Facebook, Twitter to hand over U.S. institutional handles on January 20, 2020

In a statement, social media giants, Facebook Inc and Twitter Inc said, they will transfer control of the @POTUS account to the Joe Biden administration on January 20, 2020. On both social media platforms, the @POTUS account is the official account of the President of the United States and is separate from the @realDonaldTrump Twitter…

$113 Million To Be Paid By Apple Over Charges Of It Deliberately Slowing Down Older iPhones

In relation to its controversial previous practices of intentionally slowing down older iPhones to extend their battery life, Apple has agreed to pay millions of dollars in damages to to 34 states in the United States. Under the agreement struck by Apple, the iPhone has to pay $113 million for the settlement of an investigation…

Alliance for Automotive Innovation sues to block Massachusetts vehicle data initiative

In a significant development, a group representing Volkswagen AG, General Motors Co, and Toyota Motor Corp and other major carmakers filed a lawsuit to block the state of Massachusetts’ ballot initiative that aims to significantly expand the access to vehicle data. Earlier this month, Massachusetts overwhelmingly approved the initiative to revise the state’s 2013 “Right…

IMF Calls For Action With Global Recovery Losing Steam Amid Covid-19 Surge

The managing director of the International Monetary Fund warned before this week’s virtual Group of 20 (G20) summit that even though vaccine breakthroughs offer hope, the efforts of staging a recovery for the global economy from the hit of the novel coronavirus pandemic seems to be losing steam and “the economic path ahead remains difficult…

Estimate Of Hate Speech On Its Platform Provided By Facebook For The First Time

For every 10,000 content views posted on Facebook in the third quarter about 10 were included in hate speech, said the social media company while disclosing numbers on the prevalence of hate speech on its platform, for the first time in  its history. The estimate was released in its quarterly content moderation report by the…