People "are likely to continue working full-time even if they receive no-strings-attached universal basic income payments," reports CNN, citing results from a recent experiment in Germany (discussed on Slashdot in 2020): Mein Grundeinkommen (My Basic Income), the Berlin-based non-profit that ran the German study, followed 122 people for three years. From June 2021 to May 2024, this group received an unconditional sum of €1,200 ($1,365) per month. The study focused on people aged between 21 and 40 who lived alone and already earned between 1,100 euros (around $1,250) and 2,600 euros ($2,950) a month. They were free to use the extra money from the study on anything they wanted. Over the course of three years, the only condition was that they had to fill out a questionnaire every six months that asked about different areas of their lives, including their financial situation, work patterns, mental well-being and social engagement.

One concern voiced by critics is that receiving a basic income could make people less inclined to work. But the Grundeinkommen study suggests that may not be the case at all. It found that receiving a basic income was not a reason for people to quit their jobs. On average, study participants worked 40 hours a week and stayed in employment — identical to the study's control group, which received no payment. "We find no evidence that people love doing nothing," Susann Fiedler, a professor at the Vienna University of Economics and Business who was involved with the study, said on the study's website.

Unlike the control group, those receiving a basic income were more likely to change jobs or enroll in further education. They reported greater satisfaction in their working life — and were "significantly" more satisfied with their income...

And can more money buy happiness? According to the study, the recipients of a basic income reported feeling that their lives were "more valuable and meaningful" and felt a clear improvement in their mental health.

A former Facebook employee/whistleblower alleges Meta's AI model Lllama was used to help DeepSeek.

The whistleblower — former Facebook director of global policy Sarah Wynn-Williams — testified before U.S. Senators on Wednesday. CBS News found this earlier response from Meta: In a statement last year on Llama, Meta spokesperson Andy Stone wrote, "The alleged role of a single and outdated version of an American open-source model is irrelevant when we know China is already investing over 1T to surpass the US technologically, and Chinese tech companies are releasing their own open AI models as fast, or faster, than US ones."

Wynn-Williams encouraged senators to continue investigating Meta's role in the development of artificial intelligence in China, as they continue their probe into the social media company founded by Zuckerberg. "The greatest trick Mark Zuckerberg ever pulled was wrapping the American flag around himself and calling himself a patriot and saying he didn't offer services in China, while he spent the last decade building an $18 billion business there," she said.
The testimony also left some of the lawmakers skeptical of Zuckerberg's commitment to free speech after the whistleblower also alleged Facebook worked "hand in glove" with the Chinese government to censor its platforms: In her almost seven years with the company, Wynn-Williams told the panel she witnessed the company provide "custom built censorship tools" for the Chinese Communist Party. She said a Chinese dissident living in the United States was removed from Facebook in 2017 after pressure from Chinese officials. Facebook said at the time it took action against the regime critic, Guo Wengui, for sharing someone else's personal information. Wynn-Williams described the use of a "virality counter" that flagged posts with over 10,000 views for review by a "chief editor," which Democratic Sen. Richard Blumenthal of Connecticut called "an Orwellian censor." These "virality counters" were used not only in Mainland China, but also in Hong Kong and Taiwan, according to Wynn-Williams's testimony.

Wynn-Williams also told senators Chinese officials could "potentially access" the data of American users.

Facebook Marketplace has emerged as the dominant feature within the social media platform, amassing 1.2 billion monthly active buyers by 2023 and overtaking eBay as a peer-to-peer selling platform. According to recent data, approximately 16 percent of Facebook's monthly active users now access the site exclusively to participate in Marketplace.

The feature's growth accelerated following the pandemic's supply chain disruptions and subsequent inflation, which increased demand for used goods. Facebook reports that Marketplace is attracting younger demographics who have otherwise abandoned the platform's social features.

This shift represents a fundamental transformation of Facebook's core function from "digital connector" to "digital bazaar," with the platform increasingly hosting transactions rather than social connections.

