An hours-long crash of Amazon Web Services sparked a wave of tongue-in-cheek, apocalyptic memes Monday as social media users coped with the disruption of major sites and apps around the world. Posts on X, Reddit and more mocked the meltdown with viral images including Homer Simpson warning “The end is near,” the popular cartoon-dog meme…
Tesla CEO and owner of social media platform X, Elon Musk is making big changes at xAI. The Financial Times reported on Monday that Musk has named Anthony Armstrong, a former Morgan Stanley banker who advised him on the acquisition of X, as the new chief financial officer of his artificial intelligence group xAI. Armstrong…
The chief financial officer of Elon Musk’s xAI reportedly left the company after just a few months on the job – the latest in a series of high-profile executive exits that have thinned out its ranks. Mike Liberatore, a former executive at Airbnb, left the CFO post in July, the Wall Street Journal reported, citing…
Elon Musk and his social media company X Corp. have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay. Attorneys for X Corp. and the former Twitter employees reported the deal in a Wednesday court filing, in which both sides asked…
Elon Musk will bring back the defunct short-video platform Vine — only this time with an artificial intelligence twist that could transform how users create and share content online. The tech billionaire revealed Monday that his social media company X, formerly Twitter, found the full library of the six-second video app. “We recently found the…
Linda Yaccarino’s resignation from X as chief executive marked the end of a high-pressure — and at times emotional — two-year stint that insiders described as riddled with stress, conflict and power struggles, according to a report. At times, Yaccarino was reportedly tearful in the office, worn down by the overwhelming demands of working…
The European Union said on Thursday it was seeking more information from Elon Musk’s X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal. “We are following closely changes in the corporate structure of X, as we would changes in any other designated…
British laws restricting what the police can say about criminal cases are “not fit for the social media age,” a government committee said in a report released Monday in Britain that highlighted how unchecked misinformation stoked riots last summer. Violent disorder, fueled by the far right, affected several towns and cities for days after a…
Last December, I asked my students at Wharton to nominate and vote on topics for our final class. The runaway top choice was leadership lessons from Elon Musk. It’s become a hot topic among the corporate elite, too. At a recent leadership conference, the founder of a lucrative start-up said in passing that Mr. Musk…
Elon Musk’s close relationship with President Trump may well end up shielding him from the 32 continuing investigations, pending complaints or enforcement actions against his companies in the United States. But something else appears to be happening for Musk in Europe. My colleague Adam Satariano got the scoop last night that X, Musk’s social media…