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☆ We heard from 1,000 older Americans: Here are some of their biggest regrets
▼ + stars: | 2024-10-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

More than 1,000 older Americans shared their biggest regrets in life with Business Insider. AdvertisementOver 1,000 Americans between the ages of 48 and 90 told Business Insider their biggest regrets in life. Others said they took Social Security too early or didn't pursue career opportunities that may have led to higher pay. Many respondents' regrets are partially out of their control, from a cancer diagnosis disrupting financial stability to an unexpected divorce or layoff. However, Social Security rules dictate that he cannot collect his wife's $1,300 monthly benefits because her amount is lower than his.

Persons: —, didn't, Janis Carroll, She's, Carroll, Jan Hoggatt, hadn't, I'd, Hoggatt, Jessica Johnston, hasn't, Steve Watkins, Watkins, they're, Michael R, Carol Brownfield, Brownfield Organizations: Business, Social Security, Service, Prudential, Brunswick Group, National Council, Aging, Health, Gallup, Center, Security, Social Locations: Eugene , Oregon, St, Louis, Los Angeles, York, Washington

☆ Can Instagram's new 'Teen Accounts' help improve youth mental health? Experts weigh in
▼ + stars: | 2024-09-18 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

The feature, called Teen Accounts, is meant to address the harm social media can do to young peoples' mental health. This is a good first step, says Dr. Shannon Bennett, associate director of the center for youth mental health at NewYork-Presbyterian. "The opportunity cost while using social media is sleep or in-person socialization," she says. Experts agree the new features might net positive changes, but say its really too early to tell. In his best-selling book "The Anxious Generation" NYU social psychologist Johnathan Haidt also cited social media and smartphones as a major cause of youth loneliness.

Persons: Instagram, Dr, Shannon Bennett, Facebook, Vivek Murthy, Murthy, Johnathan Haidt, Haidt Organizations: NYU, The Locations: NewYork, defensiveness

☆ How some of the biggest right-wing media stars ended up as unwitting puppets of Russian propaganda
▼ + stars: | 2024-09-07 | by ( Hadas Gold | ) edition.cnn.com time to read: +13 min

Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. What is Tenet Media? “Overt shilling”The Russians also pushed Tenet to promote videos that were going viral on social media, according to the indictment. Tenet Media has not responded to requests for comment and stopped posting content on Wednesday. After the 2016 US presidential election, congressional and federal investigations showed Moscow had successfully co-opted unwitting Americans to stage protests, run social media accounts and host events at its behest.

Persons: CNN — They’re, weren’t, Tim Pool, Benny Johnson, Lauren Southern, Tayler Hansen, Matt Christiansen, Dave Rubin, Johnson, MAGA influencers, Rubin, Glenn Beck’s, Enrique Tarrio, Jack Posobiec, Pool, Donald Trump, Donald Trump Jr, Christiansen, Lauren Chen, Liam Donovan, Chen, Donovan, ”, Donald Trump’s, Vladimir Putin, Viktor Orban, Evgenia Novozhenina, “, Trump, Q, Justin Trudeau, Putin, Trudeau, Israel, ” Rubin, Eduard Grigoriann, “ Grigoriann, Tenet, Tucker Carlson, Carlson fawned, I’ll, Nina Jankowicz, ’, unvarnished ’, Renee DiResta, Donie O’Sullivan Organizations: CNN, Justice, Justice Department, Tenet Media, Kremlin, Vice Media, Independent, Young Turks, YouTube, Tenet, Google, Proud Boys, Blaze Media, Ukraine, The Justice Department, Republican Party, Trump, Democrats, ”, United, ISIS, Hungary's, Reuters “, Canadian, Hamas, FBI, Fox News, American Sunlight, Media, DOJ, Soviet, Stanford Internet Observatory Locations: Tennessee, Russia, Ukraine, ”, “ Ukraine, United States, Moscow, Russian, Colorado, American

☆ Americans under 30 are miserable compared to Boomers: 'The future is looking pretty bleak’
▼ + stars: | 2024-08-28 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +14 min

Haidt and other researchers argue that technology and social media have led to an epidemic of isolation and loneliness. Surgeon General Vivek Murthy named social media as one of the main reasons young people feel more alone. "Social media is not this monolithic experience where everybody experiences the same thing," he says. Navigating an uncertain futureHaidt proposes a few solutions for Gen Z and their parents to curb social media and smartphone reliance. It followed an announcement by the Los Angeles Unified School District that it will ban student cellphone and social media use starting next year.

