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An Australian court on Wednesday extended an injunction ordering the social media platform X to remove videos depicting the recent stabbing of a bishop, setting the country’s judicial system up for a clash with the company’s owner, Elon Musk, who has decried the court’s order as censorship. Videos of the stabbing of Bishop Mar Mari Emmanuel during a church service on April 15 quickly started circulating on X, racking up hundreds of thousands of views. Australia’s eSafety Commissioner, a regulator overseeing online safety, ordered X and other social media platforms to remove posts showing the video the next day. Other platforms complied, and X blocked the content for Australian viewers. That order was extended on Wednesday until a May 10 hearing, and X faces potential daily fines of roughly $509,000 for noncompliance.
Persons: Elon Musk, Bishop Mar Mari Emmanuel, Australia’s, Musk, , Locations: Australia, USA
CNN —A hacking group with ties to the Russian government is suspected of carrying out a cyberattack in January that caused a tank at a Texas water facility to overflow, experts from US cybersecurity firm Mandiant said Wednesday. Muleshoe officials replaced the hacked software system and took other steps to secure the network, Sanchez said. “Regulations have not required this low-hanging fruit to be addressed,” Serino told CNN. “I’ve never experienced this before but … we’re aware that those threats are out there,” Poling told CNN by phone. “The haphazardness is part of their pathological emphasis on psychological impact,” Dan Black, a Mandiant analyst, told CNN.
Persons: Mandiant, Jake Sullivan, Sullivan, Ramon Sanchez, Sanchez, , Gus Serino, ” Serino, ” Anne Neuberger, ” The, Harris, Neuberger, Buster Poling, Mike Cypert, Poling, “ I’ve, ” Poling, Nick Conger, Sandworm, ” Dan Black Organizations: CNN, FBI, Environmental Protection Agency, EPA, White, ” The Biden, Hale Center, Russian Embassy, State of, GRU, Locations: Texas, US, Muleshoe, Pennsylvania, Iran, United States, Russian, Ukraine, Lockney’s, Hale, Washington ,, State of Texas
To guard against stubborn inflation and higher-for-longer interest rates, investors should focus on quality companies with high pricing power and adjust their duration risk in bonds, according to Wall Street strategists and portfolio managers. Pricing power Companies with high pricing power tend to outperform when inflation is elevated because they have the ability to defend their profit margins by passing along higher costs to their end market customers. "In equities, you should prefer companies that have pricing power, i.e. "When inflation is the predominant risk in markets, correlations between stocks and traditional bonds tend to be high. BlackRock's iShares strategy team recently argued that investors should take advantage of spikes in bond yields while they can and reinvest their cash.
Persons: Stocks, Brad Conger, Sonu Varghese, Jason Pride, Pride, Rick Rieder Organizations: Dow Jones, Treasury, Street, Callaghan, Co, Big Tech, Carson Group, Securities, U.S ., Glenmede Trust Locations: Hirtle, BlackRock
Elon Musk released the raw computer code behind his version of an artificial intelligence chatbot on Sunday, an escalation by one of the world’s richest men in a battle to control the future of A.I. Grok, which is designed to give snarky replies styled after the science-fiction novel “The Hitchhiker’s Guide to the Galaxy,” is a product from xAI, the company Mr. Musk founded last year. While xAI is an independent entity from X, its technology has been integrated into the social media platform and is trained on users’ posts. By opening the code up for everyone to view and use — known as open sourcing — Mr. Musk waded further into a heated debate in the A.I. Mr. Musk, a self-proclaimed proponent of open sourcing, did the same with X’s recommendation algorithm last year, but he has not updated it since.
Persons: Elon Musk, snarky, Musk Organizations: Galaxy Locations: xAI
In the wake of a testy interview with Elon Musk, the former television anchor Don Lemon’s deal for a new talk show on X combusted just days before it was scheduled to air. Mr. Musk called off Mr. Lemon’s partnership with X, the social media platform formerly known as Twitter, the day after filming an hour-and-a-half long interview with the former news anchor at SpaceX’s office in Austin, Texas. Lemon said, as he asked probing questions about the upcoming U.S. presidential elections, Mr. Musk’s reported drug use and his various business ventures. Lemon said he would release the interview on March 18 on YouTube and would continue to share his content on X. “My questions were respectful and wide ranging, covering everything from SpaceX to the presidential election,” Mr.
