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Meta's Oversight Board Weighs in on New Hate Speech Policies

Meta's Oversight Board is preparing to review the company's new hate speech policies, which were announced by CEO Mark Zuckerberg shortly before the inauguration of U.S. President Donald Trump. The board plans to examine the policies using four open cases concerning hateful speech. Meta has a mixed track record for taking the Oversight Board's recommendations.

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US House Panel Subpoenas Alphabet over Content Moderation Δ1.78

The US House Judiciary Committee has issued a subpoena to Alphabet, seeking its communications with the Biden administration regarding content moderation policies. This move comes amidst growing tensions between Big Tech companies and conservative voices online, with the Trump administration accusing the industry of suppressing conservative viewpoints. The committee's chairman, Jim Jordan, has also requested similar communications from other companies.

Inside Look at Meta's Dark Side to Be Revealed in Memoir Δ1.77

A former Meta executive is set to publish a memoir detailing her experiences at the social media giant over seven critical years. The book, titled "Careless People," promises an insider's account of the company's inner workings, including its dealings with China and efforts to combat hate speech. The author's criticisms of Meta's leadership may have implications for Zuckerberg's legacy and the direction of the company.

Senate Votes to Strip the CFPB of Its Power to Regulate X Δ1.74

The Senate has voted to remove the Consumer Financial Protection Bureau's (CFPB) authority to oversee digital platforms like X, coinciding with growing concerns over Elon Musk's potential conflicts of interest linked to his ownership of X and leadership at Tesla. This resolution, which awaits House approval, could undermine consumer protection efforts against fraud and privacy issues in digital payments, as it jeopardizes the CFPB's ability to monitor Musk's ventures. In response, Democratic senators are calling for an ethics investigation into Musk to ensure compliance with federal laws amid fears that his influence may lead to regulatory advantages for his businesses.

US FCC Chair Says EU Digital Services Act Is Threat to Free Speech Δ1.74

The chairman of the U.S. Federal Communications Commission (FCC) has publicly criticized the European Union's content moderation law as incompatible with America's free speech tradition and warned of a risk that it will excessively restrict freedom of expression. Carr's comments follow similar denunciations from other high-ranking US officials, including Vice President JD Vance, who called EU regulations "authoritarian censorship." The EU Commission has pushed back against these allegations, stating that its digital legislation is aimed at protecting fundamental rights and ensuring a safe online environment.

Anti-Palestinian Activism Under Trump Sparks Debate over Free Speech and Deportation Δ1.74

Activist groups support Trump's orders to combat campus antisemitism, but civil rights lawyers argue the measures may violate free speech rights. Pro-Palestinian protests on US campuses have led to increased tensions and hate crimes against Jewish, Muslim, Arab, and other people of Middle Eastern descent. The executive orders target international students involved in university pro-Palestinian protests for potential deportation.

Elon Musk to Face Questioning in Suit Over Twitter Buyout Flip-Flop Δ1.74

Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. The case, Pampena v. Musk, involves claims by investors that Musk's statements gave an impression materially different from the state of affairs that existed, ultimately resulting in significant losses for Twitter shareholders. Musk completed the $44 billion buyout after facing multiple court challenges and rebranding the company as X Corp.

DEI Rollback Sparks Backlash at AT&T Δ1.74

AT&T's decision to drop pronoun pins, cancel Pride programs, and alter its diversity initiatives has sparked concerns among LGBTQ+ advocates and allies. The company's actions may be seen as a response to the pressure from former President Donald Trump's administration, which has been critical of DEI practices in the private sector. As companies like AT&T continue to make changes to their diversity initiatives, it remains to be seen how these shifts will impact employee morale and organizational culture.

Protesters Target Tesla and Elon Musk in Portugal Ahead of Snap Election Δ1.73

Dozens of demonstrators gathered at the Tesla showroom in Lisbon on Sunday to protest against CEO Elon Musk's support for far-right parties in Europe as Portugal heads toward a likely snap election. Musk has used his X platform to promote right-wing parties and figures in Germany, Britain, Italy and Romania. The protesters are concerned that Musk's influence could lead to a shift towards authoritarianism in the country.

