President Donald Trump said “we have to do something” about social media companies. Getty Images President Donald Trump is again alleging that social media companies are biased against conservatives.During a joint press conference with Brazilian President Jair Bolsonaro on Tuesday, Trump said “we have to do something” about social media companies discriminating against conservatives on their platforms. “Something is happening with those groups of folks that are running Facebook, Google and Twitter,” said Trump. “I do think we have to get to the bottom of it … It’s collusive and it’s very, very fair to say that we have to do something about it.”Trump’s comments came after he was asked whether he’d consider laws that made social media platforms liable for content posted on their sites and his support for a $250 million lawsuit against Twitter over allegations of “shadow banning” conservatives. “It’s different from what it used to be. Things are happening, names are taken off, people aren’t getting through,” said Trump. “It seems to be if they’re conservative, if they’re Republicans, if they’re in a certain group, there’s discrimination, big discrimination.”Neither the White House nor Facebook nor Google immediately responded to requests for comment. Twitter declined to comment. This isn’t Trump’s first time alleging that social media companies are silencing conservative voices on their platforms. In August, Trump took to Twitter to accuse social media companies of “totally discriminating against Republican/Conservative voices.” His tweets also came amid more general concerns among some conservatives about perceived bias on the part of social media and tech companies.On Tuesday, Facebook apologized to Trump’s social media director, Dan Scavino, for temporarily blocking some contents on his account on Monday, according to CNN Business. Facebook’s artificial intelligence system reportedly mistook Scavino for a bot. Tags Share your voice 8 Comments Politics Internet Mobile Digital Media Facebook Google
Warren Buffett, founder of Berkshire Hathaway. (File picture)ReutersBillionaire investor Warren Buffett revealed his much-anticipated letter to Berkshire Hathaway shareholders on Saturday.Buffett’s letter to his company’s shareholders, an annual exercise undertaken for more than 50 years, is a closely watched event on Wall Street as investors parse the statement for insights and wisdom on the economy and financial markets.The entire letter can be found here.Here are some of the key highlights from the 16-page letter:In 2017, Berkshire saw its net worth grow $65.3 billion, boosting its per share book value by 23 percent. Of the total, only $36 billion came from Berkshire’s business operations while the remaining $29 billion was delivered when Congress rewrote the U.S. Tax Code. Buffett flagged risks associated with bonds. He said it is a terrible mistake for investors with long-term horizons – among them, pension funds, college endowments and savings-minded individuals – to measure their investment “risk” by their portfolio’s ratio of bonds to stocks. Often, high-grade bonds in an investment portfolio increase its risk. Buffett listed out fifteen common stock investments that at year-end had the largest market value. The stocks included, American Express, Apple Inc, Bank of America, The Bank of New York Mellon, BYD Co, Charter Communications, The Coca-Cola Co, Delta Airlines, General Motors, The Goldman Sachs Group, Moody’s Corp, Phillips, Southwest Airlines, U.S. Bancorp and Wells Fargo. Buffett said that the company’s search for new stand-alone businesses continues. The key qualities we seek are durable competitive strengths, able and high-grade management, good returns on the net tangible assets required to operate the business, opportunities for internal growth at attractive returns; and, finally, it should be available at a sensible purchase price. Buffett, 87, did not divulge much details on his successor. In January, he had narrowed down the list of people who could replace him to two veteran Berkshire executives, Greg Abel and Ajit Jain. “You and I are lucky to have Ajit and Greg working for us,” Buffett told shareholders at the end of the letter.