Tag: Media & Big Tech

Jeff Bezos Raises Concerns About China’s Clout Over Twitter After Musk’s Takeover

Amazon founder Jeff Bezos questioned whether Twitter will fall under the influence of the Chinese regime, hours after Tesla CEO Elon Musk secured a $44 billion buyout of the social media firm. “Interesting question. Did the Chinese government just gain a bit of leverage over the town square?” Bezos wrote on Twitter, responding to a…


Big Tech Censored Biden Criticism 646 Times Over 2 Years: Report

Big Tech platforms have censored criticism of President Joe Biden more than 600 times over the past two years, according to a new report. The Media Research Center (MRC), a Virginia-based American content analysis and media watchdog group, through its CensorTrack database, found that between March 2020 and March 2022, social media platforms including Facebook,…


Shutdown of Foxconn’s Factories in China Threatens Apple’s Supply Chain

Taiwan’s Foxconn Technology Group, the world’s largest electronics manufacturer and Apple’s main supplier, has again suspended operations at two of its factories in Kunshan, China, after the Chinese Communist Party (CCP) implemented strict quarantine rules in parts of the country to combat the spread of the Omicron variant of the virus in March. On April 22,…


‘Elon Is the Singular Solution I Trust’: Jack Dorsey Throws Support Behind Musk After Twitter Takeover Approved

Jack Dorsey, the co-founder and former CEO of Twitter, threw his support behind Elon Musk’s deal to take the social media platform private, with a Twitter thread that begins with a link to Radiohead’s “Everything In Its Right Place.” The Twitter board had unanimously approved the Tesla and SpaceX CEO’s unsolicited offer amidst polarizing reactions…


Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought by Musk

Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6 percent after announcing it would be bought by Musk in a deal that will shift control of the social media giant to…


Elon Musk Twitter Buyout Prompts Polarized Reactions

Twitter announced on Monday that it had reached a final agreement to be acquired by Elon Musk for approximately $44 billion, prompting mixed reactions as users prepare for a new content moderation policy. The new announcement concludes a three-week saga of Musk’s total acquisition of the social media corporation, which began on April 4 when…


‘I’ve Been a Victim’: Chris Wallace Unsure of Plans After CNN+ Collapse

Former Fox News host Chris Wallace said he’s not sure of his plans after CNN’s streaming service CNN+ collapsed and is scheduled to end after only a month amid reported dismal subscriber numbers. “I’m in good shape, whether it’s CNN or someplace else. Frankly, what I’m mostly concerned about right now, and very, is my…


Washington Post Removes Link From Story on Libs of TikTok Accountholder

The Washington Post and its reporter Taylor Lorenz are claiming that a profile of the person allegedly behind the Libs of TikTok account did not contain any personal information, assertions disputed by the person behind the account. The original version of the piece, which is highly negative against the person, contained a name and an…


Twitter Shares Rally as Reports Say Elon Musk’s Takeover Deal Close

Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources,…


‘ESG Ratings Make No Sense’: Elon Musk Responds to Ark Invest Analyst Who Defends Bill Gates

Tesla Inc. CEO Elon Musk on Saturday responded to an assertion by Ark Investment Management analyst Brett Winton, who said it was “okay” for Bill Gates to short the EV Maker’s stock. What Happened Winton explained in a tweet that Tesla only has an “average” ESG (Environmental, Social, and Governance) rating, so as long as Gates…