Tag: twitter

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DeSantis to launch 2024 bid on Twitter with Elon Musk

DeSantis’s announcement will end months of speculation about when he would officially declare his candidacy….reports Asian Lite News

Ron DeSantis, the Republican Governor of Florida, will launch his bid for the 2024 US presidential election on Wednesday during an online appearance on Twitter with outgoing CEO Elon Musk, according to media reports.

Musk confirmed the development at a Wall Street Journal event on Tuesday, reports CNN.

“I will be interviewing Ron DeSantis, and he has quite an announcement to make. And it will be the first time that something like this is happening on social media and with real-time questions and answers, unscripted,” the tech billionaire said, adding that he was not planning to endorse any candidate “at this time”.



The Twitter Spaces conversation between Musk and De Santish will take place at 6 p.m. on Wednesday and will be moderated by David Sacks — a tech entrepreneur and major political donor who contributed just over $70,000 to the Governor’s political committee in 2021.

Twitter Spaces is a platform that allows “creators” to host live audio conversations that other users can join and engage with.

An official launch video from the DeSantis campaign is expected later the same evening, the BBC reported.

The 44-year-old, who is being viewed as former President Donald Trump’s chief rival for the Republican Party’s nomination, is expected to file paperwork declaring his candidacy with the Federal Election Commission this week, an informed source told CNN.

A formal announcement is planned for next week in his Florida hometown of Dunedin, the source added.

Meanwhile, MAGA Inc. — Trump’s political action committee (PAC) — mocked DeSantis’ decision to announceme his bid on Twitter, calling it “one of the most out-of-touch campaign launches in modern history”.

“The only thing less relatable than a niche campaign launch on Twitter, is DeSantis’ after party at the uber elite Four Seasons resort in Miami,” MAGA Inc. said in a statement on Tuesday.

DeSantis’s announcement will end months of speculation about when he would officially declare his candidacy.

His tenure as Florida’s Governor has seen the state expand gun-ownership laws, implement restrictions on sex and gender identity education in public schools, and bring in new limits on abortion.

ALSO READ: Mishra, Raimondo discuss strengthening India-US economic ties

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USA

New Twitter CEO will allow me to focus on Tesla: Musk

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. (Xinhua/Ding Ting/IANS)

Tesla’s operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Musk-run EV maker continues to cut prices of its vehicles…reports Asian Lite News

The appointment of Linda Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, as Twitter CEO will free Elon Musk to devote more to Tesla and bring it back on course.

Musk’s role will now transition to being executive chair and CTO, “overseeing product, software and system operations.”

“Bringing on Linda allows me to devote more time to Tesla, which is exactly what I will be doing,” Musk said on Saturday.

Tesla’s operating income decreased 24 per cent to $2.7 billion in Q1 2023 as the Musk-run EV maker continues to cut prices of its vehicles.

In an earnings call with analysts, Musk said that Tesla will start delivering its long-delayed Cybertruck in the third quarter of 2023.

“It takes time to get the manufacturing line going, and this is really a very radical product. It’s not made in the way that other cars are made,” Musk said late last month.

In the first quarter, Tesla’s automotive revenue reached about $19.9 billion, an 18 per cent increase YoY. Tesla ended the March quarter with free cash flow of $441 million, down 80 per cent from the same period last year.

The company has drastically lowered the prices of EVs across its lineup in the US and Europe, in an effort to boost sales as its stock plummeted more than 60 per cent earlier this year.

Musk had hinted that more price increases may be on the way as Tesla adjusts to the demand created by the massive price cuts.

ALSO READ-A woman will head Twitter: Musk

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-Top News Social Media World News

A woman will head Twitter: Musk

Elon Musk

Earlier on Thursday, Musk said he had selected a chief executive for Twitter but did not disclose her identity….reports Asian Lite News

Elon Musk is in talks to hire Linda Yaccarino, the chair of global advertising and partnerships at NBCUniversal as the chief executive of Twitter, The New York Times reported.

According to the NYT, the people who spoke on condition of anonymity said the talks are now at an advanced stage. They said Yaccarino has been in discussion with Musk for weeks.

