Business Insider

Critics said Musk 'overpaid' for Twitter. Thanks to Trump and xAI, it could actually be a steal.

When Elon Musk bought Twitter for $44 billion, it was panned as one of the worst tech acquisitions in history. Two years, an election, and a generative-AI boom later, it's starting to look like more of a bargain. Shortly after the deal closed in October 2022, the Wedbush Securities tech analyst Dan Ives said it would "go down as one of the most overpaid tech acquisitions in the history of M&A deals on the Street." Yet the deal has provided significant benefits for Musk.

Starlink customers are frustrated with price hikes for uplink kits they still haven't received months after paying $100 deposits

In March 2022, SpaceX told its customers it was raising prices because of inflation, among other things. The price of a Starlink uplink kit rose from $500 to $550 for customers that had already paid a $100 deposit for the service, and from $500 to $600 for new customers. The monthly Starlink subscription cost climbed from $99 to $110 for all users, and many are frustrated with Starlink's delays, price hikes and apparent lack of customer service.

Unequal access to high-speed internet could be the biggest obstacle to getting the American economy back on track

As unemployment claims reach record highs, Americans' unequal access to high-speed internet could become a roadblock to recovery. Even before the age of coronavirus, there's evidence that the availability of high-speed internet directly affects employment. At least six studies spanning two decades show a cause-and-effect relationship: Where broadband is deployed, businesses adopt more efficient practices, introduce new services, and can reach new labor pools and customers.