Matt Levine writes: Elon Musk is the richest person in the world, and an active Twitter user. When he tweets, he gets a lot of spammy replies, many of which seem to be written by automated bots. He has complained about this a lot. Eventually he decided to do something about it. The thing that he decided to do about it was buy Twitter. On April 13, he sent a letter to Twitter Inc.’s board of directors offering to buy…
Grid reports: When Larry Ellison pledged $1 billion to back Elon Musk’s Twitter takeover, Musk got more than just another investor: He also gained a powerful political ally, with ties to the MAGA right and a history of backing the “anti-conservative bias” movement. Behind the scenes, Oracle, which Ellison founded and oversees as chairman of its board of directors, has been engaged in a sprawling anti-Big Tech lobbying campaign, including funding a dark money group that presents itself as a…
Jeff Kosseff writes: In 1995, Eugene Volokh published a law review article in which he predicted that the rapidly growing internet would “dramatically reduce the costs of distributing speech” and that “the new media order that these technologies will bring will be much more democratic and diverse than the environment we see now.” The concept, which Volokh dubbed “cheap speech,” would mean that “far more speakers—rich and poor, popular and not, banal and avant garde—will be able to make their…
Ezra Klein writes: A few weeks ago, I gave a lecture at a Presbyterian college in South Carolina, and asked some of the students where they liked to get their news. Almost every one said TikTok. TikTok is owned by ByteDance, a Chinese company. And Chinese companies are vulnerable to the whims and the will of the Chinese government. There is no possible ambiguity on this point: The Chinese Communist Party spent much of the last year cracking down on…
The New York Times reports: Elon Musk has never been accused of dreaming small. He has reinvented at least two industries with Tesla, his electronic vehicle company, and SpaceX, the rocket company — and now his ambitions are carrying over to his $44 billion acquisition of Twitter. Mr. Musk, the world’s richest man, has presented a pitch deck to investors in recent days outlining his grand — some might say incredible — plans for Twitter and its financial targets. The…
Quinta Jurecic writes: By now, the stories are familiar. Most, though not all, start on social media: a post on Facebook or Twitter identifies a name, and then the threats begin. Shortly after the 2020 presidential election, conspiracy theorists focused on a video of a voting-machine technician at work in Gwinnett County, Georgia. One Twitter user published the young man’s name, declaring him “guilty of treason,” along with, according to the Georgia election official Gabriel Sterling, an animation of a…
The Wall Street Journal reports: Last year when Facebook blocked news in Australia in response to potential legislation making platforms pay publishers for content, it also took down the pages of Australian hospitals, emergency services and charities. It publicly called the resulting chaos “inadvertent.” Internally, the pre-emptive strike was hailed as a strategic masterstroke. Facebook documents and testimony filed to U.S. and Australian authorities by whistleblowers allege that the social-media giant deliberately created an overly broad and sloppy process to…
Gizmodo reports: Several key [internal] documents [published by Gizmodo today] concern what Facebook calls “meaningful social interactions,” a term introduced by the company in Jan. 2018. This metric, as CEO Mark Zuckerberg explained at the time, was meant to help prioritize “personal connections’’ over an endless online dribble of viral news and videos. This “major change,” as he put it, was framed as an effort to put first the “happiness and health” of the user—Facebook’s way of encouraging users to…
Renée DiResta, Laura Edelson, Brendan Nyhan, Ethan Zuckerman write: Social media platforms are where billions of people around the world go to connect with others, get information and make sense of the world. These companies, including Facebook, Twitter, Instagram, Tiktok and Reddit, collect vast amounts of data based on every interaction that takes place on their platforms. And despite the fact that social media has become one of our most important public forums for speech, several of the most important…
Anand Giridharadas writes: It is a perfect marriage for an age of plutocracy: Twitter with its serious problems and Elon Musk, the embodiment of those problems. What happens when the incarnation of a problem buys the right to decide what the problem is and how to fix it? Twitter has a disinformation problem — fake news about Covid vaccines, climate and more running buck wild across the platform. Mr. Musk has shown himself to be a highly capable peddler of…
Lauren Silva Laughlin and Gina Chon write: There are good reasons for him to get cold feet. The biggest is Tesla. The electric-vehicle maker’s stock has fallen around a fifth since Musk first revealed his stake in Twitter, partly because Musk may sell shares to fund his new adventure. If Tesla’s stock bounces back – likely if the Twitter deal falls away – the $40 billion of recouped wealth would more than make up for the break fee. China is…
David Leonhardt writes: Two years ago, the economists Emmanuel Saez and Gabriel Zucman published a statistic that you don’t normally see. It was the share of wealth owned by the richest 0.00001 percent of Americans. That tiny slice represented only 18 households, Saez and Zucman estimated. Each one had an average net worth of about $66 billion in 2020. Together, the share of national wealth owned by the group had risen by a factor of nearly 10 since 1982. This…
The New York Times reports: The European Union reached a deal on Saturday on landmark legislation that would force Facebook, YouTube and other internet services to combat misinformation, disclose how their services amplify divisive content and stop targeting online ads based on a person’s ethnicity, religion or sexual orientation. The law, called the Digital Services Act, is intended to address social media’s societal harms by requiring companies to more aggressively police their platforms for illicit content or risk billions of…
The Verge reports: Twitter levied a new ban today on “misleading” advertisements “that contradict the scientific consensus on climate change.” “We believe that climate denialism shouldn’t be monetized on Twitter, and that misrepresentative ads shouldn’t detract from important conversations about the climate crisis,” the company said in a blog post today. Its decisions about what’s legit content in regard to climate change will be guided by “authoritative sources,” it says, including the United Nations Intergovernmental Panel on Climate Change (IPCC)….
HuffPost reports: Former President Barack Obama said Thursday that disinformation on social media is hurting democracy, and that social media companies should be subject to regulation. “One of the biggest reasons for democracy’s weakening is the profound change that’s taken place in how we communicate and consume information,” Obama said in a speech at Stanford University. Obama noted that most people rely on search tools and social media as main sources for news and information, but warned a constant feed…
Gizmodo reports: In the hours following the Jan. 6 attack on the Capitol, employees at Facebook tasked with preventing “potential offline harm” found themselves under siege by a mob of a different sort. Reports of abusive content from users were flooding in. As one employee put it in an internal forum, many of the flagged posts “called for violence, suggested the overthrow of the government would be desirable, or otherwise voiced support for the protests.” The same day, Instagram employees…