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The father of 14-year-old Molly Russell – who took her own life after viewing suicide content online – has called on Ofcom to be “bold and act fast” once the Online Safety Bill becomes law. Ian Russell said he believed the Bill, which has been years in the drafting and imposes new legal duties on big tech companies and service providers, would “make the online world safer”. He said the regulator would need to take action immediately to ensure the Bill, which is expected to be made law soon by Parliament, was enforced. I hope Molly would be proud and we hope that this step, the new Online Safety Bill, will mean there are fewer of those families with stories like Molly's in the future Ian Russell Speaking on BBC’s Sunday with Laura Kuenssberg, he said: “It’s not perfect but it’s an important step, and it’s a step that has been needed for years to to counter this new technology, to counter these changes that are happening so fast that society doesn’t quite know what to do with.” Last September, a coroner ruled schoolgirl Molly, from Harrow, north-west London, died from “an act of self-harm while suffering from depression and the negative effects of online content” in November 2017. Calling on Ofcom to take immediate action once the Bill is passed, Mr Russell said: “There are many other families, too many tragic stories to tell, some like Molly’s and some quite different, but if the Bill fails to stop online harms that all our children saw, then it will have failed. “Once this becomes law, we’re in a new phase where Ofcom as the regulator appointed by the Government to police the internet, to regulate the tech industry, has to get out of the blocks really fast. “It can’t waste time, it has to move fast and be bold and enact the clauses set out in the Bill in order to make the online world safer for children.” Mr Russell said he was “confident” the Bill would be effective as it was designed to be “future-proof” by not being “technology specific”. He said: “Ofcom have got a really tough job. They’re going up against some of the biggest, most well-funded corporations on the planet. “But they have already been staffing up, they’ve got hundreds of people working on online safety already, I’m sure they will be recruiting more people.” Mr Russell said he believed possible sanctions including jail terms for those in charge of technology firms would be an important part of the new law. He said: “Jail terms for tech bosses are important, not because I think tech bosses will ever end up going to jail, but I think it focuses their minds. “What is really needed is a change of corporate culture at these big institutions. In two decades of social media, nothing’s really changed.” Describing his personal motivation for campaigning on the issue, he said: “I hope Molly would be proud and we hope that this step, the new Online Safety Bill, will mean there are fewer of those families with stories like Molly’s in the future.” An Ofcom spokesman said: “We’re ready to start and very soon after the Bill receives royal assent we’ll set out the first set of standards that we’ll expect tech firms to meet in tackling illegal online harms.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Warning over criminals using digital switchover to scam vulnerable people Stadiums and tourism hotspots to test new 5G networks in £88 million scheme Chatbots ‘able to outperform most humans at creative thinking task’

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Elon Musk reportedly took out a $1bn loan from his company SpaceX the same month that he acquired Twitter, now known as X, according to theWall Street Journal. SpaceX approved the loan – which was secured by some of his stock in the company – in October 2022, according to the Journal. That same month, Mr Musk drew all of it down. The SpaceX founder returned the $1bn – with interest – to the company one month later, the Journal reported. It’s unclear why the richest person in the world now and in October 2022, when he took over the social media giant, took out the loan. He bought the social media company for $44bn, which seemed to contribute to him losing that top slot, until he was renamed the world’s richest person in June 2023. The publication also noted that in November 2022, when he repaid the loan, Mr Musk sold $3.95bn in shares in another one of his companies, Tesla. The following month, he sold another $3.58bn in Tesla stock. That year in total, Mr Musk had sold nearly $23bn worth of Tesla stock since April – fuelling speculation that the funds were likely going toward his social media platform acquisition. This isn’t the first time that Mr Musk has taken out money from one of his ventures to aid another. In 2009, Mr Musk reportedly borrowed $20m from SpaceX to support Tesla. More recently, in 2015 and 2016, SpaceX poured $330m in bonds into his solar panel company SolarCity. Tesla ended up acquiring SolarCity in 2016. SpaceX has recently come under fire, as the Justice Department sued the company last month for alleged hiring discrimination practices. SpaceX’s “discriminatory hiring practices were routine, widespread, and longstanding, and harmed asylees and refugees,” the filing stated. The Independent has reached out to SpaceX for comment. Read More Starship ‘ready to launch’, Elon Musk says Elon Musk calls Burning Man ‘best art on Earth’ amid chaos that saw thousands stranded and one dead Elon Musk vows to sue ADL for calling him antisemitic after he promoted antisemitic campaign on X

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