Unexpectedly sweeping tariffs implemented by President Trump, despite prior assurances from advisors like Treasury Secretary Scott Bessent, have sparked a significant backlash. Concerns voiced by prominent figures such as investor Joe Lonsdale highlight the detrimental impact on American industries, particularly manufacturing, due to flawed tariff implementation. This has led to considerable pressure on administration officials, including Vice President Vance and Elon Musk, to advocate for policy adjustments. The negative economic consequences are already evident, with Tesla’s stock price plummeting over 38% this year, reflecting broader market anxieties.
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A three-day stock market plunge, triggered by new tariffs, wiped out $172 billion from the fortunes of the world’s ten richest individuals. This downturn adds to the over $350 billion already lost by this group in 2025. Elon Musk experienced the largest individual loss, shedding $135 billion, while Warren Buffett remained the only member to see an increase in net worth this year. The market volatility significantly impacted the valuations of major tech companies and luxury goods conglomerates, contributing to the substantial wealth decrease.
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Musk’s DOGE using AI to snoop on U.S. federal workers, sources say – that’s a pretty alarming headline, isn’t it? It paints a picture of widespread surveillance, utilizing advanced AI technology to monitor the communications of government employees. The alleged target isn’t just any communication; it’s specifically focused on identifying sentiments considered hostile towards a particular political figure and their agenda.
This isn’t your typical workplace monitoring aimed at ensuring productivity. The scale and intent here are vastly different. We’re talking about a potential chilling effect on free speech within a federal agency, a situation where employees might self-censor their thoughts and opinions for fear of repercussions.… Continue reading
An “anti-fraud upgrade” implemented by Elon Musk’s DOGE group caused a major outage on the Social Security Administration website, preventing millions from accessing vital benefits and services. The crash, stemming from inadequate testing of the upgrade, resulted in widespread inability to access accounts and information, exacerbating existing concerns about delayed payments and system malfunctions. This incident follows mass layoffs within the agency and ongoing legal challenges to DOGE’s actions, highlighting significant disruptions to the Social Security system under the current administration. The outage underscores the severe consequences of poorly implemented technological changes impacting vulnerable populations reliant on these services.
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Following recent Turkish protests, the government has aggressively censored social media, issuing numerous takedown orders and fining companies like Meta for non-compliance. Elon Musk’s X platform has been subject to these orders, suspending hundreds of accounts including that of prominent journalist Can Dündar. While X has challenged some government orders in Turkey’s Constitutional Court, its response to the current wave of censorship contrasts sharply with Musk’s past outspoken criticism of European political figures and policies. The company has not publicly clarified the extent of its ongoing legal challenges to Turkish government censorship.
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Despite Commerce Secretary Howard Lutnick’s recent recommendation to buy Tesla stock, believing it to be undervalued, shares have fallen 10 percent to a new low of $214.80. This significant drop follows a 40 percent decline year-to-date, fueled by concerns about Tesla’s market competition and Elon Musk’s controversial actions. Lutnick’s public endorsement of the stock has raised ethical questions, particularly given his position and Musk’s ties to the administration. The situation has further intensified with criticism from Bill Ackman, who accused Lutnick of benefiting from economic downturn.
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Robert Habeck, Germany’s economy minister, criticized Elon Musk’s proposal for zero US-Europe tariffs, viewing it as a panicked reaction to President Trump’s recently imposed tariffs. Habeck argued that Musk’s suggestion is a sign of weakness stemming from the ensuing economic turmoil, urging Musk to address Trump directly before discussing tariff reduction. Trump’s tariffs triggered significant market drops, with the S&P 500 plunging 10% in two days and the Nasdaq 100 entering a bear market. International responses to the tariffs range from retaliatory measures by China and Canada to a more measured approach from the UK and Australia, underscoring the escalating global trade tensions.
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SpaceX, United Launch Services, and Blue Origin secured multibillion-dollar contracts from the U.S. Space Force for national security satellite launches. SpaceX received the largest share, totaling approximately $5.92 billion, while United Launch Services and Blue Origin secured $5.37 billion and $2.39 billion, respectively. These contracts, supporting roughly 50 missions through 2029, come amidst significant Pentagon budget cuts spearheaded by the Department of Government Efficiency (DOGE). The awarding of these contracts to SpaceX, despite broader budget cuts, has raised concerns about potential conflicts of interest given Elon Musk’s involvement in DOGE and his substantial campaign donations.
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X, formerly Twitter, is implementing stricter rules for parody accounts starting April 10th. These changes require parody accounts to include “fake” or “parody” at the beginning of their usernames and to use profile pictures different from the person or entity they are parodying. The platform aims to reduce user confusion and the risk of impersonation, a move prompted by numerous complaints and concerns about misleading accounts. This update applies to fan and commentary accounts as well, impacting even widely followed parody accounts.
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Elon Musk’s recent criticism of Trump administration officials, particularly regarding the president’s tariffs, signals a growing distance between the two. Musk, who has reportedly lost billions due to the tariffs’ impact on global markets, advocates for a “zero tariff situation” between the U.S. and Europe. Despite Trump’s continued defense of the tariffs and reported desire to keep Musk involved in the White House, Musk’s public dissent highlights a significant policy disagreement. This divergence comes amidst ongoing protests against both Musk and the Trump administration.
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