Who is Elon Musk and what drives him?

The richest man on the planet, Elon Musk, used Tesla and SpaceX to revolutionise cars and rockets. Now, this restless entrepreneur has his eyes on other global problems. But who is Elon Musk and what drives him?

Twitter is on the Brink of Bankruptcy

When Elon Musk walked into Twitter's HQ with a kitchen sink, the tech world knew change was coming. But what exactly does this change entail? 

Explore the story behind Musk's Twitter takeover, the introduction of 'X', and what it could mean for the social media giant's future. Are we looking at a super-app revolution or is this just another marketing gimmick?

Threads vs. Twitter: Could Elon Musk’s App Be Replaced?

Twitter is facing new challengers that threaten to take over the platform’s position as the global town square. 

WSJ tech columnist Christopher Mims joins host Zoe Thomas to explain how the rise of Threads could make Twitter less relevant.

Meta's Threads vs. Twitter: What the Copycat Means for Elon Musk’s App

WSJ reporter Salvador Rodriguez joins host Zoe Thomas to explain why Meta could be Twitter’s biggest competitor.

Citadel Advantage News Digest - Issue #158

Read / Subscribe to the “Citadel Advantage News Digest” Issue #158 - In this edition -

• Green Loans: A Fast-Track Method to Be a Banking ESG Leader
• Cryptocurrency Exchanges, Regulation and Bank Runs: A Summary
• The whole point of money is to NOT know your customer - Chris Skinner's blog
• Just 8% of Americans have a positive view of cryptocurrencies now
• 'Bank of Twitter': Is Elon Musk Spitballing Or Could It Really Work?
• Why Crypto’s Crash Hasn’t Spilled Into Other Markets
• Elon Musk Is Hiring Relatives at Twitter in Literal Nepotism

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Check it out HERE

Working for Elon Musk: Ex-Employees Reveal His Management Strategy

“He has never said this, but I’ve watched it. You have 30 seconds to make your point.” 

What Elon Musk has been doing at Twitter since he took over the company isn’t new – he’s used the same management strategies when he took over Tesla and when he founded SpaceX. 

The Wall Street Journal spoke with three former employees to better understand Musk’s management playbook.

Why Tesla’s China Ties Could Be a Problem for Elon Musk’s Twitter

Elon Musk’s new ownership of Twitter could be affected by the ties one of his other companies, Tesla, has to China. The electric-vehicle company sources materials and builds and sells its cars there. But Beijing is often sensitive about what is said about it on social media. Could this affect Mr. Musk’s plans for content moderation on Twitter? WSJ Heard on the Street Europe Editor Stephen Wilmot joins host Zoe Thomas to discuss.

Read the latest Edition (#129) of the Citadel Advantage News Digest

NEWS about Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Read the newsletter HERE

In this edition;

• With or without Elon Musk, Twitter is overdue a shake-up
• Crypto market crash: Layoffs, bankruptcies and frozen accounts
• What to do now about tomorrow’s code-cracking computers
• Credit Suisse: what next for the crisis-hit bank?
• Battle for Credit Cards Waged With Innovation and Sheer Marketing Muscle
• How Can Password-Free Identity Verification Safeguard User Privacy?
• Major Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan
• The real value in relationship-focused pricing decisions
• 5 Ways Community Banks & Credit Unions Can Compete in Credit Cards
• Visualized: How Bonds Help Reduce Bear Market Risk
• The Gap Between Products Banks Offer & What Consumers Really Need
• WaaS for Finance: How Banks and Retailers Can Leverage Wallet-as-a-Service?
• Banks Struggle to Provide Personalized Engagement: Here's Why

You can read/subscribe to the newsletter HERE

Tesla CEO Elon Musk on Trump, Twitter, Job Cuts, Recession Risks

Tesla Inc. CEO Elon Musk discusses his planned acquisition of Twitter Inc., his view that a US recession is likely, and the outlook for job cuts at Tesla. In an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum, he also comments on supply constraints and whether he would support Donald Trump in the next US presidential election.

How Elon Musk Plans to Change Twitter

Twitter will become a private company if Elon Musk’s $44 billion takeover bid is approved. The move would allow Musk to make changes to the site. WSJ’s Dan Gallagher explains Musk’s proposed changes and the challenges he might face enacting them.

What happens in a single minute on the Internet?

Royal Bank of Scotland’s payments problem

From Bob’s Guide –

“RBS recently experienced a banking glitch meaning that 600,000 delayed banking payments did not show up in customer accounts. The outage affected customers across all four of its brands: NatWest, RBS, Ulster Bank and Coutts. This isn’t the first time RBS has fallen foul of technical problems; it’s actually the fifth time in three years. The IT glitch continues to have repercussions with customers now claiming they can’t switch their accounts away from RBS as a result.

