“Threads, the Twitter rival launched last Wednesday by Facebook parent Meta Platforms Inc. has achieved 100 million sign-ups,” Marketwatch reports.
Elon Musk Proposes Alternative to a Cage Fight
Elon Musk asked for a “literal dick measuring contest” with Mark Zuckerberg as the two tech titans battle over their social media empires.
Zuck’s Threads Halo
“For the first time in years, Meta CEO Mark Zuckerberg is riding a wave of good press for going after a competitor,” Axios reports.
“The perfectly-timed launch of Meta’s Twitter copycat app, Threads, is being celebrated as a win by many users who have grown tired of the drama surrounding Twitter under its new owner Elon Musk or who dislike changes Musk has made.”
Twitter Threatens to Sue Over Threads
Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform, accusing the social media giant of poaching former employees to create a “copycat” application, Semafor reports.
You can follow me here on Threads.
Threads Is Live
Meta has officially released Threads — a text-based Twitter competitor based on Instagram.
Judge Bars Officials from Contacting Social Media Firms
“A federal judge on Tuesday blocked key Biden administration agencies and officials from meeting and communicating with social media companies, in an extraordinary injunction in an ongoing case that could have profound effects on the First Amendment,” the Washington Post reports.
“The injunction came in response to a lawsuit brought by Republican attorneys general in Louisiana and Missouri, who allege that government officials went too far in their efforts to encourage social media companies to address posts that they worried could contribute to vaccine hesitancy during the pandemic or upend elections. The Trump-appointed judge’s move could upend years of efforts to enhance coordination between the government and social media companies.”
Biden to Announce $42 Billion for High-Speed Internet
“President Biden on Monday is set to announce more than $42 billion to expand high-speed internet access nationwide, commencing the federal push to help an estimated 8.5 million families and small businesses finally take advantage of modern-day connectivity,” the Washington Post report.
AI in Elections Sets Off a Scramble for Guardrails
New York Times: “What began a few months ago as a slow drip of fund-raising emails and promotional images composed by A.I. for political campaigns has turned into a steady stream of campaign materials created by the technology, rewriting the political playbook for democratic elections around the world.”
“Increasingly, political consultants, election researchers and lawmakers say setting up new guardrails, such as legislation reining in synthetically generated ads, should be an urgent priority.”
Video Undercuts Claim Twitter Censored Pro-Trump Speech
The Washington Post has obtained internal Twitter records, including a copy of a Jan. 5, 2021, video call, that show Twitter leaders discouraged the platform’s trust and safety staff members from removing tweets they felt were calls for violence in the wake of Donald Trump’s 2020 election loss.
The video and the other documents, which were collected by the Jan. 6 committee but not released, undermine current Republican efforts in Congress to build a case that the tech companies were “weaponized” against conservative ideas.
Elon Musk Bans Term ‘Cisgender’ on Twitter
Elon Musk announced that the words “cis” and “cisgender” are now “considered slurs” on Twitter.
U.S. Agencies Hit with Cyberattack
“Several U.S. federal government agencies have been hit in a global cyberattack that exploits a vulnerability in widely used software,” CNN reports.
“It was not immediately clear if the hackers responsible for breaching the federal agencies were a Russian-speaking ransomware group that has claimed credit for numerous other victims in the hacking campaign.”
Elon Musk Concedes Twitter Revenue Down by Half
“Elon Musk said Monday that Twitter revenue has been cut in half since he took ownership of the company,” the Daily Beast reports.
“More than half of Twitter’s top advertisers suspended ads this winter, but this is the first time Musk has publicly acknowledged the extent of the damage.”
Twitter’s Ad Sales Plunge
“Twitter’s U.S. advertising revenue for the five weeks from April 1 to the first week of May was $88 million, down 59 percent from a year earlier,” the New York Times reports.
“Twitter’s ad sales staff is concerned that advertisers may be spooked by a rise in hate speech and pornography on the social network, as well as more ads featuring online gambling and marijuana products.”
YouTube Rolls Back Misinformation Policy
“In a reversal of its election integrity policy, YouTube will leave up content that says fraud, errors or glitches occurred in the 2020 presidential election and other U.S. elections,” Axios reports.
Twitter’s Head of Trust and Safety Quits
Twitter’s head of trust and safety, Ella Irwin, “has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October,” Reuters reports.
“An email to Twitter returned an automated reply with a poop emoji.”
Elon Musk Wins Pentagon Contract for Ukraine Internet
“SpaceX’s Starlink, the satellite communications service started by billionaire Elon Musk, now has a Department of Defense contract to buy those satellite services for Ukraine,” Reuters reports.
Twitter Now Worth Just 33% of What Elon Musk Paid
“Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company,” Bloomberg reports.
Twitter Engineering Boss Quits
“An engineering chief at Twitter says he is leaving the company a day after the launch of Ron DeSantis’ presidential campaign on the platform was hit with technical glitches,” the BBC reports.
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