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☆ Kim Kardashian's Skims may be the hero the IPO market needs
▼ + stars: | 2023-07-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

This latest round was led by Wellington Management, a firm known for taking companies public. Jens Grede, Skim’s CEO, recently told Dealbook that stock investors have shown an increased interest in consumer-oriented businesses like Skims and that an IPO is something the company wants. “At some point in the future, Skims deserves to be a public company,” he said. If a Skims IPO were to succeed, “companies, CFOs and investors in general will see this as a very positive sign,” said Sokhi. Netflix posted nearly $8.19 billion in revenue for the quarter, compared to the $8.3 billion Wall Street had projected.

Persons: Kim Kardashian, Goldman Sachs, ”, David Solomon, Ro Sokhi, Cava, “ There’s, Skims, Andy Muir, Jens Grede, Megan Penick, Robinson, Kardashian, we’re, “, ” Adam Hodge, Volodymyr Zelensky, Russia “, Tesla, Chris Isidore, Refinitiv, Clare Duffy, Samantha Delouya Organizations: CNN Business, Bell, New York CNN, Wellington Management, Nike, US National Security Council, Russian Defense Ministry, Wednesday, Netflix Locations: New York, Cava, Skims, Russia, Ukraine, Europe, Odesa’s

☆ Threads now has ‘tens of millions’ of daily users. But its honeymoon phase may be over
▼ + stars: | 2023-07-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.

Persons: It’s, “, Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, ”, Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, ”, ” Morningstar Locations: New York

☆ Netflix adds nearly 6 million paid subscribers amid password sharing crackdown
▼ + stars: | 2023-07-19 | by ( Clare Duffy | ) edition.cnn.com time to read: 1 min

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☆ Meta’s Threads app rolls out first big batch of updates
▼ + stars: | 2023-07-18 | by ( Clare Duffy | ) edition.cnn.com time to read: 1 min

☆ With the rise of AI, social media platforms could face perfect storm of misinformation in 2024
▼ + stars: | 2023-07-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +13 min

Experts, and even some executives overseeing AI companies, say these tools risk spreading false information to mislead voters, including ahead of the 2024 US election. But they now face a perfect storm of factors that could make it harder than ever to keep up with the next wave of election misinformation. Experts worry that the proliferation of generative AI tools, like ChatGPT, could make it easier for bad actors to create election misinformation. OpenAI, the maker of the popular AI chatbot ChatGPT, issued a stark warning about the risk of AI-generated misinformation in a recent research paper. The platforms largely use a mix of human and automated review to identify misinformation and manipulated media.

Persons: Ron DeSantis ’, Donald Trump, Anthony Fauci, Trump, “, ”, “ We’ve, I’m, David Evan Harris, Bhaskar Chakravorti, it’s, Harris, Margaret Mitchell, Andrew Angelov, incentivized, Mitchell, OpenAI, chatbot ChatGPT, Joe Biden’s, Ivy Choi, Meta, Twitter, Elon Musk Organizations: New, New York CNN, Twitter, Florida Gov, ”, University of Washington, Center, Social, of Technology Institute, Facebook, CNN, The Fletcher School, Tufts University, Google, Pentagon, Republican National Committee, RNC, Democratic, Federal, Commission, YouTube, “, Meta Locations: New York, meddle, United States, Washington

☆ Fine wine is souring as investment prices sink
▼ + stars: | 2023-07-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. The company currently manages $375 million worth of fine wine assets (that’s a 45% increase year on year). Fine wine has had a compound annual growth rate of 10% over the last 30 years, according to the Liv-Ex investables index, which tracks the going rates for fine wines. Leading the way in losses is Bordeaux, which experienced the largest drop of all fine wine categories in June. That’s a bit worrisome, said Tiwari, as Bordeaux is the most established region in the fine wine investment market and typically maintains its price stability.

