Tag: Media & Big Tech

Mark Zuckerberg’s Meta No Longer Among Top 10 Most-Valuable Companies

Meta Platforms Inc. is no longer among the top 10 most valuable companies in the world. What Happened As of 8 p.m. ET Saturday, Meta, with a market cap of $364.64 billion, has moved to the 11th position among companies with top market cap, data from companiesmarketcap.com shows. Visa Inc. stock is at the 10th position,…


Facebook’s Meta Freezes All Hiring, Warns of Possible Layoffs Due to Economic Turmoil: Reports

Facebook’s Meta has reportedly announced that it would freeze hiring and outlined a new plan to reorganize and cut back its staff for the first time in its history, as the company’s profit growth begins to slow down. The tech sector has been hit hard this year, as stocks on the NASDAQ and S&P 500…


Brands Suspends Ads From Parts of Twitter Over Child Pornography Concerns

Some major advertisers including Dyson, Mazda, Forbes, and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on Twitter. Brands ranging from…


Twitter Lawyer Tells Court Musk Has Not Backed Up Claims of Fake Accounts

WILMINGTON, Del.—Elon Musk’s review of Twitter Inc. accounts by his advisers did not back up the billionaire’s allegation that the number of fake users was “wildly higher” than 5 percent as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday. Documents obtained…


The TikTok Trojan Horse and China’s Long Arm of Artificial Intelligence: Geoffrey Cain

 In this episode of American Thought Leaders, I sit down with Geoffrey Cain, an award-winning journalist, technologist, and author of “The Perfect Police State: An Undercover Odyssey into China’s Terrifying Surveillance Dystopia of the Future.” “Everybody was constantly being watched by an artificial intelligence system, which was called the IJOP,” says Cain, referring to a…


PREMIERING 7:30PM ET: The TikTok Trojan Horse and China’s Long Arm of Artificial Intelligence: Geoffrey Cain

This episode will premiere on Thursday, Sept. 29, at 7:30 p.m. ET.  In this episode of American Thought Leaders, I sit down with Geoffrey Cain, an award-winning journalist, technologist, and author of “The Perfect Police State: An Undercover Odyssey into China’s Terrifying Surveillance Dystopia of the Future.” “Everybody was constantly being watched by an artificial…


Apple Drops Russia’s Largest Social Media Network From App Store

Apple Inc. has removed VKontakte, a popular social networking application in Russia, according to a statement from VK, the company behind the platform. What Happened The statement, first noted on The Verge, said that some VK applications were blocked by Apple and unavailable to download and update on the App Store. The statement said that…


More Red Tape Not the Answer to Optus Data Leak: Business Law Expert

Increasing government bureaucracy is not necessary to mitigate the fallout of the Optus cyberattack, says an Australian business law expert. Australia’s second-largest telecommunication company, on Sept. 22, revealed a user known as “OptusData,” demanded US$1 million for the stolen personal details of 9.8 million Optus customers, including driver’s licence details, passport numbers, home and email addresses,…


UK Warns TikTok Could Face £27 Million Fine for Failing to Protect Children’s Privacy

The Chinese-owned social media site TikTok could face a £27 million ($29 million) fine after British authorities found that it may have breached UK data protection law by failing to protect children’s privacy. On Monday, the UK Information Commissioner’s Office (ICO) said in a statement that the video-sharing platform may have processed the data of…


Dow, S&P 500 Open Higher on Lower Yields, Apple Slides

The Dow and the S&P 500 opened higher on Wednesday as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple Inc. after it dropped plans to boost iPhone production. The Dow Jones Industrial Average rose 63.9 points, or 0.22 percent, at the open to 29,198.92. The S&P…