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Elon Musk Announces Twitter Will Ban Impersonators

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Elon Musk Announces Twitter Will Ban Impersonators

Elon Musk announced Sunday that any Twitter account impersonating another would be permanently suspended.

Twitter issued the warning after some minor celebrities changed their Twitter display names and pretended to tweet as ‘Elon Musk’ in response to the decision to offer verified blue check accounts for $8 per month while terminating a large portion of the workforce.

“Any Twitter handles engaging in impersonating another person without clearly mentioning “parody” will be permanently suspended going forward,” Musk posted.

Twitter offered warnings before suspensions. Now that “blue check verification” is being implemented on the platform, “there will be no warning.”

Unter Twitter’s new guidelines, “any name change at all” would necessitate the temporary loss of a confirmed checkmark.

Kathy Griffin’s account was terminated on Sunday after she changed her screen name to Musk. She admitted to Bloomberg News that she had also used his profile photo.

“I suppose not all of the content moderators were fired?” “Lol,” Griffin laughed later on Mastodon, an alternative social media network where she had created an account.

Actress Valerie Bertinelli similarly used Musk’s screen name, tweeting in support of Democratic candidates on Saturday before reverting to her real identity. “Okey-dokey. “I had a good time, and I hope I made my point,” she tweeted.

Valerie Bertinelli noted the original purpose of the blue check before the prank was given away for free to those whose identities Twitter workers confirmed, with journalists making up a large share of the receivers.

“It just meant that your identification has been validated.” Scammers would have a more difficult time imitating you,” Bertinelli observed.

“That is no longer true. “Best of luck out there!” She continued.

Elon Musk Announces Twitter Will Ban Impersonators

Musk believes that the $8 verified accounts are his approach to democratizing the service. Users of Twitter who sign up for the new “Twitter Blue with verification” can obtain the blue check next to their names “exactly like the celebrities, companies, and politicians you currently follow,” according to a Twitter update for iOS devices featured on Apple’s app store on Saturday.

It stated that the new service would be available in the US, Canada, Australia, New Zealand, and the UK. As of Sunday, it was unavailable, and no timetable was provided.

Esther Crawford, a Twitter employee, told The Associated Press that it will be available “soon but not yet.”

On Sunday, Twitter did not respond to an email requesting comment on the verified accounts issue and Griffin’s suspension.

Musk later tweeted, “Twitter must become the most accurate global information source.” That is our goal.”

If the firm removes blue checks from current verified users — which has not happened — this might encourage disinformation on the platform during Tuesday’s midterm elections.

Following layoffs on Friday that affected roughly half of Twitter’s 7,500-employee workforce, some Twitter users, like Kathy Griffin, have already begun migrating away from the platform.

They say they are concerned that moderation and verification will result in a free-for-all of disinformation on the internet’s primary channel for accurate communications from government agencies and other institutions.

Elon Musk Announces Twitter Will Ban Impersonators

Many businesses have delayed advertising on the platform for fear of being subject to cancellation by the cancel culture that previously lived on Twitter.

In a Friday message, Yoel Roth, Twitter’s head of safety and integrity, attempted to allay such fears. He claimed that the employment reduction had the least impact on the company’s front-line content moderation team.

Musk said late Friday that there was no choice but to slash positions “when the firm is losing over $4 million per day.” He did not share specifics on Twitter’s daily losses, but he did say that employees who were let go were given three months’ pay as severance.

Now that Elon Musk controls Twitter Inc., a small but rising number of celebrities, actresses, and artists are leaving the social media platform, citing concerns about what it could become under Mr. Musk’s leadership.

These people say they can’t wait to see what improvements Mr. Musk brings. Of course, it remains to be seen whether these celebs will keep their promises to stay away from the platform, which has over 237 million members.

In a series of tweets this month, Mr. Musk stated that people who have been booted from Twitter for breaking the rules would not be let back until the firm has a clear process. He estimated that it would take at least a few weeks to implement.

Here is a WSJ list of some well-known people who have stated their intention to leave Twitter:

Elon Musk Announces Twitter Will Ban Impersonators

Sara Bareilles

The 42-year-old singer, known for hits such as “Brave” and “King of Anything,” announced on Twitter that she would see fans on other platforms.

“Welp. Twitter has been entertaining. “I’m out,” she tweeted, adding, “This one’s just not for me.”