Persons: Jay, David Beckham, Stephen Curry, Liv, ”, Atul Tiwari, That’s, Tiwari, SVB, Rob McMillan, “, we’re, LIV Golf, Chris Isidore, Richard Blumenthal, Ron Price, Jimmy Dunne, Sen, ” Dunne, LIV, Clare Duffy, Clare Organizations: CNN Business, Bell, New York CNN, Cult Wines, SEC, First Citizens Bank, “, PGA Tour, Saudi, PGA, Connecticut Democrat, University of Pennsylvania Locations: New York, Bordeaux, London, Silicon, Napa, California, “ California, Saudi, American, Connecticut, Clare

☆ New lawsuit claims Elon Musk’s Twitter owes more severance to former employees
▼ + stars: | 2023-07-12 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

It alleges that Twitter made repeated assurances to employees about its severance plan amid Musk’s takeover in an effort to retain workers. In particular, the complaint claims that Twitter had promised senior employees severance of six months of base pay plus one week for every year of service, in addition to other benefits. In response to a request for comment on the lawsuit, Twitter sent CNN an automated poop emoji. The lawsuit is just the latest legal action brought against Twitter by former employees with severance-related claims. More than 1,500 former employees have filed arbitration claims, after Twitter pushed for anyone who had signed an arbitration agreement while working at the company to pursue their claims out of court.

Persons: New York CNN —, Elon Musk, Courtney McMillian, Musk, Twitter, Kate Mueting Organizations: New, New York CNN, Twitter, CNN, Meta Locations: New York, California

☆ Elon Musk is the gift that keeps on giving to Mark Zuckerberg
▼ + stars: | 2023-07-08 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

New York CNN —At the start of last year, Meta CEO Mark Zuckerberg was in the hot seat. But then, the attention of lawmakers, media and the tech world writ large abruptly shifted to another tech billionaire: Elon Musk. While Twitter users have lamented what Musk’s ownership has meant for the platform, it may be the best thing that could have happened for Zuckerberg. A billion-user opportunityThe distraction and chaos of Musk’s Twitter takeover could hardly have come at a better time for Zuckerberg and Meta. The Twitter-Threads battle has raised the stakes for another fight: a cage fight that Musk and Zuckerberg have spent the past several weeks planning.

Persons: Mark Zuckerberg, Elon, Twitter, Musk, Zuckerberg, “, ”, Herbert Hovenkamp, —, he’s, Meta, Musk’s, “ Elon, Meta —, Donald Trump, Instagram, Adam Mosseri, Zuckerberg’s Organizations: New, New York CNN, Facebook, Apple, Meta, Twitter, University of Pennsylvania’s Carey Law School, Instagram, SpaceX, YouTube Locations: New York, Cambridge

☆ Some investors are shunning Wall Street’s tech frenzy
▼ + stars: | 2023-07-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the “all-in on tech stocks” trend and opting for a more diversified strategy. The Nasdaq Composite index has climbed about 31% for the year, powered by a handful of tech stocks that have soared on hype surrounding artificial intelligence. The Vanguard Information Technology Index Fund saw $955 million of net outflows in the first half of 2023 compared to $291 million net inflows in the first half of last year. Investors had piled into tech-focused ETFs last year when the sector had fallen out of favor, betting that tech stocks would recover, buoyed by an economy that remains resilient despite the Federal Reserve’s punishing pace of interest rate hikes. Now, investors are exiting these ETFs and reallocating their cash to quality stocks with strong balance sheets that can withstand a potential economic downturn, says Todd Rosenbluth, head of research at VettaFi.

Persons: Todd Rosenbluth, ”, Shelby McFaddin, Larry Fink, Bitcoin, ” Fink, Antoni Trenchev, Charles Schwab, Clare Duffy, paring, Elon Musk, it’s, Read Organizations: CNN Business, Bell, CNN, Vanguard Information Technology, Investors, “, Wealth, BlackRock, Fox Business, Federal Reserve, Fidelity Digital Assets, Citadel Securities, Facebook, Twitter, Meta

☆ Threads: Everything to know about Instagram's app to rival Twitter
▼ + stars: | 2023-07-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —Facebook-parent Meta on Wednesday officially launched its Twitter competitor, Threads, after first confirming its plans for the app just three months ago. And for Meta, Threads could further expand its empire of popular apps and provide a new platform on which to sell ads. Similar to Twitter, users can reply to, repost and quote others’ Threads posts. Frequent technical issues and policy changes have sent some noteworthy Twitter users heading for the exits. For Meta, Threads could be a way of eking additional engagement time out of its massive existing user base.