Last month, Yaccarino interviewed Musk onstage at an advertising event in Miami.
Earlier on Thursday, Musk said he had selected a chief executive for Twitter but did not disclose her identity.

In a tweet, he wrote, “She will be starting in ~6 weeks!” He added that he would remain involved as executive chair and “CTO,” which typically denotes chief technology officer and that he would still oversee Twitter’s product and software.

According to The New York Times, Musk and Yaccarino did not respond to requests for comment.

The Wall Street Journal earlier reported that Yaccarino was in talks with Musk.

Musk who bought Twitter for USD 44 billion last year will continue to retain a firm grip on the company even if he names a chief executive.

As Twitter’s owner, he has put his stamp on it by eliminating more than 75 per cent of its 7,500 employees, installing his own leaders and changing the service’s features and strategy. He also took Twitter private, which means he does not have to disclose corporate information to the public.

The outgoing CEO recently announced adding another update to Twitter allowing its verified users to have early access to encrypted messaging service.

The update is currently available only for verified users.

Earlier on May 11, Musk shared a tweet updating about the early version of the encrypted messaging being launched. “Early version of encrypted direct messages just launched. Try it, but don’t trust it yet,” his tweet read. (ANI)

ALSO READ: Musk settles defamation suit with Indian-American Sikh

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Tech Lite

Twitter account of KuCoin hacked, over $22.6K stolen

This unfortunately gave the hackers enough time to steal a total of $22,628…reports Asian Lite News

Singapore-based cryptocurrency exchange KuCoin has said that its Twitter account was hacked, allowing threat actors to promote a fraudulent giveaway scam, which resulted in the theft of more than $22.6K worth of cryptocurrency.

“The @kucoincom handle was compromised for about 45 mins from 00:00 Apr 24 (UTC+2). A fake activity was posted and unfortunately led to asset losses for several users,” the company tweeted on Monday.

“Please note that ONLY KuCoin’s Twitter account was compromised in this incident. We acted immediately to retrieve control of the account from official Twitter support after the incident occurred,” it added.

However, the company said that it will fully reimburse all verified asset losses caused by the social media breach and the fake activity.

Although the account was hacked for a brief 45-minute period, the crypto exchange has reported that during that time, 22 Bitcoin and Ethereum transactions were sent by its followers.

This unfortunately gave the hackers enough time to steal a total of $22,628.

“Until 02:00 Apr 24 (UTC+2), we have identified 22 transactions including ETH/BTC associated with the fake activity, with a total value of 22,628 USD,” KuCoin said.

Moreover, the company mentioned that the KuCoin team will implement additional security measures to fortify the protection of their social media accounts, in addition to Twitter’s existing 2FA (two-factor authentication).

“We are also conducting a thorough investigation of the incident with Twitter to prevent similar occurrences in the future,” the company stated.

In 2020, over $150 million is estimated to have been emptied in a hack of KuCoin. KuCoin confirmed the security incident saying that it detected some large withdrawals.

It found that part of Bitcoin, ERC-20 and other tokens in KuCoin’s hot wallets were transferred out of the exchange.

ALSO READ-Musk’s TruthGPT sparks buzz among Twitter influencers

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-Top News USA

Musk’s TruthGPT sparks buzz among Twitter influencers

Musk's TruthGPT sparks buzz among Twitter influencers: Report

The revelation comes as the billionaire has created a new company called X.AI which will promote artificial intelligence (AI) in the ChatGPT era…reports Asian Lite News

Elon Musk’s announcement of AI-powered chatbot TruthGPT, a ChatGPT alternative, has generated significant buzz among Twitter influencers, as evidenced by a sharp increase in discussions during the third week of April 2023, according to leading data and analytics company GlobalData.

“Twitter influencers are hailing the chatbot to pose a challenge to the existing offerings from industry giants such as Microsoft and Google,” said Smitarani Tripathy, Social Media Analyst at GlobalData.

