Tag: Media & Big Tech

Wall Street Opens Lower on China COVID-19 Protests; Apple Slips

November 28, 2022
Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUS
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Wall Street’s main indexes opened lower on Monday as protests in major Chinese cities against strict COVID-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China. The Dow Jones Industrial Average fell 71.1 points, or 0.21 percent, at the open to 34,275.91. The…

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Fearing Revenue Losses, Local Governments Mobilize Veterans to Cover Worker Shortage at Foxconn

November 27, 2022
Asia & PacificBusiness & MarketsBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policiesFoxconnINSIDE CHINAMedia & Big TechTaiwanTechveteranWorldzero-COVID
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Municipal authorities of Zhengzhou city in central China’s Henan Province, where the Taiwanese company Foxconn has its biggest factory, are mobilizing ex-soldiers to make up for the shortage of workers caused by the ongoing zero-COVID approach. Earlier this month, many civil servants in Henan Province were notified to mobilize grassroots cadres and retired soldiers to…

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Elon Musk Says He Has a Plan If Twitter Gets Kicked Off App Stores

November 27, 2022
Business & MarketsCompaniesElon MuskMedia & Big TechTechTech NewsTwitter
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Tech billionaire Elon Musk suggested he would make his own phone amid speculation Twitter could be booted from Google Play or Apple’s App Store. “I certainly hope it does not come to that, but, yes, if there is no other choice, I will make an alternative phone,” he wrote in response to a Twitter post…

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Musk Blasts Claims That Reinstating Banned Twitter Accounts Puts ‘Lives at Risk’

November 26, 2022
Big Tech, Censorship, and SocialismBusiness & Marketscancel cultureCompaniesconstitutional rightsElon MuskFeatured Topicshate speechMedia & Big Techreinstated accountsUSUS News
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Twitter’s new boss Elon Musk took a swipe at a mainstream media report that cited activists claiming lives were being put at risk by Musk’s decision to reinstate a number of banned Twitter accounts, including that of former President Donald Trump. “Much Ado About Nothing,” Musk said in a tweet Friday, responding to left-leaning Axios’ report…

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Elon Musk Addresses Trump’s Silence on Twitter

November 26, 2022
Business & MarketsCompaniesDonald J. TrumpDonald TrumpElon MuskMedia & Big TechUS
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Elon Musk, the new owner of Twitter, said Friday the social media platform made a “grave mistake” when it banned former President Donald Trump in early 2021, noting that it broke trust with half the country. Musk made his comment in reply to author and comedian Tim Young, who said “the left can’t handle” Trump’s…

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Musk Delays Relaunch of Twitter Blue but Adds Gold and Grey Checkmarks

November 25, 2022
Business & MarketschecksCompaniesElon MuskMedia & Big TechSocial MediaTechTech NewsTwitter BlueUSUS News
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Elon Musk said Twitter is postponing its relaunch of the Twitter Blue verified checkmark service from Nov. 29 to Dec. 2, adding that the social media platform will also be rolling out gold and grey checks and that all verified marks will be manually authenticated. “Gold check for companies, grey check for governments, blue for…

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Elon Musk Denies Claims Disgraced Crypto Boss Sam Bankman-Fried Holds Twitter Shares

November 25, 2022
Business & MarketsCompaniescryptocurrencyeconomyElon MuskMarketsMedia & Big TechSam Bankman-FriedSocial MediastocksTechTwitterUSUS News
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Twitter’s new owner Elon Musk has disputed a report that the former CEO of failed cryptocurrency exchange FTX, Sam Bankman-Fried, owns millions of Twitter shares. Taking to Twitter on Wednesday, Musk shared a number of posts addressing the report, which was shared on the platform by former New York Times reporter and Editor-in-Chief of news site Semafor, Ben Smith….

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Elon Musk Says He’ll Grant ‘Amnesty’ to Suspended Twitter Accounts Next Week

November 25, 2022
bannedBusiness & MarketsCompaniesDonald TrumpElon MuskMedia & Big TechSocial MediaTechTwitterUSUS News
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New Twitter owner Elon Musk said Thursday that he would begin granting “amnesty” for some previously banned accounts on the social media platform starting next week. The move marks a reversal from the site’s previous policies regarding content moderation. “The people have spoken,” Musk wrote on Twitter on Thursday. “Amnesty begins next week. Vox Populi, Vox Dei,”…

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FTX Founder Sam Bankman-Fried to Speak at New York Times Event

November 24, 2022
Business & MarketsCompaniescryptocurrencyeconomyFTXMarketsMedia & Big TechSam Bankman-FriedUSUS News
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FTX founder Sam Bankman-Fried noted on Twitter on Nov. 23 that he would speak at an upcoming New York Times summit. “I’ll be speaking with @andrewrsorkin at the @dealbook summit next Wednesday (11/30),” Bankman-Fried posted on Twitter. Andrew Ross Sorkin, the founder and editor-at-large of DealBook at The New York Times, also confirmed that he…

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