Musk Pressures Twitter to hand over Real Spam Data and JPMorgan expects Average Gas Prices to be $6.20 by August
Uniic Media Newsletter - Wednesday - May 18, 2022
Twitter Deal 'Cannot Move Forward' without Spam Data, Musk says
Elon Musk says he won’t buy Twitter until the company can prove that less than 5% of its daily active users are spam or fake accounts.
“Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does,” Musk tweeted early yesterday.
Hours earlier, Twitter CEO Parag Agrawal published a thread explaining why his company estimates that the number of fake and spam accounts on the platform has, historically, been less than 5%. However, the thread was met with trolling and pushback from Musk, who claims Twitter has been massively undercounting its fake account problem.
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China has 69% of the World's Grain Reserves in Warehouses according to the United States Department of Agriculture
Less than 20% of the world's population has managed to stockpile more than half of the globe's maize and other grains, leading to steep price increases across the planet and dropping more countries into famine.
The hoarding is taking place in China.
COFCO Group, a major Chinese state-owned food processor, runs one of China's largest food stockpiling bases, at the port of Dalian, in the northeastern part of the country. It stores beans and grains gathered from home and abroad in 310 huge silos. From there, the calories make their way throughout China via rail and sea.
JPMorgan Expects Gas to hit $6.20 by August
For the first time in U.S. history, gasoline in every single state is above $4/gallon, while the national average U.S. retail gasoline price just topped $4.50 a gallon yesterday, also for the first time. That’s up about 50 cents from a month ago, and a massive jump from $3.04 per gallon on the same day in 2021. While shocking, in just a few months, these numbers may seem quaint and quite low.
With expectations of strong driving demand JPMorgan’s commodity strategist Natasha Kaneva warns that U.S. retail prices could surge another 37% by August to a $6.20/gal national average.
Apple adds Live Captions to iPhone and Mac
Apple announced a slew of new accessibility features for its products yesterday that can help people with disabilities.
One highlight feature is live captions for videos for iPhones, iPads, and Macs. It means people who are hard of hearing, or anyone who wants to watch a video with the volume off will see text at the bottom of the screen that they can read along with. Apple said it can be used on streaming services, FaceTime calls, and other video conferencing apps. A similar feature is already available on Google’s Android operating system.
The software will roll out later this year.
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