Meta Platforms Inc Facebook whistleblower Frances Haugen, who leaked Facebook documents last year, has said that she is “cautiously optimistic” about Tesla Inc CEO Elon Musk’s Twitter Inc acquisition. During a recent interview, Haugen said that Musk’s plans to take Twitter private could give him the chance to change up the company’s business model and…
Facebook Whistleblower Optimistic About Musk’s Twitter Move, Says He Can Take Feedback Better Than Zuckerberg
Meta’s Facebook Reality Labs Loses Nearly $3 Billion in Q1
Facebook parent company Meta Platforms Inc. posted nearly $3 billion in losses in the first three months of 2022 for its Metaverse-focused Reality Labs division. According to an earnings report (pdf) published on April 27, the company’s Facebook Reality Labs (FRL) division, which houses its augmented and virtual reality operations, had $695 million in revenue in the first quarter, driven by…
Big Tech Censored Biden Criticism 646 Times Over 2 Years: Report
April 26, 2022
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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,…
Can Musk Buy Facebook Too?
Commentary Two and a half cheers for Elon Musk! He has, after some back and forth, just bought Twitter, easily the greatest achievement anyone has accomplished in years for the First Amendment and freedom of speech. If he follows through on his pledge to end censorship at the site, he has struck a blow, possibly…
Elon Musk Becomes a Freedom of Speech Hero
April 20, 2022
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Commentary The richest man in the world has decided to use some of his vast fortune to promote free speech in a real and practical way. Elon Musk has literally put his money where his mouth is. Musk is prepared to use part of his fortune to transform Twitter into a vehicle for free speech….
Markets Are Crashing and Burning; Were NFT Bears Right?
Commentary For many doomsayers, this is their “I told you so” moment. After months of seemingly impossible gains, the markets are finally adjusting to reality. As financial markets generally have gotten whacked in the new year, crypto has had an especially rough time. Since the start of the year, both Bitcoin and Ethereum are down….
Israeli Spyware Maker NSO Group Asks SCOTUS for Sovereign Immunity
April 12, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFacebookFeatured TopicsJudiciaryMedia & Big TechMiddle EastNSO GroupSupreme CourtTechTech NewsUSWhatsappWorld
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Israeli spyware developer NSO Group is urging the Supreme Court to recognize it as a foreign government agent, a move it says would give it immunity under U.S. laws restricting lawsuits against foreign countries. NSO’s leading software product, Pegasus, allows operators to clandestinely surveil a suspect’s mobile phone—access contacts and messages, as well as the…
Facebook Silent on FBI Informants Using Platform to Push Whitmer Kidnap Plot
On Oct. 28, 2020, Facebook CEO Mark Zuckerberg testified in Congress about what he was doing to monitor online extremism, citing his company’s work with law enforcement to apprehend the men who had allegedly tried to kidnap Michigan governor Gretchen Whitmer weeks earlier. “Over the last four years in particular, we’ve built closer partnerships with…
UBS Remains Bullish on This Social Media Giant: Read Why
April 8, 2022
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UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc. to $300 from $280 and kept a Buy rating on the shares. The price target implies an upside of 29.4 percent. The impact of the Russia–Ukraine war is more than offset by the company’s lower operating expense estimates. While consensus earnings will move down in the “preview season,” this is…
Facebook Is No Monopoly
Commentary One wonders if, back in 2004, today’s trustbusters would have been losing sleep over the success of Blockbuster. Back then, Blockbuster had over 9,000 stores globally and was raking in nearly $6 billion in revenue as the leading video rental service in the country. Break up Blockbuster! Enter Netflix. We all know what happened…
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