Monthly Archives: May 2022

Elon Musk gave a glimpse of his plans for Twitter while walking the red carpet at the Met Gala in New York City on Monday night revealing his ambition for the divisive social-media platform to be as inclusive as possible.

Right now, its sort of niche. I want a much bigger percentage of the country to be on it, engaging in dialogue, a tuxedo-clad Musk told reporters at the event, according to Reuters.

In an interview with Vogue, Musk added that he wanted to make Twitter as inclusive as possible and to have as broad a swath of the country and the rest of the world on Twitter and that they find it interesting and entertaining and funny and it makes their life better.

Meanwhile, Musk downplayed concerns about an employee exodus on the red carpet, telling reporting its a free country and they were free to seek other opportunities as they wished.

Certainly if anyone doesnt feel comfortable with that, they will on their own accord go somewhere else. Thats fine, Musk said.

Musk attended the swanky event alongside his mother, model Maye Musk, in what was one of his first public appearances since Twitters board accepted his offer to buy the company for $44 billion.

The tech entrepreneurs deal to buy Twitter for $54.20 per share is expected to close later this year. Both sides have agreed to a $1 billion breakup fee under certain conditions if the deal falls apart.

Musks remarks at the Met Gala echoed previous statements about his plan to make Twitter maximum fun for its user base. The billionaire is known for making irreverent use of his own account, posting memes and cartoons as often as he does serious information about his business dealings.

But Musks brash commentary on the platform has also upset many Twitter employees and critics who say his willingness to publicly criticize others and plan to dial down the companys content moderation policy will lead to more abusive content.

Last week, Musk drew scrutiny after he tweeted criticism of current Twitter executives, including the social media firms top legal office and chief censor. Employees have also expressed concern about the possibility that Musk will look to slash jobs once his takeover is complete.

A tired looking Twitter CEO Parag Agrawal acknowledged likely changes to the company culture during an all-hands meeting last week and admitted that he has some regrets about how the process has unfolded.

There are things I disagree with fundamentally, Agrawal said, without providing specifics.

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Elon Musk talks Twitter at Met Gala, wants it to be 'as inclusive as possible' - New York Post

ElonMuskmay be behind a nearly $1 million payment to helpAmber Heardcomplete a hefty pledge following her divorce fromJohnny Depp.

As detailed in Depp and Heards ongoing Virginia libel case, the Aquaman star said in August 2016 that she would donate her $7 million divorce settlement to charity by splitting it evenly between the American Civil Liberties Union (ACLU) and Childrens Hospital Los Angeles.

But Depps attorneys have been trying to show that Heard has not followed through on her vow.

A video deposition from the ACLUs general counsel, Terence Dougherty, was played in court late last week, in which he said that the organization has so far received $1.3 million from the actress.

However, most of it did not even come directly from Heard. The court heard that the Drive Angry star, 36, paid $100,000 in August 2016, and then Depp, 58, made another payment of $100,000 in his ex-wifes name later that same month.

It is believed that a foundation said to be controlled byMusk a Vanguard donor-advised fund (DAF) anonymously donated $500,000 to the ACLU in Heards name in June 2107.

Then, in December 2018, a Fidelity DAF anonymously contributed $350,000 on the Pineapple Express stars behalf.

The last donation is not confirmed to be fromMusk the worlds richest man, who recently bought Twitter for $44 billion but he is the only known person to have anonymously donated on Heards behalf.

Musk, 50,has become a huge point of contention amid the exes legal battle, as Depp previously accused Heard of cheating on him with the tech mogul during their marriage.

Page Six exclusively revealed in the summer of 2016 that Heard and Musk were spotted spending time together at the Delano hotel in Miami.

Theydated until August 2017, and he later told Rolling Stone, I was really in love, and it hurt bad. Well, she broke up with me more than I broke up with her, adding he was in severe emotional pain following the split.

Heard and Musk reconciled their relationship early the following year but broke up again a few months later.

Reps for Depp didnt comment, and spokespeople for Heard andMuskdidnt get back to us.

