The world may see its first-ever trillionaire within the next 10 years, the anti-poverty group Oxfam said in a report published on Monday, reflecting the increasingly large wealth divide between the few of the world’s richest people and the rest of the population below them. Oxfam’s report, titled Inequality Inc., …
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Billionaire hedge fund chief and burgeoning Internet Main Character Bill Ackman used the afternoon of Martin Luther King Jr. Day to claim the civil rights leader would have been against the movement for diversity, equity, and inclusion in higher education and businesses. It’s a claim that MLK’s daughter has previously …
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In November, Elon Musk told advertisers “Go fuck yourselves” for abandoning X (formerly Twitter) over concerns about white supremacist content and Musk’s own affinity for antisemitic conspiracy theories. The big brands seemed only too happy to comply, and these days, users will find their feeds littered with spam touting dubious …
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Elon Musk, an immigrant from South Africa, kicked off 2024 with a slew of tweets attacking the Biden administration over immigration numbers and advancing the dubious argument that the president welcomes those who enter the country illegally, viewing them as “future Dem voters.” Since the end of December, Musk has …
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SpaceX has been accused of illegally firing eight employees for sharing an open letter that was critical of the company’s CEO Elon Musk. According to allegations outlined in a complaint filed by a regional office of the National Labor Relations Board on Wednesday, SpaceX fired the workers in 2022 after …
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Elon Musk‘s X (formerly Twitter) is entering 2024 in its flop era. A recent analysis from Fidelity, one of the shareholders of Musk’s X Holdings, revealed that the company had lost 71.5 percent of its value since Musk purchased the social media platform. The November 2023 disclosure from the mutual …
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Elon Musk‘s X failed to block a California law that requires social media companies to disclose their content-moderation policies. U.S. District Judge William Shubb rejected the company’s request in an eight-age ruling on Thursday. “While the reporting requirement does appear to place a substantial compliance burden on social medial companies, …
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Hyperloop One, a futuristic transportation startup highly touted by Elon Musk, is shuttering its airless tubes. The company is laying off employees, selling remaining assets (which include a test track and machinery), and closing its offices, Bloomberg reports. After hiring more than 200 people in 2022, remaining workers — who …
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An alarming report published by Reuters on Wednesday details how the electric vehicle manufacturer Tesla has shirked responsibility for the failures of parts it knew to be defective, including suspension and steering systems. The investigation comes shortly after a recall of 2 million Teslas to add safety guardrails to the …
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John Oliver took aim at Elon Musk on Sunday’sLast Week Tonight,lobbinginsults at the billionaire tech mogul on his final show of the year.“We thought we’d focus on someone who’s had a pretty big 12 months,” the late-night host said of the owner of six companies, including SpaceX, Tesla, X (formerlyTwitter), …
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