Category Archives: Elon Musk

"Not great, but not terrible either."Heads Up!

SpaceX CEO Elon Musk revealed yesterday that some of the companys internet-beaming Starlink satellites had to swerve out of the way of space debris, which also forced NASA to abruptly call off a spacewalk on Tuesday.

We had to shift some Starlink satellite orbits to reduce probability of collision, Musk wrote on Twitter, notably declining to say the origin of the debris. Not great, but not terrible either.

The billionaire CEO also elaborated on the dangers that space junk presents to astronauts on spacewalks.

Stationand Dragon have micrometeorite shields (ultra high velocity impact absorption), Musk said, but [Extravehicular Activity] suits do not, hence higher risk for spacewalk.

Before the canceled spacewalk, NASA astronauts on board the International Space Station were scheduled to replace a broken antenna system outside the orbital outpost.

Due to the lack of opportunity to properly assess the risk it could pose to the astronauts, teams have decided to delay the Nov. 30 spacewalk until more information is available, NASA wrote in a Tuesday statement.

The news comes after Russia completed an anti-satellite test in orbit earlier this month, sending more than 1,500 traceable pieces of space junk hurtling around our planet. Its unclear however if NASAs decision, or Musks comments, are related to the incident.

Musks nonchalant reaction to the issue is certainly surprising. Crowding our planets orbit with trash not only poses an existential threat to astronauts, but it could make escaping Earths gravity well one of Musks main goals an even more treacherous journey.

More on debris: NASA Postpones Spacewalk Due to Deadly Debris

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Elon Musk Says Starlink Satellites Had to Swerve Out of the Way of Debris - Futurism

Theres a term bubbling up across social media that is confusing an awful lot of people. That term is Web 3.0, also called Web3. The phenomenon is being heralded by early supporters as the future of the internet. To others, its just a buzzword. But what is Web 3.0? And how does it stand to shape the future like its fans seem to think it will? Well, in some ways, Web 3.0 already exists, and its already well on its way to shaping how we connect online.

Source: Shutterstock

Cryptocurrency is opening up the gate for Web 3.0. The asset class is laying the foundation for a decentralized, autonomous network, free from corporate authority. In just a handful of years, many believe Web 3.0 will be alive and thriving.

So, what is it exactly? Heres everything you need to know.

Web 2.0 is the internet as we know it today, starting with prototypical Facebook pages and e-commerce. This is a period where connectivity is vastly emphasized; you can chat with friends, receive instant answers to any question in the world and buy nearly anything you want online.

Metas recent scandals have been the most shining example of this displacement of power. Whistleblowers have exposed ways in which the company manipulated its users the end consumers of the internet. Moreover, there is much controversy over the ways in which companies mine personal data and use this to target specific users.

Web 3.0 is the direct response to this power imbalance. It seeks to address this by putting power back into the hands of users through decentralization. Data and power is centralized currently among the tech giants like Meta and Alphabet. With Web 3.0, this data can remain as private as a user wants it to be. It also frees users of the indiscretions of these companies rules over users. The internet is considered a frontier for freedom of speech, thanks in large part to the connectivity fostered by social media. And yet, users are still subject to rules made at the whim of the ruling corporations.

The internet as we know it is slowly moving to the blockchain because it is where users can retain their own independence. As cryptocurrency is demonstrating, theres a lot of demand for a place where people can invest their money the way they want and for higher returns than banks can offer; that much is clear from the success of DeFi protocols, which allow one to do things like stake assets for passive income.

Theres a high demand also for a decentralized internet. With Web 3.0, one will be able to use things like social media dapps, where developers have renounced power and users make rules on the type of content that can and cant be posted through community voting efforts. They could then jump to a DeFi protocol and make a token swap, or use their tokens in the metaverse. Most importantly, they could do all of this on one personal account, log-in free. The possibilities are as infinite as the internet as we know it today, but without sacrificing ones power or data.

There are a lot of naysayers out there like Elon Musk. Since he is not likely to provide any insight on his views, we cant know for sure what is holding the business magnate back from Web 3.0. But, if his views fall in line with other skeptics, he likely thinks theres no real vision to it that makes it more compelling than the Silicon Valley-led Web 2.0 we experience today.

