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X Reduces Trust and Safety Staff, Raises Concerns Over Hate Speech Monitoring
The Australian E-safety Commission has reported that X Corp, formerly known as Twitter, has laid off over 30 percent of its trust and safety staff. The reduction, attributed to Elon Musk's cost-cutting measures since taking over the platform, includes over 80 percent of X's safety engineers. The report highlights an increase in reported hate speech on the platform, but a decrease in the number of users banned for such behavior. Additionally, there has been a 45 percent reduction in trust and safety staff in the Asia Pacific region and a complete elimination of Australian-based staff, aligning with a legal challenge to X's terms and conditions under the Online Safety Act in Australia. The challenge questions whether X is meeting minimum safety standards set by the law. Ongoing updates are expected in this legal matter.
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On Friday, shares of State Bank of India (SBI) (500112) experienced a marginal decline of 0.13%, closing at 641.85 Indian rupees. This occurred against the backdrop of an overall positive trading session for the stock market, with the S&P BSE Sensex Index (1) registering a 0.2...
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US blue-chip stocks saw one of their worst starts to the year in a decade, breaking a nine-week bull run. Despite a 0.2% gain on Friday, the S&P 500 index experienced a 1.5% loss for the shortened four-day trading week, leaving investors uncertain about the balance between pot...
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