Germany will get a new "super-high-tech ministry" responsible for research, technology, and aerospace, according to the coalition agreement published by the incoming government this week. From a report: The announcement is one of several nods to science in the 144-page agreement, unveiled on 9 April following weeks of negotiations between the center-right Christian Democrats (CDU) and its sister party, the Christian Social Union in Bavaria (CSU) -- who together won the most seats in February's federal elections -- and the center-left Social Democrats. The agreement is expected to be formally approved by the three parties by early May, paving the way for CDU leader Friedrich Merz to be elected chancellor.

[...] The new agreement lists a number of scientific priorities for the new government, including support for artificial intelligence, quantum technologies, biotechnology, microchip development and production, and fusion energy. "Our goal is that the world's first fusion reactor should be realized in Germany," the text states. It also mentions personalized medicine, oceans research, and sustainability research as "strategic" areas. But the agreement does not include any budget estimates, and observers caution it is unclear where the money for new programs would come from. The agreement does affirm current commitments to increase the budgets of the country's main research organizations by 3% per year through 2030.

France is to tighten its ban on the use of mobile phones in middle schools, making pupils at the ages of 11 to 15 shut away their devices in a locker or pouch at the start of the day and access them again only as they are leaving. A report adds: The education minister told the senate she wanted children to be fully separated from their phones throughout the school day in all French middle schools from September. Elisabeth Borne said: "At a time when the use of screens is being widely questioned because of its many harmful effects, this measure is essential for our children's wellbeing and success at school."

In 2018, France banned children from using mobile phones in all middle schools -- known as colleges. Phones must remain switched off in schoolbags and cannot be used anywhere in the school grounds, including at break-time. Schools have reported a positive effect, with more social interaction, more physical exercise, less bullying and better concentration. But some did report a few children would sneak into the toilets to watch videos on phones at break.

An anonymous reader shares a report: Meta's latest whistleblower, Sarah Wynn-Williams, got a warm reception on Capitol Hill Wednesday, as the Careless People author who the company has fought to silence described the company's chief executive as someone willing to shapeshift into whatever gets him closest to power. The message was one that lawmakers on the Senate Judiciary subcommittee on crime and counterterrorism were very open to. Their responses underscore that amid CEO Mark Zuckerberg's latest pivot in cozying up to the right, his perception in Washington has not yet totally changed, even as he reportedly lobbies President Donald Trump to drop the government's antitrust case against the company.

"He's recently tried a reinvention in which he is now a great advocate of free speech, after being an advocate of censorship in China and in this country for years," subcommittee Chair Josh Hawley (R-MO) said, pointing to longtime conservative allegations that Meta has suppressed things like vaccine skepticism and the Hunter Biden laptop story. "Now that's all wiped away. Now he's on Joe Rogan and says that he is Mr. Free Speech, he is Mr. MAGA, he's a whole new man, and his company, they're a whole new company. Do you buy this latest reinvention of Mark Zuckerberg?"

"If he is such a fan of freedom of speech, why is he trying to silence me?" Wynn-Williams asked in response. Meta convinced an arbitrator to order her to stop making disparaging statements and halt further publishing and promotion of the book, which details Meta's alleged dealings with the Chinese government and claims of sexual harassment from a top executive.

On Bluesky, the joke's on you if you don't get the joke. The social network has become a "refuge" for those fleeing X and Threads, but its growing pains include a serious case of humor-impairment. When Amy Brown jokingly posted she was "screaming, crying, and throwing up" about price differences between Ohio and California Walgreens, literal-minded users scolded her for exaggerating. Brown, a former Wendy's social media manager who got banned from X after impersonating Elon Musk, puts it simply: "We're both speaking English, but I'm speaking internet."