Others think the idea of Web 3.0 taking over is not such a ridiculous notion. However, they find it hard to believe these corporations wont simply adopt Web 3.0 ideas for their own products. Many believe that these Silicon Valley companies are going to continue taking notice of decentralization efforts, and they are going to implement ideas of Web 3.0 into their own businesses in order to retain relevancy.

As of right now, there are a handful of Web 3.0 crypto projects out there. Developers are creating protocols for sharing wireless internet, sharing secure data storage space and creating the foundations for a broader decentralized internet. Projects like Polkadot (CCC:DOT-USD) are leading the charge as some of the earliest Web 3.0 endeavors; indeed, Polkadot has the full backing of the Web3 Foundation, which seeks to expedite development of the next iteration of the internet.

On the date of publication, Brenden Rearickdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

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Web3 FAQ: What Is Web 3.0? And Why Does Elon Musk Call It 'BS'? - Investorplace.com

Astronomers have warned that Elon Musks Starlink risks blocking out the stars to deep space telescopes and putting hundreds of millions of pounds of British investment in space exploration in jeopardy.

The Royal Astronomical Society has claimed that networks threatening to blanket the night sky in low-orbit small satellites could blind observatories through light pollution and radio interference.

Robert Massey, deputy executive director of the society, warned a serious amount of public money could be wasted if investments in radio telescopes were rendered blind by thousands of satellites.

Mr Musks Starlink, part of his SpaceX rocket company, is planning to launch more than 12,000 satellites that the hopes will provide internet connectivity to remote areas across the planet.

Rival ventures, such as OneWeb, which is backed by the UK Government, and Amazon are also planning to launch hundreds of satellites to provide rural broadband.

But astronomers have warned this will create light pollution that makes it harder for amateur astronomers to pick out planets and stars in the nights sky.

They also argue that investments in radio telescopes, which use radio waves to search for the origins of the universe, could be at risk owing to interference.

Among these is the Square Kilometre Array (SKA), a vast radio telescope in the Australian outback designed for deep space observation that has been in development for 30 years, and the Jodrell Bank Centre near Manchester.

The Government has committed 270m to the 1.5bn current cost of the SKA and spends tens of millions of pounds each year on other observatories.

Mr Massey said: These communications satellites require powerful downlinks. Historically, you would put a radio telescope in a remote site without interference.

But if you have a satellite constellation covering by design the surface of the earth there is nothing you can do about it. In a pessimistic scenario, we are shutting out a window on the universe.

The SKA and Royal Astronomical Society have complained to Ofcom, the telecoms regulator, asking it to regulate the expansion of satellite constellations, including their impact on astronomy as part of licencing conditions.

Mr Massey said there was a further risk of the unregulated expansion of satellite launches from China or Russia. He said: We can talk to Starlink and we can talk to OneWeb, but can we have the same conversation with companies in China or Russia if they launch systems?

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Astronomers accuse Elon Musk of blocking out the stars with Starlink satellites - The Telegraph

Photo by Maja Hitij/Getty Images, left, Photo by Alex Wong/Getty Images

President Joe Biden has proposed hiring 87,000 IRS workers over the next decade.

Rep. Lauren Boebert criticized the plan, saying it was to monitor billionaires.

Elon Musk paid no federal income tax in 2018, a year in which he was the second-richest person.

On Sunday, Rep. Lauren Boebert of Colorado and Tesla CEO Elon Musk tweeted their disapproval of the Biden administration's proposal to expand the IRS's number of employees under the Build Back Better agenda.

Under the proposal, the IRS would hire nearly 87,000 workers over the next decade to close the "tax gap" by collecting unpaid taxes owed by large corporations, partnerships, and wealthy people, Politico reported.

Boebert compared the proposed increase with the workforces of Tesla and Apple, which employ 70,000 and 154,000 people, respectively.

"The IRS already has dedicated audit teams for high net worth individuals. The doubling of staff is for everyone else," Musk replied to her on Twitter.

