The Chicago Journal

Meta will charge users for its subscription service

MetaAnother upcoming huge tweak Mark Zuckerberg made to Facebook and Instagram on Sunday has already angered users.

The CEO of Meta reportedly stated that the business is exploring a paid membership service that validates Facebook and Instagram users.

The unexpected Meta news surfaced just after Twitter said that it will start charging users for SMS two-factor authentication.

The news

In his introduction, Zuckerberg said that the subscription service will be dubbed “Meta Verified.”

Everyone who wants to utilize this service must pay $11.99 each month.

Those who use iOS, however, will have to pay $14.99 a month.

Australia and New Zealand will have access to Meta Verified this week before other regions.

Meta Verified

Meta’s subscription service is more than just a status symbol.

Also, it has benefits including enhanced protection against fake accounts.

Furthermore, Meta Verified provides clients with easy access to customer service.

A blue badge that enables account verification is given to users who utilize the subscription service.

Anybody who wants to utilize the subscription must have a government ID that exactly matches the name and photo on their profile.

They must also be at least 18 years old to subscribe to Meta Verified.


Mark Zuckerberg posted the following in a post on the Instagram broadcast channel Meta Verified:

“This new feature is about increasing authenticity and security across our services.”

The startling revelation shocked everyone, but Meta clarified to let everyone breathe.

The social media behemoth said that the verified accounts, which were previously exclusively accessible to real, well-known people, will not be impacted by the new subscription service.

“We are evolving the meaning of the blue badge to focus on authenticity so we can expand verification access to more people,” said a Meta spokesperson.

“We will display follower count in more places so people can distinguish which accounts are notable public figures among accounts that share the same name.”

A league of their own

Due to the company’s use of subscription services, Meta Verified falls under the same banner of platforms like:

  • Discord
  • Reddit
  • Twitter
  • YouTube

Twitter has generated the hottest discussions out of all the websites with a committed subscription service.

Twitter Blue

In December, Twitter Blue, a premium service for verification, was re-released by Elon Musk and Twitter.

The firm had been utilizing the service up until a flood of fake “verified” accounts forced them to withdraw.

Twitter has also added new colors for a number of checkbox choices to make it simpler to distinguish between distinct accounts, including:

  • Gold checks for companies
  • Gray checks for government organizations and affiliates
  • Blue checks for individuals, celebrities or non-celebrities

Android and iOS users may use Twitter by subscribing to Twitter Blue for $11 per month.

Elon Musk wanted to increase the number of customers when he paid $44 billion to buy the business in late 2022.

Read also: Microsoft AI actually had errors in demo last week

Two-factor authentication 

There was uproar when Twitter said last week that it was reviewing how it handled two-factor authentication.

SMS texts are a two-factor authentication mechanism that is exclusively accessible to Twitter Blue subscribers, according to the press release.

A 2021 survey by Twitter Account Security found that just 2.6% of Twitter users had 2FA activated.

Around 74.4% of customers have so far chosen SMS authentication.

Beginning on March 20, non-Twitter Blue users will have two more, cost-free login options:

  • A security key
  • A mobile authentication app

On February 15, the news was made on Twitter in a blog post that read:

“Instead of only entering a password to log in, 2FA requires you to also enter a code or use a security key. This additional step helps make sure that you, and only you, can access your account.”

“While historically a popular form of 2FA, unfortunately we have seen phone-number based 2FA be used – and abused – by bad actors.”

“So starting today, we will no longer allow accounts to enroll in the text message/SMS method of 2FA unless they are Twitter Blue subscribers.”

“Non-Twitter Blue subscribers that are already enrolled will have 30 days to disable this method and enroll in another.”

“We encourage non-Twitter Blue subscribers to consider using an authentication app or security key method instead.”

“These methods require you to have a physical possession of the authentication method and are a great way to ensure your account is secure.”

Elon Musk vowed to end child exploitation on Twitter, workforce too thin

Elon Musk declared he could stop child trafficking on Twitter, the social media platform he spent $44 billion to buy.

He spoke about the issue and stated it was his top concern less than a month ago.

There has yet to be any evidence, though, that Twitter has been acting aggressively since he took charge.

According to conversations with four former employees, one current employee, internal business records, and people working toward the same goal, Musk hasn’t made a significant investment in removing child exploitation-related information from Twitter.


Elon Musk turned the discussion of internet security into a significant effort to malign former Twitter leaders.

