DIRS.INFO The most relevant business & tech news

☆ As Americans head to the polls, social media companies are in the spotlight
▼ + stars: | 2024-11-05 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +15 min

Beata Zawrzel | Nurphoto | Getty ImagesWith Americans heading to the polls on Election Day, social media companies like Meta , TikTok, X and YouTube are under intense pressure to handle what's expected to be a flood of disinformation, heightened by the rise of artificial intelligence. The video amassed hundreds of thousands of views within hours after it was posted on Elon Musk's social media platform X. And TikTok failed to catch ads containing false election information despite its ban on political advertising, according to an October report from Global Witness. On Facebook and Instagram, Meta said it's adding fact-check labels to election content that's been debunked. In sharing dozens of posts a day on X, Musk regularly amplifies false election information to his more than 200 million followers.

Persons: Kamala Harris, Donald J, Beata Zawrzel, It's, Hillary Clinton, Meta, it's, aren't, Mark Zuckerberg, Celal, that's, Adam Mosseri, Mosseri, we've, National Intelligence Avril Haines, TikTok, Donald Trump, Joe Biden, Tesla, Elon Musk, Carlos Barria Carlos Barria, Reuters X, Musk, Trump, YouTube Omar Marques, Evan Spiegel, Joe Scarnici, Brendan Mcdermid Organizations: Trump, Twitter, Nurphoto, Meta, YouTube, Russian, Democratic, Infrastructure Security Agency, FBI, National Intelligence, Elon, stoke, CNBC, NBC News, Global, Washington DC, Anadolu, Getty, Reuters, USA, Associated Press, Facebook, Instagram, Election, Democracy Works, TikTok's, AP, Republican, U.S, Madison, REUTERS, Lightrocket, Google, Snap Inc, Barker, Vote.org, NBC, Poynter Institute, Traders, New York Stock Exchange Locations: Russia, Iran, China, Pennsylvania, CISA, North Carolina, Dirksen, Washington, United States, U.S, PolitiFact, New York, Santa Monica , California, New York City

☆ Brazil lifts ban on X after Elon Musk complies with court orders
▼ + stars: | 2024-10-08 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Elon Musk's X is getting back up and running in Brazil after a months-long standoff between the company and the country's federal supreme court minister, Alexandre de Moraes. "X is proud to return to Brazil," the company wrote in a post on X from its global government affairs account. Rather than comply, Musk initially closed X's headquarters in Brazil, and said he wouldn't employ a legal representative there for a time. G1 Globo news reported that users were regaining access to X on Tuesday after the court authorization.

Persons: Alexandre de Moraes, Elon Musk's, de Moraes, Brazil's, Musk, Voldemort, Moraes, Brazilenese, X, Tim Higgins Organizations: Federal Supreme Court, Elon, SpaceX, Globo Locations: Brazil, Brazilian

☆ X users in Brazil temporarily regained access. Elon Musk's company says it was accidental.
▼ + stars: | 2024-09-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk's X says it accidentally restored temporary access to the social media platform in Brazil on Wednesday, just weeks after it was banned in the country. This story is available exclusively to Business Insider subscribers. This made "blocking the app much more complicated," the country's trade group for internet service providers added. In response, Musk closed X's Brazil offices and refused to comply with an order to name a legal representative in the country. X didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Elon Musk's, ABRINT, Basílio Rodriguez Pérez, Pérez, Musk, Alexandre de Moraes, X, Moraes, X didn't Organizations: Service, Global Government Affairs, Business, Brazilian Association of Internet, Telecommunications Providers, BBC, AFP, New York Times Locations: Brazil, Brazilian, Moraes

☆ Brazil's top court orders nationwide suspension of Elon Musk's X
▼ + stars: | 2024-08-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Brazil's supreme court on Friday ordered a nationwide suspension of Elon Musk's social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in the country. Hours later, the court issued a second order suspending some of the measures in its first 51-page order against X. A suspension of X in Brazil could cause business problems for Musk's already embattled company. Musk has repeatedly denounced de Moraes' court orders as censorship. In its Thursday statement, X said de Moraes court had taken "illegal actions" against the company.

