Business

Musk To Strip News Headlines From Posts: “Esthetics”

The Insider reports: Elon Musk confirmed on Monday night that he’d ordered work on removing news headlines from X posts, so links only display an article’s lead image. “This is coming from me directly,” Musk wrote on X, responding to an earlier Fortune report that broke the news. “Will greatly improve the esthetics,” he added. “It’s something Elon wants,” an …

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Associates Allege Elon Musk’s Drug Use Is Escalating

The New Yorker reports: In 2018, the Times reported that members of the Tesla board had grown concerned about Musk’s use of the prescription sleep aid Ambien, which can cause hallucinations. The Wall Street Journal reported earlier this year that he uses ketamine, which has gained popularity both as a depression treatment and as a party drug, and several people …

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Cinemas Nationwide To Sell $4 Tickets On Sunday

The Associated Press reports: Still haven’t seen “Barbie” or “Oppenheimer”? This Sunday, you’ll be able to catch up for $4 a ticket in movie theaters nationwide. Theater owners announced Monday that the second annual National Cinema Day will be held Sunday, Aug. 27. For one day, all movies — in all formats and at all showtimes — will be $4 …

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Airline Sues Travel Site That Sells “Skiplagging” Tickets

The Associated Press reports: American Airlines is suing a travel website that sells tickets that let people save money by exploiting a quirk in airline pricing. American sued Skiplagged Inc. in federal court in Fort Worth, Texas, this week, accusing the website of deception. It threatened to cancel every ticket that Skiplagged has sold. In a practice called skiplagging and …

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Majority Of Musk’s Twitter Followers Are Fake/Inactive

Mashable reports: Of the 153,209,283 X accounts following Musk at the time the data was collected, around 42 percent of Musk’s followers, or more than 65.3 million users, have zero followers on their own account. Just over 72 percent, or nearly 112 million, of these users following Musk have less than 10 followers on their account. When it comes to …

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Disney Countersues Oversight Board For “Retaliation”

Courthouse News Service reports: The Walt Disney Company shot back late Thursday against the authority claimed by a Florida-backed oversight board to void agreements giving Disney control of the special district where its theme park is located. It contends that the Central Florida Tourism Oversight District is essentially the same entity as the previous board, the Reedy Creek Improvement District, …

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Elon Musk Says He Will End Twitter’s Block Feature

Variety reports: Elon Musk’s latest tweak to Twitter, the former name of what he now calls X: Users will no longer be able to block other accounts — as Musk claims the feature “makes no sense.” “Block is going to be deleted as a ‘feature’, except for DMs,” the tech mogul posted on X Friday. “Makes no sense.” X/Twitter describes …

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WaPo: Twitter/X Throttles Traffic To Sites Musk Dislikes

The Washington Post reports: The company formerly known as Twitter has begun slowing the speed with which users can access links to the New York Times, Facebook and other news organizations and online competitors, a move that appears targeted at companies that have drawn the ire of owner Elon Musk. The delayed websites included X’s online rivals Facebook, Instagram, Bluesky …

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Netflix Begins Public Testing Of Streamed Video Games

The Verge reports: Netflix is kicking off the first public tests of its cloud-streamed games. Beginning Monday, some Netflix subscribers in Canada and the UK will be able to check out Netflix games streamed to select TVs, connected TV devices, and on the web from Netflix.com. The company first launched its mobile gaming offerings as a free perk for subscribers …

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NYC Begins Crackdown On Unlicensed Weed Shops

The Real Deal reports: A City law that demands landlords squash illegal weed shops went into effect on Monday. The enacted bill, from Queens Council member Lynn Schulman, will slap fines up to $10,000 on landlords who knowingly lease commercial space to unlicensed marijuana sellers, according to a press release. Weed sellers themselves get off a lot easier. They face …

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Musk Pours Millions Into Fertility, Population Research

Bloomberg News reports: For years, Elon Musk has been outspoken about the dangers of population collapse. As it turns out, the billionaire has been putting his money where his mouth is. The Musk Foundation made one of its biggest ever donations and its largest to higher education — $10 million to the University of Texas at Austin in 2021 to …

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Judge Revokes Bail For Accused Bitcoin Scammer

Reuters reports: A U.S judge on Friday revoked Sam Bankman-Fried’s bail, after finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice. U.S. District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a …

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Musk: Zuck Bout Will Happen In “Epic” Italian Location

Gizmodo reports: Are you not entertained?! Mark Zuckerberg and Elon Musk’s will they/won’t they continues, and it appears that the long awaited fight between the two tech billionaires could take place in Italy. Musk tweeted this morning that he spoke to the Prime Minister of Italy and the Minister of Culture to hold the brawl in Italy. The fate of …

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News Corp To Lean On AI After Profits Plunge 75%

The Guardian reports: Rupert Murdoch’s News Corporation has recorded a steep 75% drop in full-year profit but sees opportunities ahead as it expands the use of cost-saving AI-produced content. The US-listed media conglomerate – which owns mastheads in the US, UK and Australia, along with book publishers, subscription television and real estate advertising assets – recorded $US187m ($A287m) in net …

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Woman Sues For Witnessing Delta “Ingestion” Suicide

The Insider reports: A woman is suing Unifi Aviation after she reportedly witnessed one of the company’s employees fatally “ingested” into a Delta airplane’s engine, according to documents viewed by Insider. The suit says passenger Mackenzie Hill was returning to San Antonio, Texas, from Los Angeles on June 23. Hill was in California “for a church conference and graduation ceremony,” …

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Musk: “Noble Debate” With Zuck Might Be A Better Plan

The Hill reports: Tesla and X owner Elon Musk is mulling the suggestion of having a “noble,” debate instead of a cage fight with Meta CEO Mark Zuckerberg. Musk responded to a post on X, the platform formerly known as Twitter, that suggested the idea of a cage match debate, to which Musk said, “That sounds like a good idea …

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Disney’s ESPN Enters Sports Gambling With $2B Deal

ESPN reports: ESPN has signed a licensing deal with Penn Entertainment to create ESPN BET, a sportsbook for audiences in the United States. Penn will rebrand its current sportsbook to ESPN BET later this fall in the 16 states where it is licensed. The rebrand will include a mobile app, website, mobile website and mutually agreed upon retail locations. Penn …

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Musk Claims He May Need Surgery Before Zuck Match

The Associated Press reports: Elon Musk says he may need to get surgery before a proposed “cage match” with Mark Zuckerberg. “I’m getting an MRI of my neck & upper back tomorrow,” Musk wrote Sunday night. “May require surgery before the fight can happen. Will know this week.” The two tech billionaires seemingly agreed to an in-person face-off in late …

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Trucking Giant Bankrupt After $700 Million Bailout

The New York Times reports: Three years after receiving a $700 million pandemic-era lifeline from the federal government, the struggling freight trucking company Yellow is filing for bankruptcy. After monthslong negotiations between Yellow’s management and the Teamsters union broke down, the company shut its operations late last month, and said on Sunday that it was seeking bankruptcy protection so it …

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Musk: “Zuckerberg Fight Will Be Live-Streamed On X”

The Insider reports: Elon Musk appears to be pressing ahead with his plans to fight Mark Zuckerberg. The billionaire wrote on X – formerly Twitter – on Sunday that their highly anticipated cage fight will be live-streamed on X. Musk did not provide further details on when this would happen and Zuckerberg is yet to weigh in on his comments. …

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