Business

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 …

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 …

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 …

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 …

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,” …

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 …

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 …

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 …

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 …

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. …

Bloomberg News reports: Elon Musk has offered to fund the legal bills of any users of his social network, X, who’ve been discriminated against by their employer because of their actions on the platform. The proposal comes with “no limit” on costs and X Corp. will “go after the boards of directors of the companies too,” he said in messages …

Ars Technica reports: About a week after X commandeered the popular @X account from longtime Twitter user Gene X Hwang, another user has reported that X has taken over his popular account, @music. “16 years ago, I created @music and have been running it ever since,” Jeremy Vaught, director of engineering at the nonprofit Life Happens, posted on X. “Just …

The Verge reports: If you go to Threads.net to access Meta’s popular Twitter clone, you’ll still find a spinning placeholder galaxy — but that should change in the next few weeks, according to a new tweet from CEO Mark Zuckerberg. “Search and web coming in the next few weeks,” he tweets, saying he’s “excited about the team’s pace of shipping.” …

The Verge reports: Twitter Blue, which Elon Musk is currently rebranding to X Blue, now includes the option to hide the notorious blue checkmark. Twitter Blue subscribers recently started noticing the “hide your blue checkmark” option on the web and in mobile apps, offering the ability to hide that they’re paying for Twitter and avoid memes about how “this mf …

Forbes reports: Elon Musk’s X Corp. sued a nonprofit group that monitors online hate speech, accusing it of falsely describing the social media platform formerly known as Twitter as being “overwhelmed with harmful content.” In the lawsuit, filed late Monday in San Francisco federal court, X Corp. claims The Center for Countering Digital Hate is illegally “scraping” its servers and …

The San Francisco Chronicle reports: After Elon Musk flouted permit rules and angered nearby residents with a massive, flashing “X” atop his social media company’s San Francisco headquarters, workers were seen dismantling the sign Monday. At 9 a.m., SFGATE saw two workers in lifts detangling wires from the structure’s metal frame and pulling away its light-up panels. By noon, the …

The New York Times reports: Elon Musk has over the last year threatened legal action against tech competitors, employees and people who use Twitter, which he owns. Now he is also taking aim at an organization that studies hate speech and misinformation on social media. X Corp., the parent company of the social media company, sent a letter on July …

The Insider reports: San Francisco authorities say they still can’t access X, formally Twitter’s, headquarters to inspect Elon Musk’s new sign. According to complaints filed by the San Francisco Department of Building Inspection, the company denied a San Francisco city representative access to the building on Friday and Saturday when they attempted to inspect the new light-up structure. A Twitter …

The Associated Press reports: The city of San Francisco has opened a complaint and launched an investigation into a giant “X” sign that was installed Friday on top of the downtown building formerly known as Twitter headquarters. City officials say replacing letters or symbols on buildings, or erecting a sign on top of one, requires a permit for design and …

Reuters reports: Meta Platforms executives are heavily focused on boosting retention on their new Twitter rival Threads, after the app lost more than half of its users in the weeks following its buzzy launch, CEO Mark Zuckerberg told employees on Thursday. Retention of users on the text-based app was better than executives had expected, though it was “not perfect,” said …