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☆ Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
▼ + stars: | 2024-05-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing more than $5 million from those companies that had been earmarked for DEI initiatives, federal prosecutors said. Georgia resident Barbara Furlow-Smiles, who pleaded guilty to wire fraud in the case in December, stole more than $4.9 million from Facebook "utilizing a scheme involving fraudulent vendors, fake invoices, and cash kickbacks," Atlanta U.S. Attorney Ryan Buchanan said in a statement. "After being terminated from Facebook, she brazenly continued the fraud as a DEI leader at Nike, where she stole another six-figure sum from their diversity program," Buchanan said. Furlow-Smiles, 38, used the money she stole "to fund a luxury lifestyle in California, Georgia and Oregon," according to Buchanan's office, which had asked a judge to sentence her to 6½ years. She was a lead strategist and global head of employee resource groups and diversity engagement at Facebook, the subsidiary of Meta.

Persons: Barbara Furlow, Ryan Buchanan, brazenly, Buchanan Organizations: Facebook, Nike, Atlanta U.S, Meta, Prosecutors, PayPal Locations: Georgia, California , Georgia, Oregon

☆ A former Facebook director says managers need to kill the weekly 1:1 meeting. Here's why.
▼ + stars: | 2024-05-16 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Read previewA former Facebook director thinks the weekly 1:1 meeting with your manager needs a reboot. AdvertisementAgarwal suggested bosses give feedback every three to six months rather than weekly. But it's what "good" managers did," Agarwal wrote of the weekly appointments. Instead, Agarwal suggested that bosses should save themselves and their direct reports' time to focus on getting work done and making the company successful. Weekly 1:1s undermine this," he wrote.

Persons: —, Aditya Agarwal, Agarwal, He's, Facebook's, Aditya Agarwal Steven G, Rogelberg, doesn't, what's Organizations: Service, Business, South Park, University of North Locations: University of North Carolina, Charlotte

☆ I have spent entirely too much time thinking about Mark Zuckerberg's outfit at his birthday party
▼ + stars: | 2024-05-15 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

Read previewThe Instagram photos from Mark Zuckerberg's 40th birthday party left me with many questions. AdvertisementIn two of the photos, he's wearing a slightly different outfit: the gold chain is missing, and his T-shirt is plain black. AdvertisementOr, another option, which is my theory: He didn't choose the shirt; the shirt was gifted to him during the party. My theory is that this wasn't just her regular casual party attire — she was dressing up in a typical Mark outfit as a joke, chain and all. But I feel confident in my assessment that Zuckberg's outfit was gifted to him as a joke during his party.

Persons: —, Mark Zuckerberg's, Zuck's, Priscilla Chan, Mark, Kieran, Zuckerberg, didn't, Cato —, Zuck, Priscilla Chan's Instagram, Mark doesn't, Bill Gates, Joel Kaplan, Meta's, Kaplan, Mark Zuckerberg Organizations: Service, Business, Google, Nike Locations: Harvard, Carthage

☆ Zuck's birthday t-shirt is a tribute to ancient Rome, Facebook's history, and going hard
▼ + stars: | 2024-05-15 | by ( Kieran Corcoran | ) www.businessinsider.com time to read: +3 min

Read previewCarthago delenda est — mean anything to you? In a series of photos showing the Meta founder celebrating his 40th birthday, Zuckerberg had a striking black shirt with a Latin phrase on it. Advertisement"Carthago delenda est" means — very emphatically — Carthage must be destroyed. As well as being a throwback to Roman history, it's a throwback to Zuckerberg's own history. So it seems appropriate that a throwback — if obscure — Latin phrase should be at the center of it.

Persons: —, Mark Zuckerberg, Zuckerberg, Kwan Wei Kevin Tan, Cato the Elder, Cato, It's, Caesar, Aurelia, Maxima Organizations: Service, Senate, Business, Google, Facebook, Harvard Locations: Carthage, Tunisia, Rome, Hannibal, Carthage's

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

☆ Google teases the return of Google Glass in Project Astra demo
▼ + stars: | 2024-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

While promoting Project Astra, Google CEO Sundar Pichai teased the possible return of Google Glass. The first Google Glass was originally launched in 2013 and was a remarkable commercial failure. "Google Glass has RE-entered the chat," one user quipped below the YouTube video promoting Project Astra and featuring the prototype glasses. AdvertisementThe original Google Glass debuted in 2013 but was a remarkable commercial failure. Production on the original Google Glass was ultimately discontinued in 2015, though two enterprise editions were attempted in 2017 and 2019, respectively.

