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☆ Tesla's reign as EV king is fizzling, so Elon Musk has his sights set on a new goal — turning X back into Twitter
▼ + stars: | 2024-04-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Tesla's stock is down over 10% in the last year, and Elon Musk's net worth has also fallen. Lately, social media platform X has begun to look more like regular old Twitter. With his social media venture, X, that seems to mean returning to the app to the pre-Musk days of plain old Twitter. Musk and representatives for Tesla and X did not respond to requests for comment from Business Insider. "Honestly, the best thing that Twitter can do to regain its position is to sideline Musk.

Persons: Tesla, Musk, —, Elon, Gabor Cselle, CNN's Oliver Darcy, David Camp, Metaforce, Camp, X, Cselle, Ed Zitron, Kim Kardashian, Jay, Zitron, Linda Yaccarino, Yaccarino, he's Organizations: Elon, Service, Twitter, NBC News, Variety, Business, Camp Locations: China, Texas

☆ Elon Musk's X begins rewarding 'influential' users with blue checks, free subscriptions to platform
▼ + stars: | 2024-04-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Elon Musk's social media site X began rolling out free premium features, including verification badges known as "blue checks," to select users late Wednesday in an effort to reward what it calls "influential" people on the platform. For most users, X Premium is a paid subscription service that can be opted into. By subscribing, users get access to exclusive features, like the option to display a blue checkmark on their profile. X CEO Linda Yaccarino shared Musk's post late Wednesday as the features began rolling out. It is not clear how long users will have access to free premium features, or if it will be possible for them to opt out of the service.

Persons: Elon, Musk, Linda Yaccarino Organizations: X Help, CNBC, Twitter, Disney, Apple Locations: U.S

☆ Elon Musk’s X names new head of safety, more than a year after former safety leader’s exit
▼ + stars: | 2024-04-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

McRoberts’ elevation to the role comes more than a year after the company’s former safety leader, Yoel Roth, who oversaw what was then called the Trust and Safety team, resigned in the wake of Musk’s takeover. In its announcement, X said McRoberts has previously worked on other X safety features including labels that inform a user if their content is being restricted. In a post last month, Musk said he would change the name of X’s “Trust and Safety” team to simply the “Safety” team. We are changing the name of our Trust & Safety group, to simply @Safety,” Musk said. The goal of our Safety team is simply to ensure compliance with the laws that already exist to protect the people.”

Persons: New York CNN —, it’s, Kylie McRoberts —, Linda Yaccarino, Yoel Roth, X, White, Yale Cohen, Yaccarino, Musk, Pizzagate ”, McRoberts, ” X, ” Musk, ” Organizations: New, New York CNN, New York CNN — Elon, Twitter, Trust and Safety, Publicis Media, Google, Safety, & Safety Locations: New York, Austin , Texas, “

☆ Boeing just pulled a classic corporate America move and promoted a woman to clean up its mess
▼ + stars: | 2024-03-26 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Boeing named Stephanie Pope the new CEO of its commercial airlines division on Monday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStephanie Pope knows Boeing well: a third-generation employee, she joined the company in 1994. Pope did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Stephanie Pope, —, Pope, Stan Deal, Michelle Ryan, Elon Musk, Linda Yaccarino, Yaccarino, Carly Fiorina, Marissa Mayer, Sue Gove, Calhoun Organizations: Boeing, Service, BCA, Boeing Global Services, Twitter, HP, Yahoo, Bed, Business Insider

☆ Europe investigates Big Tech’s use of generative AI
▼ + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Regulators at the European Commission say they’re particularly concerned about how generative AI could sow chaos in the run-up to this summer’s EU parliamentary elections. Online platforms will have until April 5 to respond to questions about steps they’ve taken to prevent AI tools from spreading election misinformation. The companies’ responses could be incorporated into a series of election security guidelines for tech platforms the European Commission plans to finalize by March 27, another commission official said. The AI investigation also covers a broader set of topics including how platforms are addressing generative AI’s impact on user privacy, intellectual property, civil rights and children’s safety and mental health. “One of the grievances we have is the ability to manipulate the service through automated means and this can include generative AI, so yes, there’s a link to the ongoing investigation,” one of the commission officials said.

