BOSTON — One Twitter wag joked about lights flickering on and off at the White House being Donald Trump signalling to his followers in Morse code after Twitter and Facebook squelched the president for inciting rebellion.
Though deprived of his big online megaphones, Trump does have alternative options of much smaller reach. The far right-friendly Parler may be the leading candidate, though Google and Apple have both removed it from their app stores and Amazon decided to boot it off its web hosting service. That could knock it offline for a week, Parler’s CEO said.
Trump may launch his own platform. But that won’t happen overnight, and free speech experts anticipate growing pressure on all social media platforms to curb incendiary speech as Americans take stock of Wednesday’s violent takeover of the U.S. Capitol by a Trump-incited mob.
Twitter ended Trump’s nearly 12-year run on Friday. In shuttering his account it cited a tweet to his 89 million followers that he planned to skip President-elect Joe Biden’s Jan. 20 inauguration that it said gave rioters license to converge on Washington once again.
Facebook and Instagram have suspended Trump at least until Inauguration Day. Twitch and Snapchat also have disabled Trump’s accounts, while Shopify took down online stores affiliated with the president and Reddit removed a Trump subgroup. Twitter also banned Trump loyalists including former national security advisor Michael Flynn in a sweeping purge of accounts promoting the QAnon conspiracy theory and the Capitol insurrection. Some had hundreds of thousands of followers.
In a statement Friday, Trump said: “We have been negotiating with various other sites, and will have a big announcement soon, while we also look at the possibilities of building out our own platform in the near future.”
Experts had predicted Trump might pop up on Parler, a 2-year-old magnet for the far right that claims more than 12 million users and where his sons Eric and Don Jr. are already active. Parler hit headwinds, though, on Friday as Google yanked its smartphone app from its app store for allowing postings that seek “to incite ongoing violence in the U.S.” Apple followed suit on Saturday evening after giving Parler 24 hours to address complaints it was being used to “plan and facilitate yet further illegal and dangerous activities.” Public safety issues will need to be resolved before it is restored, Apple said.
Amazon struck another blow Saturday, informing Parler it would need to look for a new web-hosting service effective midnight Sunday. It reminded Parler in a letter, first reported by Buzzfeed, that it had informed it in the past few weeks of 98 examples of posts “that clearly encourage and incite violence” and said the platform “poses a very real risk to public safety.”
Parler CEO John Matze decried the punishments as “a co-ordinated attack by the tech giants to kill competition in the marketplace. We were too successful too fast,” he said in a Saturday night post, saying it was possible Parler would be unavailable for up to a week “as we rebuild from scratch.”
Earlier, Matze complained of being scapegoated. “Standards not applied to Twitter, Facebook or even Apple themselves, apply to Parler.” He said he “won’t cave to politically motivated companies and those authoritarians who hate free speech.”
Losing access to the app stores of Google and Apple — whose operating systems power hundreds of millions of smartphones — severely limits Parler’s reach, though it will continue to be accessible via web browser. Losing Amazon Web Services will mean Parler needs to scramble to find another web host — in addition to the re-engineering.
Gab is another potential landing spot for Trump. But it, too, has had troubles with internet hosting. Google and Apple both booted it from their app stores in 2017 and it was left internet-homeless for a time the following year due to anti-Semitic posts attributed to the man accused of killing 11 people at a Pittsburgh synagogue. Microsoft also terminated a web-hosting contract.
Online speech experts expect social media companies led by Facebook, Twitter and Google’s YouTube to more vigorously police hate speech and incitement in the wake of the Capitol rebellion, as Western democracies led by Nazism-haunted Germany already do.
David Kaye, a University of California-Irvine law professor and former U.N. special rapporteur on free speech believes the Parlers of the world will also face pressure from the public and law enforcement as will little-known sites where further pre-inauguration disruption is now apparently being organized. They include MeWe, Wimkin, TheDonald.win and Stormfront, according to a report released Saturday by The Alethea Group, which tracks disinformation.
Kaye rejects arguments by U.S. conservatives including the president’s former U.N. ambassador, Nikki Haley, that the Trump ban savaged the First Amendment, which prohibits the government from restricting free expression. “Silencing people, not to mention the President of the US, is what happens in China not our country,” Haley tweeted.
“It’s not like the platforms’ rules are draconian. People don’t get caught in violations unless they do something clearly against the rules,” said Kaye. And not just individual citizens have free speech rights. “The companies have their freedom of speech, too.”
While initially arguing their need to be neutral on speech, Twitter and Facebook gradually yielded to public pressure drawing the line especially when the so-called Plandemic video emerged early in the COVID-19 pandemic urging people not to wear masks, noted civic media professor Ethan Zuckerman of the University of Massachusetts-Amherst.
Zuckerman expects the Trump de-platforming may spur important online shifts. First, there may be an accelerated splintering of the social media world along ideological lines.
“Trump will pull a lot of audience wherever he goes,” he said. That could mean more platforms with smaller, more ideologically isolated audiences.
A splintering could push people towards extremes — or make extremism less infectious, he said. Maybe people looking for a video about welding on YouTube will no longer find themselves being offered an unrelated QAnon video. Alternative media systems that are less top-down managed and more self-governing could also emerge.
Zuckerman also expects major debate about online speech regulation, including in Congress.
“I suspect you will see efforts from the right arguing that there shouldn’t be regulations on acceptable speech,” he said. “I think you will see arguments from the democratic side that speech is a public health issue.”
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Associated Press writers Barbara Ortutay in Oakland, California, and Amanda Seitz in Chicago contributed to this report.
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
