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Rise in hate speech on Twitter driving advertisers away

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As Twitter’s ability to moderate hate speech suffers, advertisers are fleeing the platform and hurting the company’s bottom line

Twitter’s advertising revenue fell almost 60% throughout April and early May from a year ago, and the company regularly fails to meet weekly sales projections by roughly 30 per cent, according to the New York Times.

That equates to losses of almost US$90 million over that time.

Advertisers, the primary source of income for the platform, are fleeing Twitter amid a marked rise in hate speech on the platform.

Elon Musk bought the company for US$44 billion in October 2022, and immediately started cutting staff in content moderation and other roles as a means to reduce overheads.

The tech billionaire, who describes himself as a “free-speech absolutist”, has said in recent months that the company is on the way up.

He may have other things on his mind, however.

Musk has recently agreed to hold a caged fighting match with fellow tech billionaire and Facebook founder, Mark Zuckerberg.

The pair recently began exchanging plans for the fight, which, if all goes to plan, will be held in an octagon in Las Vegas.

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Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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How can we support a more eco-friendly future?

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With a $23 million commitment for a national circular economy and $1.3 million for net zero transition guidance, Australia is advancing towards sustainability.

Funding Futures is a weekly TV show on Ticker, hosted by Mike Loder and Steven Maarbani from Venture Crowd, that delves into the dynamic and evolving world of venture crowd-raising.

In this episode, we are joined by Cameron Hope, Founder of CEO of Hirehood. #trends #funding futures

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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