Persons: Jonathan Haidt, Vivek Murthy, Murthy, Haidt, Zach Rausch, Haidt's, Rausch, —, Jeffrey Hall, Candice L, Odgers, That's, Mark Zuckerberg, Jennifer Breheny Wallace, Z, Kyle K, Moore, Wallace, that's, Orna, Guralnik Organizations: U.S, The, NYU's Stern School of Business, University of Kansas, Odgers, University of California, Affordable, Facebook, Meta, Social, Pew Research, Economic, Institute, Harvard University, University of Chicago, New, New York City Public Schools, Los Angeles Unified School District, CNBC Locations: U.S, defensiveness, United States, Irvine, New York City, New York

☆ Venezuela’s Supreme Court certifies Maduro’s claims that he won presidential election
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

CARACAS, Venezuela — Venezuela’s Supreme Court has backed President Nicolás Maduro’s claims that he won last month’s presidential election and said voting tallies published online showing he lost by a landslide were forged. The high court is packed with Maduro loyalists and has almost never ruled against the government. Venezuelan Supreme Court of Justice President Caryslia Rodriguez in Caracas on Aug. 22. Gabriel Boric, the leftist president of Chile and one of the main critics of Maduro’s election gambit, lambasted the high court’s certification. “Today, Venezuela’s TSJ has finally consolidated the fraud,” he said on his X account referring to the initials of the high court.

Persons: Venezuela —, Nicolás Maduro’s, Maduro, Caryslia Rodriguez, Federico Parra, Edmundo González, ” González, Maria Corina Machado, Nicolas Maduro, Cristian Hernandez, González, Gabriel Boric, Venezuela’s TSJ, ” Organizations: Venezuela — Venezuela’s, Venezuelan, Getty, United Nations, Carter Center Locations: CARACAS, Venezuela, Caracas, AFP, Venezuelan, North Macedonia, Chile

☆ Turkey’s Erdogan courts ‘terrorist’ Assad over Syrian refugee problem
▼ + stars: | 2024-07-24 | by ( Scott Mclean | ) edition.cnn.com time to read: +10 min

In the capital Ankara, opposition parties are calling for mass deportations, and the government is calling on the Syrian regime it once sought to topple to help resolve the problem. Turkish President Recep Tayyip Erdogan is now publicly seeking a meeting with President Bashar al-Assad, the man he once labeled a terrorist, to reset relations. Before the Syrian civil war, the two leaders vacationed together, but years later, after the Syrian regime brutally crushed a public revolt, Erdogan sought to oust him from office and backed local forces fighting against him. Turkish troops remain in control of a swath of Syrian territory along the Turkish border where Syrian opposition groups are sheltering. Syrian opponents denounce the Turkish President's statements for normalization with the Syrian President Bashar al-Assad's regime in the city of Idlib, Syria on July 12.

Persons: CNN — It’s, Recep Tayyip Erdogan, Bashar al, Assad, vacationed, Erdogan, “, ” Erdogan, ”, Bilal Bagis, “ It’s, ” Assad, Aaref Watad, Ali Yerlikaya, Ebubekir Hussamoglu, He’s, Anas, Mohammad Shbeeb, Abdullah Resul Demir, they’re, Shbeeb, didn’t, Cenk Ozatici, Iyi, Ozatici, Istanbul Mayor Ekrem Imamoglu Organizations: CNN, Turkish, International Refugee Rights Association, Ibrahim Usta, AFP, Getty, Party, European Union, Istanbul Mayor Locations: Turkey, Ankara, Turkish, Damascus, Syria, Afrin, AFP, Anatolian, Kayseri, Syrian, Antalya, Istanbul, Idlib, Gaziantep, Azaz, Ibrahim, Europe

☆ Opinion: Rishi Sunak’s election looks like a final gasp
▼ + stars: | 2024-05-23 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +8 min

For those outside the Westminster bubble, the announcement felt less like a starting pistol than a final gasp. But unlike Sunak, who with his wife Akshata Murty is worth an estimated £651 million ($828 million), most of us can’t afford it. The British economy never fully recovered from the 2008 recession and, consciously or not, most people still feel the sting every day. As Sam Knight recently noted in the New Yorker, the average British worker is estimated to be £14,000 ($17,800) worse off per year now than they would be if earnings had risen at pre-crisis rates. Her disastrous mini-budget wiped £30 billion off the UK economy that autumn, according to independent think tank Resolution Foundation, and sent interest rates rocketing.

