Tag: Media & Big Tech

Groups Funded by George Soros, Unions, European Governments Irked by Twitter Takeover

Elon Musk, the world’s wealthiest man, has become the target of left-wing organizations following his announcement of plans to buy out Twitter in order to foster free speech on the platform. Tesla CEO on May 3 called for an investigation into the groups that have urged businesses in a letter to boycott Twitter if Musk…


Meta Deliberately Shut Australian Facebook Accounts to Pressure Australian Government

Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…


Meta Deliberately Shut Down Facebook Pages to Pressure Australian Government

Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…


Meta Deliberately Shut Down Major Facebook Accounts to Strong-Arm Australian Government

Meta’s sweeping news ban across Australia in early 2021, which saw the Facebook pages of non-profits and government entities also shut down, was a deliberate ploy by the tech giant’s top brass to gain leverage during heated negotiations over an impending media payment law. The U.S.-based Whistleblower Aid revealed on May 5 that it had…


States Sue Biden Administration for ‘Pressuring and Colluding’ With Big Tech to Censor Free Speech

Two Republican-led states have filed a lawsuit against President Joe Biden, White House press secretary Jen Psaki, Dr. Anthony Fauci, and other top administration officials for allegedly pressuring and colluding with social media giants with the aim of censoring and suppressing free speech. Missouri Attorney General Eric Schmitt and Louisiana Attorney General Jeff Landry filed…


Biden Confirms Jen Psaki Leaving White House, Names Replacement

White House press secretary Jen Psaki is departing the Biden administration soon, President Joe Biden said on May 5. Psaki will leave the White House on May 13, Biden said in a statement. The president said Karine Jean-Pierre, currently the White House principal deputy press secretary, is replacing Psaki. “Karine not only brings the experience,…


Elon Musk and Cathie Wood Say Passive Investing Has Gone ‘Too Far’

Tesla chief Elon Musk and Ark Invest founder Cathie Wood touted the benefits of active portfolio management while taking aim at the rise of passive investing, with the duo arguing in a series of tweets that the passive trend has gone too far, leading to market distortions and weaker returns for investors. Musk waded into…


Uber Loses Nearly $6 Billion on Investments in Didi, Grab

Uber reported losses of nearly $6 billion for the first three months of the year, driven by its investments in other companies, the ride-sharing company announced on Wednesday. The California-headquartered company reported a first-quarter net loss of $5.9 billion, or $3.04 a share, compared with a loss of $108 million, or 6 cents a share, during…


German Regulator Imposes Tougher Rules on Facebook Owner Meta

BERLIN—Germany’s cartel office said that Meta Platforms Inc., the owner of Facebook, has “paramount significance for competition across markets,” a classification which gives the regulator more leeway to curb digital companies’ market power. Under legislation introduced by German lawmakers in early 2021, the cartel office can ban what it deems to be anti-competitive activities. Meta,…


House Republican Says Musk/Twitter Records Must Be Preserved by FTC

WASHINGTON—Representative Jim Jordan, the top Republican on the House of Representatives Judiciary Committee, asked the chair of the Federal Trade Commission (FTC) on Wednesday to preserve its records related to Elon Musk’s pending acquisition of Twitter Inc. The request indicates that Jordan may investigate the FTC’s merger review. Jordan expressed concern about statements by the…