Daily Crunch: Twitter vs. Trump

Tensions escalate between President Trump and his favorite social media platform, Google and Microsoft considering investing in the Indian telecom market and the Raspberry Pi foundation announces a new Raspberry Pi.

Here’s your Daily Crunch for May 28, 2020.

1. Jack Dorsey explains why Twitter fact-checked Trump’s false voting claims

After Twitter flagged a pair of President Trump’s tweets with a fact-checking label on Tuesday, White House officials denounced a specific Twitter employee and said that the president will soon sign an executive order “pertaining to social media.”

Meanwhile, in a series of tweets, Twitter CEO Jack Dorsey resisted the idea that the platform is becoming an “arbiter of truth” and instead said, “Our intention is to connect the dots of conflicting statements and show the information in dispute so people can judge for themselves.” He also said, “There is someone ultimately accountable for our actions as a company, and that’s me. Please leave our employees out of this.”

2. Google and Microsoft reportedly considering stakes in telecom firms in India after Facebook deal

Weeks after Facebook acquired a 9.9% stake in India’s Reliance Jio Platforms, two more American firms are reportedly interested in the Indian telecom market. Google is considering buying a stake of about 5% in Vodafone Idea, the second largest telecom operator in India, according to Financial Times. Separately, Microsoft is in talks to invest up to $2 billion in Reliance Jio Platforms, Indian newspaper Mint reported Friday.

3. Raspberry Pi Foundation announces Raspberry Pi 4 with 8GB of RAM

As always, you get a single-board computer that is the size of a deck of cards. It has an ARM-based CPU, many ports, Wi-Fi, Bluetooth and a big community of computer enthusiasts. The 8GB model costs $75, which makes it the most expensive Raspberry Pi out there.

4. Providing card services to fintech companies around the world gives Marqeta a $4.3 billion valuation

This could have been Marqeta’s year to list as a public company on a major American stock exchange. Instead, in the wake of an American economy pushed over the edge by a global pandemic, the company has turned to an undisclosed financial services firm for another $150 million in equity funding.

5. Verizon CEO Hans Vestberg shares his COVID-19 strategy and tactics

Hans Vestberg, CEO of TechCrunch’s parent company Verizon, joined us for an episode of Extra Crunch Live. In our discussion, he spoke about how he’s managing the organization during this global crisis, his thoughts on work-from-home, acquisition strategy and the ways in which 5G will change the way we work and live. (Extra Crunch membership required.)

6. SpaceX’s first astronaut launch is scrubbed due to weather – next attempt set for Saturday

SpaceX and NASA made the call to scrub the launch since there were a couple of weather issues that prevented the attempt from taking place. The next window for the launch is Saturday, May 30 at 3:22 PM EDT.

7. Netflix, Disney+ or HBO Max? The best streaming service for your watching habits

Don’t waste any time arguing! These recommendations are 100% objectively correct.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

from Social – TechCrunch https://techcrunch.com/2020/05/28/daily-crunch-twitter-vs-trump/
via Superb Summers

Jack Dorsey explains why Twitter fact-checked Trump’s false voting claims

After Twitter flagged a pair of President Trump’s tweets with a fact-checking label on Tuesday, tensions between the president and his favored social media platform are running high.

On Wednesday night, Twitter CEO Jack Dorsey—rarely one to pick a political fight—took to his own platform to clarify the company’s decision.

In the statement, Dorsey referenced comments Mark Zuckerberg made to Fox News contrasting Facebook’s obsessively neutral approach to policing its platform with Twitter’s present situation. “I just believe strongly that Facebook shouldn’t be the arbiter of truth of everything that people say online,” Zuckerberg said. “Private companies… especially these platform companies, shouldn’t be in the position of doing that.”

Dorsey also denounced Trump’s online supporters and surrogates for going after the company’s executives, asking the Twitter’s newly energized critics, inspired by Trump’s own ire toward the company, to “please leave our employees out of this.”

On Dorsey’s own account and the official Twitter Safety account, the company clarified that its decision to add a fact-checking link to two of Trump’s tweets stemmed specifically from the possibility that they might “confuse voters about what they need to do to receive a ballot and participate in the election process.”

In the tweets the company added a label to—but did not hide or remove—the president states falsely that California’s governor is “sending ballots to millions of people, anyone living in the state no matter who they are or how they got there.” In reality, the state is only sending the ballots to registered voters. Trump also made fear-mongering false claims about the integrity of mail-in voting, a system already widely used around the country in the form of absentee ballots.

With his clarification, Dorsey linked to what Twitter calls its “civic integrity policy,” a set of rules prohibiting certain kinds of “manipulative behavior” on the platform. Per those rules, misleading information about how to vote, the documents required to vote or the date and time of an election of other civic process are prohibited. Under the policy, broader claims about elections “such as unsubstantiated claims that an election is ‘rigged’” are not prohibited.

Twitter’s list of possible enforcement actions includes forcing users to delete the tweets, locking their account if the misinformation is present in a bio or permanent suspension “for severe or repeated violations of this policy.”

Though the timing might be coincidental, Tuesday’s move by Twitter came on the heels of a series of tweets from Trump promoting a baseless conspiracy theory that MSNBC host and political rival Joe Scarborough was responsible for the death of a Congressional intern almost two decades prior.

On Wednesday evening, White House press secretary Kayleigh McEnany told reporters the president would soon sign an executive order “pertaining to social media,” widely expected to be a shocking though likely unsubstantial strike back at Twitter’s policy enforcement choices this week. The order may rehash the White House’s previous stalled efforts to threaten Section 230 of the Communications Decency Act—a vital legal provision underpinning the modern internet—and wield power against social media companies through the FTC and FCC.

Alluding to the expected retaliation, Trump tweeted “Stay Tuned!!!” to his more than 80 million followers.

from Social – TechCrunch https://techcrunch.com/2020/05/27/twitter-vs-trump-fact-checking-dorsey/
via Superb Summers

Investors say emerging multiverses are the future of entertainment

The COVID-19 pandemic is accelerating the adoption of new technologies and cultural shifts that were already well underway. According to a clutch of heavy-hitting investors, this dynamic is particularly strong in gaming and extended reality.

Unlike other segments of the startup and tech world, where valuations have been slashed, early-stage companies focused on building new games, gaming infrastructure and virtual or extended reality entertainment are having no trouble raising money. They’ve even seen valuations rise, investors said.

“Valuations have increased pretty significantly in the gaming sector. Valuations have gone up 20 to 25% higher than I would have seen prior to this pandemic,” Phil Sanderson, a co-founder and managing director at Griffin Gaming Partners, told fellow participants on a virtual panel during the Los Angeles Games Conference earlier this month.

Driving the appetite for new investments is the entertainment industry’s bearhug of virtual events, animated features, games and social media platforms after widespread shelter-in-place orders made physical events an impossibility.

from Social – TechCrunch https://techcrunch.com/2020/05/27/investors-say-emerging-multiverses-are-the-future-of-entertainment/
via Superb Summers