Persons: Holly Thomas, Katie Couric, Rishi Sunak, Keir Starmer, Tony Blair, Akshata Murty, Sam Knight, Brexit, Liz Truss, It’s, there’s, —, Boris Johnson, Johnson, who’d, that’s, Blair Organizations: Katie Couric Media, CNN, London CNN —, Conservative, Westminster, Labour, British Medical Association, BMA, Commission, Yorker, Evening, Office, National Statistics, Tory, Foundation Locations: London, Westminster, England, British, Europe, Rwanda

☆ Just 4% of current retirees say they are 'living the dream,' survey finds. Here's why
▼ + stars: | 2024-05-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Brauns | E+ | Getty ImagesJust 4% of today's retirees said they are "living the dream," according to a new survey from asset management company Schroders. Image Source | Getty ImagesThe Schroders survey results come as more experts are pointing to a potential retirement crisis. "The retirement savings crisis in the United States is no longer looming: it is here, now," said a new report from the National Institute on Retirement Security. Not everyone agrees there is an emergencySome experts are skeptical there is a retirement savings crisis at all. Of seniors with more than $10,000 in retirement savings, 93% said they were doing okay or living comfortably.

Persons: —, Deb Boyden, That's, Warren Buffett's, Boyden, Andrew Biggs, George W, Bush, EBRI, Biggs Organizations: Getty, National Institute on Retirement Security, Finance, American Enterprise Institute, Social Security, Northwestern Mutual, Research Locations: —, United States

☆ Federal judge in Texas says agency created to help minority-owned businesses must provide assistance to all races
▼ + stars: | 2024-03-06 | by ( Devan Cole | ) edition.cnn.com time to read: +4 min

Washington CNN —A federal judge in Texas said Tuesday that a US Commerce Department agency intended to help minority-owned businesses must offer assistance to all individuals, regardless of race, agreeing with White business owners who claimed that its policies were unconstitutional. Because they aren’t on the Agency’s magic list, the Agency presumes they aren’t disadvantaged,” Pittman wrote. Time’s up.”The MBDA is one of the only federal agencies focused exclusively on developing and advocating for minority-owned businesses. In recent years, conservatives have increasingly turned to federal courts in Texas to challenge certain federal programs and actions. “To the extent the MBDA offers services pursuant to an unconstitutional presumption, that’s fifty-five years too many,” Pittman said in his latest ruling.

Persons: Mark Pittman, Donald Trump, Pittman, …, ” Pittman, ”, Nixon, “, ’ ”, MBDA Organizations: Washington CNN, US Commerce Department, US, Minority Business Development Agency, Latino, Agency, US Department of Commerce, Fort, Northern, Northern District of, Biden, “, Centers Locations: Texas, Asian, Fort Worth, Northern District, Northern District of Texas, SFFA

☆ A boomer shares how Lyft driving has been a retirement hack — supplementing his income while allowing him to draw on his Social Security without penalty
▼ + stars: | 2024-01-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

For entertainment expenses like travel and eating out, however, he planned to use income from a part-time job and draw on his Social Security benefits. But there was one challenge with this plan: If Americans draw on Social Security before their full retirement age, then there's a limit to how high their taxable income can be before their Social Security benefits take a hit. The Social Security Administration says it will deduce $1 from benefit payments for every $2 one earns above the annual limit, which is $22,320 in 2024. "Because the driver can deduct his mileage from his side gig income and make below the earnings limit, his Social Security income will not be reduced," she said. "Many retirees often begin working side gigs, do freelance work, or receive other retirement income without knowing how other streams of income can impact how their Social Security income is taxed," she said.

