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On September 18, Bloomberg reported on the 17th that a Spirit Airlines passenger plane had an "uncomfortably close encounter" with Air Force One, the plane carrying President Trump, on the 16th. The report said that Trumps plane was en route to London when it encountered the Spirit Airlines plane over New York City. The two planes were approximately 10 to 13 kilometers apart, about to exceed the safe distance limit, and their flight paths intersected. A recording of an air-to-ground conversation cited in the report showed that the air traffic controller urgently called out to the pilot of the budget airliner, asking him to adjust his course, but the pilot did not respond in time. The air traffic controller then reminded the pilot, "Pay attention to the 747 a few miles away. I believe you can recognize it." Because the pilot did not respond in time, the air traffic controller also scolded the pilot, "Be careful, stop playing with your iPad!"Futures data from September 18th showed a significant downward pressure on copper prices, likely driven by risk aversion ahead of the Federal Reserves interest rate meeting. With expectations of a rate cut materializing and the Feds overall neutral stance, copper prices retreated from their highs during the US trading session. The Fed cut rates as expected, but Powell, in a post-meeting statement, stated the move was a risk management decision, adding that he saw no need for a rapid rate adjustment. While global raw material tightening has eased, supply-side pressures have yet to materialize. Demand for end-consumption remains uncertain, along with the macroeconomic environment. In the short term, copper prices are looking for a breakout driver after hitting the upper limit of volatility, with the market fluctuating between "recession" and soft landing scenarios. The September Fed meeting was uneventful, and while a major upward macro driver has yet to materialize, the long-term supply-demand imbalance remains the primary concern. For now, high volatility is likely to persist until real conditions improve. Trading remains cautious regarding changes in demand and the overseas macroeconomic environment.On September 18th, Meta Platforms (META.O) announced the launch of a new generation of Ray-Ban smart glasses, with significantly longer battery life and 3K video recording capabilities. The technical name of this new pair of glasses is Ray-Ban Meta Gen 2, with a starting price of US$379. At the same time, Meta also launched its first glasses with a built-in display. The latest model is Meta Ray-Ban Display, with a starting price of US$799. The glasses have a built-in screen in the right lens, which can display text messages, video calls, turn-by-turn map navigation, and visual query results of Meta AI services. These glasses also introduce a new control system. Although users can still operate them by swiping along the frame like previous models, the main interface is controlled by a wristband worn on the hand that recognizes gestures. At the same time, Meta also announced the launch of Oakley Vanguard smart glasses, which are targeted at athletes.Meta Platforms (META.O) announced the establishment of Meta Horizon Studio.Meta Platforms (META.O): Ray-Ban Display smart glasses start at $799 and will be available starting September 30.

Kanye West agrees to purchase the social networking platform Parler

Skylar Williams

Oct 18, 2022 14:24

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Monday, Parlement Technologies said that Kanye West, now known as Ye, has reached an agreement in principle to acquire Parler, a social media site popular with U.S. conservatives.


The transaction is expected to be concluded in the fourth quarter of 2022, according to Parler of Nashville, which has invested nearly $56 million to date. It did not give a deal value.


Following the U.S. In January of 2021, riots break out in the Capitol. Along with Gettr, Gab, and Truth Social, Parler is one of multiple social media networks that offer themselves as alternatives to Twitter Inc. in terms of free speech (NYSE:TWTR).


Last month, Parler restructured and launched a new parent company, Parlement Technologies Inc.


In an interview with Reuters on Monday, George Farmer, CEO of Parlement Technologies, revealed that negotiations with Ye began shortly after Paris Fashion Week.


Ye, a fashion designer, wearing a T-shirt reading "White Lives Matter" on October 3 in Paris. Multiple Jewish groups claim that he posted anti-Semitic content on Instagram four days later. For these posts, Instagram and Facebook owner Meta Platforms (NASDAQ:META) banned Ye from his Instagram account.


Ye then resorted to Twitter, where he made his first post in two years on October 8. His Twitter account was disabled shortly thereafter.


According to Parlement's CEO, the Parler acquisition came together quickly, and Parlement was "given a chance."


"The argument over Instagram's ban was the determining factor for him," Farmer said, declining to comment on whether the contract stipulates a breakup fee if either party terminates it.


Ye severed ties with clothing store Gap Inc (NYSE:GPS) in September, and on October 6 Adidas (OTC:ADDY) declared that it is reevaluating its business connection with the rapper.


Monday, Farmer remarked that he has no reservations about Parler's advertising opportunities under Ye.


Farmer stated, "I see this as a warning shot for companies that wish to deplatform people." There are an increasing number of advertisers interested in this sector.


At the time of the announcement, Ye had around 91 followers, indicating that he joined Parler on Monday. He now has 3,900.


"In a world where conservative beliefs are considered controversial, we must ensure that we have the right to free expression," he remarked.


According to Farmer, there are 16,500,000 registered Parler users. According to Apptopia, the platform has been downloaded 11,700,000 times since its start, and it has 40,000 daily active users.


According to Forbes, Ye has a $2 billion net worth.