Persons: Elon, Alexandre de Moraes, de Moraes, Moraes, Musk, Starlink, De Moraes, X, Voldemort Organizations: Globo, Apple, Google, Twitter, World Bank, CBS, Starlink, Musk's SpaceX, U.S, Brazil weren't Locations: Brazil, NATO, U.S

☆ Elon Musk hits out at judge threatening to suspend X in Brazil
▼ + stars: | 2024-08-29 | by ( Duarte Mendonca | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk has stepped up online attacks on a Supreme Court judge threatening to suspend social media platform X in Brazil, calling him “an evil dictator” in an ongoing feud between the two men. Justice Alexandre de Moraes had threatened to suspend X if Musk did not appoint a new legal representative of the company in Brazil and settle any outstanding daily fines within 24 hours. X announced earlier this month that it would close its operations and fire its staff in Brazil due to what it called “censorship orders” from the judge. The statement from the Supreme Court was posted at around 8.30 p.m. local time on Wednesday, giving Musk until Thursday evening local time to respond. The responsibility lies solely with Alexandre de Moraes.”Later that day, Musk reiterated the official X statement, saying his company had “no choice” but to close Brazilian operations.

Persons: CNN — Elon Musk, ”, Alexandre de Moraes, “ Alexandre de Moraes, cosplaying, Moraes, Darth Vader, de Moraes, De Moraes, ’, de Moraes ’, Musk, ’ Alexandre, X Organizations: CNN, X’s Global Government Affairs, Associated Press, ‘ Locations: Brazil

☆ Musk ramps up attacks on Brazil’s top judge as X faces possible suspension, Starlink finances frozen
▼ + stars: | 2024-08-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

X Global Government Affairs issued a statement on Thursday evening ahead of an anticipated suspension of its platform in Brazil. A suspension of X in Brazil could cause serious business problems for the already embattled social network. And under Brazil's laws, social networks there have to employ someone who can receive and consider government takedown notices about political misinformation. X has no such employee in Brazil, after the company said it was removing all its employees from the country earlier this month. Mark my words," Musk wrote to de Moraes and Musk's 195.8 million listed followers on X.

Persons: Elon Musk, The Beverly Hilton, Tesla, Alexandre de Moraes, de Moraes, De Moraes, Musk, Alexandre Organizations: SpaceX, Tesla, The Beverly, X Corp, Brazilian, X Global Government Affairs Locations: Beverly Hills , California, U.S, Brazil

☆ X closes office in Brazil amid Elon Musk's censorship feud with Supreme Court judge Alexandre de Moraes
▼ + stars: | 2024-08-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewX's office in Brazil is set to close "immediately" amid an escalation in Elon Musk's public feud with Brazilian Supreme Court judge Alexandre de Moraes. "Last night, Alexandre de Moraes threatened our legal representative in Brazil with arrest if we do not comply with his censorship orders," the X Global Government Affairs office announced in a post on the platform. The social media platform remains available for residents of Brazil to access, the company's post noted. X initially agreed to block the accounts per Brazil's legal orders, complying with content moderation requests similar to those made by Turkey, which the platform has previously agreed to honor.

Persons: —, Alexandre de Moraes, Rachel Nova Conceicao, Moraes, De Moraes, Jair Bolsonaro, de Moraes, Brazil's, Jair Bolsonaro's, X, Musk Organizations: Service, Brazilian, X Global Government Affairs, Business, The National High Court, Reuters, Global Government Affairs Locations: Brazil, Elon, Turkey, andover

☆ Australia drops case against Elon Musk's social media platform X over church stabbing footage
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australia on Wednesday announced it had dropped its legal battle against Elon Musk's X to have graphic footage of a church stabbing in Sydney removed from the social media platform. The dispute was widely seen as a test case for the Australian government's ability to enforce its online safety standards on the social media giants. Julie Inman-Grant, Commissioner of Australia's online safety regulator, said in a statement that after weighing "multiple considerations," she decided that discontinuing the proceedings would "likely achieve the most positive outcome for the online safety of all Australians, especially children." I stand by my investigators and the decisions eSafety made," Inman-Grant said, referencing Australia's independent regulator for online safety. Last month, the Musk-owned social media platform won a reprieve in Australia when a court refused to extend a temporary order blocking videos of a Sydney church stabbing globally.

