Technology

Elon's Funding Tweet Trial Begins

January 17, 2023
New York Times
The context
After Elon Musk tweeted "funding secured," hinting that he intended to take Tesla private in 2018, investors lost billions when stock prices plummeted after Musk decided not to follow through and buy back Tesla from the public. Those investors sued Musk for their losses, and the trial began in San Francisco today.
Elon's Funding Tweet Trial Begins

2018 tweet

  • In 2018, Elon Musk tweeted about a plan to take Tesla private, causing the carmaker's stock to jump, then plummet when Musk didn't follow through with the plan.
  • The tweet debacle caused investors to lose billions.
  • If the tweet is found by the court to be a false statement in a trial that began today, Tesla and Musk could be liable for billions in damages.
  • The plaintiffs need to prove that the money they lost on Tesla stock was directly tied to Musk's statement, and Musk will need to prove that he did indeed have the funding secured to take Tesla private when he crafted the tweet.
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What else is going on?

The context
Former President Trump was allowed back onto Facebook and Instagram by Meta. The former president was banned when his supporters stormed the Capitol building on January 6th, 2021.
Technology
Thursday, January 26, 2023

Trump Allowed Back on Meta

The context
Former President Trump was allowed back onto Facebook and Instagram by Meta. The former president was banned when his supporters stormed the Capitol building on January 6th, 2021.
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Meta allows Donald Trump back on Facebook and Instagram

  • Former President Trump has been allowed back on Facebook and Instagram by Meta, two years after he was banned for inciting violence after his supporters stormed the US Capitol on January 6th, 2021.
  • Facebook is a powerful fundraising tool that is likely to be heavily utilized by Trump's campaign for the 2024 presidential election. In the 2020 election, Trump generated millions of dollars in campaign contributions on the platform.
  • Democrats argued that Trump still poses a threat to public safety and, as such, should not be reinstated on Meta's platforms.
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The context
The code-hosting platform GitHub says it now has 100 million active users.
Technology
Thursday, January 26, 2023

GitHub Hits 100 Million Users

The context
The code-hosting platform GitHub says it now has 100 million active users.
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100 million users

  • GitHub reached 100 million active users.
  • Github had 90 million plus users three months ago, and 28 million five years ago when Microsoft acquired the company.
  • The platform now serves as the default hosting service for millions of proprietary and open source software projects.
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The context
Eight states and the Justice Department filed an antitrust suit against Google for monopolizing the online advertising industry. The suit alleges that Google purposefully locked out competitors to claim profits that belonged to advertisers and publishers.
Technology
Wednesday, January 25, 2023

Justice Department Versus Google

The context
Eight states and the Justice Department filed an antitrust suit against Google for monopolizing the online advertising industry. The suit alleges that Google purposefully locked out competitors to claim profits that belonged to advertisers and publishers.
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What's in the suit?

  • The Justice Department and eight states filed a suit against Google for abusing its position at the center of the online advertising industry to create a monopoly and claim profits that should have gone to advertisers and publishers.
  • The allegations in the suit also include charges that Google bought up competition and strong-armed advertisers into using Google over other competitors.
  • Google runs an automated auction when you load a site to find advertisers who are willing to pay to show their ads.
  • The suit won't have any immediate impact on users.
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June 8, 2022

This Week In Technology June 2nd

This week, the COO of Meta, Sheryl Sandberg, is stepping down, Elon Musk demanded employees return to the office, and Clearview AI got some bad news.
 This Week In Technology June 2nd
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Sources: 

COO No More

Sheryl Sandberg, the COO of Meta (Facebook), announced she would be stepping down after 14 years.

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Tesla's Back In the Office

Elon Musk declared that Tesla workers should return to the office full time or get lost.

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Facial Technology Clampdown

Privacy watchdogs and AI innovators disagree on the way forward for facial recognition technology.

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Entertainment
May 19, 2022

This Week in Entertainment

The defamation trial of actress Amber Heard and actor Johnny Depp raged on and singer Eric Clapton’s European tour is on hold.

This Week in Entertainment
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Sources: 
ABC, Newsweek, Fox News, Billboard, The Hill, CNN

Ongoing: Amber Heard V. Johnny Depp

May 20th, 2022 

Actor Johnny Depp is suing his ex-wife, actress Amber Heard, for defamation over an op-ed penned by Heard about her experience with domestic abuse. The op-ed is allegedly about her marriage to Depp. 

