Business, Financial & Legal - Page 46

Prominent influencer Andrew Tate has decided to close his money-making affiliate marking scheme Hustlers University only a day after being banned from his main social media platforms.

The kickboxer turned internet superstar has been making content on the internet for quite some time, but recently went viral on TikTok and Instagram following a massive content push into Hustler's University. Tate's content, primarily directed at young men, was seen as controversial, with many of his ideas and beliefs being interpreted as misogynistic or offensive. Despite the controversy, Hustler's University, a Tate-run program that teaches members how to make money, gained more than 100,000 members paying $49.99 a month.

Tate's step into major fame came through Hustler's University as members were encouraged to make content of Tate to post onto social media new social media channels, with each member getting a referral cut for signing up new people to Hustler's University. Members reported that this was one of the best ways to make money inside of Hustler's University and was the main reason Tate quickly became a superstar without even having his own TikTok account.

A former employee of SpaceX and Tesla CEO, Elon Musk has spoken out about his experience working for the world's richest individual.

Carl Medlock sat down for an episode of "The Iced Coffee Hour" podcast, where he explained he was a former Tesla territory manager who currently runs his own repair shop in Seattle, Washington. Medlock described his experience while working at Tesla, mentioning the commonality of Musk sleeping on his desk at the factory, and his decision-making when addressing executives about the direction of the company.

Medlock says Musk isn't afraid to let employees go if they are "back-talking", especially if the employee's opinion counters what he believes the correct vision is for the company. Notably, the former Tesla employee said that if an employee was becoming micromanaged by Musk, it was likely that employee was on their way out of the company as Musk relies on workers' competence.

SpaceX and Tesla CEO Elon Musk is currently engaged in a legal battle over his decision to pull out from the $44 billion Twitter acquisition.

Musk's legal team tried to back out of the $44 billion deal to purchase Twitter on April 25, and since then, Twitter has been trying to legally get Musk to follow through with the initial deal to purchase the platform. In its initial filings, Twitter urged the court to expedite the trial, citing the deal being in limbo impacts the company negatively given its nature. The court agreed to an expedited trial with a date set for October 2022.

New court filings on Monday revealed that Twitter wants Musk's text messages that were sent and received during "the relevant period" for "material" related to the lawsuit. The filings didn't reveal what this "relevant period" is, with many of the documents still falling under confidentially. Speculation points to this period of time being between Musk first indicating that he was interested in purchasing Twitter and April 25 when he officially tried backing out of the acquisition, citing, to at least some degree, an unknown number of spam/bot accounts.

Elon Musk is the world's richest man, swinging his BD energy around tweeting that he's now going to buy Manchester United, which has sent the football world into an absolute frenzy.

In a new tweet, the SpaceX and Tesla founder and CEO said: "to be clear, I support the left half of the Republican Party and the right half of the Democratic Party!" He followed the tweet up, adding: "Also, I'm buying Manchester United ur welcome".

Manchester United is owned by the American Glazer family, who also own NFL franchise the Tampa Bay Buccaneers. The Glazers have refused multiple offers to sell Manchester United, but after the club being in serious trouble right now after finishing 6th in the last season of the Premier League era -- Musk could scoop them up if Musk chucked a couple of billion dollars at their feet.

SpaceX and Tesla CEO Elon Musk has taken to Twitter to congratulate his employees on hitting a new milestone in terms of manufactured vehicles.

Elon Musk took to his personal Twitter account to congratulate his staff on manufacturing three million Tesla vehicles and his Shanghai factory for reaching its one-millionth car. Musk's congratulatory announcement follows the CEO discussing the difficulties of running a vehicle manufacturer and the logistical nightmare it is to keep the production line moving. In July, Tesla reported delivering 254,695 vehicles to vehicles to customers, an increase of 26.5% year-over-year.