Spokespeople for the bank urged concerned customers to get in touch via their local branch or through a call centre, but it was Twitter that was bombarded with angry tweets from customers:

• @KrisScally1: 2 days in a row that money has not went into my account @RBS_Help should give everyone affected a good will gesture #skint
• @NickiDaldry: @RBS_Help can't wait to tell my kids when they get home from school, we can't spend any money at the school fair because We've not been paid.”

Read more>>

Barclays Bank launches Twitter payments

From Biz Report -

“Banks are fighting off competition from digital payment providers such as PayPal by slowly adopting their own digital banking processes. Barclays Bank in the UK has joined with Twitter to become the first in the country to allow payments via Twitter.

Within the next month, Barclays Bank will launch a mobile payment method, available to both iOS and Android users, allowing transactions between individuals and small businesses through Twitter. Around 80% of Twitter users in the UK now access the social network via their mobile device.”

Read more>> 

An analysis of more than a million Bitcoin tweets. Here’s what that looks like

From Gigaom

“Derrik Harris writes ‘I recently got my hands on more than 1.3 million tweets, all mentioning bitcoin or creator Satoshi Nakamoto, spanning the entire month of February 2014. My goal was to get a sense of who’s actually interested in bitcoin (enough to tweet about it, at least) and to see how activity on Twitter tracked with big news stories".

Here’s what he found.

read more>>

Is This What Twitter Commerce Will Look Like?

From Re/code

“Twitter is getting serious about commerce on its service. So much so that it looks as though soon you’ll be able to buy goods for sale directly from a tweet.

The microblogging service is close to finalizing a deal with payment services company Stripe, which would likely handle the back-end processing for making purchases on Twitter.

As for the front end: Twitter looks likely to partner with at least one online commerce site, Fancy.com, which will let users purchase products inside the Twitter app and website, according to documentation discovered by Re/code. It is part of a new program called Twitter Commerce, according to these documents.”

read more>>

Online Firms Blast NSA's Tactics

From BankInfoSecurity

“A letter from eight prominent online companies to President Obama and Congress calls for reform of government surveillance programs, outlining concerns about the way the National Security Agency monitors online and telephone communications.

The companies - AOL, Apple, Facebook, Google, LinkedIn, Microsoft, Twitter and Yahoo - sent the letter this week, urging the federal government to institute reforms that ensure government surveillance efforts are clearly restricted by law, proportionate to the risks, transparent and subject to independent oversight.

"The tech giants' message couldn't be any clearer or more welcome - the government's massive spying authorities must be reined in immediately," says Michelle Richardson, legislative counsel at the American Civil Liberties Union's Washington legislative office. "Widespread support for reform will only continue to grow until Congress and the administration deal with out-of-control spying head on by prohibiting indiscriminate surveillance."

Fueling concerns about NSA activities are what seem to be never-ending leaks from former NSA contractor Edward Snowden. Among the latest was a Dec. 4 Washington Post report that the agency is gathering nearly 5 billion records a day on the whereabouts of cellphones around the world, which allows it to track the movements of individuals - and map their relationships - in ways that would have been previously unimaginable.”

read more>>

Ticker-tape machine prints tweets, not stock prices

A British Web developer has built his own steampunk ticker-tape machine which prints out tweets instead of stock prices.

What we are reading … 2nd April 2013

New City watchdog to trawl Twitter for bad bank behaviour http://dld.bz/cubph

Why Banks Love Debit Cards Again http://ti.me/14y7rm8

Tablet Banking Forecast 2013-2017 http://dld.bz/cubpd

Small Businesses Prefer Traditional Banking And Still Rely Heavily On Branches http://bit.ly/14xpn06

U.S. Banks Fighting ATM Malware http://www.fastcompany.com/node/3007608

Snap happy mobile banking customers deposit checks via photos http://dld.bz/cubnE

What we are reading … 25th February 2013

Retailer Credit Card - possible engine of growth for banks http://dld.bz/cjP5p

The One Thing Banks Should Never Do on Facebook and Twitter http://dld.bz/cjP26

BYOD and the Consumerization of IT http://shar.es/YPada

10 Mobile Payment Systems from the Cell Phone Stone Age http://dld.bz/cjDnk

Operational Risk Management...: IO Convergence: Cyber Warfare Unified Taxonomy... http://shar.es/YFjQ0

New Wells Fargo ATMs Can Predict What People Want http://bit.ly/YAZGVU

Unavoidable: 62 percent of companies to allow BYOD by year's end http://dld.bz/cjDe3

AmEx lets users tweet to purchase

American Express is enabling customers to sync cards with their Twitter accounts and then make select purchases by tweeting hashtags.

Using its Card Sync technology, AmEx is offering certain cardholders the option to link their plastic to their Twitter account to buy the firm's gift cards and products from Amazon, Sony, Urban Zen and Xbox 360.

To make a purchase, customers tweet special hashtags - which they find by following AmEx's account - and then retweet a confirmation tweet. The product is then automatically shipped to their billing address.