Tech

“They have put their astronomical profits before people”: Facebook whistleblower slams big tech

Published

3 years ago

October 6, 2021

Frances Haugen is the former product manager now turned whistleblower, and has appeared at a hearing on Capitol Hill.

Facebook has hit back at the claims, saying Haugen was speaking about the areas of the company in which she has no knowledge about.

This comes as scrutiny around the company’s operations and dealings grows… with many pushing for further regulation.

Both Republican and Democratic lawmakers who were conducting the hearing were united in the need for change at the organisation.

Democratic Senator Richard Blumenthal says this moment is the very definition of a bombshell.

Republican Senator Marsha Blackburn believes the social media giant “is not interested in making significant changes to improve kids’ safety on their platforms at least not when that would result in losing eyeballs on posts or decreasing their ad revenues.”

This all follows Haugen appearing on an episode of 60 minutes saying that Facebook continuously chooses profit over the mental health of its users.

At the hearing, Haugen also criticised the leadership of the company’s founder and CEO Mark Zuckerberg, saying no one is currently holding him accountable except for himself.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

News

Tesla’s robotaxi reveal sparks excitement

Published

4 days ago

October 11, 2024

Ahron Young

Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

6 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending