A Twitter poll has urged billionaire Elon Musk to sell 10 percent of his stake in Tesla, in order to pay tax
Over 3.5 million users on Twitter voted in the poll which was launched by Musk himself on Saturday.
Nearly 58 percent voted in favour of Musk selling his shares.
Should he proceed and decide to sell his 10 percent stake in the EV company, it could see him dispose of around $21 billion worth of stock.
Elon Musk has stated he will abide by the result which is in response to the ‘billionaires tax’ which has been proposed by Democrats across the U.S.
Musk who’s one of the world’s richest men, has yet to comment publicly on the verdict, or how and when he would sell his stake
If he does decide to go ahead and sell, it could leave him with a huge tax bill.
When disposing of large share holdings, some chief executives use so-called “blind” sales programmes – which spread the sale over a long time period to avoid accusations of insider trading.
In an earlier tweet on Saturday, Mr Musk said he took no salary or bonuses from any of his companies – meaning he has no earnings on which to pay income tax.
Musk has made billions through a compensation package which enables him the power to exercise large amounts of stock options when the company meets performance targets.
It is thought the proposed tax on capital gains, whether or not assets have been sold, could hit about 700 billionaires across America.
Elon Musk is one of the most popular business leaders on Twitter, with nearly 63 million followers.
WhatsApp ramps up privacy features
WhatsApp ramps up privacy features to prevent subscriber loss
The world’s two billion plus WhatsApp users will soon have greater privacy controls with new platform changes on the way.
Meta boss, Mark Zuckerberg, announced the new WhatsApp updates in a Facebook post earlier this week.
Users will be able to make a stealthy exit from group conversations without the rest of the participants being notified.
Other changes include allowing users the ability to check messages without others knowing and controlling who sees when they are online.
These functions have been flagged as being rolled out to WhatsApp users over the next month.
Even more significant to user privacy is a function that is still under development.
Here, WhatsApp users can allow their messages to be viewed only once with an added screenshot blocking feature.
This will prevent other users saving their communication onto their phones for future reference.
The changes have been announced after Meta was scrutinised last year for their data sharing practices after an update of its Terms of Service.
Users were concerned over suggestions WhatsApp user data would be shared and utilised by parent company Meta.
WhatsApp has always boasted about the benefits of its end-to-end encryption preventing.
The news that WhatsApp planned to share user data more widely with Meta shook users’ faith in the platform.
As the third most popular social media platform, it seems Meta is keen to retain this market share by increasing its privacy features.
Some would say this is both to allay security fears and to prevent them from moving to other popular messaging apps such as Signal.
Why airline executives are being forced to face customers
As frustrated customers take their anger out on the remaining airport checkin staff, airline executives are being forced onto the front line to face customers.
The return of summer in Europe has been overshadowed by travel chaos, leaving passengers frustrated and often out of pocket.
Thousands of people have been left to battle airport queues that last hours, long delays and thousands of cancellations.
Airports and airlines face staff shortages forcing them to reduce the number of scheduled flights – often at short notice.
It’s a global problem, with airports and airlines rushing to hire back the thousands of positions they axed at the start of covid.
But how do you do it, and how long until things return to normal?
Facebook hands teen’s data to police for abortion charge
New reports reveal that Facebook has handed over data to police to help criminally punish a teenager for seeking to get an abortion
The tech giant turned Celeste Burgess’ Facebook message’s into the authorities, where she is being charged for “removing and abandoning a dead human body.”
The 17-year-old lives in Nebraska where abortion isn’t illegal, but the abortion happened via medication at 23 weeks.
Nebraska has a 20 week pregnancy cut off date, and the medication also warns against medical abortion past this time.
The teen’s mother is also facing 5 charges.
This comes amid widespread controversy after the historic Roe v Wade ruling was overturned in the United States.
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