Tag: Media & Big Tech

Implosion of Crypto Platform FTX Takes Down Democrats’ 2nd Biggest Donor After George Soros

November 12, 2022
Business & MarketsCompaniesDemocratFTXGeorge SorosMedia & Big TechPoliticsSam Bankman-FriedUSUS News
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The implosion of cryptocurrency platform FTX saw the net worth of Democrat mega-donor and FTX founder Sam Bankman-Fried plummet in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX declared bankruptcy on Nov. 11 after facing a massive liquidity crunch when users rushed to pull out their money. Bankman-Fried,…

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Crypto Platform FTX’s Implosion Hits Democrats’ 2nd Biggest Individual Donor

November 12, 2022
Business & MarketsCompaniesDemocratFTXGeorge SorosMedia & Big TechPoliticsSam Bankman-FriedUSUS News
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The net worth of the founder of the crypto exchange FTX and Democrat megadonor Sam Bankman-Fried plummeted last week in what on the Bloomberg Billionaires Index was its biggest single-day wealth plunge for a billionaire. FTX filed for bankruptcy protection on Nov. 11 after facing a massive liquidity crunch, in which users rushed to pull out…

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Laid-Off Twitter Employees Sue Musk Over Severance Pay

November 11, 2022
Business & MarketsCompanieseconomyElon MusklawsuitMedia & Big TechSeveranceTwitterUSUS News
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Recently fired Twitter employees are now suing the social media company after its new owner, Elon Musk, pulled their original severance benefit packages. Five of the former employees, who filed a Nov.1 class action suit against Twitter, are accusing Musk of breaking his promise to allow them to keep at least two months of severance, bonus…

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Trump Targets Fox News Parent Corp, Paul Ryan Following Midterm Elections

November 11, 2022
2022 Midterm Elections2024 electionBusiness & MarketsCompaniesDonald TrumpHerschel WalkerMedia & Big TechPaul RyanPoliticsUS
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Former President Donald Trump criticized Fox News parent News Corp after several negative articles were published after the Tuesday midterms. A News Corp-owned publication, the Wall Street Journal, excoriated Trump and declared him the “Republican Party’s biggest loser.” It came after Republicans gained fewer-than-expected seats in the House and Senate after promises of a “red…

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Federal Agency ‘Tracking Developments’ at Twitter

November 11, 2022
Business & MarketsCompanieseconomyElon MuskFCCMedia & Big TechUS
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The Federal Trade Commission (FTC) is closely watching Twitter’s moves under new owner Elon Musk months after the agency fined the firm tens of millions of dollars, a spokesperson confirmed this week. “We are tracking recent developments at Twitter with deep concern,” an FTC spokesperson said in a statement to news outlets on Thursday. “No…

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UK Lawyer Plans to Sue Eventbrite After It Refused to Sell Tickets to Trans Ideology Debate

November 11, 2022
Business & MarketsCompaniesdebateEventbriteideologyMedia & Big TechtransUKWorld
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A British lawyer is planning to take legal action against Eventbrite for refusing to sell tickets to her debate about trans ideology after it said that the debate “violated its policy on Hateful, Dangerous, or Violent Content and Events.” Family law barrister Sarah Phillimore is fundraising to take Eventbrite to court after it pulled tickets…

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GOP Lawmakers Call for TikTok Ban Over Fears App Could ‘Fan the Flames of Domestic Division’

November 11, 2022
Big Tech, Censorship, and SocialismBusiness & MarketsChinaCompaniesFeatured TopicsFinance & Business TiesInfiltrating the WestMedia & Big TechNational SecurityPoliticsRepublicansSpecial TopicsTech CompetitionTikTokUSUS NewsUS-China relations
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Senate Republicans are introducing legislation that would ban TikTok and a number of other social media companies controlled by China from operating in the United States. Sens. Marco Rubio (R-Fla.) and Mike Gallagher (R-Wis.) announced the legislation in an op-ed in The Washington Post on Nov. 10, in which they called the Chinese social media app a “major threat…

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Elon Musk Says He ‘Killed’ New Official Label for Twitter Accounts

November 11, 2022
Business & MarketsCompaniesElon MuskkilledMedia & Big TechTechTech NewsTwitter
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Elon Musk said in a tweet on Wednesday that he “killed” the new official label for Twitter accounts, on the same day that it began rolling out. “Please note that Twitter will do lots of dumb things in coming months,” he tweeted. “We will keep what works & change what doesn’t.” Musk backtracked on the…

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States Fight Multi-Front Battle Against Government, Banks, Big Tech

November 10, 2022
Anti-ESGBig Tech CensorshipBusiness & MarketsCompanieseconomyenergyESGESG investingInvestmentMedia & Big TechPoliticsUSUS FeaturesUS News
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News Analysis 2022 has been a year of defiance from red states as they attempt to fight back against what they see as an illicit alliance of the Biden administration, Wall Street, and Big Tech to impose a left-wing agenda on America. The conflict appears to be heating up with each passing month. In October,…

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Elon Musk Warns Twitter Staff of ‘Difficult’ Times Ahead as He Ends Remote Work: Report

November 10, 2022
Business & MarketsCompaniesdifficult timesElon MuskMedia & Big Techremote workSocial MediaTechUSUS News
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Twitter’s new boss Elon Musk has reportedly sent his first email to staff, ending remote work arrangements and warning of tough times ahead in the face of economic headwinds. Musk’s email, according to Bloomberg, says that “the road ahead is arduous and will require intense work to succeed,” while telling staff they need to be…

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