Persons: —, Mark McCann, wouldn't, McCann, it's, Uber, — McCann, Lisa Greene, Lewis Organizations: Service, Business, Social Security, Social Security Administration Locations: Dallas, Lyft

Social media’s antisemitism problemThe rise in antisemitism since the outbreak of war in the Middle East has ignited a clash between Wall Street donors and universities, and divided some workplaces. Now, the pressure is building on social media platforms, particularly Elon Musk’s X and TikTok, with advertisers, celebrities and influencers pulling spending and confronting executives about the proliferation of hate speech. He posted to X his support for white nationalist conspiracy theories that Jewish communities were spreading hatred. Yaccarino was brought in to win back advertisers after Musk bought Twitter last year and culled many content moderators. More than a dozen Jewish celebrities and creators, including the actors Sacha Baron Cohen, Debra Messing and Amy Schumer, confronted TikTok executives this week.

Persons: Elon Musk’s, Adolf Hitler, Musk, X’s, Linda Yaccarino, Yaccarino, “ Linda, ” Martin Sorrell, DealBook, TikTok, Sacha Baron Cohen, Debra Messing, Amy Schumer, “ Hitler, Anne Frank ”, Cohen, ”, Osama bin, bin Laden, —, Alex Haurek, George Santos, Biden, Xi Jinping, Doug McMillon, Walmart’s, “, ” Brian Cornell, ’ Organizations: IBM, Media, America, Nazi Party, Apple, Oracle, Defamation League, Twitter, S4 Capital, House, Big, General Motors, Hyundai, Republican, Justice Department, Business, APEC, West Texas Intermediate, Consumers, Depot, Walmart Locations: TikTok, New York, Hong Kong, China, San Francisco, Beijing, Washington, U.S

☆ Bill Ackman's 3,138-word letter to the president of Harvard shows he's not slowing down in his fight against antisemitism
▼ + stars: | 2023-11-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Bill Ackman sent a 3,138-word letter to the president of Harvard on November 4. On Saturday, Ackman took to X — the platform formerly known as Twitter — to share a 3,138-word letter he sent to Harvard President Claudine Gay. AdvertisementAdvertisementIn the letter, Ackman outlined a seven-step plan that he says Harvard can take to reduce antisemitism on campus. Please see my below letter to the President of Harvard University sent today:November 4, 2023Dear President Gay,I am writing this letter to you regretfully. "I would be delighted to help in any way that I can to enable you to succeed in this mission and as Harvard's president.

Persons: Bill Ackman, Ackman, —, Bill Ackman isn't, X, Claudine Gay, Gay, …, Israel, wouldn't, Nikki Haley, MSNBC's Mehdi Hasan, Hasan, Winston, Strawn, he's Organizations: Harvard, Service, Israel, Harvard Business School, Palestine, Harvard University, Hamas, GOP, New York University, Ackman Locations: Israel

☆ Bill Ackman went on a crusade to publicly out Harvard's anti-Israel students. He's having second thoughts.
▼ + stars: | 2023-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Bill Ackman seems to be reconsidering his earlier calls to out anti-Israel Harvard students. AdvertisementAdvertisementAfter calling on Harvard University to reveal the names of students who signed an anti-Israel letter last month, billionaire Bill Ackman isn't so sure anymore. Compare the generational differences on support for Hamas," Ackman wrote. The poll also found that 48% of those between the ages of 25 and 34 felt Hamas' attacks were justified. AdvertisementAdvertisementFollowing Ackman's tweets, scrutiny on the Harvard letter prompted some co-signees groups to publicly withdraw their support for the statement.

Persons: Bill Ackman, Ackman, —, Bill Ackman isn't, Israel, Claudine Gay Organizations: Israel Harvard, Harvard, Service, Harvard University, Google, Social, Hamas, Harvard's Center, American Political Studies, Harris Locations: Israel, Hamas

☆ 'You only get Social Security while you're alive,' expert says. What happens to benefits after you die
▼ + stars: | 2023-10-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

"You only get Social Security while you're alive," said Bruce Tannahill, a director of estate and business planning with MassMutual. "People need to take into account how important Social Security is in their estate planning," said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. There are some key takeaways to know about what happens to Social Security benefits in the event you or a loved one passes away. If someone receives their monthly Social Security payment and then dies, the Social Security Administration may not take the money back, according to Blair. If a deceased beneficiary was due a Social Security check or a Medicare premium refund when they died, a claim may be submitted to the Social Security Administration.

