(Bloomberg) -- As a nationwide baby formula shortage sends parents into crisis mode, social media posts containing dangerous misinformation about homemade formula recipes have gone viral online, racking up views in the millions. Although major networks like Facebook, TikTok and YouTube have taken steps to label photos, videos and posts with contextual information pointing to the harms of such recipes, and in some cases removed them, they have done so inconsistently, allowing the advice to contin
Shares of social media company Twitter (NYSE: TWTR) pulled back this week, despite a pending offer from Tesla (NASDAQ: TSLA) CEO Elon Musk to buy the company. The stock's decline is likely due to a combination of bearishness in the overall market and comments from Musk on Twitter suggesting he may have some doubts about the deal. Capturing how the overall market is taking a beating recently, the S&P 500 fell a total of 3% during the week and the tech-heavy Nasdaq Composite declined 3.8%.
At a Twitter staff retreat in early 2020, Jack Dorsey, the company’s co-founder and then chief executive, invited a star guest to speak to his employees: Elon Musk. The Tesla chief executive complained to the audience via video about the proliferation of spam bots on the platform — the same issue that he is now wielding to stall his $44bn offer for the social media company. Beyond Musk’s continued obsession with the fake accounts, the appearance was also testimony to the close relationship between Dorsey and Musk, a billionaire “bromance” that has already dramatically shaken up the future of Twitter.