Bitter Twitter 😞 Forever Musk 🤤
Does Elon Musk know what to do with Twitter? Twitter to enable cryptocurrency and stock trading on its platform. Can it become a Super app? Musk launches new AI company X.AI. Tesla's $500M mistake.
Hello, y'all. Papa Elon likes our dispatches. He really does. For reals👇
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Twitter, Inc. is now called X Corp.
Twitter is not a public company anymore, so it does not have to report updates like name changes to the SEC.
The new name was spotted in an April 4 document related to far-right activist Laura Loomer’s lawsuit against Twitter and Facebook.
Why?
Musk's next step towards building his super app? Maybe.
What's new?
Twitter has partnered with eToro to enable cryptocurrency and stock trading on its platform.
The partnership will allow Twitter users in the UK to access eToro's trading platform directly from the social media site.
The move is part of Twitter's efforts to diversify its revenue streams beyond advertising.
The company has been exploring ways to monetise its platform, including the introduction of a subscription-based service called Twitter Blue.
Great. What's the issue?
It's a long, long queue - from layoffs to verification #mustread
Elon Musk’s X app for ‘everything’ might be a non-starter in the US
Why?
The one-stop-shop for all of a user's needs, may face regulatory challenges in the US market.
Super app that combines messaging, social media, and e-commerce, could potentially run afoul of antitrust laws.
The app's proposed integration with Tesla's autonomous driving technology could raise safety concerns.
What now?
Elon Musk doesn't know what's really happening on Twitter? Paris Marx throws light on some unsettling facts and gives deeper insight #doread
Why not sponsor us, eh?
TTD Blockquote 🔊
Elon Musk. What do we say about him? Most followed Twitter account 🙃
“We tried to turn it into a homeless shelter.”
Elon Musk wanted to help the homeless in San Francisco by letting them seek boarding at Twitter's HQ. Giving them the unused space.
Musk claims that his landlord refused to accommodate his request.
Musk has shrunk Twitter’s employment by more than 80% since his $44 Billion buyout last year, to about 1,500 people. The cost-cutting has left most of the 463,000-square-foot headquarters empty.
Watch the whole BBC interview 👆 #goldstuff
TTD Check it out 🧐
How hard could it be to run a social media site, anyway? Very. No?
Twitter is Going Great #docheck
What is this?
Project inspired by Web3 is Going Just Great to track the latest examples of how Twitter is actively falling to pieces thanks to its current owner Elon Musk (with special guests Jack Dorsey and the Saudi Arabian royal family).
Who is behind this?
A collection of people who care about Twitter perhaps a little too much. Want to help? Become a paid subscriber to Today in Tabs.
Why are you doing this?
Because we care about Twitter, and the communities we've found or forged on the site, we want to highlight the damage being done to the reputation, quality, and experience on the site. We also care about the treatment of the Tweeps who built Twitter and who tried to make it a safer place.
TTD Launch 🎬
Elon Musk new ❤️ X.AI
Musk has founded a new AI company incorporated in Nevada, US.
Develop AI software to help scheduling and other administrative tasks.
Uses natural language processing and machine learning.
Musk's other AI-focused ventures include OpenAI and Neuralink.
He has also been
Vocal critic of AI. Warning of potential dangers of technology.
Strong advocate for the responsible development and use of AI.
It's wide open now
Google vs Microsoft vs Amazon …
+ Elon Musk 👻
TTD Mistake 💀
Tesla's $500 Million mistake
Wait. What?
Tesla's Bitcoin affair
Purchase: $1.5 Billion Bitcoin in February 2021. Average price $36,000.
High: Bitcoin hits record high of $69,000 in November 2021.
Dump 1 : ~$272 Million holdings to boost its Q1 2021. Profit ~$101 Million.
Dump 2: ~$936 Million holdings in Q2 2022, 75% reserves. Profit ~$64 Million.
Profit: ~$165 Million from two separate Bitcoin sales.
Loss: Unrealised loss of ~$56.6 Million on Bitcoin holdings as of April 14, 2023
Holdings: 10,725 BTC worth ~$330 Million. 15% below February 2021 purchase.
Mark to Market: Net profit to date ~$108 Million.
Verdict: Bitcoin price has gone up more than 50% since ~$1 Billion Bitcoin sale in July 2022 (Q2 2022). Tesla would have made ~$500 Million if it had waited until today to sell.
You win some. You lose some. C'est la vie 🤷
TTD Surfer 🏄
The suspect in the murder of Cash App founder Bob Lee has been identified as Nima Momeni. He has been arrested by San Francisco police.
Roblox has introduced rare, resellable digital items that are not NFTs. The items, called "limiteds," are wearable virtual goods in limited quantities.
US-based drink retailer Boba Guys taps Solana for on-chain loyalty rewards program. Solana Foundation has invested $100k into Boba Guy.
CEO of the Blockchain Association, Kristin Smith, who was detained in Costa Rica, has returned home. She details her experience on Twitter.
Arizona Governor Katie Hobbs has blocked a bill that would have removed taxes on Bitcoin mining in the state.
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So long. OKAY? ✋
He's always on the move isn't he?