Persons: Elon Musk, Don Lemon’s, Musk, Lemon, Musk’s, ” Mr, , Organizations: Elon, X, Twitter, YouTube, SpaceX, The New York Times Locations: Austin , Texas
Four former Twitter executives sued Elon Musk on Monday, accusing the billionaire of withholding severance payments worth $128 million after he fired them from the company during his 2022 takeover. When Mr. Musk bought Twitter for $44 billion, he fired Parag Agrawal, its chief executive; Ned Segal, its chief financial officer; Vijaya Gadde, its head of legal and policy; and Sean Edgett, its general counsel. Mr. Musk later renamed the company X. In the event of an involuntary termination, Mr. Agrawal was entitled to a so-called golden parachute payment of $60 million, according to a Twitter securities filing. Under those same circumstances, Mr. Segal would receive $46 million and Ms. Gadde $21 million, according to the filing.
Persons: Elon Musk, Musk, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Agrawal, Segal, Gadde Organizations: Twitter, Northern, Northern District of Locations: U.S, Northern District, Northern District of California
Terrorists Are Paying for Check Marks on X, Report Says
  + stars: | 2024-02-14 | by ( Kate Conger | ) www.nytimes.com   time to read: +1 min
X, the social media platform owned by Elon Musk, is potentially violating U.S. sanctions by accepting payments for subscription accounts from terrorist organizations and other groups barred from doing business in the country, according to a new report. The report, by the Tech Transparency Project, a nonprofit focused on accountability for large technology companies, shows that X, formerly known as Twitter, has taken payments from accounts that include Hezbollah leaders, Houthi groups, and state-run media outlets in Iran and Russia. The subscriptions, which cost $8 a month, offer users a blue check mark — once limited to verified users like celebrities — and better promotion by X’s algorithm, among other perks. “We were surprised to find that X was providing premium services to a wide range of groups the U.S. has sanctioned for terrorism and other activities that harm its national security,” said Katie Paul, the director of the Tech Transparency Project. “It’s yet another sign that X has lost control of its platform.”
Persons: Elon Musk, , , Katie Paul, Organizations: Elon, Tech, U.S . Treasury Department, . Locations: Iran, Russia, U.S
How X Is Trying to Win Over Influencers
  + stars: | 2024-02-02 | by ( Kate Conger | ) www.nytimes.com   time to read: +1 min
The last time Don Lemon sat down to film a TV segment in April, he perched on a stool in front of the glaring lights of a CNN studio. He will begin his next act, “The Don Lemon Show,” on X, the platform formerly known as Twitter. In its former life as Twitter, the social media service never quite figured out how to attract influencers — and the money that comes with them. Linda Yaccarino, X’s chief executive, is now relying on her television industry ties to make the site a destination for video creators. If successful, the effort could bring advertisers and eyeballs back to the platform after its owner, Elon Musk, excoriated brands and told them not to spend their money with X.
Persons: Don Lemon, Lemon, X, influencers, Linda Yaccarino, Elon Musk Organizations: CNN, Twitter
One proposal to Mr. Zuckerberg for 45 new staff members was declined. It was rejected and he returned to Mr. Zuckerberg in November with a scaled-down proposal for 32 new hires. It is unclear what Mr. Zuckerberg decided. At the hearing, Mr. Zuckerberg plans to suggest that Apple bear the responsibility for verifying ages via its App Store, according to his prepared remarks. Mr. Zuckerberg has long positioned Meta — and the internet writ large — as a place for both good and ill.
Persons: Mark Zuckerberg, Zuckerberg, Meta, Richard Blumenthal, Marsha Blackburn, Mr, Blumenthal, “ We’ve, Andy Stone, Sheryl Sandberg, Nick Clegg, Clegg, Zuckerberg’s, , Organizations: Meta, Facebook, Republican, Apple Locations: Connecticut, Tennessee
One proposal to Mr. Zuckerberg for 45 new staff members was declined. It was rejected and he returned to Mr. Zuckerberg in November with a scaled-down proposal for 32 new hires. It is unclear what Mr. Zuckerberg decided. At the hearing, Mr. Zuckerberg plans to suggest that Apple bear the responsibility for verifying ages via its App Store, according to his prepared remarks. Mr. Zuckerberg has long positioned Meta — and the internet writ large — as a place for both good and ill.