Persons: Elon Musk, Tesla, Elon Musk's, Julie Inman, eSafety, Inman, Grant, Musk, Bishop Mar Mari Emmanuel, Australia's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Wednesday, Grant, X's Global Government Affairs Locations: Beverly Hills , California, Australia, Sydney, Australian

☆ Elon Musk is waging war on multiple fronts — and now Australia is in the firing line
▼ + stars: | 2024-04-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Musk has been in public spats with Brazil's Supreme Court and the Australian government this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk said on Friday: "The Australian censorship commissar is demanding global content bans." Musk said on X the content had been "censored" for Australia, "pending legal appeal, and it is stored only on servers in the USA." Representatives for Musk did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Elon, Musk, —, That's, he's, Mar Mari Emmanuel, Australia's, Tanya Plibersek, Alexandre de Moraes, de Moraes, Brazil's, De Moraes, Volodymyr Zelenskyy, Zelenskyy's, Donald Trump Jr Organizations: Twitter, Brazil's, Service, Reuters, Australia's eSafety, BBC News, SpaceX, Getty, Business Locations: Sydney, Australian, Australia's, Australia, USA, Brazil, Russia, Ukraine, Crimea, Ireland, Dublin

☆ Brazilian President Lula indirectly calls out Elon Musk on climate crisis, further fueling tensions
▼ + stars: | 2024-04-09 | by ( Heather Law | Julia Vargas Jones | ) edition.cnn.com time to read: +3 min

New York CNN —Brazilian President Luiz Inácio Lula da Silva indirectly called out Elon Musk on the climate crisis on Tuesday, further increasing tensions between the country’s leaders and the billionaire businessman. Lula published the same comments in a post on X, the social media platform that Musk owns, further adding, “He will have to learn to live here. Lula’s comments come as tensions between Musk and Brazil steadily escalate. Brazilian Supreme Court Judge Alexandre de Moraes also announced he would open an inquiry into Musk. We are prohibited from saying which court or judge issued the order, or on what grounds,” the team wrote.

Persons: Luiz Inácio Lula da Silva, Elon Musk, Lula, Jorge Messias, Alexandre de Moraes, de Moraes, @Alexandre de Moraes, Musk, Moraes, “ brazenly, ”, Javier Milei, Jair Bolsonaro, Manuel Adorni, CNN’s Hanna Ziady, Duarte Mendonca, Ramishah Maruf Organizations: New, New York CNN, Union, Municipalities, Brazilian, Brazil ” Locations: New York, Mars, Brazil, Brazilian, Argentine, Texas, Brasilia, United States

☆ Elon Musk just found someone else to fight with
▼ + stars: | 2024-04-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Read previewAnother day, another feud for Elon Musk. Musk, for his part, alleged de Moraes was betraying the Brazilian Constitution and said he should resign or be impeached. AdvertisementOn Saturday, X's Global Government Affairs account confirmed it had been forced to block "certain popular accounts in Brazil" — and Musk personally called out de Moraes. But that same day, Musk said X would not block the accounts in question. Related storiesOn Sunday, Musk added that he would share all of de Moraes' demands publicly and encouraged users to download a virtual private network.

Persons: —, Elon Musk, Alexandre de Moraes, de Moraes, De Moraes, Brazil's, Jair Bolsonaro, Musk Organizations: Service, Business, Associated Press, X's Global Government Affairs, AP, X Global Government Affairs Locations: Brazil, India, Turkey

☆ Clash with Elon Musk prompts calls for social media controls in Brazil
▼ + stars: | 2024-04-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Supreme Court Justice Alexandre de Moraes announced Sunday that he would open an inquiry into the billionaire businessman who owns X. Musk suggested that Moraes was behind the ban, writing Sunday on X that the judge had “brazenly and repeatedly betrayed the constitution and people of Brazil. “As a result, we will probably lose all revenue in Brazil and have to shut down our office there. X has faced criticism for accommodating government censorship demands in the past, with Musk saying the company has no choice but to comply. For example, it blocked some X accounts in Turkey at the behest of the government ahead of the country’s elections last year, while at the same time contesting the orders in court.

