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Elon Musk has acknowledged that his $44 billion takeover of X may fail — a stark admission that came as he faced fresh public outrage over a decision to eliminate the social media sites block feature.

Musk commented on Xs uncertain future came even as Threads, the rival text-based social media platform launched by Mark Zuckerbergs Meta last month, prepared to roll out a web version in its latest effort to lure users.

The sad truth is that there are no great social networks right now, Musk said. We may fail, as so many have predicted, but we will try our best to make there be at least one.

The X owner, who is worth an estimated $225.5 billion, infuriated users last Friday by revealing they would no longer be allowed to block accounts, except in the case of direct messages.

Musk argued that the block feature makes no sense and said users would have to make do with simply muting accounts from appearing on their timeline.

The move triggered immediate pushback, with Monica Lewinsky among those who urged Musk and X CEO Linda Yaccarino to reconsider nixing the feature.

The sad truth is that there are no great social networks right now.

We may fail, as so many have predicted, but we will try our best to make there be at least one.

Please rethink removing the block feature. as an anti-bullying activist (and target of harassment) i can assure you its a critical tool to keep people safe online, Lewinsky said.

Despite his apparent doubts about Xs future success, Musk poked fun at users who had raised a stink about his decision to get rid of the block function.

Pretty fun blocking people who complain that blocking is going away. How does the medicine taste? Musk wrote on Sunday.

The criticism was one of the multiple headaches that emerged for X over the weekend.

On Saturday, a glitch on Xs platform caused pictures and videos that were uploaded to Twitter prior to 2015 to disappear from the site.

One of the pictures to be temporarily erased was comedians Ellen DeGeneres famous selfie from the 2014 Oscars alongside Jennifer Lawrence, Bradley Cooper and Meryl Steep. That image was later restored, though the glitch appeared to persist for other media.

“More vandalism from @elonmusk,” said user Tom Coates, who was among the first to flag the issue. “Twitter has now removed all media posted before 2014. Thats – so far – almost a decade of pictures and videos from the early 2000s removed from the service.”

Separately, a report from Mashable revealed that 42% of Musks roughly 153 million followers had zero followers of their own. More than 100 million accounts that follow Musk have tweeted fewer than 10 times.

More vandalism from @elonmusk. Twitter has now removed all media posted before 2014. Thats – so far – almost a decade of pictures and videos from the early 2000s removed from the service.

For example, heres a search of my media tweets from before 2014. https://t.co/FU6K34oqmA

The data suggests that many of Musks followers have inactive accounts — and raised the possibility that some could be bots. The billionaire famously vowed to eliminate all bots from Twitter as part of his plans to rejuvenate the site.

Meanwhile, Zuckerbergs plan to roll out a web version of Threads added additional pressure on X. While Threads has lost more than half of its user base since its debut, it is still considered the most significant challenge to date for Musks platform.

Instagram chief Adam Mosseri confirmed on Friday that Threads web version was close to a debut.

Its a little bit buggy right now, you dont want it just yet, Mosseri said. As soon as it is ready, we will share it with everybody else.

If X were to fail at some point, it would mark one of the costliest business disasters in history. Musk was forced to sell off a significant chunk of Tesla stock to fund the $44 billion deal.

Earlier this month, Yaccarino claimed that X is close to breaking even from a revenue perspective following Musks extensive cost-cutting measures, including mass layoffs.

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Entertainment

Kanye West criticised over Super Bowl ad for website selling swastika T-shirt

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Kanye West criticised over Super Bowl ad for website selling swastika T-shirt

Kanye West has been criticised over a TV advert directing people to a website selling a swastika T-shirt during the Super Bowl.

It shows him lying down, telling viewers: “I spent all the money for the commercial on these new teeth, so once again I had to shoot it on the iPhone… go to Yeezy.com.”

The site now features nothing but a single T-shirt with a swastika on the front – alongside the code “HH-01” – believed to be a reference to “Heil Hitler”.

The advert was shown in the Los Angeles area during the big game, but not nationwide.

The listing is the sole item on West's website
Image:
The listing is the sole item on West’s website

It comes after West deactivated his X account after more antisemitic posts last week.

The rapper’s final entry stated: “I’m logging out of Twitter. I appreciate [X owner] Elon [Musk] for allowing me to vent.

“It has been very cathartic to use the world as a sounding board. It was like an Ayahuasca trip.”

“Love all of you who gave me your energy and attention. To we connect again [sic]. Good afternoon and goodnight.”

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Kanye’s wife shocks at Grammys

West made multiple posts on Friday, including statements such as “I love Hitler” and “I’m a Nazi” – with the Campaign Against Antisemitism calling on Mr Musk to ban him.

