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Elon Musk weighed in on Taylor Swift's concerns about jet tracking. Musk, who has spoken out against the student who tracks his jet, said Swift should be "concerned." "Taylor Swift is right to be concerned." Taylor Swift is right to be concerned. Sweeney told BI he's never meant any harm to the people whose jets he tracks, but created the accounts because he believes in "transparency and public information."
Persons: Elon Musk, Taylor, Swift, , Taylor Swift, Jack Sweeney, Sweeney, Musk, Ian Miles Cheong, — Elon, stalkers, Donald Trump, Mark Zuckerburg Organizations: Elon, Service, University of Central Florida, Federation Aviation Administration, FAA
A once-robust alliance of federal agencies, tech companies, election officials and researchers that worked together to thwart foreign propaganda and disinformation has fragmented after years of sustained Republican attacks. The most recent setback came when the FBI put an indefinite hold on most briefings to social media companies about Russian, Iranian and Chinese influence campaigns. "We're having some interaction with social media companies," Wray said. "The symbiotic relationship between the government and the social media companies has definitely been fractured." Tech companies are still sharing their findings with each other, a Meta spokesperson told NBC News.
Persons: Christopher Wray, Wray, Sen, Mitt Romney, they're, Mark Warner, Warner, Hillary Clinton's, Barack, CISA, Joe Biden, Donald Trump, Hunter, Mark Zuckerburg, Hunter Biden, didn't, Biden, Nina Jankowicz, Jankowicz, Jen, Jim Jordan, Kara Swisher, we're, Elon Musk, wasn't Organizations: U.S, Capitol, Washington , D.C, GOP, FBI, Force, NBC News, Senate Homeland Security Committee, Justice Department, Committee, Republican, Infrastructure Security Agency, Department of Homeland Security, Microsoft, Senate Intelligence, Kremlin, Internet Research Agency, Facebook, Twitter, National Security Agency, Democrats, New, Digital, Republicans, Homeland Security, Wired, Rep, Tech Locations: Washington ,, Silicon Valley, R, Utah, Russia, Iran, China, U.S, Illinois, CISA, New York, Missouri, Louisiana, Ohio, Israel
The TikTok hearing was an ugly political theater
  + stars: | 2023-03-23 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —Despite lacking evidence for their belief that TikTok is a spying tool for the Chinese Communist Party, US lawmakers from both parties on Thursday carried out an ugly political theater to advance that narrative. But — and I cannot stress this enough — the national security concerns are purely hypothetical. And against that tense (not to mention deeply xenophobic) backdrop, everyone in Washington is bolstering their “tough in China” credentials. “We see this handwringing about TikTok as a big distraction from the conversation that we really need to be having,” Greer said. “It’s a national embarrassment that we have no basic data privacy law in the United States.”Enjoying Nightcap?
The SPDR S & P Internet ETF has lost more than 50% year to date amid rising inflation and higher interest rates. The major correction in internet sector multiples occurred in 2021 and the first half of 2022, but those multiples have stabilized over the last several months, said Evercore ISI analyst Mark Mahaney. Meta and Spotify Technology are both trading 65% below their pre-Covid average multiples, according to Evercore ISI. His top mega-cap internet stock is Netflix , which is trading 31% below its pre-Covid average multiple. Its core subscription business can also return to growth, Mahaney said.
These are tumultuous times for Meta , with investors fleeing the stock and the metaverse having its fair share of struggles and other economic headwinds. The stock in late September plunged to trade at its lowest since January 2019 — and has since dropped even more. Users are jumping ship and advertisers are reducing their spending, leaving Meta poised to report its second straight drop in quarterly revenue. Meta also lost $2.81 billion on $452 million in revenue from its virtual reality division during the quarter ending in June — as it spent heavily to develop virtual reality and augmented reality products. Two tech investors faced off on CNBC's " Street Signs Asia " on Wednesday to make a case for and against buying the stock.
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