Persons: London CNN —, Elon Musk, Jorge Messias, Alexandre de Moraes, ”, Orlando Silva, Suamy, Jair Bolsonaro, Musk, Moraes, “ brazenly, “, X Organizations: London CNN, Elon, Sunday, Brazil ” Locations: Brazilian, Brazil, Brasilia, United States, Turkey

☆ Elon Musk's X suspends some India accounts after order from Modi government
▼ + stars: | 2024-02-22 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +3 min

Elon Musk's social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by the government. X said it did not agree with the order but failure to comply would subject the company to "potential penalties including significant fines and imprisonment." Tens of thousands of Indian farmers — mostly from the northern state of Punjab — have been protesting since mid-February in renewed calls for better crop prices which were promised to them in 2021. In October, the Modi government warned Musk that X would have to comply to country's new and upcoming IT rules. However, it has written an appeal challenging the Indian government with accounts that are pending to be blocked, the company said.

Persons: Elon, X, Jack Dorsey —, Musk —, Narendra Modi's, Modi, Musk, Naman Tandon Organizations: Global Government Affairs, CNBC, country's Ministry of Information, Broadcasting, Reuters, Twitter Locations: Punjab, Haryana, Ambala, India, New Delhi, Delhi, Pakistan, Sri Lanka

These two diverging camps — the open and the closed — disagree about whether to build AI in a way that makes the underlying technology widely accessible. "So it’s not like a thing that is locked in a barrel and no one knows what they are.”Political Cartoons View All 1277 ImagesWHAT'S OPEN-SOURCE AI? Part of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Weights are numerical parameters that influence how an AI model performs.

Persons: they’re, That's, ”, Darío Gil, Alliance —, ” Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, “, Oppenheimer ’, Camille Carlton, Yann LeCun, LeCun, fearmongering, ” LeCun, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Tech, Meta, IBM, Alliance, Google, Microsoft, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

☆ Meta and IBM launch alliance advocating 'open science' approach to AI, putting them at odds with rivals like Google and OpenAI
▼ + stars: | 2023-12-05 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Meta and IBM have launched an alliance that's calling for an "open science" approach to AI development. Facebook parent Meta and IBM on Tuesday launched a new group called the AI Alliance that's advocating for an "open science" approach to AI development that puts them at odds with rivals Google, Microsoft and ChatGPT-maker OpenAI. AdvertisementPart of the confusion around open-source AI is that despite its name, OpenAI — the company behind ChatGPT and the image-generator DALL-E — builds AI systems that are decidedly closed. An increasingly public debate has emerged over the benefits or dangers of adopting an open-source approach to AI development. Biden's order described open models with the technical name of "dual-use foundation models with widely available weights" and said they needed further study.

Persons: —, they're, That's, Darío Gil, Alliance —, Gil, OpenAI, Ilya Sutskever, there's, David Evan Harris, Harris, Oppenheimer, Camille Carlton, Yann LeCun, LeCun, fearmongering, Chris Padilla, Joe Biden's, Gina Raimondo Organizations: Meta, IBM, Google, Microsoft, Service, Tech, Alliance, Dell, Sony, AMD, Intel, Associated Press, Stanford University, University of California, for Humane Technology, Frontier Model, Windows, Commerce, European Locations: Berkeley

☆ X and TikTok are both under fire from the EU over hate speech and Israel-Hamas disinformation
▼ + stars: | 2023-11-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

TikTok's CEO and an X executive met with the European Commission's Věra Jourová on Tuesday. She said they both need to "step up" their efforts to counter hate speech. AdvertisementAdvertisementTikTok and X, formerly Twitter, need to "step up" their efforts countering hate speech, a European Commission vice president said. In posts on X, Jourová said the meetings were constructive but pointed out several areas of improvement, adding that X needs to do more to comply with the Digital Services Act. AdvertisementAdvertisementAs well as illegal hate speech, Jourová raised concerns about the platforms hosting pro-Hamas content in the wake of its attacks on Israel in October.

Persons: Jourová, —, Věra Jourová, Shou Zi Chew, Nick Pickles, X's, X, Elon Musk, TikTok Organizations: Service, European Commission, Digital Services, EU, Hamas, Elon Locations: Israel, Gaza, EU, Brussels

☆ Elon Musk's X is being used as a key 'weapon of mass manipulation' for Russian disinformation, the EU says, and warns it is 'watching' the social network
▼ + stars: | 2023-09-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

An EU report found X has the highest proportion of Russian disinformation of any major social network. AdvertisementAdvertisementThe EU has warned that X, the social media company owned by Elon Musk, must clamp down on disinformation, after a study found that Russian propaganda was proliferating on the site. A report from the European Commission found that X, formerly Twitter, had the highest proportion of Russian disinformation of any of the major social media platforms, as Musk continues to overhaul the social network's anti-disinformation policies. The report examined 6,000 posts from Spain, Slovakia, and Poland made across a number of social media platforms. Posting on X, the company's Global Government Affairs team said that X was committed to complying with the Digital Services Act.