The group said the T-shirt listing was another damning example of West’s dangerous prejudice.

“The swastika is the symbol adopted by Hitler as the primary emblem of the Nazis,” it posted.

“It galvanized his followers in the 20th century and continues to threaten and instil fear in those targeted by antisemitism and white supremacy.”

West – also known as Ye – has been suspended from Twitter at least twice before.

In October 2022, his account was restricted over antisemitic comments but he returned the following month. The outcry prompted Adidas to end their lucrative trainer deal.

Two months later, he was locked out again after posts including one appearing to show a swastika inside a Star of David.

Elon Musk, who rebranded Twitter as X in 2023, said at the time the suspension was “for incitement to violence” but the account was back up and running the following summer.

Read more:
Friends star urges Musk to remove West
West and Adidas reach settlement after years of lawsuits

West’s wife, Bianca Censori, also made headlines last week when she wore a fully transparent dress at the Grammy Awards.

The couple posed for several minutes on the red carpet before reportedly being escorted away.

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Business

Gas prices at a two-year high, putting pressure on already expensive energy bills

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Gas prices at a two-year high, putting pressure on already expensive energy bills

British wholesale gas prices have reached a more than two-year high, risking yet more expensive energy bills.

Low rates of gas storage in Britain and across Europe, combined with cold weather, have increased demand for gas to heat homes.

It’s brought the price up to 140 pence a therm (a unit of heat used to measure gas), a high not seen since January 2023.

Higher gas prices can bring up household bills as electricity costs are linked to wholesale costs.

Money blog: The 10 jobs crying out for applicants

Britain is reliant on European gas imports and has less storage capacity than its neighbours.

Last month, the owner of Britain’s largest gas storage site said levels in the country were “concerningly low”.

European storage levels have been depleted by cold weather and are now at approximately 50% capacity, well below the roughly 70% level recorded this time last year.

Gas is bought during cheaper periods, including when demand is lower in the summer, and then stored for use during times of high demand.

Britain is still reliant on the fossil fuel to generate electricity and heat homes and so is vulnerable to volatile prices.

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Gas and electricity bills became even more expensive in January

Global trade tensions have stoked fears of more supply shocks. On Monday, China slapped a 15% tariff on US gas in response to Donald Trump’s tax on Chinese imports.

Since Russia’s invasion of Ukraine three years ago gas costs have increased as Europe sought to limit its use of Russian supplies. Russia, however, remains a key source of gas for the continent.

Already expensive bills

Energy bills have already been going up. At the start of last month, energy regulator Ofgem brought up the energy price cap, which limits the unit cost of energy, amid forecasts of a further rise in April.

The energy price cap is revised every three months. A final decision on the cap for April, May and June will be made on 25 February.

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Environment

New York awards $60M to Revel to install 267 DC fast chargers

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New York awards M to Revel to install 267 DC fast chargers

New York Governor Kathy Hochul today announced it would loan $60 million to Revel to triple its EV charging infrastructure across New York City. 

NY Green Bank (NYGB), the state’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), is providing the loan to Revel, New York City’s largest provider of public DC fast-charging. It’s NYGB’s first EV charging infrastructure transaction.

The loan will allow Revel to more than triple its current New York City public fast-charging network in 2025. It will pay for the construction of 267 new charging stalls across nine sites and support the design and build of EV charging stations.

Revel will complete construction of the below 178 sites in the next 12 months, with the remainder to be completed by 2027. (Those with asterisks are in disadvantaged communities):

  • 60 charging stalls in Maspeth, Queens, which will be the largest fast-charging station in the Northeast US
  • 44 charging stalls near LaGuardia Airport, making it the largest fast-charging station near an airport in the US*
  • 24 charging stalls at John F. Kennedy International Airport (JFK), making it the largest charging station at the airport*
  • 30 charging stalls in Greenpoint, Brooklyn
  • 20 charging stalls in the Port Morris section of the Bronx*

Revel broke ground in November at JFK Airport, adjacent to the main rideshare vehicle waiting area, with support from the Port Authority of New York and New Jersey. With funding from NYGB, Revel will now be able to complete the construction of the 24 charging stalls. That site will open in Q1 2025 and is expected to be one of the busiest EV charging stations in the country.

NYSERDA’s president and CEO, Doreen M. Harris, said, “Increasing the state’s charging capabilities is a step forward in ensuring New Yorkers can plug in and drive clean, and we commend Revel’s leadership in this regard in a major hub and in high-impact locations such as major airports.”

Revel charging stations are open to the public on a 24/7 basis for any make and model EV. All chargers installed at future locations will have speeds of at least 320 kilowatts (kW).

Read more: Dandy Mini Marts chooses Tesla to install its first EV chargers


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