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HSBC Holdings: Lowered its target price for NetEase (NTES.O) from $162 to $150.Russian Foreign Ministry: Russian Foreign Minister Sergey Lavrov confirmed that Russia is ready to resolve the conflict in Ukraine through political and diplomatic means.Russian Foreign Ministry: Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio discussed the Ukraine issue.On July 23, STMicroelectronics (STM.N) stated in a press release that it expects revenue growth this quarter, driven by demand for AI-powered data centers. The company anticipates third-quarter revenue to reach approximately $3.7 billion in the mid-term guidance period, representing a 6.2% year-over-year increase, compared to the average analyst estimate of $3.79 billion. Gross margin for the quarter is expected to be approximately 37%, compared to analyst expectations of 36.76%. The continued expansion of AI infrastructure is driving demand for various data center chips, from Nvidias (NVDA.O) cutting-edge GPUs to STMicroelectronics semiconductors supporting power management and connectivity. This has significantly boosted the performance of the Franco-ST chipmaker. CEO Jean-Marc Cherry has been committed to expanding the business into high-growth areas beyond consumer electronics and the automotive industry. STMicroelectronics expects AI-powered data center revenue to exceed $1 billion in 2026, up from its previous forecast of approximately $1 billion; and to exceed $2 billion in 2027, also up from its previous forecast of approximately $2 billion.Hyundai Motor: Global auto sales guidance for 2026 may decline slightly.

Social Media Restricts But Doesn't Eliminate Misinformation

Charlie Brooks

Nov 10, 2022 14:38

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Social media analysts say a substantial number of unconfirmed tweets and Facebook posts on Wednesday questioned Democratic midterm election victory. Disinformation didn't reach dimensions after Joe Biden's 2020 triumph.


Researchers who study misinformation are examining online chatter after Tuesday's election. Then-President Trump's baseless tweets about election fraud in 2020 sparked a deadly Capitol siege. Later, Twitter banned Trump.


This time, less popular users on Twitter Inc (NYSE:TWTR) and Meta Platform's Facebook have raised issues about Arizona's disputed election results, claiming voting machine problems and slow counting.


Nationally, Republicans made slight gains, while Democrats surpassed predictions. Control of Congress was too close to call as of Wednesday evening.


Some critics said the lack of such laws in other states contributed to voter fraud, noting that Republicans won comfortably in Florida after adding voting limits.


The Southern Poverty Law Center's Intelligence Project, which monitors social media, stated, "We see people claiming the Democrats won because of widespread fraud."


Conspiracy theories aren't as popular as they were before.


Mike Caulfield, a University of Washington research scientist and part of the Election Integrity Partnership consortium, stated, "There are a lot of frozen balls in the air, and we're wondering when they'll fall or whether they've disappeared for good."


According to the partnership, some Republican commentators may be limiting themselves from spreading voting fraud charges in Arizona, where the party is sure to win partially.


According to partnership researchers, election officials and internet disinformation experts countered false narratives on social media more effectively than in 2020, helping to prevent erroneous charges.


Inconsistent behaviors from social networking platforms.


Facebook and Twitter can give fact-checking context to election-theory posts. Reuters' analysis of fraudulent posts lacked this background.


Facebook limits the dissemination of conspiracy material by promoting it less; problematic posts get a few hundred likes at most. The company declined to comment on the tool's efficacy, citing the ongoing vote count.


Common Cause, which monitors social media for voting suppression, claimed Tuesday that Twitter has not removed offensive posts.


Twitter, now controlled by Elon Musk, sacked roughly half of its employees last week, including those who curated and promoted trustworthy content.


Twitter rejected the comment.


A Twitter user who claimed a masked man was "cheating in front of the cameras" was suspended.


Seth Bluestein, Philadelphia's city commissioner, called the video fake.


Bluestein: "I voted today at East Passyunk Community Center." "The interior photo I shot tonight is not of a Philadelphia polling station. Another dangerous lie."