Persons: Mark Zuckerberg, Zuckerberg, Meta, Richard Blumenthal, Marsha Blackburn, Mr, Blumenthal, “ We’ve, Andy Stone, Sheryl Sandberg, Nick Clegg, Clegg, Zuckerberg’s, , Organizations: Meta, Facebook, Republican, Apple Locations: Connecticut, Tennessee
Fake, sexually explicit images of Taylor Swift likely generated by artificial intelligence spread rapidly across social media platforms this week, disturbing fans who saw them and reigniting calls from lawmakers to protect women and crack down on the platforms and technology that spread such images. X suspended several accounts that posted the faked images of Ms. Swift, but the images were shared on other social media platforms and continued to spread despite those companies’ efforts to remove them. While X said it was working to remove the images, fans of the pop superstar flooded the platform in protest. They posted related keywords, along with the sentence “Protect Taylor Swift,” in an effort to drown out the explicit images and make them more difficult to find.
Persons: Taylor Swift, X, Swift, Ben Colman Organizations: Twitter
Elon Musk hit out at brands that have pulled their advertising from X after he endorsed an antisemitic conspiracy theory on the social media platform. Mr. Musk apologized for the post at the DealBook Summit in New York on Wednesday, but said that the advertisers were attempting to “blackmail” him. His message for those brands was simple: “Don’t advertise” and used an expletive multiple times to emphasize his point. About 200 big advertisers, including Disney, Apple and IBM, stopped spending on X after Mr. Musk agreed with a post that accused Jewish communities of pushing “hatred against whites that they claim to want people to stop using against them.” If the freeze continues, it could end up costing the company up to $75 million this quarter, according to internal documents seen by The New York Times. Although Mr. Musk acknowledged that an extended boycott could bankrupt X, he suggested that the public would blame the brands rather than him for its collapse.
Persons: Elon Musk, Musk, Organizations: Disney, Apple, IBM, The New York Times Locations: New York
X, the social media company formerly known as Twitter, could lose as much as $75 million in advertising revenue by the end of the year as dozens of major brands pause their marketing campaigns after its owner, Elon Musk, endorsed an antisemitic conspiracy theory this month. They list how much ad revenue X employees fear the company could lose through the end of the year if advertisers do not return. On Friday, X said in a statement that $11 million in revenue was at risk and that the exact figure fluctuated as some advertisers returned to the platform and others increased spending. The company said the numbers viewed by The Times were either outdated or represented an internal exercise to evaluate total risk. X is also running ad campaigns during the holiday period to try to make up for revenue shortfalls.
Persons: Elon Musk, Musk, X, Musk’s, Linda Yaccarino, ” Leesha Anderson, , Uber, Jack, Netflix’s, Chris Christie, it’s Elon Musk, Yaccarino, ” X, , , Ms, “ Lean, Tiffany Hsu Organizations: The New York Times, IBM, Apple, Disney, X, Microsoft, The Times, Twitter, Netflix, Google, NBC Universal, NBC, Press, Republican, Media, National Football League, New York Times, Athletic Locations: , Gaza, Israel
X, the social media service formerly known as Twitter, sued Media Matters in federal court on Monday after the advocacy organization published research showing that ads on X appeared next to antisemitic content. A post last week from Elon Musk that endorsed an antisemitic conspiracy theory, which he wrote a day before the Media Matters research was published, kicked off an advertiser exodus, with major brands like IBM, Apple, Warner Bros. X has rejected Media Matters’ findings, saying they were not representative of a regular user’s experience on the platform. On Friday, Mr. Musk promised a “thermonuclear lawsuit” against Media Matters and its backers. The lawsuit, filed in U.S. District Court for the Northern District of Texas, claims that Media Matters tried to damage X’s relationships with advertisers.
Persons: Elon Musk, Musk, , X Organizations: Twitter, Media, Elon, IBM, Apple, Warner Bros . Discovery, Sony, Media Matters, Northern, Northern District of, Locations: U.S, Northern District, Northern District of Texas
More major advertisers have paused their spending on X, the social media service formerly known as Twitter, as the backlash continued over Elon Musk’s endorsement of an antisemitic conspiracy theory on X. The spending freeze comes as X has fought to win back advertisers who were wary of spending on the platform after Mr. Musk took it over a year ago and said he would loosen content moderation rules. The organization followed accounts that posted the content, then refreshed the X timeline until ads appeared, X said in a blog post. Only one of the nine posts highlighted by Media Matters violated its content moderation rules, X added. “Musk admitted the ads at issue ran alongside the pro-Nazi content we identified.
