Former UK Chancellor of the Exchequer, George Osborne, joins Coinbase amid legal battle in US | Cryptocurrency firm faces legal challenges

George Osborne has been hired by Coinbase, a U.S. cryptocurrency exchange operator that is facing an intense legal battle with U.S. regulators.

The San Francisco-based company announced Wednesday that it has appointed the former British Prime Minister to its advisory board and will “lean on his insight and experience as we grow Coinbase around the world.”

Mr. Osborne’s appointment will be to the Securities and Exchange Commission (SEC). suing coinbase, accused it of acting as an intermediary in cryptocurrency transactions while circumventing disclosure requirements meant to protect investors. The company disputes this claim and is fighting it in court.

This is the latest in a series of high-paying jobs Mr Osborne has held since leaving government in 2016. At one point, Mr Osborne had nine jobs, ranging from newspaper editing and financial management to providing guidance and advice to the government on leveling the North of England.

Osborne left some of his work behind when he joined boutique investment banking advisor Robbie Warshaw as a partner in 2021. Mr Osborne last year collected part of his £28m remuneration for his work at the company. His salary at Coinbase has not been disclosed.

“There is a tremendous amount of exciting innovation happening in the financial industry right now,” Osborn said of his appointment to Coinbase. “Blockchain is transforming financial markets and online transactions. Coinbase is at the forefront of these developments. I look forward to working with the team as we build a new future for financial services.”

Faryar Shirzad, Chief Policy Officer at Coinbase, said: “We are delighted to welcome George to our Board at an exciting time for us both in the UK and globally.”
“George has extensive experience in business, journalism, and government. We look forward to relying on his insight and experience as we grow Coinbase around the world.”

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Osborne’s other current jobs include: Chairman of the Northern Powerhouse Partnership. Chair of the British Museum. “Distinguished Visiting Scholar” at the Hoover Institution. He is a visiting professor at Stanford University’s Graduate School of Business, where he teaches a course on decision making. He is chairman of Lingotto Investment Management, the $3 billion investment fund of Italy’s billionaire Agnelli family’s Exor Group, which owns large stakes in Juventus FC, The Economist and Ferrari.

Source: www.theguardian.com

First American lunar lander in over five decades blasts off towards the moon, but faces early technical issues


Astrobotic said the cause of the failure was likely a propulsion failure, adding that a further update would be issued once more data is acquired and analyzed.

Peregrine’s mission represents a new chapter in the commercial space industry, launching private companies into the space race and delivering to NASA and other customers.

The Pittsburgh-based company First private company to succeed in landing This is something only four countries have achieved on the moon. A Houston-based company also has a lander ready to fly and is expected to take a more direct route to the moon.

NASA provided both companies with significant funding to build and fly their own lunar landers. The space agency hopes the privately owned lander will scout the site before astronauts arrive, while also providing technical and scientific experiments for NASA and benefiting other customers. Astrobotic’s Peregrine lander contract: $108 million.

During its first flight, the Peregrine lander carried five NASA instruments. Following the technical anomaly, NASA said it would learn from the situation.

“Each success and setback is an opportunity for us to learn and grow,” Joel Kearns, deputy assistant administrator for exploration at NASA’s Science Mission Directorate, said in a statement Monday. “We will use these lessons to advance our efforts to advance science, exploration, and commercial development of the Moon.”

The last time the United States launched a moon landing mission was in December 1972. Apollo 17’s Gene Cernan was the last human to set foot on the moon as mission commander, and Harrison Schmidt was the 12th astronaut to walk on the moon. , concluded an era that continued to be the pinnacle of NASA.

The space agency’s new Artemis mission, named after Apollo’s twin sister in Greek mythology, aims to return astronauts to the moon’s surface within the next few years. first, Flight around the moon by four astronautsProbably by the end of the year.

