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Thanks, Musk: How are partners ever going to explain an $8/mo credit card charge...

 1 year ago
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Thanks, Musk: How are partners ever going to explain an $8/mo credit card charge for 'X Premium'

5 ways Elon Musk shook up Twitter as CEO
Kai Xiang Teo
Mon, August 7, 2023, 2:42 PM GMT+9·2 min read
Twitter X icon displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on August 6, 2023.
Twitter X icon displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on August 6, 2023.Jakub Porzycki/NurPhoto via Getty Images
  • An X user has gone viral after tweeting about their partner questioning an $8 "X Premium" credit card charge.

  • Partners aren't the only ones confused, Indonesia briefly banned X under its anti-porn laws.

  • Try explaining paying for "X Premium" to someone who hasn't been keeping up with the X/Twitter drama.

Twitter's rebrand to X has landed at least one user in hot water.

X user @anothercohen found himself on shaky ground when his partner questioned an $8 monthly charge for "X Premium."

On Sunday, Alex Cohen posted on X, formerly known as Twitter, a screenshot of the exchange, writing: "My wife just texted me this, I'm sleeping on the couch tonight."

The post has over 57,000 likes and has been viewed over 7 million times.

—Alex Cohen (@anothercohen) August 6, 2023

He's not alone in facing this awkward predicament.

Another user, @60404, posted a screenshot on Sunday that "X Premium'' had been flagged by his bank as a suspicious transaction.

—🕸 (@60404) August 6, 2023

This screenshot appears to show a message from his mother writing: "This is not what we gave you the credit card for. This is extremely inappropriate."

X Premium — previously known as Twitter Blue — is an $8/month subscription that allows you to edit tweets, craft longer posts, and be prioritized by other users' feeds. This subscription model replaced Twitter's old verification system and has drawn backlash from users who ridiculed and campaigned to block those who paid for Twitter Blue.

Though these X-related mixups have provoked online amusement, they've also created real-world consequences for X. The company's X.com domain was briefly blocked by Indonesia under its laws against porn and gambling, Insider previously reported.

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    Veritiv, the 19th-largest public company in Georgia, maintains its headquarters in Sandy Springs. The New York private equity firm that would acquire Veritiv has a portfolio that includes David's Bridal.

    5h ago
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    Tesla CFO Resigns and Stock Falls. Investors Recall Other Management Volatility.

    Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.

    2h ago
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    Bloomberg

    If Nvidia Is a Proxy for the AI Bubble, It’s Nearing Its Peak, Morgan Stanley Says

    (Bloomberg) -- The bubble in artificial intelligence stocks is nearing a peak, according to Morgan Stanley strategists, who point to the more than 200% rally by Nvidia Corp. this year.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against

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    Novo Nordisk (NVO) to Report Q2 Earnings: What's in the Cards?

    Novo Nordisk's (NVO) Diabetes and Obesity Care products are expected to have boosted sales in the second quarter of 2023 amid severe competition and pricing pressure in the United States.

    8h ago
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    Bloomberg

    Paytm Founder to Take Control From Ant Without Paying Cash

    (Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual transaction that will make the entrepreneur the company’s single biggest shareholder without paying any cash.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Exec

    12h ago
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    Investor's Business Daily

    Dow Jones Chip Giant Intel, 3 Other Top Stocks To Buy And Watch

    Dow Jones chip giant Intel, along with MercadoLibre and Lennar, are top stocks to buy and watch in today's stock market action.

    4h ago
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    Barrons.com

    Why Berkshire Hathaway Reports Earnings on Saturdays

    Berkshire Hathaway historically reports its quarterly financial results on weekends, and CEO Warren Buffet has a simple reason why. Berkshire (ticker: BRK.A, BRK.B) reported second-quarter earnings Saturday morning. Many other public companies, however, release their earnings results during the trading week, either before the market opens or after the closing bell.

    11h ago
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    Investor's Business Daily

    Li Auto Stock On Cusp Of Record High, Tesla Rival Eyes First $3 Billion Quarter

    Booming sales should boost Li Auto earnings but delivery outlook will be key. LI stock has more than doubled in 2023 and is on the verge of an all-time high.

    3h ago
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    Zacks

    Viatris (VTRS) Q2 Earnings and Revenues Beat Estimates

    Viatris (VTRS) delivered earnings and revenue surprises of 5.63% and 0.80%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

    11h ago
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    Reuters

    Gold slips as comments from US Fed governor dent sentiment

    Gold prices were on the backfoot on Monday after Federal Reserve Governor Michelle Bowman indicated that additional interest rate hikes would likely be needed to rein in inflation. Spot gold was down 0.3% at $1,936.44 per ounce by 03:28 p.m. EDT (1928 GMT). Bowman, in remarks prepared for delivery to a "Fed Listens" event in Atlanta that largely repeated comments she made to a banking group on Saturday, said she backed the latest interest rate increase because inflation remains too elevated.

    22h ago
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    The Wall Street Journal

    Pfizer’s Covid Boost Crashes to Earth

    With the company’s pandemic lift from the Covid-19 vaccine and drug sales over, Pfizer CEO Albert Bourla is betting on new drug approvals and deals.

    2d ago
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    The Wall Street Journal

    When Markets Get Scary, Mom and Pop Buy Gold

    Joe Susanno lost thousands of dollars from his retirement account betting on biotech shares in early 2021. Now the 44-year-old integration engineer from Gloucester, Mass., is putting his money into an investment whose value has held up over a longer run: gold coins. “Precious metals are kind of what just makes it so I can sleep at night, where I hold it and nobody can hurt me,” Susanno said.

    10h ago
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    Reuters

    Palantir raises revenue target on AI boost, announces share buyback

    (Reuters) -Palantir Technologies slightly raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion, banking on growing demand for its artificial intelligence platform. CEO Alexander Karp said the AI platform, launched in April, has users across over 100 organizations, including in the healthcare and automotive industry, and that Palantir was in talks with more than 300 additional companies. Palantir's share rose 3.5% in trading after the bell on Monday, following a 10% dip after the company said it expects full-year revenue above $2.21 billion, largely in-line with Refinitiv estimates.

    3h ago
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    Reuters

    Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut

    MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.

    8h ago
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    Zacks

    Bull of the Day: NVIDIA (NVDA)

    Shares have ramped, but analysts still underestimate the King of AI and its new paradigm

    14h ago
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    Reuters

    Tesla names insider Taneja CFO as Kirkhorn steps down

    (Reuters) -Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as a possible successor to CEO Elon Musk. Shares of the world's most valuable car company were down 1% in trading after the bell. Accounting head Vaibhav Taneja, who joined Tesla through the $2.6 billion deal for Solarcity in 2016, will replace Kirkhorn.

    10h ago
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    Investopedia

    Surging U.S. Corporate Bankruptcies Already Surpass Total for All 2022

    Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.

    13h ago
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    Benzinga

    Intel Opens New Chinese AI Chip Center Despite Biden's Concerns And Potential Dangers To US Security

    The United States and China are locked in an epic battle for artificial intelligence (AI) supremacy. While there's no way of knowing what the future holds, one thing is for sure: A surprise is around every corner. The most recent bombshell is Intel Corp.'s decision to open an innovation hub in China to help local technology startups grow. This development is happening despite the Biden administration's efforts to prevent China from developing potentially harmful technologies. Don't Miss: Billion

    6h ago

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