Elon Musk has donated nearly $75mn to Donald Trump's reelection campaign.   Musk's political action committee, America Pac, has spent over $96mn supporting Trump.   Musk, who previously supported D...

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- Elon Musk has donated nearly $75mn to Donald Trump's re-election campaign. 
- Musk's political action committee, America Pac, has spent over $96mn supporting Trump. 
- Musk, who previously supported Democrats, has publicly endorsed Trump and joined him at rallies. 
- Musk has criticized the Biden-Harris administration and has become a vocal critic of 'woke' politics. 
- If Trump wins, he has pledged to appoint Musk to lead a commission to audit federal spending and regulations.

Source: [Financial Times](https://www.ft.com/content/5c6db362-80c2-41c0-b15c-a9dd57e6ab0d)

Elon Musk Donates $75mn to Trump's Presidential Campaign

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Elon Musk Donates $75mn to Trump's Presidential Campaign- Grapevine

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Elon Musk supports Trump

Product Manager

- **Elon Musk** announced a **$1 million daily giveaway** for signing his PAC's petition supporting the Constitution.
- The initiative aims to **mobilize voters** for **Donald Trump's** reelection, raising **legal concerns**.
- **Experts** argue the giveaway may **violate federal laws** by linking cash to voter registration.
- **Pennsylvania Governor Josh Shapiro** expressed **deep concern** over the legality of Musk's plan.
- The **America PAC** is focused on **battleground states**, with Musk contributing **$75 million** to support Trump.

Source: [Times Now News](https://www.timesnownews.com/world/us/us-news/buying-votes-literally-elon-musks-1-million-scheme-faces-tough-questions-article-114404947), [Hindustan Times](https://www.hindustantimes.com/world-news/us-news/elon-musks-daily-1-million-payouts-at-donald-trump-rally-draw-legal-scrutiny-101729444003870.html), [The Economic Times](https://economictimes.indiatimes.com/news/international/global-trends/1-million-for-every-us-voter-heres-why-worlds-richest-man-elon-musk-is-giving-away-money-to-voters-ahead-of-polls/articleshow/114400971.cms)

Elon Musk's $1M Voter Giveaway Sparks Legal Debate

Elon trolling Biden/Harris

Business Development Manager

- Nearly two years after Elon Musk's acquisition, X's business is still struggling to recover from the financial strain it fell into under his ownership.
- The $13 billion loan Musk used to buy Twitter has become the worst merger-finance deal for banks since the 2008-09 financial crisis, with banks unable to offload the debt without major losses.
- The loans have remained 'hung' on banks' balance sheets, leading to significant write-downs and impacting bank profits and compensation for merger departments.
- Despite hefty interest payments from the X loans, the banks face regulatory scrutiny and have scaled back on providing capital for other merger-finance deals.
- The banks are caught in a dilemma: they want to maintain good relations with Musk for future business opportunities but are struggling with the financial fallout from the Twitter deal. 

 Source: [WSJ](https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb?st=4b6hee8h35xa9dv&reflink=desktopwebshare_permalink)

Elon Musk's Twitter Takeover Becomes a Financial Burden for Banks

- **Elon Musk** is offering up to **$1 million daily** to people who sign his **pro-Trump petition**.
- The petition supports the **First and Second Amendments** and aims to gather **one million signatures**.
- Musk's offer is valid in **swing states** like Pennsylvania, Georgia, and Arizona.
- **America PAC** will verify all signers and referrers before payments.
- Federal law allows paying for petition signatures but not for voting or voter registration.

Source: [Outlook](https://www.outlookindia.com/international/elon-musk-pays-100-to-pennsylvania-voters-for-signing-pro-trump-petition), [The Economic Times](https://economictimes.indiatimes.com/news/international/world-news/elon-musk-promises-to-award-usd-1-million-each-day-to-pennsylvania-voters-who-sign-his-pro-trump-petition/videoshow/114390808.cms), [Hindustan Times](https://www.hindustantimes.com/world-news/us-news/elon-musk-awards-1-million-to-a-random-person-at-townhall-event-101729393506792.html), [The Times Of India](https://timesofindia.indiatimes.com/world/us/elon-musks-offer-to-pennsylvania-voters-1-million-every-day-to-those-who-sign-this-petition/articleshow/114388108.cms)

Musk's Million-Dollar Petition Push

- Silicon Valley, once a liberal stronghold, sees a growing number of tech investors supporting Trump for the 2024 election.
- Prominent figures like Elon Musk, Marc Andreessen, and Keith Rabois have publicly endorsed Trump, citing dissatisfaction with the Democratic Party's policies.
- The shift is driven by both ideological and commercial reasons, including opposition to Biden's tax plans and regulatory measures.
- Despite this trend, the majority of Big Tech leaders and donations still favor the Democratic Party.
- The support for Trump reflects broader national political divides and a strategic bet on his potential victory. 

 Source: FT

Silicon Valley's Shift: Tech Investors Rally Behind Trump

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Elon musk will donate 1B $ to Wikipedia

Lawyer

Twitter, now rebranded X, has been ordered to pay compensation to a former employee in an unfair dismissal case. The social media platform has been asked to pay 550,000 euros ( ₹5 crore approximately) to Gary Rooney, who was fired in December 2022 after hashtag Elon Musk’s takeover of the company.

Musk

Consultant

Can anyone explain what is happening and why it is such a big deal?

Some context - 
 Disney and apple are known to be pro left wing. These include ideologies around equality, feminism, LGBTQ rights etc which you can see in some of their shows/movies. 
  
 Elon Musk has centre - right ideologies. 
  
 Disney recently removed ads from X (Twitter) because Elons ideologies do not match theirs (an anti semantic tweet by Elon is the reason they gave for removing their ads) 
  
 Elon called them out in an interview that these companies try to "look good" in public but are actually "evil". These can be seen in some of their movies or cast where they say they promote feminism but are borderline Misandry. 
  
