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Elon Musk has said he will step down as Twitter’s chief executive once he finds a successor “stupid enough to take the job”. Last weekend, after facing backlash over unpopular content moderation policies and suspensions of high profile users, including some journalists, Mr Musk asked his nearly 123 million Twitter followers in a “poll” if he should step down, saying he would respect the results of the vote. Fifty-seven percent of the 17.5 million respondents answered “yes”. After a notable silence, Mr. Musk said on Tuesday that he would step down as chief executive, although he added that he still plans to oversee Twitter’s software and server teams. Mr. Musk has shown an affinity for polls in the past. When asking for users’ opinions on the decisions, Mr. Musk has post “Vox Populi, Vox Dei”, which basically means that the voice of the people is the voice of God.

YouTube has beaten bids from Apple and Amazon to acquire the rights to the National Football League’s Sunday Ticket games package. YouTube agreed to pay the league about $2.5 billion a year, or about $1 billion from DirecTV, the former rights holder. The deal will allow people to stream nearly every NFL game on YouTube next season. The exact timing of the deal is unclear, but YouTube and the NFL called it a “multi-year deal.” Apple recently dropped out of the rights race, opting instead to sponsor the 2023 halftime show – a performance by Rihanna.

When a lawyer asked Mark Zuckerberg if Meta, the parent company of Facebook, WhatsApp and Instagram, was “trying to shape the future of technology”, he hesitated and then replied: “Yes. That’s a pretty statement. broad, but yes.Zuckerberg appeared as a star witness in federal court in San Jose, Calif., on Tuesday.The case will determine whether the Federal Trade Commission will obtain an injunction to block Meta’s $400 million acquisition. dollars from Within, a company that makes a virtual reality fitness game.If the FTC blocks the acquisition (originally announced in 2021), it could set a precedent for antitrust law.

As the new year approaches, economists and officials are trying to predict what might happen next for the economy. But the future, as Fed Chairman Jerome H. Powell said this month of the possibility of a recession, is “unknowable.” This is true in any year, and especially now, in our current economic climate. The economy has upended forecasts and defied usual patterns over the past two years. Historical data, which is generally useful for those making economic forecasts, has not proven to be a reliable guide. In 2022, the Federal Reserve raised interest rates at the fastest pace since the 1980s in an effort to slow growth and rein in rising prices. It remains to be seen what effect these rate changes will have in the coming year.

nytimes

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The week in business: who comes after Elon Musk?

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