Friday☕️
Trending:
- Telegram Founder Charged
- Ford Scales Back DEI Initiatives
- Yesterday’s U.S. stock market:
- Yesterday’s commodity market:
- Yesterday’s crypto market:
Telegram Founder Charged:
- French authorities have recently charged Pavel Durov, the founder of the messaging app Telegram, with serious criminal offenses, including facilitating drug trafficking, money laundering, and the distribution of child sexual abuse material through his platform. Durov, whose platform boasts over 950 million active monthly users, was arrested on August 27th in France while returning from Azerbaijan. Although he was released on bail, he is prohibited from leaving the country. French officials cited Telegram's alleged failure to comply with judicial requests as a significant factor in bringing these charges.
- This case is groundbreaking, marking one of the first instances where the founder of a social media platform has been held criminally liable for content shared on the platform. Telegram’s robust end-to-end encryption has made it difficult for law enforcement to access user data, leading to criticism that the platform enables illegal activities. Durov, who operates Telegram from Dubai and holds dual citizenship in the UAE and France, now faces up to 10 years in prison if convicted.
- Durov's arrest has sparked a broader debate over the balance between online safety and freedom of expression. While some view Durov as a defender of free speech, others criticize Telegram for its lack of cooperation with law enforcement. Despite its own history of conflict with Telegram, the Russian government has condemned Durov’s detention, raising concerns about possible political implications. Telegram has defended its position, arguing that neither the platform nor its founder should be held responsible for the misuse of its services.
Ford Scales Back DEI Initiatives:
- Ford Motor Company has recently become the latest major U.S. corporation to scale back its diversity, equity, and inclusion (DEI) initiatives. This shift comes as part of a broader trend where companies across various industries are reevaluating their DEI commitments in response to evolving external pressures, including legal and political factors.
- Ford's changes include withdrawing from certain external diversity rankings and refocusing its employee resource groups on professional development rather than social advocacy. This decision reflects the company's effort to navigate a complex and increasingly polarized environment while maintaining its business objectives. Similar adjustments have been observed in other companies, such as Tractor Supply Co., John Deere, and Harley-Davidson, all of which have faced public pressure and have since scaled back their DEI efforts.
- Tractor Supply, for example, responded to a boycott by retracting specific DEI goals and reducing its involvement in social events that could be seen as controversial. Likewise, John Deere and Harley-Davidson have shifted their focus away from certain DEI activities, choosing instead to prioritize initiatives more closely aligned with their core business operations. This trend is not limited to the manufacturing and retail sectors; technology companies like Google, Microsoft, and Lyft have also made changes to their DEI programs.
- These modifications often involve reducing the scope or scale of DEI initiatives to better align with the companies' overall business strategies and to mitigate potential backlash. As more companies reassess their DEI strategies, the landscape of corporate inclusivity efforts is likely to continue evolving in response to both internal and external influences.
Statistic:
- Largest oil and gas companies by market cap:
- 🇸🇦 Saudi Aramco, $1.802T
- 🇺🇸 Exxon Mobil, $524.83B
- 🇺🇸 Chevron, $267.53B
- 🇬🇧 Shell, $225.66B
- 🇨🇳 PetroChina, $224.43B
- 🇫🇷 TotalEnergies, $160.48B
- 🇨🇳 CNOOC, $134.15B
- 🇺🇸 ConocoPhillips, $132.81B
- 🇨🇳 Sinopec, $110.85B
- 🇧🇷 Petrobras, $95.95B
- 🇬🇧 BP, $94.15B
- 🇺🇸 Southern Company, $93.91B
- 🇺🇸 Duke Energy, $87.25B
- 🇨🇦 Enbridge, $86.35B
- 🇨🇦 Canadian Natural Resources, $78.55B
- 🇦🇪 TAQA, $78.06B
- 🇳🇴 Equinor, $75.63B
- 🇺🇸 EOG Resources, $73.90B
- 🇦🇪 ADNOC Gas, $64.78B
- 🇺🇸 Enterprise Products, $63.48B
- 🇺🇸 Schlumberger, $62.72B
- 🇺🇸 Marathon Petroleum, $57.22B
- 🇺🇸 Phillips 66, $57.13B
- 🇷🇺 Rosneft, $55.83B
- 🇺🇸 Williams Companies, $55.44B
- 🇺🇸 Energy Transfer Partners, $54.61B
- 🇮🇩 Chandra Asri Petrochemical, $52.77B
- 🇺🇸 Oneok, $52.65B
- 🇺🇸 Occidental Petroleum, $52.41B
- 🇨🇦 Suncor Energy, $52.16B
- 🇮🇹 ENI, $52.15B
- 🇺🇸 Sempra Energy, $51.69B
- 🇺🇸 Pacific Gas and Electric, $51.25B
- 🇮🇳 Oil & Natural Gas, $49.44B
- 🇷🇺 Lukoil, $47.97B
- 🇨🇦 TC Energy, $47.56B
- 🇺🇸 Kinder Morgan, $47.54B
- 🇺🇸 Valero Energy, $45.43B
- 🇺🇸 MPLX, $43.62B
- 🇺🇸 Hess, $42.55B
- 🇺🇸 Cheniere Energy, $41.60B
- 🇨🇦 Imperial Oil, $41.01B
- 🇦🇺 Tamboran Resources, $38.24B
- 🇨🇦 Cenovus Energy, $35.17B
- 🇺🇸 Diamondback Energy, $35.10B
- 🇺🇸 Baker Hughes, $35.02B
- 🇦🇺 Woodside Energy, $34.91B
- 🇷🇺 Gazprom, $33.32B
- 🇷🇺 Novatek, $32.97B
- 🇺🇸 Targa Resources, $32.04B
- 🇮🇳 Indian Oil, $29.77B
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