Persons: Bruce Tannahill, Jim Blair, Blair, Tannahill, Joe Elsasser, Elsasser Organizations: Getty, Social, Premier Social Security Consulting, Social Security, Finance, Social Security Administration, Security

☆ Gen Z lack workplace skills like debating and seeing different points of view because they spend too much time on social media, TV boss says
▼ + stars: | 2023-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Channel 4 boss Alex Mahon blames social media for Gen Z's lack of communication skills at work. Mahon pointed out that young workers don't have the "skills to debate things" or even to "disagree." Alex Mahon, the CEO of British network Channel 4, blamed social media for Gen Z's shortcomings in the workplace at a conference with the Royal Television Society in Cambridge. AdvertisementAdvertisementResearch commissioned by Channel 4 found that people across the UK watch over five hours of video content a day on average, with short form video content being preferred over live television. The research found that people associated viewing short form video content with the feeling of being out of control.

Persons: Alex Mahon, Mahon, Gen Z, haven't, you've Organizations: Service, The Telegraph, Daily Mail, British, Royal Television Society, YouTube, Channel, Big, KPMG, PWC, Deloitte Locations: Wall, Silicon, British, Cambridge

☆ DraftKings apologizes for 9/11-themed ‘Never Forget’ parlay bet
▼ + stars: | 2023-09-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —DraftKings issued an apology Monday after offering a 9/11-themed bet in its app. “Bet on these New York teams to win tonight on 9/11,” the offering read. A parlay bet combines multiple wagers into one single bet. DraftKings offered a mea culpa for its decision to provide a 9/11-themed bet, saying the company respects the “significance of this day.”“We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11. DraftKings is not the first US company to spark backlash after offering a 9/11-themed social media post or marketing gimmick.

Persons: CNN — DraftKings, ”, “, DraftKings, ” “, ” DraftKings, Mike Bonano Organizations: CNN, New York Mets, New York Yankees, New York Jets, Twitter, New York, Walmart, World Trade, New Locations: Florida, San Antonio, New York

July 24 (Reuters) - Billionaire Elon Musk's decision to rebrand Twitter as X could be complicated legally: companies including Meta (META.O) and Microsoft (MSFT.O) already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. Microsoft since 2003 has owned an X trademark related to communications about its Xbox video-game system. Meta and Microsoft likely would not sue unless they feel threatened that Twitter's X encroaches on brand equity they built in the letter, Gerben said. Insider reported earlier that Meta had an X trademark, and lawyer Ed Timberlake tweeted that Microsoft had one as well.

Persons: Elon, Josh Gerben, Gerben, Meta, Douglas Masters, Loeb, Ed Timberlake, Blake Brittain, Sheila Dang, Peter Henderson, Sonali Paul Organizations: Twitter, Meta, Microsoft, Facebook, Thomson Locations: Washington

☆ Meta, Microsoft, hundreds more own trademarks to new Twitter name
▼ + stars: | 2023-07-25 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft (already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. Microsoft since 2003 has owned an X trademark related to communications about its Xbox video-game system. Meta Platforms - whose Threads platform is a new Twitter rival - owns a federal trademark registered in 2019 covering a blue-and-white letter “X” for fields including software and social media. Meta and Microsoft likely would not sue unless they feel threatened that Twitter’s X encroaches on brand equity they built in the letter, Gerben said.

Persons: Reuters — Billionaire Elon, “, ”, Josh Gerben, Nikolas Kokovlis, Gerben, Meta, Douglas Masters, Loeb, Ed Timberlake Organizations: Reuters — Billionaire, Twitter, Meta, Microsoft, Elon, Getty, Facebook Locations: Athens, Greece

☆ McDonald's Grimace-themed social media craze can also boost its shares, Truist says
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The social media success of McDonald's Grimace-themed birthday meal could be good news for the fast food chain's earnings and share price, according to Truist. Analyst Jake Bartlett raised his price target on McDonald's, which he rates a buy, to $335 from $327 previously. A highlight of the meal for customers — and a centerpiece of a social media craze — was a purple-colored, berry-flavored milkshake. To be sure, Bartlett said Truist data shows multiple other chains talso beating expectations for sales in the latest quarter amid surging demand. Of eight chains, data shows just two — Wendy's and Chipotle — could see slight misses on sales forecasts, he wrote.