According to a May report from the Department of Treasury, the tax gap the difference between taxes owed to the government and what is paid is expected to rise to more than $7 trillion over the next decade, or roughly 15% of taxes owed.

"These unpaid taxes come at a cost to American households and compliant taxpayers as policymakers choose rising deficits, lower spending on necessary priorities, or further tax increases to compensate for the lost revenue," the report said. "The tax gap disproportionately benefits high earners who accrue more of their income from non-labor sources where misreporting is common."

In June, ProPublica published an investigation that found Musk paid no federal income tax in 2018. At the time, he was the second-richest person.

Read the original article on Business Insider

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Elon Musk and Lauren Boebert interact on Twitter over ...

Tesla's Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021.

VCG | Visual China Group | Getty Images

Amid ongoing port constraints and rising shipping costs, Tesla CEO Elon Musk urged employees Friday, in a company-wide email obtained by CNBC, to look for ways to reduce the cost of delivering electric vehicles to customers, rather than rushing orders out last-minute to hit its end of quarter sales goals.

This year, Tesla has struggled to deliver new cars to customers in the U.S. in line with originally promised date ranges. As CNBC previously reported, some Teslacustomers here experienced delivery delays of months, leaving them paying out of pocket for rentals and ride-hailing apps, and needing to re-apply for loans due to slipped deadlines.

Tesla is not alone in leaving customers waiting longer than they had hoped for their new, fully electric cars. Last week, for example, newly public competitor Rivian Automotive notified people who had reserved their R1S, a sport utility vehicle, of delivery delays.

Still, sales have grown this year for Tesla seemingly unbowed by unpredictable delivery dates.

Vehicle deliveries, which are the closest approximation to sales reported by Elon Musk's electric vehicle and renewable energy business, amounted to about 500,000 total in 2020. During the first three quarters of 2021, Tesla had already reported deliveries of 627,350 vehicles.

Since the start of 2021, the company has not provided a clear target for 2021 vehicle deliveries. But Tesla has reiterated its loose guidance for "50% average annual growth in vehicle deliveries" over a multiyear horizon, including on its third-quarter earnings call.

JL Warren Capital's CEO and Head of Research, Junheng Li, wrote in a note to investors last week that she expects Tesla sales to continue to rise, at least in China this quarter. "Soaring gas price benefits all new energy vehicle brands," in the country she noted.

Some 1.3 million electric vehicles were sold in China in 2020, according to Canalys research. The firm predicted that the number would grow to 1.9 million EV sales in China by the end of this year.

China remains the world's largest market for new cars, with strong government support for going electric.

Here's the full e-mail that Elon Musk sent out on Friday to all Tesla employees (transcribed by CNBC).

From: Elon Musk

To: Everybody

Subj. Q4 deliveries vs. cost efficiency

Date: Nov. 26, 2021 [time stamp redacted]

Per my email several weeks ago, our focus this quarter should be on minimizing cost of deliveries rather than spending heavily on expedite fees, overtime and temporary contractors just so that cars arrive in Q4.

What has happened historically is that we sprint like crazy at end of quarter to maximize deliveries, but then deliveries drop massively in the first few weeks of the next quarter. In effect, looked at over a six month period, we won't have delivered any extra cars but we will have spent a lot of money and burned ourselves out to accelerate deliveries in the last two weeks of each quarter.

We will still have quite a big wave of deliveries in the last few weeks of December, as we don't yet have high volume production either in Europe or Texas, which means a lot of cars on boats from China to Europe and on trucks [and/or] rail from California to the East Coast arriving late in the quarter, but this is nonetheless the right time to start reducing the size of the wave in favor of a steadier and more efficient pace of deliveries.

The right principle is take the most efficient action, as though we were not publicly-traded and the notion of "end of quarter" didn't exist.

Thanks, Elon

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Elon Musk urges Tesla employees to reduce cost of vehicle deliveries - CNBC

Welcome to life in Musklandia.

As Elon Musks sphere of influence in Austin and across Texas seems to expand by the day, the eccentric Texas-based billionaire is taking the region and the state along on the wild and often weird roller coaster ride that is his life.

