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TWTR

Elon Musk praised the Community Notes feature on his social media platform, X (formerly Twitter), as the 'best source of truth' after it flagged a post by President Joe Biden about inflation and the economy. The flagged post was shared by DogeDesigner, a graphic designer at Dogecoin. Musk has been a proponent of Community Notes as a tool against misinformation. The feature had previously come under scrutiny for erroneously flagging a video shared by Donald Trump Jr.

Portfolio Pulse from Ananya Gairola

December 04, 2023 | 4:48 am

TSLA

Elon Musk, CEO of Tesla Inc, reacted to a CGI video featuring a gun-wielding Optimus robot, stating 'We could make it real, but that would be scary.' The video was not real and was created by the YouTube channel SoKrispyMedia. Musk had previously shown appreciation for the video but later expressed concerns about making such a robot. Updates on the actual Tesla Optimus bot were not provided during the last earnings call, but Musk had mentioned in July that the first Tesla-designed Optimus would be walking by November and could be useful in Tesla factories sometime next year.

Portfolio Pulse from Anan Ashraf

December 04, 2023 | 3:16 am

AAPL

AMZN

DIS

IBM

WBD

WMT

Walmart Inc. (WMT) has joined other major companies in halting advertising on a platform (referred to as 'X' in the article) following Elon Musk's critical remarks. Kevin O'Leary, Chairman of O'Leary Ventures, also expressed skepticism about the platform's advertising effectiveness, choosing not to spend his $2 million monthly advertising budget there. Major companies like The Walt Disney Company (DIS), Warner Bros. Discovery, Inc. (WBD), International Business Machines Corporation (IBM), Apple Inc. (AAPL), and Amazon.Com, Inc. (AMZN) have paused or suspended campaigns on 'X'. The platform could face a $75 million downturn in ad revenue by year's end.

Portfolio Pulse from Nabaparna Bhattacharya

December 02, 2023 | 6:20 pm

TSLA

Reddit co-founder Alexis Ohanian was among the first to receive a Tesla Cybertruck at the delivery event on Nov. 30. Ohanian shared his excitement on social media, posting pictures and a live video of his first drive. Elon Musk responded positively to Ohanian's posts. Tesla delivered a few Cybertrucks at its Texas gigafactory, with the base model starting at $60,990 and the top-tier Cyberbeast at $99,990. Musk praised the Cybertruck as Tesla's best product.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 10:00 am

AAPL

DIS

META

PSHZF

Bill Ackman, through his hedge fund The Pershing Square Foundation, has disclosed a $10 million investment in Elon Musk's social media company, X. Ackman defended Musk's stance on free speech and criticized big advertisers like Apple, Disney, and Meta Platforms for boycotting X while supporting platforms with similar content issues. Ackman is not focused on profit from this investment and supports Musk's ownership of X, which is now seeking smaller advertisers to offset a significant loss in ad revenue.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 10:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) is celebrating Taylor Swift as its 'Artist of the Year' by hosting a free 'Taylor Swift Eras Experience' event in New York City on December 8 and 9. Fans can register on Apple's website for a chance to win tickets, with the registration ending on December 2. The event will not feature Swift herself but will celebrate her record-breaking Eras Tour and concert film, which have significantly impacted the economy and set new records.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 8:32 am

AAPL

DIS

IBM

META

Elon Musk's confrontation with major advertisers like Apple, Disney, and IBM has led to a significant shift in strategy for X, with the company now targeting small and medium businesses for advertising revenue. The boycott by these large companies, due to concerns over hate speech and Musk's controversial statements, is expected to result in a $75 million revenue loss for X. CEO Linda Yaccarino emphasizes X's commitment to free speech in response to the situation. Mark Cuban has also questioned the effectiveness of advertising on X.

Portfolio Pulse from Rounak Jain

December 02, 2023 | 4:55 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), responded to a CGI video by SoKrispyMedia showing Tesla bots conducting bulletproof testing on a Cybertruck. Musk suggested that the scenario could become a reality next year, sparking interest among Cybertruck and Tesla bot enthusiasts. During Tesla's last earnings call, Musk declined to provide updates on the humanoid robot, Optimus, but previously mentioned that it would be walking by November and could be useful in Tesla factories sometime next year.

Portfolio Pulse from Anan Ashraf

December 02, 2023 | 3:17 am

DIS

The Walt Disney Company (NYSE:DIS) faces potential backlash after suspending advertising on Twitter due to Elon Musk's interaction with an antisemitic post. Disney CEO Bob Iger defended the decision, while Musk criticized companies withdrawing ads. The controversy has led to trending calls to cancel Disney Plus and Hulu subscriptions, with a significant number of respondents in a poll indicating intent to cancel. This comes as Disney+ faces a December with fewer new releases and less holiday-themed content, which could impact Q1 streaming figures. Disney shares closed slightly lower on Friday.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:56 pm

DKNG

PDYPY

The article covers several sports betting highlights, including NCAA Football Championship odds at DraftKings (DKNG), NBA Rookie of the Year favorites with BetMGM odds, Shohei Ohtani's next team odds on DraftKings, and the potential impact of Taylor Swift's tour break on NFL betting lines for Travis Kelce. It also mentions significant bets placed and won, including a two-leg parlay on an NFL game, a 19-leg parlay on an NBA game, and a 12-game parlay with FanDuel (PDYPY), as well as a popular parlay that paid out $13.4 million.

Portfolio Pulse from Chris Katje

December 01, 2023 | 9:43 pm