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Elon Musk may be behind nearly $1M in donations in Amber Heard's name - Page Six

Im going to attempt the impossible and use his name only once in this piece, but as you may have heard, Elon Musk is in the process of buying Twitter. Musk is (fuck, sorry), among other things, not a very good person, and I dont look forward to his reign at the website where I spend a significant amount of time any more than you do. But first I need the people who make up Twitters loudest contingent to admit something: that they do not hate Twitter, it is not a hell site or a garbage fire, and that, in fact, they want to kiss Twitter on the mouth.

Right now, a lot of important people are talking about how much Twitter sucks, how it has always sucked, and how it will suck even worse when its new owner succeeds at doing whatever he wants with it, which as we all know is going to be cloaked in some kind of moral crusade for free speech and will end up incentivizing the worst people in the world to be even more brazenly terrible. As Katie Notopoulos points out in her correct piece on why Twitter users actually deserve an evil overlord, there are good reasons to hate the platform: coordinated harassment campaigns, trolls, bots, doxxing, threats, the official Dennys brand account, and perhaps worst of all, people who use a random tweet as a springboard to talk about their unrelated personal grievances.

Set all of those things aside for a moment, though, and think about who Twitter is really for, who spends the most time there, and what its main purpose is. Twitter is a platform of words, meaning that one of its most vocal demographics is writers. And writers are annoying.

It is extremely funny, for instance, that on basically every other social media platform, the most ardent users proudly call themselves creators, a term that evokes art and inventiveness and excitement. Some of them are even able to make money there, like real, life-altering money!

Writers, on the other hand, aside from not making money on Twitter, are also for the most part deeply ashamed of their use of it, referring to the platform regularly in exactly the same tone I am doing now, as a smelly, fetid swamp full of decomposing yet self-righteous bog people. Sure, some people are making money on Twitter, via tips or Super Follows or the many sex workers who have built livings off of its comparatively lax content restrictions. But the real capital is found in the zillions of mostly meaningless interactions on Twitter, which carry oversized weight in the minds of people involved in them. Which, of course, makes them even more fun to pay attention to.

Why else would the media be so obsessed with talking about and spending time on a platform that by most accounts is irrelevant to the vast majority of Americans? Its because the media is full of writers, all of whom are obsessed with how they stack up against their friends and nemeses, and Twitter is the easiest way to keep score. Writers often joke that they hope to one day be so successful as to never have to log onto Twitter again, and some lucky few have certainly achieved that dream. They say theyre only there out of obligation or the sense that theyll become irrelevant should they ever log off. But you can be at the top of your field, regarded as an expert, a visionary, a Correct Opinion Haver, making hundreds of thousands, if not millions if not billions! of dollars, and you still will be poisoned by the part of the human condition that craves tiny spurts of attention and immediate rewards for the least possible effort. You can pontificate that Twitter is rotting our brains and you might be correct, but when has the knowledge that something is bad for us ever prevented human beings from doing it anyway?

There is something sanctimonious and condescending about a big writer guy tweeting about how bad the platform is when they have gained so much influence and power from using it; it is not dissimilar from the rash of regreditorials from men who got really, really rich building tech companies and then realized that Facebook and Google are actually pretty bad for everyone but themselves.

Here is where I will bravely admit that I sometimes enjoy being on Twitter. Ive made actual friends there, and I owe probably a decent chunk of my career to having a little bit of a Twitter following. Its not always good; I dont love the anxious feeling I get when Im scrolling simply because it is something to do that is not the thing I should be doing, but that is less Twitters fault than my own inability to manage my time. I dont like when people are being mean or scoldy in a way that goes beyond merely annoying and into these feelings should maybe be dealt with in private. And I dont like that Twitter makes people feel as though if theyre not saying the loudest, most extreme version of the thing they are trying to say, then theyre not saying anything at all.