Its been a little more than a month since Musk announced Oct. 7 that Tesla is moving its headquarters to Austin, but even before that, Musk was already spending an increasing amount of time in Austin. He has been moving more of his companies into the region since at least 2020, most notably with Teslas $1.1 billion manufacturing facility currently being built in southeastern Travis County.

As Austin becomes ground zero for all things Musk, that leaves the rest of us figuring out how to navigate the new landscape good, bad and odd.

Musk is a modern-day Albert Einstein in the eyes of many, and the richest person in the world by a wide margin. Hes going to bring a lot more limelight and focus on Austin, said Dan Ives, an analyst with Wedbush Securities.

Musk and Austin are likely to become inextricably linked in the coming years, Ives said.

When the average person in the world thinks Austin, Texas, theyre not going to the music festival or Dell or for the great city it is. Tesla and Elon Musk are going to become synonymous with Austin, Ives said.

Roger Kay, an analyst with Endpoint Technologies, said Musks status and personality are sure to have an impact on Central Texas.

Hes the richest guy in the world, which is interesting. So what hell do immediately is upstage (Dell Technologies founder and CEO) Michael Dell, at least on that, Kay said. Michael has been the kind of king of Austin, I would say, all up until this point.

While the $1.1 billion Tesla manufacturing facility and Teslas planned headquarters move to Austin have drawn the most attention, Musks ventures have been quietly expanding in Central Texas for some time now. They include Musks tunneling and infrastructure company, the Boring Co., which has facilities in Pflugerville and Bastrop; a potential SpaceX expansion somewhere in Austin; a potential Neuralink office; and the headquarters of his private foundation, the Musk Foundation.

Also, a Tesla subsidiary, Tesla Energy, was recently licensed to operate as an energy provider in Texas, according to documents filed with the Texas Public Utility Commission. The company is already building the first Tesla solar neighborhood in Austin, called SunHouse at Easton Park, with solar- and alternative-powered energy.

Meanwhile, SpaceX Musks aerospace and rocket company has multiple facilities around Texas, including a launch site near Boca Chica in far South Texas.

Whats not clear is whether Musk has a residence in Austin. Although various media outlets have listed Austin as his home, he has never publicly confirmed that. Musk announced last year that he had moved to Texas but said his main residence is a small home near Boca Chica on the SpaceX campus.

Whether Musk actually lives in Austin or not, his influence in and impact on Central Texas cant be denied.

Kay said the influx of Tesla and other Musk-related companies will lead to higher salaries in the local tech industry, as well as add to the regions already booming housing market and send real estate prices even higher.

For some people there will be good opportunities. Other people, Kay said, are going to be irritated.

One of the places where Musk has drawn the most attention and perhaps created the most irritation has been on social media. Musk is active on Twitter, where he has more than 63 million followers.

With his immense wealth and such a huge audience, the influence of what Musk posts on social media shouldnt be downplayed, Ives said.

He is one of, if not the most powerful voice in the world in terms of social media and a following, Ives said. If Musk talks, everyones listening. When youre on the right side of that, its great. When youre on the wrong side of that, its a lot of downsides.

Few days go by without Musk making some sort of headline on social media, whether it be for company news, cryptic personal statements, political commentary or just posting a meme.

One example was earlier this month when, after polling his Twitter followers on whether he should sell 10% of his Tesla stock, Musk sold about 900,000 shares, netting over $1.1 billion. His trust also sold more than 3.5 million shares worth $3.88 billion. The stock options that were sold would expire next year and still leave Musk with about 170 million Tesla shares.

More sales later in the week, from both Musk and his trust, have brought the total stock sold to 6.4 million shares, worth a total of $6.9 billion. The sales so far amount to less than 4% of the shares he holds.

Ives said that while a sale of some stock has been expected to pay upcoming taxes, holding a Twitter poll to sell the stock is another soap opera that can only happen to one company and one CEO in the world, Musk.

Here are a few more highlights and lowlights from Musk on social media in the past month:

While most of that social media activity hasnt focused directly on Austin or Texas, there are signs Musk is starting to take more of an interest in whats going on in the Lone Star State.