Highlighting Monday’s moonshot was the long-delayed initial test flight of the Vulcan rocket from Cape Canaveral Space Force Station. The 202-foot (61-meter) rocket is essentially an upgraded version of ULA’s highly successful flagship Atlas V, which will be phased out along with the company’s Delta IV. Jeff Bezos’ rocket company Blue Origin provided his two main engines for the Vulcan.

The then-Soviet Union and the United States suspended touchdowns after a string of successful moon landings in the 1960s and 1970s. China joined the elite club in 2013, India in 2023.But I also saw it last year Landing craft from Russia and Japanese private companies crash into the moon. In 2019, an Israeli nonprofit organization's lander crashed.

Next month, SpaceX will provide lifts for the lander from Intuitive Machines.

In addition to flight experiments for NASA, Astrobotic has launched its own cargo transportation business, shipping its 6-foot-tall (1.9-meter-tall) Hayabusa lander with rock chips from Everest and toy-sized objects it catapults from Mexico. I packed everything up to my car. It will reach and cruise the moon’s surface, collecting the ashes and DNA of deceased space enthusiasts, including “Star Trek” creator Gene Roddenberry and science fiction writer Arthur C. Clarke.

The Navajo Nation recently asked for the launch to be postponed because of the human remains. He said it would be a “grave desecration” of the celestial bodies worshiped by Native Americans. Thornton said the December challenge was too late, but promised to work to find a “good path forward” with the Navajo Nation for future missions.

Celestis, one of the spaceflight memorial companies that purchased space for the lander, said in a statement that no single culture or religion owns the moon and should not be able to veto the mission. There will be more debris in the rocket’s upper stage, and once released from the lander, it will orbit the sun indefinitely all the way to Mars.

Freight rates for Hayabusa range from a few hundred dollars to $1.2 million per kilogram (2.2 pounds), not enough for Astrobotic to break even. But Astrobotic CEO John Thornton says that’s not the point for this first flight.

“A lot of people’s dreams and hopes rest on this,” he said.

Source: www.nbcnews.com

Artificial Intelligence Can Mimic Human Faces Better Than Real Humans

One study found that AI-generated white faces were perceived as more realistic than real human faces, and there were significant differences in the realism of AI faces for people of color. This trend is believed to be due to bias in AI training, raising concerns about reinforcing racial bias and spreading misinformation. Credit: SciTechDaily.com

A study reveals that AI-generated white faces are more realistic than real human faces, raising concerns about potential racial bias and misinformation in AI technology.

Artificial intelligence (AI) has reached a point where white faces created by AI now appear more real than human faces, according to a study conducted by experts at the Australian National University (ANU).

This study found that more people perceived AI-generated white faces as human compared to real human faces, with a different outcome for images of people of color.

Dr. Amy Dowell, the lead author, explained that the disproportionate training of AI algorithms on white faces contributed to this disparity.

Impact of AI Realism

Dr. Dowell expressed concern about the potential impact of consistently perceiving white AI faces as more realistic, especially in reinforcing racial bias online and its impact on people of color.

This image was generated by AI, specifically Midjourney V5.2. Credit: SciTechDaily.com

Understanding AI “Hyperrealism”

Researchers pointed out the problem of AI’s “hyperrealism,” where people often mistake AI faces for real human faces without realizing it.

The study also identified physical differences between AI and human faces that people tend to misinterpret, highlighting the need for transparency in AI technology.

Potential Consequences

This trend has serious implications for the prevalence of misinformation and identity theft, and the researchers emphasize the importance of increasing transparency around AI technologies and raising public awareness. Source: Psychological Science, Journal of the Psychological Science Association.

Reference: “AI Hyperrealism: Why AI faces are perceived as more realistic than human faces” Elizabeth J. Miller, Ben A. Steward, Zach Witkower, Claire AM Sutherland, Eva G. Kramhuber , by Amy Dowell, November 12, 2023; Psychological Science. DOI: 10.1177/09567976231207095

Source: scitechdaily.com

Nikola’s Founder Trevor Milton Faces Four-Year Prison Sentence for Securities Fraud

Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, has been sentenced to four years in prison for securities fraud. The ruling by Judge Edgardo Ramos of U.S. District Court in Manhattan brings an end to a years-long saga in which Nikola’s stock soared 83% at one point, only to plummet months later amid fraud charges and contract cancellations.

