General Elon Musk Fukkery Thread
- Thread starter Armchair Militant
- Start date
Dec 31, 2023 - Business
Elon Musk's X gets another valuation cut from Fidelity
- Dan Primack
, author of
Axios Pro Rata
Photo by Michael M. Santiago/Getty Images.
Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
- This includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to "go f**k yourself" during an on-stage interview with the New York Times.
- In terms of publicly traded comps, Meta stock rose 4.9% in November while Snap shares climbed 38.2%.
The big picture: Fidelity began marking down its Twitter shares the first month after Musk's buyout. It increased the share value or kept it stable for a few months earlier in 2023.
Behind the scenes: Fidelity doesn't necessarily have much, if any, inside information on X's financial performance, despite being a shareholder in the privately held business. Other shareholders may value their X stock differently.
Go deeper: The Elon Musk industrial complex
Japanese disaster prevention X account can’t post anymore after hitting API limit - Dexerto
Japanese disaster prevention app NERV can't post to the platform after hitting X's API rate limitations.
www.dexerto.com
Japanese disaster prevention X account can’t post anymore after hitting API limit
Sayem Ahmed❘ Published: Jan 01, 2024, 05:39 ❘ Updated: Jan 01, 2024, 05:39
Japanese disaster prevention app NERV can’t post after reaching X’s API limitation. The issue has arisen after major Tsunami warnings have been issued in areas of Japan following a strong earthquake.
Japan has ordered evacuations across several prefectures following a strong earthquake, which reached a magnitude of 7.6 in the Noto area of the Ishikawa prefecture. Following this, warnings of waves as high as 5m have been issued, with residents ordered to evacuate immediately.
Neighboring prefectures have also received warnings, with much of Japan’s West coast under an advisory evacuation advisory. Disaster prevention account “NERV” offers warnings of earthquakes and disaster reporting, with the account keeping Japanese residents informed in both English and Japanese languages on X.
Now, the app is facing significant API rate limitations due to new policies put forward under Elon Musk’s ownership of the platform. It can no longer post updates to its combined following of over two million users.
According to Unseen Japan, NERV is under X’s “Basic” API plan, where it can post 100 posts in 24 hours. This costs around $100, while the next step up requires users to pay around $5000 a month for usage of its API. Due to NERV running at a loss, the company has chosen not to subscribe to the higher tier.
An app-based alternative
Luckily, the creators of the NERV App, Gehirn Inc, have created an app-based alternative for users to get information in real-time, as well as running a Mastodon account. But, that has not stopped some users asking Elon Musk to lift API restrictions for the NERV app. These calls have even reached the ears of Japanese X employee Ryuji M, Director of Next at X in Japan and Korea.NERV offers highly accurate information for disaster prevention and X offers a quick way to see updated information in a centralized location during these events. But, since X’s new API limitations have hit the platform, it appears that for now, users might have to look elsewhere for the potentially life-saving information.
Dexerto's Hardware Editor. Sayem is an expert in all things Nvidia, AMD, Intel, and PC components. He has 10 years of experience, having written for the likes of Eurogamer, IGN, Trusted Reviews, Kotaku, and[/SIZE]
This is how you own the libs you amateurs
Twitter/X brings back headlines on link previews but now they're tiny [Gallery]
Twitter, now known as X, is bringing back headlines to link previews in posts in a smaller, worse format, but only on the web.
9to5google.com
Twitter/X brings back headlines on link previews but now they’re tiny [Gallery]
Ben Schoon | Jan 2 2024 - 9:25 am PT
X, the platform better known as Twitter, removed headlines from posts with links a few months ago, but is now bringing them back in a new format.
Rolling out now to Twitter/X’s web client, any posts that have a link preview now show more than just a preview image and the name of the website. Previews now include the headline of the article (or title of the webpage) being linked, but in a very small format.
The preview shows up as white text on a black box in the bottom left corner of the image preview. It replaces the name of the website being linked, which has now been moved to a new line between the link preview and the buttons for reply, repost, and like. The small size of the preview, though, doesn’t work well for all headlines. Anything more than a few words is cut off on the default size, and the problem only gets worse on more narrow views.
The change is, so far, only showing up on the web, but presumably, it’ll expand to the iOS app soon. Twitter/X’s Android app, meanwhile, never stopped showing headlines in their original format.
Twitter/X originally removed headlines in August as Elon Musk pushed for publishers to post directly on the platform. But in November, right after a context-less post from Musk showcased the problem with removing headlines from previews, Musk announced that headlines would return.
Slim
Superstar
Conservatives stay mad that the Punk rockers they love hate them. It's like they never paid attention to their lyrics.
88m3
Fast Money & Foreign Objects
Maybe $1,000 per month was too expensive.
X (formerly Twitter) now has a “basic” tier for Verified Organizations, which gets you a gold checkmark badge (and a few other benefits) for $200 per month instead of $1,000 per month for “full access.” While X claims this new tier is “designed for smaller businesses,” the more affordable plan...
www.theverge.com
Maybe $1,000 per month was too expensive.
X (formerly Twitter) now has a “basic” tier for Verified Organizations, which gets you a gold checkmark badge (and a few other benefits) for $200 per month instead of $1,000 per month for “full access.”
While X claims this new tier is “designed for smaller businesses,” the more affordable plan is perhaps an admission that not enough businesses are paying for the more expensive plan.
Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX
Some executives and board members fear the billionaire’s use of drugs—including LSD, cocaine, ecstasy, mushrooms and ketamine—could harm his companies.
www.wsj.com
BK The Great
Veteran
Now we know why he acts the way he does 
Supreme Court rejects appeal by Elon Musk's X on disclosing federal surveillance
X, owned by Elon Musk, previously challenged a ban on disclosing warrant for the Twitter account of Donald Trump obtained by special counsel Jack Smith.
www.cnbc.com
Spidey Man
Superstar
Supreme Court rejects appeal by Elon Musk's X on disclosing federal surveillance
X, owned by Elon Musk, previously challenged a ban on disclosing warrant for the Twitter account of Donald Trump obtained by special counsel Jack Smith.
I guess he tried paying the court in Tesla stock and they said this a cash only business
Supreme Court rejects appeal by Elon Musk's X on disclosing federal surveillance
X, owned by Elon Musk, previously challenged a ban on disclosing warrant for the Twitter account of Donald Trump obtained by special counsel Jack Smith.
His offer was so paltry that even Clarence Thomas even scoffed at him.
ADevilYouKhow
Rhyme Reason
Tesla Recalls Nearly Ever Car It Has Ever Sold In China Over Autopilot Safety Issues
Also, U.S. senators want Tesla and other automakers to stay neutral on union organization, and driverless truck companies are losing human copilots this year.
jalopnik.com
Just as Tesla loses the EV crown, Elon Musk’s biggest market in Europe pulls the rug out from under him
December sales in Germany plunged nearly 80%, wiping out all gains for the year in the span of one disastrous month, and demand in the U.K. was little better.
SpaceX Illegally Fired Workers Critical of Musk, Federal Agency Says
The National Labor Relations Board said the rocket company had wrongly dismissed eight people for a letter raising concerns about the chief executive.