Tag: Social Media

Elon Musk Says Democratic Party Has Been ‘Hijacked by Extremists’

Elon Musk drew criticism from left-wing Twitter users after he posted that the Democrat Party has been “hijacked by extremists.” On Thursday, Musk posted a meme image that showed a timeline from 2008 to 2021. The picture showed both conservatives and liberals were near the center of the political spectrum, with Musk depicting himself slightly…


Roger Stone Says He Was Banned Again From Twitter After Creating New Account

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…


Meta Expanding Massive $1 Billion Illinois Data Center, Set to Power Everything From Facebook to Instagram Beginning Next Year

By Robert Channick From Chicago Tribune Meta, the social media giant formerly known as Facebook, is expanding its massive $1 billion data center under construction in DeKalb to nearly 2.4 million square feet, putting the college town west of Chicago at the center of its metaverse. Slated to open next year, the five-building complex filled…


Trump Posts on Truth Social Signaling His Return to Social Media

Former President Donald Trump has posted on his Truth Social account signaling his return to social media. “I’M BACK! #COVFEFE,” Trump wrote on the platform, which he founded and is owned by Trump Media & Technology Group. In the same post, he also shared a photo of himself appearing to use a phone while standing in…


Capitol Report (April 28): Economy Shrinks 1.4% in First Quarter

The economy is shrinking, according to data. This, coupled with red hot inflation and soaring gas prices, is ramping up pressure on the White House and Congress to act. What are they doing about it? President Joe Biden announces another request for funding for Ukraine. The latest amount stands at about $33 billion for the…


Twitter Reports User Bump in Quarterly Report

Just days after Elon Musk’s $44 billion buyout of Twitter, the company released its Q1 earnings report on Thursday, attesting to a bump in users and a simultaneous decline in revenue. At the close of the quarter, Twitter reported monetizable daily active usage (mDAU) of 229 million, surpassing quarterly expectations for 226.9 million mDAU. This…


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…


Elon Musk Says Twitter Must Be ‘Neutral,’ Says Leftists Are ‘Primarily’ Attacking Him

Billionaire entrepreneur Elon Musk said that Twitter must remain “politically neutral” after it was announced this week that he came to a deal to purchase the social media platform. “For Twitter to deserve public trust it must be politically neutral, which effectively means upsetting the far right and the far left equally,” Musk wrote on…


Some Celebrities Leave Twitter, Other Notables Return: What Investors Should Know Some

News that Tesla Inc. CEO Elon Musk reached a deal to acquire Twitter Inc. has drawn mixed reactions from investors, Twitter users and celebrities. Here’s the latest. Obama Down by 300,000 A large number of deactivations have happened on Twitter since the news that Musk was paying $54.20 or around $44 billion to acquire the social media…


Musk Purchase of Twitter ‘A Big Deal’: Former White House Aide

Hogan Gidley, a former White House deputy press secretary during the Trump administration, says the significance of Elon Musk purchasing Twitter “cannot be understated.” In an interview with NTD Wednesday, Gidley laid out his view that the $44 billion purchase of the social media platform will allow for a more diverse range of voices and…