Many people dream of becoming a billionaire, but it's a world so beyond the imagination of most that we can’t begin to guess how people gained so much wealth.
Many people dream of becoming a billionaire, but it's a world so beyond the imagination of most that we can’t begin to guess how people gained so much wealth.
Elon Musk is the richest person in the world, but which companies has he earned his fortune from? According to this chart created by the team at Madison Trust Company, Elon’s road to billionaire status began back in 1995 when he started online business directory, Zip2, with funding from his father. Just four years later he sold Zip2 to Compaq Computer Corporation for $307 million. After selling Zip2, Elon Musk started X.com which merged with Confinity after a year to create PayPal. Just two years later PayPal was sold to eBay for a whopping $1.5 billion, and Elon used the money to invest in other companies that have since helped him earn his many billions.
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Twitter is undergoing a major change: the platform will soon
be known as “X,” as confirmed by the CEO Elon Musk himself. When you visit X.com,
you will be redirected to Twitter.com, and will also see a new “interim X logo”
in place of the iconic bird logo for Twitter.
The day before, Musk joined a Twitter Spaces session where after an hour of silence, he finally confirmed that the new Twitter logo would be out the next day. While Twitter’s business has already been renamed as X corp, it’s the first time that the platform’s logo will become a symbol for the change.
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As of March 2023, the richest person in the world is Bernard Arnault, as he and his family have a net worth of $214.4 billion. As the CEO, founder, and chairman of beauty empire LVMH, his has amassed his fortune after originally buying Christian Dior in 1985 for $15 million, and maximizing his profits.
Twitter CEO Elon Musk recently announced in his tweet that
Twitter will begin prioritizing replies in a new way in the coming weeks. Replies
will be prioritized in the following order: from people one follows, from verified
accounts and lastly from unverified accounts.
In January, it was observed that Twitter was going through significant
declines in tweet engagement, which was later found to be a result of
difficulties with implementation of new code changes, including re-ranking of
tweets.
While the new ranking method is limited to replies only, it could hopefully bring some exposure to tweets that deserve more engagement. However, this could also result in exposure given to the “wrong” verified accounts, such as spammers and attention seekers that intend to newsjack viral tweets.
Starting next
month, Twitter is taking away the SMS two factor authentication option away
from Twitter users except subscribers of Twitter Blue, hence making it a
Twitter Blue exclusive feature.
This means that only those who are willing to pay Twitter $8 a month will be able to keep their account safe from hacking. Explaining the reason behind its decision, Twitter says that it has “seen phone-number based 2FA be used - and abused - by bad actors.”
Tesla made quite a surprising announcement in January this
year, that it would be cutting prices on its vehicles by as much as 20%.
Even though price cuts are not new in the automotive world,
they surely are for Tesla. The company, which generally has been unable to keep
up with demand, has seen its order backlog shrink from 476,000 units in July
2022, to 74,000 in December 2022.
This has been attributed to robust production growth of
Tesla, which saw 2022 production increase 41% over 2021 (from 930,422 to
1,313,851 units).
Apparently, the days of “endless” demand of Tesla are over, Tesla
is going on the offensive by reducing its prices. This is a step that puts
pressure on competitors, but has also annoyed existing owners of this brand.
On Elon Musk’s demand to add a Bookmark UI to tweets,
Twitter has finally launched the functionality. The new Bookmark button can be
seen within the lower function display when a tweet is expanded.
Bookmarking tweets means saving them for later, which could lead to more engagement with tweets. Any time a user bookmarks a tweet, they will
be able to instantly access all their saved Bookmarks.
What’s interesting is that the Bookmarking button isn’t a brand
new addition to the app. It has actually always existed, but as Musk stated,
was hidden by “obscure UI.”
Bookmarking tweets can also be seen as another way of interacting with tweets that you don’t necessarily like. It is likely that people will be using the functionality to show their interest in tweets without having to tap the heart icon.
Twitter’s chief executive Elon Musk wants to bring users’
attention to an existing, underused feature in the app: tweet bookmarks. By bookmarking
tweets, the option of which currently lies within the share button, users can save
tweets that may be important to them.
To bring the bookmarking option out more in the open, as per Musk’s demand, Twitter is experimenting with a new display for the feature. In a preview shared by the company, the bookmark functionality can be seen in the top right of the tweet detail display.
Although the current position of Tesla in the Electric Vehicles market is at stake, because of all the negative headlines surrounding the company and the increasingly controversial CEO Elon Musk in recent weeks, it is not to forget the fact that the company’s cars are still very popular. Despite Musk’s Twitter takeover and the instability that came with it, it is still very early to determine if these factors will have a significant negative impact on demand for Tesla’s cars. Also, because Tesla very clearly currently positions as the maker of the most popular electric cars in the United States and in many parts of the world.
Elon Musk has suspended several personal accounts belonging
to journalists on Twitter, for allegedly sharing information regarding the whereabouts
of his private jet. The Twitter chief executive first suspended the @ElonJet
account belonging to Jack Sweeney and other accounts managed by him that were using
publicly accessible data to track locations of private jets. Musk later
expanded the suspensions to accounts owned by journalists who began sharing
tweets of the situation.
Musk even started a poll where he asked Twitter users when he should unsuspend the accounts. He later joined a Spaces chat with some of the journalists involved in the situation, as well as the @ElonJet account, where he informed them about the reasons that led him to his decision.
Here is Elon’s full appearance in @katienotopoulos’ spaces with banned journalists tonight pic.twitter.com/1xPFtrVjf6
— Brennan Murphy (@brenonade) December 16, 2022
Elon Musk
decided to bring a major change to how people use Twitter by announcing that users
will soon be allowed to post longer tweets containing up to 4000 characters. In addition to that, Musk also plans to enable
sharing of longer videos, so users would spend more time engaging with videos on Twitter instead of
switching to other video focused platforms, particularly YouTube. The integration would also open up monetization opportunities for creators.
Twitter has
already shared a preview of what longer tweets in text would look like and how
the process would work.
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