The past weekend brought a mix of exciting and controversial news across the business and political landscape. Bitcoin‘s price trajectory continued to raise eyebrows, while Tesla Inc. TSLA faced backlash following CEO Elon Musk‘s controversial posts on X. The ripple effects of Musk’s comments even led to an advertising exodus from X by tech giant Apple Inc. AAPL and others. Meanwhile, OpenAI experienced internal upheaval, and tributes poured in for the late former First Lady Rosalynn Carter.
Bitcoin Aiming High
Despite a slight pullback to under $37,000, Bitcoin (BTC/USD) is expected to approach the $50,000 mark soon, according to Rachel Lin, CEO of SynFutures. The cryptocurrency market remains optimistic despite the Securities and Exchange Commission (SEC) delaying the much-awaited spot exchange-traded fund (ETF) approvals. Read the full article here.
Tesla Investor Switches Allegiance
Ross Gerber, the president and CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla bull, announced his intentions to switch from his Tesla Model Y to a Rivian vehicle next year. This decision comes in the wake of controversial posts by Tesla CEO Elon Musk on X. Read the full article here.
See Also: Elon Musk Stays Resilient As Apple Joins Ad Exodus From X
Ad Exodus from X
Major companies, including Apple Inc., Walt Disney DIS, Warner Bros. Discovery, and IBM, have withdrawn their advertisements from X following Elon Musk’s support for antisemitic conspiracy theories. Despite the backlash, Musk stands firm in his beliefs. Read the full article here.
OpenAI’s Unexpected Ouster
OpenAI co-founder and CEO Sam Altman was fired from the company, expressing shock and sadness over the decision. President Greg Brockman, who was dropped from the board, soon resigned following Altman’s ouster. Amid the chaos, CTO Mira Murati took up the role of interim CEO. Read the full article here.
Rosalynn Carter’s Legacy Commemorated
Tributes flowed in from across the political spectrum following the passing of former First Lady Rosalynn Carter. Notable figures, including former President Donald Trump and Melania Trump, acknowledged her extensive public service and charitable work. Read the full article here.
Photo via Shutterstock
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