Bulletins

Facebook will block new political ads in the week before Election Day

Facebook announced a number of new initiatives that it hopes will help protect the integrity of the U.S. elections in November.


Those initiatives include:

  • Not accepting new polticial ads in the week before the election.
  • Removing posts that claim that people will get COVID-19 if they take part in voting, and adding context to posts that appear to use COVID-19 to discourage voting.
  • Attaching information to content that "seeks to delegitimize the outcome of the election or discuss the legitimacy of voting methods."
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Cisco blamed COVID-19 lockdowns in China and the war in Ukraine for its flat revenue growth during the fiscal third quarter, and forecast for a declining current quarter when it reported earnings late Wednesday.

Supply shortages appear to be the largest culprit, and CEO Chuck Robbins said during a conference call Wednesday that the company’s disappointing revenue was the result of its inability to secure adequate components to sell its various products. The lockdowns in China were especially damaging, Robbins said.

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Block just detailed plans for its self-custody bitcoin hardware wallet, aiming to bring together the often contradictory goals of convenience and crypto security. Block's goal is to monetize the wallet through a subscription service.

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Apple's loss is Google's gain: Ian Goodfellow, who was a director in Apple's machine learning division, left the company recently, citing the company's return-to-office policy as the reason for his departure. Goodfellow is reportedly joining Google's DeepMind AI group.

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SEC Chair Gary Gensler warned Congress Wednesday that consumers and investors are vulnerable in an increasingly volatile crypto market now reeling from a sharp downturn.

Citing the recent collapse in the crypto market's value, Gensler said, “This is a field that is now worth $1.2 trillion. Two weeks ago it was supposedly worth $2 trillion.”

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New York Attorney General Letitia James is launching an investigation into social media companies' role in this past weekend's mass shooting in Buffalo, which the shooter mapped out on Discord for months prior to the attack and livestreamed on Twitch before the video was taken down.

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Salesforce will slow hiring and cut back other expenses, according to a Wednesday report from Insider. The company will join Meta, Netflix, Coinbase, Uber and others that have slowed or frozen hiring in recent weeks.

Per an internal memo, cutbacks will include corporate travel and some upcoming off-sites, Insider reported.

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Tesla's cars have helped spur an electric vehicle revolution. But that wasn't enough to stop the S&P 500 from removing the company from its ESG list on Tuesday, leading Elon Musk to call the list a "scam" that has been "weaponized by phony social justice warriors."

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The Department of Homeland Security has paused work on its recently announced Disinformation Governance Board, according to The Washington Post. The board's director, Nina Jankowicz, has also resigned following an unrelenting stream of harassment. The Post first reported Jankowicz's resignation, and Protocol has since confirmed it.

The board's rollout was shoddy even by DHS Sec. Alejandro Mayorkas' own admission. From the outset, DHS revealed next to nothing about the board's goals or its authorities, leading to concerns that this new entity might be surveilling social media and deciding what does and doesn't constitute disinformation. Conservatives also quickly pounced on Jankowicz, accusing her of being a partisan hack. According to the Post, DHS forbid Jankowicz from saying anything publicly in her own defense.

In truth, the goal of the board, Mayorkas explained far too late, was to do the opposite of what it was being accused of. Throughout DHS, agencies are already working on ways to combat misinformation and disinformation. The purpose of the board was to coordinate those efforts and ensure that they weren't crossing lines with regard to free speech and privacy.

But the decision to do that in a public way rather than in a private audit drew undue scrutiny to the effort. As one source familiar with DHS' plans recently told Protocol, “Having a very large governance board and a really big, public rollout for it with a very well-known person in this space very publicly leading it, that probably drove their risk up a little more than it needed to."

In a statement, DHS spokesperson Angelo Fernandez said the board has been "grossly and intentionally mischaracterized," and confirmed that the Homeland Security Advisory Council is now leading a review of the board in hopes of answering two questions. "First, how can the Department most effectively and appropriately address disinformation that poses a threat to our country, while protecting free speech, civil rights, civil liberties, and privacy. Second, how can DHS achieve greater transparency across our disinformation-related work and increase trust with the public and other key stakeholders," Fernandez said.