When Musk announced he was moving Teslas headquarters to Austin, he didnt mention previous clashes hed had with California officials. But industry analysts say that while Austin is more affordable than Silicon Valley and still has the tech and engineering talent Musk needs for his companies, it seems clear he decided he preferred Texas more business-friendly environment over Californias more regulation-heavy approach.

I think Musk selected Texas in particular because of its kind of frontier style. Hes always thought that Californias heavy regulatory environment was not particularly conducive to his style, Kay said. Hes made it really clear that he doesnt think public authorities have any business telling him what to do.

All of which means officials in Texas and in Austin could eventually find themselves getting the same pushback California did from Musk if regulatory conditions rub him the wrong way.

Musk tends to do what he wants and is clever and aggressive in how he goes about disputes, Kay said. At the same time, he will bring a lot of jobs and tax revenue to the region, which gives him cards to play.

Hell say, Well, listen, you want me to just pick up stakes and go to Mississippi? Kay said. Theres probably going to be some ruffled feathers there when he says, Its my way or the highway and now I own your highway. You cant say anything about it. You do well, then Ill bring all my resources to bear upon you.

It remains to be seen how Musk might aim to influence state or local policymaking.

In September, Gov. Greg Abbott said that Musk supported Texas social policies. In response, Musk tweeted: In general, I believe government should rarely impose its will upon the people, and, when doing so, should aspire to maximize their cumulative happiness. That said, I would prefer to stay out of politics.

However, Musk has weighed in on some Austin political issues already.

Austin should be its city, not a San Francisco copycat, Musk said in a Halloween tweet replying to a tweet about Proposition A, which didnt pass earlier this month. The proposition would have required the city of Austin to hire hundreds more police officers.

Whatever positions Musk takes, they are sure to have influence in Austin, across the state and globally, Ives said in large part because of Musks immense wealth and the power that affords him.

Musk recently became the first person in the Bloomberg Billionaires Index to have an estimated net worth of more than $300 billion, making him not only the wealthiest person in the country but also the richest person in history. Musks current estimated net worth is somewhere between $280 billion and $300 billion.

Having Musk and Tesla in the city comes with exponentially more positives than negatives for Austin, Ives said. But Austin has to embrace Tesla and Elon, and not just treat him like any other business person. There are 300 billion reasons hes not.

Kara Carlson,

Austin American-Statesman (TNS)

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Austin adjusts to life with Tesla and its eccentric billionaire boss Elon Musk - The Dallas Morning News

A Russia-based luxury accessory company is selling eight-inch-tall busts of Tesla CEO Elon Musk, which it says are made from the melted-down parts of a Tesla electric car.

The sculptures, though, bear little resemblance to the world's richest man.

The brand, Caviar, usually makes luxury smartphones. In a press release, the company said it made 27 Musk busts as part of a limited-edition set. Each one is worth $2,700, said Caviar, though its website lists the bust at $3,220.

"These new items embody the soul of Elon Musk and, therefore, they will bring their owners the success and creativity of this outstanding individual," wrote company founder Sergey Kitov in the release.

The bust material comes from the metal of a blue Tesla Model 3 (which has a starting price in Russia of around $58,000), Head of Marketing Dmitrey Stoliarov told Insider.

Stoliarov said the sculpture's likeness of Musk was crafted by a 3D artist hired by Caviar. "We didn't download it from the internet," he said.

When asked about the discrepancies between the bust design and Musk's appearance, Stoliarov said: "Our artist did not pursue the goal of creating photographic accuracy. He created an image of the inventor in which all his achievements and inventions are reflected."

As to how many busts have been sold so far, Stoliarov said sales had just started.

The company is also selling iPhone 13 Pro and iPhone 13 Max designs made from Tesla parts, starting at $5,600 a piece, it said. The designs feature a portrait of Musk on the top right corner, with an engraving made from the copper of a Tesla battery.

Only 99 such phones will be available worldwide, Caviar said.

The phone designs and statues are part of its Visionaries collection, which also include (more recognizable) busts of Alibaba founder Jack Ma and the late Apple magnate Steve Jobs, selling at $1,990 and $1,680 respectively. These busts are made of nickel-plated brass.

