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Elon Musk Proposes a Posting Fee For New X Users to Tackle Bots

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Elon Musk is reportedly planning to charge new X users a small fee to post on the platform, a move he believes would combat the proliferation of bots.

In a reply to a post on X, Musk tweeted that charging new users a small fee is the only way to mitigate the onslaught of bots on the platform.

He wrote,

“Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots. Current AI (and troll farms) can pass “are you a bot” with ease”.

He added that the onslaught of fake accounts also uses up the available namespace, which sees so many good handles taken as a result.

This statement by Musk suggests that X might be expanding its policy to charge new users to post on the platform.

In response to Musk’s proposition to charge new users a small fee, several users on the platform have faulted such a plan, with some stating that it is going kill the platform’s user base.

@Kinocopter wrote,

“This is stupid just require a phone number for new account signups. You already block VOIP numbers for Premium, so block them for new accounts too.”

@TweetyPS3 wrote,

“Again there are so much better ways than just saying “they have to pay” It’ll eventually be exploited, do new account restrictions and ban AI bot creators from getting a blue checkmark or have to pay for a gold checkmark and API access.”

@mirrorinspace wrote,

“Just charging the countries with the highest number of online scammers/spammers, first, will be the most efficient method. And again, effective AI to moderate X in the future would be a game changer for moderation all over the net.”

It is interesting to note that Musk has been battling with bots on X, since he acquired the microblogging platform (formerly Twitter) in October 2022 for a $44 billion deal.

Months after Elon Musk made a move to acquire X, the Tesla chief executive said that he was terminating the deal over the social media firm’s inability to provide him with accurate information about the number of fake accounts on the platform.

Musk stated that Twitter’s refusal to provide all the information he requested violated part of the deal’s agreement, as it is necessary for the company’s business performance.

After going ahead to acquire the company, Musk disclosed via a post that he would do everything possible to defeat the presence of spam bots or die trying.

Ever since, he has implemented several strategies to address the presence of Bots on the platform. In April 2023, Musk announced that only verified accounts would be eligible to be in “For You” recommendations.

This according to him is the only realistic way to address advanced AI bot swarms taking over. He added that voting in polls will require verification for the same reason.

Tesla Plans to Layoff 10% of Its Global Workforce Amid Sales Decline

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American multinational automotive and clean energy company Tesla has announced plans to lay off 10% of its workforce as it grapples with declining sales and an intensifying price war for electric vehicles (EVs).

In a company-wide memo, Tesla CEO Elon Musk noted that the layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year.

Musk further disclosed that as the company prepares for its next phase, it was crucial to examine areas where it could cut costs and increase productivity.

Part of the memo reads,

“Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth, there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally”.

Musk last announced a round of job cuts in 2022, after telling executives he had a “super bad feeling” about the economy. Still, Tesla’s headcount has risen from around 100,000 in late 2021 to over 140,000 in late 2023, according to filings with U.S. regulators.

Amidst Tesla’s recent layoff plans, two key executives at the company announced on X their departure from the company. Andrew Baglino, senior vice president of powertrain and energy engineering, wrote that he had made the decision to leave after 18 years with the company.

On the other hand, Rohan Patel, senior global director of public policy and business development, also wrote on X that he was leaving Tesla, after eight years.

Lately, Tesla has been facing a decline in sales, amidst a competitive EV market. The company shares have plunged significantly, down 31% year-to-date. In a report by Tekedia, Tesla reported worse-than-expected first-quarter earnings.

The company delivered about 387,000 vehicles over the first three months of the year, falling short of analysts expectation of 457,000. This marked a 9% decline compared to 423,000 deliveries recorded in Q1 2023, which happens to be the first worse-than-expected Q1 earnings since 2020.

This forced Tesla to slash the prices of its vehicles in a bid to boost sales. The EV giant recently trimmed the subscription price of its premium driver assistance system, marketed as its Full Self-Driving or FSD option, for U.S customers.

Also, several developments in China one of Tesla’s big markets, have negatively impacted the revenue of the automaker this year. The company announced steep price cuts in the Asian country in early January amid stiff competition, but it has however failed to see a sales boost. In February this year, deliveries in the country fell almost 20% year over year.

