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Last month, the company rolled out a new temporary "Spring Bonus," which he said was called Spring Bonus and not the "permanent bonus program" because he wanted to set expectations. For Instagram's bonus program to be successful, it would need to meet three criteria, according to Mosseri:It's a sustainable model, and Meta is not "burning cash." 'The thing I'm most excited about is subscriptions'The bonus program wasn't the only feature top of mind for Mosseri. Advertisement"The thing I'm most excited about is subscriptions," Mosseri said. And while it isn't useful for every creator, Instagram recently announced that there are now 2 million active subscriptions to creators on the app.
Persons: , Adam Mosseri, Mosseri, — Haley Kalil, Hassan Khadair —, Instagram, she's, Kalil, I'm, TikTok, Snapchat, We're, That's, it's, YouTube's Organizations: Service, Meta's, YouTube, Business, Meta Locations: York
The FCC fined four US network providers nearly $200 million for illegally sharing customer data. AdvertisementThe Federal Communications Commission fined four US wireless carriers close to $200 million for illegally sharing access to customers' location data. The FCC said on Monday that these phone companies sold customers' location data to "aggregators," who resold access to the data to companies that provide location-based services. The FCC said dozens of location-based services accessed phone companies' customer data without ensuring consumer consent, even after the phone companies were aware of the links. In response to the FCC fines, all three phone providers said they expect to appeal the decision.
Persons: , Jessica Rosenworcel, Ron Wyden Organizations: FCC, Service, Federal Communications Commission, Verizon, Mobile, Sprint, Companies, CNN
Washington CNN —The US government has issued millions of dollars in fines to AT&T, Sprint, T-Mobile and Verizon after an investigation found the nation’s top wireless carriers had illegally shared customers’ personal data without their consent. The fines target a practice in which carriers shared user location information with data resellers, known in the industry as “location aggregators.” These aggregators passed the data onward to their own third-party customers. “Each carrier attempted to offload its obligations to obtain customer consent onto downstream recipients of location information, which in many instances meant that no valid customer consent was obtained,” the FCC said in a release. In response to the FCC fines, all of the wireless carriers said they expect to appeal the decision. We take our responsibility to keep customer data secure very seriously and have always supported the FCC’s commitment to protecting consumers, but this decision is wrong, and the fine is excessive.
Persons: Trump, perversely, , , Oregon Democratic Sen, Ron Wyden, Wyden, ” Wyden Organizations: Washington CNN, Mobile, Verizon, Federal Communications Commission, FCC, Sprint, ” Verizon, Oregon Democratic Locations: Securus
Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."
Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S
Some restaurants are connecting callers to an AI voice service to place DoorDash and Uber Eats orders. Many people now place delivery orders online, but Kea's founder says restaurants sometimes struggle to handle phone orders. AdvertisementA new voice AI service means diners can place delivery orders with services like DoorDash and Uber Eats via phone call. The AI guides them through the transactions, including suggesting add-ons and recommending items they got in previous orders, Ahmad said. The delivery platforms that Kea can refer orders to are DoorDash, Uber Eats, Postmates, Grubhub, and Favor, Ahmad said.
Persons: DoorDash, Uber, Kea, , Adam Ahmad, Ahmad, Siri, , who'll, Olo, They'd, We're, NDAs — Organizations: Voice, Service, California Fish Locations: Kea, California
Long-form video is making a comeback on social media. As early as August 2023, creators told Business Insider they were earning tens of thousands of dollars per month from it. The data also said viewership of longer videos had increased nearly 40% over the previous six months. The report defines media and entertainment creators as accounts that are not brands, influencers, or aggregators of content. Tubular LabsYouTube has long been a go-to social platform for media publishers due to its landscape format and easy adaptability from TV.
Persons: It's, TikTok, ReesaTeesa, John Cassillo Organizations: Labs, Business, Beta
The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. Its broad obligations affect six of the world’s largest tech companies: Amazon, Apple, Google, Meta, Microsoft and ByteDance, the parent company of TikTok. While the law could increase demand for tech companies to extend EU-specific features to other markets, few platforms have shown signs they plan to do so. Tech pushes backBut some tech companies have pushed back on the DMA, warning that it could lead to unintended consequences. “The changes the DMA requires will inevitably cause a gap” between EU users’ security and the security Apple users enjoy outside the EU, it added.
