Elon Musk risked falling out with the BBC by calling it “government-funded news media” on Twitter.
The Foundation is mainly funded by British taxpayers, who pay a license fee of £159 a year.
Although the government determines the amount of the license fee, not everyone has to pay it, and households pay directly.
When someone clicks on the new BBC tag, it takes them to a page about government accounts and state media accounts. Twitter described state media accounts as: “Outlets in which the state exercises control over editorial content through financial resources, direct or indirect political pressure, and/or control over production and distribution.”
The page does not contain a definition of the “government funded media” tag.
Elon Musk risked falling out with the BBC by calling it “government funded media” on Twitter (pictured)
Since Elon Musk, 51, (pictured) bought Twitter last October, he’s fired top executives, initiated layoffs with the goal of roughly halving the company’s 7,500-strong staff, and allowed people to buy blue ticks.
Although the government determines the amount of the license fee, not everyone has to pay it and households pay directly. Pictured: the offices of the BBC of Broadcasting House
A BBC spokesperson said: ‘We are talking to Twitter to resolve this issue as soon as possible. The BBC is and always will be independent. We are funded by the British public through license fees.
Musk, 51, has downgraded the social media company’s communications department in the past few weeks, and since March, the press email has automatically responded with a poo emoji, as it did today when MailOnline reached out to Twitter for comment.
Since Musk bought Twitter last October, he’s fired top executives, initiated layoffs with the goal of roughly halving the company’s 7,500-strong staff, and allowed people to buy blue ticks.
Last week, Musk was ousted from the top spot on Forbes’ annual billionaires list after his decision to buy Twitter for $44 billion.
He took first place on the Forbes list of billionaires in the world last year, when his net worth was estimated at $ 216 billion, ousting Amazon founder Jeff Bezos.
Musk is now the second richest billionaire in the world, falling into the hands of Bernard Arnault, the head of French luxury goods giant LVMH — which owns brands like Louis Vuitton, Christian Dior, Tiffany & Co.
Tesla founder Elon Musk lost the top spot on Forbes’ annual billionaires list due to his $44 billion purchase of Twitter. He was replaced by Frenchman Bernard Arnault, president of French luxury goods giant LVMH — which owns brands like Louis Vuitton, Christian Dior, and Tiffany & Co.
The two have been circulating on the outlet’s daily, real-time billionaires list over the past few months, CNN reports, but Arnault was able to overtake Musk on the annual list after his net worth grew over $50 billion to $211 billion.
At the same time, Musk’s net worth has fallen to just $180 billion — $39 billion less than it was last year, according to Forbes‘ mathematical calculations.
The outlet explains that Musk’s stature plummeted after he bought Twitter for $44 billion — funded by Tesla stock.
Investors in the electric car giant were worried at the time that the value of its stake would drop as Musk acquired the social media giant.
Tesla eventually recovered much of its losses, but it’s still selling about half of what it was before Musk acquired Twitter in October.
“Musk has mostly tweeted himself out of the lead in the ranks,” Forbes wrote, referring to his controversial tweets about the actual value of Twitter and subsequent decisions to shake up the company.
However, he’s been able to hold onto a lot of his wealth, with SpaceX’s valuation rising from $13 billion to $140 billion in the past year alone.
However, that proved not enough to compete with Arnault, 74, who had a ‘banner year’ in 2022 due to his group’s record earnings.