“Many influencers are expressing hope that Musk will create a human-centric AI model that prioritises ethical considerations and advocates for the betterment of humanity, ultimately shaping a more responsible and sustainable future,” she added.

Some of the popular influencers also shared their opinions.

Patrick Henningsen, Producer at 21st Century Wire Media, tweeted, “an alternative approach to AI is needed to avoid the destruction of humanity”.

Moreover, Ben Goertzel, Co-Founder and CTO at OODA, said: “We need TruthGPT, but we also need something far beyond TruthGPT, we do need systems that use logic to understand the truth in ways that LLMs don’t, but we also need systems that understand deeper human truths including trans-rational and spiritual human truths”.

In February, Musk for the first time tweeted that what we need is a “TruthGPT.”

The revelation comes as the billionaire has created a new company called X.AI which will promote artificial intelligence (AI) in the ChatGPT era.

Incorporated in Nevada, Texas, the company has Musk as the only listed director, and Jared Birchall, director of Musk’s family office, as secretary, according to a filing.

Musk aims to create an AI firm to take on Microsoft-backed OpenAI.

ALSO READ-Musk’s wealth nosedives $12.6 bn

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Business Economy

Twitter to let user to trade stocks, crypto

This new feature is now rolling out on the Twitter app….reports Asian Lite News

Twitter has partnered with Israel-based social trading company eToro, which will allow users to access stocks, cryptocurrencies and other financial assets.

The company introduced a new feature called — ‘Cashtags’, which will let users search for a ticker symbol and insert a dollar sign in front of it, after that the app will show them price information from TradingView using an API (application programming interface), reports CNBC.

This new feature is now rolling out on the Twitter app.

In addition, this new feature will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro.

“As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter (and) educate themselves about the markets,” Yoni Assia, eToro’s CEO, was quoted as saying.

“There is very high-quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us to reach those new audiences (and) connect better the brands of Twitter and eToro,” he added.

Moreover, the report said that with the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes.

eToro, which was founded in 2007, is an online brokerage that allows users to buy and sell stocks, cryptocurrencies, and index funds.

One of its most popular features is the ability to mimic the trading strategies of other users, the report mentioned.

According to Assia, the company has more than 32 million registered users across Europe, Asia, and the US.

ALSO READ: Apple to use 100% recycled cobalt in batteries

Categories
-Top News Social Media USA

White House refuses to pay for staffers’ Twitter Blue

The White House in Washington, D.C., the United States. (Photo by Ting Shen/Xinhua/IANS)

White House staff reportedly asked to purchase Twitter Blue on “their personal social media accounts using personal funds“

The members of the White House will have to spend on their own in order to keep the blue verification checkmarks on Twitter, the White House informed its staffers on Friday via an email saying that won’t be subscribing to Twitter Blue, New York Post reported.

When Elon Musk took control of Twitter as the CEO, a change was announced regarding the blue checkmarks. According to the new policy, Twitter plans to discontinue its long-running verified programme, removing the blue checkmarks from accounts that don’t pay the USD 8 monthly subscription fee.

“It is our understanding that Twitter Blue does not provide person-level verification as a service,” White House Director of Digital Strategy Rob Flaherty informed staffers via email, according to New York Post.

“Thus, a blue check mark will now simply serve as a verification that the account is a paid user. Staff may purchase Twitter Blue on their personal social media accounts using personal funds,” Flaherty wrote in the email.

According to media reports, news organisations including the New York Times, Washington Post, and Los Angeles Times have informed staff members that they will not be paying for Twitter Blue.

The White House will join individuals like NFL quarterback Patrick Mahomes, who won the Super Bowl, and NBA superstar Lebron James in refusing to continue paying the monthly price to be verified, New York Post reported.

After taking over the microblogging site, Musk announced the ability for users to purchase a blue tick verified through Twitter Blue.

Despite getting internal warnings from Twitter’s own trust and safety staff, Musk’s plan resulted in the impersonation of high-profile accounts, including Twitter’s advertisers, The Verge reported.