Maybe youre not on Twitter and this sounds incredibly dramatic. Even so, if you have used the internet at all you have participated in and benefited from the platforms influence, either the actually important parts (many a grassroots social movement, for one) or the still-pretty-important parts (iconic shitposts, inventive joke formats). Without Twitter, we wouldnt have Black Twitter or Weird Twitter or all the other forms of delightful internet-born humor that have made their way into mainstream culture. Like all social platforms, Twitter is a double-edged sword: By shoving millions of people into a single virtual room, the mechanisms by which progressive change can flourish work just as well for the movements opposing it. I will spare you the lecture on echo chambers and extremist rabbit holes because Id argue that what these common critiques often miss is that the problem of Twitter is less that its an ad-supported, algorithmic feed and more that its simply too big for any one company to manage. The same is even more true for Facebook, Instagram, TikTok, YouTube, Google, Apple, and most of the platforms that are now so integral to American life that losing or breaking up one of them is almost unfathomable.

Perhaps its new leader will make the site so unpleasant as to be unusable for normal people. That would be a really, really weird thing to witness. Consider the lost clout! Consider the meltdowns! But I think it would take a great deal of mismanagement for that to happen. After all, how could anyone think that creating a message board made up of more than 200 million writers too ugly to be of much interest on Instagram or too sexy for its puritanical content restrictions would yield results that were anything less than what Twitter is: chaotic, fun, evil, disgusting, delightfully sinister, a billion other things. How could it have been any different? And how could we ever look away?

This column was first published in The Goods newsletter. Sign up here so you dont miss the next one, plus get newsletter exclusives.

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Just admit that you love Twitter even if Elon Musk is buying it - Vox.com

Elon Musk has insisted that his companies are "good for the future of humanity."

The 50-year-old business magnate - who is the CEO of Tesla and SpaceX and recently paid $44 billion to take over social network Twitter - claimed that he does "a lot of things philanthropically" and claimed that his companies "accelerate" sustainability.

He said: "I do do a lot of things philanthropically. Really, my companies are intended to do good for the future of humanity,. With Tesla trying to accelerate the advances in sustainable transport and energy and SpaceX is um providing internet to the lesser [served] people of the world."

The entrepreneur - who is ranked as the richest man in the world with an estimated net worth of almost $265 billion - added that he is able to help war-torn country Ukraine and that his business ventures will ultimately help the "future of civilisation."

Speaking on the red carpet at the 2022 Met Gala on Monday (02.05.22), he told Entertainment Tonight: "We are able to help Ukraine with the Starlink terminals and give connectivity, particularly in some of the hardest hit areas. So, aspirationally, I am trying to do good for humanity and the future of civilisation."(sic)

The billionaire - who split from pop singer Grimes in September 2021 - took his mother and former model Maye to the glamorous event, who joked that although she told him not to "take on the universe", he "never listens" to her.

She said: "I told him not to take on the world and the universe and he didn't listen. He doesn't listen to his mom!"

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Elon Musk: My companies are good for the future of humanity - Inside NoVA

Which super-wealthy person comes to mind when you think of wise investing advice? I suspect that the top answer would be Warren Buffett. But there's another rich businessman who's dispensing some investing wisdom these days as well.

Elon Musk currently ranks as the wealthiest person in the world, with a net worth estimated at $246 billion. He's known more as an entrepreneur and maverick than he is as an investor. However, Musk just provided some great investing advice that you and I should absolutely follow.

Image source: Getty Images.

Musk is a prolific user of Twitter (TWTR -0.55%). Over the past weekend, though, he only tweeted once. But it was a tweet that every investor should read -- and heed.

We could sum up Musk's advice as three principles and a promise:

The first principle has a couple of important components. Note that Musk recommended buying "stock in several companies." Although he didn't specify how many stocks to buy, diversifying your investments across multiple stocks is a good idea.

The multibillionaire also provided his thoughts on what kinds of stocks to buy. He advised to invest in companies that make products and services that you believe in -- with an emphasis on the word "you."

Musk has practiced what he preaches on this front. Most of his net worth is in Tesla (TSLA 0.70%). Even his detractors probably would agree that Musk appears to truly believe in Tesla's electric vehicles and solar panels. Musk seems to be fully on board with Tesla's stated corporate mission "to accelerate the world's transition to sustainable energy."

His plan to acquire Twitter also fits. Although Musk has criticized some of Twitter's policies in the past, his public comments indicate that he values the potential of the platform.

Other Musk investments line up with this philosophy as well, including privately held SpaceX and The Boring Company.