Persons: McDonald's, Jake Bartlett, —, Barlett, Trisha Paytas, Bartlett, Chipotle, — CNBC's Michael Bloom Locations: Monday's

☆ Russia says West is sponsoring 'nuclear terrorism' after Ukrainian drone strike
▼ + stars: | 2023-07-14 | by ( Andrew Osborn | ) www.reuters.com time to read: +3 min

MOSCOW, July 14 (Reuters) - Russia accused the West on Friday of sponsoring "nuclear terrorism" after authorities said a Ukrainian drone had struck the western Russian town of Kurchatov, where a nuclear power station similar to the ill-fated Chernobyl plant is located. "A drone crashed in the town of Kurchatov overnight," Starovoit said on the Telegram messaging app. There was no immediate reaction from Ukraine, which is regularly subjected to massed Russian drone attacks and seldom comments on its own suspected drone and sabotage attacks inside Russia. "People in NATO countries should realise that their governments are sponsoring nuclear terrorism by the Kyiv regime." Russia and Ukraine have long accused each other of risking a nuclear catastrophe at another facility - the Zaporizhzhia nuclear power plant on Russian-controlled territory in southern Ukraine - through shelling.

Persons: Roman Starovoit, Starovoit, Maria Zakharova, Dmitry Peskov, Alexei Likhachev, Andrew Osborn, Gareth Jones, Peter Graff Organizations: RUSSIAN, Kremlin, Russian Foreign Ministry, Foreign, NATO, Thomson Locations: MOSCOW, Russia, Ukrainian, Russian, Kurchatov, Roman, Russia's Kursk, Ukraine, Soviet, Kyiv

☆ Social media is driving teen mental health crisis, surgeon general warns
▼ + stars: | 2023-05-23 | by ( Erika Edwards | Hallie Jackson | ) www.cnbc.com time to read: +4 min

The report, released Tuesday, calls attention to growing concerns about the effects of social media use on children and adolescent's mental health. The advisory urges policymakers and the companies that make the social media platforms to share with parents the burden of managing children's and adolescents' social media use. About a third say they're scrolling, posting or otherwise engaged with social media "almost constantly." The surgeon general's report also blamed social media for perpetuating eating disorders, body dysmorphia and low self-esteem. Twenge said social media can affect mental health in a variety of ways.

Persons: Vivek Murthy, Murthy, Jim Steyer, Jean Twenge, Gen X, Silents, Twenge, that's Organizations: Media, Pew Research Center, San Diego State University

☆ US banks rethink social media as a threat, not a marketing tool
▼ + stars: | 2023-05-18 | by ( Nupur Anand | ) www.reuters.com time to read: +5 min

Greg Becker, the former CEO of Silicon Valley Bank, blamed social media as an "unprecedented" factor in the lender's demise. The former CEO of First Republic Bank, Michael Roffler, also blamed social media for its collapse two months later. Bank executives and directors have ordered their companies to add social media into risk-management programs, according to regional bank executives who declined to be identified because the discussions are private. "NIP IT IN THE BUD"Banks are also contacting customers who complain on social media to address their issues quickly. The Financial Stability Board, an international body, is also investigating the role of social media in recent market turmoil, a source said.

☆ Luckin Coffee — the Starbucks of China — is punishing staff for getting drink orders wrong by making them copy down lines of customer complaints: report
▼ + stars: | 2023-05-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Luckin Coffee is punishing staff by making them copy lines of customer complaints, Jiupai News reported. A Luckin customer service rep told the outlet the punishment aimed to encourage staff to read customers' notes. Punishing adults with copying lines is humiliating," read another response to the post. Luckin Coffee did not immediately respond to Insider's request for comment. A Luckin customer service staff told Jiupai News in April that it often receives customer complaints about wrong orders and the punishment was being administered so that staff does not forget to read customers' notes.

☆ FTC says Meta should be barred from monetizing data from younger users
▼ + stars: | 2023-05-03 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

The FTC said Meta should be banned from monetizing data it collects from younger users. In a statement on Wednesday, Meta spokesman Andy Stone called the FTC proposal “a political stunt” and vowed to contest the effort. Meta had allowed personal information to leak to apps that users of the platform were no longer using, the FTC alleged. That data sharing, the FTC claimed, contrasted with Meta’s public statements about how it cuts off a third-party app’s access to Facebook users’ information if the users stop using the third-party app for 90 days. In a statement, Bedoya said he was skeptical whether there was enough of a connection between Meta’s alleged harms and the proposed remedies to legally sustain a complete ban on monetizing the data of young users.

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

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