Hashtag Trending May 27 – Twitter Shareholders Sue Elon Musk; Amazon rejects worker wellbeing proposals; and FTC fines Twitter

Twitter shareholders are suing Elon Musk, Amazon shareholders are opposing resolutions targeting workers’ well-being, and the FTC fines Twitter $150 million for misusing user data.

That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Friday May 27th and I’m your host, Tom Li.

Twitter shareholders have filed a lawsuit against Elon Musk alleging that Tesla’s CEO is playing around with his stock prices. Musk’s deal to buy Twitter remains in limbo as he awaits proof less than 5 percent of its users are bots. However, Twitter shareholders believe Musk is trying to drive down Twitter stock prices with negative statements to create leverage for a cheaper renegotiation. The lawsuit alleged that Musk’s actions were illegal and violated the terms of the contract to which he had agreed. While the deal doesn’t appear to be moving forward, it doesn’t appear to be pulling back either. Musk still hasn’t announced that he’s stepping back from buying the platform.

Source: The edge

Amazon shareholders rejected 15 resolutions proposed by investors that aimed to overhaul the company’s environmental and labor policies. In a vote on Wednesday, shareholders rejected all proposals, including those targeting the workers’ welfare report and a review of the company’s use of plastics. Amazon’s board of directors had recommended that shareholders vote against the resolutions, believing the company is already addressing these issues. Amazon did not disclose the result of the vote and the percentage by which the proposals were rejected.

Source: The guard

The Federal Trade Commission has fined Twitter $150 million for misusing consumer information. Between 2013 and 2019, Twitter began asking users for their email and phone numbers, ostensibly to secure their accounts. But according to the FTC, the company did not inform users that it would also use this information to deliver targeted advertising. The FTC estimates that more than 140 million users have given their information to Twitter for security purposes. In addition to the fine, the FTC barred Twitter from using phone numbers and email addresses it illegally collected to serve advertisements. This case also serves to enforce the regulatory authority FTC.

Source: FTC

Raven Software, a subsidiary of Activision Blizzard, voted for a union. The workers, many of whom are quality controllers, united under the banner of the Game Workers Alliance and demanded better working conditions. They reportedly had to work 12 to 14 hours in the last few months after a game’s release and often struggled with contract reapplications. In response to the move, Microsoft has confirmed it will recognize the union after acquiring Activision Blizzard.

Source: Jacobin Mag, gamer rant

That’s all the tech news that’s trending right now. Hashtag Trending is part of the ITWC Podcast Network. Add us to your Alexa Flash briefings or your daily Google Home briefing. Sign up for our Daily IT Wire newsletter to get all the important news straight to your inbox each day. Also check out the next episode of Hashtag Tendances, our weekly hashtag trending episode in French that comes out every Thursday morning. If you have a suggestion or tip, drop us a line in the comments or via email. Thanks for listening, I’m Tom Li.

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