Persons: —, Elon Musk, Musk, Vera Jourova, Mr Musk, Jourova, X Organizations: Service, Elon, Commission, Twitter, Bloomberg, European, BBC, EU, Google, Meta, Microsoft, Digital Services, company's Global Government Affairs Locations: EU, Spain, Slovakia, Poland, Ukraine

via REUTERS Acquire Licensing RightsNEW DELHI, Sept 23 (Reuters) - Social media platform X's head of policy for India and South Asia, Samiran Gupta, has resigned, two sources said, a top departure that comes ahead of India elections and as the company fights a court battle with New Delhi over content removal. Gupta was the most senior India employee for X, formerly known as Twitter, and responsible for "key content-related policy issues" and "defending Twitter's position with new policy developments and support in-country sales organization," according to his LinkedIn profile. Gupta, who was designated as X's Head of Global Government Affairs for India and South Asia, declined to comment to Reuters. There are roughly 15 X employees in functions like compliance and engineering in India, said one of the sources, but Gupta was the only executive engaging with the government and political parties. India in September told a court X is a "habitual non-compliant platform" and for years has not followed many orders to remove content, undermining the government's role.

Persons: Samiran Gupta, Gupta, Elon Musk, Musk, Narendra Modi, Aditya Kalra, Simon Cameron, Moore Organizations: REUTERS Acquire, Twitter, Global Government Affairs for, Reuters, LinkedIn, Elon, Twitter Inc, Thomson Locations: DELHI, India, South Asia, New Delhi, Global Government Affairs for India, Delhi

☆ Chuck Schumer hosts tech companies Google, Meta, Microsoft, and X over AI regulations including Chat GPT
▼ + stars: | 2023-09-13 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Among those attending the in-person event will be the CEOs of Anthropic, Google, IBM, Meta, Microsoft, Nvidia, OpenAI, Palantir and X, the company formerly known as Twitter. But crucially, the event could also shed light on the political feasibility of a broad, sweeping AI law, setting expectations for what Congress may achieve. IBM CEO Arvind Krishna will also seek to “demystify” a widely held impression that AI development is done only by a handful of companies like OpenAI or Google, Padilla said. Some authors have sued OpenAI over those claims, while others have asked in an open letter to be paid by AI companies. New AI legislation could also serve as a potential backstop to voluntary commitments that some AI companies made to the Biden administration earlier this year to ensure their AI models undergo outside testing before they are released to the public.

Persons: Bill Gates, Eric Schmidt, Chuck Schumer, he’s, Mark Zuckerberg, Elon Musk, ”, Christopher Padilla, Padilla, Arvind Krishna, Sam Altman, Clement Delangue, OpenAI, Maya Wiley, they’ve, Wiley, “, ” Wiley, Schumer, South Dakota Republican Sen, Mike Rounds, New Mexico Democratic Sen, Martin Heinrich, Indiana Republican Sen, Todd Young —, “ It’s, Biden Organizations: Washington CNN, Anthropic, Google, IBM, Meta, Microsoft, Nvidia, Twitter, Senate, CNN, The New York Times, Disney, Conference, Civil, Human, South Dakota Republican, New, New Mexico Democratic, Indiana Republican, Capitol, European Union Locations: Washington, New Mexico

☆ Elon Musk's X sues California over a law it claims is aimed at eliminating 'problematic' content
▼ + stars: | 2023-09-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

X Corp is suing California over content moderation law, claiming freedom of speech infringement. It requires social media companies to say how they're tackling hate speech, harassment and extremism. X argued that the law pressures platforms to remove "constitutionally-protected" content. Social media companies routinely remove accounts and content that violate local laws and their own policies. It requires social media companies to publicly share their content moderation policies and report their enforcement data to the state attorney-general twice a year.

