Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Twitter is a “bin fire”: Australia’s eSafety commission

Published

on

The online platform faces fines of up to AU$700K per day if it does not adequately address hate speech

There has been a marked rise of hate speech on Twitter since billionaire Elon Musk bought the platform in October 2022.

This had led to advertisers fleeing the platform, and Australia’s eSafety commission to threaten the site with AU$700,000 in fines per day if it does not clean up its content.

The commission went so far as to call Twitter a “bin fire”, as it received more complaints about online hate on Twitter in the past 12 months than any other platform.

Reports escalated since Elon Musk’s takeover of the company.

A self-described “free-speech absolutist”, Musk vowed to put an end to what he saw as cancel culture that was rampant on the platform.

As part of this, he reinstated many accounts that had been banned by previous management for violating the platform’s terms of use.

Most famously that of former U.S. President Donald Trump, who was banned from Twitter for his involvement in the January 6 riots in Washington DC.

Musk also slashed jobs as part of a cost cutting plan that saw many staff in content moderation, among other departments, made redundant.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now