Elon Musk’s Twitter promised a purge of blue check marks. Instead, he singled out one account Some VIP Twitter users woke up on Saturday expecting to have lost their coveted blue verification check marks in a previously announced purge by Elon Musk. Instead, Twitter appeared to target a single account from a major publication Musk dislikes and changed the language on its site in a way that obscures why users are verified. Twitter had said it would “begin winding down” blue checks granted under its old verification system — which emphasized protecting high-profile users at risk of impersonation — on April 1. In order to stay verified, Musk said, users would have to pay $8 per month to join the platform’s Twitter Blue subscription service, which has allowed accounts to pay for verification since December. Most legacy blue check holders found this weekend that their verification marks had not disappeared, but rather had been ...
Samsung to cut chip production after posting lowest profit in 14 years The Samsung Electronics semiconductor manufacturing plant in Pyeongtaek, Gyeonggi province in January 2022. SeongJoon Cho/Bloomberg/Getty Images Seoul Reuters — Samsung Electronics said on Friday it would make a “meaningful” cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens. Shares in the world’s largest memory chip and TV maker rose 3% in early trading, while rival SK Hynix shares surged 5% as investors welcomed plans to cut production to help preserve pricing power. Samsung (SSNLF) estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier, in a short preliminary earnings statement. It was the lowest profit for any quarter in 14 years. “Memory demand dropped sharply … due to the macroeconomic situation an...