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Bye Facebook – GIPHY is being sold

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I’m sure there’s a GIF for this, but Meta is selling its animated platform GIPHY

It’s all part of a decision from the UK’s competition watchdog, which has been going back and forth with the tech giant for months.

The group believes Meta’s purchase of the gif-sharing website could get in the way of social media users and advertisers.

It’s the first time the UK has blocked a business venture by Meta.

The social media giant bought GIPHY back in 2020.

It says it’s disappointed by the decision but accepts the decision.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Tech

Twitter Files: Jack Dorsey urges Elon Musk to ‘release everything without filter’

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The fallout continues as Elon Musk keeps pursuing transparency

Ex-Twitter boss Jack Dorsey is calling on the new CEO Elon Musk to make all the ‘Twitter files’ public.

The move comes after the company’s former deputy general counsel James Baker was fired for his role in suppressing the Hunter Biden laptop story.

Baker is accused of being part of a ‘deep state’ at the social media platform and sabotaging or obstructing the recent efforts by Musk in releasing information to the public.

Twitter’s former deputy general counsel James Baker is also former counsel to FBI director James Comey.

The situation allegedly came to Musk’s attention on Tuesday after revelations that Baker was delaying the release of files showing government collusion with Twitter to journalists Matt Taibbi and Bari Weiss.

In a Tuesday thread Taibbi wrote, “On Friday, the first installment of the Twitter files was published here. We expected to publish more over the weekend. Many wondered why there was a delay.”

“We can now tell you part of the reason why. On Tuesday, Twitter Deputy General Counsel (and former FBI General Counsel) Jim Baker was fired. Among the reasons? Vetting the first batch of ‘Twitter Files’ — without knowledge of new management.”

Ohio Republican Congressman Jim Jordan promised investigations into this and other Big Tech firms colluding with government officials to suppress information.

“I am very concerned about the government influencing big tech in this collusion we now see big tech, big media, big government all working to keep information from with the people,” Jordan said.

When asked about this story during the White House daily press briefing, press secretary Karine Jean-Pierre said she will not comment of things that happened during U.S. President Joe Biden’s presidential election.

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Business

How did Musk lose his title as the world’s richest person?

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Elon Musk has briefly lost his title as the world’s richest person

This is all following a steep drop in the value of his stake in Tesla and his $44 billion purchase of Twitter.

Bernard Arnault, the CEO of LVMH, which includes luxury brands such as Louis Vuitton, briefly took over the title, with a personal wealth of $185 billion.

Musk has held the top position since late 2021, but has seen his wealth drop, as Tesla investors are worried that he is focused more on Twitter than the electric vehicle company.

Tesla has lost nearly half of its market value and Musk’s value has fallen approximately $70 billion since he made a bid for Twitter back in April.

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Tech

Musk slams investigation of bedrooms at Twitter HQ

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It’s every office worker’s dream, turning headquarters into a snooze zone… but Elon Musk has slammed concerns

Elon Musk has criticised San Francisco Mayor over an investigation into offices turned into bedrooms at Twitter’s headquarters.

Musk accused the city of attacking companies providing bedrooms for “tired employees”.

The new Twitter boss recently demanded staff committed to long hours or left.

San Fran authorities are investigating potential violations of the building code

A Department of Building Inspection official told local media ‘We need to make sure the building is being used as intended.”

It follows this tweet from the director of product management, attracting thousands of eyeballs for her hashtag ‘sleep where you work’ post.

In May 2020, prior to Musk’s takeover, Twitter told employees they could work from home “forever” if they wished too.

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