Business

The New York Times reports: The truth is that many of the best electric wheels on the market today are not made by Musk. The new competition makes Musk’s recent role as the town crier for the redpilled online right especially puzzling and, for his car company, perilous. Tesla’s new vulnerability is a surprising development. Musk’s chaotic and polarizing tenure …

Reuters reports: Twitter Inc removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. The removal of the feature, known as #ThereIsHelp, has not been previously reported. It had …

Axios reports: Michael Bloomberg, the billionaire businessman and media mogul, is interested in acquiring either Wall Street Journal parent company Dow Jones or The Washington Post, a source familiar with his thinking told Axios. Bloomberg wants to expand his media empire and sees Dow Jones as his ideal fit, but he would buy the Post if Jeff Bezos were interested …

Law & Crime reports: A Chick-fil-A restaurant in North Carolina will have to pay almost $7,000 after it was caught having child employees operate dangerous machinery and trying to pay teen employees in meal vouchers. The DOL found that the same employer “also paid certain employees — who were asked to direct traffic — to work for meal vouchers rather …

Reuters reports: Facebook owner Meta Platforms has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed Cambridge Analytica to access data of as many as …

ABC News reports: A driver told authorities that their Tesla’s “full-self-driving” software braked unexpectedly and triggered an eight-car pileup in the San Francisco Bay Area last month that led to nine people being treated for minor injuries including one juvenile who was hospitalized, according to a California Highway Patrol traffic crash report. CNN Business obtained the report detailing the crash …

The Verge reports: Only nine percent of new Netflix subscribers in the US opted for the streaming service’s new ad-supported streaming tier last month, according to data from analytics firm Antenna. That’s compared to the 15 percent of new signups that reportedly opted for competitor HBO Max’s ad-supported subscription during its launch month in 2021. Netflix’s “Basic with Ads” plan …

The New York Times reports: Elon Musk said on Tuesday that he would resign as Twitter’s chief executive when he found “someone foolish enough to take the job,” two days after he had asked his 122 million Twitter followers whether he should step down as the leader of the social media site and a majority of respondents answered yes. Mr. …

Via press release from the CFPB: The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The bank’s illegal conduct led to billions of dollars in financial harm to its customers and, for …

CNBC reports: Twitter owner and CEO Elon Musk is searching for a new CEO of the company, sources told CNBC’s David Faber. Musk, who acquired the company for $44 billion in October, has previously said his position as CEO would be temporary.  However, on Sunday, he wrote in a tweet that “there is no successor.” On Monday, Sen. Elizabeth Warren, …

Elektrek reports: Elon Musk appears to be backing out from abiding by the results of a Twitter poll voting him out as head of the social media platform. Musk first responded “interesting” to a comment by Kim Dotcom suggesting that the “deep state” rigged the poll with bots. He then responded the same thing to a theory that the number …

CNBC reports: Epic Games, the developer and publisher of the video game Fortnite, will pay $520 million in fines to settle with the FTC over violations of the Children’s Online Privacy Protection Act (COPPA). The FTC had alleged that Epic paired children and teens “with strangers,” exposed them to “dangerous and psychologically traumatizing issues,” and failed to introduce adequate parental …

Yahoo News reports: Russian real estate tycoon Dmitry Zelenov passed away earlier this month after tumbling down a flight of stairs while visiting friends in the French Riviera, according to a local outlet and an independent Russian outlet. The 50-year-old was the former owner of Russian developer Don-Stroy, which constructed the 61-story Triumph Palace Tower in Moscow, one of the …

The Washington Post reports: An unofficial poll that Elon Musk commissioned said he should step down from the helm of the social network, a referendum that Musk promised to follow after broad criticism of his stewardship of the company. The poll closed early Monday morning after twelve hours of voting, with 57.5% of more than 17 million responses calling Musk …

NBC News reports: Twitter will no longer allow users to promote their accounts on at least seven other major social media sites, including Facebook, Instagram and Truth Social, the platform announced Sunday. The new policy comes after many users began posting links to their accounts on other sites following Elon Musk’s takeover as CEO of Twitter and the platform’s subsequent …

Fox Sports reports: Elon Musk, the Tesla and Twitter CEO, appeared in Qatar on Sunday just ahead of the World Cup final before Argentina and France. Qatari TV broadcaster beIN Sports caught Musk entering Lusail Stadium to see whether Lionel Messi will be able to wrap up his first World Cup title or Kylian Mbappe capture his second World Cup …

The Daily Beast reports: Washington Post reporter Taylor Lorenz was suspended from Twitter late Saturday, the latest prominent journalist to get the boot. Lorenz was apparently suspended for “violating the Twitter rules,” though it wasn’t immediately clear which one. Shortly before the ban, Lorenz had tweeted directly at Musk seeking comment for a story. “When I went to log in …

From antisemitic Christian nationalist Andrew Torba: Elon Musk is in over his head when it comes to free speech. Musk is quickly learning that in order to run a free speech platform you need two things: thick skin and a fanatical commitment to free speech, even when being pro free speech is bad for business, and even when being pro …

Reuters reports: Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday, with some saying the microblogging platform …

Semafor reports: The managing director of Elon Musk’s family office is seeking new equity investors for Twitter as users revolt, advertisers flee, and debt payments loom, according to people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take …