Persons: “, ”, Linda Yaccarino, Thierry Breton Organizations: CNN, European Union, Meta, Microsoft, Commission, Digital Services, Elon Locations: Israel, EU

☆ Donald Trump once offered to sell Truth Social to Elon Musk, report says
▼ + stars: | 2024-03-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Donald Trump once suggested that Elon Musk should buy Truth Social, The Washington Post reported. The talks went nowhere last summer, but Trump has continued to promote the idea to his circle. Truth Social has faced financial challenges in recent months. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump reportedly once offered to sell Truth Social to Elon Musk, The Washington Post reported.

Persons: Donald Trump, Elon, Trump, —, Elon Musk, Linda Yaccarino Organizations: The Washington Post, Social, Service, Business

☆ Why can’t we stop calling X, Twitter?
▼ + stars: | 2024-02-23 | by ( Saira Mueller | ) edition.cnn.com time to read: +10 min

While some people (mainly fans of Musk) have embraced the X brand, most have not. Many people, both online and in person, still call the platform Twitter, and refer to posts as tweets. WHY ARE WE STILL CALLING THIS PLATFORM TWITTER. Even when you do see X, it's framed as "X, formerly Twitter". So the brand is what they say it is… it’s not that customers can’t stop calling it Twitter, it’s that they won’t.”

Persons: it’s, adieu, Elon Musk, — Jack Scalfani, ”, — Sherrye Pomeroy, Linda Yaccarino, It’s, ” Ramon Jimenez, Wolff Olins, “, ” Marty Neumeier, —, Musk, ’, Zoë Schiffer, Schiffer, Josh Adelson, X, x.com, ” Musk, wasn’t, Neumeier, “ It’s, ’ ” Elon Musk, Alain Jocard, James Withey, Kirill Kudryavtsev, Withey, — Sandy Horne Organizations: CNN, Twitter, Premium, Twitter Twitter, Global, Merriam, Webster, Oxford English, Liquid Agency, Elon, Musk, Twitter Inc, X Corp, Getty, The New York Times, Apple, Adobe, Google, Strategy, Innovation, Nissan, Datsun Locations: @sherrye_pomeroy, San Francisco, Paris, AFP, Frankfurt, Germany, @SandyHorne61

Tech executives from Adobe, Amazon, Google, Meta, Microsoft, OpenAI and TikTok gathered at the Munich Security Conference to announce a new voluntary framework for how they will respond to AI-generated deepfakes that deliberately trick voters. Thirteen other companies — including IBM and Elon Musk's X — are also signing on to the accord. Instead, the accord outlines methods they will use to try to detect and label deceptive AI content when it is created or distributed on their platforms. That pressure is heightened in the U.S., where Congress has yet to pass laws regulating AI in politics, leaving AI companies to largely govern themselves. Many social media companies already have policies in place to deter deceptive posts about electoral processes — AI-generated or not.

Persons: TikTok, Elon Musk's, ”, Nick Clegg, ” Clegg, Joe Biden’s, Suharto, Jeff Allen, McAfee, —, Linda Yaccarino Organizations: . Tech, Adobe, Google, Meta, Microsoft, Munich Security, IBM, Elon, Facebook, “, Federal Communications Commission, Integrity Institute, Arm Holdings, Twitter, Associated Press, AP Locations: U.S, San Francisco

☆ Snap plunges 30% on revenue miss and light guidance, as Middle East conflict creates 'headwind'
▼ + stars: | 2024-02-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Revenue : $1.36 billion vs. $1.38 billion expected, according to LSEG. : $1.36 billion vs. $1.38 billion expected, according to LSEG. Global Daily Active Users : 414 million vs. 412 million expected, according to StreetAccount. : 414 million vs. 412 million expected, according to StreetAccount. Daily active users for the first quarter will be 420 million, Snap said, slightly topping analyst estimates of 419.3 million.