Persons: Elon, Bill, X, Gavin Newsom, Musk Organizations: X Corp, Service, Corp, Twitter, State, Social, Media, FBI Locations: California, Wall, Silicon

☆ San Francisco moves to center of robotaxi universe after California agency vote
▼ + stars: | 2023-08-11 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +6 min

Cruise and Waymo have been running experimental services limited by times and geographic areas within San Francisco. The approval “marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, Waymo co-CEO, in a prepared statement. San Francisco is important as both a symbolic hub of tech and, with hundreds of AVs already in operation, the largest test lab for the experimental cars. The vehicles, with empty driver seats and self-turning steering wheels, have become a common sight around San Francisco. Commissioner Genevieve Shiroma advocated for a delayed vote noting the volume of public comment and her lingering concerns following evidence that the vehicles have obstructed emergency vehicles in San Francisco.

Persons: Heather Somerville, Waymo, Motors ’, John Reynolds, AVs, Cruise, ”, Tekedra Mawakana, Prashanthi Raman, Uber, Genevieve Shiroma, Greg Bensinger, Jamie Freed, Diane Craft Organizations: General Motors Corp, REUTERS, FRANCISCO, Motors, California Public Utilities Commission, Transportation, Cruise, Locals, San Francisco Municipal Transportation Agency, Technologists, Thomson Locations: San Francisco, California, U.S, San Francisco's, Francisco

☆ UK scraps public disclosure of short selling
▼ + stars: | 2023-07-11 | by ( Nell Mackenzie | ) www.reuters.com time to read: +1 min

LONDON, July 11 (Reuters) - The UK government said on Tuesday it would no longer require short sellers to publicly disclose their trades on UK companies. Under the rule change funds will no longer have to tell the public their individual net short positions on a stock. Currently, funds must tell the FCA when they have borrowed 0.1% of a company's outstanding stock in order to short it. Critics say short sellers hurt companies and exacerbate market volatility, but short sellers and advocates say they act as an important check on public firms. She said the move would "unleash the benefits of short selling, including enhancing market liquidity, promoting price discovery, and exposing corporate fraud."

Persons: Jillien Flores, Nell Mackenzie, Dhara Ranasinghe, Mark Potter Organizations: Financial, Authority, Union, Financial Services, Markets, FCA, Critics, Association, Thomson

☆ Ex-NBA player raised in Turkey slams Twitter censorship: 'I don't want to hear about Elon Musk talking about free speech ever again. He's literally bowing down to a dictatorship'
▼ + stars: | 2023-05-16 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Former NBA player Enes Kanter Freedom doesn't want to hear Elon Musk talk about free speech. The Turkish-American said Musk is "bowing down to a dictatorship" by blocking tweets in Turkey. "I don't want to hear about Elon Musk talking about free speech ever again," Freedom said on CNN This Morning. "Turkish government called Elon to pretty much tell him, 'If you don't ban a couple accounts, then we are going to shut down the whole app in Turkey,'" Freedom added. "The whole country is saying enough is enough because we want to go back to democracy and freedom again," Freedom said on CNN.

☆ Wikipedia cofounder slams Elon Musk for caving to Turkey's government and censoring tweets, says Wikipedia fought similar demands and won
▼ + stars: | 2023-05-15 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Twitter announced it would "restrict access to some content in Turkey" right before the country's presidential election. Wikipedia cofounder Jimmy Wales criticized Twitter CEO Elon Musk's decision to restrict content. Twitter's Global Government Affairs account had tweeted about the changes ahead of Turkey's presidential election held on Sunday. Turkey's highest court determined that blocking the website was unconstitutional, and access to Wikipedia was restored in January 2020, The New York Times reported. Before Musk, Twitter agreed to around 50% of government requests.

☆ 'Free speech opportunist' Elon Musk caved to government pressure to censor tweets ahead of the Turkish election. Critics argue SpaceX dealings with the country's right-wing leader may have caused the
▼ + stars: | 2023-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Elon Musk's reputation as a free speech absolutist took another hit on Saturday after Twitter sided with the Turkish government and censored the accounts of political opponents ahead of a contentious election. Targeted Turkish dissidentsThe details of the legal request and which specific accounts were targeted were not made public. Yakut had previously shared information about Erdogan's governmental dealings and alleged the Turkish leader had been involved in the disappearance of his son-in-law, Turkish Minute reported last week. "I'm sure this is just a coincidence," users on Twitter posted, some sarcastically, circulating news of Musk's business dealings with Turkey. Musk and representatives for Twitter, SpaceX, and the Republic of Turkey did not immediately respond to Insider's requests for comment.

Search resuls for: "Global Government Affairs"

25 mentions found