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New York CNN —Meta fired around two dozen employees from its Los Angeles office for misusing company meal credits for things like laundry detergent, wine glasses and acne treatment pads, a source familiar with the company confirmed to CNN. Many of the social media giant’s corporate offices feature elaborate food services to provide employees with meals as a perk. Meta’s two-year-old office near New York City’s Penn Station, for example, features a cafeteria that feels like an upscale food court, with various stalls all free for staff. An internal investigation found that some LA-based employees used the meal funds to purchase things other than food instead, or had meals delivered to their homes, the source said. Meta’s median total annual compensation for individual employees (other than CEO Mark Zuckerberg) is $379,050, the company said in a regulatory filing earlier this year.
Persons: Meta, Mark Zuckerberg, Tracy Clayton, ” Meta, Jane Manchun Wong, Zuckerberg Organizations: New, New York CNN, CNN, Financial Times, Meta, , Reality Labs Locations: New York, Los Angeles, , Instagram
Elon Musk's war of words with Australia is escalating after he called the government "fascists." The billionaire criticized Australia's new social media bill, which would see sites like X face fines over misinformation. Musk is at war on many fronts, with X being suspended in Brazil and criticized for fuelling riots in the UK. Go to newsletter preferences Thanks for signing up! AdvertisementElon Musk called the Australian government "fascists" in a one-word response to a post on X detailing the country's planned new social media regulation.
Persons: Elon, Australia's, , Elon Musk Organizations: Service, Business Locations: Australia, Brazil
The social media app is the brainchild of 27-year-old serial founder and investor Tiffany "TZ" Zhong, whose tech career took off in her late-teens. Instead of stressing over carefully curated posts, the app encourages users to share their stream-of-consciousness thoughts directly to the feed. According to its App Store description, it aims to harken back to the social media era before "algos and ads" took over. She particularly follows the behavior of Noplace's "power users," some of whom even spend between eight and 10 hours on the app, Zhong said. And at a time when social media platforms are prioritizing entertainment over social interactions, Noplace feels timely.
Persons: , Tiffany, Zhong, you've, It's, Noplace, Nospace, , Alexis Ohanian, it's, There's Organizations: Service, Twitter, Apple, Business, Noplace's, Big Locations: Noplace, Reddit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNY Gov. Hochul on new social media laws: All stats point to a very dire outcome for our childrenNew York Governor Kathy Hochul joins 'Squawk Box' to discuss the signing of two bills aimed at protecting children and teens online, fate of congestion pricing in New York City, and more.
Persons: Kathy Hochul Organizations: New Locations: New York City
Gary Vaynerchuk on how TikTok changed the social media landscape
  + stars: | 2024-05-15 | 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 EmailGary Vaynerchuk on how TikTok changed the social media landscapeGary Vaynerchuk, VaynerX chairman, joins 'Squawk Box' to discuss his new book, 'Day Trading Attention: How to Build Brand and Sales in the New Social Media World', how TikTok changed the social media landscape, and more.
Persons: Gary Vaynerchuk, TikTok Organizations: Brand, New Social Media
Read previewA new social media app targeting Gen Z, Nospace, is set to be released in June, the company told BI. Her new app jumps on Gen Z's love of Y2K and harkens back to a simpler age of social media. Nospace wants to recapture some of the magic of social media apps like MySpace and early Facebook, which centered on friendships and making new connections. Zhong is a seasoned social media pro who knows how to appeal to Gen Z trends. Through her previous companies, she's advised companies like Snapchat, Levi Strauss, and Google on how to reach a younger Gen Z audience.
Persons: , Nospace, Tiffany Zhong, Zer, Zhong, Z's, everyone's, Tati, she's, Levi Strauss Organizations: Service, Pineapple Capital, Business, Google
A new social media trend is urging users to "look between" certain letters on their keyboard. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's because of a new trend that is enthralling — and irritating — thousands of users on X and other similar platforms. cheaters will tell you they love you and then their actions tell you to look between h and l on your keyboard. that's all we baggin' this year, trust — ً (@ahdebee) April 21, 2024look between Y and I on your keyboard, that’s all I want.
