🤔 How the false rumor of a Chinese coup went viral

Plus: Meta Removes Chinese Effort to Influence U.S. Elections, NFT Trading Volumes Collapse 97% From January Peak, and more…

Today’s pick

How the false rumor of a Chinese coup went viral. But it's interesting to dissect how a ridiculous rumor could be elevated and spread so widely that it made it to Twitter's deeply flawed trending list over the weekend. So today I'll trace it back to its roots and unpack how it gained traction. The… (Zeyi Yang / MIT Technology Review)

Zeyi Yang 杨泽毅 @ZeyiYang

For the second @techreview China Report, I analyzed the spread of that ridiculous rumor about a coup in China. The fact that it grew so big and tricked so many, with the help of Indian Twitter and Falun Gong media accounts, is both funny and depressing.

technologyreview.comHow the false rumor of a Chinese coup went viralDissecting how Indian users and Falun Gong media accounts spread a bogus story far and wide on Twitter.

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Meta Removes Chinese Effort to Influence U.S. Elections. Meta, the parent company of Facebook and Instagram, said on Tuesday that it had discovered and taken down what it described as the first targeted Chinese campaign to interfere in U.S. politics ahead of the midterm elections in November. Unlike the… (Steven Lee Myers / The New York Times)

Steven Lee Myers @stevenleemyers

Was China dipping its toe into election interference ahead of the midterm elections in November? Meta announced today that it took down a covert campaign in which people in China pretended to be outraged Republicans and Democrats.

nytimes.comMeta Removes Chinese Effort to Influence U.S. ElectionsThe parent of Facebook and Instagram said that it had taken down what was the first targeted Chinese campaign to interfere in U.S. politics and that the effort was limited.

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NFT Trading Volumes Collapse 97% From January Peak. Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according… (Sidhartha Shukla / Bloomberg)

Tanzeel Akhtar @Tanzeel_Akhtar

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022 [Dune Analytics] via @crypto #NFTs

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Cathie Wood's ARK Launches Venture Fund Open to Individual Investors. The fund is set to invest in businesses similar to those held by ARK’s high-growth, technology-focused exchange-traded funds. (Hannah Miao / Wall Street Journal)

Clayton Gardner @virtualclay

Venture capital is an asset class that's historically been available to only the wealthy. Until now. Introducing the ARK Venture Fund, available to everyday investors exclusively on @titanvest. 1/6

wsj.comCathie Wood’s ARK Launches Venture Fund Open to Individual InvestorsThe fund is set to invest in businesses similar to those held by ARK’s high-growth, technology-focused exchange-traded funds.

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SEC charges Oracle $23 million, saying the company bribed foreign officials for business. Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC announced Tuesday. The company did not admit to or deny the SEC's findings, and it will… (Ashley Capoot / CNBC)

Will Oremus @WillOremus

This is the company that TikTok is going to route all US data through, so we can have full confidence that nothing shady or untoward is happening. cnbc.com/2022/09/27/sec…

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