Day: July 28, 2020

Twitter limits Trump Jr.’s access after he shared coronavirus misinformation

wayne July 28, 2020

Donald Trump Jr. speaks to young people waiting to hear his father, U.S. President Donald Trump, deliver an “Address to Young Americans” at the Dream City Church in Phoenix, Arizona, June 23, 2020.

Carlos Barria | Reuters

Donald Trump Jr. has limited access to his Twitter account after sharing a video on the social media platform that violated its Covid-19 misinformation rules, the company confirmed Tuesday. 

A Twitter spokesperson called out the president’s son for violating its policy on “spreading misleading and potentially harmful information related to Covid-19.”

The post in question, a viral video about Hydroxychloroquine being used to treat Covid-19, has since been deleted. A Twitter spokesman declined to comment further. 

Trump Jr. is still able to browse the app, but is unable to tweet, retweet, follow or like posts for a 12-hour period.

In a statement to CNBC, Andy Surabian, a spokesman for Trump Jr., echoed unproven complaints from conservatives that social media companies like Twitter try to silence conservatives on their respective platforms.

“Twitter suspending Don Jr. for sharing a viral video of medical professionals discussing their views on Hydroxychloroquine is further proof that Big Tech is intent on killing free expression online and is another

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Density, a startup that monitors headcount indoors, raises $51 million

wayne July 28, 2020

Large indoor meetings are a surefire way to get yourself thrown out-the-door in a moment’s notice—at least in some states.

Now a startup that automatically monitors headcount indoors has raised $51 million as limits on gatherings during the pandemic ushers in a fresh wave of demand for the business.

San Francisco-based Density, which uses sensors to monitor the number of people entering and exiting a room or building, announced Tuesday that it raised the Series C funding with Kleiner Perkins leading the round and substantial capital from 01 Advisors. Other investors included Upfront Ventures, Founders Fund, Ludlow Ventures, Launch, DTA, Alex Rodriguez, LBC Ventures, Julia and Kevin Hartz, as well as Cyan and Scott Banister.

Prior to the pandemic, Density’s main pitch was space optimization: Using Density, businesses and real estate investors could analyze which commercial properties were being under-used with its sensors and software, and cull wasted rentals and buildings. And for those who know the pain of lining up at the Department of Motor Vehicles, the startup may also be remembered as one that sought to kill the lines at the DMV.

With an easily spread virus that’s required social distancing, companies, says CEO and Co-founder Andrew …

Bank of America CEO Brian Moynihan on how business can measure stakeholder capitalism

wayne July 28, 2020

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Business has been measuring shareholder returns via earnings reports and changes in stock price for what seems like forever. But now that stakeholder capitalism is in vogue, corporations need new metrics.

Enter Brian Moynihan, Bank of America’s CEO of 10 years and the latest guest on Fortune podcast “Leadership Next.” As chair of the International Business Council (IBC), he is working to figure out a set of common metrics the business community can use to measure the stakeholder capitalism that the Business Roundtable endorsed last year. And despite the pandemic, the group is getting closer to determining that final list of metrics and sub-metrics.

“You’ve had a pandemic and an economic crisis around that pandemic, but at the same time, we have more people signing onto the metrics, we have more dialogues, and the green part of this has gotten completely embedded into the recovery question,” Moynihan said of interest in stakeholder capitalism despite the recession.

To ensure that interest translates into widespread use of the metrics, the IBC has been focusing on finding …