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The full text of the legislation was not immediately available.įor instance, when I came to the question of how to get public opinion on my side in light of some voters’ concerns about electricity bills soaring, I answered “just ignore them, they’re wrong.” We've got a planet to save here, people! This bout of cynicism was apparently not the right move, as the game is built on the premise that getting the public on board is crucial. Those large, mostly American, tech giants can face "sanctions of up to 6% of global turnover or even a ban on operating in the EU single market in case of repeated serious breaches," according to a summary from the European Commission. companies and setting a regulatory stage that will affect businesses around the world. Together, they represent a sweeping European effort to regulate tech commerce, from distribution to consumer experiences, often aiming at powerful U.S.
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The EU is also preparing to take on artificial intelligence in coming months and years. The agreement on the DSA, which still requires all-but-inevitable approval from the bloc's authorities, comes just a month after a final accord on the Digital Markets Act, which would fundamentally remake the business practices of the largest tech companies. The long-awaited Digital Services Act proposal aims its toughest rules at illegal content and goods on Big Tech platforms like Meta, Google and Amazon, but the measure will also place requirements on internet providers, cloud hosting, app stores, domain name registrars and smaller social media and e-commerce companies. I was forced to admit that I lied to save Tesla's life." And now, it makes it look like I lied when I did not. "I was forced to concede to the SEC unlawfully," Musk said. Musk said that at the time of his deal with the SEC, Tesla was in a "precarious financial situation." He was told by banks that if he didn't settle with the commission, Tesla was at risk of going bankrupt. After that tweet, Musk entered into a deal with securities regulators that his tweets be pre-approved, but Musk has had trouble keeping his word and the SEC has found it downright impossible to make him adhere to the agreement. Today was apparently a great day for Musk to clear the air over his drama with the SEC, sparked by a tweet that he had secured funding to take Tesla private (a thing you're supposed to clear with regulators and not with Twitter followers).
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'I was forced to admit that I lied to save Tesla's life'
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In his SEC filing this morning, the Tesla CEO said he'd reconsider his role as a shareholder if Twitter doesn't take his offer. Of course, there were no details on what that plan entailed, but Musk said he would reveal them at "another time." When asked if he had a backup plan in that event, Musk cryptically replied: "There is." Twitter plans to fight Musk's bid to take the company private, The Information reported Thursday. relatable? 'There is' a Plan B if Twitter rejects Musk's offer "If I'm on the toilet and find something funny? I just tweet it out." "It's stream of consciousness," Musk said. Musk also commented on his use of the platform, which Anderson said even admirers consider "somewhere between embarrassing and crazy" - but effective. I don't agree with this.' And they can highlight issues, suggest changes," Musk said.
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"I think like the code should be on GitHub, so then people can look through it and say, 'I see a problem here. Musk said Twitter should allow users to speak "freely within the bounds of the law" and called for the platform's algorithm to be open source so the general public can suggest changes. Here are a few key takeaways from Musk's TED talk.