Persons: Evan Spiegel, Porte, Debra Aho Williamson, Mark Zuckerberg, Linda Yaccarino, Shou Zi Chew, Jason Citron, Pinterest Organizations: Inc, Viva Technology, Porte de, CNBC, Meta Locations: Paris, Israel

☆ Loss, pain, harm: Grieving parents set the tone at this week’s tech CEOs hearing. It could change things
▼ + stars: | 2024-02-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —Wednesday’s online youth safety hearing with some of the world’s leading social media CEOs was unlike the many that came before it in recent years. During the hearing, Zuckerberg and Spiegel, along with the CEOs of TikTok, Discord and X, also faced calls to meet with the families affected by their platforms. And Wednesday night, after the event, some parents said the apologies did not go far enough. X CEO Linda Yaccarino thanked the “parents, families, and young people” who attended the hearing in a post on the platform. “We just saw yesterday the extent of the damage that this has done, these platforms have done,” he said.

Persons: Mark Zuckerberg, Evan Spiegel, Zuckerberg, Spiegel, Bridget Norring, “, Joe Benarroch, Linda Yaccarino, ”, ” Clint Smith, ” Snap’s Spiegel, Charlie, Connecticut Democrat Sen, Richard Blumenthal, ” Minnesota Democrat Sen, Amy Klobuchar, they’d, New York Democrat Sen, Chuck Schumer, …, Schumer, ” Sam Chapman, Missouri Republican Sen, Josh Hawley, Dick Durbin, Hawley, we’re, –, Brian Fung, Morgan Rimmer Organizations: New, New York CNN, CNN, ”, Meta, Connecticut Democrat, ” Minnesota Democrat, New York Democrat, Missouri Republican, Democratic Locations: New York, Snapchat, Connecticut, ” Minnesota

☆ Mark Zuckerberg has a new look
▼ + stars: | 2024-02-03 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Mark Zuckerberg was forced to stand up and apologize to the parents of dead children in the room. Zuckerberg has kept his hair short over the last decade. AdvertisementLet's investigate:Mark Zuckerberg walks into the Senate with a new growth. Kevin DietschAnd yet here, the hair doesn't look long at all; it's barely touching the top of his collar:Here, the hair is just slightly down his neck.

Persons: —, Mark Zuckerberg, Linda Yaccarino, Sen, Tom Cotton, Zuckerberg, Caesar, he's, Alex Wong, Anna Moneymaker, Kevin Dietsch, BRENDAN SMIALOWSKI, Champ, Brittany Stevens Organizations: Service, Meta, Business, Pillsbury, Senate, Alex Wong Computer, USA

☆ How X Is Trying to Win Over Influencers
▼ + stars: | 2024-02-02 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

The last time Don Lemon sat down to film a TV segment in April, he perched on a stool in front of the glaring lights of a CNN studio. He will begin his next act, “The Don Lemon Show,” on X, the platform formerly known as Twitter. In its former life as Twitter, the social media service never quite figured out how to attract influencers — and the money that comes with them. Linda Yaccarino, X’s chief executive, is now relying on her television industry ties to make the site a destination for video creators. If successful, the effort could bring advertisers and eyeballs back to the platform after its owner, Elon Musk, excoriated brands and told them not to spend their money with X.

Persons: Don Lemon, Lemon, X, influencers, Linda Yaccarino, Elon Musk Organizations: CNN, Twitter

☆ A Senate hearing with top tech CEOs about online child safety had plenty of fireworks
▼ + stars: | 2024-02-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the grilling tech CEOs got during a contentious Senate hearing, with one notable exception. The big storyTech on trialAnna Moneymaker/Getty ImagesTech CEOs testified in a Senate hearing that turned into the type of fiery debates found on their social-media platforms. Executives for Meta, TikTok, X, Snapchat, and Discord were grilled by US lawmakers during a contentious Senate hearing on online child sexual exploitation. The most shocking moment involved Meta CEO Mark Zuckerberg, BI's Lauren Steussy reports.

