We all know Elon Musk’s offer to purchase Twitter Inc. for all cash has been accepted by the board. Before it was made public that Musk had an interest in the company, the stock was languishing at the $40 area. When Musk originally purchased shares of Twitter and investors speculated that he may attempt to buy it,…
Twitter’s Error Led to Overstated User Figures for 3 Years
Twitter Inc. admitted overstating its audience figures by about 2 million users for about three years as it reported its Q1 results. “In March of 2019, we launched a feature that allowed people to link multiple separate accounts together in order to conveniently switch between accounts,” Twitter disclosed. “An error was made at that time, such that…
Amazon Shares Plunge in Biggest Drop Since 2006 After Posting $3.8 Billion Loss
Shares of Amazon.com Inc. fell 14.05 percent on Friday in its steepest one-day drop since 2006, leaving the widely held stock near two-year lows. Late on Thursday, the e-commerce giant delivered a disappointing quarter and outlook, swamped by higher costs. Amazon lost $3.8 billion in the first quarter of 2022, largely due to a slump in…
Russian Users Sue Apple After Payment Service Pulled: Lawyers
A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million rubles ($1.28 million) in damages for consumers affected by Apple withdrawing its payment service from Russia. Apple did not immediately respond to a request for comment. Law firm Chernyshov, Lukoyanov & Partners said Apple had…
Roger Stone Says He Was Banned Again From Twitter After Creating New Account
April 29, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFeatured TopicsMedia & Big TechRoger StoneSocial MediaTechTwitterUSUS News
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Roger Stone says he was banned again from Twitter after reappearing on the social media website following an announcement that Elon Musk would purchase the company. “Well [expletive] I’m back on Twitter,” Stone wrote on Telegram on Thursday morning. “I’m anxious to see how strong Elon Musk’s commitment to free speech is.” A Daily Beast article…
Australian Consumer Watchdog Concerned Over Product Ranking Algorithms
April 29, 2022
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AmazonAustraliaAustralian Competition and Consumer CommissionBusiness & EconomyCompanieseconomic policieseconomyMarketsMedia & Big TechWorld
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Australia’s consumer watchdog has started to scrutinise product rankings on online marketplaces such as Amazon, eBay and Kogan for potential unfair competition practices. After imposing tens of millions of dollars in penalties on hotel booking site Trivago and ride-sharing and food delivery mobile app Uber for misleading customers, the Australian Competition and Consumer Commission (ACCC)…
Meta Still Subject to Consumer Lawsuits for Breach of Data Protection Rules, EU Regulator Says
The European Union’s top court said Meta Platforms Inc. is still subject to consumer group lawsuits for possible violations of data protection rules, Bloomberg reports. In a dispute between the Federation of German Consumer Organizations and Meta’s Facebook, Germany’s top civil court sought the EU tribunal’s guidance on whether lawsuits to protect consumers from Big Tech were…
Amazon Declines to Describe Search-Algorithm Data: Australian Regulator
SYDNEY—Amazon.com Inc. has declined to describe its product-search system to an Australian competition regulator that has heard complaints of large marketplace platforms giving preference to in-house wares. The company’s withholding of the information sets the scene for a possible repeat of Australia’s 2021 showdown with Facebook Inc. and Alphabet Inc.’s Google, which resulted in those…
Texas Rancher Offers Elon Musk 100 Acres to Move Twitter’s Headquarters to Austin
April 28, 2022
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Business & EconomyCompanieseconomyElon MuskLocal NewsMedia & Big TechRegional-Local NewsTexasTwitterUncategorizedUS
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An Austin rancher has offered to donate free land to Elon Musk for the use of a new Twitter headquarters in Texas, if he chooses to relocate the company from San Francisco to the Lone Star State, reported Austonia. The board of Twitter accepted Musk’s deal to buy the social media platform for $44 billion on April 25,…
Rancher Offers Elon Musk 100 Acres to Move Twitter’s Headquarters to Texas
April 28, 2022
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Business & EconomyCompanieseconomyElon MuskLocal NewsMedia & Big TechRegional-Local NewsTexasTwitterUncategorizedUS
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An Austin rancher has offered to donate free land to Elon Musk for the use of a new Twitter headquarters in Texas, if he chooses to relocate the company from San Francisco to the Lone Star State, reported Austonia. The board of Twitter accepted Musk’s deal to buy the social media platform for $44 billion on April 25,…
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