Tag: social media platform

Elon Musk should focus on Tesla as EV rivals pounce, Investors say
Technology

Elon Musk should focus on Tesla as EV rivals pounce, Investors say

[ad_1] Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years just as Elon Musk appears distracted by his high-profile ventures, from social media and space travel to artificial intelligence.So say respondents to the latest Markets Live Pulse survey. Out of 630 global MLIV Pulse contributors, 54% flagged the heightened risk of industry competition while 26% picked the behavior and decisions of its mercurial chief as a key concern for Tesla shareholders. “Musk is just such an unpredictable person, that I would count it among one of the top risks for Tesla,” Matthew Tuttle, chief executive officer of Tuttle Capital Management, said in an interview. As Tesla's profit margins shrink, some 67% of survey participants said...
Seattle schools sue tech giants over social media harm
Technology

Seattle schools sue tech giants over social media harm

[ad_1] The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat. The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental health crisis among youth.Seattle Public Schools filed the lawsuit Friday in U.S. District Court. The 91-page complaint says the social media companies have created a public nuisance by targeting their products to children. It blames them for worsening mental health and behavioral disorders including anxiety, depression, disordered eating and cyberbullying; making it more difficult to educate students; and forcing schools to take steps such as ...