The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, today, the US Supreme Court is set to deliberate on the contentious issue of whether states possess the authority to prohibit social media platforms from moderating political content on their platforms. This case is one of three social media-related disputes on the court’s docket for this term.
Continue reading US Supreme Court Takes on Social Media Content Moderation
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Ridgewood NJ, SEC Chair Gary Gensler made the following statement as to the hacking incident of the @SECGov account:
Continue reading SEC Chair Addresses Hack of SEC “X” Account
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Ridgewood NJ, the landscape of content moderation underwent significant changes in 2023, signaling the evolving dynamics of online platforms. Twitter, particularly under the influence of Elon Musk, broke content moderation norms, foreshadowing broader shifts in the industry. Major tech companies, including Meta Platforms Inc., Google, Amazon.com Inc., and Microsoft Corp., downsized their workforces amid economic challenges, impacting content moderation (Censorship) efforts. The trend toward utilizing artificial intelligence for moderation increased, with companies like Meta and Twitter embracing AI solutions.
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Ridgewood NJ, Revelations of the Federal Bureau of Investigation’s involvement in social media censorship have raised voter concerns.
A new national telephone and online survey by Rasmussen Reports and Miranda Devine’s Laptop From Hell finds that 63% of Likely U.S. Voters believe Congress should investigate whether the FBI was involved in censoring information on social media sites. Only 22% oppose such an investigation, while 15% are undecided. (To see survey question wording, click here.)
Continue reading 63% Want FBI’s Social Media Censorship Activity Investigated
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Hoboken NJ, the Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.
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Ridgewood NJ, voters overwhelmingly think censorship by social media sites is a problem, and a majority approve Republican plans for a congressional investigation.
Continue reading Voters Want Investigation of Social Media Over Censorship
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Ridgewood NJ, Twitter’s monetizable daily user growth has accelerated to more than 20% since Elon Musk’s takeover. The growth indicates that users are not leaving the platform en masse. Many advertisers have left Twitter due to activist pressure, resulting in a massive drop in revenue for the company. The level of “hate speech” on the platform remains within historical norms, what ever that means .
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Ridgewood NJ, a new broom sweeps clean, in the email, sent Thursday evening, Twitter said it would be notifying staff by email starting Friday morning about their employment . Its been reported that Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition.
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Ridgewood NJ, if you’ve been following or trying to follow the Twitter developments since Friday, then you’re well aware the developments are very much as they say , developing.
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Ridgewood NJ, Elon Musk has bought Twitter. He originally offered to buy the company in April but changed his mind. This resulted in Twitter taking Musk to court to force the sale. Musk was scheduled to be deposed earlier in the month but announced that he would continue with the sale just days before the deposition was to take place.
Continue reading Musk Twitter Deal Done , Musk Calls Himself the “Chief Twit”
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Ridgewood NJ, Kanye West has agreed to buy Parler, a social media app that brands itself as a “free speech”-focused substitute for other social media platforms. The purchase echoes similar moves made by former President Trump and Elon Musk to own social media apps and push back against what they consider overbearing moderation policies that silence conservatives.
Continue reading Making Free Speech Great Again , Kanye West Buys Social Media App “Parler”
Whistleblower complaint disclosures to the SEC many damning reports and accusations
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Ridgewood NJ, Twitter’s former head of security Peiter “Mudge” Zatko has accused the company of negligent security practices. He claims that Twitter misled federal regulators about its safety and that the company fails to properly estimate the number of bots on its platform. About half of Twitter’s 7,000 or so full-time employees have access to users’ sensitive personal data and internal software. Twitter has failed to delete user data in the past as the records were spread too widely among internal systems to be tracked. The company could face significant fines if the accusations are proven to be correct.
Continue reading Twitter’s Former Security Chief Accuses Company Negligent Security Practices
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Ridgewood NJ, If you’re having trouble refreshing your timeline, don’t worry, you aren’t the only one. Well, maybe worry a little, as it does appear Twitter is down for a lot of users at the moment.
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Ridgewood NJ, Elon Musk has terminated his agreement to buy Twitter , less than three months after reaching a deal to acquire it.
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Ridgewood NJ, Tech companies like Coinbase, Redfin, and Twitter have started to rescind job offers after record levels of hiring over the past two years. The practice of rescinding offers was last seen widely during the financial crisis. More leaders are seeing it as a feasible strategy, as it is better than laying off employees, despite the reputational risks. The phenomenon has so far been mostly restricted to extremely well-paid tech jobs for highly in-demand workers.
Continue reading Revoking Job Offers Is Becoming an Increasingly Common Cost-cutting Strategy