Persons: X, Musk, ” Mr, Robert Bowers, Andrew Bates, Hitler, ” X, Joe Benarroch, , Angelo Carusone, “ Musk, ” Ryan Mac Organizations: Elon, Warner Bros, Sony, IBM, Apple, Lionsgate, Paramount Global, CBS, Twitter, White, Media Matters, Nazi Party, X Corp, Media, , ” Media Locations: Israel, Pittsburgh
New York CNN —Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The Consumer Price Index rose 3.2% for the 12 months ended in October. That’s down from 3.7% the prior month, according to fresh data from the Bureau of Labor Statistics. That brings the annual increase to 4%, the lowest annual increase since September 2021. The October Producer Price index, retail sales and building permits and housing starts data are also slated for release this week.
Persons: Stocks, That’s, Price, , , Brad Conger, Callaghan Organizations: New, New York CNN, Dow, Nasdaq, Bureau of Labor Statistics, CPI, Treasury, Federal Reserve, Traders, Co, , Moody’s, Home Depot, Wall Locations: New York
After Nicholas Campiz evacuated from Kyiv, Ukraine’s capital, in February 2022, he stayed glued to Twitter. “As more Ukrainians hopped onto Twitter to tell their story, you had a lot of good accounts from them,” Mr. Campiz said. When war broke out this month in Israel and Gaza, Mr. Campiz, 40, a cartographer who now lives in Florida, turned to Twitter again. With the war in Ukraine, “Twitter was invaluable because you were able to get connected to accounts that were providing good information,” he said. “I feel really helpless in this Israel-Gaza thing because on Twitter now, the ability to do that is just gone.”
Persons: Nicholas Campiz, ” Mr, Campiz, , Organizations: Twitter Locations: Kyiv, Ukraine’s, Tbilisi , Georgia, Israel, Gaza, Florida, Ukraine
"America's Collection: The Art and Architecture of the Diplomatic Reception Rooms at the US Department of State." Durston Saylor/Courtesy Rizzoli The Thomas Jefferson State Reception Room. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room, which was designed by Walter M. Macomber. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room. Durston Saylor/Courtesy Rizzoli The design of diplomacy: See inside the lavish reception rooms at the US State Department Prev NextRooms that take you back in time“America’s Collection” gives those without diplomatic credentials a chance to experience that moment.
Persons: Harry S, John Kerry, Obama, Kerry, Truman, Oz, Durston Saylor, Benjamin Franklin, John Blatteau, Thomas Jefferson, James Monroe, Walter M, John Quincy Adams, Childe Hassam, Edmund C, Martin Van Buren, Henry Clay, George Washington, , Francis Scott Key, Paul Revere, John Adams, Clement Conger, Edward Vason Jones, Benjamin West's, John Jay, Henry Laurens, William Temple Franklin, Bruce M, Jones, King George III, Mark Alan Hewitt, Adams, Louisa Catherine, Martha Washington, Alexandra Kirtley, ” Kirtley, Kirtley, , Betsy Kornhauser, Kornhauser, , Joshua Shaw, Thomas Cole, Cole, Virginia Hart, ” —, Walter Thurston Gentlemen's, we’re, ” Hart Organizations: DC CNN, US, Truman, US Department of State, State Department, Benjamin, Thomas, James, James Madison, Henry, American, Department, Powel, York’s Metropolitan Museum of Art, Winterthur Museum, Library, Philadelphia Museum of Art, CNN, Metropolitan Museum of Art, River School, , , Department of State, Rizzoli Electa Locations: Washington, United States, Virginia, Mount Vernon, Paris, Great Britain, Philadelphia, British, Delaware, China, American, Europe
Former President Donald J. Trump returned to X, the social media platform formerly known as Twitter, on Thursday night after a hiatus of more than two years. Mr. Trump posted a link to his website and a photo of his mug shot in his first new post on X since Twitter banned his account after the U.S. Capitol riot on Jan. 6, 2021. “Never surrender!” the caption under the mug shot read. Mr. Trump returned to X one day after the airing of an interview he gave to Tucker Carlson, the former Fox News host, who now streams his talk shows on the service. When Twitter barred Mr. Trump, the company said he had glorified violence with his posts on the platform, encouraging his supporters to storm the Capitol.
Persons: Donald J, Trump, , Tucker Carlson, Elon Musk, , Mr Organizations: Twitter, U.S, Capitol, Fox News
X Slows Down Access to Some Rival Sites
  + stars: | 2023-08-15 | by ( Kate Conger | More About Kate Conger | ) www.nytimes.com   time to read: +1 min
X, the social media service formerly known as Twitter, slowed down access from its platform to rival sites such as Substack and Facebook, but on Tuesday began reversing an effort to restrict its users from quickly viewing news sites, according to a New York Times analysis. The slowness, known in tech parlance as “throttling,” initially affected rival social networks including Facebook, Bluesky and Instagram, as well as the newsletter site Substack and news outlets including Reuters and The New York Times, according to The Times’s analysis. The delay to load links from X was relatively minor — about 4.5 seconds — but still noticeable, according to the analysis. By Tuesday afternoon, the delay to reaching the news sites appeared to have lifted, according to The Times’s analysis. X did not comment on the throttling, which was first noticed by users.
