Wednesday, April 27, 2022

News: April 27

Jack Dorsey on Musk’s Twitter takeover: ‘Elon is the singular solution I trust’ "I trust his mission to extend the light of consciousness,” Dorsey said........ “Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step. .



Elon Musk Wants to Authenticate Every Twitter User. Crypto Twitter Should Take Notice Twitter’s soon-to-be owner says he wants to “authenticate” all humans, but did not say what that actually means. .



The Elusive Politics of Elon Musk The billionaire in pursuit of Twitter has often been described as a libertarian, but he has not shrunk from government help when it has been good for business. ........ Mr. Musk, 50, who was born in South Africa and only became an American citizen in 2002, expresses views that don’t fit neatly into this country’s binary, left-right political framework. ...... There is not much consistency in the miscellany of his public statements or his profuse Twitter commentary — except that they often align with his business interests. ....... He has railed against federal subsidies but his companies have benefited from billions of dollars in tax breaks and other incentives from federal, state and local governments. He has strenuously opposed unionization, criticizing the Biden administration for proposing a tax credit for electric vehicles produced by union workers. ......... He is the co-founder of an electric car manufacturer, Tesla, who quit former President Donald J. Trump’s business councils after the administration pulled out of the Paris climate accord. But he recently ran afoul of environmentalists for calling for an immediate increase in domestic oil and gas production, though it would not be helpful to his own businesses in electric cars and solar energy. ....... He is an avowed enthusiast for the First Amendment. But he has tried to force a journalist to testify in a defamation lawsuit against him, and he has often had outsize reactions to criticism. Four years ago, he floated a plan to create a website to rate the credibility of reporters, calling it Pravda, in an odd nod to the Soviet Union’s propaganda publication. (Nothing much came of it.) And a venture capitalist wrote at length about Mr. Musk canceling his order for a new Tesla after the investor complained about a Tesla event. ........ Mr. Musk said he was a registered independent when he lived in California, the state he famously and loudly left for Texas because he said its business climate had grown too inhospitable. He has described himself as “politically moderate” but added, “Doesn’t mean I’m moderate about all issues.” ....... it is Mr. Musk’s firmly held belief that in a functioning democracy, it is anyone’s right to say “whatever stupid thing you want.” This person, who spoke anonymously to not violate Mr. Musk’s trust, added dryly, “Which he occasionally does.” ......... “Elon Musk seems to be our last hope,” declared Tucker Carlson of Fox News. ......... He has given to both Gov. Greg Abbott, a Republican, and Gov. Gavin Newsom, a Democrat. ...... When Mr. Abbott last year defended a strict anti-abortion law that made the procedure virtually illegal in Texas by citing Mr. Musk’s support — “Elon consistently tells me that he likes the social policies in the state of Texas,” the governor said — Mr. Musk pushed back. ....... Few issues have raised his ire as much as the coronavirus restrictions, which impeded Tesla’s manufacturing operations in California and nudged him closer to his decision last year to move the company’s headquarters to Texas. ....... Tesla still has its main manufacturing plant in the San Francisco Bay Area suburb of Fremont, Calif., and a large office in Palo Alto. ........ Over the course of the pandemic, Mr. Musk’s outbursts flared dramatically as he lashed out at state and local governments over stay-at-home orders. He initially defied local regulations that shut down his Tesla factory in Fremont. He described the lockdowns as “forcibly imprisoning people in their homes” and posted a libertarian-tinged rallying cry to Twitter: “FREE AMERICA NOW.” He threatened to sue Alameda County for the shutdowns before relenting. ....... Mr. Musk expressed dismay over his belief that the pandemic had brought out irrational fears in many Americans. “It has diminished my faith in humanity, this whole thing,” he said. ........ But given Mr. Musk’s largely nondenominational political philosophy, some on the right were less sanguine. Ann Coulter, a frequent presence on Twitter, said that the billionaire entrepreneur struck her as “mostly apolitical” and “mostly about promoting himself.” .



Donald Trump’s Newest Problem: Elon Musk Mr. Musk’s plan for a Twitter takeover adds to the problems facing the former president’s nascent Truth Social network....... Elon Musk’s plan for a potential hostile takeover of Twitter is the latest challenge for Trump Media & Technology Group’s flagship Truth Social app, which Mr. Trump has positioned as Twitter’s freewheeling conservative counterpart. ........ his ideas for easing Twitter’s rules would further sap the appeal of Mr. Trump’s beleaguered start-up as it faces a regulatory investigation that could decide its future. ........ Trump Media would face a murkier future. After a flurry of downloads when Truth Social was launched, interest has dropped sharply. Sensor Tower, an app insights company, said the app was downloaded an estimated 41,000 times in the last full week of March, down 95 percent from the same period the previous month. ........ Truth Social, which is available only on Apple devices, has 1.3 million installs ....... The sagging engagement extends to Mr. Trump, who only recently hit the one million follower mark, a sliver of the 89 million he once had on Twitter. He has published just one post on Truth Social, a February message telling his followers to “Get Ready!”



Selling Twitter to Elon Musk Is Good for Investors. What About the Public? The company’s decision to sell seems to have been based purely on the financials, with little if any regard for other stakeholders. ........ Twitter is “the digital town square, where matters vital to the future of humanity are debated,” a triumphant Elon Musk proclaimed in announcing his deal to buy the social media platform. ....... In other words, Twitter is no ordinary corporation. It serves as something akin to a public utility, a unique global means of communication. ......... Mr. Musk is a polarizing figure. He is a world-changing entrepreneur, responsible for companies, like PayPal and Tesla, that have revolutionized enormous industries. He has used his considerable influence — he has 85 million Twitter followers — to inveigh against what he sees as a censorious liberal culture in technology and media. ......... it’s not as if Twitter, in its current cacophonous state, is some utopia of mild-mannered civic discourse.



How a railway line made the Adani family richer by Rs 5,000 crore In 2015, an entity controlled by Gautam and Rajesh Adani acquired Sarguja Rail Corridor for Rs 58 crore, now sold to Adani Ports for Rs 5,000 crore in shares. .

Food, Fertilizer and the Future .

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