The sentencing hearing was postponed four times, during which time Milton remained free on $100 million bail.

In his sentencing, Ramos said each charge carries a sentence of 48 months in prison, concurrent terms, and a $1 million fine. Milton is expected to appeal the ruling, which Ramos confirmed.

Milton sobbed before sentencing, pleading with Judge Ramos for leniency in a lengthy and often confusing statement. At one point, Milton said he had stepped down as Nikola’s CEO not because of the fraud allegations, but to support his wife.

“I resigned because my wife was suffering from a life-threatening illness,” he said. in his statement, shared by Inner City Press reporter Matthew Russell Lee in a social media post X. She suffered from medical malpractice, someone else’s plasma. So I resigned because of that – not because I was a fraud. Truth matters. I chose my wife over money and power. ”

Milton, 41, was found guilty by a jury in October 2022 of one count of securities fraud and two counts of wire fraud after being found guilty of lying to investors about the development of electric trucks to inflate Nikola’s stock price. received the verdict.

At the sentencing hearing, defense attorneys said Milton never intended to defraud investors or harm anyone. Rather, he claimed he just wanted to be loved and admired like Elon Musk. Prosecutors pushed back, arguing that he repeatedly lied and targeted individual investors.

Milton faced up to 60 years in prison, although federal prosecutors recommended an 11-year sentence. The government also sought a $5 million fine, the forfeiture of the Utah ranch, and unspecified restitution to investors. The amount of restitution will be determined after Monday’s sentencing hearing.

Prosecutors in the case say Milton has been defrauding investors since 2019 by making improper statements, including that Nikola built trucks “from scratch” and developed batteries that were actually purchased elsewhere. He is accusing them of having been. There’s also the infamous Nikola marketing video where the truck appears to be driving under its own power. In reality, it was rolling down the hill.

The video sparked an independent investigation, and Milton resigned in September 2020 after a Hindenburg Research report labeled the company a fraud. The company ultimately paid a $125 million penalty in a settlement with the U.S. Securities and Exchange Commission. Nikola’s stock price plummeted, causing significant losses not only to the company but also to investors.

In the end, Mr. Nikola sought a settlement with the SEC and reimbursement of the fine, and in October a New York arbitration panel ordered Mr. Milton to pay the company $165 million.

Milton has since pleaded not guilty to the charges, but his lawyers argue there is no evidence the former CEO intended to defraud investors. Any misstatements were a result of optimism and confidence in the company, they said. last month, Milton’s lawyer said: He must be placed on probation, in part to care for his sick wife.

Milton’s decision is one of the few high-profile cases involving a technology founder. Theranos founder Elizabeth Holmes is serving an 11-year sentence after being convicted of defrauding investors in her blood testing startup. Sam Bankman Fried, founder of cryptocurrency exchange FTX and cryptocurrency trading company Alameda Research, was found guilty in November on seven counts of fraud and money laundering.

The story is unfolding…

Source: techcrunch.com

Report: Apple Faces Potential Heavy Fines in App Store and Spotify Dispute

European Union regulators are expected to impose a ban on the App Store rules affecting some music streaming services and potentially levy heavy fines on Apple, according to a report by Bloomberg News published on Wednesday.

Based on the report, EU authorities are in the process of finalizing a decision that would prevent Apple from blocking music services that redirect users from the App Store to alternative subscription options, citing sources familiar with the investigation.

An article by Bloomberg suggests that Apple could face fines of up to 10% of its annual revenue. Reuters
Spotify alleged that it had to raise monthly subscription prices to offset costs associated with Apple’s App Store regulations. AFP (via Getty Images)

The decision is expected to be announced early next year, with potential fines for Apple amounting to up to 10% of its annual revenue, as reported by Bloomberg.