Persons: Sundar Pichai, Pichai, —, Sundar Pichar, Pichar, toted, Quinn Meyers Organizations: Astra, Google, CNBC, Service, Project Astra, Business, YouTube, Apple, Gemini

☆ How Mark Zuckerberg turned against the news
▼ + stars: | 2024-05-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +13 min

Mark Zuckerberg held regular discussions in 2017 and early 2018 about how to make news on Facebook more trustworthy and reliable. "Giving people a voice is not enough without having people dedicated to uncovering new information and analyzing it," Zuckerberg wrote. Zuckerberg also considered a permanent subsidy through his philanthropy the Chan Zuckerberg Initiative. Murdoch and Zuckerberg's yearslong relationship, while never outright friendly, turned "tense, very tense," when Australia passed the NMBC, a person who worked with Zuckerberg said. When Canada passed a law similar to Australia's last year, Meta simply and decisively turned off news content on Facebook and Instagram.

Persons: Mark Zuckerberg, Donald Trump, Facebook's, Zuckerberg, He'd, Chan Zuckerberg, Tracy Clayton, it's, That's, Adam Mosseri, Mark, We're, Meta, Australia Zuckerberg, Rupert Murdoch, James Kennedy, Rod Sims, Murdoch, Lachlan, Zuckerberg's, Scott Morrison, Josh Frydenberg, Joel Kaplan, Campbell Brown, Frydenberg, I'm, Kali Hays Organizations: Facebook, Associated Press, Business, Meta, Google, News, News Corp, . News Corp, Fox, Cambridge, Capitol Locations: Meta, Canada, Australia, France, Germany, Myanmar, khays@businessinsider.com

☆ This is what one of Facebook's first employees says he learned working for Mark Zuckerberg before getting fired 9 months in
▼ + stars: | 2024-05-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewNoah Kagan, an early Facebook employee, may have worked for Mark Zuckerberg for only nine months, but he says the brief stint taught him a lot about Zuckerberg's management style. Then I got fired," Kagan wrote in an X post on Tuesday before launching into what he said were the "10 non-obvious lessons" he picked up from Zuckerberg. Kagan joined Facebook as a product manager in 2005, the same year Zuckerberg dropped out of Harvard University to run the company full time. Representatives for Kagan and Zuckerberg didn't immediately respond to a request for comment from Business Insider sent outside regular business hours. Zuckerberg told employees in January 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."

Persons: —, Noah Kagan, Mark Zuckerberg, Kagan, Zuckerberg, uPGrc5aq6V — Noah Kagan, Mark, he's, Zuckerberg didn't, Meta Organizations: Service, Facebook, Zuckerberg, Business, Harvard University, Harvard, LinkedIn, Business Insider, Meta

☆ Mark Zuckerberg considered acquiring or permanently funding the Associated Press to combat Facebook misinformation
▼ + stars: | 2024-05-07 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Before Meta stepped away from nearly all its dealings with the news industry, Mark Zuckerberg considered getting more entangled with it than ever. Between 2017 and 2018, the founder and CEO of Facebook, as it was still known, seriously considered acquiring a news outlet. His focus eventually turned to The Associated Press, the storied news agency service, according to three people familiar with internal Facebook talks surrounding the idea. Around this time, Zuckerberg weighed another option for Facebook to start a news organization, the three people said. This idea was also ultimately abandoned, mostly due to concerns about public blowback and trust in Facebook at the time.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Jeff Bezos, Chan Zuckerberg, Donald Trump, Facebook's Organizations: Facebook, Associated Press, Washington Post, Chan Zuckerberg Initiative, AP, Meta

☆ I tried the app TikTokers could embrace if a ban becomes reality — I'm not convinced it will attract Gen Zers
▼ + stars: | 2024-05-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

The app's founder, Edison Chen, described it as "a space for the older generations to feel more comfortable" in an interview with D Magazine last year and somewhere "the parents of TikTok users can express themselves." AdvertisementThe spokesperson said that since the House voted on a TikTok ban, Clapper has seen 30,000 new users. While the app heavily leans on Gen X and Y, the spokesperson said Clapper is adjusting its strategy "to appeal to younger audiences." It would remind me a bit of early Vine, but a lot of content I'm being served seems to be reposted old clips scraped from YouTube and other platforms. On Clapper, I'm watching without really thinking.