This clash stems from Bluesky's oddly mixed population: irony-steeped Twitter refugees mingling with earnest Facebook transplants and MSNBC viewers who took the plunge after seeing the platform mentioned on shows like Morning Joe. "It's riff collapse," says cartoonist Mattie Lubchansky, describing how her obviously absurd Oscar post triggered sincere movie recommendations.

President Donald Trump signaled a potential diplomatic opening amid his aggressive tariff strategy on Monday, threatening China with an additional 50% tariff while simultaneously offering other nations a path to negotiate lower trade barriers.

The ultimatum to Beijing demands China withdraw a 34% increase by April 8, 2025, or face supplementary tariffs effective April 9, which would push total levies on Chinese goods to 104% or higher. Trump has already imposed a 20% tariff over fentanyl concerns and a 34% tariff related to trade issues. "Negotiations with other countries, which have requested meetings, will begin taking place immediately," Trump wrote on social media, marking a shift from the administration's previously unyielding stance.

Brain rot — the inability to think deeply after too much scrolling on a phone — afflicts "plenty of people," writes the New York Times' lead consumer technology writer. [Alternate URL here.] He's suffering from it too — "These days, it's tough to even finish a book."

But is the answer just avoiding distractions with a stripped-down $600 phone "that barely does anything"? For a week he tested the Light Phone III... The newest version, which began shipping in March and is set for a broader release in July, can place calls, send texts, take photos, show map directions, play music and podcasts and not do much else. There is no web browser. There is also no app store, meaning there's no Uber to hail a ride, no Slack and no social media. There isn't even email... There were moments I enjoyed it. While waiting for a train, resting at the gym or eating alone, I was not tempted to stare at the phone screen, and I felt more mindful of my surroundings. Phone calls sounded nice and clear. The maps app did a fine job navigating me around town.

It reminded me of simpler times when we used phones primarily to converse before putting them away to focus on other tasks. But over the week, the downsides of a dumber phone chipped away at my enjoyment, and overall I felt more stressed and less capable. I suddenly found myself unable to get into a train station, look up the name of a new restaurant or control my garage door. Some of that has less to do with the Light Phone itself, which is a so-so product, and more to do with how society as a whole has become dependent on advanced smartphone features.
For example, his old smartphone supported virtual phone-based passes for mass transit and speedy access to his gym. (And his friends made phone of the Light Phone's photos.) But at least never felt tempted to check his email when out to dinner.

"While I admire the goal of the Light Phone, my experience demonstrates there's nothing we can realistically do or buy to bring us back to simpler times. So many aspects of our lives, including getting around town, working, paying for things and controlling home appliances, revolve around our highly capable smartphones.

"This Light Phone experiment reminded me of glamping: paying a lot to have an artificially crummier experience."

"Gen Z is rediscovering Tumblr — a chaotic, cozy corner of the internet untouched by algorithmic gloss and influencer overload..." writes Fast Company, "embracing the platform as a refuge from an internet saturated with influencers and algorithm fatigue." Thanks to Gen Z, the site has found new life. As of 2025, Gen Z makes up 50% of Tumblr's active monthly users and accounts for 60% of new sign-ups, according to data shared with Business Insider's Amanda Hoover, who recently reported on the platform's resurgence. User numbers spiked in January during the near-ban of TikTok and jumped again last year when Brazil temporarily banned X. In response, Tumblr users launched dedicated communities to archive and share their favorite TikToks...

To keep up with the momentum, Tumblr introduced Reddit-style Communities in December, letting users connect over shared interests like photography and video games. In January, it debuted Tumblr TV — a TikTok-like feature that serves as both a GIF search engine and a short-form video platform. But perhaps Tumblr's greatest strength is that it isn't TikTok or Facebook. Currently the 10th most popular social platform in the U.S., according to analytics firm Similarweb, Tumblr is dwarfed by giants like Instagram and X. For its users, though, that's part of the appeal.
First launched in 2007, Tumblr peaked at over 100 million users in 2014, according to the article. Trends like Occupy Wall Street had been born on Tumblr, notes Business Insider, calling the blogging platform "Gen Z's safe space... as the rest of the social internet has become increasingly commodified, polarized, and dominated by lifestyle influencers." Tumblr was also "one of the most hyped startups in the world before fading into obsolescence — bought by Yahoo for $1.1 billion in 2013... then acquired by Verizon, and later offloaded for fractions of pennies on the dollar in a distressed sale.