Elon Musk Announces Twitter Will Ban ImpersonatorsToni Braxton

“I’m startled and dismayed at some of the ‘free speech I’ve witnessed on this platform since its acquisition,” said Ms. Braxton, a 55-year-old R&B performer best known for her song “Un-Break My Heart.”

“I am opting to stay off Twitter because it is no longer a safe platform for myself, my sons, and other POC,” she wrote on Twitter, referring to people of colour.

Elon Musk Announces Twitter Will Ban ImpersonatorsGigi Hadid

The 27-year-old model stated that she had cancelled her account, which had over 10.4 million followers. She stated that she did not believe Twitter was a secure environment for anyone.

“For a long time, but especially under its new leadership, it’s become a sewer of hate and prejudice,” she wrote in an Instagram message.

Elon Musk Announces Twitter Will Ban ImpersonatorsTéa Leoni

The actress, 56, is best known for her role in the CBS sitcom “Madam Secretary,” as well as other films and television shows.

“I’m leaving Twitter today—see, let’s where we are when the dust settles,” she tweeted. “Today’s dust has uncovered much too much hatred.”

Elon Musk Announces Twitter Will Ban ImpersonatorsBrian Koppelman

Mr. Koppelman, the showrunner of “Billions,” said his followers could find him on Instagram and TikTok in the days before Mr. Musk concluded his deal with Twitter.

Mr. Koppelman, 56, remarked on Twitter, “Gonna truly attempt to take a breather from here for a minute or a month come deal closure time.”

Elon Musk Announces Twitter Will Ban ImpersonatorsKen Olin

“Hey everyone—I’m out of here,” the 68-year-old actor and producer of shows such as “This Is Us” tweeted. “Let us maintain our faith. Let us defend our democracy.”

Elon Musk Announces Twitter Will Ban ImpersonatorsShonda Rhimes

“Not hanging around for whatever Elon has planned,” the 52-year-old showrunner and producer behind successful shows such as “Grey’s Anatomy” and “Scandal” posted on Twitter. Bye.”

Here are some notable persons that have stated that they are considering leaving Twitter:

Elon Musk Announces Twitter Will Ban ImpersonatorsJosh Gad

The 41-year-old actor, best known for his role as Olaf in “Frozen” films, said he was thinking about staying on Twitter but wasn’t sure.

“Hate speech intended to inspire harm (with no consequences),” he said on the platform.

Since then, he has frequently tweeted.

Elon Musk Announces Twitter Will Ban ImpersonatorsJohn Green

The 45-year-old novelist and YouTube sensation has joked that he wants to stop using Twitter but hasn’t been able to.

“Some of you may be wondering why I’m still on Twitter,” he wrote. “It’s because I follow a strict code of etiquette known as ‘The Brexit,’ which requires me to publicize my departure for at least a year before I leave.”

Elon Musk Announces Twitter Will Ban ImpersonatorsStephen King

The 75-year-old prolific author finds himself at the centre of Mr. Musk’s fight over charging a monthly fee for verified users.

“If that is implemented, I’m gone like Enron,” he tweeted. Mr. Musk said that his company needed to pay its expenses somehow. Mr. Musk later said that Twitter would implement the fee. Mr. King has remained active on Twitter since then.

Elon Musk Announces Twitter Will Ban ImpersonatorsWhoopi Goldberg

Whoopi Goldberg announced her departure from the app on Monday’s episode of “The View” while defining Musk’s first week at the company as “a catastrophe.”

“I’m leaving today because I just feel like it’s so messed up, and I’m weary of having certain sorts of attitudes blocked now that I’m back on.” So I’m going to go, and if things calm down sufficiently and I feel more at ease, I might return. But I’m done with Twitter as of tonight.”

Source: AP, VOR News

 

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Jacob Rothschild, Financier From A Family Banking Dynasty, Dies At 87

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LONDON ROTHSCHILD — his family announced that Jacob Rothschild, 87, a financier and philanthropist from the legendary Rothschild banking line, died on Monday.

Jacob began his career in 1963 at the family bank, NM Rothschild & Sons, before branching out to develop enterprises and charity organisations. His family paid tribute to him in a statement.

“Our father Jacob was a towering presence in many people’s lives, a superbly accomplished financier, a champion of the arts and culture, a devoted public servant, a passionate supporter of charitable causes in Israel and Jewish culture, a keen environmentalist and much-loved friend, father and grandfather,” a statement from his family stated.

