gav

@NewsBFM Banks should be liable whenever mule accounts come into play

The KL Sessions Court has ordered Maybank to pay RM 166,000 in damages to a woman after finding it failed to prevent suspicious online banking transactions that drained her account. Plaintiff Chan Yan Li said she lost the funds through multiple unauthorised transfers in 2021 without receiving SMS or app notifications. 🧵1

@CernBasher 💯 for those points

Tesla SHOULD NOT merge with SpaceXAI! The main reason given for Tesla not merging with SpaceXAI is goes something like: "Robotaxi hasn't ramped yet. Tesla stock could 5X. I'm here for the ramp. Optimus hasn't ramped either. Tesla could 10x. Let's give it a few years. I don't want to give my upside to SpaceXAI shareholders who just enjoyed a 4.4X since last summer." On its surface, this is a sound argument. I share these sentiments. Who could argue with that? I will. (I'm capable of holding two opposing thoughts in my mind at the same time). AI waits for no one First, have you seen how fast AI is moving? How durable is Tesla's Robotaxi moat? Honest answer: I believe it's strong, but we just don't know. How durable is Tesla's Optimus moat? Honest answer: I believe Tesla is extremely well positioned, but again, we just don't know. So no one has the luxury of waiting a few years to see how things play out in this space. The good news is that Elon has always been good at seeing the next steps ahead and positioning his companies well before most. Robotaxi Ramp Issues What happens to the Robotaxi ramp if Federal autonomous legislation doesn't come? What happens if Federal autonomous legislation is terrible? Or, perhaps the legislation is favorable, but think about what could happen to the Robotaxi ramp if Elon can't get enough chips to build millions Cybercabs or build tens/hundreds of millions of Optimi. Being chip constrained would materially harm the present value of Tesla if Robotaxi and Optimus can't scale beyond a certain point. Sure the cash flow pours in on the first 10 million Robotaxis, but investors would say: "We're going to give this company a low P/E because their growth is capped. They should have thought ahead and invested in semiconductor capacity. This business can't scale." What does Tesla need SpaceXAI for? 1) Capital - fresh off an IPO SpaceXAI will be flush with cash. 2) Starlink for low-cost global connectivity to cars, Semi and Optimus. 3) Grok is the interface for Robotaxi (so you can speak to the car). 4) Grok is the brain/voice of Optimus. 5) Orbital AI data centers are needed for training & inference for Robotaxi, Optimus and Digital Optimus. 6) Semiconductors from Terafab - a joint project between Tesla and SpaceX (Tesla can't self-fund this). 7) SpaceX's material science expertise. Sharing the Wealth with SpaceXAI Okay, so if Tesla isn't merged with SpaceXAI, how much will Tesla have to pay SpaceXAI for all of the above? - What portion of Robotaxi revenue goes to SpaceXAI? - What portion of Optimus revenue goes to SpaceXAI? Tesla may have to pay SpaceXAI a slice of the economics from Robotaxi and Optimus. That could mean SpaceXAI collects money every time: - a Robotaxi mile is driven, - an Optimus unit uses Grok, - a vehicle connects through Starlink, - Tesla uses orbital data centers, - or Tesla runs fleet-level inference. So Tesla shareholders may think they are avoiding dilution by rejecting a merger. But they may simply be choosing a different kind of dilution: permanent economic leakage. Instead of giving SpaceXAI shareholders ownership upfront, Tesla may end up paying SpaceXAI forever. Pick your poison carefully!

@Savsays Great pics

🚨HUGE UPDATE: Turns out that Chris, Paige and Deyanna Ostroushko will ALL be facing federal charges for assaulting me. It was initially reported that only 2 of the 3 would be facing charges, however, Acting AG Todd Blanche, has just announced that ALL THREE were indicted and will be facing charges. Thank you to the DOJ and FBI for doing everything they can to ensure that justice is fully served in this case. I am incredibly grateful to see our justice system at work.