Musk advised to only sell stocks when the products and services of the companies that you invest in "are trending worse." My interpretation of this is that he thinks the time to sell stocks is when your original premise for buying the stocks changes. In other words, if the point comes where you no longer believe in a company's products and services, sell the stock.

The third principle that Musk gave dovetails with his second principle. He urged that investors not panic when the market does. That's excellent advice.

Just look back to early 2020. Some investors did panic then when the stock market plunged. However, those who didn't do so went on to reap huge gains.

Granted, the stock market doesn't rebound so quickly after every major sell-off. But history shows that it does always come back.

Musk closed his tweet with a promise that following the principles he laid out "will serve you well in the long term." I think he's exactly right. And his specific mention of "the long term" is important. The best way to succeed with investing in stocks is to have a long-term mindset.

Musk is in good company with his investing advice. I'd even say that he's in great company.

Legendary investor Peter Lynch popularized the idea of "buying what you know." Warren Buffett has always focused on investing in businesses that he understands. Both views are similar to Musk's take to buy stocks of companies that make products and services you believe in.

Musk's advice lines up even better with the view of David Gardner, co-founder of The Motley Fool. Gardner's pinned tweet on Twitter since early 2021 states, "Make your portfolio reflect your best vision of our future."The advice to only sell when your underlying premise changes and to ignore market moves also match up with The Motley Fool's investing philosophy.

So does Musk's promise that following his principles will pay off over the long term. It's understandable for investors to be afraid and worried when stocks sink. But if you still believe in the company's long-term business prospects, stay the course.

Musk sometimes talks about the days several years ago when Tesla almost went bankrupt. He stuck to his guns then because he continued to believe in the company. If he hadn't, it's unlikely that he'd be the richest person in the world right now.

You probably won't agree with everything that Elon Musk says. I don't. However, I think that his latest investing advice is spot on. And -- as he tweeted -- following it "will serve you well in the long term."

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Elon Musk Just Gave Great Investing Advice You Should Absolutely Follow - The Motley Fool

As Elon Musks crusade against Twitter Inc. escalated from a war of words to a full-on takeover, he was egged on behind the scenes by a mix of voicesfrom fellow billionaires to internet trollswith their own beefs with the social-media platform.

In Mr. Musk, a serial entrepreneur with a hard Twitter habit, these men found a vessel for pent-up animosity over the companys content moderation and management. One of them had a very personal stake: Twitters co-founder and former Chief Executive Jack Dorsey, who resigned last year under pressure from his board, was whispering in Mr. Musks ear that Twitter should be a private company, people familiar with the matter say.

Now that Twitters board has accepted Mr. Musks $44 billion buyout offer, the Tesla Inc. CEO and worlds richest person is positioned to act on years of grievance and mold the platform in his own maverick image.

Mr. Musk declined to be interviewed, and it isnt clear whether he took any of their advice to heart or merely followed his own gut. Likewise, he has been cagey about his plans for the platform should he complete the deal, beyond his oft-stated feelings that speech on Twitterwhich he has said he views as the town square of the digital ageshould be unfettered so long as it doesnt violate the law.

People who have spoken to him and his team recently say Mr. Musk remains dismayed that former President Donald Trump is still barred from the platform.

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If Mr. Musk, as he has signaled, moves toward a true Twitter free-for-all, it could unleash other even more schismatic personalities. The right-wing provocateur Charles C. Johnson, banned in 2015 for tweets asking for fundraising for taking out a prominent Black Lives Matter activist, has already seized on the chance for clemency.

When Mr. Johnson saw Mr. Musks offer to buy the company, he texted Mr. Musks point man on the deal, Jared Birchall, head of the billionaires personal investment office.

When do I get my Twitter account back? Mr. Johnson asked.

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Hopefully soon, Mr. Birchall responded.

In an interview, Mr. Johnson said that, while he does want to regain his account, he doesnt plan to return to regular tweeting, noting: Im over Twitter.

