Bad week in social media gets worse;Twitter hammered
Twitter’s stock plunged more than 17 percent Friday morning after the company attempted to crack down on online haters, abusers and trolls. The company suspended millions of accounts violating Twitter’s safe environment. It had 335 million monthly users in the quarter, 4 million below what the Wall Street estimated. “We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviors that distort and distract from the public conversation,” CEO Jack Dorsey said in a prepared statement.
US economy grew at a brisk 4.1 percent rate last quarter
President Trump announced what was an “amazing” growth rate for the country’s economy Friday. Last quarter, the U.S. economy boosted at an annual rate of 4.1 percent, the strongest quarterly figure since 2014. The number is a result of consumers spending tax-cut money, businesses stepping up investment and exporters rushing to ship their goods ahead of retaliatory tariffs. “We believe quarter two will represent a growth peak as the boost from tax cuts fades, global growth moderates, inflation rises, the Fed tightens monetary policy and trade protectionism looms over the economy,” said Gregory Daco, chief U.S. economist at Oxford Economics.
Extraordinary drug dog worries Colombian cartel
Sombra, a six-year-old German shepherd that has helped Columbian police discover more than 2,000 kilos of cocaine, has become the latest target of Columbia’s most powerful drug gang. The threat caused Columbian police to relocate Sombra away from her duties sniffing through suspicious cargo at Bogota’s El Dorado International Airport. She is usually accompanied by two armed guards, and receives special protection because her sense of small is far superior than other dogs.
