Connect with us

Published

on

close video Why has the removal of Twitter’s blue checks caused such a controversy?: Gary Hoffmann

‘Kennedy’ panelists Robby Soave, Gary Hoffmann and Scott Levenson discuss Twitter’s decision to add blue checks to the accounts of dead celebrities.

Jack Dorsey gave his unfiltered perspective on Elon Musk’s purchase and leadership of Twitter this weekend while speaking with users of Bluesky, a Twitter alternative the billionaire is backing. 

"No," Dorsey, the co-founder of Twitter, answered a Bluesky user on Friday who asked if he thought Musk was the best leader for the platform, Bloomberg reported. "Nor do I think he acted right after realizing his timing [of the purchase] was bad. Nor do I think the board should have forced the sale. It all went south."

Musk finalized his purchase of Twitter for $44 billion last October, following a protracted legal battle in which he tried to get out of the sale. After the purchase, the SpaceX CEO began laying off thousands of employees, claiming the company was losing $4 million a day. 

He also controversially began charging Twitter users $8 a month in April to receive a "blue check," ending the platform’s previous verification system. 

TWITTER TO TAKE 10% CUT ON CONTENT SUBSCRIPTIONS AFTER 12 MONTHS 

Jack Dorsey had previously supported Elon Musk buying Twitter. (Jim Watson/AFP via Getty Images / Getty Images)

"Payment as proof of human is a trap and I’m not aligned with that at all," Dorsey added on the invitation-only platform. "The payment systems being used for that proof exclude millions if not billions of people."

Official agencies and some notable users with a large number of followers have maintained their blue checkmarks or have been given gray ones that signify a government agency or official.

Dorsey had previously been friendly with Musk and a year ago he tweeted, "Elon is the singular solution I trust" regarding the platform. "I trust his mission to extend the light of consciousness." 

TWITTER'S WILD RIDE UNDER ELON MUSK – 1 YEAR LATER 

Amid the November layoffs, Dorsey apologized for growing the company "too quickly."

"Folks at Twitter past and present are strong and resilient," he wrote on Nov. 5. "They will always find a way no matter how difficult the moment. I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that." 

But on Friday, Dorsey said to Bluesky users that Twitter "would have never survived as a public company." 

Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami Beach, Florida, on April 18, 2023. ((Photo by CHANDAN KHANNA/AFP via Getty Images) / Getty Images)

CLICK HERE TO GET THE FOX NEWS APP

"Would you rather have had it owned by hedge funds and Wall Street activists? That was the only alternative," he argued. 

Fox Business has reached out to Twitter for comment. 

Continue Reading

Politics

UK-France migrant returns deal comes into force

Published

on

By

UK-France migrant returns deal comes into force

Sir Keir Starmer and Emmanuel Macron’s migrant deal comes into force today, with detentions set to begin by the end of the week.

The “one in, one out” pilot scheme – which allows the UK to send some people who have crossed the Channel back to France in exchange for asylum seekers with ties to Britain – was signed last week, and has now been approved by the European Commission.

Politics Hub: Follow live updates

It comes as 2025 is on course to be a record year for crossings.

Approximately 25,436 people have already made the journey this year, according to PA news agency analysis of Home Office figures – 49% higher than at the same point in 2024.

The prime minister and the French president hailed the deal as a “good agreement” when it was first announced during the latter’s visit to the UK last month.

The scheme also means that anyone arriving in a small boat can be detained immediately, with space set aside at immigration removal centres in anticipation of their arrival.

Sir Keir said the ratification of the treaty will “send a clear message – if you come here illegally on a small boat you will face being sent back to France”.

Ministers have so far declined to say how many people could be returned under the deal, however, there have been reports that under the scheme only 50 people a week will be returned to France.

Analysis: Deal will need to go much further to work

Sky News political correspondent Rob Powell said while it was a “policy win” for the government, the numbers must eventually “go a lot higher” than 50 per week if it is to work as a deterrent.

“The average crossing rate is about 800 a week, so this will need to go up by a sizeable factor for that message to start seeping through to people trying to make that crossing,” Powell added.

The aim will be to make asylum seekers believe the “risk of going back to France is so big that they shouldn’t bother parting with their cash and paying smugglers” to make the crossing.

Read more:
What is the UK-France migrant returns deal?
Clampdown on social media ads for Channel crossings unveiled

Migrants in Dunkirk, France, preparing to cross the English Channel
Image:
Migrants in Dunkirk, France, preparing to cross the English Channel.

The Conservatives have branded the agreement a “surrender deal” and said it will make “no difference whatsoever”.

Under the terms of the agreement, adults arriving on small boats will face being returned to France if their asylum claim is inadmissible.

In exchange, the same number of people will be able to come to the UK on a new legal route, provided they have not attempted a crossing before and subject to stringent documentation and security checks.

The pilot scheme is set to run until June 2026, pending a longer-term agreement.

Home Secretary Yvette Cooper will face questions on the agreement on Sky News Breakfast this morning.

Continue Reading

Environment

Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices

Published

on

By

Saudi Aramco posts drop in quarterly revenues amid lower crude, oil products prices

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. 