In addition, he is using his ownership in the “awake mind virus,” a social movement that opposes far-left to center-left principles.

After he agreed with far-right internet rhetoric that usually includes exaggerated accusations of child sex abuse, the change occurred.

“It is a crime that they refused to take action on child exploitation for years,” Musk tweeted on Friday.

His comment was in reaction to a letter of resignation from a member of Twitter’s Trust and Safety Council who focused on child abuse issues.

The previous CEO, Jack Dorsey, responded, “This is false.”

New management

Now run by Musk, Twitter said that more accounts were suspended for child sex abuse content in November than in any other month.

The suspensions were attributed to new partnerships with anonymous groups and new “detection and enforcement mechanisms.”

The following reasons hindered the corporation’s ability to address child sex abuse online:

  • Layoffs
  • Mass-firings
  • Resignations

Internal records

Internal records obtained by NBC News and CNBC reveal that 25 of the 1,600 workers still employed by Twitter had positions related to “Trust and Safety,” although the company’s personnel total is still in flux.

The total includes over 100 individuals Musk authorized to work for Twitter, Tesla, SpaceX, The Boring Company, and numerous investors and advisers.

A former employee with a child safety focus claimed to be aware of a small Twitter team still tackling the issue.

But most of the team’s engineers and product managers have already left.

The employee asked to remain anonymous because she feared retaliation.

By the end of 2021, Twitter employed more than 7,500 people.

According to former employees, layoffs would have been possible even if Musk hadn’t purchased the company.

Child safety groups

Twitter’s ties to outside groups that promote child safety have been cut back under the current management.

The Trust and Safety Council of the social media firm, which was made up of 12 groups and provided advice to Twitter on its campaigns to increase public awareness of child sexual exploitation, was abolished on Monday.

The National Center for Missing & Exploited Children (NCMEC), an organization the US government has tasked with monitoring reports of child sexual abuse content online, claims that not much has changed under Musk’s direction.

NCMEC’s consolidated CSAM reporting system was addressed by the organization’s spokesperson Gavin Portnoy, who said:

“Despite the rhetoric and some of what we’ve seen people posting online, their CyberTipline numbers are almost identical to what they were prior to Musk coming on board.”

Another change observed by Portnoy was the exclusion of Twitter from the organization’s annual social media discussion.

“The previous person was one of the folks who resigned,” he said.

According to Portnoy, Twitter declined when asked if they wanted to send a proxy.


Twitter stated that 86,666 CSAM incidents were found on the platform in 2017, although Portnoy believes the actual number may be higher.

“We’ve always felt that there should have been more reports coming out of Twitter, no matter how you cut it, and just given the sheer number of users that are there,” he said.

Twitter continues to be plagued with child sexual exploitation content, even if it affects most social media sites.

After learning that their advertisements frequently displayed next to harmful content, Twitter’s advertisers left the platform earlier this year.

Last year, a child sex abuse victim and their mother sued the company, claiming they were negligent in their response to information about a video showing the child roaming the site.

Read also: Meta threatens to remove news content on FB

Content moderation

Using automated detection technologies, internal expert teams, and outside contracts, child abuse content must be detected and eliminated in moderation.

The content complies with Twitter’s policies as follows:

“Imagerey and videos, referred to as child pornography, but also written solicitation and other material that promotes child sexual exploitation.”

Several employees and leaders who worked on trust and safety features, as well as improvements to the current platforms, made up Twitter’s engineering staff, which was reduced by more than half as a result of layoffs, firings, and resignations, according to those with knowledge of the situation and internal records.

Twitter’s current head of trust and safety, Ella Irwin, alleges that Musk also let go of contractors when the company migrated to high-tech automation to fulfill its moderation needs.

“You tend to think more bodies equals more safety,” said Portnoy.

“So, I mean, that is disheartening.”

How many Twitter staff are still working on child safety issues remains unknown.


Elon Musk says he can stop child exploitation on Twitter. So far, he’s axed jobs and pushed out watchdogs

Elon Musk highlights macroeconomic factors for Tesla shares decline

Elon Musk: On Tuesday, shares of Tesla, the top producer of electric vehicles, fell 8% and hit a new 52-week low.

Elon Musk, the CEO, attributed the decline to macroeconomic factors.

The news

Tuesday’s market performance was mixed as Tesla shares slid to a 52-week low and finished at approximately $138 per share, down 8%.