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Jacob Rothschild, Financier From A Family Banking Dynasty, Dies At 87

“He will be buried in accordance with Jewish custom in a small family ceremony, and there will be a memorial at a later date to celebrate his life,” they continued, without revealing any other information.

According to last year’s Sunday Times Rich List, the Rothschild family is worth approximately 825 million pounds ($1 billion). It donates millions of pounds to Jewish interests, education, and art.

Former British Prime Minister Tony Blair was one of the political and cultural heavyweights who paid tribute to Rothschild. Blair lauded him as a “towering figure in Britain’s Jewish community” and praised his efforts to promote Middle East peace.

Jacob was born in Berkshire, west of London. He attended Eton College and studied history at Christ Church College, Oxford University.

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Jacob Rothschild, Financier From A Family Banking Dynasty, Dies At 87

After leaving the Rothschild Bank, he took over Rothschild Investment Trust, now RIT Capital Partners. He served as chairman of the business, one of the largest investment trusts on the London Stock Exchange, until 2019.

He also co-founded the then-J Rothschild Assurance Group, now St James’s Place, with Mark Weinberg in 1980 and served as deputy chairman of what was then BSkyB Television, among other duties.

In the cultural sector, he served as chairman of the National Gallery of London’s board of trustees and the National Lottery Heritage Fund.

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Jacob Rothschild, Financier From A Family Banking Dynasty, Dies At 87

The Rothschild Foundation, which manages the family’s former home, the country house Waddesdon Manor, announced that Jacob Rothschild’s daughter Hannah will follow him as chair.

Jacob was married to Serena for over 50 years until she died in 2019. They have four children (Hannah, Beth, Emily, and Nat) and several grandchildren.

SOURCE – (AP)

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Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

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Sony said on Tuesday that it will lose 900 jobs, or 8% of PlayStation’s global workforce.

According to a PlayStation news statement, Sony Interactive Entertainment’s layoffs will affect all regions, with its in-house London studio, which is responsible for the competitive singing video game “Singstar,” closing entirely.

“These are incredibly talented people who have contributed to our success, and we are very grateful,” said Jim Ryan, president and CEO of Sony Interactive Entertainment. “However, the industry has changed immensely, and we need to future ready ourselves to set the business up for what lies ahead.”

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Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

According to Bloomberg, the personnel cut comes after the business lowered its sales expectations for the year and Naomi Matsuouka, Sony’s senior vice president, stated that the PlayStation 5 console was nearing the end of its lifecycle.

Ryan stated in September that he would resign as president of Sony Group Corporation in March. Hiroki Totoki, the COO and CFO, will serve as interim CEO.

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Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

The incoming CEO will face an entire tech sector in turmoil, with industry giants laying off 5,500 staff in the first two weeks of 2024 alone.

Specifically, the video gaming industry has seen employment losses from 2023 into this year, with Epic Games slashing 830 workers last September and Tencent’s Riot Games laying off 11% of its workforce in January.

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Sony To Lay Off 900 At PlayStation As Tough Times For The Video Games Industry Persist

In his email to employees, Ryan echoed the leadership of those other game firms, saying, “We had to step back, look at our business holistically, and move forward focusing on the company’s long-term sustainability and delivering the best experiences possible for our community.”

Sony Group Corporation’s (SONY) stock declined less than 1% after the announcement on Tuesday.

SOURCE – (CNN)

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NASCAR Teams Have Hired A Top Antitrust Attorney In Their Revenue Dispute. Here’s What It Means

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The NASCAR season has begun, with 38 races to select another stock car racing champion in the 76th season of the main motorsports series in the United States.

There is a significant issue for NASCAR and its teams: negotiations on a new revenue-sharing plan have stalled. In mid-February, officials from five teams notified The Associated Press that they had recruited renowned antitrust sports lawyer Jeffrey Kessler as an adviser.

The action was a power play by the 15 teams with the 36 charters that ensured entry into every race, sending a message that they would not be intimidated in negotiations. Here’s what you need to know about this off-track battle worth millions:

Charters are comparable to NASCAR franchises, but the series can withdraw them at any time. The current market rate determines their worth, but the specifics are not publicised. Live Fast Motorsports reportedly paid $40 million for a charter that Spire Motorsports bought last year, a significant increase from the $6 million Spire Motorsports paid in 2018 when it became the first team to purchase a charter from another team.