Persons: —, we're, Anna Moneymaker, Aaron Mok, Camilo Fonseca, Mark Zuckerberg, BI's Lauren Steussy, GOP Sen, Josh Hawley, Zuckerberg, Shou Zi Chew, Republican Sen, Tom Cotton, Linda Yaccarino, Alex Wong, Chew, X's Yaccarino, BI's Katie Notopoulos, Yaccarino, Katie, It's, there's, Sen, Lindsey Graham, We've, Jerome Powell, Win McNamee, Troy Rohrbaugh, Jamie Dimon, it's, Jeff chiu, Alyssa Powell, Byron Allen, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Service, Tech, Getty Images Tech, Meta, GOP, Republican, Chinese Communist Party, Pew, Big Tech, Federal Reserve, Paramount, Getty, Apple Locations: Washington, Washington ,, New York, London

☆ Senators Grilled Tech Executives on Child Safety
▼ + stars: | 2024-01-31 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Five of the country’s most prominent tech executives appeared at a hearing today on Capitol Hill, where they were berated by lawmakers for creating “a crisis in America” by ignoring the spread of child sexual abuse material on their platforms. Members of the Senate Judiciary Committee spent almost four hours needling the chief executives of Meta, TikTok, X, Snap and Discord. Some said the companies had “blood on their hands” and that users “would “die waiting” for them to make changes. The senators pressured the executives to say on the record if they support the Kids Online Safety Act, a bipartisan bill backed by dozens of senators but opposed by the A.C.L.U. Only Evan Spiegel of Snap and Linda Yaccarino of X said yes.

Persons: Evan Spiegel, Linda Yaccarino, X, Mark Zuckerberg, ” Zuckerberg Organizations: Meta, Electronic Frontier Foundation, Facebook Locations: America

☆ Big Tech CEOs are headed to DC to face the Senate over child safety online
▼ + stars: | 2024-01-31 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

Congress is set to grill leaders from Meta, X, TikTok, and other tech companies in a hearing Wednesday. The session will cover efforts to protect children from sexual exploitation online. This will be X CEO Linda Yaccarino's first time testifying before Congress. AdvertisementTech leaders are arriving in Washington, DC, voluntarily or not, to answer for their platforms' efforts to protect kids from sexual exploitation. Over the weekend, X announced plans to hire 100 full-time workers for a yet-to-be-opened content moderation hub in Austin aimed at addressing child sexual exploitation on its platform.

Persons: Linda Yaccarino's, —, X —, Elon Musk, Axios, She'll, Mark Zuckerberg, Evan Spiegel, TikTok, Shou Zi Chew, Jason Citron, Meta, We're, X Organizations: Meta, Service, Tech, Elon, Wall, Journal, The New York Times, Times Locations: Washington , DC, Austin

☆ Google's layoffs already impacted its culture. Now they're affecting its bottom line.
▼ + stars: | 2024-01-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at highlights from two of the world's biggest tech companies' earnings reports, including how much layoffs cost for one of them. Tech: Tech CEOs will testify before Congress today for a hearing on child safety. Mateusz Wlodarczyk/Getty ImagesThere's been plenty of speculation about what Google's mass layoffs last year meant for its famous culture. Jerod Harris/Getty ImagesCongress is set to grill some of the biggest names in tech today. Leaders from Meta, X, TikTok, and other tech companies will face questions over their platforms' efforts to protect children from sexual exploitation online.

Persons: It's, Sundar Pichai, Mateusz Wlodarczyk, Sarah Jackson, Satya Nadella Stephen Brashear, Hisham Ibrahim, Jerome Powell's, Claudia Sahm, Powell, Linda Yaccarino, Jerod Harris, Linda Yaccarino's, Jack Dorsey's Block, Dorsey, Brooks Kraft, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Tech, Google, Microsoft, Getty, Bloomberg, JPMorgan, Meta, Elon Musk's, Brooks Kraft LLC, Los Angeles Times, UPS, Bureau of Labor Statistics, Amazon, Boeing, Mastercard Locations: Chipotle, New York, London

☆ Linda Yaccarino and X got off easy at the Senate hearing
▼ + stars: | 2024-01-31 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

At the Senate hearing on child exploitation and social media, X CEO Linda Yaccarino wasn't grilled like her peers. Most of the focus was on Meta CEO Mark Zuckerberg and TikTok CEO Shou Zi Chew. Yaccarino said that less than 1% of X users in the US are under the age of 18. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . TikTok CEO Shou Zi Chew also was frequently put in the hot seat, but a big chunk of that was over the app's ties to China, not teen safety.

