Amazon Prime Day is here and so are the deals — lots and lots of

Elon Musk has left his Twitter followers stumped with a bizarre comparison of Taylor Swift and Napoleon Dynamite. You'd think the tech mogul would have bigger things on his mind, but on Friday, it seemingly wandered elsewhere. Musk tweeted a picture of Swift and the awkward teen character, asking: "How do we know for sure they’re different people?" The caption above the photo collage of the two read: "When you realise Taylor Swift is actually Napoleon Dynamite." The tweet soon went viral across Twitter, with many flocking to the responses. "As both a Musk fan and a Taylor Swift fan, this is not the crossover I wanted," one person hit back, while another added: "Someone come get the owner of Twitter's phone, please. Now I can’t unsee it." Meanwhile, one person had enough and brutally wrote: "Elon pls go tend to ur baby DU-139X# before even coming on this shi**y app you wasted money on." Sign up for our free Indy100 weekly newsletter Now, this isn't the first time Musk has turned his attention to the 'Shake It Off' singer. In March, the Tesla founder complimented the star by saying her "limbic resonance skill is exceptional." Everyone was just as confused as each other, but it apparently means "a state of deep emotional and physiological connection between two people. The limbic system in the brain is the seat of emotions." He didn't stop there either. Under a series of photos from Swift's hotly-anticipated Eras Tour, Musk responded with a cigarette emoji which most people interpreted as him calling the singer smoking. When one Twitter user asked whether Musk and Swift would make a cute couple, he simply responded with a crying laughing face. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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Amazon Prime Day is here

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COLOGNE, Germany--(BUSINESS WIRE)--May 24, 2023--

LinkedIn, the world's largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced.

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Consumer cryptocurrency trading should be regulated as gambling, the treasury committee has urged. In a new report, the committee called for consumer trading in unbacked crypto assets to be treated in regulation as gambling. The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering. Unbacked crypto assets – often called cryptocurrencies – are not supported by underlying assets, the committee added. They pose significant risks to consumers, given their price volatility and the risk of losses, according to the MPs, who said retail trading in unbacked crypto more closely resembles gambling than a financial service and should be regulated as such. The report said: “We strongly recommend that the government regulates retail trading and investment activity in unbacked crypto assets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’.” The committee pointed to HM Revenue and Customs (HMRC) figures indicating that around 10 per cent of UK adults hold or have held crypto assets. The MPs also said potential productive innovation in financial services should not be unduly constrained. They said technologies underlying crypto assets may bring some benefits to financial services, particularly for cross-border transactions and payments in less developed countries. A balanced approach should be taken to supporting the development of crypto asset technologies, while avoiding spending public resources on projects without a clear, beneficial use, the MPs said. Harriett Baldwin, chair of the treasury committee, said: “The events of 2022 have highlighted the risks posed to consumers by the crypto asset industry, large parts of which remain a wild west. “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” The committee is considering central bank digital currencies as a separate piece of work. A treasury spokesperson said: “Risks posed by crypto are typical of those that exist in traditional financial services and it’s financial services regulation – rather than gambling regulation – that has the track record in mitigating them. “Crypto offers opportunities but we are taking an agile approach to robustly regulating the market, addressing the most pressing risks first in a way that promotes innovation.” Read More Crypto rules get final approval to make Europe a global leader on regulation Is my money safe? What you need to know about bank failures Nearly 80% of APP scam cases start online, says UK Finance Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live