"That same Tumblr, a relic of many millennials' formative years, has been having a moment among Gen Z..." "Gen Z has this romanticism of the early-2000s internet," says Amanda Brennan, an internet librarian who worked at Tumblr for seven years, leaving her role as head of content in 2021... Part of the reason young people are hanging out on old social platforms is that there's nowhere new to go. The tech industry is evolving at a slower pace than it was in the 2000s, and there's less room for disruption. Big Tech has a stranglehold on how we socialize. That leaves Gen Z to pick up the scraps left by the early online millennials and attempt to craft them into something relevant. They love Pinterest (founded in 2010) and Snapchat (2011), and they're trying out digital point-and-shoot cameras and flip phones for an early-2000s aesthetic — and learning the valuable lesson that sometimes we look better when blurrier.

More Gen Zers and millennials are signing up for Yahoo. Napster, surprising many people with its continued existence, just sold for $207 million. The trend is fueled by nostalgia for Y2K aesthetics and a longing for a time when people could make mistakes on the internet and move past them. The pandemic also brought more Gen Z users to Tumblr...

And Tumblr still works much like an older internet, where people have more control over what they see and rely less on algorithms. "You curate your own stuff; it takes a little bit of work to put everything in place, but when it's working, you see the content you want to see," Fjodor Everaerts, a 26-year-old in Belgium who has made some 250,000 posts since he joined Tumblr when he was 14... Under Automattic, Tumblr is finally in the home that serves it, [says Ari Levine, the head of brand partnerships at Tumblr]. "We've had ups and downs along the way, but we're in the most interesting position and place that we've been in 18 years," he says... And following media companies (including Business Insider) and social platforms like Reddit, Automattic in 2024 was making a deal with OpenAI and Midjourney to allow the systems to train on Tumblr posts.

"The social internet is fractured," the article argues. ("Millennials are running Reddit. Gen Xers and Baby Boomers have a home on Facebook. Bluesky, one of the new X alternatives, has a tangible elder-millennial/Gen X vibe. Gen Zers have created social apps like BeReal and the Myspace-inspired Noplace, but they've so far generated more hype than influence....")

But in a world where megaplatforms "flatten our online experiences and reward content that fits a mold," the article suggests, "smaller communities can enrich them."

It was already the best-selling videogame of all time, notes the Hollywood Reporter. And A Minecraft Movie just had the biggest opening ever for a video game movie adaptation. WIth a production budget of $150 million, it earned in $157 million in just its first weekend in the U.S., with a worldwide total of $301 million.

A Warner Bros. executive called the movie "lightning in a bottle," while the head of co-producer Legendary Pictures acknowledged the game is a global phenomon, according to the article. (About the movie's performance, the executive "said the opening is a both a reflection of the mandate to celebrate the world of Minecraft in a joyful way, and the singular experience that only theatrical can offer."

But an unfinished version leaked online before the movie was even released, reports Variety Screenshots and footage from the fantasy adventure were being shared widely on social media platforms this week, and were also available on file sharing sites. The images and scenes have uncompleted visual effects. Most of the footage was quickly taken down by the rights holders. Although pirated footage is a common problem for major film releases, it's rare to have a working print leak online in this way, raising questions about how such an early version of the movie was accessed, stolen and then shared.

