Elon Musk Wants to Build a Digital Town Square. But His Debut for DeSantis Had a Tech Failure.

FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023.  REUTERS/Jonathan Ernst
FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023. REUTERS/Jonathan Ernst
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Elon Musk Wants to Build a Digital Town Square. But His Debut for DeSantis Had a Tech Failure.

FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023.  REUTERS/Jonathan Ernst
FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, US January 27, 2023. REUTERS/Jonathan Ernst

Elon Musk wants to turn Twitter into a “digital town square,” but his much-publicized Twitter Spaces kickoff event, with Florida Gov. Ron DeSantis announcing his run for president, struggled with technical glitches and a near half-hour delay Tuesday.

The billionaire Twitter owner said the problems were due to “straining” servers because so many people were trying to listen to the audio-only event. But even at their highest, the number of listeners listed topped out at around 420,000, far from the millions of viewers that televised presidential announcements attract, The Associated Press.

“There’s so many people,” said host David Sacks amid the disruptions. “We’ve got so many people here that we are kind of melting the servers, which is a good sign.”

After it concluded without further disruptions, Musk, DeSantis and Sacks played off the event as a success, with Sacks quipping “it's not how you start, it's how you finish — and we finished really strong."

Musk a day earlier dubbed the event a historic first for Twitter, saying it would be “the first time something like this is happening on social media.” The webcast was scheduled to start at 6 p.m. ET but nearly 30 minutes passed with users getting kicked off, hearing microphone feedback and enduring other technical problems before it finally began. The audience remained under 500,000.

DeSantis opponents had a field day with the delayed announcement.

"Glitchy. Tech issues. Uncomfortable silences. A complete failure to launch. And that’s just the candidate!” said Steven Cheung, a spokesperson for former President and current candidate Donald Trump.

Rep. Alexandria Ocasio-Cortez, a Democrat from New York, tweeted, “We had more people join when I played Among Us,” referencing the popular video game.

Twitter has suffered a host of technical issues since Musk took over and fired or laid off roughly 80% of its staff — including engineers tasked with keeping the site running. A day before the DeSantis event, speaking at The Wall Street Journal’s CEO Council Summit in London, Musk expressed confidence about Twitter's future and said he is “going to start adding people to the company” but gave no further details.

Musk bought Twitter last fall for $44 billion. Since then, he has upended the platform's verification system, loosened its content moderation policies in line with his views as a “free speech absolutist,” spread misinformation and engaged with far-right figures, all the while working to attract jittery advertisers back to the platform to turn it profitable. His grand vision, he has said repeatedly, is to eventually turn Twitter into an “ everything app ” for everyone — a digital town square where people can hear from world leaders and politicians without the need for traditional media as a go-between.

But he seems to mainly be courting conservatives and Republicans lately, referring to Democrats and liberals as infected by the “woke mind virus” and reinstating extremist accounts that were banned by Twitter's previous administration.

Wednesday's campaign launch event with DeSantis continued the trend — though it remains to be seen whether the platform can become a go-to destination for mainstream politicians when it continues to show evidence of instability. For instance, the word “DeSaster” was trending on Twitter Wednesday evening as users mocked the botched campaign launch.

In the world of traditional media and politics, a glitchy half-hour delay and an audience in the hundreds of thousands rather than millions, Wednesday's Twitter Spaces event might look like a failure. But in Silicon Valley, failure is often spun as positive, even essential in developing new products and improving existing ones. Twitter Spaces — which Twitter launched in 2020 to compete with the then-popular audio chat site Clubhouse — is generally not used for audiences in the hundreds of thousands, so in some ways it was not a surprise that the event was marred with technical problems.

“It's much worse for DeSantis than it is for Musk,” said Jo-Ellen Pozner, a business professor at Santa Clara University, noting that just a month ago Musk's SpaceX launched a rocket that exploded minutes after its launch from Texas. After the explosion, Musk called it “an exciting test launch of Starship! Learned a lot for next test launch in a few months" in a tweet.

“It is clearly a difficult situation for DeSantis, who wants to project competence, who wants to forestall criticism,” she said. “Musk has an easier out by just saying that ‘this was the first time we tried it, it didn’t work out perfectly, but next time we’ll do much better,’ in the classic Silicon Valley approach to failing fast and learning more.”

Pozner said it remains an “open question” how Twitter is going to be valued as a broad digital platform down the line.

“I think will depend on, you know, how he and the top management react to this and how they spin it,” she said.

After DeSantis logged off, Musk and Sacks extended an open invitation to any other presidential candidate who wants to do a Twitter Spaces event. Whether or not they get any takers could signal what the future holds for Twitter as a “public square."



Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)
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Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

The combined company says it plans to find a site and begin construction next year on the “world’s first utility-scale fusion power plant,” with aims to provide the electricity needed for artificial intelligence.

Shares of Trump Media & Technology, the parent company of President Donald Trump's Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

Backed by Google and other investors, TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

“We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations," The Associated Press quoted Nunes as saying in a prepared statement.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nations' International Atomic Energy Agency. It's been seen as a promising solution to climate change caused by burning fossil fuels, but one that is a long way off compared to today's clean technologies like wind and solar.

TAE and Trump Media shareholders will each own approximately 50% of the combined company.

Trump is by far the largest stakeholder in Trump Media, owning 41% of all outstanding shares.

In October, the US Department of Energy released what it called a “roadmap” for fusion technology, with the aim of fostering “a burgeoning fusion private sector industry in the US toward maturity on the most rapid timeline.”

A number of tech companies, including Google, Microsoft and OpenAI CEO Sam Altman, have shown interest in fusion technology as a way of powering the energy-hungry data centers needed to build and run their AI products.

TAE and Trump Media say the transaction values each TAE common stock at $53.89 per share.

At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.


Brazil to Get Satellite Internet from Chinese Rival to Starlink in 2026

Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
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Brazil to Get Satellite Internet from Chinese Rival to Starlink in 2026

Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado

Chinese low Earth orbit satellite company SpaceSail will start providing internet access to remote areas in Brazil in the first half of 2026, President Luiz Inacio Lula da Silva's chief of staff, Rui Costa, said on Wednesday, Reuters reported.

SpaceSail and Brazil's state-owned telecom Telebras had signed a memorandum of understanding in late 2024 to offer satellite internet services for schools, hospitals and other essential services in the South American country.

SpaceSail competes directly with Elon Musk's Starlink in the satellite internet market.


Google Launches First Ever Co-branded Credit Card in India

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
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Google Launches First Ever Co-branded Credit Card in India

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo

Alphabet Inc's Google Pay launched its first co-branded digital credit card in India on Wednesday in partnership with Axis Bank, intensifying efforts to monetize its massive user base in the country's crowded fintech sector.

WHY IT'S IMPORTANT

While Google Pay is a dominant player in India's popular domestic payments network, the Unified Payments Interface (UPI), its core service generates zero revenue from user-to-user payments due to government mandates. It, however, earns commissions for in-app services like bill payments and mobile recharges, Reuters reported.

The credit card launch opens a new avenue for Google to monetize its user base, mirroring strategies by domestic rivals Paytm and PhonePe to cross-sell lending products to payment users.

BY THE NUMBERS

India has just 50 million credit card holders, according to Google Pay, whereas its population exceeds 1.4 billion.

Google Pay meanwhile is the second top app in India by number of UPI transactions, having processed nearly 7.2 billion transactions in October alone.

HOW IT WORKS

Axis Bank manages the credit risk and issuance, while the digital-only card will be linked to the Google Pay app to make online and offline payments on the go.