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Pop culture subreddit r/Fauxmoi is facing accusations of defamation from YouTuber and podcaster Ethan Klein. Klein first rose to internet fame through his YouTube channel, h3h3Productions, which he co-created with his wife, Hila Klein. The channel now boasts 5.71 million subscribers. The Kleins caught the attention of r/Fauxmoia subreddit inspired by the popular Instagram story page Deuxmoiafter Hila shared an Instagram story claiming that a potential collaboration fell apart due to antisemitism. In response, the subreddit was flooded with posts resurfacing alleged problematic behavior and controversial language used by the Kleins on camera. Ethan fired back at r/Fauxmoi, sharing the subreddit post with his two million Instagram followers, comparing the subreddit to a neo-Nazi forum. According to a follow-up post on r/Fauxmoi, Klein then escalated the situation further by going live on YouTube, where he launched into a tirade against multiple subredditsincluding r/Fauxmoiclaiming he was being mass gaslighted and declaring, Ive never seen anyone in the history of the internet be harassed like this. Klein went on to say that the criticism against him was so extreme that Russian propagandists would blush at the hate campaign going against us. During the livestream, Klein also issued veiled threats, saying, A lot of these people think theyre safe, but they will soon find out theyre not, while hinting that hes preparing stuff and working behind the scenes. He urged his followers to stand back and stand by because theres something in the works that I just cant wait for. In an interview with Kate Lindsay, who writes the Embedded Substack and co-hosts Slates podcast ICYMI, one of the lead moderators of r/Fauxmoi, an anonymous college student from Canada, describes how the situation has escalated to the point where two moderators were forced to delete their accounts due to the harassment and doxxing threats they were receiving. Most people discussed on the subreddit have meaningful public reputations to maintain, and this means that pursuing petty claims against social media users and engaging in conspiracy theories is perceived as being beneath their station, the mod told Lindsay. When it comes to influencers (particularly those whose content is based largely on engagement and feuds rather than substance), they are often more sensitive regarding their reputations, and have less PR and business savvy. (Neither Klein nor Reddit responded to Fast Company‘s request for comment.) But can a subreddit even be sued for defamation? Section 230 of the Communications Decency Act of 1996 states that online service providers cannot be held liable for content posted by users. This means that platforms like Reddit are not considered publishers of user-generated content. However, its still possible to sue for unfair content moderation. What this saga means for free speech on the internet, and the right to gossip and share information online, remains to be seen.
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Autodesk forecast annual revenue and profit above Wall Street estimates on Thursday, boosted by strong demand for its design and engineering software across industries such as construction and manufacturing. The company also said it would reduce its workforce by about 9%, representing roughly 1,350 employees, and laid out plans to invest more heavily in cloud and artificial intelligence, adding that it would reallocate resources towards those areas. Companies across sectors such as architecture, engineering, construction, and product design are making extensive use of Autodesk’s 3D design solutions, with the software maker’s artificial intelligence and machine learning capabilities further driving spending on its products. Autodesk saw a 23% jump in total billings to $2.11 billion in the fourth quarter ended January 31. The company’s international operations have particularly shown strength, while analysts have also noted that the company was outpacing peers in the manufacturing sector, driven by the performance of its “Fusion” design software. Shares of the San Francisco, California-based company were up about 2% in extended trading. Autodesk expects full-year revenue between $6.90 billion and $6.97 billion, largely above analysts’ average estimate of $6.90 billion, according to data compiled by LSEG. It projected an adjusted profit between $9.34 and $9.67 per share for its fiscal year 2026, also above the $9.24 per share estimated by analysts. The company reported total revenue of $1.64 billion in the fourth quarter, up 12% from last year and above analysts’ average estimate of $1.63 billion. It posted an adjusted profit of $2.29 per share, beating estimates of $2.14 per share. Deborah Sophia, Reuters
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E-Commerce
Its an understatement to say that cryptocurrency investors have not had a great week. Tokens across the board have seen double-digit falls, slashing thousands from their individual values. However, one of the most affected coins this week is also the worlds most popular cryptocurrency: Bitcoin. In the past five days alone, Bitcoins value has dropped more than 16%, and today, the coin fell below an important psychological barrier. Heres what you need to know about the likely reasons why Bitcoin and other cryptocurrencies are dropping. Bitcoin falls below $80,000 In early trading this morning, Bitcoin fell below the psychologically important $80,000 barrier. At the time of this writing, it is currently trading at around $79,900 per coin, though it had dropped to as low as around $78,400 earlier. When Bitcoin moves across a notable barrier like $60,000 or $100,000 (any increment of $10,000), it generally causes one of two reactions. If its move is increasing past the barrier, this tends to send optimism through the hearts of investorsHow high can it go? However, if its move falls under the barrier, this tends to generate fear and pessimismHow low can it go? What is startling about Bitcoins fall is that the coin was trading above $95,000 at the beginning of this week. But by Tuesday, Bitcoin had fallen below the $90,000 threshold. Now, just three days later, Bitcoin has fallen below $80,000. That means that as of the time of this writing, Bitcoin has lost about 16% of its value in the past five days alone. But it has gotten worse when looking out over the past month. During that time, Bitcoin lost more than 20% of its value. Bitcoin hasnt traded this low since shortly after President Trump won the election in November 2024. But its not just Bitcoin that is falling. Ethereum, XRP, DOGE, and TRUMP all down As of the time of this writing, other major cryptocurrencies and popular meme coins have all been down by a significant amount in the past day, according to data from Yahoo Finance and CoinMarketCap. Ethereum is down over 9% in the past 24 hours (and down over 24% in the past five days). XRP is down over 8.6% in the past 24 hours (and down over 20% in the past five days) Solana is down over 4% in the past 24 hours (and down over 20% in the past five days) Dogecoin is down over 10% in the past 24 hours (and down over 23% in the past five days) Official Trump is down over 13% in the past 24 hours (and down over 33% in the past seven days) Why are Bitcoin and other crypto dropping? When major assets drop, the first thing people want to know is why? Unfortunately, there are no firm answers to that, but there are two likely reasons why Bitcoin and other cryptocurrencies are seeing increased downward pressure this week. The first is Trumps tariffs. The president says he plans to levy tariffs on goods coming into the United States from many of Americas major trading partners, including Mexico, Canada, China, and EU member states. Those countries, in turn, are expected to retaliate with tariffs on American goods, which could result in an all-out trade war that leads to higher prices for consumers, more rapid inflation, and reduced household discretionary spending. In other words, people are worried that Trumps tariffs could negatively affect the economy. When the economy faces headwinds, investors tend to pull out of riskier and more volatile assetslike cryptocurrenciesin favor of placing their money into more stable assets. The second reason that may be contributing to cryptos fall this week is the ByBit hack from earlier this month that saw hackers steal $1.5 billion worth of cryptocurrencies. That heist, which is believed to be the largest ever crypto heist, has rattled crypto investors, making many feel that their cryptocurrency investments arent as secure as other investments, like stocks and properties. In other words, recent significant events are working against crypto’s favor. As for where Bitcoin and other cryptocurrencies go from here, thats anyones guess.
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E-Commerce
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