A new study shows bonobos can combine vocal calls in ways that mirror human language, producing phrases with meanings beyond the sum of individual sounds. "Human language is not as unique as we thought," said Dr Melissa Berthet, the first author of the research from the University of Zurich. Another author, Dr Simon Townsend, said: "The cognitive building blocks that facilitate this capacity is at least 7m years old. And I think that is a really cool finding." The Guardian reports: Writing in the journal Science, Berthet and colleagues said that in the human language, words were often combined to produce phrases that either had a meaning that was simply the sum of its parts, or a meaning that was related to, but differed from, those of the constituent words. "'Blond dancer' -- it's a person that is both blond and a dancer, you just have to add the meanings. But a 'bad dancer' is not a person that is bad and a dancer," said Berthet. "So bad is really modifying the meaning of dancer here." It was previously thought animals such as birds and chimpanzees were only able to produce the former type of combination, but scientists have found bonobos can create both.

The team recorded 700 vocalizations from 30 adult bonobos in the Democratic Republic of the Congo, checking the context of each against a list of 300 possible situations or descriptions. The results reveal bonobos have seven different types of call, used in 19 different combinations. Of these, 15 require further analysis, but four appear to follow the rules of human sentences. Yelps -- thought to mean "'et's do that" -- followed by grunts -- thought to mean "look at what I am doing," were combined to make "yelp-grunt," which appeared to mean "let's do what I'm doing." The combination, the team said, reflected the sum of its parts and was used by bonobos to encourage others to build their night nests.

The other three combinations had a meaning apparently related to, but different from, their constituent calls. For example, the team found a peep -- which roughly means "I would like to ..." -- followed by a whistle -- appeared to mean "let's stay together" -- could be combined to create "peep-whistle." This combination was used to smooth over tense social situations, such as during mating or displays of prowess. The team speculated its meaning was akin to "let's find peace." The team said the findings in bonobos, together with the previous work in chimps, had implications for the evolution of language in humans, given all three species showed the ability to combine words or vocalizations to create phrases.

For the second time, President Trump has extended the deadline for ByteDance to divest TikTok's U.S. operations by 75 days. The TikTok deal "requires more work to ensure all necessary approvals are signed," said Trump in a post on his Truth Social platform. The extension will "keep TikTok up and running for an additional 75 days."

"We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs (Necessary for Fair and Balanced Trade between China and the U.S.A.!)," Trump added. CNBC reports: ByteDance has been in discussion with the U.S. government, the company told CNBC, adding that any agreement will be subject to approval under Chinese law. "An agreement has not been executed," a spokesperson for ByteDance said in a statement. "There are key matters to be resolved." Before Trump's decision, ByteDance faced an April 5 deadline to carry out a "qualified divestiture" of TikTok's U.S. business as required by a national security law signed by former President Joe Biden in April 2024.

ByteDance's original deadline to sell TikTok was on Jan. 19, but Trump signed an executive order when he took office the next day that gave the company 75 more days to make a deal. Although the law would penalize internet service providers and app store owners like Apple and Google for hosting and providing services to TikTok in the U.S., Trump's executive order instructed the attorney general to not enforce it. "This proves that Tariffs are the most powerful Economic tool, and very important to our National Security!," Trump said in the Truth Social post. "We do not want TikTok to 'go dark.' We look forward to working with TikTok and China to close the Deal. Thank you for your attention to this matter!"

An anonymous reader quotes a report from Ars Technica: [...] The study, led by researchers at Brown University, found that the wealthiest Americans lived shorter lives than the wealthiest Europeans. In fact, wealthy Northern and Western Europeans had death rates 35 percent lower than the wealthiest Americans, whose lifespans were more like the poorest in Northern and Western Europe -- which includes countries such as France, the Netherlands, and Switzerland. "The findings are a stark reminder that even the wealthiest Americans are not shielded from the systemic issues in the US contributing to lower life expectancy, such as economic inequality or risk factors like stress, diet or environmental hazards," lead study author Irene Papanicolas, a professor of health services, policy and practice at Brown, said in a news release.