Persons: Linda Yaccarino, Mark Zuckerberg, Shou Zi Chew, Yaccarino, —, Zuckerberg Organizations: Service Locations: China

☆ Meta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearing
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearingMark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face tough questions from U.S. lawmakers concerned about child exploitation and safety on their services. U.S. Sen. Josh Hawley, R-Mo., presses Zuckerberg on social media's effects on families and children.

Persons: Mark Zuckerberg, Linda Yaccarino, Evan Spiegel, Sen, Josh Hawley, Zuckerberg

☆ Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

(L-R) Shou Zi Chew, CEO of TikTok, Linda Yaccarino, CEO of X, and Mark Zuckerberg, CEO of Meta testify before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Tillis and other lawmakers accused the tech executives of failing to protect children from sexual exploitation on their respective social media platforms. Growing appetite for regulationTo be sure, both Republican and Democratic senators were united in their conviction that social media firms are failing the American public and directly harming young people. Still, it takes time for bills to get passed, and all of these social media firms are still getting slammed for child-safety related issues, which could keep the topic fresh in the minds of politicians. Watch: Meta CEO Mark Zuckerberg apologizes to parents at online child safety Senate hearing.

Persons: Shou Zi Chew, Linda Yaccarino, Mark Zuckerberg, Meta, Alex Wong, Sen, Thom Tillis, Tillis, Josh Hawley, Zuckerberg, Tom Cotton, Chew Organizations: Dirksen, Facebook, Republican, Democratic, Meta, New, Apple, Lawmakers, Chinese Communist Party Locations: Washington , DC, Cambridge, China

☆ Opinion: Mark Zuckerberg’s extraordinary apology should only be the beginning
▼ + stars: | 2024-01-31 | by ( Opinion Kara Alaimo | ) edition.cnn.com time to read: +8 min

CNN —On Wednesday, the chief executives of Meta, TikTok, X, Snap and Discord testified before the Senate about what they’re doing to protect kids from harm online. In the leadup to the testimony, tech companies announced new initiatives to protect kids. The Stop CSAM (Child Sexual Abuse Material) Act of 2023 would make it possible to hold tech companies civilly liable for hosting child sexual abuse material. This would be an important way of incentivizing tech companies to do more to protect kids from sextortion and other forms of online exploitation. Tech companies also have a lot more work to do.

Persons: Kara Alaimo, Meta’s Mark Zuckerberg, TikTok’s Shou Chew, Democratic Sen, Dick Durbin, Snap’s Evan Spiegel, X’s Linda Yaccarino, Discord’s Jason Citron, Kara Alaimo Durbin, “, —, ” South Carolina Republican Sen, Lindsey Graham, Chew, Yaccarino, Spiegel, Zuckerberg, it’s, Taylor Swift Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, Meta, Senate, Democratic, Illinois, ” Senators, ” South Carolina Republican, Tech, Media Locations: ”

☆ Lawmakers rip into tech CEOs at Senate hearing on online child sexual exploitation
▼ + stars: | 2024-01-31 | by ( Aaron Mok | Camilo Fonseca | ) www.businessinsider.com time to read: +5 min

US lawmakers grilled CEOs from tech giants on their platform's online safety practices. Senators appeared to be bullish on whether the tech CEOs support their proposed laws. AdvertisementUS lawmakers grilled tech CEOs about their companies' online safety practices during this week's Senate Judiciary Committee hearing on online child sexual exploitation. During the hearing, which kicked off on Wednesday, US lawmakers were seen interrogating CEOs at tech giants like Meta, TikTok, and X on how they run their platforms and keep them safe. Advertisement"I hope you hear what is being offered to you and are prepared to step up and do better," Butler told the Meta CEO.