Persons: Meta’s, Apple, Bing, Elon Musk’s, “ Fortnite, , Agustin Reyna, , Apple’s, ” Apple, Reyna, ” BEUC, Tim Sweeney, Meta —, Daniel Friedlaender, CCIA, Friedlaender, Olesya Dmitracova Organizations: Washington CNN, Apple, Google, Union citizens, Big Tech, Spotify, Netflix, Digital Markets, Meta, Microsoft, European Commission, EU, YouTube, Epic, Consumer, Tech, Games, CNN, Computer, Communications Industry Association Locations: United States, Europe
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday. Thrasio and other Amazon aggregators raised billions of dollars from investors looking to cash in on the third-party seller rollup craze. Aggregators bought up promising products and storefronts on Amazon, to use their data and operational expertise to turbocharge sales. WATCH: What's behind the big hype and billion-dollar aggregator start-ups buying Amazon seller brands
Persons: Prosper, Thrasio, Greg Greeley, Aggregators, Josh Silberstein, Carlos Cashman Organizations: Amazon, fizzle, CNBC Locations: Las Vegas , Nevada, New Jersey, Greeley
A San Francisco pizzeria appears to operate more than 70 virtual brands on DoorDash selling falafel, pasta, and wings. AdvertisementA pizzeria in San Francisco appears to operate more than 70 different virtual brands on DoorDash. Restaurants sometimes design their own virtual brands, but they can also host other virtual brands. Uber Eats removed 8,000 last spring and summer and DoorDash says it will remove brands that virtual brands quality requirements. Reddit users didn't seem surprised to discover that the Polk Street address operates a network of virtual brands.
Persons: Redditor, , N'Sert, Hoodline, We're, Fresco, DoorDash, Uber, they've, Philly, Polk Organizations: San, Service, DoorDash, Business, Polk, Fresco Inc, Google, Cupid's Locations: San Francisco, Burger, DoorDash
Wall Street experts are able to delve into the details and determine which stocks might have the best prospects for the long term. Here are five stocks favored by the top pros on the Street, according to TipRanks, a platform that ranks analysts based on their past performance. Saleh holds the 504th position among more than 8,600 analysts on TipRanks. (See Domino's Options Activity on TipRanks)Palo Alto NetworksAnother BTIG analyst, Gray Powell, is bullish on cybersecurity company Palo Alto Networks (PANW). Feinseth ranks No.337 among more than 8,600 analysts on TipRanks.
Persons: Peter Saleh, Saleh, Uber, Gray Powell, Powell, billings, Goldman Sachs, Kash Rangan, Rangan, TipRanks, Ivan Feinseth, Feinseth Organizations: Domino's, TipRanks, Palo Alto Networks, Google Cloud, Tigress, Intel Locations: Palo, billings, TipRanks
He wants to cut through the noise to help people understand which side hustles actually work, are relatively easy to start, and can make money. Below are a few of the side hustles Ryan told Insider about in the new interview. iVueitIf you want a side hustle to work around your employment schedule, Ryan recommends trying property inspection app iVueit . AdvertisementAdvertisementUser-generated contentRyan previously told Insider about his success making user-generated content or UGC, using a platform called JoinBrands. Sells said JoinBrands can be a good side hustle because brands are interested in all different kinds of people to make user-generated content.
Persons: Ryan, , Ryan doesn't, he's, hustles Ryan, I've, Ian Sells, Sells Organizations: Service, Walmart, Amazon, UGC
We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.
Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, , Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, , kevin roose Jack, Jack, , Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans
A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsJOHANNESBURG, Oct 17 (Reuters) - South Africa's Competition Commission will investigate whether digital platforms like Meta (META.O) and Google (GOOGL.O) were unfairly competing with news publishers by using their content to generate ad revenue, it said on Tuesday. The Commission will be investigating among other things market features that may distort competition for advertising revenue between news media organisations and digital platforms, and whether these are affected by imbalances in bargaining power. The inquiry will include general search engines such as Alphabet's Google and Bing, social media platforms such as Meta and X, news aggregation platforms, video sharing platforms such as YouTube and TikTok, and ad networks such as Google Ads. It will also examine generative artificial intelligence such as OpenAI's ChatGPT and how it uses original news content in its output, the Commission added.