DEI Is Under Attack in US, Might Live On Under Different Name Δ1.73

The US government's Diversity, Equity, and Inclusion (DEI) programs are facing a significant backlash under President Donald Trump, with some corporations abandoning their own initiatives. Despite this, there remains a possibility that similar efforts will continue, albeit under different names and guises. Experts suggest that the momentum for inclusivity and social change may be difficult to reverse, given the growing recognition of the need for greater diversity and representation in various sectors.

Paramount Ends DEI Policies to Comply with Trump Executive Order Δ1.73

Paramount Global has announced the end of numerous diversity, equity and inclusion policies to comply with President Trump's executive order banning the practice. The company cited the executive order as the impetus for its policy changes, which include ending numerical goals related to hires based on race or ethnicity. Paramount will continue to evaluate its policies and seek talent from all backgrounds.

YouTube Under Pressure to Restore Free Speech Δ1.73

YouTube is under scrutiny from Rep. Jim Jordan and the House Judiciary Committee over its handling of content moderation policies, with some calling on the platform to roll back fact-checking efforts that have been criticized as overly restrictive by conservatives. The move comes amid growing tensions between Big Tech companies and Republicans who accuse them of suppressing conservative speech. Meta has already faced similar criticism for bowing to government pressure to remove content from its platforms.

Dei Policy Shifts Under Trump Administration Sparks Industry-Wide Changes Δ1.72

Pfizer has made significant changes to its diversity, equity, and inclusion (DEI) webpage, aligning itself closer to the Trump administration's efforts to eliminate DEI programs across public and private sectors. The company pulled language relating to diversity initiatives from its DEI page and emphasized "merit" in its new approach. Pfizer's changes reflect a broader industry trend as major American corporations adjust their public approaches to DEI.

White House Announces Crypto Roundtable for Next Week Δ1.72

U.S. President Donald Trump will host a crypto summit on March 7, convening prominent founders, CEOs, and investors from the crypto industry at the White House, where they will discuss regulatory frameworks for digital assets with Crypto and AI Czar David Sacks and Bo Hines, executive director of the working group. The meeting comes as the SEC has recently withdrawn cases against several major cryptocurrency companies, sparking hopes for a more favorable regulatory environment. Industry insiders expect Trump's policy vision to promote innovation and economic liberty in the digital asset space.

Elon Musk's Tesla Facilities Face 'Takedown' Protests Δ1.72

Tesla facilities across the US are facing protests and vandalism in response to Elon Musk's role in the Trump administration. Most "Tesla Takedown" protests have been peaceful, but a few have been destructive with fires intentionally set at Tesla showrooms and charging stations in Colorado and Massachusetts last week. The protests illustrate a growing unease over Musk's influence on the US government.

Tariffs Imposed by Trump Erode Business Confidence Across U.S Δ1.72

Business executives have been in a state of limbo over Donald Trump's fluctuating plans to impose major tariffs since he took office in January. Tuesday's announcement does not end that uncertainty. The prospect of major levies on foreign imports has dominated corporate America's discussions this year, leading companies to try to mitigate costs with pre-ordering and investments being put on hold.

Google's Antitrust Case Takes a Turn Under Trump Δ1.71

The US Department of Justice (DOJ) has released a revised proposal to break up Google, including the possibility of selling its web browser, Chrome, as punishment for being a monopolist. The DOJ argues that Google has denied users their right to choose in the marketplace and proposes restrictions on deals made by the company. However, the proposed changes soften some of the original demands, allowing Google to pay Apple for services unrelated to search.

US Judge Declares Trump's Firing of Watchdog Agency Head Illegal. Δ1.71

A U.S. judge has ruled that President Donald Trump's firing of the head of a federal watchdog agency is illegal, in an early test of the scope of presidential power likely to be decided at the U.S. Supreme Court. The ruling comes after a lengthy legal battle over the authority of the Office of Special Counsel, which protects whistleblowers and reviews unethical practices within the executive branch. The decision marks a significant victory for Democrats, who have sought to limit Trump's ability to control federal agencies.