The study looked at health and wealth data of more than 73,000 adults across the US and Europe who were 50 to 85 years old in 2010. There were more than 19,000 from the US, nearly 27,000 from Northern and Western Europe, nearly 19,000 from Eastern Europe, and nearly 9,000 from Southern Europe. For each region, participants were divided into wealth quartiles, with the first being the poorest and the fourth being the richest. The researchers then followed participants until 2022, tracking deaths. The US had the largest gap in survival between the poorest and wealthiest quartiles compared to European countries. America's poorest quartile also had the lowest survival rate of all groups, including the poorest quartiles in all three European regions.

While less access to health care and weaker social structures can explain the gap between the wealthy and poor in the US, it doesn't explain the differences between the wealthy in the US and the wealthy in Europe, the researchers note. There may be other systemic factors at play that make Americans uniquely short-lived, such as diet, environment, behaviors, and cultural and social differences. "If we want to improve health in the US, we need to better understand the underlying factors that contribute to these differences -- particularly amongst similar socioeconomic groups -- and why they translate to different health outcomes across nations," Papanicolas said. The findings have been published in the New England Journal of Medicine.

An anonymous reader shares a report: Amazon has put in a last-minute bid to acquire all of TikTok, the popular video app, as it approaches an April deadline to be separated from its Chinese owner or face a ban in the United States, according to three people familiar with the bid.

Various parties who have been involved in the talks do not appear to be taking Amazon's bid seriously, the people said. The bid came via an offer letter addressed to Vice President JD Vance and Howard Lutnick, the commerce secretary, according to a person briefed on the matter. Amazon's bid highlights the 11th-hour maneuvering in Washington over TikTok's ownership. Policymakers in both parties have expressed deep national security concerns over the app's Chinese ownership, and passed a law last year to force a sale of TikTok that was set to take effect in January.

A federal judge struck down Arkansas' Social Media Safety Act, ruling it unconstitutional for broadly restricting both adult and minor speech and imposing vague requirements on platforms. Engadget reports: In a ruling (PDF), Judge Timothy Brooks said that the law, known as Act 689 (PDF), was overly broad. "Act 689 is a content-based restriction on speech, and it is not targeted to address the harms the State has identified," Brooks wrote in his decision. "Arkansas takes a hatchet to adults' and minors' protected speech alike though the Constitution demands it use a scalpel." Brooks also highlighted the "unconstitutionally vague" applicability of the law, which seemingly created obligations for some online services, but may have exempted services which had the "predominant or exclusive function [of]... direct messaging" like Snapchat.

"The court confirms what we have been arguing from the start: laws restricting access to protected speech violate the First Amendment," NetChoice's Chris Marchese said in a statement. "This ruling protects Americans from having to hand over their IDs or biometric data just to access constitutionally protected speech online." It's not clear if state officials in Arkansas will appeal the ruling. "I respect the court's decision, and we are evaluating our options," Arkansas Attorney general Tim Griffin said in a statement.

Samsung teased its "AI Vision Inside" refrigerators at January's CES tradeshow. (Its internal sensors can now detect 37 different fresh ingredients and 50 processed foods, generating lists for your cellphone or a screen on your refrigerator's door.)

But the refrigerators are part of a larger "AI Home" lineup of screen-enabled appliances with advanced AI features, and Engadget got to see them all together this weekend at Samsung's Bespoke AI conference in Seoul, Korea: The centerpiece of the Bespoke line remains Samsung's 4-door French-Door refrigerator, which is now available with two different-sized screens. There's a model with a smaller 9-inch screen that starts at $3,999 or one with a massive 32-inch panel called the Family Hub+ for $4,699. The former is ostensibly designed for people who want something a bit more discreet but still want access to Samsung's smart features, which includes widgets for your calendar, music, weather, various cooking apps and more. Meanwhile, the larger model is for families who aren't afraid of having a small TV in their face every time they open their fridge. You can even play videos from TikTok on it, if that's what you're into....

