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News on Medial
A Graphic Hamas Video Donald Trump Jr. Shared on X Is Actually Real, Research Confirms
Wired
·
1y ago
Medial
The WIRED article discusses the failures of X's user-generated fact-checking system called Community Notes. The system was intended to combat disinformation on the platform, but it has been found to be flawed. This is highlighted by a recent incident involving Donald Trump Jr. sharing a video on X that purported to show Hamas fighters murdering Israeli citizens. Community Notes appended a message stating that the video was old and not from Israel, but independent analysis has verified that the video is real and was recorded during the attack. This demonstrates how Community Notes is struggling to function as intended and may contribute to the spread of disinformation rather than correcting it.
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Donald Trump returns to X in victory for Elon Musk
Economic Times
·
11m ago
Medial
Donald Trump has returned to the social media platform X after a year of silence. Trump posted a campaign video before a scheduled interview with X owner Elon Musk. His return could boost the struggling platform, which has faced competition from new social media platforms. Trump used X extensively during his presidency and was banned in 2021 after his followers stormed the Capitol. Musk, who acquired X in 2022, reinstated Trump's account and encouraged his return. Trump has since launched his own platform Truth Social but is contractually obligated to post there first.
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Is Trump unveiling a crypto wallet? His associates say yes. His sons say no.
Economic Times
·
1m ago
Medial
A flashy new website claimed to announce a cryptocurrency venture backed by President Donald Trump, featuring the "Official $TRUMP Wallet." However, Trump's sons quickly distanced themselves from the project, with Donald Trump Jr. stating there was no family connection. A rift within the Trump crypto ventures surfaced, involving Bill Zanker, a Trump business partner, and World Liberty Financial, a separate crypto business founded by Trump's sons, highlighting the complex web of competing interests in Trump's crypto endeavors.
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Taylor Swift addresses a fake image of her shared by Trump: 'It really conjured up my fears around AI'
Business Insider
·
10m ago
Medial
Taylor Swift recently revealed that her endorsement of Kamala Harris was influenced by Donald Trump sharing fake images of her endorsing him. Swift expressed concerns about AI and the spreading of misinformation during the election. Trump had shared images on Truth Social, some of which were real, featuring women in "Swifties for Trump" shirts and an AI-generated image of Swift with the caption, "Taylor wants you to vote for Donald Trump." Swift's endorsement of Harris came after the vice presidential debate. The use of AI in elections has raised concerns about the blurring of fact and fiction.
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Is Trump Mobile first family's latest effort to cash in on the White House? What you need to know
Economic Times
·
1m ago
Medial
The Trump Organization, managed by Donald Trump Jr. and Eric Trump, has launched a new venture, Trump Mobile, a virtual mobile phone service. The service, branded with Trump's image, offers a "47 Plan" to commemorate Trump as the 47th president. Operated under a licensing deal, Trump Mobile doesn't involve the Trump Organization directly in production. Critics express concern over potential conflicts of interest, with the business leveraging Trump's political persona for profit.
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Trump phone preorder chaos: Users report website fails and incorrect charges after attempting to buy
Economic Times
·
1m ago
Medial
Donald Trump’s new telecom venture, Trump Mobile, faced backlash during its patriotic launch of the gold-etched T1 smartphone. Buyers experienced website crashes, incorrect charges, and unclear order processes. Journalist Joseph Cox reported difficulties preordering the T1, including errors and lack of confirmation despite missing shipping details and payments. Donald Trump Jr. promised high quality and service, positioning the initiative as an "America First" movement, but early technical problems marred the experience.
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Trump Fraud Ruling Threatens to Handcuff Family Business Operations
Livemint
·
1y ago
Medial
A New York judge has ruled that former President Donald Trump and his sons Eric Trump and Donald Trump Jr. committed civil-fraud offenses in a scheme to inflate Trump's wealth. The judge ordered a $355 million penalty and imposed nonmonetary punishments, including a ban on Trump serving as an executive of the Trump Organization or any other New York company for three years. The organization is also barred from applying for loans from New York financial institutions for three years. These restrictions are expected to significantly impact Trump's business and force the company to seek financing elsewhere.
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Donald Trump transfers nearly $4 billion worth of his Trump Media shares to revocable trust | Company Business News
Livemint
·
6m ago
Medial
US President-elect Donald Trump has transferred his stake in Trump Media & Technology, worth over $4 billion, to a revocable trust that he is the sole beneficiary of. The transfer includes 53% of the company's outstanding stock and was made as a "bona fide gift" to the Donald J. Trump Revocable Trust. The trust is managed by Trump's son, Donald Trump Jr., who has full control over the securities held by the trust. The reason behind the transfer is unclear. Trump Media is the parent company of Truth Social, a social networking site created by Trump following his ban from Twitter and Facebook. The company's shares have been volatile since it was listed on NASDAQ in 2024 and are currently valued at $34.71, with a market capitalization of around $7.7 billion.
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Trump-Backed American Bitcoin Adds $23 Million in BTC, Plans Nasdaq Listing After Gryphon Merger | DeepNewz VC
deepnewz
·
1m ago
Medial
American Bitcoin Corp, backed by Eric and Donald Trump Jr., has acquired 215 BTC, valued at over $23 million, since its launch on April 1. The company is merging with Gryphon Digital Mining and plans to go public under the ticker $ABTC by the third quarter of 2025.
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X promises 'highest level' response on posts about Israel-Hamas war. Misinformation still flourishes
Economic Times
·
1y ago
Medial
X (formerly Twitter) is addressing the flood of posts sharing graphic media, violent speech, and hateful conduct about the Israel-Hamas war. X is treating this as a crisis and allowing users to rate misinformation posts, adding contextual notes but not removing them. The challenge of identifying reliable sources is exacerbated by Elon Musk's promotion of dubious accounts. Experts argue that Musk's changes to the platform, including the reduction in staff responsible for content moderation, have made it harder to combat disinformation during this crisis. X is now working to address the issue and monitor antisemitic speech.
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Eric Trump-backed American Bitcoin to go public through all-stock merger
Economic Times
·
2m ago
Medial
American Bitcoin, backed by Eric and Donald Trump Jr., plans to list on Nasdaq via a merger with Gryphon Digital Mining. The deal allows current shareholders, including the Trump brothers and Hut 8, to retain 98% ownership. The Trump family is actively pursuing crypto ventures, facing ethical criticisms. Gryphon and Hut 8 shares surged following the announcement. American Bitcoin aims to be a leading Bitcoin accumulation platform, promoting US crypto leadership with a lighter regulatory approach.
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