NEW YORK—Facebook will change its algorithms to prevent discriminatory housing advertising and its parent company will subject itself to court oversight to settle a lawsuit brought by the U.S. Department of Justice on Tuesday. In a release, U.S. government officials said it had reached agreement with Meta Platforms Inc., formerly known as Facebook Inc., to…
Musk Says His China Interests Won’t Affect His Free Speech Stance on Twitter
June 23, 2022
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Business & MarketsChinaChina Business & EconomyCompaniesFinance & Business TiesMedia & Big TechSpecial TopicsteslaTwitter
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Tesla chief executive Elon Musk on Tuesday said he has no problem balancing his planned acquisition of Twitter with his business dealings in China. When attending the Qatar Economic Forum via video link, Musk was asked if he could balance his stance on free speech in the Twitter bid and his Tesla’s interests in China…
Cold Feet or Confident? World Waits for Elon Musk to Finalize Twitter Purchase
Could billionaire CEO Elon Musk’s purchase of Twitter finally be in the home stretch? According to a regulatory filing with the Securities and Exchange Commission (SEC), Musk’s acquisition of the social media platform has been unanimously approved by the board, recommending stockholders “that you vote for the adoption of the merger agreement.” Shareholders must still…
Microsoft Retiring Emotion-Reading Technology, Limiting Access to Facial Recognition Amid Concerns Over Privacy
June 22, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesFeatured TopicsMedia & Big TechmicrosoftprivacyUSUS News
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Microsoft on Tuesday announced it would stop selling technology that predicts a person’s emotional state and gender amid concerns over its privacy and a lack of consensus on a definition of “emotions.” Sarah Bird, principal group product manager at Microsoft’s Azure AI unit, announced the decision—part of Microsoft’s efforts to ensure its AI technology is used…
Meta Settles With US Department of Justice Over Discriminatory Advertising Allegations
Facebook’s parent company Meta and the U.S. Department of Justice (DOJ) have agreed to a settlement over allegations the company engaged in discriminatory advertising. Facebook discriminated by offering advertisers an algorithm that enabled advertisers to target ads to users based on their looks, sex, religion, and interests, according to a federal lawsuit. That violated the Fair…
Musk Says Unresolved Issues Remain Over Twitter Deal
June 21, 2022
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Business & MarketsCompaniesdealeconomyElon MuskInvestmentMarketsMedia & Big TechSocial MediaTechTwitterUSUS News
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Billionaire tech mogul Elon Musk said Tuesday there remain several unresolved matters with his bid to buy Twitter, including the coming together of the debt part of the transaction, the outcome of a shareholder vote, and the number of spam users on the platform. Musk, who has offered to buy Twitter in a transaction worth around…
Twitter Board Unanimously Urges Shareholders to Approve Musk’s Buyout Offer
Twitter’s board has issued a unanimous recommendation that shareholders approve Elon Musk’s $44 billion bid to buy the social media platform, regulatory filings show. In a preliminary proxy statement filed with the Securities and Exchange Commission (SEC) on June 21 addressed to Twitter stockholders (pdf), the company’s board says it “unanimously recommends” that shareholders vote…
Twitter Board Unanimously Backs Elon Musk’s $44 Billion Buyout Bid
Twitter’s board has issued a unanimous recommendation that shareholders approve Elon Musk’s $44 billion bid to buy the social media platform, regulatory filings show. In a preliminary proxy statement filed with the Securities and Exchange Commission (SEC) on June 21 addressed to Twitter stockholders (pdf), the company’s board says it “unanimously recommends” that shareholders vote…
WeChat Data Not Protected: Report
June 19, 2022
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Asia & PacificAustraliaBusiness & MarketsChinaChina-Australia RelationsCompaniesInternationalInternational RelationsMedia & Big TechTechTech NewstechnologyTencentWeChatWorld
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Cybersecurity firm Internet 2.0 claims the rapidly deteriorating legal status of Hong Kong has undermined any claims by Chinese social media app WeChat that user data is being protected. On Sept. 30, 2020, WeChat made a written submission to the Australian Parliamentary Select Committee on Foreign Interference through Social Media, claiming that user data was…
WeChat’s Claims of Protecting User Data Misleading: Report
June 19, 2022
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Asia & PacificAustraliaBusiness & MarketsChinaChina-Australia RelationsCompaniesInternationalInternational RelationsMedia & Big TechTechTech NewstechnologyTencentWeChatWorld
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Cybersecurity firm Internet 2.0 claims the rapidly deteriorating legal status of Hong Kong has undermined any claims by Chinese social media app WeChat that user data is being protected. On Sept. 30, 2020, WeChat made a written submission to the Australian Parliamentary Select Committee on Foreign Interference through Social Media, claiming that user data was…
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