[ad_1]
To receive Eyes on US each week in your inbox, sign up here.
french Economic Alternatives holds no punches in comparing Musk to Donald Trump, saying that like the twice-impeached former president, Musk uses Twitter to shock, provoke, and even manipulate markets and public opinion.
On Tuesday, Dubai-based Al Arabiya quotes one of Musks irreverent Tweets warning (or threatening) that the company will do lots of dumb things. Al Arabiya declares: He could not have made a clearer statement.
International observers note that the spate of firings at Twitter may come back to haunt the company. Musk, who has laid off roughly half the companys workers, has, by all accounts, decimated the teams responsible for content moderation.
In the US, this might be causing problems with advertisers, but in Europe, its potentially a problem with governments which imposes much stricter regulations on hate speech, and requirements that companies remove it. Italys Il Fatto Quotidiano and Frances The world contextualize Musks purchase of Twitter as a peculiarly American battle about the limits of free speech.
Another French daily, The crossalso expressed his worries about “the shadow side” of Twitter
Elon would like to present himself as the grand moderator of the most political content on social media in the name of free speech, Il Fattos Luca Ciarrocca writes. The risk though is that it wont be necessary because if he continues like this all the users could wind up leaving.
As the FT reportsthis puts Twitter on a collision course with Brussels, which has the ability to fine the company up to 6% of its global revenue under the Digital Services Act.
The upheavals at Twitter are partially responsible for the precipitous decline in the stock price of another Musk company Tesla. Investors in the electric vehicle manufacturer are concerned that Musk might have to unload significant numbers of Tesla shares in order to cover the debt incurred in the acquisition of Twitter, leading the stock price lower.
But falling tech stocks are more than an Elon Musk story. Where the world used to look at Silicon Valley in awe, publications are striking a different tone these days. french Le Figaro writes: Theres something broken in the kingdom of American tech.
That something increasingly now includes employee headcounts.
It seems that Silicon Valley is cracking right now.
From Facebooks parent company Meta (11,000 jobs cut) to Amazon (10,000) to Twitter (3,700), US tech companies are trimming their employees by the thousands. Thats a lot of newly unemployed programmers But the one company thats not laying anyone off en masse? Dutch payments darling Adyen, boxes Business Insider Netherlands even though its main competitor Stripe is cutting 14% of its workforce.
German weekly Die Zeit sees a deja vu: The wave of layoffs brings back uncomfortable memories of 2000, when the dot-com bubble burst. At that time, the prices of the Internet companies, that were so new at the time, increased highly before crashing violently, the German weekly writes. It seems that Silicon Valley is cracking right now. Google was hit by collateral damage after the cryptocurrency crisis. And crypto itself is also struggling to survive.
Not all are ready to count out the American tech giants so quickly. Georges Nahon, writing in French business daily The echoesnotes how many fields are now opening up to the latest breakthroughs in artificial intelligence and the blockchain-backed web3.
In Silicon Valley the next cycle has already started, driven by Generative AI which is already setting off a new gold rush with the creation of more than 100 start-ups in a very short time, Nahon writes. Any obituary of Silicon Valley has been written prematurely.
UP, FRONT PAGE AND CENTER
The Days Nov. 16 front page
mexico city daily The Day was one of many international newspapers to feature former US President Donald Trump on its front page Wednesday, following the announcement that Trump would be a candidate for the White House in 2024.
In an article titled Trump: The Monsters Back, French-language Canadian daily The Montreal Journal compares Trumps comeback plans to a zombie movie, writing: The Big Orange was stabbed in the heart when he lost the House of Representatives back in 2018. He was gunned down when he lost the presidential election on Nov. 3, 2020. Now hes tasted some midterms flamethrower. And still, who crawled out from his grave last Tuesday?
GOTT BLESS AMERICA
That was one of the greatest football experiences I’ve ever had. Thats how Tampa Bay Buccaneers superstar quarterback Tom Brady described the NFL game between his team and the Seattle Seahawks, which was for the first time taking place on German soil. The game, which the Buccaneers won 21:16, saw 69,811 fans gather in Munich’s Allianz Arena (more used to the other kind of football, ie soccer).
Berlin-based daily Die Welt reported that US players and commentators alike were impressed with the German crowds energy and singing including a rendition of Sweet Caroline.
It was also a streaming hit, with 5.8 million viewers on TV and online, the highest ratings for an NFL game played abroad to date. As German sports website Ran writes: Deutschland ist ein Football-Land!
IN BRIEF
Taylor Swift at MTV Europe Music Awards 2022
There is definitely bad blood between Taylor Swift fans and Ticketmaster, after the ticket giant canceled this weeks general public sale for the US singers upcoming tour because of historically unprecedented demand.
The uproar is felt by Swifties around the world, with many taking to social media to bring the spotlight on Live Nation/Ticketmasters single monopoly position in the US
As for Europe, as Belgian media Mosquito gradesSwift is not expected to tour there before fall 2023, which should leave local ticket providers ample time to avoid a new fiasco.
|
Sources 2/ https://worldcrunch.com/tag/international-news The mention sources can contact us to remove/changing this article |
[ad_2]