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    👍|All eyes on courts: Twitter shareholders on ver…

    By Leah Montebello Twitter shareholders are on the verge of approving Elon Musk’s $44bn takeover of the social media firm, putting all eyes on the ongoing court battle. Sources told the Wall Street Journal that early shareholder votes suggest investors are keen to green light the deal, and votes are scheduled to take place at 1pm Eastern time today. Musk is the company’s largest shareholder, with a roughly 10 per cent stake, and could, in theory, vote on the matter. However, insiders told the publication that this was unlikely considering the legal battle taking place in court. The billionaire…

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    👍|Barrister fined £500 over ‘inappropriate and of…

    By Louis Goss A barrister has been fined £500 for using an anonymous Twitter account to put out a series of “inappropriate and offensive tweets.” The Bar Standards Board (BSB) fined Anthony Daniel Bennett £500 over his use of the Twitter handle “@arrytuttle” to send a series of offensive tweets about fellow barrister Adam Wagner. Bennett, used the @arrytuttle Twitter account to direct a series of tweets towards his former colleague, accusing him of being a “lying propagandist” amid clashes over allegations of antisemitism in the Labour party. Bennet and Wagner had previously worked together in…

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    👍|Former Disney chief says he didn’t buy Twitter …

    By Leah Montebello Disney’s former chief has said the company did not purchase Twitter back in 2016 because a “substantial portion” of its users “were not real”. Speaking atVox Media’s Code Conference, Bob Iger explained that the media giant had debated snapping up the social media firm, but decided against it. “We did look very carefully at all of the Twitter users — I guess they’re called users? — and we at that point estimated with some of Twitter’s help that a substantial portion — not a majority — were not real,” Iger said. “I don’t remember the number but we discounted the value heavily….

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    👍|Web3 will co-exist with centralised aggregators…

    By Darren Parkin The average time spent online is doubling every decade. On average, younger generations spend far more time online than older generations. Digital tokens are the currency of the metaverse. Digital goods have property rights. Web3 makes them ownable, tradeable, composable, and transportable across platforms, spurring smoothly functioning economies of scale. So while centralised aggregators of Web2 own your data, Web3 bridges developers with users, bypassing the centralised eBays, Facebooks, and Twitters of the world. The decentralised social networks of Web3 guarantee that user…

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    👍|Musk calls for Twitter takeover trial to be del…

    By Leah Montebello Elon Musk’s legal team have called for the trial over the $44bn takeover of Twitter to be delayed, citing recent whistleblower claims about the company’s practices. Twitter’s former head of security Peiter Zatko said in a complaint to US regulators in June that Twitter had falsely represented its data security plans. In his complaint to the Securities and Exchange Commission (SEC), he accuses Twitter of deceiving shareholders and violating the agreement it made with the Federal Trade Commission (FTC) to uphold security standards. Musk’s lawyers are using the whistleblower’s …

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    📱|Google blocks Trump’s Truth Social from app sto…

    By Leah Montebello Donald Trump’s new social media app has been blocked by Google Play in another blow to the former President’s quest for “free speech”. It is understood that Google will not allow Truth Social on its app store, which is used by Android phones, until it offers “effective” moderation for user content and prohibits content such as physical threats. Trump launched the social network on the Apple App store in February with the mission to move away from Silicon Valley and “create a rival to the liberal media consortium”. Trump has been banned from both Twitter and Facebook since th…

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    👍|Twitter forced to give former exec’s documents …

    By Leah Montebello Twitter has been ordered to hand over files to Elon Musk from its former consumer product head as the legal battle over his $44bn (£36bn) takeover looms. Twitter last month sued the Tesla founder to make him complete the mega deal, which he backed out of over questions regarding spam and bot account numbers. Musk has accused Twitter of hiding the names of workers who would handle the bot count and called on the judge to make the firm hand details over. The Silicon Valley giant will need to hand over information regarding Kayvon Beykpour, the former head of product, who was r…

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    👍|Explainer-in-brief: Instagram’s attempt to outs…

    By Elena Siniscalco Instagram is scrambling to keep up with its competitor TikTok – and events last month showed how trying to copycat the latter can fall flat. Instagram had to reverse some of its new features after users complained the app was becoming too much like TikTok. Users were also aggrieved their home feeds got inundated by suggested content they weren’t particularly interested in. The company has now shared inside information about how it selects the recommended posts that end up in your home feed. It looks like CEO Adam Mosseri is attempting to regain users’ trust. What the algori…

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    👍|Influencer push: Head of Instagram heads to Lon…

    By Leah Montebello The head of Instagram is set to move temporarily to London as the social media giant tries to keep up with the TikTok influencer wave. Adam Mosseri is set to relocate to Facebook and Instagram parent firm Meta’s King’s Cross offices, with a distinct focus on how he can drive a bigger creator community on Instagram and help users build a business on their platform. London is currently Meta’s largest engineering hub outside the US, with over 4,000 employees across offices. TikTok stars have been a major tenet of the Chinese firm’s success, providing influencers a way to earn a…

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    📱|Google chief tells staff to be more productive

    By Leah Montebello Google chief Sundar Pinchai has called out staff for being unproductive as the world of Big Tech continues to feel the sting. Announcing an initiative called Simplicity Sprint, Pinchai said the company has “real concerns” that productivity is not “where it needs to be for the headcount we have.” As first reported by CNBC, Pinchai told his 170,000 staff members that he would love to get their help for how this culture can be changed, as well as ideas for product development. “We should think about how we can minimise distractions and really raise the bar on both product excel…

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    👍|Meta: Instagram owner has first ever fall in sa…

    By Jack Mendel Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark Zuckerberg-owned company did however have an increase in the number of monthly users on Facebook, with an average of 2.93 month, up one per cent year-on-year, in what appears a successful bid to stave off other platforms like TikTok. “It was good to see positive trajectory on our engagement tr…

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    📱|Big Tech feels a big drop as Google and Microso…

    By Leah Montebello Both Google parent firm Alphabet and Microsoft posted weaker-than-expected earnings last night, as they grapple with the testing macroeconomic backdrop. For Google, revenue growth slowed to 13 per cent in the quarter from 62 per cent a year earlier, while advertising revenue climbed a humble 12 per cent to $56.3bn. Sales also slowed across YouTube, as budgets are tightened amid inflationary pressure. Google Cloud shorted revenue expectations, losing $858m during the quarter. AJ Bell analyst Russ Mould said economic growth was slowing the cloud business’ momentum. “The cloud …