Musk under Investigation, Facebook’s Fake-news Victory: The Week in Tech News

What’s up, my name is Michael Nunez! We’re here at the Nasdaq in Times Square, and this is Technically Speaking. First up! Our favorite maniacal
billionaire Elon Musk is back in the news. This time it’s because the Justice
Department announced on Tuesday that it has opened an investigation into Elon
Musk’s electric car company Tesla for a tweet that he sent out in August. Elon Musk tweeted last month that he was considering taking Tesla private at $420 per share and that he had, quote, “funding secured.” Turns out that wasn’t quite true and now the company he founded is facing a criminal
probe over that tweet. Tesla said last month it received a, quote, “voluntary
request for documents” from the Justice Department, and that the company, quote,
“[respects] the DOJ’s desire to get information and [believes] that the matter
should be quickly resolved.” But if it’s not, this could spell big trouble for Elon.
All this is happening while the SEC is also investigating Musk for the same
tweet about the same claim to take his company private. So in sum, if you’re a
billionaire with a lot of extra time, maybe try logging off Twitter. It could
end up saving you a fortune. Next up! Donald Trump is exempting Apple products
from new tariffs on Chinese goods. The Trump administration on Monday slapped
tariffs on $200 billion worth of Chinese imports but gave an exemption to
consumer electronics makers like Apple and Fitbit. While the tariffs will affect
a wide range of industries, Apple fans have been concerned about what Trump’s
trade war would do to the price of Apple products. But, at least for now, Tim Cook
can breathe a sigh of relief. The trade department included Apple Watches and
AirPods on a list of 300 products exempt from the tariffs. Whether the
exemption lasts remains to be seen, but Donald Trump appears to be signaling to
many US companies that they won’t be making quite as much money as they used
to in China. Unfortunately for gadget fans, that may
soon include electronic makers like Apple and Fitbit. And finally! Facebook is at last making progress against fake news. A study released on Monday from
researchers at Stanford and NYU claims that less reputable sites have been
getting substantially less interaction on Facebook. The study looked at 570 fake
news sites on Facebook since 2016, and at their peak, these sites were receiving
200 million monthly engagements. But now that number has dropped to just 70
million. The belief is that this is in part due to Facebook’s
gigantic investment in the space. Following several congressional
testimonies this year, Facebook said it plans to build a permanent workforce of
20,000 to protect against misinformation campaigns. Though progress has been made,
the evidence found in the study is far from definitive, but it is consistent
with the view that the misinformation problem on Facebook is declining. But how much? We’ll probably learn more after the elections in November. That’s it for this
week. Be sure to check out for more tech news, and we’ll see you
next time on Technically Speaking.

, , , , , , , , , , , , , , , , , , , , , , , ,

Post navigation

13 thoughts on “Musk under Investigation, Facebook’s Fake-news Victory: The Week in Tech News

  1. Companies under investigation: Verizon, Chase, Merrill Lynch, etc… mashable… Where are these stories? Oh… Not click-bait enough for you?

  2. See, my problem with the whole "reducing misinformation" thing is, who's going to watch the watchmen? What if the managers regulating this group decide pages saying "white people are literally mechahitler" are perfectly fine, while a page saying "equal opportunity and preferential treatment are two entirely different things." is horrible heresy and must be exterminated? Silicon valley is so far left that just being centrist makes you an alt right nazi in their perspective, so I ask again, who will watch the watchmen?

  3. I don’t believe that the Gov should be able to investigate tweets. Last I remember the elected officials can’t prosecute conjectures. And what happened to liberty and free speech. I blame the left.

  4. No tariffs on Apple products? People shouldn’t be worried about the price of Apple garbage. It’s already overpriced…..

  5. Funny that you use the term "fake news." I will be unsubscribing to this feed. It's obvious that the information is selected based upon a leftist driven agenda

Leave a Reply

Your email address will not be published. Required fields are marked *