Persons: Elon Musk, Meta, ”, Mark Zuckerberg, it’s, Musk, ” Zuckerberg, hasn’t, Linda Yaccarino, “, Adam Mosseri, Zuckerberg Organizations: New, New York CNN, Facebook, Wednesday, Twitter, Elon, Apple, Meta Locations: New York, Instagram

☆ Twitter isn’t letting users view the site without logging in
▼ + stars: | 2023-06-30 | by ( Clare Duffy | ) edition.cnn.com time to read: 1 min

☆ Dylan Mulvaney says Bud Light’s backlash response was ‘worse than not hiring a trans person at all’
▼ + stars: | 2023-06-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls for a boycott. But later it released a vague statement from the CEO that failed to offer support for Mulvaney or the trans community. The Bud Light backlash also coincided with anti-LGBTQ+ campaigns against other big brands, including Target. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive, and Bud Light really does not belong there, Bud Light should be about bringing people together,” Whitworth said.

Persons: New York CNN — Dylan Mulvaney, Bud Light, Bud Light’s, Mulvaney, ” Mulvaney, Bud, Brendan Whitworth, ” Whitworth, I’ve, ” –, Danielle Wiener, Bronner Organizations: New, New York CNN, American Civil Liberties Union, UCLA School of Law, Target, Bud Light, Anheuser, Busch, CBS, CNN Locations: New York

☆ YouTube removed video of Robert F. Kennedy, Jr. for violating vaccine misinformation policy
▼ + stars: | 2023-06-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —YouTube said on Monday that it had removed a video of presidential hopeful Robert F. Kennedy, Jr. being interviewed by podcast host Jordan Peterson for violating its policy prohibiting vaccine misinformation. YouTube began cracking down broadly on vaccine misinformation in 2021, following an earlier policy preventing false or misleading claims about Covid-19. Under its policy, YouTube removes false claims about currently administered vaccines that the World Health Organization and local authorities have approved and confirmed to be safe. Although YouTube removed the video, it remains available on Twitter, showing the fractured approach to vaccine misinformation across the internet as his campaign gets underway. Hotez had tweeted in support of a Vice article criticizing Spotify’s handling of vaccine misinformation in an interview with Kennedy on Rogan’s show.

Persons: Robert F, Kennedy, Jr, Jordan Peterson, ” Kennedy, Peter Hotez, podcaster Joe Rogan, Hotez, Elon Musk, Bill Ackman, ” Hotez Organizations: New, New York CNN, YouTube, CNN, Instagram, Children’s Health Defense, World Health Organization, Twitter Locations: New York, Covid

☆ Meta lowers the minimum age for its Quest headsets from 13 to 10
▼ + stars: | 2023-06-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Facebook-parent Meta plans to lower the minimum age for its virtual reality headsets from 13 years old to 10 years old, despite pressure from lawmakers not to market its VR services to younger users. In its Friday blog post, Meta said parents will be able to set time limits and enforce breaks for their preteens on the headsets. Meta also makes it possible to cast content from its VR headsets to a TV or phone screen, so parents can watch what their kids are seeing. Meta’s headset and Horizon Worlds represent Zuckerberg’s vision for a next-generation internet, where users can interact with each other in virtual spaces resembling real life. Update: This story has been updated to reflect Meta’s plan to continue restricting Horizon Worlds to users 13 and older.

Persons: Preteens, Meta, ” Meta, Massachusetts Sen, Ed Markey, Connecticut Sen, Richard Blumenthal, Mark Zuckerberg Organizations: New, New York CNN, Facebook, Connecticut, CNN, Meta Locations: New York, Massachusetts, United States, Canada, Europe

☆ Amazon reinstates Bessemer, Alabama warehouse worker and union face Jennifer Bates
▼ + stars: | 2023-06-15 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —An Amazon worker and union organizer has been given her job back after she appealed her firing by the e-commerce giant earlier this month. Amazon on Thursday confirmed that it had reinstated Jennifer Bates — who became the face of the effort to unionize an Amazon facility in Bessemer, Alabama — following its appeals process. Bates had received notice of her termination from Amazon in early June. Amazon workers at a New York warehouse voted to form the company’s first US union last year, although Amazon has since refused to recognize the union or come to the bargaining table. Other efforts to unionize Amazon facilities, including one across the street from the New York warehouse, have failed.

