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Elon Musk's X, Mark Zuckerberg-Owned Facebook, And TikTok Face Stricter Regulations As Malaysia And Singapore Tighten Oversight On Social Media To Combat Online Scams
Wednesday, July 24, 2024 - 1:39am | 686Malaysia and Singapore are intensifying their regulation of social media and online marketplaces to tackle the rise in online scams and protect minors. What Happened: Malaysia will require platforms like Meta Platforms Inc. (NASDAQ:META) owned Facebook, Elon Musk‘s X, and ByteDance-owned...
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New Instagram Study to Investigate Social Media's Effects On Teen Mental Health
Thursday, July 18, 2024 - 4:24pm | 428Meta Platforms Inc’s (NASDAQ:META) Instagram has initiated a pilot program in collaboration with the Center for Open Science (COS), permitting selected researchers to access its data. This move aims to investigate the potential impact of social media on the mental well-being of teens and...
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Elon Musk's X Found In Breach Of EU Digital-Content Law, Faces Potential Fine Of Up To 6% Of Global Turnover
Friday, July 12, 2024 - 6:56am | 579Elon Musk’s social media platform X has been found in violation of the European Union’s online content law. The preliminary decision by the EU’s executive arm could result in a fine for the company. What Happened: The European Commission’s decision on Friday was the...
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Elon Musk's X Corp. Wins $500M Severance Lawsuit: Judge Rules Laid-Off Twitter Employees' Claims Not Covered Under ERISA
Wednesday, July 10, 2024 - 2:14am | 459Elon Musk‘s X Corp., formerly known as Twitter, and the billionaire himself have successfully defended a lawsuit seeking $500 million in severance pay for thousands of employees laid off after the acquisition of social media company in 2022. What Happened: A lawsuit was filed against X Corp....
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Meta Faces Backlash Over Instagram, Threads Political Content Settings
Wednesday, June 26, 2024 - 12:53pm | 512In a surprising turn of events, Meta Platforms Inc‘s (NASDAQ:META) Instagram and Threads users have discovered an unexpected alteration to their political content settings, sparking a wave of discontent and concern among users and industry experts alike. According to The Verge, many users,...
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Mark Zuckerberg's PR Team Couldn't Stop Him From Posting: 'My Spine Has Been Surgically Removed,' Said Former Facebook Exec
Wednesday, June 26, 2024 - 6:59am | 737In a recent revelation, it has been disclosed that Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg went ahead with a social media post despite his PR team’s objections, causing a stir within the company. What Happened: In September 2021, Zuckerberg’s PR team was thrown into a...
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Reddit Stock Surges Nearly 9% After Announcing New Platform Update To Block Automated Content Scraping Following Reports Of Leading AI Startups Ignoring Rules
Wednesday, June 26, 2024 - 2:41am | 552Social media platform Reddit Inc. (NYSE:RDDT) witnessed a significant surge in its stock value after the company announced a policy update to block automated website scraping. What Happened: Reddit’s stock rose by almost 9% following the announcement of a new policy. The company, in a blog...
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Instagram Algorithm Continues To Recommend Sexual Content To Teen Accounts Despite Meta's Promises: Report
Thursday, June 20, 2024 - 6:48am | 698Despite Meta Platforms Inc (NASDAQ:META), formerly Facebook, promising to provide an age-appropriate experience for young users, it has been revealed that Instagram‘s algorithm continues to recommend sexually explicit content to accounts of teenagers. What Happened: The Wall Street Journal...
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Being A Social Media Influencer May Look All Rosy And Shiny On The Outside, But It's Not That Easy: Only 13% Reportedly Made Over $100K Last Year
Wednesday, June 19, 2024 - 5:38am | 705Last year, a mere 13% of influencers managed to earn over $100,000, highlighting the challenges of making a living in the digital content creation space. What Happened: During a segment on CNBC’s Last Call on Tuesday, Clint Brantley, a prominent Fortnite streamer on TikTok and other...
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US Surgeon General Calls For Warning Labels On Social Media Due To Mental Health Risks
Monday, June 17, 2024 - 9:43am | 660In a recent development, Surgeon General Dr. Vivek H. Murthy has called for the introduction of warning labels on social media platforms. He cites significant mental health risks for adolescents as the primary reason behind this proposal. What Happened: Dr. Murthy, in an op-ed published in the New...
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A Day After Shutting Down Tesla Phone Rumors, Elon Musk Says It Is 'Not Out Of The Question'
Tuesday, June 11, 2024 - 5:42am | 591Merely a day after shutting down rumors of a Tesla-branded smartphone, X owner Elon Musk is singing a different tune, saying it is "not out of the question." What Happened: Musk now thinks a smartphone running on a custom open-source operating system is possible, likely in partnership with a...
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New 'Gossip' App Fizz Leads To Widespread High School Bullying, Raises Concerns Over Teen Anxiety: Report (Updated)
Monday, June 10, 2024 - 9:59am | 664Editor’s Note: This story has been updated with comments from a Fizz spokesperson. The launch of a new gossip app, Fizz, at a Vermont high school has reportedly led to widespread bullying and controversy, reigniting concerns about the impact of social media on teen mental health. What...
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Unskippable Ads On Instagram? Platform Tests 'Ad Breaks' Feature
Monday, June 3, 2024 - 5:06pm | 388Meta Platform Inc.’s (NASDAQ:META) Instagram is experimenting with a new feature called “ad breaks” that compels users to pause and view an advertisement for a designated period before continuing to scroll. Matthew Tye, an Instagram spokesperson, confirmed the trial in dialogue...
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Meta's Instagram Expands 'Limits' Feature Amid Criticism Over Teen Safety
Thursday, May 30, 2024 - 9:38am | 660In response to mounting criticism over inadequate safeguards for teenagers, Meta Platforms Inc.'s (NASDAQ:META) Instagram is extending its "Limits" feature to enhance user protection against online harassment. What Happened: Instagram’s "Limits" feature, initially created to help creators...
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Shark Tank's Kevin O'Leary Wants To Buy TikTok: Can 'Mr. Wonderful' Save It From US Ban?
Wednesday, May 29, 2024 - 2:49pm | 484The Chinese-owned social media platform TikTok has become increasingly popular among U.S. citizens in recent years. After a recently signed U.S. law requiring parent company ByteDance Ltd. to divest U.S. operations or face a ban, speculation abounded regarding a potential American buyer. Could...