Persons: —, Sen, Lindsey Graham, there's, Graham, X's Linda Yaccarino, Snapchat's Evan Spiegel, –, Ted Cruz, Mark Zuckerberg, Zuckerberg, Cruz, – Zuckerberg, Shou Zi Chew, ByteDance, Chew, Cruz didn't, Tom Cotton, Richard Blumenthal, Blumenthal, California Sen, Laphonza Butler, Meta, Butler Organizations: Service, Meta, Chinese Communist Party Locations: China, Connecticut, California

☆ Lawmakers to grill CEOs of Meta, TikTok, X and other social media firms at hearing on child safety
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and safety on their services. Lawmakers from both sides of the aisle have blasted the companies for failing to properly address what some have called a "plague of online child sexual exploitation" on social media apps. Wednesday's hearing is focused specifically on issues pertaining to child exploitation and the prevalence of child sexual abuse material on social media. The social media executives are expected to detail their efforts combating child exploitation on their platforms, which include working with law enforcement and tasks like proactively identifying potential predators. Watch: Early Meta platforms investor Brad Gerstner tackles big tech ahead of key earnings week

Persons: Mark Zuckerberg, Linda Yaccarino, Evan Spiegel, —, Shou Zi Chew, Jason Citron, Sen, Dick Durbin, Lindsey Graham, S.C, Citron, Meta, Brad Gerstner Organizations: Meta, U.S, Senate, Intelligence, Capitol, Washington , D.C, TikTok, Spiegel, Google YouTube, Committee, Lawmakers, Electronic Frontier Foundation, American Civil Liberties Union Locations: Washington ,, Washington, . New

☆ Elon Musk reportedly prefers to hire people who've never been laid off
▼ + stars: | 2024-01-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Elon Musk reportedly still has a hand in hiring at X — and he's got some clear preferences. In an anonymous interview with Fortune, a person involved in hiring at X broke down how to get hired at the company. Musk, who handed over the title of CEO to Linda Yaccarino last year, used to be involved in directly interviewing potential hires. He has since taken to reviewing applications and giving yes or no answers to hires, the person said. Musk has laid off his fair share of workers.

Persons: Elon Musk, he's, Fortune, Musk, Linda Yaccarino, who'd, he'd, it's Organizations: SpaceX, Business Locations: Austin , Texas

☆ Premarket stocks: Blue chips are crumbling. Here’s why
▼ + stars: | 2024-01-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Blue chip stocks have long been synonymous with stability and reliability. Named for the most valuable poker chips, these stocks supposedly represent the crème de la crème of the corporate world, companies like Disney, General Motors and Verizon. Known for their strong financial foundations, longevity, and a healthy flow of dividends, blue chip stocks have long been the go-to for investors seeking steady returns. Their values have surged so high that they’ve been buoying the broader market even as many blue chips have struggled. The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren’t truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN.

Persons: Tesla, ”, Henry Allen, George Pearkes, Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, Read, Brian Fung, Joe Biden, Frank Pallone Organizations: CNN Business, Bell, New York CNN, Disney, General Motors, Verizon, Nvidia, Apple, Microsoft, Meta, Investment, Nasdaq, Big Tech, Deutsche Bank, Tesla, Target, Pfizer, Nike, Charter Communications, CNN, Tech, —, House Democrats, New, New Hampshire voters, YouMail, House Energy, Commerce Locations: New York, DC, —, New Hampshire

☆ Kids aren’t safe on social media, lawmakers say. Tech CEOs are back in DC this week to pledge (again) that they’ll handle it
▼ + stars: | 2024-01-29 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +8 min

Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves. But now, with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. This month Meta announced a proposed blueprint for federal legislation calling for app stores, not social media companies, to verify users’ ages and enforce an age minimum. Safety action beyond CongressAs efforts to rein in tech platforms have ground to a standstill on Capitol Hill, much of the momentum for regulating social media has picked up outside the halls of Congress. Elsewhere, state-backed and consumer lawsuits against the companies are ramping up pressure to regulate tech platforms as the litigation reveals more about their inner workings.

Persons: Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, ”, Jeff Chester, TikTok, ’, Meta, ’ Instagram, Frances Haugen, Josh Golin, Zamaan Qureshi, Qureshi, Elon Musk, X, ” Golin Organizations: CNN, —, Center for Digital Democracy, Meta, Center, ” Locations: —, Arkansas , Louisiana , Ohio , Utah, Austin , Texas

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