Persons: Jennifer Bates —, Bates, I’m, ” Bates, Mary Kate Paradis, –, Catherine Thorbecke Organizations: New, New York CNN, Amazon, Wholesale, Department Store Union, CNN, National Labor Relations Board Locations: New York, Bessemer , Alabama, United States

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ Facebook faces new allegations of gender discrimination in its delivery of job ads. Research by human rights group suggests it's a global concern
▼ + stars: | 2023-06-12 | by ( Clare Duffy | Carlotta Dotto | Naomi Hirst | ) edition.cnn.com time to read: +18 min

But Global Witness' research suggests that this results in job ads being targeted to users based on gender stereotypes. And in some cases, human rights advocates say, the biases that appear to be shown by Facebook's ad system may exacerbate other disparities. Global Witness targeted the ads to adult Facebook users of any gender who resided in, or had recently visited, the chosen countries. Certain roles were less strongly skewed — a package delivery job ad, for example, was shown to 38% women users in the Netherlands. In December, Real Women in Trucking filed its EEOC complaint alleging that Facebook's job ads algorithm discriminates based on age and gender.

Persons: Naomi Hirst, Clara Wichmann, Ashley Settle, Settle, Meta, Linde, Ireland —, Caroline Leroy, Blanvillain, Fondation des Femme, Pat de Brún, de Brún, —, Brún, Facebook, Sheryl Sandberg, Sandberg, Peter Romer, Friedman, " Romer, Facebook's, Hirst, Meera Senthilingam, Seth Fiegerman, Carlotta Dotto, Carolina Moscoso, Tal Yellin, Damian Prado, David Blood, Gabrielle Smith Organizations: CNN, Facebook, Global, Facebook's, des, UK, Human Rights, Commissioner's, Meta, US, Employment, Commission, Real Women, Trucking, Ad, Ireland, Fondation des, Amnesty, Employment Opportunity Commission, University of Southern, Real, Data Locations: Europe, France, Netherlands, Canada, United States, India, South Africa, United Kingdom, Indonesia, University of Southern California

☆ The rivalry between Meta and Apple is moving to a new playing field: virtual reality
▼ + stars: | 2023-06-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

New York CNN —Months after Apple unveiled a privacy change that threatened Facebook’s core advertising business, the social networking company rebranded as Meta and shifted its focus to virtual reality. Apple (AAPL) on Monday unveiled its mixed reality headset, the Vision Pro, in one of its most ambitious product launches in years. On Thursday, just days before WWDC, Meta CEO Mark Zuckerberg tried to preempt the expected Apple headset announcement by teasing the Meta Quest 3. Apple on Monday unveiled its first-ever virtual reality headset, challenging Facebook-owner Meta in a market that has yet to gain widespread consumer adoption. Apple chose not to focus on the term “virtual reality,” nor did it show off disembodied avatars without legs inhabiting a virtual world, as Meta did initially.

Persons: Tim Cook, Mark Zuckerberg, Steve Jobs, Meta, Josh Edelson, Morgan Stanley, “ We’re, ” Sheeva, ” Eric Alexander, Apple, ”, Julie, Forrester, Zuckerberg, that’s, Alexander, ’ ”, It’s, D.A, Davidson, Tom Forte, Forte, Blackberry, ” Forte Organizations: New, New York CNN, Apple, Meta, Vision, Microsoft, Google, VR, Facebook, Getty, Street, IDC, ” Sheeva Slovan, Reality Labs, CNN, Apple's, WWDC, Disney Locations: New York, AFP, ’

Tim Cook speaks at an Apple special event at Apple Park in Cupertino, California on September 7, 2022. Brittany Hosea-Small/AFP/Getty Images/FILEFor years, Apple CEO Tim Cook has expressed interest in augmented reality. Now Apple finally appears ready to show off what it's been working on. Apple's rumored new VR/AR headset could be called Reality One or Reality Pro, according to Bloomberg. The decision to unveil it at WWDC suggests Apple wants to encourage developers to build apps and experiences for the product in order to make it more compelling for customers and worth the hefty price tag.

Persons: Tim Cook, Brittany Hosea, it's, Apple's, Siri, Apple Organizations: Apple, Getty, Bloomberg Locations: Cupertino , California, AFP

☆ Former NBCU exec Linda Yaccarino prepares to take over Twitter CEO role from Elon Musk
▼ + stars: | 2023-06-05 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Linda Yaccarino, a former NBCUniversal marketing executive, is preparing to take over the CEO role at Twitter from Elon Musk, weeks after the billionaire announced hiring her for the top spot at the social media company. The New York Times and The Information reported that Yaccarino is expected to officially start as Twitter CEO on Monday, citing sources familiar with the matter. Musk is likely betting on Yaccarino’s ad industry chops to restore Twitter’s flagging advertising business. Even without the CEO title, Musk will retain significant control over Twitter as its owner. Following the DeSantis event, Yaccarino tweeted: “We just heard a rare and unscripted conversation, on a range of important topics, with a Presidential candidate — all launched on Twitter.