Elon Musk tried to attribute the problem to macroeconomic factors.

Ross Gerber, a longtime backer of Tesla, tweeted:

“Tesla stock price now reflects the value of having no CEO. Great job tesla BOD – time for a shake up. $tsla.”

Gerber launched an unofficial campaign to convince Tesla’s stockholders to ratify his appointment to the board of directors.

“As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are not guaranteed,” Musk replied.

“People will increasingly move their money out of stocks into cash, thus causing stocks to drop.”


Since Musk said earlier this year that he would buy Twitter, Tesla’s stock has fallen more than those of other well-known manufacturers.

Tesla shares have dropped 59% since April compared to 26% and 12% for Ford and GM, respectively.

The S&P 500 is down 14% as well.


Elon Musk, according to Ross Gerber, has been preoccupied.

He mentioned the issues that the new CEO and owner of Twitter had been causing with his social media site.

Late in October, Musk used a leveraged buyout to acquire Twitter.

As CEO of SpaceX, a large defense contractor, he also spends his time between those roles.

Read also: Elon Musk sells giant chunk of Tesla shares again

Twitter acquisition

Elon Musk sold his Tesla stock, including one, for $3.6 billion earlier in December to obtain money to buy Twitter.

In an effort to “save” the company last month, he laid off more than half the workers after selling his Tesla for billions of shares.

Then he made a number of modifications to the products and the policies, which he ultimately undid.

After layoffs, Musk called an all-hands meeting to motivate the remaining Twitter employees.

He sold Tesla stock, estimated to be worth $3.95 billion, at the start of November.

Musk also sold 19.5 million more Tesla shares, according to a filing sent to the Securities and Exchange Commission.

In April, Musk sold Tesla shares worth over $8 billion, and in August, he sold stock worth over $7 billion.

The CEO of Tesla extended an invitation to employees from previous companies he co-founded to join the Twitter team, as well as to supporters, friends, and autopilot engineers.

Tesla’s challenges

Since late October, Elon Musk has been focusing on his “Chief Twit” position.

Tesla has been offering discounts and incentives to sell automobiles in China, where the company has a sizable production site in Shanghai.

Additionally, the company has pushed to improve productivity in recently built facilities in Brandenburg, Germany, and Austin, Texas.

Additionally, despite Europe’s growing energy prices, Tesla continues to experience supply chain problems in the automotive industry.

The scenario in Europe may reduce drivers’ interest in electric automobiles.

Price targets

Due to the issues the company is now having, Mizuho Securities and Evercore ISI decreased their projections for the price of Tesla on Tuesday.

Analysts at Mizuho Securities warned of “potential weakness in Tesla sales as macro headwinds and a weaker consumer could drive lower demand for higher-priced EVs.”

The company, however, is upbeat about Tesla’s future and cites the following factors as potential boosters of rising domestic demand:

  • New Tesla factories could provide a competitive advantage
  • New electric vehicle tax credits in the United States

Early in 2023, China’s EV credits start to run out.

As a result, the group has a buy rating and a $285 price objective on Tesla’s shares.

Read also: NetChoice claims California law violates First Amendment, sues state

Tesla shares

Joshua White, an assistant professor at Vanderbilt University and a former economist for the US Securities and Exchange Commission, said:

“Only some of the drop in Tesla’s value can be blamed on interest rates. Twitter overhanging is one important component. China is another huge component.”

“We still don’t know if China will be open all the way, and we see there is supply and demand pressure here in light of the increase in Covid cases and disruption.”

White asserts that Elon Musk likely lost shareholders’ confidence in April when he said he didn’t sell any extra Tesla shares.

Musk persisted nonetheless, raising billions of dollars by selling more shares.

“He seems to sell equity in really large blocks, say ‘I’m done and I’m not selling anymore.’ But talk is cheap,” continued White.

“He says that and then sells more shares. So the more you say that and investors think he’s probably not done? The less confident they will be that the price is going to bounce back.”


Elon Musk tries to explain why Tesla shares are tanking

Elon Musk tells Twitter staff he sold Tesla stock to save the social network

Twitter and Elon Musk sued by former workers

Twitter: A group of former Twitter employees who are suing Elon Musk achieved a preliminary victory on Wednesday.

A judge required the social networking business to notify the fired employees of the legal proceedings.

This ensures that workers are informed before being asked to sign a release of liability clause in a severance agreement.