The final recommendations are due within 75 days, during which time, the board's work will be paused.

Among the board's critics were not just the usual suspects in conservative circles, but also platform regulation scholars and legal experts who feared that the well had already been poisoned. Elon Musk and Jeff Bezos also got in on the act, with Bezos tweeting this week that the "newly created Disinformation Board should review" one of President Biden's tweets about taxing the wealthy to fix inflation.

This story has been updated to include comments from DHS.

The North Sea is already an offshore wind-power hotspot globally. The European Union is about to take further advantage of the bountiful breeze there in an effort to meet its climate goals and end its dependence on Russian oil and gas.

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Failing to credit original creators will cost platforms users. TikTok has come under fire for this in the past, and it's now trying to keep original creators on the app with new attribution tools.

The platform announced it's rolling out the ability to directly tag, mention and credit a video in the description on Wednesday. TikTok is also adding more prompts to credit original users in the process of posting a video. Once a user creates or edits a TikTok video, they can tap on a tag page and select the content that uses the same sound. That tag will be added as a mention in the video's caption.

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New York state's Division of Human Rights has filed a complaint against Amazon that claims that the company forces workers who are pregnant and workers with disabilities to take unpaid leave instead of making accommodations for them that would allow them to continue working.

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Recent college graduates expect more out of their jobs — approximately $70,000, to be exact.

Recruiting software company iCIMS released its Class of 2022 Report on Wednesday. The latest edition of the annual report examines job trends, career expectations and aspirations of the most recent college grads entering the workforce. Researchers at the recruiting software company surveyed 500 HR and recruiting professionals and 1,000 recent college graduates to better understand their sentiments about workplace expectations.

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Andreessen Horowitz is officially planting a flag in the game industry with the launch of its very first gaming fund.

The $600 million fund, which the firm is calling Games Fund One, will focus on a mix of game studios, gaming infrastructure companies and consumer gaming software providers — similar to Discord and Twitch, the firm says — that support gaming ecosystems and communities.

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Michael Bloomberg is pouring nearly a quarter-billion dollars into supporting the clean energy transition abroad.

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Netflix has laid off 150 employees as part of previously announced cost-cutting efforts. According to a report from Deadline, the layoffs are across departments, and primarily impact U.S.-based staff.

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Top Twitter executives are fleeing the company in a sign that everything is fine (right?). Three senior employees are leaving the company in the midst of ongoing Elon Musk acquisition drama, according to Bloomberg.

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Tiger Global sold off its stakes in some high-flying companies as tech stocks took a tumble at the beginning of the year — particularly some that recently went public. The firm, known for taking controversially big bets on late-stage startups paired with a hands-off approach, slashed its entire stake in Bumble, Airbnb, Affirm, PayPal and DiDi this year.

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Elon Musk is slamming the brakes on his deal to acquire Twitter due to what he considers a huge issue on the platform: the actual number of spam accounts. But detecting bots is a lot harder than it looks.


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Disney is opening up its flagship streaming service to advertising, but the company is being cautious: According to Variety, Disney+ won't allow alcohol-related or political ads to keep the service family-friendly.

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Apple has once more delayed its plan to require employees to come to the office three days a week, although most workers were already required to return to the office twice a week. The company claimed that the rise in COVID-19 cases necessitated a pause in the controversial and much-protested ramp up, according to a Bloomberg report.

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Last year was a banner year for renewable power in the U.S. But there’s no time to rest on our laurels: If the country wants to meet its climate and emissions reduction goals, more solar panels and wind turbines need to be installed at an even faster pace.

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Now, it’s tether taking a hit. The world's largest stablecoin has seen investors pull out $7 billion amid the ongoing crypto crash.

The market circulation of tether, also known as USDT, has dropped from about $83 billion on May 11 to around $76 billion on Tuesday, according to CoinMarketCap. The decline coincided with the crash of another major stablecoin, UST, and its sister cryptocurrency luna.

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Bulletins