Kevin O’Leary issues warning to Brazil president for banning X — praises Elon Musk as a ‘modern day Bruce Wayne

[ad_1]

In a bold move, Brazil’s government has ordered the shutdown of social media platform X (formerly known as Twitter) within the country.

“Shark Tank” investor Kevin O’Leary is not pleased with the decision.

Don't miss Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger

Car insurance premiums in America are through the roof — and only getting worse. But 5 minutes could have you paying as little as $29/month

These 5 magic money moves will boost you up America's net worth ladder in 2024 — and you can complete each step within minutes. Here's how

In an interview with Fox Business, O’Leary shared his unfiltered admiration for X’s owner, Elon Musk.

“As far as I'm concerned, Elon Musk is a modern day Bruce Wayne. I mean, this guy has been so successful in so many sectors, so I'm a huge fan,” he stated.

Musk has accomplished quite a few things, from revolutionizing the electric vehicle industry with Tesla to advancing space exploration with SpaceX and launching ambitious projects like Neuralink.

While O’Leary praised Musk’s exceptional execution skills, it’s Musk’s attitude that impressed him most. “He's also got another trait, which I find very endearing, and you may or may not like this — he's a real poo-poo disturber, if you know what I mean. He just doesn't give a poo-poo.”

So, what does that mean? O’Leary elaborated, explaining that Musk “doesn't care what country, what dictator, what leader, what judiciary. If they don’t want his technology… he’s happy to shut it off.”

‘He can do whatever he likes’ Musk purchased Twitter for $44 billion in 2022 and rebranded it as X in 2023. According to O’Leary, the company’s private status gives Musk full control over its direction.

“He owns it. He controls it. It's private. He can do whatever he likes,” O’Leary remarked.

O’Leary acknowledged Brazil's rapid economic growth, which makes it an attractive market for many businesses. However, he issued a cautionary message to the country's leadership regarding the decision to ban X.

“You got a lot of people that like [the] internet and like social media, [so] be careful [of] the eggshells you're walking on, Lulu,” he said, referring to Brazilian President Luiz Inácio Lula da Silva.

The tension between X and Brazil began in April when the country’s Supreme Court Justice Alexandre de Moraes ordered the suspension of several accounts on X for allegedly spreading misinformation. X did not comply with the directive.

Responding to the ban, Musk commented: "Free speech is the bedrock of democracy and an unelected pseudo-judge in Brazil is destroying it for political purposes."

In an interview with a local news station, Lula da Silva defended the government’s stance, stating, “Any citizen, from any part of the world, who has investments in Brazil is subject to the Brazilian Constitution and Brazilian laws.”

He also addressed Musk directly, adding, “He can't go around insulting presidents, deputies, the Senate, the Chamber of Deputies, or the Supreme Court. Who does he think he is?”

Read more: Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)

‘That hurts the country’ O’Leary predicts that Brazil’s leadership will face repercussions from this decision.

“If you look at the history of those kinds of situations, the outcomes are not good for the Lula's,” he stated.

O’Leary emphasized that people value technology and the ability to communicate with each other, and platforms like X are central to that.

Despite the current tension, O’Leary remains optimistic that the ban will be lifted.

“I think this thing will be resolved, because when you start shutting down commerce in where there's so much productivity and opportunity in the Amazon, that hurts the country,” he said.

For O’Leary, the economic implications of restricting communication and technological platforms are too severe for Brazil to ignore, making a resolution likely.

What to read next This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

[ad_1]

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66dee9d80ff64920bcbae26178e00343&url=https%3A%2F%2Fwww.aol.com%2Ffinance%2Fkevin-o-leary-issues-warning-111200035.html&c=11211143250299800962&mkt=en-us Author : Publish date : 2024-09-09 00:12:00 Copyright for syndicated content belongs to the linked Source .

Kevin O’Leary issues warning to Brazil president for banning X — praises Elon Musk as a ‘modern day Bruce Wayne

Zeus North America Mining Corp. Announces Closing of Previously Announced Private Placement

Two Bermuda Golf Courses Rank Among Top

Two Bermuda Golf Courses Rank Among Top

Brown and Costa Blast Trump’s Argentina Beef Bailout: A Major Blow to US Ranchers!

From a Brief Visit to Forever: My 7-Year Love Story in Ecuador

El Salvador Calls Out US for Migrant Crisis in Powerful UN Address

Renewable Energy Revolution in French Guiana: A Bold Step Forward or a Missed Opportunity?

US Boosts Diplomatic Push in Grenada and Antigua to Combat Narco-Terrorism

Discover the Enigmatic Hot Blob Beneath Appalachians: A Geological Wonder Heading to New York!

Unrest in Guadeloupe: Anti-Vaccine Protesters Face Off Against Hospital Staff

IRC Rises to the Challenge: Delivering Vital Protection Services in Guatemala Amid U.S. Aid Cuts

Billionaire Politician’s Corruption Charges: Will They Impact His Influence in Guyana’s Parliament?

Confronting Haiti’s Crisis: Key Questions for America’s Future

Categories

Archives