Tag: Twitter

The Numbers in the News

Chin@Strategy

Numbers that count 2 Two major central banks — the Bank of Japan and the People’s Bank of China — were the only ones not to raise interest rates this year, as inflation threatened economic growth and sapped consumer purchasing power. Central banks have collectively increased rates by more than 70 percent in 2022, according to LPL Financial, with the same goal: raise borrowing costs to cool rising prices that have been hitting shoppers from London to Poughkeepsie. Many were following the Fed, which increased its prime lending rate to…

How Twitter Bots Drowned Out Posts About Protests in China

Chin@Strategy

Twitter and its new owner, Elon Musk, have recently vowed to crack down on bots. But the flood of spam for Chinese users in recent weeks has underscored the challenges the company faces in policing fraudulent and inauthentic activity, especially in foreign languages that have traditionally been more loosely policed by large American social media platforms. For many Chinese who turned to the platform as demonstrations against Covid-19 restrictions had grown political and widespread — more so than any protests there in decades — the experience of using the app…

Elon’s Two-Day War with Apple + How to Beat an A.I. Censor + S.B.F.’s ‘Bad Month’

Chin@Strategy

Listen and follow ‘Hard Fork’Apple | Spotify | Stitcher | Amazon | Google Elon Musk accuses Apple of trying to sabotage Twitter. But after his visit with Apple’s C.E.O., Tim Cook, things are … good? Then, the New York Times reporter Paul Mozur on the tactics Chinese protesters are deploying to avoid the most sophisticated censorship apparatus in the world. Plus: S.B.F. says it’s been a “bad month.” Credits “Hard Fork” is hosted by Kevin Roose and Casey Newton and produced by Davis Land. The show is edited by Paula…

Protests Stretch China’s Censorship to Its Limits

Chin@Strategy

He too shared videos of the protest on WeChat, though he deleted them after 24 hours in an effort to evade the authorities, who had begun to go after some demonstrators. Though only up shortly, his videos changed the minds of two people he had thought would be unreceptive: his parents. “My parents, like many Chinese parents, used to think what I’m doing is meaningless and childish, but they have changed dramatically in the past two days,” Mr. Qu said. His parents now understand why he would participate in such…

Elon Musk Takes on Apple and Its App Store

Chin@Strategy

Leon Black is accused of raping a woman at Jeffrey Epstein’s home in 2002. Cheri Pierson sued Black, the former Apollo Global Management C.E.O., becoming the second woman to publicly accuse him of sexual assault. A lawyer for Mr. Black denied Pierson’s claims and called them an extortion attempt. Bob Iger commits to reining in expenses at Disney. At his first companywide meeting on Monday, the recently rehired Disney C.E.O. said that he would keep a hiring freeze in place and that Disney+ would focus on turning a profit over…

‘Extinction is on the table’: Jaron Lanier warns of tech’s existential threat to humanity

Chin@Strategy

Jaron Lanier, the eminent American computer scientist, composer and artist, is no stranger to skepticism around social media, but his current interpretations of its effects are becoming darker and his warnings more trenchant. Lanier, a dreadlocked free-thinker credited with coining the term “virtual reality”, has long sounded dire sirens about the dangers of a world over-reliant on the internet and at the increasing mercy of tech lords, their social media platforms and those who work for them. Nothing about the last few weeks – of chaos on Twitter and the…

Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces

Chin@Strategy

Chinese consumers “are edgy, they’re worried about the future,” Mr. Dunne said. “It’s a double whammy that Tesla confronts in China.” Tesla shares are reacting in part to the same forces that are roiling stock markets around the world: war in Ukraine, rising interest rates, the threat of recession, supply chain chaos and surging inflation. But Tesla shares have fallen much more than other Silicon Valley giants like Apple or Alphabet, the company that owns Google. Tesla accounted for three-quarters of the electric cars sold in the United States last…

Elon, Twitter is not the town square – it’s just a private shop. The square belongs to us all | John Naughton

Chin@Strategy

On Friday 8 January 2021, Twitter kicked Donald Trump off its platform and an eerie calm enveloped parts of our global public sphere. Depriving him of his online megaphone was a compelling demonstration of how a tech platform had acquired an awesome power – the ability effectively to silence an elected president. But what kind of power is it really? Many years ago, in a landmark book, Power: A Radical View, the sociologist Steven Lukes wrote that power comes in three varieties: the ability to stop people doing what they…

Musk’s Ties to China Could Create Headaches for Twitter

Chin@Strategy

SAN FRANCISCO — When Elon Musk opened a Tesla factory in Shanghai in 2019, the Chinese government welcomed him with billions of dollars’ worth of cheap land, loans, tax breaks and subsidies. “I really think China is the future,” Mr. Musk cheered. Tesla’s road since then has been lucrative, with a quarter of the company’s revenue in 2021 coming from China, but not without problems. The firm faced a consumer and regulatory revolt in China last year over manufacturing flaws. With his deal to take over Twitter, Mr. Musk’s ties…

The rise of TikTok: why Facebook is worried about the booming social app

Chin@Strategy

TikTok is on track to overtake the global advertising scale of Twitter and Snapchat combined this year, and to match mighty YouTube within two years, as trendsetting teens and young adults make it the hottest social app of the moment – and Facebook is worried. The Chinese-owned video-sharing platform is forecast to catch up with YouTube by 2024 when both are predicted to take $23.6bn (£18.2bn) in ad revenue, despite TikTok being launched globally 12 years after its Google-owned rival. Helped by unparalleled moments of cool at the height of…