This week, Twitter got hacked, compromising verified user accounts. Leo says it's a big deal, and a little weird, because the Tweets started with BitCoin accounts and spreading out to other verified users. It was all wrapped around "giving back" bitcoin to communities, buy offering a two for one deal on sending bitcoin. A complete hoax. But then, other verified users started to tweet it, including Joe Biden, Bill Gates, Apple, and Elon Musk, clearly indicating that Twitter had been hacked.
Twitter announced this week that their employees can work from home and don't ever have to come back to the office. Leo says that this could be a new emerging trend, where companies allow ther employees to telecommute. The result could also be that people will be able to live where they can afford, rather than living in expensive areas. But it may also mean that companies will pay their employees less if they live in cheaper areas. But companies are also battling for the best talent, by offering amenities. Working from home will be part of that.
Johnny Jet joins us to talk about the earthquakes that have struck the last few days. Though it was about 100 miles away, everyone could definitely feel it.m Here are a few tips and a plan in case of an earthquake, especially if travelling.
1. Have your phone at the ready with websites bookmarked including Tsunami.gov. You'll get a warning within minutes when you sign up.
2. Follow @NewEarthquake on Twitter
When political figures make questionable or controversial quotes that may violate Twitter's Terms of Service, the social media company will put them behind a "grey wall" with the note that the post violated their abuse rules. Leaving the reader the option to read it or not. Leo says it'll be interesting to see how this will be received or if it will just add to the problem.
Leo says that when it first began, Twitter called itself the "free speech wing" of the free speech party. But after recent bans of Alex Jones, Leo ponders what happened. The bottom line is, if you are for the first amendment, you have to be for unpopular speech as well. But make no mistake, Twitter is a private company, and it can ban anyone for any reason.
Twitter purged over a million bots and fake accounts, and Wall Street reacted by a 20% loss in Twitter's stock value. The reason? The Social Media giant is contracting, not growing. Or, in reality, the perception of Twitter's actual active users is far less than Wall Street likes and as such, many investors sold their stock.
Twitter banned a ton of fake accounts this quarter, and as a result, not only lost 1 million active users, but also saw their stock take a dump. Even though they made $20 million in the process. But Wall Street says that Twitter isn't growing, and as a result, the value declined. Even Facebook took a hit this week, in the single largest stock loss in Wall Street trading history. $120 Billion in lost value. Mark Zuckerberg lost over half his personal wealth. But Leo says he'll likely bounce back over time.
Twitter sent an email to its 330 million users recommending that they change their passwords. This is because of an error that caused user passwords to be stored unencrypted and in plain text. While this was a big flaw, Twitter is being praised for disclosing the information immediately so users can take action to protect their accounts.
Mike is going to China and wants to know how he can use Gmail, Facebook or Twitter. Leo says that it changes all the time depending on the social unrest that's going on. There is a Wikipedia page that will show him. One thing he can do is create a Yahoo Mail account, have Gmail fetch it, and then use that. It's a workaround but it can work. He may be able to go to the .CN versions of websites, though.
According to a new study, the more outrageous fake news tweets you see on Twitter, the more likely it will be retweeted, while actual news only gets retweeted about 1/4 of the time. Leo says that this is driving many to give up the social media app altogether. And those who have stayed, Leo says it works as an outrage engine to rage at the machine.