Persons: —, Joe Biden, Edison Chen, Chen, I'm, Zers, TikTok, Shannon Lee, Allie, Rebecca Starkey, It's, vaxxers Organizations: Service, Business, D, Pew Research Center, YouTube, Facebook

☆ Facebook's Oversight Board to consider if 'from the river to the sea' is hate speech
▼ + stars: | 2024-05-07 | by ( David Ingram | ) www.cnbc.com time to read: +5 min

The independent Oversight Board that hears appeals about content decisions on Facebook and Instagram said Tuesday it would consider whether the pro-Palestinian phrase "from the river to the sea" violates the platforms' rules including their ban on hate speech. In each of the three cases, other Facebook users reported the phrase, saying it violated platform rules on hate speech, incitement or violent organizations. The users opposed to the phrase then appealed to the Oversight Board. One of the Facebook posts being reviewed by the Oversight Board received about 8 million views, the board said. In one of its most significant decisions, the Oversight Board in 2021 upheld the suspension of former President Donald Trump from Meta's platforms but ruled that it was inappropriate to make the ban indefinite.

Persons: Instagram, Rashida Tlaib, Meta, Mark Zuckerberg, Donald Trump Organizations: Resistance, Facebook, Meta, Palestinian American, Hamas Locations: Manchester, United Kingdom, Israel, Gaza, Jordan, Palestinian, Palestine, Denmark

☆ A product manager who worked at Meta and Google reveals which company is best for work-life balance
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

A Meta product manager who also worked at Google in a similar role revealed some differences between the tech companies based on his experiences over the past six years. AdvertisementCompany transparencyMeta does maintain some of the transparency the company was known for in its earlier days, McKinnon wrote. At Meta, McKinnon was aware of what other teams were working on, partly through the company's internal forums and dashboards. At Google, employees mostly communicate through email or chat, so it's more difficult to know what everyone is doing, McKinnon wrote. At Google, McKinnon saw that projects were largely created and led by software engineers, and PMs played a more auxiliary role.

Persons: —, Daniel McKinnon, Ray, McKinnon, Googlers, Meta's, Mark Zuckerberg, Sundar, Alphabet's, Sundar Pichai wasn't, Zuckerberg, Meta, VPs, Susan Li Organizations: Meta, Google, Service, Unit, Business, Facebook, . Software Engineers Locations: Meta

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ We're reading: How Facebook's AI 'Shrimp Jesus' is creating a zombie internet
▼ + stars: | 2024-05-02 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

Read preview404 Media has been pulling the thread of the great mystery of "What the heck is going on with all this AI image spam on Facebook?" Finally, Jason Koebler presents his theory of what all this AI engagement bait spam means:I think we should not view Facebook's AI spam through the lens of the "Dead Internet." The platform has become something worse than bots talking to bots. It is bots talking to bots, bots talking to bots at the direction of humans, humans talking to humans, humans talking to bots, humans arguing about a fake thing made by a bot, humans talking to no one without knowing it, hijacked human accounts turned into bots, humans worried that the other humans they're talking to are bots, hybrid human/bot accounts, the end of a shared reality, and, at the center of all of this: One of the most valuable companies on the planet enabling this shitshow because its human executives and shareholders have too much money riding on the mass adoption of a reality-breaking technology to do anything about it. AdvertisementI have a few theories about why Facebook is (for now) allowing this kind of AI image spam:

Persons: —, they've, Jason Koebler, I'm Organizations: Service, Business, Facebook

☆ Former Miss USA Cheslie Kryst's mother said she had high-functioning depression. Here's what that means.
▼ + stars: | 2024-04-25 | by ( Anna Medaris | Anneta Konstantinides | ) www.businessinsider.com time to read: +5 min

Former Miss USA Cheslie Kryst's new memoir was finished by her mother, April Simpkins. AdvertisementA new memoir by former Miss USA Cheslie Kryst was released on Tuesday. Kryst was an attorney, reporter, and Miss USA titleholderKryst won the Miss USA title in 2019 while representing North Carolina, and made the top 10 at Miss Universe that same year. Miss USA Cheslie Kryst competed in the 2019 Miss Universe pageant. In 2019, Kryst was part of a historic moment when Miss Universe, Miss USA, Miss Teen USA, and Miss America all went to women of color.