"We want our customers to look at the desktop bust of Elon Musk or Steve Jobs and their customized iPhone and be inspired by their example every day and build their own future," Stoliarov said.

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Company melts $58,000 Teslas into busts of Elon Musk that look nothing like him - Business Insider

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk recently responded to a tweet that called attention to the dangers and pitfalls of leveraged Dogecoin (CRYPTO: DOGE) trading.

Musk was reacting to a post by Twitter user Mishaboar.

Mishaboar tweeted that some holders of the meme cryptocurrency started asking for help after their margin accounts got liquidated.

He mentioned that educating people about risky leveraged trading was important, and compared taking on theadditional risk to adding gasoline to the fire.

"Experienced traders and those with vast amounts of liquidity can try their chance at gambling with this. But believe me, many are not as "experienced" as they think they are," Mishaboartweeted. "You are against organizations and institutional investors that have a lot more information than you do."

Mishaboar wrote, "These tools are already dangerous in traditional markets. However, in the crypto market, which is vastly unregulated, the risks and unfairness are multiplied x100."

"Again: it is playing Russian roulette against the guy who made the gun and knows exactly which chamber holds the bullet," he added.

Musk reacted to the tweet and said, "Good thread."

Last week Musk backed another perspective on Dogecoin, saying it should break its dependence on centralized exchanges like Robinhood Markets Inc. (NASDAQ:HOOD) and Binance.

Binance and Robinhood are some of the cryptocurrency exchanges that support Dogecoin. These exchanges allow users to buy and sell coins using fiat or other cryptocurrencies.

Related Link:Whales Are Buying Dogecoin, The Meme Crypto Ranks Among The Most Actively Used Smart Contracts

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Elon Musk Supports View That Dogecoin Hodlers Need To Be Wary Of Leveraged Trading - Benzinga - Benzinga

Starlight's allies... or enemies?

They're mysterious, they're loaded, and they already kinda rule the world... so Jeff Bezos, Bill Gates and Elon Musk pretty much tick all the movie villain boxes.

But in the world of "The Boys", where the line between good guys and bad guys is a little blurred on which side of the divide would the trio fall?

Erin Moriarty, who plays Starlight on the Amazon Prime hit series, had no hesitation giving her opinion... on two of them anyway, as Jeff Bezos is technically her boss:

"Oh that's an interesting question and I feel like the Amazon snipers will shoot me down if I answer that," she dodged with superhero-like reflexes.

The other two, she insisted while leaving Zinque Cafe in LA recently, are definite good guys.

"Honestly I like Bill Gates and what he does with vaccines," she said, "and I think even though Elon Musk is heavily criticized I have a feeling he's going to make a better impact on the world than most of us, in terms of the environment, so I'm not for the vilification of Elon Musk.... I like an electric car!"

The 27-year-old shrugged off criticism Bezos and Musk faced for dallying in a personal space race while the planet we have suffers, or Gates calling for climate change from the top of his super yacht (which are all pretty supervillain-sounding pursuits, to be fair).

Mario Bros. Producer Chris Meledandri Defends Casting Non-Italian Chris Pratt (Exclusive) View Story

"Yeah I know, I know," she sighed. "I do feel like though ultimately with what [Gates] does with the vaccine world, and Elon Musk like I said with the whole environment..."

"I think Starlight would try and just work in conjunction with Elon Musk and all the things that he does with the environment."

While "The Boys" features plenty of female butt-kickers both good and bad such as Queen Maeve, Stormfront, Kimiko, and of course, Starlight herself, Moriarty agrees the "damsel in distress" is a tired TV trope that still needs putting to bed.

"I think we've seen enough strong men in strong roles, period," she declared. "I think we need more women in strong roles for about a century to overcompensate for the men taking up that arena, to be honest."

And will the upcoming season 3 of "The Boys" feature even more diverse roles?

"Yes but that's all I can say," she replied. "Otherwise again, I'll lose my job."

William Shatner Fires Back at George Takei After Space Flight Slam View Story

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Would Jeff Bezos, Elon Musk And Bill Gates Be Villains Or Heroes On 'The Boys'? Erin Moriarty Weighs In - TooFab

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