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Elon Musk and Jack Dorsey Criticize Meta's Threads

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Elon Musk Criticizes Threads and Its CEO The debate began when Alex Valaitis, a Twitter user, highlighted the potential dangers of a world where Zuckerberg controls all social media. Responding to Valaitis, Musk expressed his views on social media monopolies, stating, “Any social media monopoly is despair.” advertisement The discussion gained further momentum when another user, Enrique, complained about the absence of a following tab on Threads and expressed their decision to uninstall the app. Twitter Co-Founder Jack Dorsey responded to Enrique’s comment- “Not surprising they’ve never given people the choice to remove the algorithm. Look at Instagram.” A closed source, algorithm-only system means that manipulation of what information people see is essentially undetectable. – Elon Musk Recommended Articles Crypto Presale ...

Meta Announces $40 Billion Stock Buyback Leading to 20% Increase in Value

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The Mark Zuckerberg-helmed Facebook-parent company, Meta, has executed a $40 billion stock buyback that has equated to a 20% increase in value. The news comes just a day after the earnings report showed billions in losses from the company’s Metaverse division. Within that same earnings report, CNBC uncovered that Meta has executed a “share repurchase authorization by $40 billion.” Moreover, the statement notes that, in 2022, the company bought back nearly $28 billion in stock. Facebook parent co Meta stock value jumps by over 20% after announcing $40 billion stock buyback. Wild that this is legal pic.twitter.com/kCYT4UCCjQ — Ken Klippenstein (@kenklippenstein) February 2, 2023 Meta Buys Back Stock, Increases Value Facebook, and its creator, Mark Zuckerberg, have long been a reliable and respected name in the tech industry. Yet, with the rise in competitors, and the seemingly lightspeed progression of various technological endeavors, the past year h...