Persons: Dado Ruvic, Doris Tshepe, James Hodge, Nqobile Dludla, Josie Kao Organizations: REUTERS, Rights, Africa's, Google, YouTube, Thomson Locations: Rights JOHANNESBURG
Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.
Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German
Barclays identified several European stocks that it says could benefit from an environment of falling inflation. As interest rates remain elevated, inflation is expected to fall further toward the European Central Bank's 2% target in the coming months. The below table highlights 10 "disinflation winners" from Barclays with the biggest upside: Delivery Hero Among the stocks highlighted, shares of food delivery company Delivery Hero had the biggest upside potential. Lloyds Banking Group Barclays expects shares of U.K.-based lender Lloyds Banking Group to rise 64% over the next 12 months to £0.70 ($0.89). Together with falling provision risks we expect higher profits to drive outsized capital returns," said Barclays' analysts led by Aman Rakka in a note to clients on July 27.
Persons: Emmanuel Cau, Andrew Ross, Aman Rakka, Larissa van Deventer Organizations: Barclays, Central, Lloyds Banking Group Barclays, Lloyds Banking Group, Lloyds, Legal, General Barclays Locations: U.S
Unlike many restaurants that work with Uber, Domino's will use its own delivery drivers to get orders to customers. But CFO Sandeep Reddy said the Uber Eats deal should reverse sluggish sales by 2024. Under the deal, Domino's will be listed on the Uber Eats platform, but the pizza deliveries will be made by Domino's. Weiner, who replaced Allison in May 2022, said on Monday's conference call that the Uber Eats deal will bring in new customers. Weiner noted that the Uber Eats deal includes securing "control of our customer data."
Persons: Uber, Domino's, Russell Weiner, Weiner, Sandeep Reddy, Richard Allison, Domino's . Weiner, Allison, That's, we've Organizations: Service Locations: Wall, Silicon, aggregators
New York CNN —Domino’s is still suffering declines in its delivery business. But Domino’s (DPZ) still doesn’t want to use outside delivery drivers. Nathan Papes/Springfield News-Leader/USA Today Network/ImagnWeiner said that Domino’s is getting more applications for delivery drivers now than it did in 2019, an encouraging sign. In addition to the electric vehicles, Domino’s has more than 1,000 non-EV cars in its fleet, Weiner said on Monday. By using its own drivers, Domino’s has more control over the delivery experience.
Persons: New York CNN — Domino’s, Uber, Russell Weiner, Nathan Papes, Imagn Weiner, Domino’s, , Weiner, Sandeep Reddy, ” Reddy, Reddy, Christopher Carril, ” Weiner Organizations: New, New York CNN, Chevy, Springfield News, USA, RBC Capital Markets Locations: New York,
Domino's Pizza inks a deal with Uber Eats
  + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. Customers can soon order Domino’s full menu on Uber Eats and Postmates, with a partnership announced Monday that is scheduled to roll out nationwide by the end of the year. And in 2021 Domino’s even gave away $50 million in free food to counter the “surprise fees” from delivery apps. “Other food delivery apps charge customers with hidden city or service fees,” the company said at the time. However, Domino’s employees will still deliver the pizza rather than Uber Eats drivers, Weiner said.
Persons: It’s, , Russell Weiner, Uber, Domino’s, weren’t, Weiner, Sandeep Reddy Organizations: New, New York CNN, Wall Street Locations: New York, United States
New features include giving customers the ability to edit tips after the delivery is complete. The company is also giving its gig workers the choice to earn their pay per hour, instead of by delivery order. Customers can add or increase a tip for drivers on the app up to 30 days after delivery. At DoorDash, consumers won't be able to reduce tips after delivery, the company said. DoorDash is also launching SNAP benefits for online payments for grocery delivery with brands such as Safeway, Albertsons, Meijer, Aldi, and 7-Eleven.
