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IT and Media news week 44

The Week That Was. IT and Media news week 44

Big advertisers put their Twitter advertising on hold waiting to see what Tesla CEO Elon Musk’s takeover of the social media company will mean. His statements about being “a free speech absolutist” has made advertisers fear that Twitter could become a venue for right-wing aggressiveness despite Musk’s later statements that so far nothing of Twitter’s moderation has been changed.  One of the first big advertisers taking a step back was Tesla-competitor General Motors. Musk said the company is losing money and was reported to have informed around 50% of the staff that they are being laid off. Most of Musk’s plans for Twitter are still unknown. He alone is now in control of one of the top sources for news on social media.

In nearly 80% of the 263 cases of journalists murdered in retaliation for their work globally over the past decade, the perpetrators have not been punishment, according to the Committee to Protect Journalist’s 2022 Global Impunity Index. The index shows that Somalia remains the worst offender on the index for the eighth straight year. Syria, South Sudan, Afghanistan, and Iraq, respectively, round out the top five countries on the index, CPJ says. 

The EU’s Digital Markets Act is in force from November and by May 2, it should be implemented in all EU countries. The DMA is meant to regulate big tech’s role in the online economy, limit their dominance and increase competition. The DMA defines when a large online platform qualifies as a “gatekeeper”.  Companies operating one or more of the so-called “core platform services” are seen as gatekeepers. 

Cyberattacks are proliferating, causing trillions of dollars of damage every year. The cybersecurity industry has a chance to step up and seize the opportunity. There is a USD 2 trillion market opportunity for cybersecurity technology and service providers, consultancy McKinsey said. “Damage from cyberattacks will amount to about USD 10.5 trillion annually by 2025—a 300% increase from 2015 levels.”




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