Clapton on Hold

May 18th, 2022

Guitarist and singer Eric Clapton announced that he would cancel two shows on his European tour after testing positive for Covid-19. 

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Go back in time

The context
The Memphis police chief announced today that officers Tadarrius Bean, Demetrius Haley, Emmitt Martin III, Desmond Mills Jr., and Justin Smith were “directly responsible” for the physical abuse and death of Tyre Nichols. Nichols was beaten after fleeing a traffic stop in Detroit in early January. He died three days later after being transferred to a hospital.
The context
The Memphis police chief announced today that officers Tadarrius Bean, Demetrius Haley, Emmitt Martin III, Desmond Mills Jr., and Justin Smith were “directly responsible” for the physical abuse and death of Tyre Nichols. Nichols was beaten after fleeing a traffic stop in Detroit in early January. He died three days later after being transferred to a hospital.
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Investigation update

  • Memphis Police Chief Cerelyn Davis said that the five officers, Tadarrius Bean, Demetrius Haley, Emmitt Martin III, Desmond Mills Jr., and Justin Smith, were “directly responsible” for the horrific abuse suffered by 29-year-old Trye Nichols.
  • Nichols was beaten for three minutes at a traffic stop by the officers and later died at a hospital from his injuries.
  • The officers were released from duty, and there is an ongoing investigation into the abuse.
  • Davis made the announcement today, saying that the department wants to be honest and transparent about the ongoing investigation.
  • The DOJ and the FBI opened a civil rights investigation into Nichol’s death.
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The context
"Stranger Things" is officially 2022's most streamed show, according to Nielsen’s year-end streaming rankings.
Entertainment
Thursday, January 26, 2023

2022's Most Streamed Show Was Stranger Things

The context
"Stranger Things" is officially 2022's most streamed show, according to Nielsen’s year-end streaming rankings.
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Massive ratings for Stranger Things

  • According to Nielsen's year-end streaming data, the consumption of streaming content rose by about 27 percent compared to 2021.
  • Viewers in the US spent the equivalent of 19.4 million years on streaming platforms.
  • The most streamed show by miles was Stranger Things from Netflix.
  • Stranger Things was viewed for more than 52 billion minutes in 2022.
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The context
NBC's streaming service Peacock topped 20 million subscribers, but they saw quarterly losses widen to $978 million and management expects a $3 billion peak loss in 2023.
Entertainment
Thursday, January 26, 2023

Peacock Reaches 20 Million Subscribers

The context
NBC's streaming service Peacock topped 20 million subscribers, but they saw quarterly losses widen to $978 million and management expects a $3 billion peak loss in 2023.
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Peacock's shaky lift off

  • NBCUniversal's streaming service Peacock grew revenue and subscribers to 20 million subscribers in the fourth quarter, but its loss widened further compared with the year-ago period.
  • Management predicted that the service would lose $3 billion in the coming year.
  • The ad market bottomed out in late November and early December, which cut into the service's revenue.
  • The total media unit revenue for the last quarter of 2022 increased by 2.6 percent, while its adjusted EBITDA fell to $132 million.
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Technology
May 19, 2022

This Week in Tech

Meta caught the attention of researchers and investors. Sony released new earbuds that caught many a gearhead’s attention, and the DOJ declared it would no longer charge “good faith” hackers who partake in security research. 

This Week in Tech
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Sources: 
Fortune, Microsoft News, Euronews, TechCrunch, TNW, Gizmodo, CNET, Vice

Meta-Maniacs

May 18th, 2022

Zuckerberg’s brainchild, the Metaverse, struggles to find lift-off on the markets with mixed results. 

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Sources: Fortune, Microsoft News, Euronews

Sony’s New Earbuds Hit The Market 

May 18th, 2022

Sony’s the name on everybody’s lips today as they announced they are releasing a $200 wireless earbud, and social media is aflame with reviews for their noise-canceling earphones.

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Sources: TechCrunch, TNW, Gizmodo

Good Day To Be a Good Faith Hacker

May 19th, 2022

The DOJ announced on May 19th that they would no longer prosecute so-called “good faith hackers” under the Computer Fraud and Abuse Act. The decision protects hackers who expose security flaws in the interest of public good. 

Learn More

Sources: TechCrunch, CNET, Vice

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