The investigation was triggered by a complaint from Sweden’s Spotify Technology four years ago, claiming that it was compelled to raise monthly subscription prices due to costs related to Apple’s App Store rules.

Earlier this year, the European Commission filed a complaint against Apple, deeming the conditions to be unnecessary and potentially resulting in increased costs for customers.

The European Commission expressed that the App Store conditions were unnecessary and could lead to higher costs for customers. alamy stock photo

Apple did not respond to Reuters’ request for comment, and a spokesperson for the European Commission declined to comment on the matter.

Apple’s stock saw a slight increase in afternoon trading.

Source: nypost.com

GM’s autonomous taxi division, Cruise, cuts 900 jobs as it faces challenges.

General Motors’ cruise self-driving car unit is restructuring and cutting costs after several safety incidents in San Francisco, resulting in over 900 layoffs, or about a quarter of its workforce. The subsidiary announced the layoffs in a letter from president and chief technology officer Mo El-Shenawy to Cruise’s 3,800 employees, stating that the layoffs were not the fault of the employees.

The layoffs come after Cruise acknowledged that nine key leaders are no longer with the company as an investigation into an October accident involving one of the company’s driverless robotaxis continues. “We are first simplifying and focusing our efforts to provide great service in one city,” El-Shenawy wrote in the letter. The measures follow an analysis of the October crash and response after a Cruise robotaxi struck and injured a pedestrian.

California regulators allege that Cruise concealed the severity of the October accident, and robotaxi services are also being investigated by US auto safety regulators. The employment measures include additional pay and benefits for laid-off employees.

“Today is one of the most difficult days yet as so many talented people are retiring,” El-Shenawy wrote. Cruise has faced significant turmoil in recent months, and General Motors is absorbing huge losses while developing a driverless service. GM plans to slow spending at Cruise, which it acquired eight years ago. For the first nine months of this year, Cruise posted a pretax loss of $1.9 billion.

Source: nypost.com

Getaround’s Third Quarter Results Encourage Investors, but the Company Still Faces Challenges

peer-to-peer car sharing company Moving filed its first earnings report since going public a year ago Via SPAC combination. The company’s third-quarter earnings report details that while revenue is growing rapidly, it still doesn’t generate enough sales to cover expenses.

Getaround reported gross bookings of $69 million in the third quarter, resulting in revenue of $23.8 million in the period, up from $16.7 million in the year-ago period. In the first nine months of 2023, Getaround’s revenue reached his $54 million.

But while Getaround’s reported 42% year-over-year revenue growth in the third quarter has been well-received by investors, who have sent the stock up 75% in after-hours trading at the time of writing, the company is not. Still out of the forest.

Getaround’s operating expenses in the third quarter were worth $42.9 million, compared to the equivalent of $128 million for the first three quarters of this year, both numbers significantly higher than its gross profit for both periods. Still, Getaround has made some progress on the profitability front. In the third quarter, the company had a net GAAP loss of $27.3 million, an improvement of 16% from the third quarter of 2022 report. Using a more generous profit calculation, Get Around remained unprofitable in the latest quarter, with his adjusted EBITDA reported at -$11.3 million. Over the three-month period, it improved by 43% year-over-year.

Getaround is targeting gross bookings in the range of $200 million to $205 million for the full year of 2023. The company did not disclose revenue targets for this year, but third-quarter revenue reflects an annual run rate of more than $95 million. Getaround expects its 2023 adjusted EBITDA loss to be in the range of $68 million to $70 million.

Getaround ended the third quarter with $22.1 million in cash and cash equivalents. This number is a significant departure from the $64.3 million reported in cash and equivalents at the end of the third quarter of 2022. The company got some good news in the form of a $3 million infusion from Madrick Capital. Madrick Capital has an existing $15 million note with the company, which was expanded to provide a little more headroom for the getaround.

Getaround stock closed regular trading at about $0.17 on Thursday, ahead of the release of third-quarter data.