The lawsuit

After Elon Musk took over the company last month, Twitter let go of thousands of employees.

Following the acquisition, a number of former employees claimed that he had broken his pledge to permit remote work and offer consistent severance money.

The class-action status requested in this case.

Additionally, it alleges that the business did not provide at least one recently laid-off employee enough notice.

California and federal law both need the notice.

Neither Musk nor Twitter did not compensate the worker in lieu of the notice.

The order

On Wednesday, the motion was approved by the judge, Hames Donato.

Twitter’s talks with employees “should not be rendered misleading by omitting material information about a pending lawsuit,” the California district court judge ruled.

The order demonstrates the court’s consideration of the employee’s viewpoint.

Read also: TikTok research finds teens exposed to harmful content

The layoffs

Twitter and Elon Musk sacked thousands of staff beginning in November.

The decision was made in an effort to save money.

Employees began posting that they couldn’t access their work email accounts the evening before the layoffs.

Some people used salute and blue heart emoticons to signify their departure from the organization.

By dawn, a number of Twitter departments announced their exit.

The following departments are among those impacted:

  • Ethical AI
  • Marketing and communication
  • Search
  • Public policy
  • Wellness

Additionally, the curation team, which promotes reliable content on Twitter about subjects like elections, lost a number of its members.

Someone claimed that they had been deleted and remotely logged out of Slack.

Many workers admitted to having access issues hours before Musk fired them.

In addition, they received emails that said nothing about the layoff.

However, several of the fired employees felt relieved.


Elon Musk visited an investor conference early in November, participating in a cordial interview as Twitter employees announced their layoffs.

Musk didn’t say anything in response to the interviewer’s claim that he fired half the staff; he simply nodded.

The Tesla CEO then defended the firings by saying that the business had faced “revenue issues” prior to his acquisition, similar to other social networking sites.

Advertisers were reevaluating their spending as long as recessionary anxieties persisted throughout the year.

The cuts

Before Musk’s takeover, Twitter had a workforce of over 7,500; as a result, 3,700 people were let go.

After incurring substantial debt to cover the $44 billion acquisition, Twitter made adjustments to strengthen its financial situation.

The email informing staff of their status is as follows:

“If your employment is not impacted, you will receive a notification via your Twitter email.”

“If your employment is impacted, you will receive a notification with next steps via your personal email.”

Additionally, Twitter announced that all credential access would be suspended, and the offices would be temporarily closed in order to safeguard the security of its personnel and systems.

Read also: Twitter Blue is $3 more for iPhone users

Other lawsuits

On behalf of former workers, Shannon Liss-Riordan filed the lawsuit against Twitter.

She claimed that the order is a straightforward but essential step that gives workers a chance to understand their rights rather than depriving them of money to which they are legally entitled due to Musk’s coercion.

Liss-Riordan brought four lawsuits on behalf of the former workers, this one being one of them.

Cases involving alleged discrimination based on gender and disability are also present.

Another is on behalf of contractors dismissed from Twitter.

The former employees are currently suing the corporation for alleged violations of the federal and California WARN Acts, which mandate early warning of mass layoffs and unspecified monetary damages.

Engineer Emmanuel Cornet, one of those suspended from Twitter, stated in a news conference last week:

“It seems like the layoffs have been done in a way that’s really clumsy and inhumane and potentially illegal… and this is the aftermath.”


Former employees suing Twitter over layoffs score an early victory

Elon Musk’s Twitter lays off employees across the company

Elon Musk sells giant chunk of Tesla shares again

Elon Musk is highly known for a number of things, but he is best known for his role as CEO of the renowned electric car firm Tesla.

Just recently, Musk sold more than 22 million shares of Musk’s company for a total of about $3.6 billion.

The details were disclosed in a financial document that was made available to the public on Wednesday night.

According to paperwork submitted to the Securities and Exchange Commission, the transactions happened this week between Monday and Wednesday.


Before taking over the well-known social media network Twitter, Elon Musk had his hands full with Tesla and SpaceX.

On April 29, he tweeted the following to let his fans know about some changes to the electric vehicle manufacturer’s stock:

“No further TSLA sales planned after today.”

According to VerityData, a company that performs financial analysis, Musk has already sold 94,202,321 shares in 2022.

With a share price of $234.46 on average, pre-tax profits came to about $22.93 billion.