Hamad I Mohammed | Reuters

Saudi Aramco on Tuesday posted a drop in second-quarter revenues, citing lower crude oil and refined chemical products prices that were only partially offset by higher traded volumes.

The world’s largest oil company declared an adjusted net income of 92.04 billion Saudi riyal ($24.5 billion) over the three months to the end of June. The result compares with a forecast of adjusted net income of $23.7 billion, according to an analyst survey estimate supplied by the company.

Second-quarter revenues dropped to 378.83 billion Saudi riyals from 425.71 billion Saudi riyal in the same period of the previous year.

“Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half,” Aramco CEO Amin Nasser said in a Tuesday statement accompanying the results.

Crude prices have stayed depressed over the course of the year, barring a brief second-quarter flare-up sparked by Israel-Iran tensions. Futures have been under pressure from an uncertain outlook for demand, exacerbated since April by the rollout of Washington’s wide-spanning tariffs. The protectionist trade measures muddy the picture for growth in the world’s largest economy and the future of the U.S. dollar, which denominates most commodities — including crude oil.

Aramco’s income is set to see a boost from higher output, after Saudi Arabia – and seven other OPEC and non-OPEC partners — complete unwinding 2.2 million barrels per day of voluntary cuts through a last tranche in September. Saudi Arabia most recently produced 9.356 million barrels per day in June, according to independent analyst estimates compiled in OPEC’s Monthly Oil Market Report.

Aramco has increasingly tapped debt markets, with two issuances totalling $9 billion in the second half of 2024 and a three-part bond sale of $5 billion this year.  

Front of mind for investors is the dividend policy at Aramco, which in March slashed investor returns for 2025 to $85.4 billion — down sharply from the $124.2 billion of 2024 — after a first-quarter decline in net profits. Aramco declared a base dividend of $21.1 billion and a performance-linked dividend of $0.2 billion in the third quarter.

The company’s dividend yield stood at 5.5% as of Monday, still ahead of U.S. industry peer Exxon Mobil‘s 3.6% and Chevron‘s 4.5%, according to FactSet data.

Aramco’s payouts ripple sharply into the budget of Saudi Arabia, which has been juggling diversifying its economy away from oil reliance under Crown Prince Mohammed bin Salman’s signature Vision 2030 program. Saudi Arabia’s gross domestic product expanded by 3.9% in the second quarter, boosted by non-oil activities.

Continue Reading

Sports

Boone: Judge rejoining Yanks for Tuesday’s game

Published

on

By

Boone: Judge rejoining Yanks for Tuesday's game

ARLINGTON, Texas — Aaron Judge will be activated by the New York Yankees on Tuesday, when their captain is eligible to come off the 10-day injured list after being sidelined because of a flexor strain in his right elbow.

Maybe the two-time AL MVP slugger can help get them back on track.

Manager Aaron Boone said after New York’s fourth consecutive loss, 8-5 to the Texas Rangers in 10 innings on Monday night, that Judge would be available for the middle game of the three-game series.

“Judge tomorrow,” Boone said, without elaborating when asked about his return.

Though Boone didn’t reveal then what the specific plans were, he had said before the game that Judge would be the designated hitter when he first returned to the lineup. He said the outfielder could also play catch while in Texas, which would help determine when he could return to playing in the field.

After hitting off Yankees minor league pitchers at the team’s complex in Tampa, Florida, for the second day in a row on Monday, Judge traveled to Texas and was there for the series opener. He didn’t speak to reporters in the clubhouse after the game.

Judge hasn’t played since July 25 because of the elbow strain. An MRI showed no acute damage to his ulnar collateral ligament and he had a platelet-rich injection July 27, when he was put on the IL in a move retroactive to the previous day.

His .342 batting average was still the best in the majors after Monday’s games. He was fourth with 37 homers and fifth with 85 RBIs.

New York will have an open spot on its active roster because Boone said newly acquired outfielder Austin Slater was headed to the IL. Slater, acquired last Wednesday from the Chicago White Sox, exited in the second inning Monday night because of left hamstring tightness after running out a fielder’s choice grounder.

Giancarlo Stanton has been the Yankees’ starting DH for all of his 32 games this season, including the opener against the Rangers when his 10th homer was a two-run shot in the fourth that put the Yankees up 5-4. He sat out the first 70 games of the season because of inflammation in the tendons of both elbows, and Boone said he wouldn’t play the outfield in Texas if Judge did DH during the series.

The first time Judge said he felt pain in the elbow was July 22 at Toronto, after he made a strong throw home when George Springer singled to right. An inning later, Judge winced after catching a fly in the right-field corner and throwing to second baseman Jazz Chisholm Jr. Judge was caught by a YES Network camera clenching his right hand in a fist.

The Yankees arrived in Texas after being swept in a three-game series at Miami and falling to third place in the AL East behind Toronto and Boston. They were in first place to start July, but are now 5½ games behind the division-leading Blue Jays, and currently in a wild-card spot 2½ games behind the Red Sox with 49 left in the regular season.

When asked if the current stretch, which includes an 18-28 record since June 13, was weighing on his team, Boone said he felt that it was.

“Doesn’t matter,” Boone said. “Nobody cares how stressful it is, or that’s all just noise, excuses, whatever. We’ve got to play better, and we’ve got to win, and we know that.”

Continue Reading

Trending