Rebuilding

Getaround is working to clean up its cost base, including reducing the company’s workforce. 10% of staff In February, the company announced that it would cut costs by $25 million to $30 million a year to achieve sustainability. The layoffs came a day after Getaround was declared a state of emergency. Delisting Notice from the New York Stock Exchange This is because the stock price was trading too low.

Now that the stock price has risen significantly following the earnings report, GetAround is still worth less than $1 per share, meaning it is still at risk of being delisted.Several SPAC combinations were executed reverse stock split This is probably why earnings per share have remained in the 100 yen range.

Getaround has also received other delisting notices for failing to timely file annual and quarterly reports. The company has not filed its 2022 annual report and just filed its third quarter earnings report. Getaround has not yet filed its first and second quarter results. The company says it will need more time to complete the audit and has now completed it.

Getaround CEO Sam Zaid told TechCrunch: Mr. Zaid would not comment on whether GetAround would seek a reverse stock split to boost its stock price.

car sharing companies too Acquires assets of startup HyreCar This will increase Getaround’s operating costs in the short term. Getaround hopes the scale provided by the acquisition will help accelerate its path to profitability.

This article has been updated with information from Getaround’s CEO.

Source: techcrunch.com

Baldur’s Gate 3 wins top award at The Game Awards 2023, but show faces criticism for short speech and dismissal

RPG game Baldur’s Gate 3 has been honored as Game of the Year at the largest awards ceremony in the industry. This game, which was released earlier this year for PC, PlayStation 5, and Xbox, surprised reviewers with its expansive world and story that allows players to influence the game through their choices. Inspired by the classic Dungeons and Dragons tabletop game, it is one of the most acclaimed titles of the year, beating out other popular games like Alan Wake 2, The Legend of Zelda: Tears of the Kingdom, Marvel’s Spider-Man 2, Resident Evil 4, and Super Mario Bros.

Belgian developer Larian won six awards at the event, including Best Multiplayer and Role-Playing Game, for Baldur’s Gate 3. Alan Wake 2, created by Finnish studio Remedy, won Best Narrative, Best Game Direction, and Best Art Direction. Other winners included Nintendo’s latest Zelda and Mario titles, Xbox’s Forza Horizon racing series, and the long-running Final Fantasy series. However, Spider-Man 2, one of the most nominated games, did not receive any awards.

The Game Awards are known for showcasing trailers and advertisements for new games, and this year was no different. It included a collaboration between game creator Hideo Kojima and Hollywood director Jordan Peele, as well as the announcement that Matthew McConaughey will play the lead role in the upcoming sci-fi action game “Exodus.” Additionally, a new Jurassic Park game, Survival, was announced, and trailers for new releases from popular game series like Prince of Persia and Monster Hunter were shown.

While the awards show attracted over 103 million viewers last year, the host, Geoff Keighley, was criticized for spending too much time on trailers during this year’s event and failing to acknowledge industry layoffs. Some awards were announced without the winners being invited on stage, and the winners had little time to give their acceptance speeches.

The complete list of game winners included Baldur’s Gate 3 for Game of the Year, Alan Wake 2 for Best Game Direction, Best Narrative, and Best Art Direction, and several other games in various categories such as Best Multiplayer, Best Family Game, Best RPG, and Most Anticipated Game.

Source: news.sky.com

AviaGames, maker of casino app, faces allegations of using bots to compete against players

AviaGames, the Silicon Valley-based developer of popular casino apps such as Bingo Tour and Solitaire Clash, is facing a class action lawsuit alleging users were tricked into playing against bots instead of similarly skilled human players. was woken up.

“Avia users collectively wagered hundreds of millions of dollars to compete in what Avia claims is a game of ‘skill’ against other human users,” according to a lawsuit filed Friday in the Northern District of California. .

“But as it turns out, the entire premise of Avia’s platform is wrong. Rather than competing with real humans, Avia’s computers are not competing with real humans, but rather with computer “bots” that can influence and control the outcome of games. Input and/or control the game. ” the lawsuit alleged.

