Facebook’s whistleblower goes to Europe
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 November 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Toshiba has ruled out pursuing a deal to take the whole company private and is set to reveal a plan to split the business in three, and Facebook’s whistleblower is calling on the UK and EU to do more to control online harm. Plus, the FT’s markets editor, Katie Martin, will dive into the latest US inflation report and Elon Musk’s sale of 10 per cent of his Tesla shares.
Toshiba rules out deal to take whole group private
https://www.ft.com/content/045c6366-3c54-4462-89b4-95246122c948?
Facebook whistleblower warns UK and EU to do more to control online harm with Madhumita Murgia
https://www.ft.com/content/dcc9c9bf-2abe-4167-aaac-efc067d5a359
VIDEO: Facebook whistleblower on 'harmful but legal' content | FT interview
https://www.ft.com/video/19aaadc2-a12a-4404-81c7-384a6c63fb49
Inflation is bad, but not worse - with Katie Martin
https://www.ft.com/content/201ab9be-60f5-4ed1-88be-58639e89f4c8
Elon Musk offloads nearly $5bn in Tesla shares
https://www.ft.com/content/c88eaf9f-6d56-4cb3-9fd5-22847835f73b
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from a financial time, today is Friday, November 12th, and this is your FT news briefing. |
| 0:08.5 | Days after General Electric splits itself into three, one of Japan's industrial icons |
| 0:14.5 | considers a similar plan. Facebook whistleblower Francis Hogan was in Britain and the EU this week |
| 0:20.5 | pushing for stronger laws to control online harm, and will end the week with Katie Martin's insights |
| 0:26.3 | on inflation and Elon Musk's latest stunt. It's not obvious who has been harmed here. It just |
| 0:34.3 | builds this picture of a really trivialized computer game kind of stock market, which is not what |
| 0:41.9 | it's set up to be. I'm Mark Filipino and here's the news you need to start your day. |
| 0:47.2 | The Toshiba Drama continues. Shareholders have been pressuring the Japanese conglomerate to either |
| 0:56.2 | accept a buyout or radically restructure, and Toshiba seems to be ruling out the option of |
| 1:02.1 | taking the group private. Today, the industrial titan is expected to present a plan to split itself |
| 1:07.4 | into three separate companies, though one of those, probably a company specializing in smaller |
| 1:12.2 | devices and semiconductors could be sold to a private equity firm. Shareholders will have to |
| 1:17.6 | approve the restructuring, and that could be a problem for Toshiba. Nine big investors spoke to |
| 1:23.2 | the FT and they said they found the plan disappointing and unrealistic. |
| 1:33.3 | Facebook whistleblower Francis Hogan was in the UK and Europe this week. |
| 1:37.5 | Lawmakers on both sides of the channel are working through legislation that would hold tech |
| 1:42.0 | companies liable for illegal content like hate speech on their sites. But how can it urge them to |
| 1:47.6 | broaden the scope of their legislation? Here's the FT's European technology correspondent, |
| 1:52.7 | Matamita Mergea. So a bone of contention both in the UK and the EU has been in terms of the new |
| 1:59.1 | laws that are being drafted. What type of content should be regulated under these laws? Obviously, |
| 2:06.5 | we have included illegal content, which includes things like terrorism, and those are things that |
| 2:11.6 | Facebook's algorithms are being developed to pick up. But she believes, and this is the core of |
... |
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