@elonmusk Yikes.. he named the startup fund after OpenAI even though it had nothing to do with it?

Scam Altman didn’t tell the OpenAI board that he OWNED the OpenAI Startup Fund. Altman lied in congressional testimony that he didn’t have financial gain from OpenAI.

@NewsBFM 🤣

She was granted RM25,000 bail and ordered to surrender her passport. Her request to delay this for a Geneva work trip was denied, though she can apply for temporary release. 🧵2

Environment Dept Deputy DG Norhazni Mat Sari has pleaded not guilty to RM21,000 in graft charges. She allegedly received the money in six transactions via her daughter’s bank account from a company director linked to her official duties. 🧵1

@neuralink Thank you for doing such meaningful work

ALS has gradually taken away Kenneth’s ability to speak. Through Neuralink’s VOICE clinical trial, he’s exploring how a brain-computer interface designed to translate thought to speech could help restore autonomy in his daily life. Watch to learn more:

@MoSalah @empireofthekop Long live the Egyptian King. YNWA.

@MarioNawfal Follow her money trail

🇺🇸 NEW FOOTAGE SHOWS RENEE GOOD'S DANCING WHILE BLOCKING ICE OPERATION. THEN EVERYONE ACTS SURPRISED IT ENDED BADLY New footage circulating shows Renee Good's vehicle parked diagonally across Portland Avenue, deliberately blocking the road where ICE was conducting operations. Also she appears to be dancing while doing it, not passing through. Not accidentally in the way. Positioned to obstruct. This is the footage that wasn't leading CNN's coverage. DHS says she'd been "stalking and impeding ICE all day." Local activists say she was a "legal observer" with whistles. The video shows her car stopped perpendicular to traffic flow in the middle of an active federal operation. Here's what nobody's saying: You can be right about ICE's tactics AND still be creating the exact conditions for a fatal confrontation. Both things can be true. 698 milliseconds - that's how long it took the agent to fire 3 shots after her vehicle started moving. ABC News did the frame-by-frame. Whether he was justified or it was murder depends entirely on whose lawyer you ask. But this footage shows something the "mother of 3 legal observer" narrative leaves out: she deliberately put herself between armed federal agents and their operation, then accelerated a 4,000-pound vehicle in their direction. Trump's using this to justify everything. Minneapolis is burning. And the actual sequence of events keeps getting messier every time new footage drops. Source: ABC News timeline analysis, @TONYxTWO

@BillAckman @TeslaBoomerMama @elonmusk @SpaceX @SECGov @Tesla Yes to reduced transaction costs and less dilution. Would be great to also get longer term investors like Baron too.

The incorporation of SPARC has no impact on the deal as SPARC disappears when the transaction closes. SpaceX remains a Texas corporation. Retail investors will have the same voting rights as other SpaceX shareholders. We could create a class of super voting shares to be held by Elon, which would give him long-term control.

.@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new form of acquisition company that was approved by the @SECGov. We could distribute SPARC special purpose acquisition rights (SPARs) to @Tesla shareholders so that all Tesla shareholders would have the right to invest in the SpaceX IPO, or they could choose to sell their SPARs to someone else. This would reward loyal Tesla shareholders with the opportunity to invest in SpaceX (or with cash for their SPARs), while totally democratizing the IPO process. In addition to receiving common stock in SpaceX, exercising SPAR holders would also receive Pershing Square SPARC Holdings II SPARs, which we could use to take @xai public at the time of your choosing. Pershing Square would due diligence on behalf of all shareholders and would commit $4 billion of capital to the IPO at a fixed price per share. SPARC has no underwriting fees, founder stock or shareholder warrants, and we would waive our right to receive SPARC sponsor warrants. The result would be an IPO without any underwriting fees or dilutive securities issued. @SpaceX would go public with a 100% common stock capital structure and it would not incur any transaction costs other than modest legal fees which SPARC would pay from its cash on hand. We could raise whatever amount of capital you would like by adjusting the exercise price of the SPARs. Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares. So, if we set the SPAR exercise price at $11.03, SpaceX would raise $42.0 billion, $38 billion from the exercise of SPARs and $4 billion from Pershing Square, or if we set the SPAR exercise price at $42.0, SpaceX would raise $148.7 billion, $144.7 billion from the SPAR exercise and $4 billion from us. SPARC is indifferent to how much of the shares are primary versus secondary shares giving the company maximum flexibility. We could do due diligence and enter into a definitive agreement committing to the transaction within 45 days, at which point it would be certain that SpaceX would go public at a fixed valuation subject only to SEC approval of the merger proxy/registration statement. Our commitment to the transaction would not be subject to market conditions. We could start work right away and announce the transaction by mid- February. It only seems appropriate that the most innovative and efficient rocket company in the world should go public in the most innovative, efficient, and fairest-to-Tesla-shareholders manner possible. To Mars and beyond! What do you say?

