The Week in Internet News: Cook Blasts Social Media Algorithms
Disinformation bots: Apple CEO Tim Cook raised concerns about social media algorithms promoting disinformation during a speech at an international privacy conference, ZDNet reports. “At a moment of rampant disinformation and conspiracy theories juiced by algorithms, we can no longer turn a blind eye to a theory of technology that says all engagement is good engagement – the longer the better – and all with the goal of collecting as much data as possible,” he said.
Gaming the stock market: In a rebellion against large Wall Street short sellers, a group of individual investors centered around a Reddit forum have been driving up the price of GameStop stock, even as the company faces questions about its long-term viability. One founder of the Reddit community called the effort “a train wreck happening in real time,” CNet reports. GameStop’s stock has shot up by more than 2700 percent since the beginning of the year, even as the bricks-and-mortar game software vendor is facing business challenges.
The power of Big Tech: The head of Saudi Arabia’s sovereign wealth fund is raising concerns about the huge influence of large tech firms, Arabian Business says. The fund is worried about “how some of these technology Continue reading