Meta to Temporarily Shutdown Threads in Turkey: Here is Why

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Meta, the parent company of Facebook, has announced plans to temporarily shut down Threads in Turkey to comply with an interim order of the Turkish Competition Authority (TCA).

This move by the tech giant is coming after the TCA recently issued an interim order prohibiting the sharing of data between Threads and Instagram.

The TCA alleged that upon investigation, META abused its dominant position by connecting Threads and Instagram applications. It added that META collects data from users who create Threads profiles based on their Instagram accounts without providing users with the option of consent. This was assessed that it would cause irreparable harm until the investigation was completed.

The TCA noted that within the framework of the current findings, it has decided to apply a temporary measure to prevent data merger behavior that may occur as a result of the data transfer mechanism between Instagram and Threads.

In December, Turkish regulators announced the investigation of the way Meta linked Threads with Instagram, concluding last month there was a strong case to answer for. In its provisional report, the TCA wrote:

•Since META has been operating in the market for many years, it has a comprehensive and detailed data accumulation.

• The size and diversity of META’s user base make META services attractive to advertisers.

• This situation allows META to allocate more resources for service development and makes it difficult for competitors to access advertisers and therefore financial resources, and in this context, META’s activities create an entry barrier in the market.

•In addition, META operates as an ecosystem with the basic services and related services it offers, and this enables META to transfer the power and knowledge it gains from each service to another service and increases its market power.

In response to these allegations, META disagreed with the interim order imposed by the TCA, alleging that the company has complied with all Turkish legal requirements, vowing to appeal the decision.

Meta wrote,

“The TCA recently issued an interim order prohibiting the sharing of data between Threads and Instagram. We disagree with the interim order, we believe we are in compliance with all Turkish legal requirements, and we will appeal. The TCA’s interim order leaves us with no choice but to temporarily shut down Threads in Türkiye. We will continue to constructively engage with the TCA and hope to bring Threads back to people in Türkiye as quickly as possible.”

Furthermore, META is reportedly taking steps to minimize any disruption as much as possible, which include;

  • Everyone using Threads in Türkiye will be notified of this decision within the Threads app before 29 April.
  • People using Threads in Türkiye can choose whether to deactivate but not delete their Threads profile or to delete their profile.
  • If a person chooses to deactivate their profile, then users’ posts and interactions with other people’s posts will become visible again if Threads returns to Türkiye.
  • People with deactivated profiles can download their posts and preserve their existing content through our Download Your Information tool at any time.

In the buildup to April 29, everyone using Threads in Turkey will receive a notification about the impending closure, and they will be given a choice to either delete or deactivate their profile.

Tekedia Capital Posts 10 Startups for April 2024 Investment Cycle

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Greetings! We are very happy to update that Tekedia Capital has published 10 startups for the current investment cycle. We have presented a highly diversified group across sector, geography, maturity phase, etc including Canadian, Benin Republic, Congo DRC, Nigerian, USA, etc, firms. We have three YC companies in the cohort.

Syndicate Members, on the link provided, you can go straight to see the companies. Once logged in with the membership email, the direct link is https://capital.tekedia.com/lesson/active/

We made a special video for each startup and also provided their respective pitch decks. Please keep all the startups confidential until we have invested. Also, there are some startups that have space constraints; so learning of your interest immediately will be appreciated. Email capital@tekedia.com.

More so, remember the Demo Day scheduled for April 27, 2024 at 4-6pm WAT; the Zoom link is in the Board when you login. All the startups will be live to present and take your questions.

For this Demo Day, please bring your investment friends, families, advisors and associates along; indeed, any person you consult with as you make investment decisions. The proceeding will be recorded and available in the board afterwards.

Have a great moment checking them and if you have any questions, please contact us. (If you have forgotten your password, email us for a temporary one or just go here to request a new one https://capital.tekedia.com/setup/.)


Tekedia Capital Team
Join capital.tekedia.com here
capital@tekedia.com

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