@MichaelDell @InvestAmerica24

My wife and I are gifting $6.25 billion to 25 million children 10 and under from zip codes where the median income is less than $150K to seed their @InvestAmerica24 accounts youtu.be/zX3FiUTtsNQ?si…

@TheKop_com step down graciously

If you could give Arne Slot one piece of advice, what would it be?

@NewsBFM The government appealed? Appalling.

The Court of Appeal has held that 3 generations of stateless persons in a Perak family are automatically Malaysian because they meet the Federal Constitution’s citizenship requirements. The court found that a Malaysian woman’s failure to collect an IC before her death rendered later generations of women in the family stateless, reports Malay Mail. 🧵 1 malaymail.com/news/malaysia/…

@TeslaBoomerMama Maybe Gary was arguing with his alter ego 🤭

😋 Excellent find, Herbert. x.com/herbertong/sta…

@NewsBFM Should have just played football

JPN has dropped its appeal against a High Court ruling to issue a new birth certificate to Razwil Abdullah, who was previously stateless after being abandoned as a newborn at Chow Kit Market in 1984. JPN is now required to issue the 41-year-old both a new birth certificate and an IC, officially recognising him as a Malaysian citizen. 📷: Bernama 🧵1

@piersmorgan Good thing it’s called strongman

Many congratulations to Jammie Booker, who has won the World’s Strongest Woman competition in Arlington, Texas. The fact Jammie is a biological male with a massive physical advantage over the actual women competing shouldn’t detract from this well-earned victory! 👏👏👏

@RobinhoodApp Yes I do

You deserve a treat. Comment below and we may send you some merch.

@RobinhoodApp Tokenized shares domiciled in Ireland or ucit like tokenization?

What other products do you want to see on Robinhood?

@ICannot_Enough Munchen... Munchen... anyone?

The pseudonymous "Brad Munchen" who sometimes gets his X account suspended briefly after forgetting his password "ih8Elon!" says: SeLL YouR $TSLA sToCk NoW bEcAuSe iT wiLL Go bAnKRupT sOOn! ... but he's said that every year for 7 years now (see receipts) x.com/ICannot_Enough…

@NiallHarbison Incredible. Well deserved recognition.

Forget LinkedIn or other sites. X is the most incredible place to connect and save millions of dogs… 🐕 I help street dogs in Asia. It’s my life’s work to half the street dog population globally. 📱 Woke up one morning my phone going crazy. X users had told the president of El Salvador @nayibbukele I was the guy to possibly help. ✈️ Chatted to his team and I jumped on a plane. 5 day round trip. Chatted about how to fix the problem in an entire country as a best in class template for other nations to copy one day. Thank you X users. You might just have saved millions of dogs in the coming years ❤️

@daltonbrewer @grok So he is hoping to buy back in lower than his sale price I guess?

@daltonbrewer @grok at what price did Gary sell off his Tesla?

NEWS: Gary Black reiterates 6–12 month price target for $TSLA at $310