šŸŒŽ Discussion: Online Piracy, AI, Net Neutrality, Killswitch, and Other Internet Issues II

World News
Daily Kos - Facebook shares continue to tumble, prompting whispers of a stock 'death spiral'

As CNBC notes in a recent story on Facebook’s—erm, Meta’s—travails, the company’s market cap, which was $1 trillion at this time last year, has since shrunk by two-thirds, and the stock is at its lowest point since January 2019. In fact, the stock has been the fifth-worst performer on the S&P 500 index this year.


They'd probably be sold off to/merged with another company before they'd die.

Kim Kardashian charged by SEC [for pushing crypto without public disclosure], agrees to pay $1.3 million fine | CNN Business
 
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CBS News - Meta's [Facebook parent company] value has plunged by $700 billion. Wall Street calls it a "train wreck."

MarketWatch - Facebook in freefall: 5 charts that show Meta's financial collapse

Gizmodo - Musk Fires Twitter Execs as Platform Braces for Donald Trump's Return


Elon Musk fired at least four senior executives at Twitter and is expected to make himself CEO after finalizing the deal to buy the company for $44 billion on Thursday. Users of the social media site are bracing for sweeping changes to the platform, including the reintroduction of white supremacists like former president Donald Trump, who was banned shortly after his attempted coup at the U.S. Capitol on January 6, 2021.

Bloomberg News - Musk Is Said to Take Twitter CEO Role, Reverse Life Bans
  • Musk plans on replacing ousted CEO Parag Agrawal for now
  • The billionaire also intends to scrap lifelong bans on users

Life bans were earned for a reason.

The Verge - Welcome to hell, Elon
Owning Twitter means owning a host of impossible political problems. Is Elon ready?
 
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Almost giddy that Facebook is hurting so bad. Twitter I am indifferent to, except it might make things a little worse because MAGA but that cancer has metastasized already and it's going to take more to remove. I really don't expect it to shift that much though as Twitter and social media giants in general are absolute **** at actually censoring and stopping that stuff.

It's also one less "I'm being censored" wolf cry of right-wingers who already keep telling us they are censored... while only being censored when they say racist, sexist, homophobic, transphobic, generally unacceptable bull****. Which I get, they say a lot of it but they still are not censored.
 
No surprise there. Zuckerberg will take money from anyone legally or not. Meta-Facebook needs to be hit harder.
 
The Verge - Twitter is planning to start charging $20 per month for verification
And if the employees building it don’t meet their deadline, they’ll be fired by Elon Musk.

Alex Heath: "An important detail here: If you already have a blue checkmark, Twitter is currently planning to remove it from your profile after 90 days if you don’t subscribe to the more expensive Blue subscription after it launches."

Aseemru: "Those fake breaking news accounts will be verified but your local news reporter won’t be, the war on misinformation is over and we know who won."
 
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And nothing mentioned of the $10 billion that mysteriously went to Alemeda Holdings, the CEO's other company...
 
Just '6 people' showed up to a party for the EU’s €387,000 metaverse

Facebook-LOL-Mark-Zuckerberg-How-do-you-do-fellow-kids-1.png



A world of Paperclip people
 
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That lawsuit leaves out all the other similar tracker type devices that are even less obvious. Apple has deeper pockets than their competitors however.

And another point is anything like this that has a genuine helpful purpose can and will be used negatively. There is no way to have all upsides and no downsides.

I also really, really, really hope that targeted ads go away too but I am skeptical the U.S. will do anything remotely close to that seeing as privacy in virtually every other facet is a joke.
 

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