Canada’s West Coast Port Strike Seen Putting Country’s Reputation at Risk
A strike by dockworkers on Canada’s west coast stretched into a fourth day, causing business groups to warn
2023-07-05 06:48
As West Battles China, a Trade Ally Tries to Keep Both Doors Open
The drive south from the ancient city of Tangier spans decades of economic development in half an hour,
2023-06-22 12:24
House Republicans Subpoena Hunter Biden and His Brother James
House Republicans subpoenaed President Joe Biden’s son Hunter and his brother James in an ongoing inquiry into the
2023-11-09 08:23
Binance.US suspends US dollar deposits after crackdown by regulators
Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are
2023-06-09 14:16
Aramco Keeps $29 Billion Payout Even as Oil Production Falls
Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as
2023-11-07 21:59
Sheetz slashes gas price by 50% to $1.776 per gallon. But only for one day
An East Coast convenience chain is offering gas at a patriotic price for one day only.
2023-07-04 21:27
Leaderology Makes Inc. 5000 List of America’s Fastest-growing Private Companies
SANTA ANA, Calif.--(BUSINESS WIRE)--Sep 26, 2023--
2023-09-27 00:46
Elon Musk says Twitter to move behind paywall as all users forced to pay ‘small’ monthly fee
Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number of changes soon after Mr Musk, the multibillionaire owner of X Corp, bought it. The platform is now “moving to having a small, monthly payment for use of the X system” to combat “vast armies of bots”, Mr Musk said during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu on Monday. However, the Tesla and SpaceX boss did not reveal how much the new plan would cost X users or what additional features subscribers would get. During the interaction with Mr Netanyahu, the Tesla titan said X currently has 550 million “monthly users” who generate 100-200 million posts per day, adding that the new change to include a “small amount of money” would be necessary to deal with the problem posed by bots. It is unclear whether the multibillionaire’s figure of 550 million monthly users includes bots and also doesn’t allow comparison with the metric the company has used to estimate its user base, called the “average monetizable daily active users” or mDAUs. But the Tesla chief said a subscription fee would make it more difficult for bots to create accounts as each bot would need a new credit card to register on the platform. “It’s the only way I can think of to combat vast armies of bots,” Mr Musk said. “Because a bot costs a fraction of a penny – call it a tenth of a penny – but even if it has to pay a few dollars or something, the effective cost of bots is very high,” he explained. The platform has historically struggled to curb the activity of bots, with the company’s former security chief Peiter Zatko telling the US Congress last year that Twitter does not even know how many automated accounts are on the site. Mr Musk even cited bots as a reason to back out of buying the social platform before he went on to complete the deal. He has also previously discussed putting all of Twitter behind a paywall. Now the Tesla boss says the rebranded X plans to introduce a new “lower tier pricing” than the $8 monthly fee it currently charges subscribers of its premium Blue service. The conversation between Mr Musk and the Israeli prime minister also touched on topics like AI regulation as well as hate speech and antisemitism on X. Mr Musk claimed during the discussion that he’s “against antisemitism” and “anything that promotes hate and conflict”. “I’m sort of against attacking any group, you know. Doesn’t matter who it is,” the Tesla chief said. Online safety experts have warned about the social media platform under “free speech absolutist” Mr Musk offering “amnesty” to accounts previously suspended for hate speech and instigating violence. Under the Tesla titan, the platform restored the account of former US president Donald Trump who was banned following the 2021 Capitol riots, as well as the profiles of Republican Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin. Read More The ex factor: the very complex love life of Elon Musk Netanyahu visits Elon Musk in California with plans to talk about artificial intelligence Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering
2023-09-19 13:21
U.S. Treasury bond ETFs draw net inflows this year despite recent market rout
By Suzanne McGee Investors have poured money into exchange traded funds (ETFs) focused on the US bond market
2023-10-17 18:29
Live Nation Wins 2023 Summer of Music, But Risks Loom in 2024
It’s the summer of live music, with seemingly every megastar from Taylor Swift to Beyoncé to Bruce Springsteen
2023-07-29 04:52
Claudia Goldin wins Nobel for work on women in the labour market
The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research that has helped understand the role of...
2023-10-09 18:58
Surging India Internet Stocks Trounce China Peers, Widening Gap
India’s consumer technology stocks are on a tear this year, handsomely beating their larger rivals in China and
2023-06-27 10:50
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