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Price of bitcoin jumps after Elon Musk says it is ‘a good thing’

Cryptocurrency rises above $38,000 after Tesla boss changes his biography on Twitter to ‘#bitcoin’ The price of bitcoin rose on Monday after Elon Musk, the billionaire Tesla chief executive, said he was a “supporter” of the cryptocurrency. “Bitcoin is a good thing,” Musk said in comments broadcast on social audio app Clubhouse on Monday. Musk …

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Microsoft’s Bing ready to step in if Google pulls search from Australia, minister says

Paul Fletcher plays down Google threat and says government will not back down on news media code Microsoft’s Bing is ready to swoop if Google makes good on its threat to remove search from Australia when the mandatory news code becomes law, the government has revealed. The communications minister, Paul Fletcher, said Google dominated in …

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Zuckerberg lobbies Josh Frydenberg over plan to force Facebook and Google to pay for news content

Treasurer says Facebook founder had not managed to convince federal government to back down Facebook’s founder Mark Zuckerberg has lobbied senior federal ministers about the proposed code forcing the digital giants to pay media companies, and the prime minister has engaged with Microsoft amid threats from Google about removing its search engine from Australia. With …

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Mighty Amazon looks all but unassailable as Covid continues

Jeff Bezos’s company is set for sales topping $100bn last quarter, and while rivals are nibbling, its position looks secure The earliest references to the “one-stop shop” emerged during the first decades of 20th century as the fast-growing US economy spurred rapid retail innovation. A single location for various products provides obvious benefits: removing the …

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Facebook ‘still making money from anti-vax sites’

Social network allowing dangerous Covid theories to be shared, says Bureau of Investigative Journalism Coronavirus – latest updates See all our coronavirus coverage Facebook is allowing users to profit from the spread of potentially dangerous false theories and misinformation about the pandemic and vaccines, including deploying money-raising tools on pages with content flagged up by …

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Forget the furore over Trump – Facebook is interested only in maintaining its monopoly | John Naughton

The social network’s ‘supreme court’ of 40 assorted academics, politicians and journalists to oversee the site’s content is little more than a PR exercise The day after the insurrection at the US Capitol on 6 January, Facebook suspended Donald Trump’s account indefinitely. Two things about this decision are interesting. The first is that, as Will …

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GameStop shares surge again as Robinhood restores trading

App helping to fuel share-buying frenzy allows ‘limited buys’ after a $1bn cash injection to safeguard trades Shares in companies including videogame retailer GameStop soared again on Friday, as an army of small investors taking aim at Wall Street regained access to amateur share trading platform Robinhood. The app, weaponised by activist small investors to …

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WallStreetBets’ founder on GameStop: ‘I didn’t think it would go this far’

The Reddit forum is at the center of a war between Wall Street and an army of small investors over the store – and Jaime Rogozinski is still getting to grips with it Jaime Rogozinski always knew WallStreetBets, the Reddit forum he founded, was part of something big – but even he wasn’t prepared for …

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Facebook is banning leftwing users like me – and it’s going largely unnoticed | Akin Olla

Facebook placed a number of leftwing organizers on a restricted list during Biden’s inauguration. It’s part of a much bigger problem In response to the fascist riot at the US Capitol, Facebook engaged in a flurry of dangerous and misguided corporate authoritarianism. I, along with a number of other leftwing organizers, was deemed a threat …

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