For cooking, Samsung's matte glass induction cooktops are mostly the same, but its Bespoke 30-inch single ($3,759) and double ($4,649) wall ovens have...you guessed it, more AI. In addition to a 7-inch display, there are also cameras and sensors inside the oven that can recognize up to 80 different recipes to provide optimal cooking times. But if you prefer to go off-script and create something original, Samsung says the oven will give you the option to save the recipe and temperature settings after cooking the same dish five times. And for a more fun application of its tech, the oven's cameras can record videos and create time-lapses of your baked goods for sharing on social media.

When it's time to clean up, Samsung's $1,399 Bespoke Auto Open Door Dishwasher has a few tricks of its own. In this case, the washer uses AI (yet again) and sensors to more accurately detect food residue and optimize cleaning cycles...
There's also an "AI Jet Ultra Cordless Stick" vacuum cleaner, which "uses AI to better detect what surface its on to more effectively hoover up dirt and debris."

Interestingly, in January Samsung's refrigerators also got a mention in iFixit's "Worst of CES" video.

Though it's stock price is still up 200% from its IPO in March of 2024 — last week Reddit's stock had dropped nearly 50% since February 7th.

And then this week, it dropped another 10%, reports Bloomberg, citing both the phenomenon of "volatile technology stocks under pressure" — but also specifically "the gloomy sentiment around Reddit..." The social media platform has struggled to recover since an earnings report in February showed that it is failing to keep up with larger digital advertising peers such as Meta Platforms Inc. and Alphabet Inc.'s Google, which have higher user figures. Reddit's outlook seemed precarious because its U.S. traffic took a hit from a change in Google's search algorithm.

In recent weeks, the short interest in Reddit — a proxy for the volume of bets against the company — has ticked up, and forecasts for the company's share price have fallen. One analyst opened coverage of Reddit this month with a recommendation that investors sell the shares, in part due to the company's heavy reliance on Google. Reddit shares fell more than 5% in intraday trading Friday. "It's been super overvalued," Bob Lang, founder and chief options analyst at Explosive Options said of Reddit. "Their growth rate is very strong, but they still are not making any money." Reddit had a GAAP earnings per share loss of $3.33 in 2024, but reported two consecutive quarters of positive GAAP EPS in the second half of the year...

At its February peak, Reddit's stock had risen over 500% from the $34 initial public offering price last March. Some of the enthusiasm was due to a series of deals in which Reddit was paid to allow its content to be used for training artificial intelligence models. More recently, though, there have been questions about the long-term growth prospects for the artificial intelligence industry.
"On Wall Street, the average price target from analysts has fallen to about $195 from $207 a month ago," the article points out. "That still offers a roughly $85 upside from where shares closed following Thursday's 8% slump..."

Meanwhile Reuters reported that more than 33,000 U.S. Reddit users experienced disruptions on Thursday according to Downdetector.com. "A Reddit spokesperson said the outage was due to a bug in a recent update, which has now been fixed."

"I am having conversations every day with people whose careers are sort of over," a 53-year-old film and TV director told the New York Times: If you entered media or image-making in the '90s — magazine publishing, newspaper journalism, photography, graphic design, advertising, music, film, TV — there's a good chance that you are now doing something else for work. That's because those industries have shrunk or transformed themselves radically, shutting out those whose skills were once in high demand... When digital technology began seeping into their lives, with its AOL email accounts, Myspace pages and Napster downloads, it didn't seem like a threat. But by the time they entered the primes of their careers, much of their expertise had become all but obsolete.

More than a dozen members of Generation X interviewed for this article said they now find themselves shut out, economically and culturally, from their chosen fields. "My peers, friends and I continue to navigate the unforeseen obsolescence of the career paths we chose in our early 20s," Mr. Wilcha said. "The skills you cultivated, the craft you honed — it's just gone. It's startling." Every generation has its burdens. The particular plight of Gen X is to have grown up in one world only to hit middle age in a strange new land. It's as if they were making candlesticks when electricity came in. The market value of their skills plummeted...