Ben Silverman, the research director of VerityData, said:

“Musk’s prior sales going back to November 2021 were expertly timed, so Tesla shareholders need to pay attention to Musk’s actions and not his words – or lack thereof when it comes to his recent selling.”

But Elon Musk persevered in trying to sell off some of his Tesla holdings.

After deciding to pay $44 billion for Twitter, the CEO resolved to sell a significant portion of his shares.

Musk bought Twitter in late October.

Read also: Donald Trump slumps in voter standing based on recent poll


This week, Elon Musk lost his title as the wealthiest person in the world.

The CEO of the luxury goods firm LVMH, Bernard Arnault, has reportedly become the richest person in the world, according to Forbes and Bloomberg.

According to Refinitiv, a source of financial market statistics, he still holds the highest position in Tesla, with a 13.4% holding.

Musk said in November that he had sold 19.5 million Tesla shares for a total of $3.95 billion, only days after taking over Twitter.

The worth of the Tesla CEO has climbed to $174 billion, and Arnault’s wealth has increased to almost $191 billion.


Despite having a well-known brand in the sector, Tesla’s stock performance in 2022 was among the poorest among the most illustrious automakers and IT companies.

Investors worry that Musk’s acquisition of Twitter has taken up the majority of his time.

On Wednesday, the value of Tesla shares, which are traded on the New York Nasdaq index, closed under $500 billion.

The shares last experienced a similar decline in 2020.

Last year, Tesla’s worth was astoundingly above $1 trillion, but it has subsequently decreased in recent months.


Elon Musk completed seizing control of Twitter in October.

His focus and efforts are now solely on the social media platform.

By selling shares of Tesla, Musk was able to raise billions of dollars for the acquisition of Twitter.

The shares decreased as a result of the transactions.

The Twitter agreement was finally finalized after some back and forth between the firm and the CEO of Tesla.

Musk attempted to renege on the agreement during that time before deciding to purchase shares of his own company instead.

Some claim that Tesla’s stock price dropped as a result of the takeover’s distraction.

Investors are also concerned that there may be less demand for the company’s electric automobiles because of the weak economy.

Rising borrowing costs have discouraged customers and other companies from adding more electric vehicles to their lineups.

In addition to the problems already highlighted, Tesla has experienced issues with model autopilot, regulatory inquiries into crashes, and recalls.

Read also: Elon Musk vowed to end child exploitation on Twitter, workforce too thin

Other notes

All of 2022 has seen a decline in Tesla stock.

However, things significantly altered after Elon Musk took over as Twitter’s CEO.

On Wednesday, Tesla stock decreased 2.6% to close at $156.80.

As a result, the company’s market capitalization dropped to $495 billion.

As of Wednesday’s close, Tesla stock has also dropped by 55% year to date.


Elon Musk sells another huge chunk of Tesla shares

Elon Musk sells $3.6 bn of shares in electric car maker Tesla

Twitter Blue is $3 more for iPhone users

With an emphasis on the Twitter Blue subscription service, Elon Musk and Twitter have been collaborating to improve the organization’s revenue model.

On Monday, the social media company revealed a new iteration of Twitter Blue.

Last month, Elon Musk halted and postponed the launch, which prompted the upgrade.

Apple service

For web users, Twitter Blue is $8 per month; however, Apple customers are in for a shock since the subscription costs them $11.

There is an additional $3 fee for iOS users who purchase the subscription through the Apple App Store.

The price rise is a result of Elon Musk, the new owner, lately expressing his displeasure with the tech giant’s 30% decline in digital revenue generated by applications.

The cut

Musk began criticizing Apple in November over its decreased Twitter advertising expenditures and its 30% decline in digital sales due to applications.

Tesla’s CEO added that Apple has threatened to remove Twitter from the App Store.

Musk said that he was “going to war” in a later deleted tweet.

Additionally, he suggested he would design his own brand of cellphones from the ground up.

Apple’s reactions

Apple CEO Tim Cook remained silent on Musk’s activities despite numerous provocations.

From a commercial standpoint, Twitter is just another app, and the major tech company doesn’t make much money from its in-app transactions.

Read also: Apple upgrades iCloud security for user safety

Government intervention

Republicans JD Vance, the next senator from Ohio, and Florida Governor Ron DeSantis advised Musk on how to pressure Apple.

DeSantis stated that Congress should investigate Apple’s use of monopoly power if it carried out its threat to fire Twitter.

