Discovery Inc. isn’t expecting WarnerMedia’s profits to recover to their pre-Covid level until 2028, Discovery revealed in a securities filing late last week. That is a noticeably less optimistic outlook than what AT&T expects, the same filing shows. WarnerMedia’s earnings before interest, taxes, depreciation and amortization, and excluding stock compensation for employees, fell 22% in...
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Twitter Used to Make Us Smarter
A handful of months into Twitter’s new management and it’s clear an era has ended. For the site’s power users, which include academics, journalists and lawmakers, the sudden changes in the social network’s policies, practices and culture have destroyed years of careful network building. What that will cost us in the future in terms of relationships never forged and...
OpenAI Temporarily Shuts Down ChatGPT After Privacy Bug Leaks Users’ Chat Histories
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
FTX Sues Liquidators of Bahamas Unit
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.