Persons: JK, , you've, Yui Hirasawa, — Kemi Marie, Jesus, ike Organizations: Service, 4chan, New England Patriots, Brands
The two brothers were arrested in June and charged with illegally trading on nonpublic knowledge of a shell company’s secret plan to buy Trump Media & Technology Group, the parent company of struggling social network Truth Social. Shares of the shell company, Digital World Acquisition Corporation, spiked after the blank-check company publicly announced an agreement to merge with Trump Media. Trump owns 78.8 million shares in Trump Media, a stake valued at about $4.1 billion. The defendants passed the secret information about the impending Trump Media deal to friends on. There was no allegation in the indictment that Trump himself had any involvement in the alleged insider trading scheme.
Persons: Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, , Trump, Michael Shvartsman’s, Gerald Shvartsman’e, CNN’s Kara Scannell Organizations: New, New York CNN, Trump Media & Technology Group, DWAC, Trump Media, Southern, of, Acquisition Corporation, , Truth, Trump, Digital Locations: New York, Florida, of New York, Las Vegas
CNN —At Trump Media, it was the best of times, and it looks like it’s headed for the worst of times. Courtesy Jill FilipovicLast week, Trump Media was valued at nearly $11 billion, an astronomical sum for a money-losing company with a few million in revenue. Truth Social, Trump Media’s answer to Twitter/X, has fewer than 500,000 monthly active US users, compared to X’s 75 million. The Trump Media story, though, is a fascinating one because it is an amplified example of so much of the Trump playbook. “The first rule of cults is: you’re never in a cult,” cult expert Daniella Mestyanek Young told Jennifer Rubin of the Washington Post.
Persons: Jill Filipovic, Donald Trump’s, Trump, Michael Ohlrogge, he’s, MAGA, there’s, Rick Ross, Robert Jay Lifton, , , , you’re, Daniella Mestyanek Young, Jennifer Rubin Organizations: Twitter, CNN, CNN —, Trump Media, Trump, NYU, Washington Post, Republican, Republican Party, RNC Locations: New York, America
CNN —Alexey Navalny died a political martyr after returning home to confront Russian President Vladimir Putin’s brutal rule. But that’s not stopping Donald Trump from coopting his heroic legacy to suggest false equivalence with his own legal troubles. He offered a tempered tribute to Navalny, before returning to his own false claims of political persecution. There is no world in which Trump and Navalny can be compared. “Instead, Trump said Navalny’s death made him realize how bad America is.
Persons: CNN — Alexey Navalny, Vladimir Putin’s, Donald Trump, Putin, Trump, Navalny, , , ” Trump, Joe Biden, “ Trump, , he’s, predecessor’s thrall, Biden, Trump’s, CNN’s MJ Lee, Alexey Navalny, ” Biden, America, can’t Trump, Mike Johnson, Volodymyr Zelensky’s, Russia’s, Zelensky, it’s Organizations: CNN, Fox News, Russia, Communist, Fox, Trump, Kremlin, Biden, Republicans, Senate, NATO, White House, Soviet Union, Saturday Locations: Russian, Russia, West Coast, Ukraine, Moscow, Trump’s, America, Avdiivka, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit Co-Founder and Wheelhouse CEO launch social media site aimed at collectorsAlexis Ohanian, Seven Seven Six founder and co-founder of Reddit, and Brent Montgomery, Founder & CEO of Wheelhouse, join 'Fast Money' to talk their new social media venture 'Mantel', a site meant to bring collectors together.
Persons: Alexis Ohanian, Brent Montgomery Organizations: Seven, Wheelhouse
New York CNN —Tesla CEO Elon Musk has a new social media target: Diversity, Equity and Inclusion. Following Musk’s recent critical posts about DEI policies and racial discrimination lawsuits against Tesla, the electric car company has omitted all language regarding minority workers and outreach to minority communities in its 10-K filing with the SEC made January 29. In Musk’s eyes, DEI is “just as morally wrong as any other racism and sexism,” he tweeted in December. And as recently as 2020, Tesla had been publishing its own corporate DEI reports, reaffirming its commitment to the mission. CNN has reached out to Tesla for comment, though the company does not usually respond to press requests.