“You also hear reports Apple is threatening to remove Twitter from the App Store because Elon Musk is actually opening it up for free speech,” said DeSantis.

“And [Musk] is restoring a lot of accounts that were unfairly and illegitimately suspended for putting out accurate information about Covid.”

“If Apple responds to that by nuking them from the app store, I think that would be a huge, huge mistake, and it would be a really raw exercise of monopolistic power.”

On the other hand, JD Vance expressed similar views and said:

“This would be the most raw exercise of monopoly power in a century, and no civilized country should allow it.”

Previous pullouts

The digital behemoths will likely delist Twitter’s app from the App Store if Apple stops collecting platform fees.

Fortnite launched a feature to the iPhone app in 2020 that allowed players to purchase in-game cash from Epic Games directly, lessening Apple’s typical 30% cut of purchases.

Apple took Fortnite off the App Store the same day.

Later, Apple prevailed in a court battle with the other party.

An appeal, however, is still ongoing.

Musk wants to generate more revenue through Twitter subscriptions rather than through adverts.

Twitter is cutting costs while carrying a sizable debt, which reduces Apple’s advertising, a significant challenge.

The subscription

Twitter announced on Saturday that users with verified phone numbers would see a blue checkmark when an account is reviewed and approved.

Subscribers to the Blue service will have access to exclusive features and services, such as tweet editing.

Twitter also promised users the following:

  • Fewer ads on their timeline
  • The option to post longer videos
  • Priority in replies and mentions

The relaunch includes a feature that enables companies to get a gold checkmark.

To avoid impersonations, governments will also have a gray checkmark.

Users can modify their username, display name, and profile photo, according to Twitter.

But if they did, their blue check would be forfeited until their account was again examined.

Elon Musk also disclosed that there would be other functionalities.

Early launch

An early version of Twitter Blue went live in November.

After some users started mimicking companies, the government, and prominent people, Musk promptly shut down the service.

One account tweeted that insulin was free while posing as the pharmaceutical company Eli Lily.

As a result of the false assertion, the company’s stock price fell sharply.

The same issue also plagued the website of the pharmaceutical business AbbVie.

It was once more delayed despite Musk’s assurances that the service would resume on November 29.

Read also: Meta threatens to remove news content on FB


The CEO of Tesla and SpaceX paid $44 billion in October to purchase the social media site.

He has concentrated on Twitter Blue since taking over to replace advertising revenue.

The “huge lever” and the power of the people would be provided by the new verification mechanism, according to Musk.

Before his acquisition, Musk was a vociferous opponent of Twitter’s prior verification process since it favored users like:

  • Politicians
  • Executives
  • Members of the press
  • Organizations

Other social networking sites operated by Meta, like Facebook and Instagram, utilize similar verification mechanisms.

Users who were verified under Twitter’s previous strategy are now regarded as legacy verified accounts that “may not be notable” due to the debut of the new service.

Elon Musk announced Monday that all legacy blue checks would soon be destroyed.

“The way in which they were given out was corrupt and nonsensical,” said Musk.


Twitter Blue relaunches, now costs $11 per month if you subscribe from an iPhone

Elon Musk may be luring Apple into a fight with Republicans

Elon Musk briefly slipped to second wealthiest man

Elon Musk has long been known as the wealthiest man on earth, running the likes of Tesla, SpaceX and, most recently, Twitter.

However, his prestigious title could be transferred to another person, as happened recently.

The metric

On Wednesday, Elon Musk briefly slipped to second place on Forbes’ list of “real-time billionaires.”

The CEO of Twitter, SpaceX, and Tesla sat just behind Bernard Arnault for a moment.

On the same level as Musk, Arnault is the CEO of the French luxury brand LVMH.

He is also the creator of luxury products Hennessy Cognac and Louis Vuitton.

However, Forbes estimates Elon Musk’s net worth at $184.9 billion, which is higher than Arnault, who stands at $184.7 billion.

“The two men’s fortunes are nearly the same – separated by just $200 million,” Forbes noted.

“So it won’t be surprising if they continue to flip flop in Forbes’ rankings of the world’s wealthiest.”

Read also: Apple upgrades iCloud security for user safety

The drop

Forbes explained that thanks to the flat shares of LVMH, Bernard Arnault has risen in the rankings.

Meanwhile, Elon Musk witnessed a dramatic drop in Tesla’s stock price, down 56% in 2022.

