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Musk Buys Twitter Stock, Truth Social a ‘Ghost Town,’ American Broadband’s New CFO

Elon Musk bought a chunk of Twitter shares after expressing dissatisfaction with the platform’s free speech decisions.

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Photo of former-President Donald Trump speaking CPAC in 2011.

April 4, 2022 – SpaceX founder and longtime Twitter critic Elon Musk became the largest shareholder of Twitter after purchasing 9.2 percent of the social media company’s stock.

The news of Musk’s purchase broke when Securities and Exchange Commission filings were made public on Monday, resulting in Twitter’s stock price jumping by 22 percent. Musk has not kept his criticism of Twitter a secret.

On March 26, echoing many conservative lawmakers, he tweeted a twitter poll where he posed the question, “Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” 70.4 percent of respondents answered “no.”

Musk than sub-tweeted a response, stating, “The consequences of this poll will be important. Please vote carefully,” later tweeting, “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?”

Musk has not explicitly stated whether or not his decision to purchase the stock was directly tied to the results of the poll.

Given Musk’s recent Tweets and condemnation of the platform, there is speculation that he will use his new position as Twitter’s largest shareholder to exercise greater influence in how Twitter is managed.

With more than 80 million followers, Musk has the eighth largest following on Twitter and maintains an active presence on the platform.

Donald Trump’s second attempt at a social media platform founders

Trump’s Twitter copycat Truth Social continues to be plagued by technical problems, leading to a delayed deployment and a stunted audience, according to reports.

Reporters for Business Insider this weekend described the social media platform as “a conservative ghost town that had been overrun by bots.” The platform has been experiencing technical issues since it launched in February.

As of Monday, according to BBC reporting, there were nearly 1.5 million registrants on a waiting list to gain access to their accounts. Devin Nunes, the CEO of Trump Media & Technology Group, said that the platform’s goal was to be operational by the end of March, according to the Guardian.

Truth Social represents Trump’s second attempt to create a social media platform.

In May of 2021, following Trump’s forced exodus from Twitter and most other social media in January following the 2021 attack on the Capitol, Trump started “From the Desk of Donald J. Trump,” a short-lived website whereby Trump could communicate with his followers, though the public had no mechanism for communicating back, short of “liking” or sharing his posts. The web page was shut down less than one month after its activation.

Keith Soldan to serve as American Broadband CFO

On Monday, American Broadband Holding Company announced Keith Soldan’s appointment as the company’s chief financial officer.

“Keith is a skilled financial strategist with a proven record of delivering results,” said American Broadband CEO Chris Eldredge in a press release. “Our commitment remains to be the premier broadband service provider to communities across America.”

This is not Soldan’s first time serving as a CFO. He spent more than 20 years in the telecommunications industry and most recently served as executive vice president and CFO of communications company Fusion Connect.

Reporter Ben Kahn is a graduate of University of Baltimore and the National Journalism Center. His work has appeared in Broadband Breakfast, Washington Jewish Week, and The Center Square, among other publications. He primarily covers Big Tech and spectrum policy.

Broadband Roundup

Digital Equity Foundation Guide, UScellular Selects Ericsson for 5G, Brightspeed Targets

A policy paper recommends how a federally funded digital equity entity should be funded and structured.

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Michael Calabrese, director of New America’s Wireless Future Project

May 25, 2022 – A policy paper released Wednesday outlined recommendations for a federally funded Digital Equity Foundation, including how it should be structured and funded.

New America’s Open Technology Institute and the Philanthropic thru Privatization report recommends the foundation focus on having a stable endowment to maintain the its annual support, an ability to raise outside funds, to have advisory groups with a broad range of expertise to guide the foundation, and to have transparency principles that would see it have federal appointees and report regularly to the Senate and House commerce committees.

The paper comes after a joint note from New America and the Johns Hopkins Center for Civil Society Studies in April 2021 to Congress for funding for the foundation. At least 75 organizations support the Digital Equity Foundation.

“A federally funded Digital Equity Foundation isn’t a radical concept. Rather, it’s a common-sense policy solution to a longstanding national problem,” said Chuck Bell, a project associate for the PtP Project. “This proposed foundation would meet vital community needs, fit with longstanding legal precedents, and provide sustainable national funding to bridge the digital divide for millions of underserved Americans.”