Persons: Elon Musk, Tesla, , It’s, George Floyd’s, Harvard’s, Claudine Gay, Gonzalo Fuentes, Bill Ackman, Musk, ” Musk, Owen Diaz, Mark Cuban, , Catherine Thorbecke, Nicquel Terry Ellis Organizations: New, New York CNN, Equity, SEC, Bloomberg, Tesla, Black Colleges, Universities, , Asian Pacific Islanders, Minneapolis, CNN, SpaceX, Twitter, Viva Technology, Reuters Billionaire, Harvard, DEI, California Department of Fair, Housing, Fremont, Dallas Mavericks Locations: New York, America, Paris, France, Fremont , California, Fremont, United States, ” Cuban
Lapse, a buzzy social media app that wants to rival Instagram, is set to raise fresh funding, Business Insider understands. Based on the number of shares allocated, the company has raised approximately £24.48 million, $31 million. One London-based source familiar with the deal said Lapse was set to secure around $30 million. A look at the Lapse app. It aims to help satisfy the demand for more authenticity on social media.
Persons: Instagram, Jacob Andreou, Ben, Dan Silvertown, Plural's Ian Hogarth, Dmitry Tokarev Organizations: Business, Meta, Greylock Ventures, Facebook, Companies, Octopus Ventures, Redbus Ventures Locations: London
They require age verification for anyone in the state who wants to create a social media account, which critics say could compromise users' data security. “We will continue to lead the nation in protecting kids against social media, and we will hold social media companies accountable for the harm that they are inflicting upon our youth,” Adams said. Since escaping, she has used social media to help girls in similar situations. The laws also create new pathways for parents to sue social media companies for causing their children harm. Federal judges have temporarily blocked Arkansas and Ohio from enforcing their state laws requiring parental consent for minors to create new social media accounts.
Persons: , Spencer Cox, Stuart Adams, ” Adams, , NetChoice, Lu Ann Cooper, Hannah Zoulek, ” Zoulek, Cox, Sean Reyes fends, Sen, Kirk Cullimore Organizations: LAKE CITY, Republican, Republican Gov, Rights, , Sandy Republican Locations: Utah, Arkansas, Ohio
Elon Musk posted a video of the Tesla robot Optimus appearing to fold a shirt. AdvertisementElon Musk admitted that a video showing Tesla's Optimus robot folding a shirt is "not yet" possible, leaving online observers to wonder how the video was created at all. In a short video posted Monday to X, formerly known as Twitter, the Tesla robot stands at a table, slowly folding a black shirt, seemingly without assistance. Musk simply said of the video, "Optimus folds a shirt." Musk has shared videos of Tesla's Optimus robot in the past performing tasks like yoga stretches, squats and picking up an egg.
Persons: Elon Musk, Musk, , 3F5o3jVLq1 — Elon, Marques Brownlee, Brownlee, Tesla, Gromit, Lex Friedman Organizations: Service, Twitter, Tesla, Wallace
The 32-year-old was recently released from prison after eight years for orchestrating the murder of her mother, Clauddine "Dee Dee" Blanchard. Where Gypsy Rose Blanchard's story beganDee Dee Blanchard and Gypsy Rose Blanchard. AdvertisementBehind closed doors Dee Dee was overbearing, but to the outside world, it was a different story. She was also a lot older than Dee Dee was telling people she was. In one with People after her release, she said killing Dee Dee was an act of "panic" and "desperation" because she was facing yet another surgery.
Persons: , Rose Blanchard, Dee Dee, Blanchard, Blanchard shouldn't, Elizabeth Holmes, Nina Vargas, Dee Dee Blanchard, Gypsy Rose Blanchard, Joey King, Patricia Arquette, Dee Dee's, Nicholas Godejohn, Dee, Godejohn, I'm, Blanchard hasn't, She's, Claudia Oshry, Time's, Amanda Hirsch, notskinnybutnotfat, Ryan Anderson, Vargas, Jamie McCarthy, TikTok, Jessica Maddox, she's, Maddox Organizations: Service, Business, ABC News, Police, Getty, The University of Alabama Locations: Missouri, Dee, TikTok
New York CNN —Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings. Trump Media and Digital World said the filing of the financial documents on Monday mark a key step forward towards finalizing their merger. That merger is key for the survival of Trump Media as it would unlock hundreds of millions of dollars in funding. The SEC filings indicate Trump Media lost $59.1 million in 2021 before posting a net profit of $50.5 million in 2022. Still, Digital World, the blank-check firm seeking to merge with Trump Media, is bullish on the venture.