Musk’s strategy of appealing with friendliness to right-wing influencers on Twitter could also affect Tesla’s stock.

The Tesla CEO’s net worth peaked at $320 billion last November, according to Forbes.

Stocks and shares

Elon Musk had to sell more than $4 billion worth of Tesla stock to fund his $44 billion Twitter buyout.

However, the social media company is facing issues like layoffs, and advertisers are wary of Twitter’s management.

Additionally, Musk sold $14.5 billion worth of Tesla stock earlier this year when he announced his deal to buy the social media platform.

Estimating Elon Musk’s net worth will not be easy.

Most of his money is tied up in his private businesses, including:

  • Rocket and internet firm SpaceX
  • Tunneling outfit The Boring Company
  • Neuralink is a company dedicated to installing computer chips in people’s brains


Despite his losses, Elon Musk still ranks above others on the Forbes list.

Indian billionaire Gautam Adani took third place with a net worth of $134.8 billion.

Meanwhile, Amazon founder Jeff Bezos is now worth about $111.3 billion.

Elon Musk tops the Bloomberg Billionaires Index with a net worth of $179 billion.

Bernard Arnault, with $165 billion, follows him.

However, according to Bloomberg calculations, Musk has already lost $13 billion.

The list is updated daily after the market closes.


Elon Musk is on the verge of losing his world’s richest person title

Elon Musk gives surprising response to Kanye West

Elon Musk has become Kanye West’s latest target when the rapper aimed a post at the wealthiest man on earth.

After a series of disgustingly insensitive tweets, Ye was banned from the social media platform that Elon Musk had taken over.

Instead, the controversial rapper took to Instagram to take a dig at Musk.

Meanwhile, the Tesla CEO responded to Ye on Twitter.


After buying Twitter, Elon Musk restored several suspended accounts, including Kanye West.

He had previously been banned for threatening to do “Death Con 3” against Jews.

It was only a matter of time before the rapper said something controversial again, and sadly, it didn’t take long.

He tweeted a picture of a swastika on the Star of David.

Additionally, Ye appeared in several interviews, spewing anti-Semitic comments.

Although Musk is an ambassador for free speech, he’s had enough.

As a result, Kanye West was once again banned from the social media platform.

Read also: Elon Musk wary of Twitter removal from Apple


After the ban, Kanye West turned to a different social media platform.

This time, he chose Instagram.

There, Ye slammed Elon Musk and wrote:

“Am I the only one who thinks Elon could be half-Chinese? Have you ever seen his pics as a child?”

“Take a Chinese genius and mate them with a South African supermodel and we have an Elon.”

Ye continued, writing:

“I say an Elon because they probably made 10 to 30 Elons and he is the first genetic hybrid that stuck… Well let’s not forget about Obama.”

Read also: Kanye West Yeezy office story emerges


Kanye West’s whimsical post earned over a million likes as his followers remained loyal to him.

Meanwhile, Elon Musk calmly addressed the post on Twitter, saying:

“I take that as a compliment!”

Although he no longer has access to Twitter, Ye learned of Musk’s response.

Someone likely sent the rapper a screenshot of the response, which Ye later acknowledged in another Instagram post.

Then, finally, he reassured Musk, writing:

“It was meant as a compliment, my friend. Now Obama on the other hand…”


Elon Musk responds to Kanye West after he called him ‘half Chinese genetic hybrid’

Elon Musk wary of Twitter removal from Apple

Elon Musk has claimed that Apple is threatening to remove Twitter from its iOS app store, which could throw off Twitter’s business.

The revelation fell on Monday.

If Apple goes ahead with its plan, it would be devastating for the company that Musk recently bought for $44 billion.

The tweets

On Monday, Elon Musk made several tweets targeting Apple and its CEO over the alleged move that could ruin Twitter’s business.

“Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why,” Musk tweeted.

In another, the Twitter owner said Apple has largely stopped advertising.

“Do they hate free speech in America,” he asked, referencing his desire to bolster his idea of free speech on Twitter.

“What’s going on here [Apple CEO Tim Cook]?”

Elon Musk also criticized Apple’s size, claiming the tech giant engages in “censorship.”

He then blasted the 30% transaction fee Apple charges major app developers to get their apps up for the app store.

Read also: Jobless claims exceed analyst’s expectations


Elon Musk’s tweets shed light on his relationship with the tech giant.

Before acquiring the social media platform, Musk said when Tesla ran into problems, he considered selling the company to Apple.

