Mars, fertility, but no Twitter: Elon Musk charms Sun Valley moguls

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SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming conference in Los Angeles, California, USA, June 13, 2019. REUTERS/Mike Blake/

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July 9 (Reuters) – Elon Musk avoided discussing the failed Twitter deal, only repeating allegations of problems with fake accounts on the social media platform when he addressed an audience of moguls on Saturday, two people who attended the conference told Reuters.

In Saturday’s wide-ranging interview, Musk spent most of his time talking about Mars and extolling the virtues of increasing fertility on Earth, according to one source. Musk, chief executive of Tesla Inc (TSLA.O) and rocket company Space X, has said he aims to create a civilization on Mars.

Earlier this week, Musk said he would do everything he could to help what he called a “population crisis” after a media report that said he was having twins with a top executive at his brain chip startup. Neuralink. read more

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The billionaire entrepreneur took to the stage at the Allen & Co Sun Valley Conference, Idaho’s annual gathering of media and tech executives, less than 24 hours after he announced he was terminating his $44 deal to buy Twitter Inc (TWTR.N). billion dollars.

The interview was conducted by Sam Altman, CEO of OpenAI, the artificial intelligence research company founded by Musk and several others.

Musk’s arrival at the Allen & Co conference in Sun Valley stirred up an informal event this week, where headlines usually happen outside the prying eyes of the media.

“It just looks like a total mess,” said one senior media executive, who spoke on condition of anonymity ahead of the interview. “The guy makes his own rules… I wouldn’t want to be on Twitter where this guy has to be taken seriously.”

Sun Valley is usually covered as a sports version of the Met Gala, with photographers capturing the arrival of media moguls in fleece outfits, and reporters celebrating powerhouse lunches at the on-site Konditorei cafe.

One influential Hollywood broker on Friday expressed hope that Musk’s interview would revive the level-headed, intellectual atmosphere of this year’s conference.

Hours later, Musk’s lawyers tweeted an eight-page letter stating that he planned to cancel the deal to acquire the social network. The filing with the Securities and Exchange Commission alleges that Twitter did not respond to repeated requests for information over the past two months or obtained its consent before taking actions that could have affected its business, such as firing two key executives. . read more

Up to this point, the conversations in media circles have centered on Wall Street’s re-evaluation of the streaming business following the loss of Netflix Inc (NFLX.O) subscribers. A digital media executive said Hollywood, normally recession-proof, was suddenly worried about how the deteriorating economy would affect their multi-billion dollar investment in streaming services.

“For the first time, people are realizing that the economy is affecting the entertainment business because inflation is affecting churn,” the digital media executive said, referring to subscribers leaving the service. “People are now saying, ‘Wow, are people going to pay for these three things?

After Musk’s statement, one of the chief executives noted that in the elephant’s room – Saturday’s remarks may well be uncomfortable for two conference participants: Twitter CEO Parag Agrawal and CFO Ned Segal.

One of Musk Agrawal’s latest public messages came in the form of a poop emoji tweet in response to the Twitter CEO’s defense of how the company explains spambots. read more

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Reporting by Don Chmielewski in Los Angeles; Editing by Kenneth Lee and Franklin Paul

Our Standards: Thomson Reuters Trust Principles.

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