Persons: Linda Yaccarino, Elon Musk, Yaccarino, Twitter, Joe Benarroch, Benarroch, “ Let’s, ” Yaccarino, she’d, Musk, Twitter’s, Ella Irwin, “, ”, Yaccarino’s, Robert F, Kennedy, Jr, Ron DeSantis, — Organizations: New, New York CNN, Twitter, Elon, The New York Times, New York Times, CNN, CNBC, Democratic, Florida Locations: New York, York, “ Bay, San Francisco

☆ YouTube will now allow 2020 election denialism content, in policy reversal
▼ + stars: | 2023-06-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —YouTube on Friday said it will no longer remove content featuring false claims that the 2020 US presidential election was stolen, reversing a policy instituted more than two years ago amid a wave of misinformation about the election. Pressure on tech companies to combat election misinformation ramped up following the January 6, 2021, attack on the US Capitol, which was fueled by baseless claims about election fraud. Ahead of the 2022 midterm elections, YouTube said it had begun removing midterm-related videos that made false claims about the 2020 election in violation of its policies. “This includes videos that violated our election integrity policy by claiming widespread fraud, errors, or glitches occurred in the 2020 U.S. presidential election, or alleging the election was stolen or rigged,” YouTube said at the time. The policy went further than those instituted by competitors Twitter and Meta, which both stopped short of banning content questioning the outcome of the election.

Persons: ” “, Axios, Donald Trump, “ Organizations: New, New York CNN, YouTube, Google, Republican, Twitter Locations: New York

CNN —Amazon has agreed to pay more than $30 million to settle two federal lawsuits alleging that the tech giant violated users’ privacy — including that of children — through its Alexa voice assistant and its Ring doorbell cameras. Amazon acquired Ring in 2018, paving the way for the e-commerce giant to get into the home security business. According to the FTC, Amazon kept Alexa voice recordings of children “indefinitely” unless a user specifically instructed the company to delete the recordings. Amazon also agreed to send consumers notices about the FTC settlement, and to implement a privacy program for geolocation data. Amazon did not immediately respond to a request for comment on the Alexa settlement.

Persons: “, Ring, ”, Amazon Organizations: CNN, Amazon, Federal Trade Commission, FTC Locations: U.S

☆ Elon Musk says Twitter has ‘no actual choice’ about government censorship requests
▼ + stars: | 2023-05-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Criticized for giving into governments’ censorship demands, Elon Musk on Sunday claimed that Twitter has “no actual choice” about complying those requests. The comment comes after Musk has previously called himself a “free speech absolutist” and said he wanted to buy Twitter to bolster users’ ability to speak freely on the platform. Shortly after agreeing to acquire Twitter, Musk explained his approach to free speech by saying: “Is someone you don’t like allowed to say something you don’t like? However, prior to Musk’s takeover, Twitter frequently fought government takedown requests in court, including from India and Turkey, in addition to publicly releasing detailed information about such requests and how it handled them. In last recent removal request report before Musk’s takeover, Twitter said it received more than 47,000 removal requests between July and December 2021, and complied with 51% of them.

☆ A new CEO won’t fix Twitter’s biggest problem
▼ + stars: | 2023-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —During his six months as Twitter’s CEO and owner, Elon Musk decimated its ad business, alienated some news publications and VIP users, and plunged the platform into a constant state of chaos. But she may struggle to address Twitter’s biggest problem: Elon Musk. On Tuesday, Musk said he “didn’t care” if his controversial tweets drew the ire of Twitter advertisers or Tesla shareholders. She may struggle to undo the damage Elon Musk has done to the company's ad business. That could only add to the difficulty Yaccarino will face in shoring up Twitter’s business.

☆ Premarket stocks: Why current US recession warnings are unlike all the others
▼ + stars: | 2023-05-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A US recession is coming, they say, in the second half of 2023. JPMorgan CEO Jamie Dimon warned on Thursday of great economic danger lurking just over the horizon. Things weren’t great last year: Inflation hit a 40-year peak, gas prices were elevated, consumer sentiment plunged and markets fell by 20%. “This has been the most predicted potential recession in memory,” said Federal Reserve Bank of Richmond President Tom Barkin way back in January. Historically, recession typically coincides with that peak, said Barry Gilbert, asset allocation strategist for LPL Financial.

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