 Elons of the opinion that these companies use their Money and influence to force their ideologies onto people. 
  
 He said that the people can see what's happening will decide which side they are on. 
 Some of these people have cancelled their Disney plus subscription because they agree with Elon

Software Engineer

- Elon Musk's X is struggling to increase its subscription revenue, despite efforts to reduce dependence on ad revenue. 
- Since its 2021 launch, X has generated around $200 million in in-app purchase revenue across iOS and Android. 
- However, after app store commissions, the net revenue is estimated to be at least $140 million. 
- Despite the relaunch of Twitter Blue as X in December 2022, the service only brought in $11 million in mobile app subscriptions in the first three months. 
- X offers three subscription tiers, with the top in-app purchase being X Premium at $11 per month.

Source: [Techcrunch](https://techcrunch.com/2024/10/15/elon-musks-x-still-struggles-to-grow-subscription-revenue/)

Elon Musk's X Struggles to Boost Subscription Revenue

- Elon Musk's acquisition of Twitter, now rebranded as X, has shifted the platform's political stance, drawing criticism for promoting right-wing views.
- Musk's controversial posts and actions, including support for Donald Trump and inflammatory comments on UK riots, have sparked backlash from politicians and the public.
- Critics argue that Musk's control over X poses risks to democratic processes and international stability, while his supporters see him as a defender of free speech.
- The EU and US are grappling with how to regulate Musk's influence, with the EU threatening sanctions and the US facing legal limitations.
- Despite Musk's efforts, X's user base remains smaller than Meta's, and many liberals are migrating to alternative platforms like Threads. 

 Source: [Financial Times](https://www.ft.com/content/b2910e6f-d390-40ad-a896-e8ba9f9f9249)

Elon Musk's Political Influence on X: A Double-Edged Sword

- Cards Against Humanity (CAH) is suing SpaceX for $15 million for allegedly dumping construction equipment on CAH's private land in Texas.
- An email to 150,000 CAH donors claims Elon Musk's company damaged the land bought to protect it from Trump's border wall.
- CAH's complaint includes photos showing the land's transformation from a natural state to a construction site.
- SpaceX allegedly treated the land as its own for six months, leading to unsafe conditions.
- CAH vows to fight in court, promising donors a share of any winnings, though they acknowledge the odds are against them. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/20/cards-against-humanity-sues-elon-musks-spacex-for-trespassing/)

Musk Against Humanity? Cards Against Humanity Sues Elon Musk's SpaceX for Trespassing

- Ben Horowitz, co-founder of Andreessen Horowitz, pledges a 'significant donation' to Kamala Harris's presidential campaign. 
- This comes after Horowitz and Marc Andreessen initially backed Donald Trump, causing a stir in Silicon Valley. 
- The shift in support occurred after Joe Biden withdrew from the race, leading to Democratic support rallying behind Harris. 
- Despite this, Andreessen Horowitz continues to support Trump on certain issues, such as cryptocurrencies. 
- Horowitz's donation does not alter the firm's stance on Trump's specific policies.

Source: [Financial Times](https://www.ft.com/content/f0b5e15d-1b65-4924-bea6-a1c3c8870048)

Ben Horowitz Pledges 'Significant' Donation to Kamala Harris

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Fans of Elon Musk: What is it about him?

- Elon Musk and Donald Trump’s joint X Spaces event crashed Monday afternoon, scheduled for 5 pm PT but users received an error message.
- The message “This Space is not available” appeared on X when trying to join the highly anticipated conversation.
- The event, promoted by Trump and Musk, was supposed to mark Trump’s return to X and started at 5:42 pm PT instead of the scheduled 5 pm PT.
- Musk claimed a massive DDOS attack on X caused the crash, linking it to opposition against hearing Trump.
- This is not the first time an X Space has crashed during a political campaign; similar issues occurred during Ron DeSantis’s 2024 campaign announcement in May 2023. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/12/elon-musk-and-donald-trumps-x-spaces-crashes/)

Elon Musk and Donald Trump's X Spaces Event Crashes

Tune kya kar dala, mar gyi mai, mit gyi mai,
Hoho ji, Haan Haan  ji, ho gyi mai... KANGAAL

Tune kya kar dala

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ecXo chamber

According to an estimate research firm Sensor Tower shared with Bloomberg, advertising spending fell by 89 percent to $7.6 million during a two-month period earlier this year. Per Reuters, Twitter has annual interest payments of about $1.5 billion due to the debt the company took on when Musk took it private for $44 billion. This is the latest sign the aggressive cost-cutting measures Musk has undertaken in the last year have not been enough to put the company on solid financial footing.

In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in advertising revenue and heavy debt burden..

Elon Musk says Twitter’s ad revenue has dropped by 50 percent | Engadget

Elon Musk says Twitter’s ad revenue has dropped by 50 percent

Growth Manager

- Elon Musk revealed he was 'tricked' into consenting to puberty blockers for his child, blaming the 'woke mind virus' for figuratively killing his son.
- In an interview with Dr. Jordan Peterson, Musk described sex change procedures on children as 'evil' and vowed to destroy the ideology behind it.
- Musk shared that his son Xavier, now Vivian Jenna Wilson, transitioned during the COVID-19 pandemic, a period filled with confusion and misinformation.
- Musk criticized puberty blockers as 'sterilization drugs' and condemned the term 'gender affirming care' as a 'terrible euphemism.'
- Following California's new gender identity law, Musk announced SpaceX's headquarters will move from California to Texas, citing the law as the 'final straw.' 

 Source: Fox News

Elon Musk Donates $75mn to Trump's Presidential Campaign

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