Persons: April Simpkins, Simpkins, Kryst's, —, Miss USA Cheslie Kryst, Kryst, Benjamin Askinas, John Huber, Healthline, Cheslie —, Cheslie Kryst, Mimi Winsberg, Brightside, Winsberg Organizations: Miss USA, Service, Miss, Miss Universe Organization, Mental Health, BI, Brothers, Sisters, America, Miss Teen USA, Miss America, Depression Association of America Locations: North Carolina, San Francisco

☆ Tesla shares have taken a beating this year. Here's where they could find support, charts show
▼ + stars: | 2024-04-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Tesla recently made new yearly lows with no apparent support level in sight until another 30% lower at the early 2023 bottom of $101.81. We're heading into Q1 earnings this evening plagued with a plethora of negative news headlines clouding this stock. Tesla shareholders, me included, are coming to the realization that consumer appetite for electric vehicles combined with increased competition are significant headwinds for the stock. All that being said, the phrase "it's always darkest before the dawn" usually applies to beaten-down fundamental stories that are approaching technical support. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tesla, Cybertruck, Elliott, Elon Musk, — Todd Gordon, Todd Gordon, TSLA Organizations: Tesla, Inside Edge, Inside Edge Capital Management Locations: Europe, Asia, Elon

☆ Mark Zuckerberg came up with the idea for the Facebook 'poke' feature while he was drunk
▼ + stars: | 2024-04-13 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

In a 2005 interview, Mark Zuckerberg said he came up with the idea while drunk. But when a young Mark Zuckerberg over-imbibed, he invented the "poke," the Facebook feature that is both the most creative thing Facebook has done — and one of the creepiest. The poke was one of the earliest features of Facebook, which Zuckerberg launched in college in 2004 as The Facebook. Here's how he describes the poke feature:AdvertisementThere's this feature called poking where you just go to someone's profile and you can poke the person. It also made it easier to find the page where all your pokes live (try searching "pokes" on Facebook).

Persons: Mark Zuckerberg, —, we've, Zuckerberg, David Pogue, You've, improbably Organizations: Facebook, Service, CBS, Meta

☆ Meta tried to 'build a clone of Snapchat' using data from Onavo, unsealed court documents show
▼ + stars: | 2024-04-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

An analytics app Meta acquired a decade ago turned into a major source of inspiration for product and business decisions, including its work to "clone" Snapchat. Rosen is Meta's chief information security officer, while Tiger was vice president of engineering until he left Meta in 2022. For several years, Onavo was key to how Meta decided to acquire, launch, and change its products, according to over a dozen court documents unsealed last week in an ongoing lawsuit. After the acquisition, Facebook found through Onavo's data on messaging apps that Snapchat was a top five mobile app and WhatsApp had begun to outpace Facebook Messenger. The company was hailed for its tech that compressed data on mobile phones, allowing apps to run in the background without eating up user data.

Persons: Guy Rosen, Roi Tiger, Rosen, Tiger, Onavo, Meta, Mark Zuckerberg, Sheryl Sandberg, Mike Schroepfer, Chris Cox, Javier Olivan, Sandberg, Olivan, Cox, Facebook's, Colin Stretch, WhatsApp, Zuckerberg, Instagram, Snapchat, Stretch, Kali Hays Organizations: Meta, Facebook, Business, Onavo, YouTube, Olivan, TechCrunch Locations: Onavo, Davos, khays@insider.com

☆ The AI Apocalypse: Computer Algorithms Are Already in Control
▼ + stars: | 2024-04-02 | by ( Ed Zitron | ) www.businessinsider.com time to read: +12 min

But increasingly, the algorithms that undergird our digital lives are making questionable decisions that enrich the powerful and wreck the lives of average people. There's no reason to be scared of AI making decisions for you in the future — computers have already been doing so for quite some time. As human control diminished, the real-world consequences of these algorithms have piled up: Instagram's algorithm has been linked to a mental-health crisis in teenage girls. AdvertisementAcross the public and private sectors, we've handed the keys to a spiderweb of algorithms built with little public insight into how they make their decisions. While generative AI is just the newest extension of the algorithm, it poses a unique threat.

Persons: who's, They've, Matthew Gray, Sergey Brin, Larry Page, It's, Elon Musk, Cambridge Analytica, algorithmically, ProPublica, Quora, OpenAI's ChatGPT, you've, they'll, superintelligence, — simulacrums Organizations: Knight Capital, Companies, Yahoo, Stanford, Google, Spotify, Netflix, Revenue, Facebook, Twitter, Elon, European Union, Associated Press, Black, Microsoft, Eating Disorders Association Locations: Cambridge

☆ Meme stocks are back in fashion. Here's how to find one.
▼ + stars: | 2024-04-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.