Trump's Orders Targeting Law Firms Raise Constitutional Concerns, Experts Say Δ1.71

President Donald Trump's executive orders aimed at terminating security clearances and imposing restrictions on law firms Perkins Coie and Covington & Burling have sparked significant legal scrutiny, raising questions about potential violations of constitutional protections. Legal experts argue that these actions may constitute retribution against lawyers who have previously opposed Trump, particularly as these firms represent key adversaries in ongoing legal battles. The implications of these orders could have far-reaching effects on attorney-client relationships and the principle of due process in legal representation.

Investors React to Trump's Address to Congress Δ1.71

U.S. President Donald Trump's address to Congress highlighted his administration's agenda, including tax cuts and future tariffs, amid vocal protests from Democratic lawmakers. Market reactions were muted, with slight gains in S&P 500 stock futures, reflecting a cautious investor sentiment that remained largely unchanged despite the president's assertive rhetoric. Analysts noted that while the speech did not introduce unexpected elements, ongoing tariff policies could continue to create volatility in the markets.

UK Asks Social Media Firms to Assess Online Risks by March 31 Δ1.71

Britain's media regulator Ofcom has set a March 31 deadline for social media and other online platforms to submit a risk assessment around the likelihood of users encountering illegal content on their sites. The Online Safety Act requires companies like Meta, Facebook, Instagram, and ByteDance's TikTok to take action against criminal activity and make their platforms safer. These firms must assess and mitigate risks related to terrorism, hate crime, child sexual exploitation, financial fraud, and other offences.

Target Faces 40-Day Consumer Boycott Over Shift Away From Diversity, Equity and Inclusion Policies Δ1.71

A 40-day consumer boycott starting today is targeting Target over its shift away from diversity, equity and inclusion (DEI) policies, which have sparked widespread protests and criticism from customers and community leaders. The boycott, led by prominent pastor Rev. Jamal Bryant, comes at a difficult time for the company as it faces an onslaught of tariffs in the middle of a challenging economy. Target's decision to eliminate hiring goals for minority employees and make changes to its diversity initiatives has drawn intense backlash from DEI supporters.

Business News Roundup Faces Financial Dilemmas, Regulatory Challenges, and Competitive Pressures Δ1.71

Consumer Reports has released its list of the 10 best new cars to buy in 2025, highlighting vehicles with strong road test scores and safety features. The announcement comes as Eli Lilly & Co. is expanding its distribution of weight-loss drug Zepbound at lower prices, while Target is scaling back its DEI efforts amidst declining store visits. Meanwhile, Costco's luxury goods segment continues to grow, and Apple has secured President Trump's backing for its new investment plan.

The Unstoppable Artificial Intelligence (AI) Stock That Could Join the $3 Trillion Club by 2028 Δ1.71

Meta Platforms is poised to join the exclusive $3 trillion club thanks to its significant investments in artificial intelligence, which are already yielding impressive financial results. The company's AI-driven advancements have improved content recommendations on Facebook and Instagram, increasing user engagement and ad impressions. Furthermore, Meta's AI tools have made it easier for marketers to create more effective ads, leading to increased ad prices and sales.

Google Faces Congressional Scrutiny Over Internal Communications Δ1.71

The U.S. House Judiciary Committee has issued a subpoena to Alphabet Inc, seeking the company's internal communications as well as those with third parties and government officials during President Joe Biden's administration. This move reflects the growing scrutiny of Big Tech by Congress, particularly in relation to antitrust investigations and national security concerns. The committee is seeking to understand Alphabet's role in shaping policy under the Democratic administration.

Trump Put Looms as S&p Reverses Election Rally, Bofa Says Δ1.71

The S&P 500's reversal of its post-election rally has sparked concerns that President Donald Trump may intervene to support the market, according to Bank of America Corp. strategists. Investors are watching for signs of government intervention as the benchmark has slipped almost 3% this month on worries about Trump's proposed tariffs. The benchmark is now just about 1% from its closing level of 5,783 points on November 5, the day of the Presidential election.