Michael Calabrese, director of New America’s Wireless Future Project, said that even with the billions in broadband investments from the Infrastructure, Investment Jobs Act – which provides funding for digital equity – we won’t close the digital divide without “sustained investments in digital literacy and adoption efforts at the community level.”

UScellular selects Ericsson for C-band deployment

UScellular, the nation’s fourth-largest wireless carrier, announced Wednesday an agreement that will see Swedish telecom equipment supplier Ericsson help the telecom build out its 5G network using the C-band spectrum.

The telecom looks to use the spectrum to build out its fixed wireless network.

“Ericsson’s advanced mid-band coverage extension functionality with Carrier Aggregation network solutions will increase coverage and capacity for UScellular customers both at home and on the go,” said a press release Wednesday.

“Ericsson has a valued, long-standing relationship with UScellular, and we share their commitment to providing a resilient and sustainable network through the use of industry-leading innovations, ultimately elevating the customer experience,” Eric Boudriau, Ericsson’s vice president and head of customer unit regional carriers, said in the release.

Brightspeed announces first-year build target for its fiber network

On Wednesday, telecom company Brightspeed announced first-year plans for its proposed $2 billion network transformation plan, including an aim to have one million new fiber passings across rural and suburban regions of the U.S. and reaching close to three million homes and businesses by the end of 2023.

The company said it is optimistic the first deployment will take place in North Carolina in a few weeks and will serve as a company blueprint for future applications.

“We have already begun design and construction preparations necessary to hit the ground running on day one. We will be well-equipped to quickly deliver on our mission to bring ultra-fast, reliable Internet and Wi-Fi to more homes and businesses” said Bob Mudge, CEO of Brightspeed.

The company said its network is expected to provide more than one gigabit per second download speeds.

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Broadband Roundup

Court Strikes Social Media Law, Industry Likes Cyber Initiative, Meta Data Transparency Project

Key provisions in the social media law signed by Gov. Ron DeSantis was found unconstitutional by an appeals court.

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Photo of Kelly Rozumalski, senior vice president at Booz Allen Hamilton, from Careers Info Security

May 24, 2022 – The 11th Circuit Court of Appeals ruled in a unanimous 3-0 decision Monday that key provisions in Florida’s social media censorship law is unconstitutional, following a preliminary injunction granted by a Florida judge last year.

The social media law, signed by Governor Ron DeSantis, would have prohibited companies from banning politicians on their platforms and limit their content moderation and editorial decisions, claiming that social media platforms are suppliers of a platform who should have no hand in the flow of information. The law was adopted following a number of high-profile Republican figures were banned from social media platforms, including former President Donald Trump from Twitter.

But the court found that provisions that allowed for the law to prevent tech platforms from removing political figures and posts by political candidates – key provisions in the law – were unconstitutional, affirming the court’s decision when it temporarily stopped the law from taking effect until it made a final determination. The court, however, found some provisions regarding data and disclosure requirements to remain in force.

The ruling came in response to a lawsuit issued by NetChoice and Computer and Communications Industry Association.

The decision comes nearly two weeks after a federal appeals court temporarily lifted restrictions on a similar law in Texas until the courts can make a final determination.

The court said in its decision that, “not in their wildest dreams could anyone in the Founding generation have imagined Facebook, Twitter, YouTube, or TikTok. But whatever the challenges of applying the Constitution to ever-advancing technology, the basic principles of freedom of speech and the press, like the First Amendment’s command, do not vary when a new and different medium for communication appears.”

Industry commends Biden administration for progress on federal cybersecurity

Experts are applauding the White House’s progress in the year since President Joe Biden signed an executive order to focus on cybersecurity, according to The Hill, specifically highlighting the improvements in sharing threat information from government to private sector.

“I think the public-private partnership portion of the executive order has really been key,” said Kelly Rozumalski, senior vice president at IT consulting firm Booz Allen Hamilton, explaining that the Cybersecurity and Infrastructure Security Alliance has now partnered with numerous companies in the private sector to push for cybersecurity.

“I’ve seen much more directive, actionable steps coming out now and I think the executive order is a big reason for that,” added Chris Wysopal, chief technology officer of Veracode. “[The order] sort of changed the status quo from best practices to practicality.”

