FinPol Digest

 Tech billionaire Elon Musk has called Twitter the “world’s largest non-profit". His latest tweet received 36 million views and over 380,000 likes.  Musk wrote on Twitter, “Say what you want about me, but I acquired the world’s largest non-profit for $44B lol.” He acquired a 9.2 percent stake in Twitter, which made him the largest stakeholder in Twitter. Subsequently, he referred to the platform as "the world's largest non-profit." A user responded to his tweet, "Right. Now open source it, then we'll be truly impressed." Musk replied to him, "Prepare to be disappointed at first when our algorithm is made open source next week, but it will improve rapidly!" In October 2022, Musk bought the micro-blogging site for $44 billion. After the acquisition of the social media platform, he announced various changes to the platform. He also said that he faced various challenges while running the social media company.  Musk borrowed $13 billion to close t...

After 44 years, Egypt’s President Abdel-Fattah al-Sissi announced the rise of the price of pita, something that the country and the current generation were not expecting. Sisi is rapidly moving towards implementing economic reforms but what he foremost needs is the support of the people of his country but will it be possible with the recent line of moves by the president? The hike in the price of bread was dropped like a bomb on people at the dedication of a Silo Foods food production complex near Cairo. Recently the Arab country’s leader said that the time has come to increase the price of pita. With this announcement, the whole went into shock thinking about the reasons why this decision was taken. Sisi said, “It’s inconceivable that for 20 pitas, people pay the price of a single cigarette.” The announcement made it clear that there are some serious changes that the country needs to witness.  It is to be noted that over four decades, the country has not once seen a rise in a pita...

Former United States president Donald Trump has announced that he will be suing top social media platforms--Facebook and Twitter. He also said that he will go ahead with an anti-censorship lawsuit against web browser Google as well.  Trump announced on Wednesday that he is filing this class action lawsuit for years of long battle for his version of free speech against the tech giants who have been, according to him, targeting him since the time he took over the White House.  The former president was at his regular meeting at the Golf club where he told the reporters that he has decided to take action against those hampering the process of free speech. “Today, in conjunction with the America First Policy Institute, I'm filing as the lead class representative, a major class-action lawsuit against the big tech giants including Facebook, Google and Twitter as well as their CEOs, Mark Zuckerberg Sundar Pichai and Jack Dorsey -- three real nice guys,” he asserted.  His emphasis...