Elon Musk polls Twitter users over stepping down as CEO – business live

Elon Musk says he will honour the results of a Twitter poll asking whether the should resign as head of the social media platform

Telsa investors seem to pleased with the way that Musk’s Twitter poll is leaning towards his potential resignation, with shares up 4% in pre-market trading:

Economic data interlude:

Continue reading...

Digital Services Act: inside the EU’s ambitious bid to clean up social media

The legislation aims to tackle problems as wide-ranging as misogyny, disinformation and consumer fraud

Nearly two decades after the birth of Facebook ushered in the social media era, the EU is introducing ambitious legislation designed to clean up the world’s biggest online forums.

Intended to tackle misogyny, protect children, stop consumer fraud, curb disinformation and protect democratic elections, the Digital Services Act (DSA) is wide-ranging. The UK is introducing its own statute, the online safety bill, but the EU’s rules are likely to have a bigger impact because they cover a bigger market, and the EU is more influential as a regulatory power.

Continue reading...

Twitter’s suspension of journalists sets ‘dangerous precedent’, UN warns

Pressure grows on Elon Musk as EU says social media platform could face sanctions over suspensions

The United Nations is “very disturbed” by Twitter’s abrupt suspension of a group of US journalists, a spokesperson has said, warning that the move sets a “dangerous precedent” – as the EU said the social media platform could fall foul of forthcoming digital regulations.

Stéphane Dujarric said on Friday the UN was “very disturbed” by the barring of prominent tech reporters at news organisations including CNN, the Washington Post and the New York Times who have written about Musk and the tech company he owns.

Continue reading...

Hong Kong pressures Google to remove protest anthem from searches

Authorities want Glory to Hong Kong axed from top results and replaced with China’s national anthem

Google has refused to change its search results to display China’s national anthem, rather than a protest song, when users search for Hong Kong’s national anthem, the city’s security chief has said, expressing “great regret” at the decision.

Google’s parent company, Alphabet Inc, did not immediately respond to a request for comment.

Continue reading...

Twitter relaunches blue tick service with higher price for iPhone users

Those willing to pay $8 on the web or $11 a month via Apple’s app store will get more prominence

Twitter is relaunching its subscription service on Monday, offering users verified status for $8 (£6.50) a month or $11 a month on their iPhone.

The move follows a botched revamp of the service last month that resulted in a host of impersonator accounts appearing on the platform as some users took advantage of the chance to launch bogus “verified” accounts for major companies and public figures.

Continue reading...

Bankman-Fried ‘would give anything’ to start new business to repay FTX users

Former boss of collapsed crypto-exchange says he has duty to try to recoup investors’ lost money

Sam Bankman-Fried, the former boss of the failed crypto-exchange FTX, has said he hopes to start a new business to help pay back the victims of his old firm’s collapse.

Speaking to the BBC from the Bahamas, he said he would “give anything” to be able to begin a new venture in order to recoup his users’ lost investments.

Continue reading...

Risky online behaviour ‘almost normalised’ among young people, says study

EU-funded survey of people aged 16-19 finds one in four have trolled someone – while UK least ‘cyberdeviant’ of nine countries

Risky and criminal online behaviour is in danger of becoming normalised among a generation of young people across Europe, according to EU-funded research that found one in four 16- to 19-year-olds have trolled someone online and one in three have engaged in digital piracy.

An EU-funded study found evidence of widespread criminal, risky and delinquent behaviour among the 16-19 age group in nine European countries including the UK.

Continue reading...

Macron says he had ‘clear and honest’ discussion with Musk on Twitter policy

The French president had flagged concerns over the platform’s content moderation just a day before

Emmanuel Macron said he had a “clear and honest” discussion with Elon Musk about Twitter’s content moderation policies, just a day after the French president had flagged his concerns on the issue.

“Transparent user policies, significant reinforcement of content moderation and protection of freedom of speech: efforts have to be made by Twitter to comply with European regulations,” Macron said in a tweet after his meeting with Musk on Friday afternoon.

Continue reading...

Vanuatu officials turn to phone books and typewriters, one month after cyber attack

Government websites and email still offline, leading to delays in payments and services across the country

One month after a cyber-attack brought down government servers and websites in Vanuatu, frustrated officials were still using private Gmail accounts, personal laptops, pen and paper, and typewriters to run the government of the prime minister, Ishmael Kalsakau, who came into office just a few days after the crash.

The malware attack on state networks has caused delays in communication and coordination in the Pacific island nation of 314,000 people and 80 islands.

Continue reading...

Chinese bots flood Twitter in attempt to obscure Covid protests

Activity indicates ‘first major failure’ to stop government interference under ownership of Elon Musk

Twitter has been flooded with nuisance posts designed to obscure news of the coronavirus lockdown protests in China, in an apparent state-directed attempt to suppress footage of the demonstrations.

Chinese bot accounts – not operated by humans – are being used to flood the social networking service with adverts for sex workers, pornography and gambling when users search for a major city in the country, such as Shanghai or Beijing, using Chinese script.

Continue reading...