Typically, workers in their 40s and 50s are entering their peak earning years. But for many Gen-X creatives, compensation has remained flat or decreased, factoring in the rising cost of living. The usual rate for freelance journalists is 50 cents to $1 per word — the same as it was 25 years ago... As opportunities and incomes dwindle, Gen X-ers in creative fields are weighing their options. Move to a lower-cost place and remain committed to the work you love? Look for a bland corporate job that might provide health insurance and a steady paycheck until retirement?
The article includes several examples of the trend:

• One magazine's photo studio director says professional photographers have been replaced by "a 20-year-old kid who will do the job for $500."

• The article adds that "When photography went digital, photo lab technicians and manual retouchers were suddenly as inessential as medieval scribes." (And "In advertising, brands ditched print and TV campaigns that required large crews for marketing plans that relied on social media posts."")

• An editor at Spin magazine remembers the day its print edition folded...

And besides competition from influencers, there's also AI, "which seems likely to replace many of the remaining Gen X copywriters, photographers and designers. By 2030, ad agencies in the United States will lose 32,000 jobs, or 7.5 percent of the industry's work force, to the technology, according to the research firm Forrester."

Meanwhile the cost of living has skyrocketed, the article points out — even while Gen X-ers "are less secure financially than baby boomers and lack sufficient retirement savings, according to recent surveys..."

An anonymous reader quotes a report from The Verge: A concert on Monday night at New York's Radio City Music Hall was a special occasion for Frank Miller: his parents' wedding anniversary. He didn't end up seeing the show -- and before he could even get past security, he was informed that he was in fact banned for life from the venue and all other properties owned by Madison Square Garden (MSG). After scanning his ticket and promptly being pulled aside by security, Miller was told by staff that he was barred from the MSG properties for an incident at the Garden in 2021. But Miller says he hasn't been to the venue in nearly two decades.

"They hand me a piece of paper letting me know that I've been added to a ban list," Miller says. "There's a trespass notice if I ever show up on any MSG property ever again," which includes venues like Radio City, the Beacon Theatre, the Sphere, and the Chicago Theatre. He was baffled at first. Then it dawned on him: this was probably about a T-shirt he designed years ago. MSG Entertainment won't say what happened with Miller or how he was picked out of the crowd, but he suspects he was identified via controversial facial recognition systems that the company deploys at its venues.

In 2017, 1990s New York Knicks star Charles Oakley was forcibly removed from his seat near Knicks owner and Madison Square Garden CEO James Dolan. The high-profile incident later spiraled into an ongoing legal battle. For Miller, Oakley was an "integral" part of the '90s Knicks, he says. With his background in graphic design, he made a shirt in the style of the old team logo that read, "Ban Dolan" -- a reference to the infamous scuffle. A few years later, in 2021, a friend of Miller's wore a Ban Dolan shirt to a Knicks game and was kicked out and banned from future events. That incident spawned ESPN segments and news articles and validated what many fans saw as a pettiness on Dolan and MSG's part for going after individual fans who criticized team ownership. "Frank Miller Jr. made threats against an MSG executive on social media and produced and sold merchandise that was offensive in nature," Mikyl Cordova, executive vice president of communications and marketing for the company, said in an emailed statement. "His behavior was disrespectful and disruptive and in violation of our code of conduct."

Miller responded to the ban, saying: "I just found it comical, until I was told that my mom was crying [in the lobby]. I was like, 'Oh man, I ruined their anniversary with my shit talk on the internet. Memes are powerful, and so is the surveillance state. It's something that we all have to be aware of -- the panopticon. We're [being] surveilled at all times, and it's always framed as a safety thing, when rarely is that the case. It's more of a deterrent and a fear tactic to try to keep people in line."