Before and during Mr. Musks breakneck takeover of Twitter, a close-knit group of libertarian-leaning activists and businessmen have been encouraging him to get involved. This group includes the so-called PayPal mafiaformer executives at the online payments company who include Mr. Musk, the investor Peter Thiel and entrepreneur David Sacksas well as ancillary figures like the venture capitalist Steve Jurvetson, an early Tesla investor who once served on the auto makers board; and Mr. Musks brother, Kimbal, a Tesla board member, according to people familiar with the matter.

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Their involvementand Mr. Musks continued willingness to hear them outmay help explain one of the great mysteries of his Twitter obsession: With all the problems in the world, why has Mr. Musk decided he alone can fix it?

Mr. Musks dalliance with Twitter began uneventfully enough. His first tweet, in June 2010, announced his presence on the platform. The second came about 18 months later: Went to Iceland on Sat to ride bumper cars on ice! Just 30 people replied.

By 2015, tweeting had become a near-daily habit for Mr. Musk. He often posted in the middle of the workday during a period in which Tesla was struggling to make its first electric SUVs. He sometimes replied to major public figures, like Amazon.com Inc. founder Jeff Bezos and the D.J. deadmau5, but otherwise stuck mostly to updates on Teslas vehicles and rocket launches at his Space Exploration Technologies Corp., or SpaceX.

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His tweeting soon rose rapidly. He began regularly interacting with fans and detractors and tweeted more than six times a day on average in 2018. Your math isnt very good, he wrote to one journalist who was critical of Tesla. Asked by another why he was spending so much time tweeting, he wrote: Because Twitter is fun.

His interest in the platform grew even as it helped land him in legal trouble. Memorable tweets included ones suggesting a British cave explorer was a pedophile and another saying he was considering taking Tesla private and had funding secured to do so. He successfully fended off a lawsuit on the former, after arguing his taunt wasnt meant to be taken literally, and paid $20 million to securities regulators in a settlement related to the latter.

To a public-relations consultant who urged him to keep a lower profile on the platform, Mr. Musk in 2018 wrote in an email subsequently made public in litigation, Will tweet as I wish and suffer the consequencesso it goes.

His tweeting has only increased since that settlement, according to a Wall Street Journal analysis.

It wasnt long after, friends and associates say, that Mr. Musks agita with the platform began to grow. He was tweeting an average of nine times a day in 2020 when former Twitter executives say they became aware of his budding friendship with then-CEO Mr. Dorsey.

While Mr. Dorsey was on stage at a Twitter all-hands event in Houston in early 2020, he called Mr. Musk on FaceTime. Mr. Dorsey plugged his iPad into the stages jumbo screen, and employees cheered as Mr. Musks face lighted up the room.

Mr. Dorsey asked Mr. Musk to choose a single tweet to represent himself.

I put the art in fart, replied Mr. Musk, then 48 years old.

The two billionaires occasionally replied to each other on Twitter, and often traded private messages. One former Twitter executive said Mr. Dorsey would sometimes appear to space out in meetings because he was messaging Mr. Musk during the workday.

The two mens shared interests, the former executives said, included exploring whether Twitter could be run more effectively as a private company, as it had been for its first seven years, after Mr. Dorsey launched it with several co-founders. Messrs. Dorsey and Musk were focused primarily on Twitters role as a potential public good, rather than a business focused on short-term profits.

After his exit, Mr. Dorsey turned openly critical of the company and its board of directors, many of whom he put in their roles.

The storming of the U.S. Capitol Jan. 6 last year created a fissure between Mr. Musks views and the companys. In the lead-up to the riot, Mr. Trump posted tweets that Twitter executives viewed as inciting violence. Mr. Dorsey initially opposed banning Mr. Trump from the platform, but grew to see the move as necessary under Twitters rules, people familiar with the decision said.

The move riled Mr. Musk, who had previously described himself as half Democrat half Republican and endorsed Andrew Yang for the Democratic nomination in 2020.

Mr. BirchallMr. Musks de facto No. 2in a text message to an associate described his bosss view as: He vehemently disagrees with censoring. Especially for a sitting president. Insane. Mr. Trump has said he has no plans to tweet again.

