Tesla CEO Elon Musk is now in charge of social media platform Twitter, according to CNBC. The official announcement of the takeover deal is expected to come on Friday before the opening of the stock market. Twitter will now be delisted from the New York Stock Exchange beginning on Oct. 28, according to a recent…
Elon Musk Buys Twitter, Fires Top Executives
Tesla CEO and world’s wealthiest person, Elon Musk, is now in charge of the social media platform Twitter. The official announcement of the takeover deal’s completion is expected on Friday. Twitter will be delisted from the New York Stock Exchange beginning on Oct. 28, according to a recent delisting notice, as the firm will be taken private….
Facebook Parent Meta Stock Plunges 24 Percent, Making Zuckerberg ‘Poorer’ by More Than $10 Billion
Facebook parent Meta saw its stock price plunge more than 20 percent intraday on Oct. 27, amid broader carnage in U.S. tech stocks as investors pulled back amid the impact of soaring inflation on ad spending. Shares of Meta were down as much as 24 percent on Thursday, trading at around $100, a low not…
Turkish Competition Board Fines Meta Platforms $18.6 Million
ISTANBUL—Turkey’s competition authority has fined Facebook parent Meta Platforms Inc. 346.72 million lira ($18.63 million) for breaking competition law, it said on Wednesday. The Turkish regulator said the company held a dominant position in personal social networking services and online video advertising and had obstructed competitors by merging data collected through its core services Facebook,…
The Guilty Pleasure of Twitter Terminations
October 26, 2022
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Commentary There is no English equivalent for Schadenfreude. It means to take guilty pleasure in the suffering of others when it is well deserved. We all know what that is like. We feel like it but don’t indulge it because we are not mean people. We are nice people. And yet, there are times when…
Tech Giants Facebook, Google, Apple Could End Up Collaborating on Creating Metaverse: Expert
October 20, 2022
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Tech giants like Google, Facebook (now Meta), and Apple could end up collaborating on creating a Metaverse rather than going it alone, according to Rob Nicholls, associate professor of governance at the University of New South Wales. His comments come amid reports Mark Zuckerberg’s Metaverse is struggling to attract large numbers to its virtual reality…
Musk Says Excited by Twitter Deal Despite Overpaying
OAKLAND, Calif.—Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc., although he and other investors were overpaying for the social media company. Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker’s quarterly report. The world’s richest person is pursuing the…
Social Media Platforms Suppress British Cardiologist Critical of COVID-19 Vaccines
October 20, 2022
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Dr. Aseem Malhotra, a British cardiologist who is critical about the use of COVID-19 vaccines, said he is being censored by social networks. Malhotra once used to promote COVID-19 vaccination on TV. However, he became highly skeptical of the vaccines after his healthy father died from cardiac issues six months after getting a jab. Last…
Half of Americans Believe Social Media Companies Are Biased in Applying Rules on Censorship, Fact-Checking: Poll
October 19, 2022
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Half of Americans think social media companies are biased when it comes to fact-checking and censoring posts, new research shows. Polling by YouGov conducted from Oct. 12–14 among 1,000 U.S. adult citizens asked respondents, “Do you think social media companies are fair in applying the rules for fact-checking and censorship or do you think they…
Zuckerberg’s Metaverse Struggling to Attract Users, Leaked Documents Show
October 19, 2022
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Mark Zuckerberg’s ambitious, multi-billion-dollar Metaverse platform is yet to garner the same traction as existing platforms Facebook and Instagram, according to internal documents. The tech giant’s metaverse offering, Horizon Worlds, is falling short of expectations, with parent company Meta adjusting internal monthly user targets from 500,000 to 280,000. The current tally, according to the Wall…
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