logo-loader

TUT Report: Twitter permanently bans Alex Jones of Infowars; Uber pitches safety; Tesla implodes

Last updated: 18:43 07 Sep 2018 BST, First published: 18:36 07 Sep 2018 BST

Twitter log
TUT is Twitter, Uber and Tesla

Twitter Inc (NYSE:TWTR) has permanently banned the accounts of right-wing conspiracy theorist Alex Jones and InfoWars for abusive behavior, a report by CNBC said. Jones live-streamed a rant at a CNN reporter on the Twitter-owned video service Periscope. Twitter said Jones, who has been banned or suspended by other major tech companies, was banished because of abusive behavior.

Twitter shares were down 1.28% to US$30.41.

READ: Twitter CEO Jack Dorsey testifies before US House Committee after Justice Department threatens investigation into Twitter and Facebook

Privately-held Uber Technologies Inc marked the one-year anniversary of chief executive Dara Khosrosshahi taking over by launching a raft of updates geared toward ensuring the safety of both riders and drivers during rides, a report in Recode said. "It’s all part of an effort to make Uber’s brand synonymous with safety," Khosrowshahi said, adding that "ultimately I think everyone wants to be safe. It’s table stakes, and we think that the table stakes should be raised.” Uber is pitching the focus on safety as a competitive advantage. 

READ: Tesla loses its chief accounting officer and head of human resources; shares sink

China's retaliatory tax hike on cars imported from the US could spell trouble for second half profits of Tesla Inc (NASDAQ:TSLA), already under siege from turmoil in the C suite of the electric-car maker, a report in Seeking Alpha said. China is Tesla's second-largest sales region, accounting for 16% of global revenues over the past six quarters with an estimated 36% in gross margins, the report said.  Non-US imported cars in China will pay a tariff of 15% versus 40% for Tesla, which could lead to massive disruption in Tesla's most profitable market in the world. When Hong Kong eliminated tax subsidies for electric vehicles in April 2017, the report said Tesla's sales went to zero that month.

Tesla shares fell 7% to US$261.30, having slid to the session low of US$252.26, down at that point by 10.21%.

Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

2 hours, 6 minutes ago