The stakes are high because Avia’s products are among the most popular apps on Apple’s App Store and Android’s Google Play Store, according to the complaint.

At the time of Friday’s filing, Avia’s Solitaire Crash, Bingo Crush, and Bingo Tour were the second, fourth, and seventh-ranked apps in the casino category, according to the complaint.

“Avia’s games are games of chance and constitute an unauthorized gambling operation,” the complaint alleges.

The lawsuit, which seeks class action status, was filed by Andrew Pandolfi of Texas, who estimates he has lost thousands of dollars on Avia games. And Mandy Shawcroft of Idaho says she has lost hundreds of people.

This includes all other affected players who participate in the game using the Pocket7Games app, which can be used to access multiple casino games.

AviaGames is a privately held company based in Mountain View, California, which recently raised cash from investors in 2021 in a deal that valued the company at $620 million.

According to Sensor Tower, it has 3.5 million monthly active users.

Judge Beth Rabson Freeman said there appeared to be evidence to suggest Pocket7 was using bots.
Pocket7Games

AviaGames did not respond to calls regarding the class action lawsuit.

The player’s lawsuit follows a patent and copyright infringement lawsuit filed by Avia rival Skillz Games against AviaGames in 2021, which is still pending in court after the alleged use of bots came to light. be.

Skillz says that because AviaGames is actually a bot, it can quickly match players for its games and take market share away from Skillz, which allows customers to wait up to 15 minutes for an opposing human player. claims.

Skillz’s lawsuit against AviaGames took a turn in late May when, during discovery, AviaGames turned over nearly 20,000 documents covering internal communications in Chinese, according to court filings. Skillz translated them and allegedly found evidence that AviaGames was using bots.

AviaGames founder and CEO Vickie Chen said in an affidavit that Pocket7 does not use bots in its games.
linkedin

Skillz is seeking communications between AviaGames and its lawyers regarding the bot, and according to court filings, Judge Freeman last week set standards for viewing some of the communications that Skillz was required to turn over to AviaGames by Friday. The court ruled that the requirements were met.

Andrew Labott Bluestone, a New York City medical malpractice attorney who is not involved in the AviaGames case, said the law gives plaintiffs the right to give judges access to lawyer-client communications. He said it was rare.

“judge [who reviews the privileged information first] You must find out why a crime or fraud may have been committed. ”

If a defendant is asking how to protect themselves from charges of crime or fraud, it’s about protecting attorney-client communications. However, a judge can unseal it if the judge determines that the conversation involves fraud or facilitation of a crime that has not yet taken place.

“You need to understand that the defendant was seeking advice on how to avoid getting caught.”

If a Pocket7 player is playing a bot, they may not have a real chance of winning.
Pocket7Games

Asked last month about allegations that the company’s app uses bots, an AviaGames spokesperson responded in writing.

“The allegations against AviaGames are baseless and we are committed to supporting our diverse, growing, and very satisfied community of gamers and addressing these false claims at the appropriate time and place in the legal process. We are confident that we will prevail in this case.”

“While we are unable to comment on the details of ongoing litigation at this time, the charges brought are baseless and AviaGames looks forward to refuting these unjust and baseless accusations in court.”

AviaGames raised funding in August 2021 at a valuation of $620 million.
Pocket7Games

“AviaGames stands behind its IP, unique game technology, game design, and management team integrity. Avia provides an accessible, reliable, and high-quality mobile gaming experience for all players. We are the only skill-based game publisher that offers a seamless, all-in-one platform for

Some players have long suspected that the game is rigged. There is a Pocket7Games/AviaGames = Scam Facebook group.

“Because Pocket7Games is blocking people who are speaking honestly about their fraudulent practices, we felt it necessary to create a group to hold them accountable for their actions and warn others.” said group organizer Caitlin Cohen on Facebook.

“It’s completely cheating. After you are cheated the first time and win, you are placed in a win or lose slot after you get your score. They pick who wins in the group matches and the one-on-one games. ” Gretchen Woods said on Quora in March. “Sometimes you see common players that you’re matching up with. That’s a sign that they’re manipulating the outcome.”