After Musk took over Twitter, the microblogging site has been adding and removing separate, grey checkmarks on high-profile accounts without explaining the reason. (ANI)

ALSO READ: Musk becomes most-followed person on Twitter

Categories
-Top News Social Media World News

Musk becomes most-followed person on Twitter

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. (Xinhua/Ding Ting/IANS)

The billionaire who bought Twitter for $44 billion last year now has 133,068,709 followers, compared to Obama’s 133,042,819…reports Asian Lite News

The Twitter acquisition has helped its CEO Elon Musk become the world’s most followed person on the platform, as the Chief Twit on Thursday dethroned former US President Barack Obama as the most followed person on Twitter.

The billionaire who bought Twitter for $44 billion last year now has 133,068,709 followers, compared to Obama’s 133,042,819, according to the follower counts.

Top celebrities like Justin Bieber with over 113 million Twitter followers and Katy Perry with over 108 million followers are at the third and fourth most-followed spots, respectively.

Musk reached the 100 million followers-mark in June last year and since then, there has been a meteoric rise in his popularity.

While Obama hardly tweets, especially promoting a key social cause or highlighting his work as the US President, Musk keeps tweeting left, right and centre on nearly all the topics that trend in the world.

Twitter ‘inching closer’ to finalise $46.5 bn deal with Elon Musk

Musk in February said he was making his Twitter account private to see if it improves reach.

“Made my account private until tomorrow morning to test whether you can see my private tweets more than my public ones,” he posted.

This meant the only people able to see the billionaire’s tweets were his followers and no one was able to retweet Musk’s tweets either.

It came amid complaints from users that their tweets were not being seen by as many people as they used to.

Musk later removed the private setting from his account.

ALSO READ: Musk, others call for pause on all giant AI experiments

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Social Media Tech Lite

Twitter working on in-app currency to help creators earn

The screenshot posted by both researchers mentioned, “Coins allow you to support creators who Tweet great content. Unused coins are kept in your balance.”…reports Asian Lite News

Twitter is reportedly working to launch its in-app currency ‘Coins’, which will help creators to make money on the micro-blogging platform.

This new feature was spotted by app researchers Jane Manchun Wong and Nima Owji, who shared it on the micro-blogging platform on Tuesday.

The screenshot posted by both researchers mentioned, “Coins allow you to support creators who Tweet great content. Unused coins are kept in your balance.”

Wrong wrote, “Twitter is working on Coins purchasing screen.”

“Twitter is also working on a ‘Coins’ menu item that takes you to the purchase screen,” she added.

On the other hand, Owji said, “It seems to be an in-app currency to support the creators. I didn’t find anything that relates it to *crypto* currency.”

Owji had also mentioned last month that the company was working on ‘Coins’. However, it is still unclear when the platform will launch this new in-app feature.

Meanwhile, Wong had earlier mentioned that the company was working on a new feature called ‘Tweet Awards.’

According to the image shared by Wong last week, users would be able to purchase gifts for one coin to 5,000 coins.

It might be possible that Twitter would get a cut of revenue generated from coin purchases.

ALSO READ-Tesla misses goals amid Twitter distraction

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Social Media

Twitter web suffers major outage

Twitter. (File Photo: IANS)


According to downdetector.com, a website that monitors online outages, around 10,000 reports noted for Twitter across the US…reports Asian Lite News

Micro-blogging platform Twitter on Thursday faced a major outage across the US on the web version.

The platform showed error messages to several users, “Something went wrong, but don’t fret — it’s not your fault. Let’s try again.”

According to downdetector.com, a website that monitors online outages, around 10,000 reports noted for Twitter across the US.

Taking to the micro-blogging platform many users reported the issue.

While one user asked, “Is Twitter down on PC or am I just getting crazy?”, another said, “Twitter just logged me out of my desktop version. I go to log in and it says I’m already logged in and gives me this message. Anybody else’s doing this?”

In July, the micro-blogging platform suffered a mega outage as several users across the world had error messages like “this page is down”.

Several users had also faced “over capacity” error messages across Twitter web, mobile and the TweetDeck app.

ALSO READ-Data of 400 mn Twitter users stolen, claims hacker