Q) We saw some short covering in banking space – what were the factors behind the move, and do you think the rally will last?A) The sudden rally in the banking space on Wednesday (May 27) can be attributed to short covering. Foreign Portfolio Investors (FPIs) have been net sellers in Indian equities for the past three months and prior to May 28th expiry, FPIs dived in, which led to the momentum in the banking stocks. … [Read more...] about ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
Number internet users
Then on Tuesday night, Twitter made an unprecedented move to fact-check President Trump. The platform applied a label to one of his tweets that said using mail-in ballots will lead to voter fraud. The little blue note at the bottom of the tweet encouraged readers to “get the facts” on mail-in ballots. The warning label was used as an extension of Twitter’s policy against misleading COVID-19 information, because the mail-in ballots Trump was referring to were being used because of stay-at-home restrictions related to the virus. In an interview explaining the decision, Twitter VP of Communications Brandon Borrman told OneZero’s Will Oremus, “The company needed to do what’s right.” … [Read more...] about As health misinformation and politics collide, social networks face a choice
Trump signed an executive order Thursday that could take away social media companies’ current exemption from civil suits stemming from harmful content posted to the platforms by users. That exemption is part of Section 230 of the Communications Decency Act, which was written back in 1996 by Congressmen Ron Wyden of Oregon and Chris Cox of California and has been called the “internet’s First Amendment.” … [Read more...] about Trump’s new executive order is a ‘mugging of the First Amendment,’ says Sen. Wyden
What could be different about Twitter’s design intervention? Take the flag Twitter used on that Trump ballot tweet: “Get the facts about mail-in ballots.” This is one line of text, six words with an exclamation point icon in front that don’t go so far as to actually say “the above message is demonstrably false.” The message is actually hard to notice because the text is rendered in a substantially smaller font size than the tweet itself. It’s the visual equivalent of Trump shouting at a teleprompter, and an intern in the back of the room whispering, “sir, that message may need a correction.” … [Read more...] about Hush, Trump. Twitter is going easy on you.
TikTok’s rating on the Google Play Store has now moved back up to 4.4 stars from 1.4 the previous week. The social media platform was bombarded by Indian users after a controversial video by popular TikTok creator Faizal Siddiqui was not taken down. Several campaigns calling for a ban on the app were also trending on Twitter. … [Read more...] about TikTok’s rating bounces back after Google removes millions of negative reviews