Persons: Donald Trump’s, Elon Musk, Trump, “ TMTG, , Devin Nunes, ” Trump, Matthew Kennedy, TMTG, ” Kennedy, Kennedy, Matthew Tuttle, Donald Trump, Donald J, CNN’s Chris Isidore Organizations: New, New York CNN, Trump Media & Technology, SEC, Social, Trump, Trump Media, ” Trump Media, Big Tech, Renaissance, Tuttle Capital Management, Facebook, Securities and Exchange Commission Locations: New York
They wanted it to be everything most social media struggles to be: positive, safe and inclusive. And as the user base of the platform now known as X splinters, so does Black Twitter, the community of Black users that was a big part of Twitter’s growth and culture. Legacy social media platforms have repeatedly failed to anticipate how their products might be manipulated or misused until something goes wrong. Alphonzo Terrell, co-founder of the social media app Spill, demonstrates how the platform works during an interview with CNN. CNNEven with AI content moderation models, other social media companies often fail to catch harmful content that makes it onto their platforms.
Persons: Alphonzo Terrell, he’d, Terrell – who’d, , Elon Musk, Terrell, DeVaris Brown, , , ’ ” Terrell, who’s, Brown, Musk, , Maya Umemoto Gorman, , ” Terrell, Brown —, Kenya Parham, weren’t, Elon, Maya Iman ‘, they’ve, “ That’s, Alphonzo Terrell “, Paul Barrett, they’d, it’s, — don’t, Jalaiah Harmon, Taylor Lorenz, Latoya Lee, ” Lee Organizations: New, New York CNN, Twitter, Elon, CNN, Spill, Washington Post, HBO, Showtime, YouTube, Intel, Cisco, Microsoft, NYU Stern Center for Business, Human, Apple, Kapor Center, Social, Mac Venture, Netflix, Disney, Amazon Prime, VH1, Pew Research Center, New York Times, California State University Fullerton Locations: New York, Los Angeles, Kenya, Spill, Georgia
Aditya Aji | Afp | Getty ImagesTikTok's Southeast Asian ambitions will take a major hit after Indonesia bans shopping transactions on social media apps, analysts told CNBC. Indonesia has banned e-commerce transactions on social media platforms such as TikTok Shop and Facebook . Even if it can secure a separate license to operate, operating as a standalone app may still be challenging. "Even if it can secure a separate license to operate, operating as a standalone app may still be challenging," said Mittal. New social media rulesOn Saturday, Indonesia's President Joko Widodo called for social media regulations, saying such platforms impact micro-, small- and medium-sized companies and the economy.
Persons: Aditya Aji, Jonathan Woo, Sachin, Sachin Mittal, TikTok, Mittal, Joko Widodo Organizations: Facebook, Afp, Getty, CNBC, Phillip Securities Research, Sachin Mittal DBS Bank, U.S, DBS Bank, BMI, Momentum Works Locations: Bogor, West Java, Indonesia, Jakarta, China, Southeast Asia, U.S, Singapore, Montana, India
Since Taylor Swift was spotted cheering on the Kansas City Chiefs tight end on Sunday, his profile has skyrocketed. After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.