Despite their disagreement over how to handle Mr. Trumps account, the friendship between Messrs. Musk and Dorsey persisted. They stayed in contact over the past year as Mr. Dorsey, who typically keeps a long beard and a nose ring, started spending much of his time in French Polynesia, Hawaii and Costa Rica, where he pursued a meditation practice, according to people close to him.

Elon is the singular solution I trust, Mr. Dorsey tweeted on April 25, the day Twitter accepted Mr. Musks bid. I trust his mission to extend the light of consciousness.

If Mr. Musk makes good on his bid, Mr. Dorsey, who didnt respond to requests for comment, stands to walk away with nearly $1 billion for his Twitter stake.

This January, as Twitters stock languished near two-year lows, Mr. Musk began buying up shares, according to filings. Though his stake would remain a secret for more than two months, his interest in the platform was palpable to some around him.

One investor in Mr. Musks companies who spoke to him during the buildup said the Tesla CEO was agitated by what he viewed as Twitters pattern of plausible deniabilityof blaming content moderation decisions on an algorithm. That argument, broadly shared by those on the political right, posits that Twitter favors certain tweets and buries others further down on user feeds.

Twitter has said its platform is designed to surface high-quality information.

In March, Mr. Musk placed a call to Seth Dillon, the CEO of the Babylon Bee. The Bee, a right-leaning satirical publication modeled after The Onion, had been suspended from Twitter for a tweet that mocked a prominent transgender female government official as Man of the Year. During the call, according to Mr. Dillon, Mr. Musk asked to confirm that it was true that the website had been suspended for the infraction, and mused that he might need to buy Twitter.

His stake was already public by April 13, the day before Mr. Musk was slated to sit for an interview with TED leader Chris Anderson at the TED conference in Vancouver. After flying into the city, Mr. Musk headed to a Nordstrom store to pick up a suit, according to a person familiar with the matter. That evening, he gathered with a small group, including Mr. Anderson and Mr. Jurvetson, who parted ways with his namesake venture-capital firm in 2017 after the firm launched an internal investigation about his behavior toward women, among other matters. He later left the Tesla board, but continues as a director of privately held SpaceX.

Over dinner in a private dining room at a local restaurant, Mr. Musk didnt show much interest in talking about Twitter, one attendee said. Instead, he asked those at the table to share their theories about the meaning of life.

The next day, Mr. Musk disclosed that he was seeking to take over Twitter.

Since then, further requests have publicly rolled Mr. Musks way, including from the halls of Congress. Sen. Josh Hawley, (R., Mo.), this week congratulated Mr. Musk on his catch and urged him to investigate the companys decisions to suspend users and to downrank stories about a laptop belonging to President Bidens son. Rep. Marjorie Taylor Greene, (R., Ga.), whose personal account was banned for repeating Covid-19 misinformation, said she would apply for reinstatement.

Mr. Musk is now engaged in a crusade about a reinstatement of a different sort. On Wednesday, he wrote, presumably in jest, that he would buy the Coca-Cola Co. in order to restore cocaine to its formula. On Thursday, he repeated the joke, tagging Cokes official account this time.

Inti Pacheco and Siobhan Hughes contributed to this article.

Write to Rob Copeland at rob.copeland@wsj.com, Georgia Wells at georgia.wells+1@wsj.com, Rebecca Elliott at rebecca.elliott@wsj.com and Liz Hoffman at liz.hoffman@wsj.com

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The Shadow Crew Who Encouraged Elon Musks Twitter Takeover - The Wall Street Journal

Twitter Inc(NYSE:TWTR) said that according to an internal review conducted by the company, false or spam accounts during the first quarter of 2022 represented fewer than 5% of its monetizable daily active users (mDAUs).

What Happened:The social media platform said in the Monday filing with the U.S.Securities and Exchange Commission(SEC) that it had made improvements in its spam detection capabilities, which has led to the suspension of a large number of spam, malicious automation, and fake accounts.

Twitter said it intends to continue making such improvements.

See Also:How To Buy Twitter (TWTR) Shares

Why It Matters:Twitter said it had 229 million mDAUs, which is ayear-over-year increase of 15.9%.

After we determine an account is spam, malicious automation, or fake, we stop counting it in our mDAU, or other related metrics, said Twitter on Monday.

