Twitter has announced that they will censor communication in some countries. This has sparked concern among users as the social media platform has become vital to pro-democracy movements around the world. How will this affect normal Twitter users? Which one of your tweets might be censored? Mark Gregory, technology correspondent for our partner the BBC, tells us more.
A deal reached last week by European Union leaders to sign an intergovernmental treaty to save the euro may be in jeopardy. Some European leaders fear they may have signed a deal that they cannot sell to their governments at home. The news comes as the value of the euro on Wednesday morning fell to its lowest level since the beginning of the year. The BBC's Mark Gregory reports on the latest from London.
The United States claims that China is deliberately keeping its currency between 25 and 40 percent undervalue, giving its manufactures an unfair advantage against imports and making Chinese exports even cheaper. As Treasury Secretary Timothy Geithner testifies before Congress at hearings designed to force China to revalue its currency, the BBC's Mark Gregory gives us the latest from London.
It still has to pass the House and Senate and be signed into law by President Barack Obama, but sweeping legislation on financial regulation is looking like it will be law soon, as both houses have reached a compromise on the language of the bill. As the President heads to Toronto this week for the G8 and G20 Summits, it will be news he can bring with him to participating countries as an example of the U.S. commitment to financial reform. How will the legislation and the President be received?
With over one million users posting 27.3 million tweets a day, one would expect Twitter to be a hugely profitable organization spread across the globe. But the truth is a little more nuanced than that. Twitter is a big company, one valued at over $1 billion by investors. But, by offering a free service to millions around the world, Twitter, like Facebook, has no immediately obvious way to actually make money.
So how does a company like Twitter stay in business? And what kind of business model can they employ to become profitable?
The Takeaway talks to BBC business correspondent Mark Gregory, who recently spoke with Biz Stone, one of Twitter's co-founders. Mark reports that Twitter does indeed have a plan or two to allow their company to turn a significant profit.
Oil prices rose above $61 a barrel in Asian trading this morning, recouping some losses after tumbling 17 percent last week. But gasoline reserves in the U.S. are growing, showing continuing low demand for crude. In Economics 101, you learn that when demand drops, so does price, so why are oil prices rising? Joining The Takeaway to analyze the turbulent oil market is BBC Business Correspondent Mark Gregory.