Elon Musk's decision to reinstate former President Trump's Twitter account doesn't make "any difference," given that Trump's posts on Truth Social tend to make their way to Twitter anyway, journalist Kara Swisher told CBS' "Face the Nation" Sunday.
Driving the news: Musk reinstated Trump's account on Saturday after initiating a Twitter poll on his own Twitter profile.
Elon Musk on Saturday reinstated former President Trump's Twitter account, three weeks after acquiring the social media company for $44 billion and shortly after millions of accounts voted in favor (52% of more than 15 million total votes) of the decision through a poll Musk posted Friday night.
In a tweet, Musk said, “The people have spoken. Trump will be reinstated.”
Why it matters: Trump used Twitter as his primary communication tool when running for president, and then while in office.
On Friday, LGBTQ+ dating app Grindr finally became a publicly traded company after it consummated its merger with Tiga Acquisition Corp. The stock made its debut on the New York Stock Exchange.
Why it matters: With new CEO George Arison at the helm, the company is attempting to do a lot at once: convince the public market that it’s a worthy investment, improve its image and grow its business.
I sat down with OnlyFans CEO Amrapali "Ami" Gan and chief strategy and operations officer Keily Blair at this week's startup conference Slush for an onstage panel on running a controversial business.
A few highlights from the conversation:
On trends since the height of the pandemic:
We’re continuing to grow as a platform. We’re continuing to grow in terms of number of creators who are joining, the number of fans, the number of countries ... so we’re not seeing any slowdown.
— Keily Blair
On fundraising/IPO plans:
We get approached pretty regularly by people who want to learn more about the business, are interested in working with us in some capacity... We’re happy being privately held, and we have no plans to make any moves of that sort... There were questions around the adult content that we have on our platform... If someone’s coming and reaching out to OnlyFans, they already know that we are known for our adult content, so that’s not exactly news.
— Ami Gan
On its 2021 U-turn on a proposed ban on adult content:
What that experience taught all of us at the business — and especially myself — was the power and voice of our creator community... Tim [Stokely], the former CEO, shared some information with the Financial Times [about banking policies]. Because we are able to offer a safe place — we have a lot of safety measures in place — and again, the power of the community was heard. That’s why we’re able to continue to be the most influencer-first platform.
— Ami Gan
On whether OnlyFans would ever have advertising:
No. We get asked that pretty regularly. It’s what’s best for the creators — we don't want to monetize their data.
— Ami Gan
1 growth thing: The company also announced that it now has 3 million creators on OnlyFans.
The Federal Reserve's campaign of interest rate increases has been kryptonite for the stock market this year. But another knock-on effect of rising rates is higher income on risk-free savings accounts — a welcome change for savers.
Why it matters: For the last dozen years or so, rates of return on saving have been quite low by historical standards. Interest on 1-year certificates of deposit were well below 1% most of the time.
Elon Musk dropped a 24-hour poll on his own Twitter feed Friday night asking whether or not to reinstate former President Trump to the social media platform.
Why it matters: Since he took over the company, there's been a lot of interest in whether or not Musk would allow Trump to return to Twitter after a nearly two-year absence.
The 2008 financial crisis was caused when a formerly boring industry — banking — got taken over by risk-seekers. Crypto was dominated by risk-seekers from the beginning, making the current implosion all but inevitable.
Why it matters: The bankruptcy of FTX has precipitated renewed calls for tougher and more effective regulation of the crypto markets, with the idea being that such regulation would make the industry safer and less risky.
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