Tag: Twitter

Twitter’s Jack Dorsey Supports Adoption of Bitcoin

Twitter’s Jack Dorsey Supports Adoption of Bitcoin

Twitter CEO Jack Dorsey recently expressed his interest in cryptocurrencies such as Bitcoin and said that he would like to see it adopted as global means of payment. Dorsey, who is also CEO of Square, said that he believes Bitcoin, or another cryptocurrency, will become the internet’s native currency. It is said that Dorsey wants to have his company at the forefront of cryptocurrency adoption as it would lower the barrier for Dorsey’s payments company to enter new markets. According to Nomura Instinet, Square’s mobile payment app, which was launched in January, is growing faster than PayPal’s Venmo partly due […]

Twitter Launches New Strategy Against “Trolls”

Twitter Launches New Strategy Against “Trolls”

Twitter announced Tuesday that it will be using a new strategy involving the use of behavioral signals to identify internet “trolls” and limit the visibility of their tweets. CEO Jack Dorsey revealed that behavior such as the frequency of tweets from users about accounts that do not follow them, or users that have not confirmed their email address will determine where and how their tweets will appear on the service, even if the tweets themselves are not violating any rules. Dorsey said that this should take some of the burden off people who report abusive tweets, citing that past efforts […]

Twitter, Instagram Slammed for Failing to Take Down Xanax Ads

Twitter, Instagram Slammed for Failing to Take Down Xanax Ads

Labour MP for Enfield Southgate in London Bambos Charalambous brought to the attention of the parliament this week several accounts and ads on Twitter and Instagram for anti-anxiety medication Xanax. The MP revealed that the social media sites had not taken action despite reports that were sent to them. According to the BBC, Twitter had failed to take down 16 of such posts and pages, while Instagram took down 7 out of 10 within two weeks.    The drug’s manufacturer, Pfizer, said that the Xanax being advertised were likely to be fake. Source: BBC

Twitter Warns Users to Change Passwords Immediately

Twitter Warns Users to Change Passwords Immediately

In a blog post this week, Twitter admitted that a bug had compromised user passwords by storing them in plaintext and advised all user to immediately change their login details. The passwords had reportedly been exposed for several months, affecting a substantial number of users. However, the company assured that they are using a technology that masks the passwords created by users and no one in the company can see it. The company also said that they have fixed the issue and there seems to be no evidence of breach or misuse. Source: ZDNet

US Congress Divided Over Social Media Filtering, Tech Companies Skip Hearing

US Congress Divided Over Social Media Filtering, Tech Companies Skip Hearing

Last Thursday, Republican and Democrats in the House of Representatives argued over the responsibility of social media companies in filtering content. Republicans complained that companies such as Facebook, Twitter and Google censor too much content published by conservatives. While lawmakers from both sides agreed that social media platforms should take down illegal content such as fraud, piracy and sex trafficking, opinions differed on how to tackle objectionable content. Tech companies, however, did not attend the hearing and refused to comment on the statements made by the lawmakers. Source: Reuters

Twitter Shares Climb After Earnings Beat Expectations

Twitter Shares Climb After Earnings Beat Expectations

Twitter shares went up as much as 13% after the company announced last Wednesday that it had exceeded revenue expectations. Analysts had put the company’s first-quarter earnings and revenue at $608 million at 12 cents earning per share. However, Twitter revealed that it had earned $655 million, with 16 cents earnings per share. The microblogging giant also achieved 336 million monthly active users, as opposed to 334.2 million predicted by analysts. It is said that the shift of ad budgets from television, as well as the growth from ad revenue mainly from China and Japan greatly contributed to the company’s […]

Malaysia to Look into Twitter Bot Activity

Malaysia to Look into Twitter Bot Activity

Malaysia’s communications and multimedia minister said that the country’s regulators will be looking into the activity of “bots” or automated accounts on Twitter after receiving numerous complaints last Friday. Communications Minister Salleh Said Keruak revealed that Twitter was being flooded with thousands of pro-government and anti-opposition messages a few weeks before Malaysia’s elections. Meanwhile, the IT bureau of Prime Minister Najib Razak’s ruling party, the United Malays National Organisation, denied running the bots and said that they did not know who was behind it. Twitter currently allows bot accounts but restricts the posting of identical messages from multiple accounts. Source: […]

Australian Ministers, Google, Apple to Meet for Cybersecurity

Australian Ministers, Google, Apple to Meet for Cybersecurity

It was reported this week that the Australian government has sent a number of officials and cybersecurity experts to the RSA Conference in the US to show off local talent and deepen cyber-alliance ties between the two countries. Minister for Law Enforcement and Cyber Security Angus Taylor, Commonwealth Cyber Coordinator Alastair MacGibbon, and Australian Federal Police Assistant Commissioner Neil Gaughan is set to meet with officials from Washington, Department of Homeland Security, and the FBI this week. The will also be having a meeting with representatives from Apple, Google, Paypal, and Twitter to discuss tech challenges faced by law enforcement. […]

1.2 Million Twitter Accounts Closed for Posting Terrorist Content

1.2 Million Twitter Accounts Closed for Posting Terrorist Content

Twitter recently announced in its latest transparency report that from August 2015 to December 2017, it had taken down 1.2 million accounts linked with terrorism. The company said that internal, proprietary tools were used to suspend 93% of said accounts, with 74% suspended even before posting their first tweet. Only around 0.2% of the figure were suspended as a result of governments filing reports with the company. Twitter also revealed that the number of accounts suspended for terrorist content had gone down by as much as 8% at the last count in September.   Source: ZDNet

Singapore Plans Against Fake News Raises Concerns from Tech Giants

Singapore Plans Against Fake News Raises Concerns from Tech Giants

Last Tuesday, US tech giants have expressed their worries on Singapore’s plans for new legislation aimed at tackling the problem of fake news. Alvin Tan, Facebook’s head of public policy for Southeast Asia said that the city-state already had a variety of laws and regulations which address hate speech, defamation and the spreading of false news, and a new one will not be the best way to address the issue of misinformation. In a parliamentary hearing attended by executives from Facebook, Twitter and Google, Singapore pointed out that it was particularly vulnerable to the effects of fake news due to […]