Persons: , Rajat Shroff, DoorDash's, Shroff, Austin Haugen, Uber, Sergio Avedian, DoorDash, Cody Aughney, Aughney Organizations: Service, Consumers, Logistics, Dasher & Logistics, Safeway, Albertsons Locations: DoorDash, Los Angeles, Canada, Australia, Meijer, Aldi
Domino's is using Google Maps tech to launch Pinpoint Delivery. Domino's has seen a slowdown in its delivery business due to inflationary pressures on customers. The pizza chain, which bills itself as a tech chain that happens to sell pizza, is leveraging Google Maps technology to deliver pizzas to locations without addresses, such as parks, beaches, and baseball fields. Domino's is leveraging Google Maps tech for Pinpoint Delivery. There's no extra cost for Pinpoint Delivery, which comes as inflationary pressures have hurt Domino's delivery business.
Persons: Domino's, , Christopher Thomas, Moore, Carl Orsbourn, Sandeep Reddy, Reddy Organizations: Google, Service, Oppenheimer, Commerce, NPD
TikTok is the fastest growing social network in the report, used by 20% of 18- to 24-year-olds for news, up five percentage points from last year. Trust in the news has fallen by 2 percentage points in the last year, reversing gains made in many countries at the peak of the coronavirus pandemic. On average, 40% of people say they trust most news most of the time. Across markets, 56% of people say they worry about identifying the difference between real and fake news on the internet – up 2 percentage points from last year. Reporting by Helen Coster; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Rasmus Nielsen, Helen Coster, David Gregorio Our Organizations: YORK, Reuters Institute for, Journalism, Reuters, U.S, Trust, United, Thomson Reuters Foundation, Thomson Reuters, Thomson Locations: United States
It's important to put a lot of research into your charger purchase when you shop for an EV. Right now, about 80% of all EV charging is done at home when your car is stationary for the longest time, Sequeria said. GM has addressed this by integrating the charging purchase into the vehicle purchase at the dealership, he said. (More on EV charging types and levels here). Learn more about how your local utility charges for electricityNot all states are the same when it comes to charging for charging.
Monitoring Financial Institution Compliance
  + stars: | 2023-05-01 | by ( ) www.reuters.com   time to read: +41 min
Compliance MonitorshipsA compliance monitor (also called an independent examiner or independent compliance consultant) is an impartial party appointed by the government to detect the root causes of the institution’s compliance failures. The purpose of a compliance monitor is not to address a particular compliance failure or punish the institution. Responded to compliance issues, in a timely manner and in a way that demonstrates that the institution takes compliance issues seriously. Compliance Department EmployeesThe monitor must evaluate the adequacy of compliance department employees, including the number of compliance employees, their experience, and their expertise. Assess the Compliance SystemsThe monitor typically engages compliance technology experts, who have specific knowledge of coding and compliance technology software, to test and evaluate the institution’s compliance systems.
But my e-commerce success really started after I launched my coffee accessories brand, Kaffe, on Amazon in mid-2019. I spent day and night thinking about the best way to position the coffee grinder so it would get to the top of Amazon's rankings. My sales started to grow. Amazon has its own coffee grinder that it sells under its Amazon Basics private label, and it retails for a couple of dollars less than Kaffe's does. On Amazon, you're either growing, or you're really dying, and the fees will eat you alive if you're not doing any volume.
The idea that e-commerce will keep growing forever, and betting on it will lead to an almost inevitable rising tide, didn't survive the pandemic. Public flame-outs of entire categories of startups, like ultra-fast deliveries and Amazon seller aggregators, have further demonstrated the boom-and-bust nature of pandemic e-commerce investing. Apple's recent moves to give consumers more online privacy has had ripples through the e-commerce ecosystem, leading investors to take a beat. E-commerce logistics — fulfillment and last-mile delivery — said Sloane is fairly well-saturated at this point, he said. For many retailers, the pandemic offered a harsh lesson in how integrated their stores and their websites weren't, she said.
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