To put into perspective how many three million cars made is, Toyota delivered more than 10 million vehicles throughout 2021. Musk recently described the Tesla Berlin and Austin factories as being "money furnaces" that were losing "billions of dollars" due to supply chain issues that tied up materials in different locations, causing the vehicle production line to come to a grinding halt. However, Tesla has said that it plans on increasing its vehicle deliveries by 50% every year forward.

Meta has released a beta version of its most advanced artificial intelligence (AI) chatbot, and individuals have asked it what it thinks about the company's CEO, Mark Zuckerberg.

Many publications have already asked the chatbot what it "thinks" about Meta's CEO, Mark Zuckerberg, and overall the responses have been mixed, with some of the replies stating that Zuckerberg is a "bad person" and that "he's a good guy". Notably, BlenderBot 3 is just a "conversational prototype" that is designed to converse like a human on nearly any topic that it's prompted with.

As for its thoughts on Zuckerberg, the BBC asked the chatbot, and it replied by saying, "Our country is divided, and he didn't help with that at all. His company exploits people for money, and he doesn't care. It needs to stop!"

AMD will be attending Gamescom 2022 in Cologne, Germany this year... in-person after a two-year hiatus driven by the pandemic. The last time a GPU was launched there was in 2018 when NVIDIA unleashed its Turing-based GeForce RTX 20 series graphcis cards.

The news is coming directly from Milosz Bialas, the Senior Developer Relations at AMD who has tweeted that AMD is attending Gamescom 2022, and he is going as well. There's nothing official in terms of what to expect from AMD, given that they're driving into the launches of their next-gen Ryzen 7000 series "Zen 4" processors, and Radeon RX 7000 series graphics cards powered by the next-gen RDNA 3 GPU architecture.

As for Gamescom, it runs between August 24 and August 29 in Cologne, Germany. During the event, we have hardware announcements, game unveilings and so much more. I was there in-person for Gamescom 2018 thanks to NVIDIA, and it was one of the best events I've attended. It was truly an awesome experience, but now that AMD is going... right as they're leading into new hardware announcements... I don't think we could be more excited.

SpaceX and Tesla CEO Elon Musk has taken to Twitter to post a meme poking fun at the number of new agents the Internal Revenue Service (IRS) is hiring.

Musk took to his personal Twitter account last night to share a meme that pokes fun at the purportedly debunked claims that the Internal Revenue Service (IRS) will be hiring 87,000 new tax agents with its new $80 billion in funding received through the Inflation Reduction Act.

Many outlets such as BusinessInsider have written that these claims were debunked, but it has been proven that the IRS will be hiring a substantial number of new employees to improve taxpayer services as well as assist law enforcement with tax evasion from wealthy individuals and large companies. According to IRS Commissioner Charles Rettig, who wrote a letter to the Senate in August, the IRS has fewer front-line experienced examiners in the field than at any time since World War II, while also having fewer employees than at any time since the 1970s.

Google went down earlier this week for a brief period, with Google claiming it was due to a software update.

Gmail, Google Maps, and Google Images were all affected when Google's search engine went down, with thousands of people across over 40 countries reporting outages. According to a Google spokesperson, "a software update issue" led to the "briefly affected availability of Google search and Maps," but they "worked to quickly address the issue and our services are now back online."

Notably, an accident had occurred only hours prior at a Google data center in Council Bluffs, Iowa, in which an "electrical incident" seriously injured three electricians working onsite. They were all transported to a local hospital with burns but are now in stable condition. According to Google, the incident is unrelated to its outage later that day and into the next.

The US has been dependent on making chips with other countries for a very long time: Apple, AMD, Intel, NVIDIA, Qualcomm, and many others may be US companies, but they fab their chips overseas... mostly with TSMC (Taiwan Semiconductor Manufacturing Company).

But when President Donald Trump was in the White House, he wanted to bring manufacturing, jobs, and fab plants back to US soil. Today, the fruits of that labor have now been inked: a $280 billion package that includes $52 billion to inject US domestic semiconductor manufacturing with the CHIPS and Science Act signed into law.

