News

“Get over your X” – Twitter fans blast Musk

Published

2 years ago

July 25, 2023

ticker NEWS

Elon Musk faced criticism on social media after announcing Twitter’s rebranding decision, replacing its iconic blue bird logo with a generic-looking “X” logo

The move, which took place suddenly, sparked humorous and sarcastic responses from users. Some poked fun at the resemblance of the new “X” logo to the close icon on a computer screen.

While some users were light-hearted in their remarks, others were more critical. Gary Black, co-founder of Future Fund and a noted Tesla supporter, questioned the logic behind the rebrand, expressing concern about losing the brand equity associated with the little blue bird. Musk’s decision was seen as another controversial move in his attempts to regain advertisers and reverse revenue losses since acquiring the platform.

The “X” rebranding comes amidst a significant challenge from Meta-owned Threads, a text-based social media app that has gained millions of users since its recent launch. Musk has been vocal about his vision for an all-encompassing “super app” like China’s WeChat, which offers various services, including payments and ride-sharing.

Twitter CEO Linda Yaccarino defended the rebrand, describing “X” as the future of unlimited interactivity, powered by AI, and transforming the global town square. However, Musk’s decision to rebrand Twitter had been hinted at for months, given his earlier statements about using the platform as an “accelerant to creating X, the everything app.”

Amidst the criticism, Musk seemed unfazed and even welcomed negative feedback, stating it was preferable to censorship. The future impact of this rebrand remains to be seen, as the social media landscape continues to evolve with new challenges and contenders.

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

16 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

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News

S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

20 hours ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.

News

Trump may accept Qatari jet as the new Air Force One

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

Published

2 days ago

May 13, 2025

ticker NEWS

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

The Trump administration is reportedly in talks with Qatar to use a royal aircraft as a potential temporary Air Force One.

The jet — owned by the Qatari royal family — would be retrofitted for presidential use and could be offered as a gift during Trump’s term, with the possibility of it being used again as part of his future presidential library.

While no final decision has been made, the deal raises logistical, diplomatic, and ethical questions around foreign gifts, presidential travel, and how Trump may symbolically separate himself from traditional norms.

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