• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: An earthquake warning has been issued in Mexico City.February 9th - Japanese Finance Minister Satsuki Katayama stated that she would communicate with financial markets on Monday, if necessary, to calm market sentiment as soon as possible. However, she also warned of the possibility of intervention in the yens exchange rate at any time. Katayama revealed that she maintains close contact with US Treasury Secretary Bessenter, sharing the responsibility of maintaining the stability of the dollar-yen exchange rate. She explained that Japan and the US have signed a memorandum of understanding stipulating that decisive measures can be taken against rapid fluctuations deviating from fundamentals, which certainly includes intervention. She reiterated that she is closely monitoring financial markets, while emphasizing her commitment to responsible fiscal policy and stressing the governments strong focus on fiscal sustainability and its desire to maintain it.February 9th - According to NHK, the ruling coalition of the Liberal Democratic Party and the Japan Restoration Party won a majority of seats in the House of Representatives election held on the 8th.Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.

Musk Asserts He Would Reverse Trump's Twitter Suspension

Charlie Brooks

May 11, 2022 10:17

T2.png


Elon Musk, a billionaire, stated on Tuesday that when he purchases the social media network, he will remove the ban on former U.S. President Donald Trump. This is the strongest indication yet of Musk's desire to reduce moderation on the site.


Musk, the world's wealthiest man and CEO of electric vehicle manufacturer Tesla (NASDAQ:TSLA) Inc, has signed a $44 billion agreement to acquire Twitter Inc. (NYSE:TWTR). He has described himself as a "absolutist of free speech," but has provided little specifics about his objectives.


Musk is anticipated to become Twitter's interim CEO following the closure of the purchase, Reuters earlier reported, citing a source with knowledge of the situation.


Even though Trump himself has stated that he will not return, the question of Trump's reinstatement has been viewed as a litmus test for Musk's commitment to change.


As with other U.S.-based social media companies, Twitter has banned a number of users for breaking its policies on disinformation and violence promotion.


Musk added, when speaking at a Financial Times conference, that he and Twitter co-founder Jack Dorsey believe permanent bans should be "very unusual" and reserved for accounts that operate bots or disseminate spam.


Musk stated that "wrong and terrible" tweets should be deleted or rendered inaccessible, and a temporary account suspension may be warranted. Permabans severely weaken trust in Twitter as a public forum where everyone may express their opinions, in my opinion.


Musk stated that the decision to ban Trump magnified Trump's ideas among political conservatives, and he referred to the ban as "morally reprehensible and utterly foolish."


The suspension of Trump's account, which had more than 88 million followers, silenced his major megaphone days before the end of his presidency and came after years of debate over whether social media companies should monitor the accounts of prominent world leaders.


Trump was permanently removed from Twitter immediately after the attack on the U.S. Capitol on January 6, 2021. Twitter based its decision on "the potential of additional incitement to violence"


Megan Squire, a senior fellow for data analytics at the Southern Poverty Law Center, stated that a permanent ban from mainstream networks, often known as de-platforming, has been an effective strategy for minimizing the reach of abusive messages and behaviors.


Musk has approved some restrictions, telling a European Union official on Monday that EU policy on policing unlawful content is "perfectly matched" with his own views.

"SHOULD BE EVERYWHERE"

Conservatives, who have accused San Francisco-based Twitter of bias against right-leaning viewpoints, are excited about Trump's potential return to the platform.


Musk's comments prompted Republican Senator Rick Scott to tell reporters that Trump "should be everywhere he can be." "Social media firms that restrict the capacity of users to communicate should not exist."


Senator Roy Blunt, a retiring establishment Republican, was one of a number of Republicans who stated they had no view regarding the potential of Trump's return to Twitter.


Blount remarked with a smirk, "However, I suspect that (Musk) has made a wise business move."


Democrats have stated that Trump's potential reinstatement would be a threat to democracy, although some Democrats are hopeful that Trump could rile up their base and increase voter turnout in the November midterm elections, when Democrats face formidable challenges in maintaining their congressional majorities.


Twitter was unwilling to comment. Trump earlier told Fox News that, if permitted, he would not return to Twitter. Truth Social, his own social media app, debuted on the Apple (NASDAQ:AAPL) app store in late February.


After a slow start on the new platform, Trump has stepped up his communication with his 2.7 million followers by posting approximately 50 times in the previous week. During his presidency, he averaged 18 tweets every day.


There was no quick response from a Trump representative.


Tuesday, White House press secretary Jen Psaki stated that the decision to ban Trump from Twitter was up to the corporation. She stated that the Biden administration wants online platforms to protect free expression and ensure they are not disinformation venues.


Musk stated during the conference that the acquisition of Twitter could be completed in two to three months in the "best-case scenario."


Earlier on Tuesday, Twitter's stock slid to a level indicating that the market deemed it improbable that Musk would complete the acquisition for $44 billion, as originally negotiated.


Musk's decision to acquire Twitter has alarmed some Tesla investors and weighed on the company's shares. Musk reiterated on Tuesday that he will remain at Tesla "as long as I am useful."