BT asks ministers to help pay for low-cost broadband for poorest customers

Critics say telecoms firms such as BT – which made £1.9bn profit last year – can afford to keep customers on benefits connected

BT has warned that the telecoms industry cannot afford an estimated potential loss of up to £2bn annually providing low-cost broadband to millions of the UK’s most financially pressured households, but critics have said they have an obligation to do so.

Marc Allera, the chief executive of BT’s consumer division, which includes the mobile company EE, said the industry needed government support to help cover the ongoing cost of providing cheap tariffs, the same way households have been helped with energy bills.

Continue reading...

Gangs of cybercriminals are expanding across Africa, investigators say

Online scams such as banking and credit card fraud are the most prevalent cyberthreat, say Interpol

Police and investigators fear organised gangs of fraudsters are expanding across sub-Saharan Africa, exploiting new opportunities as a result of the Covid-19 pandemic and the global economic crisis to make huge sums with little risk of being caught.

The growth will have a direct impact on the rest of the world, where many victims of “hugely lucrative” fraud live, senior police officials have said.

Continue reading...

Online safety bill will criminalise ‘downblousing’ and ‘deepfake’ porn

Nonconsensual explicit images to be tackled in bill returning to parliament next month

Nonconsensual “deepfake” pornography and “downblousing” will be made illegal when the online safety bill returns to parliament in December, the government has announced.

Explicit images taken without someone’s consent, through hidden cameras or surreptitious photography, will be criminalised, including so-called downblousing pictures. A previous law banning “upskirt” voyeurism left a loophole that failed to tackle images that weren’t taken with the intent of photographing the victim’s genitals or buttocks.

Continue reading...

Trump in apparent Twitter snub after Musk lifts ban – as it happened

Speaking of Trump and lawyers, another of his former top White House officials is going to South Carolina’s high court to stop a subpoena from a Georgia prosecutor looking into meddling in the state’s 2020 election, Politico reports:

The appeal to South Carolina’s supreme court by Mark Meadows, Trump’s chief of staff for his final months in the White House, is the latest development in his lengthy battle to resist the summons from Fanni Willis. She’s the district attorney in Fulton county, which contains most of Atlanta, and has empaneled a special grand jury to look into attempts by Trump’s allies to interfere in Joe Biden’s election victory in the state.

Continue reading...

Elon Musk reinstates Donald Trump’s Twitter account after taking poll

‘The people have spoken,’ says site’s owner, having acknowledged during online poll that automated bots were voting too

Elon Musk has reinstated Donald Trump’s Twitter account after users on the social media platform voted by a slim majority to lift a ban on the former US president.

Trump’s account was suspended in 2021 after the January 6 Capitol riot, for violating Twitter guidelines and because of the risk of “further incitement of violence”.

Continue reading...

Twitter has ‘50% chance’ of major crash during World Cup, says insider

Social media giant ill-equipped to deal with traffic spikes after cuts imposed by Elon Musk, according to former employee

Twitter stands a 50% chance of a major outage that could take the site offline during the World Cup, according to a recently departed employee with knowledge of how the company responds to large-scale events.

The former employee, who was granted anonymity because of the sensitivity of what was discussed, has knowledge of the workings of Twitter Command Centre, the platform’s team of troubleshooters who monitor the site for issues such as traffic spikes and data centre outages.

Continue reading...

UK Treasury joins chat app Discord and is met with torrent of abuse

Users on gamer-focused platform manage to respond to posts despite government blocking all comments

The UK Treasury has opened an account on Discord to a torrent of abuse from users of the gamer-focused chat app – abuse they managed to send despite the government blocking all comments on the service.

As Twitter’s future looks increasingly uncertain, prominent users are preparing alternatives, directing followers to Facebook and Instagram accounts, handing out their Mastodon addresses, and setting up servers on chat apps such as Discord.

Continue reading...

Twitter blue check unavailable after impostor accounts erupt on platform

Before Elon Musk took over the badge was granted to celebrities and journalists verified by the platform to prevent impersonation

Twitter’s relaunched premium service – which grants blue check verification labels to anyone willing to pay $8 a month – was unavailable on Friday after the social media platform was flooded by a wave of impostor accounts approved by Twitter.

The latest move caps a chaotic start for the new subscription service, one of the first major changes made by Elon Musk after taking over the company two weeks ago.

Continue reading...

FTX assets frozen by Bahamas regulator as crypto exchange fights for survival

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

The Bahamas securities regulator has frozen the assets of the Bahamas subsidiary of FTX, as the world’s second largest cryptocurrency exchange struggles for survival.

The Securities Commission of the Bahamas said on Thursday it had frozen the assets of FTX Digital Markets and related parties, as well appointing a liquidator for the unit.

Continue reading...

Spanish police officer sentenced after posting fake rape video on Twitter

Guardia Civil first to be convicted after alleging video showed a Moroccan migrant raping a woman

A police officer who deliberately posted a misleading video clip of a sexual assault to try to stir up hatred against migrant children has become the first person in Spain to be handed a jail sentence for using social media to publish and spread fake news.

A court in Barcelona on Tuesday convicted the Guardia Civil officer of an offence against fundamental rights and public freedoms and sentenced him to 15 months in prison and a fine of €1,620 (£1,410).

Continue reading...