tesla – The Philadelphia Observer https://philadelphiaobserver.com Just another WordPress site Sun, 30 Oct 2022 20:34:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 It Only Took A Few Hours For The Elon Musk Purchase To Make Twitter Racist Again https://philadelphiaobserver.com/it-only-took-a-few-hours-for-the-elon-musk-purchase-to-make-twitter-racist-again/ Sun, 30 Oct 2022 20:34:22 +0000 https://philadelphiaobserver.com/?p=4290 TOPSHOT-US-TWITTER-MUSK-INTERNET-JUSTICE

This video grab taken from a video posted on the Twitter account of billionaire Tesla chief Elon Musk on October 26, 2022, shows himself carrying a sink as he enters the Twitter headquarters in San Francisco. | Source: Getty Images

So, Elon Musk has finally successfully purchased Twitter, and within hours of the buy, the platform reverted back to a Bigots ‘R’ Us safe space where white nationalists can digitally shout racial slurs in peace—albeit, mostly behind anonymous Twitter accounts.

From the Washington Post:

“Elon now controls twitter. Unleash the racial slurs. K—S AND N—–S,” said one account, using slurs for Jews and Black people. “I can freely express how much I hate n—–s … now, thank you elon,” another said.

In a tweeted letter Thursday, Musk had sought to soothe advertisers worried over the moderation changes by saying he did not want it to become a “free-for-all hellscape.”

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But the first hours of his purchase have shown how difficult that promise could be. One account, created this month, included a Nazi swastika as its profile picture and retweeted quotes from Musk alongside antisemitic memes. Another tweet, showing a video montage glorifying Nazi Germany with the comment, “I hear that there have been some changes around here,” was liked more than 400 times.

Racial slurs were posted rampantly overnight. One single-word tweet, showing a single racial slur in all capital letters, was retweeted more than 500 times and liked more than 4,000 times. It was tweeted at 9 p.m. Thursday night and remained online nearly 12 hours later.

It should surprise absolutely no one that Musk’s acquisition was immediately followed by the advent of Apartheid Twitter.

We also should probably prepare ourselves for a fresh wave of QMoron conspiracy theorists posting hot misinformation takes about weaponized COVID and Donald Trump being a victim of 2020 election cat burglary.

Speaking of which—dammit, does this mean Trump is coming back to Twitter?

It was so nice to have an extended break from Trump’s constant whitey-whining, racist dog-whistling and lie-spreading on Twitter. I was fine with his Orange Julius bringing all the Proud Boys to the yard on his own platform, Truth Social. The only upside to all of these right-wing social media alternatives was that white nationalist had their own ban-free social circle-jerk where they can gather outside of the parts of the public eye where basic human decency resides. I’m just saying, please stay TF over there.

Meanwhile, the artist formerly known as Kanye West may or may not have regained access to Twitter after the Musk purchase.

Source: It Only Took A Few Hours For The Elon Musk Purchase To Make Twitter Racist Again

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Elon Musk dethrones Jeff Bezos to become world’s richest person https://philadelphiaobserver.com/elon-musk-dethrones-jeff-bezos-to-become-worlds-richest-person/ Fri, 15 Jan 2021 15:39:04 +0000 http://philadelphiaobserver.com/?p=1929 Photo courtesy: Reuters

By Joséphine Li

According to Bloomberg, Elon Musk’s total wealth has surpassed that of Amazon founder Jeff Bezos to grab the title of world’s richest person. 

Musk’s meteoric rise in wealth over the past year marks the fastest ascent to the top of the rich list in history. The celebrated entrepreneur made history with Tesla’s dramatic financial turnaround — just 18 months ago, Musk was in the headlines for Tesla’s rapid cash burn and his personal leverage against the company’s stock.

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Musk started 2020 worth about $27 billion, barely making it into the top 50 richest people. But in just one year, Tesla’s rocketing share price, which has soared more than ninefold and Musk’s generous pay package have added more than $150 billion to his net worth — putting Musk at the top of the rich list.

Last July, Elon Musk passed Warren Buffett to become the seventh richest person. Last November, Musk raced past Bill Gates to become the second richest person. Over the past 12 months, Elon Musk’s wealth has exceeded Bill Gates’s total assets of $132 billion.

Amazon’s share price, in the meantime, has remained more subdued due to the potential for increased regulation from Washington.

Tesla’s shares closed at $816.04, up nearly 8% on January 7. The company’s market value has risen to more than $760 billion.

While the Bloomberg Billionaires Index had Musk within $3 billion of Bezos’ net worth on January 6, before the trading day on Thursday. The Forbes Real-Time Billionaires List had Musk about $7 billion behind Bezos after the market closed on January 7. Forbes pegged Bezos’ net worth at about $185 billion and Musk at about $177 billion. 

Forbes may not be including the option value of Musk’s purchase of 33 million shares in Tesla, which Musk received as part of his pay package. Bloomberg, however, has posted an article confirming Musk’s title on the rich list.

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