SAN FRANCISCO--(BUSINESS WIRE)--May 11, 2023--

MILAN Shares in Italy's Nexi failed to start trading at open on Wednesday due to excessive gains fuelled

Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number of changes soon after Mr Musk, the multibillionaire owner of X Corp, bought it. The platform is now “moving to having a small, monthly payment for use of the X system” to combat “vast armies of bots”, Mr Musk said during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu on Monday. However, the Tesla and SpaceX boss did not reveal how much the new plan would cost X users or what additional features subscribers would get. During the interaction with Mr Netanyahu, the Tesla titan said X currently has 550 million “monthly users” who generate 100-200 million posts per day, adding that the new change to include a “small amount of money” would be necessary to deal with the problem posed by bots. It is unclear whether the multibillionaire’s figure of 550 million monthly users includes bots and also doesn’t allow comparison with the metric the company has used to estimate its user base, called the “average monetizable daily active users” or mDAUs. But the Tesla chief said a subscription fee would make it more difficult for bots to create accounts as each bot would need a new credit card to register on the platform. “It’s the only way I can think of to combat vast armies of bots,” Mr Musk said. “Because a bot costs a fraction of a penny – call it a tenth of a penny – but even if it has to pay a few dollars or something, the effective cost of bots is very high,” he explained. The platform has historically struggled to curb the activity of bots, with the company’s former security chief Peiter Zatko telling the US Congress last year that Twitter does not even know how many automated accounts are on the site. Mr Musk even cited bots as a reason to back out of buying the social platform before he went on to complete the deal. He has also previously discussed putting all of Twitter behind a paywall. Now the Tesla boss says the rebranded X plans to introduce a new “lower tier pricing” than the $8 monthly fee it currently charges subscribers of its premium Blue service. The conversation between Mr Musk and the Israeli prime minister also touched on topics like AI regulation as well as hate speech and antisemitism on X. Mr Musk claimed during the discussion that he’s “against antisemitism” and “anything that promotes hate and conflict”. “I’m sort of against attacking any group, you know. Doesn’t matter who it is,” the Tesla chief said. Online safety experts have warned about the social media platform under “free speech absolutist” Mr Musk offering “amnesty” to accounts previously suspended for hate speech and instigating violence. Under the Tesla titan, the platform restored the account of former US president Donald Trump who was banned following the 2021 Capitol riots, as well as the profiles of Republican Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin. Read More The ex factor: the very complex love life of Elon Musk Netanyahu visits Elon Musk in California with plans to talk about artificial intelligence Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering

Hundreds of fake Facebook posts are scaring people into sharing them, fact checkers have warned. Community groups are being filled with hoax posts that are shared across many groups and include scary information, intended to encourage people to share them. They claim that serial killers are on the loose, that deadly snakes are around, or that dogs or children have gone missing. One post claimed that a man was attacking people with a knife in the local area, for instance, claiming that he was preying on “home-alone teens” and demanding money from people. The same text has been circulated in a variety of locations in the UK – and has also been seen in the US and Australia – with police forces across the world having to make clear that it is a hoax. At least some of those posts are then being edited after the fact to change them to include financial offers that target people in the UK, and make exaggerated claims about those companies, according to Full Fact, the fact checking charity that has sounded the alarm on the posts. They then link users out to legitimate companies with the aim of making money through affiliate links that offer money for clicks. Full Fact said that it had identified over 1,200 hoax posts, spread across the UK. But it said there were likely many more. “The sheer scale of these posts is hard to fathom and we are conscious that the 1,200 or so we have identified is likely just the tip of the iceberg,” said Steve Nowottny, Editor at Full Fact. “These posts are all highly emotive and get shared widely because people understandably want to help those in need or warn their neighbours about threats. “But that’s where the risk lies – the hoaxers have clearly identified the massive reach these posts can have and local Facebook groups across the world are now becoming overwhelmed with false information. “Some of these hoaxes appear designed to terrify local communities, and sow needless fear and confusion. As a result, genuine warnings about dangers and genuine posts from people desperately appealing for help, such as those looking for missing loved ones or missing pets, are now at a much higher risk of being ignored. “The impact and scale of these hoaxes and the edited posts they are often replaced by is extremely concerning, which is why we have written to Meta to raise the alarm about this issue. ” Full Fact works with Facebook parent Meta on its third-party fact checking programme. It warned the company that “the risks posed by these posts are pernicious and frequent enough to merit stronger action from Meta in terms of proactively identifying and tackling this growing trend” in April, it said. Full Fact acknowledged that it is difficult to tell when a Facebook post is a hoax, since posts in groups are also often used to send out legitimate and important alerts. But it provided a list of characteristics that tend to indicate that a post might false. Many hoax posts close the comments, for instance, though fact checkers noted that some genuine posts close comments too and that not all fake posts have them on. They also tend to have been copied and pasted, use images from elsewhere, come from pages rather than profiles, use images and language from outside the UK, and include red pins or siren emoji. Full Fact also advised people to check whether posts had been edited, if they were suspected of being hoaxes. Clicking on the three dots in the corner of a post will show its edit history. And it suggested that users search for the text within a post, to check whether it has been shared elsewhere. Many of the scammers will use the same wording, with the location changed, fact checkers noted. Some groups have been forced to share frustrations about how many hoax posts are appearing in their communities. Full Fact pointed to one group formed by dog lovers that had been set up specifically to identify fake posts about lost or injured animals. A Meta spokesperson pointed to the company’s fact checking operations, and said that it was investing in more. It pointed to recently introduced tools including features that let group admins more easily remove posts that might include misinformation. “We’ve built the largest global fact-checking network of any platform, partnering with more than 90 independent fact-checking organisations including Full Fact, to tackle misinformation online,” a Meta spokesperson said. “Fraudulent activity is not allowed on our platforms and we removed the posts Full Fact brought to our attention for violating our Community Standards. “While no enforcement is perfect, we continue to invest in new technologies to stop scams and the people behind them. We also introduced new tools last year to help Facebook Group admins prevent the spread of misinformation and manage interactions in their groups.” Read More Justin Trudeau slams Facebook for blocking news stories about wildfires Elon Musk’s Twitter slows down access to rival websites Twitter turning Tweetdeck into paid service after slowing down access to rivals Mark Zuckerberg says he’s ‘out of town’ as Elon Musk drives to his house to fight Mark Zuckerberg hits out at Elon Musk for wasting time over cage fight Nvidia sales hit record high as AI chip demand soars

Meta could soon launch a web version of Threads, as users grow frustrated with the lack of features on the platform. Threads was launched early in July, and quickly became the fastest growing app ever. It appeared to have been launched early to capitalise on the problems that have engulfed Twitter since Elon Musk bought it and renamed it X, and quickly gathered users as a result. That speed of launch does however appear to have left the app without a variety of basic features. In the weeks since, the company has been rushing to add new ways of using the app that have been missing since its launch. In recent days, for example, Threads has added the option to share threads posts on Instagram DMs, see a list of liked posts, and sort the accounts that are being followed. But it is still lacking perhaps the most basic feature of any social network: the ability to use it outside of an app. While many rival networks such as Twitter began as web versions, Threads still does not have a version that can be used on desktop computers or outside of the app. In a recent post, head of Instagram Adam Mosseri said the company is “working on it”. “We’ve been using an early version internally for a week or two,” he wrote on Threads. “Still needs some work before we can open it up to everyone though…” Mark Zuckerberg also said two weeks ago that the company was looking to build a “vibrant long term app” and that it had “lots of work ahead”. That includes the addition of “search and web”, which he said would arrive “in the next few weeks”. Now the Wall Street Journal has reported that the web version of the app could come as early as this week. But it noted that the “launch plans aren’t final and could change”. Threads does offer some features on the web. Users can click on links to Threads and see individual posts and replies, for instance, but there is no way to get back to a feed of accounts that a user is following. Instagram has always been relatively resistant to adding new platforms to its social network. The main Instagram app has only a relatively scaled-down version as its web offering, and it still does not offer a version of its app for iPad. Read More Mark Zuckerberg hits out at Elon Musk for wasting time over cage fight Japanese scientists hoping for a message from alien life imminently iPhone 15 could bring two major changes to fix battery life

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