Posts on X carrying any misinformation that is corrected by the platform’s crowd-sourced fact-checking system will now be “ineligible for revenue share”, the social media company’s owner Elon Musk has said. “Any posts that are corrected by Community Notes become ineligible for revenue share,” the multibillionaire posted on X on Sunday. Mr Musk said the change aims to “maximise the incentive for accuracy over sensationalism”. The Tesla titan also noted that any attempts to “weaponise Community Notes to demonetise people will be immediately obvious, because all code and data is open source.” Some users were quick to criticise the change, observing that the feature is used not just to correct misinformation, but also to add essential context even if there is nothing wrong with the initial post. The Community Notes feature was first launched by Twitter co-founder and former chief Jack Dorsey in 2021 as a way to debunk misleading tweets. Currently, eligible users on the social media platform can sign up to contribute to Community Notes, which involves sharing a short note of context for any post, including correcting an error or providing essential information that has been omitted. An account can sign up for Community Notes, according to X, if the user has not recently violated the platform’s rules and has been on the platform for at least 6 months. Other users who view the note can then rate the helpfulness of notes with the note garnering the largest consensus surfacing to the top. Then earlier this year, Twitter/X started paying creators on the platform for the first time via a revenue-sharing program that provided them compensation for the ads appearing in their reply threads. But the social media platform has come under increasing scrutiny for its handling of misinformation since Mr Musk bought Twitter for $44bn last year and cut nearly two-thirds of the company’s workforce. The platform’s handling of misinformation has particularly been on focus following the conflict in Israel and Gaza. The European Union also raised concerns that amid the conflict Twitter was not quick to take down problematic content even when it had been flagged by relevant authorities. EU commissioner Thierry Breton noted that Twitter was hosting “fake and manipulated images and facts ... such as repurposed old images of unrelated armed conflicts or military footage that actually originated from video games”. The EU has also opened an investigation into X on the issue, while the company maintained that it has removed hundreds of Hamas-linked accounts in response to the concerns. Read More Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline Tesla’s profits dip as Elon Musk goes on rant against staff working from home ‘He brought so much joy’: Heartbroken Friends stars among those paying tribute to Matthew Perry Twitter adds video calling – and lets strangers ring you Elon Musk was ‘almost in tears’ on Tesla earnings call, analyst claims Slack to retire its status account on Elon Musk’s X

TL;DR: As of June 9, get a refurbished iPad Pro 9.7" for just $269.99 —

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SAN FRANCISCO & ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--Sep 6, 2023--

Taiwan's chip giant TSMC said Thursday it did not expect any direct effect on production from China's latest export controls on two rare...

The US Supreme Court has struck down President Joe Biden’s plan to cancel student loan debts for millions of Americans, reversing his campaign-trail promise as borrowers prepare to resume payments this summer. Chief Justice John Roberts delivered the 6-3 decision from the court’s conservative majority. The ruling, which stems from a pair of cases challenging the Biden administration and the US Department of Education, argues that the president does not have authority to implement sweeping relief, and that Congress never authorised the administration to do so. Within 30 minutes on the last day of its term, the court upended protections for LGBT+ people and blocked the president from a long-held promise to cancel student loan balances amid a ballooning debt crisis impacting millions of Americans. Under the plan unveiled last year, millions of people who took out federally backed student loans would be eligible for up to $20,000 in relief. Borrowers earning up to $125,000, or $250,000 for married couples, would be eligible for up to $10,000 of their federal student loans to be wiped out. Those borrowers would be eligible to receive up to $20,000 in relief if they received Pell grants. Roughly 43 million federal student loan borrowers would be eligible for that relief, including 20 million people who stand to have their debts canceled completely, according to the White House. Roughly 16 million already submitted their applications and received approval for debt cancellation last year, according to the Biden administration. The long-anticipated plan for debt cancellation was met almost immediately with litigation threats from conservative legal groups and Republican officials, arguing that the executive branch does not have authority to broadly cancel such debt. Six GOP-led states sued the Biden administration to stop the plan altogether, and a federal appeals court temporarily blocked any such relief as the legal challenges played out. Since March 2020, with congressional passage of the Cares Act, monthly payments on student loan debt have been frozen with interest rates set at zero per cent. That Covid-19-pandemic era moratorium, first enacted under Donald Trump and extended several times, was paused a final time late last year – until the Education Department is allowed to cancel debts under the Biden plan, or until the litigation is resolved, but no later than 30 June. Payments would then resume 60 days later. The amount of debt taken out to support student loans for higher education costs has surged within the last decade, alongside growing tuition costs, increased private university enrollment, stagnant wages and GOP-led governments stripping investments in higher education and aid, putting the burden of college costs largely on students and their families. The crisis has exploded to a total balance of nearly $2 trillion, mostly wrapped up in federal loans. Millions of Americans also continue to tackle accrued interest without being able to chip away at their principal balances, even years after graduating, or have been forced to leave their colleges or universities without obtaining a degree at all while still facing loan repayments. Borrowers also have been trapped by predatory lending schemes with for-profit institutions and sky-high interest rates that have made it impossible for many borrowers to make any progress toward paying off their debt, with interest adding to balances that exceed the original loan. One analysis from the Education Department found that nearly 90 per cent of student loan relief would support people earning less than $75,000 per year. The median income of households with student loan balances is $76,400, while 7 per cent of borrowers are below the poverty line. That debt burden also falls disproportionately on Black borrowers and women. Black college graduates have an average of $52,000 in student loan debt and owe an average of $25,000 more than white graduates, according to the Education Data Initiative. Four years after graduating, Black student loan borrowers owe an average of 188 per cent more than white graduates. Women borrowers hold roughly two-thirds of all student loan debt, according to the American Association of University Women. Mr Biden’s announcement fulfilled a campaign-trail pledge to wipe out $10,000 in student loan debt per borrower if elected, though debt relief advocates and progressive lawmakers have urged him to cancel all debts and reject means-testing barriers in broad relief measures. In November 2020, the president called on Congress to “immediately” provide some relief for millions of borrowers saddled by growing debt. “[Student debt is] holding people up,” he said at the time. “They’re in real trouble. They’re having to make choices between paying their student loan and paying the rent.” This is a developing story Read More Supreme Court allows Colorado designer to deny LGBT+ customers in ruling on last day of Pride Month Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’ Justice Ketanji Brown Jackson delivers searing civil rights lesson in dissent to affirmative action ruling

BELLEVUE, Wash.--(BUSINESS WIRE)--Aug 21, 2023--

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