However, Cook reportedly refused to meet him.


Removing Twitter from the Apple App Store (or even Google) would damage Twitter’s operations.

The social media platform is already struggling after losing advertisers following its acquisition.

In addition, the company is trying to increase its profits through its subscription business.

Apple has already shown a willingness to remove apps from its App Store due to concerns about harmful content or attempts to circumvent cuts Apple offers on purchases and subscriptions.

For example, Apple removed Parler in January 2021.

Parler was a popular app among conservatives, especially the far right.

Apple removed it after the Capitol attack over concerns about the platform’s ability to detect and moderate hate speech.

However, Parler returned to the App Store after three months following an update on its content moderation practices.

Read also: Russia threatens Europe, says it may cut gas


Earlier this month, Tim Cook had an interview with CBS.

He was asked if Twitter could somehow change that would cause Apple to remove the app from the app store.

“They say that they’re going to continue to moderate and so… I count on them to do that,” said Cook.

“Because I don’t think that anybody really wants hate speech on their platform. So I’m counting on them to continue to do that.”

Yoel Roth, former head of trust and safety at Twitter, also hinted that the company has already received calls from App Store moderators since the Musk acquisition.

Roth said Twitter’s failure to follow Google’s and Apple’s App Store rules could be disastrous.

Phil Schiller, head of Apple’s App Store, deleted his Twitter account last weekend.

While the relationship between Apple and Twitter is unclear, the tech giant recently posted Black Friday announcements on social media.

Meanwhile, many companies have recently reduced their digital ad spending due to the economic downturn.

Twitter probably represents a small portion of Apple’s advertising budget.

However, Apple’s impact could be more remarkable, especially if Musk manages to shift his core business to subscription revenue and potentially pay Apple a 30% cut.


Elon Musk claims Apple has ‘threatened to withhold’ Twitter from its app store

Alex Jones remains unwelcome on Twitter


Alex Jones is one of the banned names on the popular social media platform Twitter for constantly spewing lies.

While new owner Elon Musk lifted the ban on many suspended users, Jones remains on Twitter’s blacklist.


Last week, Elon Musk said that Alex Jones would not return to Twitter despite some users requesting his return.

Twitter’s new owner this weekend defended his attempt to reinstate several suspended accounts, one of which is former US President Donald Trump.

When a user asked about Jones returning, Musk said, “No.”

Since he lied about the 2012 Sandy Hook Elementary School shooting, Alex Jones has been in trouble for saying the tragedy was a hoax.

As a result, he must pay hundreds of millions of dollars in damages to the victims’ families.

The Twitter owner explained on Sunday, citing the Bible and his personal experience with Sudden Infant Death Syndrome.

“My firstborn child died in my arms. I felt his heartbeat,” Musk tweeted.

“I have no mercy for anyone who would use the deaths of children for gain, politics or fame.”

Read also: Jury settles for almost $1 billion compensation from Alex Jones for damaging the lives of Sandy Hook victims’ families

The response

The news of Alex Jones’ continued ban has caused a wave of reactions.

Some Twitter users praised Musk’s decision, while Jones’ staunch supporters denounced the Twitter owner for his inconsistent support of free speech principles.

Meanwhile, Alex Jones said he is okay with not returning to Twitter and listed other platforms he could use instead.

“Don’t blame Musk at the end of the day because he didn’t bring me back,” Jones told his supporters.

“I’m the most controversial figure in the world because I’m the most threatening to the new world order. So don’t expect him to bring me back on day one.”

Read also: Elon Musk will take more action on Twitter

Musk’s decisions

Twitter’s new owner’s decision regarding Jones was announced abruptly, leaving no room for debate.

However, this contradicted his actions toward Trump.

Musk’s decision was based on an unscientific poll on the platform; the results, he said, are the people’s will.

He also suggested that anti-Trump bots manipulated the poll during the voting period.

Additionally, his stance on Alex Jones strays from his pledge to wait to make any major decisions or restore accounts until a new Content Moderation Council is in place.

Elon Musk told a Twitter Spaces event that it could be months before the council meets for the first time.

Additionally, Musk’s new approach has raised questions about the rubric he will use to determine the future of a suspended account.

Users say it will be a decision matrix based on Musk’s personal beliefs rather than objective free speech principles or clear terms of service.


Twitter won’t restore Alex Jones’ account, Elon Musk says