring a low-cost Tesla to the electric vehicle market.

Appearing on the Munro Live YouTube channel, Musk said the company has made significant progress on the development of an affordable model.

I review the production plans for that every week, he told host Sandy Munro. The revolution in manufacturing that will be represented by that car will blow peoples minds.

Its a bold statement, but its also a bold project. Musk said in 2020 that he was looking to deliver such a model at around the $25,000 mark, per The New York Times, and it appears hes standing by that desire.

Musk added in the Munro Live interview that the first production line will be in the Texas Gigafactory, but it will be moved to the Mexico Gigafactory when that facility is completed and Tesla recently received a boost on that development after Mexico granted the company a land-use permit.

Teslas energy seems to be on rolling out the Cybertruck at full capacity, with only a handful making their way to customers after the November delivery event, so it may still be some time yet before the expected affordable car hits the road.

But that doesnt mean motorists looking to swap their dirty-fuel powered vehicles for a cleaner, all-electric Tesla have to wait until then to grab a bargain.

As Forbes contributor Brooke Crothers observed, the Tesla Model 3 is perhaps the cheapest it has ever been, and with customers in the United States able to access the $7,500 tax credit for electric vehicles until the end of 2023, in addition to possible state rebates, the savings could be even greater.

Crothers says that a rear-wheel drive Tesla Model 3 could be possible to buy at around $25,000 with these discounts factored in, not to mention the possibility that Tesla may reduce prices further as it looks to clear stock ahead of the upcoming Model 3 Highland variation.

That puts the Model 3 in the region of what Musk had predicted the companys low-cost model will cost, and you wont have to wait.

For those looking to limit the pollution they produce on a daily basis, theres a relatively cheap way to invest in a zero-tailpipe-emission vehicle now rather than hoping the new affordable Tesla emerges sooner rather than later.

Join our free newsletter for cool news and actionable info that makes it easy to help yourself while helping the planet.

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Elon Musk reveals production plans of low-cost Tesla model: The revolution [of] that car will blow peoples minds - Yahoo

Disney+ may the latest victim of Bob Iger and Elon Musks beef. VCG/VCG via Getty Images

Rising tensions between X owner Elon Musk and The Walt Disney Company (DIS) CEO Bob Iger have convinced some Tesla (TSLA) drivers that Musk, whos also the CEO of Tesla, has removed Disney+ from their vehicles out of spite.

Electrek, a news outlet covering electric vehicles, reported this week Tesla informed Disney it would remove its streaming service Disney+ for users who had not used the app before. Tesla didnt give specific reasons for the change. Streaming services are included in a Tesla feature called Tesla Theatre accessible through the cars touchscreen.

Some Tesla customers believe the sudden change is a result of Musks ongoing spat with Iger, a theory which has some basis. Musk has been taking shots at Iger in the last few weeks as a retaliation for Disney suspending advertising on X.

Read Also: List of Media, Tech Advertisers Quitting X Over Elon Musks Antisemitic Comment

To recap, Musk and Iger both made appearances at the New York Times DealBook Summit in late November, where they were interviewed by Times columnist Andrew Ross Sorkin. The conference took place after Disney, along with several other major media companies, decided to pause advertising spending on Musks X, formerly Twitter.

The advertiser exodus seemed to be triggered by study published by media watchdog Media Matters in November showing that some of these companies ads were placed alongside pro-Nazi content on the social platform. Musks unwillingness to address growing hate speech on X is tied to his free speech absolutist stance, though he doesnt always extend that view to his dissenters.

During his interview at the DealBook Summit, Iger was asked to address Disneys decision to boycott X.By him taking the position he took in a public manner, we felt that the association was not necessarily a positive one for us, Iger said.

Musk reacted bitterly to Igers comments when he came onto the stage.Go f*ck yourself, is that clear? Hey Bob, if youre in the audience. Thats how I feel, dont advertise, Musk said when asked about advertisers leaving X.

Musk posted on X a week later that Walt Disney is turning in his grave over Igers leadership. Iger has not addressed Musk publicly since the DealBook Summit.

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Elon Musk's Feud With Disney CEO Bob Iger Spills Over to Tesla - Observer

Decoder is my show about big ideas and other problems. And today, were bringing you a special episode where were just going to talk about one very big problem: Twitter.

2023 will go down as the year that Elon Musk killed Twitter. First, he did it in a big way by buying the company, firing most of the employees, and destabilizing the platform; then, he did it in a small but important and symbolic way by renaming the company X and trying to make a full break with what came before.

So now that the story of the company named Twitter is officially over, it felt important to stop and ask: what was Twitter anyway, and why were so many powerful people obsessed with it for so long?

Here at The Verge, we dont often look back; were a site about the future, after all. But sometimes its important to stop, mark a moment, and consider why a technology or a tool made us all feel a certain way. And Twitter certainly demands that level of consideration.

The important thing to know about Twitter is that its leadership never truly understood the platform, especially not at first. Twitters users were where all of its best ideas came from, from hashtags to retweets. The users were the ones who made Twitter a home for both absurdist humor and major social movements. Twitters users also turned it into the beating heart of the news industry, where news almost always broke first and fast and where journalists and their blue check marks became part of a new social class that dominated the online conversation, for better and for worse.

And fittingly, it was Twitters users who ultimately killed it. The fundamental story of Twitter is defined by two of its most dedicated power users: Donald Trump and Elon Musk. Both men were addicted to Twitter, defined Twitter, changed it, broke it, and then ultimately put it to rest. Whats left now, and what comes next, is still an open question.

To pull all this apart and make sense of it, I talked to two people with deep expertise in the media, Twitter, and how they interact.

Marty Baron is the former executive editor of The Washington Post. He ran the paper during the Trump administration, when two different challenges reached fever pitch. First was President Trumps usage of Twitter to wage an almost daily information war. And second was the battle between individual reporters building their brands on Twitter and the needs of the newspaper as an institution.

Check out the episode, and look forward to more Decoder episodes like this in 2024. Were working on bringing you second episodes of the show every week that deliver more analysis, storytelling, and interviews. Stay tuned.

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How Donald Trump and Elon Musk killed Twitter, with Marty Baron and Zoe Schiffer - The Verge