NASCAR chose which teams were granted charters in 2016. Four charters have yet to be offered for sale and are being held by NASCAR for use if a fourth manufacturer joins the Cup Series.

The present pact expires after the season, and teams have been negotiating with NASCAR for two years to get a better deal, including making the charters permanent.

NASCAR stated it needed to finish a new media rights package first, and a new $7.7 billion broadcast rights agreement was revealed in December. NASCAR’s economic offer to the teams arrived shortly after that.

The five-person negotiation committee for the race teams told the Associated Press that NASCAR was clear: “We’ve been informed, ‘This is all there is; there is no flexibility.’ “That is not a negotiation,” said Curtis Polk, co-owner of 23XI Racing with Michael Jordan and Denny Hamlin.

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NASCAR’s Financial Health

NASCAR’s stability has ebbed and flowed for years, with significant emphasis on empty seats in the bleachers and viewing figures from season to season. The series has been through it all, and the TV contract is deemed significant.

According to a recent S&P Global Ratings report, NASCAR will continue to see strong growth in live attendance, sponsorship, and advertising-related revenue this year, and the new rights deal “provides good revenue visibility” until 2031.

The report also raised its credit rating for NASCAR, highlighting the series’ capacity to pay down debt while increasing revenue. This year, NASCAR’s earnings before interest, taxes, depreciation, and amortisation are expected to climb by 6% to 8%, according to Standard & Poor’s.

S&P also anticipates a positive cash flow of $135 million to $145 million, which could be lowered to $85 million following infrastructure repairs and utilised to reduce debt further.

Polk stated that the data demonstrates that NASCAR is financially solid and has had minimal difficulty repaying the almost $1.5 billion borrowed in 2019 to take its racetracks private.

“The rating agencies have upped NASCAR to a better rating based on the health of NASCAR,” Polk said in a statement. “NASCAR’s debt is now reduced to around $400 million. They repaid $1 billion in debt in less than five years.

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WHAT IS THE ISSUE?

The teams seek more than simply a bigger financial stake.

In addition to a rise in the proportion of the television rights deal, the teams want the charters to be permanent, as they are in other leagues. With so many of NASCAR’s top team owners in their 70s (Roger Penske turned 87 this week), they want their investments to be legacies for their families.

NASCAR has declined to contemplate making the charters permanent.

The teams also want to have a say in governance and foster a collaborative environment to generate new revenue prospects.

WHAT CAN TEAMS DO?
The teams are unaffiliated with NASCAR, which regulates the 38 races each year and provides payouts and cash from licencing, merchandise, and other sources. It also owns several top-tier tracks.

The teams wish to refrain from launching their breakaway series, noting CART’s downfall when Tony George removed the Indianapolis 500 and founded a competing league. Two open-wheel racing series could not be sustained. Thus, they merged in 2008 to form IndyCar. However, the damage had already been done: NASCAR bypassed what was formerly the leading US motorsports series during the split.

Currently, the teams do not intend to promote a race outside of NASCAR’s supervision. They want to strike a deal.

Teams could legally go on strike and cease turning up at the track, but it makes no financial sense, and NASCAR would most likely fill a field with teams from a stock car league it does not currently own.

Who is Jeffrey Kessler?
The attorney specialises in sports labour and antitrust conflicts. In 2021, he helped obtain a 9-0 victory at the United States Supreme Court in NCAA v. Alston, a significant issue on athlete remuneration. He also led the United States women’s soccer team in its winning fight for equal pay and lawsuits against the NBA and NFL’s current free agent rules.

Although employing Kessler could imply that the teams are considering litigation, the negotiating representatives said the attorney was hired to advise them during discussions.

The Race Team Alliance convened at Daytona International Speedway; NASCAR failed to attend, and the teams say NASCAR is no longer negotiating with them collectively. Instead, they feel NASCAR is attempting to communicate with teams individually to create division among what is now a unified front.

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WHAT IF A DEAL IS NOT ACHIEVED?

NASCAR could completely overhaul the eligibility system and develop its income distribution guidelines. NASCAR does not have a collective bargaining agreement for teams, and the RTA, founded to fight this struggle, is not a union.

The teams might file an antitrust lawsuit challenging NASCAR’s market dominance, arguing that NASCAR operates stock car racing as a monopoly.

But NASCAR has already won legal battles, including a 2009 case in which Kentucky Speedway failed to demonstrate that its refusal to host a Cup Series race constituted an illegal monopoly.

SOURCE – (AP)

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