The Time for Donald Trump to ‘Sail into the Sunset’: Musk vs. Trump on Twitter and in the Era of Social Media
Musk said he would let Donald Trump return to the platform, and he is expected to do so very soon. Depending on the timing, such a move could make a big difference in the upcoming US elections.
“I do think it was not correct to ban Donald Trump; I think that was a mistake,” Musk said at a conference in May, pledging to reverse the ban were he to become the company’s owner.
But relations between the pair seem to have soured since, with the men publicly trading barbs over the summer. After being called a “bullsh*t artist” by Trump at a rally in July, Musk responded by writing, “It’s time for Trump to hang up his hat and sail into the sunset.”
It is more than a utility that ties me to the site. The same approach is used in social media, with what is called an “intermittent reinforcement schedule.” Occasionally, it will appear at random intervals, and be compelling, but most of the time it is boring. Unpredictable rewards, as the behavioral psychologist B.F. Skinner found with his research on rats and pigeons, are particularly good at generating compulsive behavior.
It was not known if the engineers who sat around and said, ‘We are creating a Skinner box’ were actually the ones who designed it. That is basically what they’ve built, she said. It is one reason why people should know better how to self-destruct on the site.
Within weeks of the acquisition agreement, however, Musk began raising concerns about the prevalence of those same fake and spam accounts on Twitter and ultimately attempted to terminate the deal.
Musk has a mixed reputation in the tech industry, with his erratic and controversial history on the platform. He is undoubtedly one of the most ambitious and successful innovators and entrepreneurs of this era. He has courted controversy on his own micro-messaging site, where he has more than 100 million followers.
Musk also pledged to “defeat the spam bots or die trying,” referring to the fake and scam accounts that are often especially active in the replies to his tweets and those of others with large followings on the platform.
Twitter, Wall Street, and Wall Street: When Will Central Banks Stop Hiring Interest Rates? A Model for How Social Media Has Sentiments After the Capitol Riot
The parties were given a day to agree on a settlement or face a new trial.
There could be ripple effects across the social media landscape from such a move. During the January 6 Capitol riot, when it was the first to ban then- President Donald Trump, it was a model for how the industry handles problematic content.
“The long-term potential for Twitter, in my view, is an order of magnitude greater than its current value,” he said on Tesla’s earnings conference call last week.
CNN had a version of this story that was published in their newsletter. No, not a subscriber? You can sign up here. You can listen to an audio version of the newsletter by clicking the same link.
When will central banks stop raising interest rates? Wall Street analysts are wearing wrist braces because of a multi-trillion dollar question.
What’s happening: Last week, European Central Bank officials announced another massive three-quarters of a percentage point hike, increasing interest rates at the fastest pace in the history of the euro currency. The Federal Reserve is expected to raise rates this week for the fourth time in a row. The Bank of England could join the club on Thursday.
Goldman Sachs analysts wrote in a recent note that the market is too confident to think that the Fed will be paused early and rates will go up in Europe and the Antipodes. If the economy stays out of recession in the next few months, we think it will cause a more gradual but extended Fed cycle into 2023.
Across the globe, central bankers have shifted overnight borrowing rates higher in the hopes that they can cool the economy and temper rampant inflation by making it more expensive to borrow money. The impact so far has been weak.
The Eurozone’s annual rate of inflation hit a record 9.9% in September, up from 9.1% in August. Inflation was seen at 10.7% in a flash estimate released Monday.
Lagarde told reporters that policymakers were surprised by the rise in inflation. She believes that increases in retail energy prices can cause inflation to go up even more in the medium term.
There are signs that a slowdown is coming, but last quarter the US economy grew by 2.6%, which indicates that the economy isn’t softening yet. The Federal Reserve preferred measure of inflation shows that America is still dealing with elevated prices. Europe continues to grow, too.
“It is unlikely that we have seen the full effects on households and businesses of the latest rate increases we have implemented, and it would not be appropriate to continue moving rates up until inflation is back down to 2 percent.” She said, “But it’s also the case that based on Fed communications, financial conditions began to tighten prior to our first rate increase in March and those effects have been passing through to the economy.” We should increase rates further due to high inflation.
Because of a lag in data, central bankers can’t say if they’ve done enough. They risk inflation becoming more entrenched if they ease up on rate hikes too soon. If they over-correct, they will have to deal with a recession.
Wall Street tends to favour big events and the future of central bank policy may be more nuanced. To butcher T.S. Elliot: The tightening will end not with a bang, but a whimper.
Follow-Up of Matt Egan after he tweets about Covid-19 and the attacks on Paul Pelosi (@Adolf Hitler and Parag Agrawal)
Over the years, he has tweeted misleading claims about Covid-19 and made a baseless accusation that a man who helped rescue children from a cave in Thailand was a sexual predator. He has also tweeted a (since deleted) photo comparing Canadian Prime Minister Justin Trudeau to Adolf Hitler and has compared the now-ousted Twitter CEO Parag Agrawal to Joseph Stalin.
On Sunday, he gave credence to a conspiracy theory about the attack on Paul Pelosi by tweeting a link to an article full of baseless claims. He racked up over two hundred thousand likes and almost 30,000 followers after he deleted the piece of computer equipment.
The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward, reports my colleague Matt Egan.
Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, driving up pump prices just weeks before the midterm elections.
US lawmakers are threatening to ban weapons sales to Saudi Arabia and the Justice Department is going to file a lawsuit against the country for colluding in the election, which was unthinkable not long ago.
There could be huge ramifications for the world economy and international security if this relationship becomes a break-up.