Persons: Travis Kelce, Taylor Swift, , Donna, Kelce, Jason, Bob Dorfman, Tom Brady, Kelce's, Patrick Mahomes, Sportico, he's, OpenSponsorship, Ishveen Jolly, Jolly, Swift, Dorfman, Chase Garrett, Oprah Winfrey, Dr, Oz, Toni Morrison, Joe Alwyn, Taylor, who's Organizations: Kansas City Chiefs, Service, Arrowhead, SocialBlade, Associated Press, Apple, Pinnacle Advertising, NFL Players Association, US Department of Labor, NFL, Nike, Pfizer, , Sports, Billboard, Prada, Chiefs, Jets Locations: doesn't, Travis
After social media posts earlier this month ignited speculation, rumors of a relationship between the Kansas City Chiefs tight end and Taylor Swift have been heating up. AdvertisementAdvertisementKelce's new social media followers, meanwhile, could mean a payoff that lasts longer than a quick fling. As he's moved up the social media ranks — he now has 3.4 million followers, compared with Mahomes' 5.8 million — his earnings could multiply. Sports influencer marketing agency OpenSponsorship anticipates his rates for social media endorsements could increase "3-5x," OpenSponsorship CEO Ishveen Jolly told Insider over email. Swift, by comparison, has 272 million followers on Instagram, and it's likely many of them have different interests frp, Kelce's typical fans.
Persons: Travis Kelce, Taylor Swift, , Donna, Kelce, Jason, Bob Dorfman, Tom Brady, Kelce's, Patrick Mahomes, Sportico, he's, OpenSponsorship, Ishveen Jolly, Jolly, Swift, Dorfman, Chase Garrett, Oprah Winfrey, Dr, Oz, Toni Morrison, Joe Alwyn, Taylor, who's Organizations: Kansas City Chiefs, Service, Arrowhead, SocialBlade, Associated Press, Apple, Pinnacle Advertising, NFL Players Association, US Department of Labor, NFL, Nike, Pfizer, , Sports, Billboard, Prada, Chiefs, Jets Locations: doesn't, Travis
CNN —A US District Judge has blocked an Arkansas social media age verification law that was set to go in effect Friday, according to a Thursday court filing. The act was aimed at requiring “age verification for use of social media; and to clarify liability for failure to perform age verification for use of social media and illegal retention of data,” according to Governor Sarah Huckabee Sanders’ office. It’s believed this would have been the first law in the US requiring age verification from new social media users, and to require parental consent, to go into effect. “We’re pleased the court sided with the First Amendment and stopped Arkansas’ unconstitutional law from censoring free speech online and undermining the privacy of Arkansans, their families and their businesses as our case proceeds,” Marchese said in the statement. Brooks said the act is blocked “pending final disposition of the issues on the merits.”CNN reached out to Huckabee Sanders’ office for comment.
Persons: Sarah Huckabee Sanders, It’s, Timothy L, Brooks, NetChoice —, , Chris Marchese, “ We’re, ” Marchese, , Huckabee Sanders Organizations: CNN, Judge, Facebook, NetChoice Litigation, ” CNN Locations: Arkansas
If Adams worried about the photographs he posed for, later presidents worried about the photographs they didn’t consent to. It’s well known that the White House sought to keep evidence of Franklin Roosevelt’s physical disability out of sight, but advisers were also anxious that even the most routine candid shot might make him look bad. As the first social media president, Barack Obama walked the line between control and interactivity. The administration took advantage of nearly every new social media outlet as it emerged. In addition, White House photographers, led by Pete Souza, built a huge visual archive of presidential photographs shared in real time on Flickr.
Persons: Adams, Theodore Roosevelt, Woodrow Wilson, Franklin, Roosevelt, Barack Obama, Pete Souza Organizations: White, Photography, White House, Flickr
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow TikTok is fueling the back-to-college shopping seasonBack to school shopping is expected to soar even higher than last year's record breaking season with a whopping $94 billion spent for college students, a $20 billion increase over 2022 spending. Inflation is driving the price of common school supply items higher, but a new social media trend is also helping push spending dollars up.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's latest X ad innovation is a really clever product solution, says Alexis OhanianAlexis Ohanian, 766 founder and Reddit co-founder, joins 'Squawk Box' to discuss the rebrand of X Corp., formerly known as Twitter, as it makes a big push to win back advertisers, the new social media landscape, the power of online communities, the impact of A.I., and more.
Persons: Elon, Alexis Ohanian Alexis Ohanian, Reddit Organizations: X Corp
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