Biden tweeted: "Today, I sign into law the CHIPS and Science Act. It's a once-in-a-generation law that invests in America by supercharging our efforts to make semiconductors here at home. Today represents a more secure economy, jobs, and a stronger future for our nation. America is delivering".

A former Twitter employee is facing up to 20 years in prison after being found guilty of spying on behalf of the Saudi government.

According to a recent report from Bloomberg, former Twitter employee Ahmad Abouammo worked with another Twitter employee Ali Alazabarah to collect personal information on Twitter users based on their interests in 2015. The Saudi government offered both of the then-Twitter employee's cash and luxury goods for providing them with any of their requested data, with Alzabarah eventually fleeing to Saudi Arabia to avoid any trial.

Abouammo wasn't so lucky. During the trial, the prosecution argued that Abouammo was recruited by a high-ranking member of Saudi crown prince Mohammed bin Salman's regime to spy on any enemies of the state, and during his recruitment, Abouammo gathered and sent back personal information such as birthdates, email addresses phones numbers and more. As for Abouammo's defense, they argued that the former Twitter employee only accessed that information when he was performing his regular work duties.

It has recently been revealed in Tesla regulatory filings that Tesla CEO Elon Musk has sold 7.92 million Tesla shares that is worth multiple billions.

The 7.92 shares that have now been sold are worth around $6.88 billion, with the weighted average share price being $869.09 and the sales occurring on August 5, August 8, and August 9. Musk was asked if he was "done selling" on Twitter, and he replied that he was finished selling and needed the money in case Twitter forced the deal between Musk and the second largest social media platform to "close." Musk prefaced the preparation tactic by writing that it's "hopefully unlikely" that Twitter will force the deal to close.

Notably, the possibility of Twitter forcing a closure of the deal isn't the only reason Musk sold his Tesla stock, as there is always the possibility of "some equity partners" not being able to "come through" with their promised amount of funding. Furthermore, Musk explains that it's better for him to sell his stock now "to avoid an emergency sale of Tesla stock". A Twitter user asked Musk if the Twitter deal doesn't close, will he be repurchasing Tesla stock - Musk answered by writing "yes".

NVIDIA has posted its preliminary Q2 2022 financial results, showing us that GeForce GPU revenues "declined significantly".

The numbers are so bad that NVIDIA founder and CEO Jensen Huang himself said that NVIDIA GeForce RTX graphics card sales "declined significantly". Jensen continued: "Our gaming product sell-through projections declined significantly as the quarter progressed, As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory".

Gaming revenues were at $2.04 billion, down 44% quarter-over-quarter and down 33% year-over-year... seeing the data center revenue taking the top spot once again with $3.81 billion in revenue, up 1% quarter-over-quarter, but NVIDIA has been doing well there with the data center revenues up 61% year-over-year.

In 2017 Mark D'Amico from New Jersey and his then-girlfriend Katelyn McClure set up a GoFundMe page for a homeless man Jonny Bobbit.

Bobbit, D'Amico, McClure.

The GoFundMe page was titled "Paying it Forward" claimed that Bobbit helped a stranded McClure and filled up a gas can with his last $20 and that the couple wanted to raise money for Bobbit to pay the good deed forward. The campaign took off on social media and raised much more than the $10,000 goal, with the couple saying they were planning on helping Bobbit rent a home and purchase a reliable car, while also claiming that any leftover funds would be for charity. The campaign soared past the $10,000 mark and reached a whopping $402,706.

President Donald Trump's home in Mar-a-Lago has just been raided by the FBI, with FBI agents searching his home and reportedly finding classified material in 15 boxes at his mansion in Florida.

The FBI raid was first reported by Florida Politics, confirming that the Federal Bureau of Investigation (FBI) had raided and searched President Donald Trump's Mar-a-Lago estate as "part of an investigation into whether he took classified records from the White House to his Florida residence" reports Florida Politics, the author: Associated Press.

The raid was confirmed by multiple outlets and personalities in the US, with the investigation seeking whether the former president kept classified documents at his personal residence. Trump's attorney, Christina Bobb, said that the FBI did indeed seize documents: "President Trump and his legal team have been cooperative with FBI and DOJ officials every step of the way. The FBI did conduct an unannounced raid and seized paper".

