Culture Wars/Current Controversies

Social media faces Israel-Hamas misinformation

Saturday, October 14, 2023

Alexei Oreskovic

Technology Editor

The attacks on Israel and the resulting war in the region have spilled into social media. That’s not surprising—online platforms from X to Telegram have emerged as digital frontlines in modern warfare, as we’ve seen in Ukraine, Syria, and Afghanistan.

 

But perhaps because of the horrendous nature of the attack, much of it captured in easy-to-share smartphone videos, or due to the intense feelings about Israel and Palestine, the role of social media in this conflict has become a developing story in its own right.

 

European Commissioner Thierry Breton quickly and publicly called out the leadership of Meta, X, and TikTok about misinformation on their platforms. Breton has the EU’s recent Digital Services Act on his side, which subjects companies to hefty fines (up to 6% of annual revenue) if they are found to have allowed “illegal” content.

 

X owner Elon Musk was quick to lock horns with Breton, telling the commissioner to back his words up with evidence, while his CEO Linda Yaccarino played good cop, and claimed that X had removed or labeled “tens of thousands” of pieces of content since the attack. Meanwhile TikTok, a much younger platform, has found itself embroiled in a geopolitical conflict that’s not about the U.S. and China. As Fortune exclusively reported, TikTok’s pay-for-visibility feature allowed biased videos about Israel and Palestine to gain prominent placement on the platform, and to appear in searches about Israel and Palestine.

You can read Fortune‘s coverage below:

This TikTok feature is allowing users to pay to spread biased information around Israel and Palestine—for just $7

October 12, 2023
 

LEADERSHIP

The war in Israel is already an issue inside workplaces. Here’s how leaders can talk about it with employees

Over the past few years, companies and business leaders have increasingly been asked to speak with their employees about major events.

How private equity’s hiring spree is upending the C-suite at public companies: ‘There’s a draining of succession talent’

PE firms need CEOs to run their fast-growing portfolio companies and are draining succession talent from public companies.

CRYPTO

Inside the meeting where Caroline Ellison came clean to Alameda staff, per a secret recording from an employee who started 3 days earlier

“I’m sure this wasn’t a YOLO thing, right?” Christian Drappi, another Alameda employee, asked the crypto hedge fund’s former CEO.

MOST POWERFUL WOMEN

Best Buy CEO Corie Barry says we’re in the ‘funflation’ economy with $1,000 Taylor Swift tickets—and it’s why sales are worse than expected

The “YOLO economy” gave way to a summer of “revenge spending,” and now, finally, to “funflation.”

CVS CEO sees changes coming ‘faster than a freight train’ for Medicare. She’s betting billions she can build a new American health care system

CVS is betting billions it can avert the “Medicare tsunami” and change American health care.

Meet the CEO behind the huge fashion deal uniting the parent companies of Coach and Michael Kors. Wall Street isn’t sold on it—but Tapestry’s Joanne Crevoiserat says she’s ‘weaving together beautiful things’

The biggest luxury fashion M&A deal in decades, Tapestry’s purchase of Capri Holdings, means new challenges for CEO Joanne Crevoiserat.

Stephanie Linnartz ended a successful run at Marriott to become CEO at struggling Under Armour. ‘I believe in taking calculated risks’

Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.

FINANCE

Exxon’s $59.5 billion deal to buy a giant shale driller is telling us something about climate change and how fast the green transition will be

“The fantasy world of having just renewables as electricity within 50 years or so is now clearly not going to happen,” Jay Hatfield, CEO of Infrastructure Capital Advisors, told Fortune.

Goldman is back with a 16-years-later look at the housing market crash of 2008—and finds affordability is even worse right now

Goldman Sachs economist says it would take a “shock to the broader economy” to make homebuying more affordable.

FEATURES

The raid in Eastern Africa was one of the worst terror attacks of the century. Survivors say France’s biggest energy company left them to face it alone

TotalEnergies faces a criminal complaint from survivors of an attack in 2021 in Mozambique that killed several contractors.

Studio boss David Zaslav’s tactics have made him a villain in Hollywood. But will he be the turnaround CEO that Warner Bros. Discovery needs?

The Warner Bros. Discovery CEO is the ultimate penny-pinching entertainment and media mogul for the private-equity era. But can a more austere Hollywood still deliver hits?

 

 

Why AI might mean fewer discounts at your favorite stores
Leadership Next: Janet Yellen on the state of the economy
 
A note from Fortune
Virtual conversation: The Emerging CFO

Join Fortune and Workday on Wednesday, Oct. 25, at 11 a.m. ET for a virtual conversation with top finance leaders. We’ll discuss how you can advance your career by embracing a CFO mindset and lead the charge in reshaping the traditional support model between finance and IT.

 

Reserve your spot

Leave a Reply