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Category: Social media

SEC charges Trump Media auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban

SEC charges Trump Media auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban

CNBC reports: The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for accounting work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA, and its owner, Benjamin Borgers, have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, without admitting or denying the allegations, the…

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Extremist militias are coordinating in more than 100 Facebook groups

Extremist militias are coordinating in more than 100 Facebook groups

Wired reports: “Join your local Militia or III% Patriot Group,” a post urged the more than 650 members of a Facebook group called the Free American Army. Accompanied by the logo for the Three Percenters militia network and an image of a man in tactical gear holding a long rifle, the post continues: “Now more than ever. Support the American militia page.” Other content and messaging in the group is similar. And despite the fact that Facebook bans paramilitary organizing…

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Russian trolls target U.S. support for Ukraine, Kremlin documents show

Russian trolls target U.S. support for Ukraine, Kremlin documents show

The Washington Post reports: When President Biden proposed an additional $24 billion in supplemental funding for Ukraine in August, Moscow spin doctors working for the Kremlin were ready to try to undermine public support for the bill, internal Kremlin documents show. In an ongoing campaign that seeks to influence congressional and other political debates to stoke anti-Ukraine sentiment, Kremlin-linked political strategists and trolls have written thousands of fabricated news articles, social media posts and comments that promote American isolationism, stir…

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Trump tries to boost support for Truth Social as DJT stock tanks

Trump tries to boost support for Truth Social as DJT stock tanks

CNBC reports: Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company’s stock continues to sink lower. Trump in a post on that app said he believes Truth Social embodies the political “movement” behind his “Make America Great Again” presidential campaign slogan, adding that “it shows the Spirit and Love of our Country.” “If people who believe in putting America First and want to Make America Great Again, support TRUTH,” Trump…

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Yes, social media really is a cause of the epidemic of teenage mental illness

Yes, social media really is a cause of the epidemic of teenage mental illness

Jon Haidt writes: For centuries, adults have worried about whatever “kids these days” are doing. From novels in the 18th century to the bicycle in the 19th and through comic books, rock and roll, marijuana, and violent video games in the 20th century, there are always those who ring alarms, and there are always those who are skeptics of those alarms. So far, the skeptics have been right more often than not, and when they are right, they earn the…

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Anonymous users are dominating right-wing discussions online. They also spread false information

Anonymous users are dominating right-wing discussions online. They also spread false information

The Associated Press reports: The reposts and expressions of shock from public figures followed quickly after a user on the social platform X who uses a pseudonym claimed that a government website had revealed “skyrocketing” rates of voters registering without a photo ID in three states this year — two of them crucial to the presidential contest. “Extremely concerning,” X owner Elon Musk replied twice to the post this past week. “Are migrants registering to vote using SSN?” Georgia Rep….

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Trump Media saved in 2022 by Russian-American under criminal investigation

Trump Media saved in 2022 by Russian-American under criminal investigation

The Guardian reports: Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation. The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition…

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Trump’s unbearable temptation to dump his Truth Social stock

Trump’s unbearable temptation to dump his Truth Social stock

Timothy Noah writes: Remember in Godfather II when the mobster Hyman Roth tells Michael Corleone, his co-investor in President Fulgencio Batista’s Cuba, “Michael, we’re bigger than U.S. Steel”? U.S. Steel is no longer the colossus it was in 1958, when that scene takes place. But it still caught my attention when The Wall Street Journal reported Tuesday that the valuation of Donald Trump’s Truth Social was almost as big as U.S. Steel’s. This was the very first day of trading for the app’s parent company,…

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Jeff Yass just bought Trump. Here’s what he stands to gain

Jeff Yass just bought Trump. Here’s what he stands to gain

Ja’han Jones writes: Billionaire investor Jeff Yass is playing his Trump card. The Philadelphia Inquirer reported Friday that the right-wing megadonor and major TikTok investor is a part owner of the company that merged with Donald Trump’s media company, which owns Truth Social, the former president’s struggling social media platform. The head-scratching deal stands to add billions of dollars to Trump’s net worth. Yass’ name recently started popping up in news reports after Trump denounced legislation in Congress that could…

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Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

CNN reports: For the first time in almost 30 years, part of Donald Trump’s business empire has gone public. Trading started with a bang, but the frenzy eased considerably by the closing bell, with shares ending well off their highs of the day. Trump Media & Technology Group, the owner of struggling social media platform Truth Social, began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.” The stock surged about 56% at…

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How Trump’s allies are winning the war over disinformation

How Trump’s allies are winning the war over disinformation

The New York Times reports: In the wake of the riot on Capitol Hill on Jan. 6, 2021, a groundswell built in Washington to rein in the onslaught of lies that had fueled the assault on the peaceful transfer of power. Social media companies suspended Donald J. Trump, then the president, and many of his allies from the platforms they had used to spread misinformation about his defeat and whip up the attempt to overturn it. The Biden administration, Democrats…

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The West is still oblivious to Russia’s information war

The West is still oblivious to Russia’s information war

Ian Garner writes: A few weeks ago, a Russian autocrat addressed millions of Western citizens in a propaganda event that would have been unthinkable a generation ago—yet is so normal today as to be almost unremarkable. Tucker Carlson’s interview with Russian President Vladimir Putin has now been viewed more than 120 million times on YouTube and X, formerly known as Twitter. Despite the tedium of Putin’s two-hour-long lecture about an imaginary Russian and Ukrainian history, the streaming and promotion of…

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Russia is on a quest to divide U.S. voters. This time it’s immigration

Russia is on a quest to divide U.S. voters. This time it’s immigration

The Associated Press reports: For Vladimir Putin, victory in Ukraine may run through Texas’s Rio Grande Valley. In recent weeks, Russian state media and online accounts tied to the Kremlin have spread and amplified misleading and incendiary content about United States immigration and border security. The campaign seems crafted to stoke outrage and polarization before the 2024 election for the White House, and experts who study Russian disinformation say Americans can expect more to come as Mr. Putin looks to…

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Online images may be turning back the clock on gender bias, research finds

Online images may be turning back the clock on gender bias, research finds

Berkeley Haas: A paper just published in the journal Nature finds that online images show stronger gender biases than online texts. Researchers also found that bias is more psychologically potent in visual form than in writing. A picture is worth a thousand words, as the saying goes, and research has shown that the human brain does indeed better retain information from images than from text. These days, we are taking in more visual content than ever as we peruse picture-packed…

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Kremlin runs disinformation campaign to undermine Zelensky, documents show

Kremlin runs disinformation campaign to undermine Zelensky, documents show

The Washington Post reports: When news first emerged last month that Ukrainian President Volodymyr Zelensky was preparing to fire his top military commander, Gen. Valery Zaluzhny, officials in Moscow seemed jubilant. They had been trying to orchestrate just such a split for many months, documents show. “We need to strengthen the conflict between Zaluzhny and Zelensky, along the lines of ‘he intends to fire him,’” one Kremlin political strategist wrote a year ago, after a meeting of senior Russian officials…

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Majority of traffic from Elon Musk’s X may have been fake during the Super Bowl, report suggests

Majority of traffic from Elon Musk’s X may have been fake during the Super Bowl, report suggests

Mashable reports: This week, Super Bowl 2024 shattered records, with the NFL championship broadcast on CBS becoming the most-watched televised event in U.S. history. Also riding high from the big game? Elon Musk’s X. The company formerly known as Twitter published its own press release, lauding Super Bowl LVIII as one of the biggest events ever on the social media platform with more than 10 billion impressions and over 1 billion video views. The (video first) roar of the stadium…

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