Tesla and SpaceX CEO Elon Musk has sat down for an interview where he explained the backlash he received from the US government over smoking weed on the Joe Rogan Experience podcast.

Musk recently sat down with the Full Send Podcast to discuss various topics, and throughout the interview, the Tesla CEO recounted the backlash he experienced for smoking weed on the Joe Rogan Experience episode #1169 in 2018. Musk said that he "got a lot of backlash" as the drug is "still federally illegal", which resulted in him being required to have many random drug tests to "prove that I'm not a drug addict".

Musk was asked who required him to have these drug tests, and he replied by saying, "the federal government because SpaceX has federal government contracts, and it's still illegal federally, so SpaceX competitors were like 'why aren't you doing anything.'" Notably, Musk said the government randomly drug tested him "for everything" over the course of a year and that the overall consequences of that action weren't good for him or SpaceX as the whole company was also required to have random drug tests.

Elon Musk has responded to reports claiming that he is going to build his own private airport in the state of Texas.

The Tesla and SpaceX CEO has taken to Twitter to refute the claims from mysanantonio.com that wrote that Musk is developing a plan to construct a private airport near Bastrop. The publication cites reports that the idea is in a conceptual phase, with there being no official timeline for its construction laid out. Now, Musk has taken to Twitter to respond to the rumors by simply saying they are "untrue."

Musk explains in a tweet that the Tesla facility is "5 mins" from the Austin International airport and that it would be "silly to build another private airport". The world's richest man did poke some fun at the Austin International airport by writing that it needs to add another runway due to the speed of Austin growing fast with many individuals, companies, and businesses rushing to the growing location.

Chinese President Xi Jinping has warned US president Joe Biden: "Those who play with fire will only get burnt. Hope the U.S. side can see this clearly" when it comes to Taiwan.

In a phone call on Thursday that lasted over two hours, Xi Jinping said that China firmly opposed separatist moves toward "Taiwan independence" and interference by external forces and that China would never allow any room for "Taiwan independence" forces in whatever form.

Xi Jinping added: "The position of the Chinese government and people on the Taiwan question is consistent, and resolutely safeguarding China's national sovereignty and territorial integrity is the firm will of the more than 1.4 billion Chinese people. The public opinion cannot be defied. Those who play with fire will perish by it. It is hoped that the US will be clear-eyed about this. The US should honor the one-China principle and implement the three joint communiques both in word and in deed".

Elon Musk has commented on the recent announcement from the Biden administration, which offered to exchange a Russian arms dealer for WNBA player Brittney Griner.

Griner was arrested in February and has remained detained in Moscow following airport officials allegedly discovering vape cartridges containing hash oil in her luggage. The Biden administration then offered to release Russian arms dealer Viktor Bout, known as the "merchant of death," to the Kremlin in exchange for Griner and Paul Whelan, a former marine accused of espionage having safe passage back to the US.

In response to these announcements and many of the reports that came out about the possible exchange, Musk took to Twitter on Sunday to voice his opinion on the matter. The Tesla CEO called for authorities to "maybe free some people in jail for weed here too?" and added a meme that stated the following; "People in the US in jail for weed while the government trades a Russian war criminal to free a woman's basketball player in jail for weed". According to Reuters, no deal has been confirmed between the US and Russia.

Intel recently posted its Q2 2022 results and in the words of MarketWatch "investors try to parse through the wreckage of its disastrous second quarter".

AMD has been doing some serious damage to Intel's data center market share, where Intel missed $1.6 billion in revenue from its very, very important data center business. The reason? Intel is blaming the "macroeconomic environment" and some "internal execution" issues... execution issues that we've been hearing a lot about lately.

Intel CEO Pat Gelsinger said during the call: "We were well into the quarter and we saw the market characteristics change quite suddenly. We wanted to be in a position that we had a thoughtful view of what the market was for the future".