Social Media & Big Tech news and discussions
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Re: Social Media & Big Tech news and discussions
US TikTok ban would be 'devastating', UK firms warn
25 April 2024
A TikTok ban in the US could have a "potentially devastating" impact on some UK businesses, online traders are warning.
President Biden has signed into law a bill that gives TikTok's Chinese owner, ByteDance, nine months to sell its stake in the app or it will be blocked in the US. TikTok has said it will challenge this in court.
Some 1.5 million UK businesses operate on the app, according to TikTok.
Isobel Perl, founder of Perl Cosmetics in London, is worried about the possible impact of a ban as a quarter of her sales now come from the US.
Ms Perl founded her skincare and accessories business after losing her job during the pandemic and uses apps such as TikTok to drive traffic to her website.
https://www.bbc.co.uk/news/articles/c3gl5qly48qo
25 April 2024
A TikTok ban in the US could have a "potentially devastating" impact on some UK businesses, online traders are warning.
President Biden has signed into law a bill that gives TikTok's Chinese owner, ByteDance, nine months to sell its stake in the app or it will be blocked in the US. TikTok has said it will challenge this in court.
Some 1.5 million UK businesses operate on the app, according to TikTok.
Isobel Perl, founder of Perl Cosmetics in London, is worried about the possible impact of a ban as a quarter of her sales now come from the US.
Ms Perl founded her skincare and accessories business after losing her job during the pandemic and uses apps such as TikTok to drive traffic to her website.
https://www.bbc.co.uk/news/articles/c3gl5qly48qo
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Re: Social Media & Big Tech news and discussions
Tech firms face tougher online age checks - Ofcom
https://www.bbc.co.uk/news/articles/czrx13jj9p3o8 May 2024, 00:18 BST
Ofcom has warned social media sites they could be banned for under-18s if they fail to comply with new online safety rules.
The media regulator has published draft codes of practice which require tech firms to have more robust age-checking measures, and to reformulate their algorithms to steer children away from material they should not see.
But parents of children who died after exposure to harmful online content have described Ofcom's new rules as "insufficient" - one told the BBC change was happening "at a snail's pace."
In statements, Meta and Snapchat said they had extra protections for under-18s, and offered parental tools to control what children can see on their platforms.
Other firms have not responded to a BBC request for comment.
"We all have our time machines, don't we. Those that take us back are memories...And those that carry us forward, are dreams."
-H.G Wells.
-H.G Wells.
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Re: Social Media & Big Tech news and discussions
Facebook and Instagram suspected to be 'too addictive'
https://www.bbc.co.uk/news/articles/cv2d2j8y38lo16 May 2024, 12:09 BST
The European Union is investigating Facebook and Instagram over whether they are so addictive that they are having "negative effects" on the "physical and mental health" of children.
It will also scrutinise if have done enough to check whether users are old enough to use them, and how content is recommended to children.
A number of big tech firms are now under investigation for potential breaches of the EU's tough new Digital Services Act (DSA), and could be fined up to 6% of annual global turnover.
Meta, which owns both platforms, says it has "spent a decade developing more than 50 tools and policies" to protect children.
"This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission," it said.
"We all have our time machines, don't we. Those that take us back are memories...And those that carry us forward, are dreams."
-H.G Wells.
-H.G Wells.
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Re: Social Media & Big Tech news and discussions
^^^ Missing the trunk and the whole elephant.
Re: Social Media & Big Tech news and discussions
Trump’s Social Media Company Just Keeps Losing Money
by Russ Choma
May 21, 2024
Introduction:
by Russ Choma
May 21, 2024
Introduction:
Read more here: https://www.motherjones.com/politics/2 ... g-money/(Mother Jones) Donald Trump’s Truth Social stock might be doing better these days, but the company is still struggling to make money. In the first three months of 2024, it pulled in just $770,000 in advertising revenue. To put that in some context, Meta, the parent company of Instagram and Facebook, earned more revenue in just three minutes, on its way to making $36.4 billion in revenue over three months.
Truth Social posted those dismal revenue numbers in a public stock filing on Monday, but as anemic as the revenue numbers are, they aren’t even an improvement from last year. Despite all of Trump’s bluster and the publicity from finally going public, the platform actually saw it’s ad revenues drop from the same period last year, when the company reportedly earned a not-much-better $1.1 million in ad revenue.
The new filing also revealed that the company, which went public in March, lost about $13.1 million from first quarter operations, a dramatic uptick from last year’s $3.6 million. And that’s just the cost of doing business—when the company factored in the cost of going public and distributing shares to people who were owed pieces of the venture, it actually lost $327.6 million in the first three months of the year. It still has about $274 million in cash to play with, but none of this is a good sign for the company’s future.
The company’s current stock price would indicate a value of nearly $6 billion, of which Trump personally controls about $4 billion. That valuation seems hard to square with the company’s revenues, which currently amount to less than the sales at an average Chick-Fil-A franchise. On Monday, following the release of its new financial data, the stock price fell by roughly 9 percent by mid-afternoon.
The long-term outlook for the share price is particularly important for Trump, who cannot cash his shares out until September—six months from the stock going public—and so the value of his stake in the company is entirely theoretical, at least for now.
Don't mourn, organize.
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Re: Social Media & Big Tech news and discussions
Study shows relatively low number of superspreaders responsible for large portion of misinformation on Twitter
https://phys.org/news/2024-05-superspre ... ation.html
https://phys.org/news/2024-05-superspre ... ation.html
Re: Social Media & Big Tech news and discussions
PR Professionals Abandon X for LinkedIn
by Eleanor Hawkins
June 6, 2024
Introduction:
by Eleanor Hawkins
June 6, 2024
Introduction:
Read more here: https://www.axios.com/2024/06/06/pr-li ... muckrack(Axios) LinkedIn has toppled X (formerly Twitter) as the most useful social media platform for public relations professionals, according to Muck Rack's latest State of PR report.
Why it matters: Twitter historically served as a key resource for both journalists and communication professionals, but the usability of the platform has been questioned since Elon Musk took over in 2022.
By the numbers: Muck Rack surveyed 1,116 public relations professionals from April 4 to May 10, 2024, and found that most viewed LinkedIn as the social media platform they valued most — more than X, Instagram, Facebook and TikTok combined.
• 61% planned to increase their LinkedIn use, while only 15% planned to focus more on X and 11% on Facebook.
Zoom in: X previously was the second most used platform for pitching reporters — behind email — per the report.
• Now only 10% of PR professionals report using X for outreach, below even phone calls and text messages.
Don't mourn, organize.
-Joe Hill
-Joe Hill
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Re: Social Media & Big Tech news and discussions
They should try Reddit; it's been given a boost thanks to Google's shitty algorithm
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Re: Social Media & Big Tech news and discussions
firestar464 wrote: ↑Fri Jun 07, 2024 1:10 am They should try Reddit; it's been given a boost thanks to Google's shitty algorithm