Source: nypost.com

Elon Musk faces backlash for endorsing anti-Semitic conspiracy theory as “actual truth”

Elon Musk has encouraged extremists and white supremacists throughout his year-long tenure as owner of Company X (formerly known as Twitter), but this week he continues to push back on the behavior that mainstream users — and advertisers — tolerate. succeeded in pushing the limits of

Musk on Wednesday endorsed a post by user X that accused the Jewish community of spreading “dialectical hatred against white people.” The statement itself was a response to another X post that shared a PSA video from a foundation fighting anti-Semitism, along with criticism of an anonymous user who posted online that “Hitler was right.”

“I believe that Western Jews, a large minority, [they supported] People who flood their countries don’t like themselves very much,” user X replied. “You want the truth told to your face, and there it is.”

Musk replied, “You told the truth.”

A post that went out of its way to praise Mr. Musk also caused the same thing. white supremacist conspiracy theory Endorsed by Tree of Life synagogue shooter Robert Bowers. Minutes before the shooting, Bowers posted on the far-right social media site Gab that HIAS, a Jewish-American nonprofit that helps refugees, “likes to bring in invaders who will kill our people. ” he posted. “I cannot stand by and watch my fellow citizens being slaughtered,” Bowers wrote shortly before 11 people were murdered at a Pittsburgh synagogue.

The X owner and CTO’s comments have drawn increasingly widespread condemnation. On Friday, White House deputy press secretary Andrew Bates said: answered Musk’s recent support for white supremacy in his platform.

Citing the Tree of Life tragedy and the deadly Oct. 7 Hamas attack in Israel, Bates said, “This abhorrent act of fomenting anti-Semitism and racist hatred is the most “I condemn this in the strongest terms. This goes against our core values ​​as Americans.” It is a responsibility to unite people against hate and to speak out against those who attack the dignity of our fellow Americans and undermine the safety of our communities. ”

The fallout from Musk’s endorsement of anti-Semitic and racist conspiracies was further compounded Friday afternoon. Apple announces “temporary suspension” All company ads on X.

The tweet, which Musk called “actual truth,” also resonated with broader opinion. great replacement Conspiracy theory. A theory popularized by white supremacists to instill fear that non-whites will usurp the majority of the white population in countries like the United States.

The owner of X has been involved with anti-Semites before. Musk previously welcomed Kanye West to X after the singer was banned from posting on Instagram after he used anti-Semitic tropes. Less than a day later, West infamously tweeted, “I’m going to die.” [sic] con 3 About the Jews,” he then posted a Star of David fused with a swastika. X suspended West’s account in December, but reinstated it over the summer.

A year ago, Musk reinstated a number of accounts previously suspended for spreading hate, including Andrew Anglin, the notorious neo-Nazi who started the white supremacist website Daily Stormer. After his return, Mr. Anglin delved into Twitter’s new rules in a reply to Mr. Musk. “You got a 12-hour suspension for tweeting a Star of David with a swastika on it…whatever the rules are, people will follow them. We need to know what the rules are. It just is.”

Musk has made a habit of engaging with self-proclaimed white supremacists and other hate activists. In September, Musk liked someone’s tweet. Self-proclaimed “violent anti-Semite” Musk is the one who started the campaign to ban the Anti-Defamation League from X, accusing the Jewish civil rights group ADL of being “the biggest generator of anti-Semitism on this platform.” , threatened to sue the group over lost advertising revenue due to criticism of the rise in hate speech against X under his leadership;

Facebook co-founder Dustin Moskowitz sarcastically said: Explanation Regarding the situation with Threads, a competitor of Meta’s X. “Xitter CEO Linda Yaccarino is making the biggest decision yet as she decides whether to fire her anti-Semitic CTO or risk losing even more advertisers. We are facing challenges,” Moskowitz wrote. “How will she deal with this difficult but morally clear situation?”

Source: techcrunch.com