10 Things in Tech: Social Media Takes Action

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Welcome to the start of another week. Today we continue our coverage of social media companies’ responses to the Russian invasion of Ukraine.

Let’s start.


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Facebook CEO Mark Zuckerberg testifies before the US House Financial Services Committee during a hearing on Facebook's review and its impact on the financial services and housing sectors on Capitol Hill in Washington DC, in the United States, on October 23, 2019.


Photo by Liu Jie/Xinhua via Getty


1. Tech giants face increasing pressure on Ukraine. Social media companies have long held their position as neutral parties, espousing freedom of expression. But as the conflict in Ukraine escalates, many are feeling the pressure to take a tougher stance against Russia. Here is the last one:

  • Scoop: OnlyFans is back up and running in Russia and Belarus after creators were temporarily cut off from payments. A spokesperson told Insider that the company is now working with processors such as Paxum and Cosmo so Russian creators can continue to earn and access their money.
  • Meta has created a task force that will remove hate speech or content that incites violence, and label posts from state-controlled media and those that fact-checkers have found to be false. He also said he would ban Russian state media from running ads or monetizing on his platform.
  • Russia quickly hit back, saying it would partially restrict access to Facebook, accusing it of censorship and human rights abuses.
  • Following Meta’s lead, YouTube said it would ban state-funded media channels from generating revenue. Hours later, Google announced it would also pause the monetization of Russian state-funded media across all of its platforms.
  • Ukrainian Digital Minister Mikhail Fedorov wrote to Apple CEO Tim Cook on Friday asking him to remove all Apple services from Russia, including the App Store. So far, Cook’s only public statement on Ukraine has been to say he is “deeply concerned” about the situation.

Learn more here.


In other news:

SpaceX founder Elon Musk speaks to members of the media during a press conference announcing new developments for the reusable Crew Dragon spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019.


PHILIP PACHECO/AFP via Getty Images


2. Elon Musk suggests SpaceX could prevent the ISS from crashing into Earth. In a tweet, Russia’s space chief said US sanctions could have serious consequences for the ISS, asking who would prevent it from crashing in the US or Europe – to which Musk replied with a photo of the SpaceX logo.

3. Amazon plans to sell digital ad space in its physical stores. Internal documents show that with its brick-and-mortar stores under pressure to become more financially self-sufficient, Amazon is considering targeted ad placements on Dash Carts and other in-store screens. Find out more in our exclusive report.

4. A man is suing Amazon for $100 million. The man alleges an accident with a delivery driver resulted in his leg being amputated – and argues Amazon is at fault for putting too much pressure on delivery drivers. Here’s what we know about the suit.

5. Things are looking bleak for Robinhood. The investing app has gotten rich by turning stock trading into a game. But in a year, its own stock has plunged 80% – and it will have to start copying its old-school rivals if it wants to succeed . What’s next for Robinhood.

6. Elon Musk’s recent attempt to take the SEC to court failed. The CEO filed a letter last week accusing the agency of “endless and baseless investigations” into Tesla, but a federal judge denied his request to take the agency to court. Here is what happened.

7. Don’t quit your day job – create TikToks about it. Videos of people’s working lives have become hugely popular on social media, from TikTok posts to YouTube videos. We spoke with influencers who are building careers filming at work about how they made it a lucrative business.

8. A Japanese game studio is giving its employees two days off to play Elden Ring. Employees were given a day off Friday and today to play “Game of Thrones” author George RR Martin’s highly anticipated video game. Why the game deserves its own “Elden vacation”.


Tips:

Ford Mustang Mach-E 2021.


Tim Levin / Insider


9. Owners of electric vehicles still pay more per mile of range than owners of gasoline cars. New analysis reveals that electric vehicles still lag behind gas-powered cars in retail cost per mile of range, and it could be years before that changes. Read the full comparison.

10. Apple may be working on a gadget with a 20-inch foldable display. Bloomberg’s Mark Gurman described the device – which is still years away – as an “iPad/MacBook hybrid” in his newsletter. Get the recap here.


What we’re looking at today:

Organized by Jordan Parker Erb in New York. (Comments or advice? [email protected] or tweet @jordanparkererb.) Edited by Shona Ghosh in London.

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