Tesla Inc (NASDAQ:TSLA) CEOElon Muskis all set to take Twitterprivatein a $44 billion deal.

Last month, Musk tweeted that if the bid led by him succeeded, we will defeat the spam bots or die trying!

Recently, billionaireMark Cubansuggested usingDogecoin(CRYPTO:DOGE) totackle Twitter spam. Musk liked the idea of the Dallas Mavericks owner.

Price Action:On Monday, Twitter shares closed 0.3% higher at $49.18 in the regular session and rose 0.1% in extended trading. On the same day, Tesla shares closed 3.7% higher at $902.94 in regular trading and rose 0.45% in the after-hours session, according todata from Benzinga Pro.

Read Next:Elon Musk Reacts To WSJ Report That 'Shadow Crew' Of Billionaires Including Peter Thiel Pushed Him To Buy Twitter

2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Elon Musk Plans Crusade On Twitter Spam And Bots New Data Reveals The Size Of His Problem - Benzinga - Benzinga

Unlike most business magnates and celebrities, Elon Musk has been incessant with his tweets. On Monday afternoon, the worlds richest man replied to an engineering-related tweet that confused the internet.

A Twitter account World of Engineering, which goes by the Twitter handle @engineers_feed, shared picture of a chart that showed different types of values and simply captioned it Types of valves.

The innocuous tweet, whose target audience must have been engineering enthusiasts, suddenly went viral after Musk, who recently acquired Twitter for $44 billion, commented on it.

Replying to the tweet, Musk wrote, Sphincter valve? and soon his replay gathered over 20,000 tweets in less than four hours, while the tweet by World of Engineering got over 17,000 likes.

Verywell Health, a website that covers health and medical issues, says sphincter valves are circular muscles that open and close certain parts of the body. Sphincters in the digestive tract open to allow food, bile, or digestive enzymes to go from one part of the body to another.

The netizens were confused about why Musk mentioned a biological valve when the conversation was clearly about machine values used in engineering.

I feel like you @elonmusk bought tweeter to make these kind of inside jokes. Am I right? If yes its such a genius move , a Twitter user commented. While another person remarked, How many of you just googled sphincter valve coz Elon said it?.

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Elon Musk replied to a tweet related to valves, and the internet is confused - The Indian Express

In a recent U.S. Securities and Exchange Commission (SEC) filing, Tesla Inc. reiterated its pro-Bitcoin position stating that bitcoin has long-term potential and is a liquid alternative to cash.

The filing also confirmed that the electric car maker did not sell any of its bitcoin holdings since the quarter prior.

During the first quarter of 2021, Tesla invested an aggregate of $1.5 billion in bitcoin, per an SEC filing at the time. Within that filing, Tesla provided information explaining how the investment would provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.

Tesla also stated its intentions to accept bitcoin as a means of payment for goods and services in the future in the Q1 2021 filing. News of the investment spread across all forms of media and Elon Musk, the companys CEO, became more active in discussions involving bitcoin.

On April 26, 2021 the initial investment for means of liquidity was strengthened when Musk took to Twitter in order to defend Teslas choice to sell 10% of its bitcoin holdings during Q2 2021 stating:

Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet, he wrote.

The SEC filing referencing the aforementioned sale netted Tesla a gain of $128 million. However, in June 13, 2021 Musk capitulated to market environmental concerns as he stated bitcoin needed to use more clean energy, thereby removing the option to receive bitcoin as payment until there was verifiable information showing confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, he said.

On October 14, 2021 it was reported that Tesla was up over $1 billion on its initial investment into bitcoin. More recently, April 8, 2022 Tesla announced a partnership with BlockStream and Block, noting that Tesla energy equipment would be leveraged for a $12 million bitcoin mining facility.

In full circle, Tesla entered the bitcoin ecosystem with a massive $1.5 billion BTC buy, took action for the environment as it believed was necessary, held its BTC reserves, and returned to the ecosystem as a clean bitcoin mining participant.

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Bitcoin Is A Liquid Alternative To Cash Says Elon Musks Tesla - Bitcoin Magazine