FT News Briefing Facebook’s whistleblower goes to Europe
Nov 12, 2021
Toshiba is set to restructure by splitting into three entities as it faces shareholder pressure. A Facebook whistleblower is urging the UK and EU to establish stricter regulations to combat online harm, highlighting the need to differentiate between harmful and illegal content. The conversation also touches on recent U.S. inflation trends and Elon Musk's surprising decision to sell 10% of his Tesla shares. This mix of corporate ethics and social media accountability keeps listeners engaged and informed.
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Toshiba's Split
- Toshiba is considering splitting into three companies, similar to General Electric.
- Shareholders find the plan unrealistic, posing a challenge for Toshiba's restructuring.
Broaden Online Harm Laws
- Frances Haugen urges UK and EU to expand online harm laws beyond illegal content.
- She highlights harmful but legal content amplified by algorithms, impacting vulnerable users.
Inflation Concerns
- US inflation hit 6.2%, the highest since 1990, impacting household incomes and markets.
- This challenges the "transitory inflation" narrative and raises questions about the Fed's response.