Flickr Cofounder Questions Techs Impact on Humans

“Should this exist?” is not typically a question that technol­ogists ask themselves, Caterina Fake says. The Flickr cofounder turned investor says that most entrepreneurs and engineers will ask themselves, “Can this exist, could this exist, how can we gain the funding to make this exist? Those are the conversations we’ve been having for the past 15 to 20 years about technology.” But that narrative in tech is evolving, Fake tells WIRED on this week’s Gadget Lab podcast, from one of ideation, optimism, and changing the world to a stark reality in which technology can do as much harm as good. The cracks are showing, and suddenly, Fake says, “people are asking, ‘Whoa, what have we done? Is this what we …

Elon Musk’s lawyers say tweet did not violate court order

Financial regulators said a tweet from the Tesla chief executive violated a September fraud settlement The conceded last month that Musks tweet was not pre-approved. But the tweet Musk fired off after the markets closed merely restated prior disclosures on electric car production volumes, the lawyers wrote on Monday, did not disclose material information and did not alter the mix of data available to investors. The settlement between Musk, Tesla and the SEC resolved an SEC lawsuit over claims Musk had made on Twitter last year that he had funding secured to take Tesla private at $420 per share. As part of that settlement, Musk stepped down as the companys chairman and he and Tesla agreed to pay $20m each …