Persons: —, Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, …, Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago

☆ The effects of the fatal bridge collapse in Baltimore will be felt for months
▼ + stars: | 2024-03-31 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.

Persons: —, Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan

☆ Facebook started paying users to post. A wave of spam and illicit account sales followed.
▼ + stars: | 2024-03-30 | by ( Rob Price | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Read previewThe influencer had a directive for the 75,000 members of her Facebook Group. Some creators' Facebook pages look vibrant, with thousands of followers and every photo and post they share accruing numerous comments, affirmations, and reactions. PLEASE refrain from using the normal words," wrote an administrator for "Maniifesting 55k (META}🤑" , a Facebook Group with 6,500 members. AdvertisementBuying and selling Facebook accounts is prohibited, but a bustling trade in Performance Bonus accounts is thriving in some of the Groups. The 22,000-member "$30k Performance Bonus" Group hosts a mix of posts begging for engagement and people openly selling Facebook accounts.

Persons: —, affirmations, Meta, That's, Baltimore influencer, tim e Organizations: Service, Facebook, Business, Baltimore, Facebook Groups, Facebook's, GE Locations: Baltimore

☆ Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues
▼ + stars: | 2024-03-26 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Reddit's post-IPO rally continues, despite the company receiving a hold rating from a prominent analyst. Investors continue to rally behind Reddit despite New Street Research issuing a neutral rating on the company "after the stock goes to the moon," analysts wrote in a note that was published Tuesday. Investors expect such a deal "to be added soon," considering OpenAI CEO Sam Altman maintains a 9% stake in Reddit. It also recently entered into an expanded partnership with Google, allowing the search giant to access more Reddit data to train its AI models. Meanwhile, some Reddit users took to the company's various finance-related subreddits on Tuesday to discuss the company's rising shares since its IPO.

Persons: Steve Huffman, Sam Altman, Altman, Condé Nast, Reddit, Reddit's, I've, I'd, Dash Organizations: New York Stock Exchange, New, Research, Investors, Advance Magazine Publishers, Google, Federal Trade Commission, FTC, GameStop, Nasdaq, Trump Media & Technology Group Locations: New York City, Reddit's, Reddit, pontificating

☆ Garbage AI posts like Shrimp Jesus are destroying Facebook
▼ + stars: | 2024-03-26 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

Related storiesLast week, a duo from Stanford University and Georgetown University published a paper — not yet peer-reviewed — about AI images on Facebook, after studying 120 Facebook pages through early March. It's been covered by other media outlets well before last week's study; 404 Media wrote about it in December. Meta's president of global affairs said in February that the company is working on generative AI labels it will roll out later this year. Notably, this comes in an election year that's already been marred by generative AI issues, online and off. But I don't want to see labeled generative AI content in my feed — I don't want any generative AI pictures at all.

Persons: —, I, Joseph, Jesus, I'm, Mark Zuckerberg, Matthew, that's Organizations: Service, Business, Facebook, Stanford University, Georgetown University, Media Locations: Indiana, mmorris, insider.com

☆ Mark Zuckerberg told Facebook execs to 'figure out' how to track encrypted usage on rival apps like Snap and YouTube, unsealed documents show
▼ + stars: | 2024-03-26 | by ( Kali Hays | Jack Newsham | ) www.businessinsider.com time to read: +5 min

Newly unsealed emails reveal that when Meta was still called Facebook, CEO Mark Zuckerberg ordered his executives to find a way to learn how people were using competing apps like Snapchat, even if the information was encrypted. Advertisement"Given how quickly they're growing, it seems important to figure out a new way to get reliable analytics about them," Zuckerberg wrote of Snapchat in the email. The app "doesn't (can't) decrypt data," a Facebook employee noted in an email to Zuckerberg included in a court document. While the existence of Onavo's work to track rival app usage has been reported, details of Meta's actions, the executives involved, and the surrounding communications were unreported. AdvertisementAdvertisers suing Meta said the company failed for years to disclose its use of Onavo technology to intercept rivals' analytics traffic.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Javier Olivan, Snapchat, Olivan, Guy Rosen, Rosen, —, Mike Schroepfer, Kali Hays Organizations: Service, Facebook, Business, Meta, Wall Street, YouTube, SSL, TechCrunch Locations: California, Onavo, khays@insider.com

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