The executive order in May of 2021 introduced several initiatives to secure federal networks and critical infrastructure against cyberattacks, which included sharing threat information, modernizing federal cybersecurity standards, and improving software supply chain security.

The order was enacted amid major cyberattacks, including oil transport company Colonial Pipeline and software company SolarWinds. As a result of the order, said The Hill, many companies are taking software security more seriously and require that suppliers sell them upgraded and secure software.

In March, Congress passed the Cyber Incident Reporting for Critical Infrastructure Act, which requires private sector companies to report incidents of cyberattacks to the federal government.

Meta announces data transparency project

Meta, the parent company of Facebook, Instagram, and WhatsApp, announced on Monday the Facebook Open Research and Transparency project, which will grant access to researchers to data on how political advertising can be targeted on their platforms.

Meta, according to New York times, has given outsiders access into how political ads were used in the past, but only with certain restrictions. Meta claims that “by making advertiser targeting criteria available for analysis and reporting on ads run about social issues, elections, and politics, we hope to help people better understand the practices used to reach potential voters.”

The project will be initiated by the end of the month. The data will allow researchers to see what interest categories advertisers chose for each post. Meta will also include summaries of targeting information the Ad Library which is currently publicly available.

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Broadband Roundup

D.C. Attorney General Sues Zuckerberg, Carr Criticizes Infrastructure Bill Details, Vermont to Expand Fiber Builds

The lawsuit comes years after Facebook was found to have been used to harvest personal data for political purposes.

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Federal Communications Commission Commissioner Brenden Carr

May 23, 2022 – On Monday, Washington D.C. Attorney General Karl Racine sued Meta CEO Mark Zuckerberg for alleged consumer privacy violations revealed during the Facebook-Cambridge Analytica scandal that broke in 2018.

In his office’s filings with the D.C. Superior Court, Racine argued that “Facebook is far from a disinterested platform” and that it “[derives] enormous wealth from acquiring and monetizing the data of [billions of people] leading their lives in Facebook’s digital ecosystem.

“But even that is not enough,” the filing read. “Facebook is in a relentless pursuit to expand its reach on humanity and bring an ever-increasing number of people under its influence.”

To that end, the filings stated that “Cambridge Analytica used the Facebook Platform—in a way that Facebook and Zuckerberg encouraged—to influence and manipulate the outcome of a United States presidential election.”

As co-founder, CEO, chairman, and majority voting shareholder (Zuckerberg holds 60 percent of Meta’s voting shares according to the filings), Racine stated that Zuckerberg “maintains an unparalleled level of control over the operations of Facebook,” and thus bears the responsibility for its actions.

FCC Commissioner Carr says NTIA broadband infrastructure details picks “winners and losers”

Federal Communications Commissioner Brendan Carr released a statement expressing concern that the application details for broadband funding under the infrastructure bill released this month prioritizes one technology over others.

“[The notices of funding opportunity] will prevent states from funding projects that could quickly bridge the digital divide using those high-speed technologies in nearly all cases—putting too much of a thumb on the scale for fiber builds that provide robust service but can take years to build out in certain cases,” Carr said in a statement Thursday, but added, “I have no doubt that fiber projects would demonstrate their value in the lion’s share of cases.”

The week prior, the National Telecommunications and Information Administration’s released those funding details, which included an answer to a question about its technology preference for the builds. “With respect to the deployment of last-mile broadband infrastructure, the Program prioritizes projects designed to provide fiber connectivity directly to the end user,” the Commerce agency said in the 98-page NOFO.

Carr stated that this will “undoubtedly waste taxpayer dollars and leave families waiting on the wrong side of the digital divide.”

The Republican commissioner also condemned what he perceived as rate regulation and overbuilding.

“In the end, the Administration’s decision to pursue those political goals—rather than focusing on connecting the largest number of people as quickly as possible—will exacerbate the supply chain challenges and workforce shortages that already pose a hurdle to getting the job done.”

Vermont governor announces fiber grants

On Monday, Vermont Republican Gov. Phil Scott announced broadband grants totaling more than $16 million.

The grants will be focused on deploying more than 9,000 miles of fiber across Bolton and several other towns in the northeast corner of Vermont.

Scott was set to be joined by Vermont’s at-large congressional representative Democratic Rep. Peter Welch at 12 noon ET in Jericho, Vt., to formally unveil the project in question.

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