Business/Technology

Lisbon’s Web Summit begins as tech executives consider Trump’s comeback.

News Mania Desk / Piyal Chatterjee / 11th November 2024

This week, Web Summit, Europe’s largest annual digital conference, will take place in Lisbon. There, lawmakers and business executives will discuss the advantages and disadvantages of Donald Trump retaking the White House. High-ranking European officials will be joined by senior executives from companies like Apple (AAPL.O), Microsoft (MSFT.O), and Meta (META.O) for discussions on social media regulation, the future of artificial intelligence, and the potential effects of a second Trump presidency on the continent.

In the past, Trump has pledged to put an end to the conflict between Russia and Ukraine within 24 hours of becoming office. Alex Bornyakov and Mykhailo Fedorov, two top Ukrainian government officials, will speak on stage a few days after Trump’s reelection to talk about how Ukraine has remained innovative despite the war.

Among those in attendance is John Adam, chief revenue officer of software development company Aimsoftpro. Approximately 70% of the company’s employees remain in Ukraine, while the remaining employees have moved throughout Europe since the start of the conflict in 2022.

There’s mixed feelings because the Trump approach looks like it’s more geared towards the present lines of conflict, which is not an ideal scenario for Ukraine, and there’s a reluctance to accept that. At the same time, we would like this to have an endpoint,” he said.

Elon Musk, a tech tycoon and outspoken Trump supporter, is not anticipated to attend, but he will be a recurrent subject due to his involvement in Ukraine through the satellite service Starlink, his success with SpaceX, and his contentious leadership of the social media network X, formerly Twitter.One panel will discuss whether Musk “destroyed Twitter,” while another will discuss how Europe might create a domestic competitor to SpaceX. Joe Benarroch, who resigned in June as head of business operations and X’s de facto spokesperson, will participate in a panel discussion on “What to do about social media.”

Historically, Trump has been highly critical of online moderation,” he said. “To avoid political retribution, major social networks are likely to continue the trend of becoming significantly more permissive with content they allow on their platforms.”

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