Persons: Elon Musk Organizations: Twitter, Facebook, New York Times, Reuters, The New York Times, Washington Post
Shares, dollar gains after moderate US CPI data
  + stars: | 2023-08-10 | by ( Herbert Lash | ) www.reuters.com   time to read: +5 min
The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June. The pace of core CPI, which strips out volatile food and energy prices, slowed to 4.7% in July from 4.8% the prior month. But investors remained cautious as another CPI report and jobs data await Fed policymakers before their next meeting in September. MSCI's gauge of stock performance across the globe (.MIWD00000PUS) gained 0.38%, while the pan-European STOXX 600 index (.STOXX) rose 0.79%. Gold prices ticked up after the U.S. inflation data on speculation the Fed is at the end of its rate hike cycle.
Persons: Brendan McDermid, Russell Price, Price, Brad Bechtel, Brad Conger, Callaghan, Brent, Herbert Lash, Samuel Indyk, Ankur Banerjee, Edwina Gibbs, Sam Holmes, Susan Fenton, Alexandra Hudson, Richard Chang Organizations: New York Stock Exchange, REUTERS, Global, Labor Department, Reuters, Fed, Ameriprise, FX, Jefferies, Co, Dow Jones, Nasdaq, Treasury, U.S, Thomson Locations: New York City, U.S, Troy , Michigan, Conshohocken , Pennsylvania, CHINA, China, Asia, Pacific, Japan, London
So What Do We Call Twitter Now Anyway?
  + stars: | 2023-08-03 | by ( Kate Conger | More About Kate Conger | ) www.nytimes.com   time to read: +1 min
The bewilderment stems from Mr. Musk’s move last month to rebrand Twitter, which he owns, as X. The rebranding has been hair-raising for Twitter fans, who embraced the company’s iconic blue-and-white bird logo and used a bird-related lexicon when talking about the platform. A tweet referred to a post; tweeting was a verb for posting, and sharing another person’s post was known as retweeting. Some people have wondered if the X name will stick, especially with the word tweets still appearing on the site. The app’s home button is also still shaped like a birdhouse, and the company’s website — at least for now — remains Twitter.com.
Persons: Elon Musk, Musk’s, Snapchat, tweeting, Organizations: Twitter, Facebook, Meta
One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.
Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, , “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, , Steven A, Schwartz, , they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, , Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison,
The Labor Department reported that U.S. job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation. Futures traders raised to 70% the probability of a 25 basis points hike at the Fed's June 13-14 policy meeting. FEDWATCHFed Governor and vice chair nominee Philip Jefferson said skipping a rate hike in two weeks would provide policymakers time to see more data before making a decision. The Labor Department's closely watched May unemployment report, due on Friday, could decide whether a rate hike occurs. Intel was the biggest gainer on the S&P 500 as the chipmaker said it was on track to hit the upper end of its second-quarter revenue forecast.
Persons: Brendan McDermid, Joe Biden, it's, Brad Conger, Callaghan, Conger, FEDWATCH, Philip Jefferson, Patrick Harker, Tim Ghriskey, we've, Nvidia Corp's, Herbert Lash, Shreyashi Sanyal, Shashwat Chauhan, Shounak Dasgupta, Maju Samuel, Richard Chang Organizations: New York Stock Exchange, REUTERS, Senate, Co, Labor Department, Philadelphia Fed, Inverness, Labor, Dow Jones, Nasdaq, Technology, Federal Deposit Insurance Corporation, Parts Inc, Genuine, O'Reily, Hewlett Packard Enterprise Co, Nvidia, Intel, Thomson Locations: New York City, U.S, Conshohocken , Pennsylvania, New York, Bengaluru
Twitter on Thursday sent a letter to Satya Nadella, Microsoft’s chief executive, accusing the tech giant of improperly using the social media company’s data. In the letter, which was reviewed by The New York Times, Twitter said Microsoft had violated an agreement over its data and had declined to pay for that usage. In some cases, the letter said, Microsoft had used more Twitter data than it was supposed to. Microsoft also shared the Twitter data with government agencies without permission, the letter said. The letter may be a prelude to Twitter trying to charge Microsoft for its data.
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