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May 24, 2022

social media

Snap’s ad warning hits Facebook and Google shares. We say don’t join the sellers

CNBC
by CNBC025
CNBC – For more and to sign up click here The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images......
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Snap falls 39% on pace for worst day ever, dragging other stocks with it

CNBC
by CNBC022
CNBC – For more and to sign up click here Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 39% on Tuesday,......
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Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone

CNBC
by CNBC022
CNBC – For more and to sign up click here Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t......
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Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says

CNBC
by CNBC01
CNBC – For more and to sign up click here Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of just over $30,000. “When you break below......
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IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets

CNBC
by CNBC017
CNBC – For more and to sign up click here DAVOS, Switzerland — Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD and luna that sent shockwaves through the cryptocurrency......
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DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal

CNBC
by CNBC030
CNBC – For more and to sign up click here District of Columbia Attorney General Karl Racine announces a civil lawsuit against extremist groups the Proud Boys and Oath Keepers, over the deadly Jan. 6 attack on the U.S. Capitol, at the Capitol in Washington, December 14, 2021. Jonathan Ernst......
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The US is letting its people be radicalized through social media

NYPost
by NYPost01
Rachel Bovard In the wake of the tragic shooting in Buffalo, much has been made of the role social media has played in radicalizing the shooter. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free......
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How Elon Musk’s Twitter takeover plans shook Wall Street and social media

CNBC
by CNBC033
CNBC – For more and to sign up click here Elon Musk wears many hats as Tesla CEO, SpaceX CEO, and founder of the Boring Company and Neuralink. He’s also a prolific Twitter user. The news that Musk made a $44 billion offer to buy Twitter and potentially become the......
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Democratic senators concerned about phone location data being used to track people seeking abortions

CNBC
by CNBC01
CNBC – For more and to sign up click here U.S. Senator Amy Klobuchar speaks during a protest outside the U.S. Supreme Court after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade......
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Musk denies ‘wild accusations’ against him in an apparent reference to harassment report

CNBC
by CNBC030
CNBC – For more and to sign up click here SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station.......
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New bipartisan bill would force Google to break up its ad business

CNBC
by CNBC036
CNBC – For more and to sign up click here U.S. Senator Mike Lee (R-UT) speaks during the U.S. Supreme Court nominee Judge Amy Coney Barrett’s confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, D.C., October 13, 2020. Demetrius Freeman | Pool | Reuters A new......
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting

CNBC
by CNBC02
CNBC – For more and to sign up click here New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially motivated shooting......
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Facebook’s IPO 10 years later — new name, same CEO and a familiar problem

CNBC
by CNBC023
CNBC – For more and to sign up click here A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company’s growth, even though it did “not currently directly generate any meaningful revenue” at the time. That......
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China has signaled easing of its tech crackdown — but don’t expect a policy U-turn

CNBC
by CNBC037
CNBC – For more and to sign up click here China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of......
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Twitter loses three more senior employees ahead of Musk deal

CNBC
by CNBC02
CNBC – For more and to sign up click here The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images Three more senior employees are leaving Twitter ahead of Elon Musk’s anticipated buyout, CNBC confirmed Tuesday. Ilya Brown, vice president of product......
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Elon Musk says Twitter deal ‘cannot move forward’ until he has clarity on bot numbers

CNBC
by CNBC025
CNBC – For more and to sign up click here Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk has said his $44 billion purchase of Twitter will not move ahead until he has more clarity on how many accounts are fake.......
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Musk reportedly says Twitter deal at lower price ‘not out of the question’

CNBC
by CNBC033
CNBC – For more and to sign up click here Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal......
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Twitter CEO explains how the company actually fights spambots in rebuttal to Musk

CNBC
by CNBC028
CNBC – For more and to sign up click here Twitter CEO Parag Agrawal on Monday laid out how the social media company fights fake and spam accounts on the platform. The information, posted in a lengthy Twitter thread, comes just days after Elon Musk said he would put his $44......
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Trump’s free to use Twitter if Musk lifts his ban, but he has to post on Truth Social first

CNBC
by CNBC034
CNBC – For more and to sign up click here Former President Donald Trump speaks to supporters during a rally at the I-80 Speedway on May 01, 2022 in Greenwood, Nebraska. Scott Olson | Getty Images Former President Donald Trump will partially restrict himself on social media, even if Elon......
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Amazon’s Bezos again blasts Biden administration on inflation, says it’s most hurtful to the poor

CNBC
by CNBC038
CNBC – For more and to sign up click here Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff......
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