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☆ Brazil could suspend social media sites over school violence content
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Brazil could fine or suspend social media companies that do not effectively regulate content related to school violence, Justice Minister Flavio Dino said on Wednesday. The new measures, set to be published through an ordinance on Wednesday, seek to curb threats of school violence in the country, which have soared after two separate attacks left five dead in recent weeks. The Supreme Court is currently discussing this law's scope and validity. In March, Meta Platforms (META.O) and Alphabet's Google (GOOGL.O) appeared before Brazil's Supreme Court to defend the law, while the government looks to expand regulation over social networks. Dino said Brazil's consumer secretariat will immediately start determining each company's responsibility in proactively regulating harmful content to students.

March 9 (Reuters) - Bytedance's TikTok Inc persuaded a federal jury in Los Angeles on Thursday that its Stitch feature does not violate trademark rights belonging to British video-editing company Stitch Editing Ltd. The jury rejected Stitch Editing's argument that TikTok confuses consumers by using the Stitch name to brand the popular social-media platform's technology for "stitching" videos together. It sued in 2021 over TikTok's Stitch technology, which allows users to splice other videos on the platform into their own. Stitch Editing told the court that TikTok's use of "Stitch" gave users the mistaken impression that the companies are affiliated and threatened to drown out its brand. The case is Stitch Editing Ltd v. TikTok Inc, U.S. District Court for the Central District of California, No.

☆ Exclusive: Snapchat kicks few children off app in Britain, data given to regulator shows
▼ + stars: | 2023-03-03 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

These restrictions are intended to protect the privacy and safety of young children. The regulator also found Snapchat was the most popular app for underage social media users. RISKS TO YOUNG CHILDRENSocial media poses serious risks to young children, child safety advocates say. Richard Collard, associate head of child safety online at the NSPCC, said it was "incredibly alarming" how few underage users Snapchat appeared to be removing. Britain, like the European Union and other countries, has been seeking ways to protect social media users, in particular children, from harmful content without damaging free speech.

For the most part, Mastodon looks like Twitter, with hashtags, political back-and-forth and tech banter jostling for space with cat pictures. People swap posts and links with others on their own server - or Mastodon "instance" - and also, almost as easily, with users on other servers across the growing network. But the jump in Mastodon users in a matter of days has still been startling. loadingBefore Musk completed the Twitter acquisition on Oct. 27, Mastodon's growth averaged 60-80 new users an hour, according to the widely-cited Mastodon Users account. Rochko started Mastodon in 2017, when rumours were spreading that PayPal founder and Musk ally Peter Thiel wanted to buy Twitter.

☆ Exclusive: Twitter is losing its most active users, internal documents show
▼ + stars: | 2022-10-25 | by ( Sheila Dang | ) www.reuters.com time to read: +6 min

The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples of celebrities ghosting their own accounts. Twitter was motivated to investigate “disturbing” trends among users that may have been masked by overall growth in daily active users and better understand the decline in the company’s most active users, the documents said. Twitter’s most active English-speaking users were also increasingly interested in cryptocurrencies, reaching an all-time high in late 2021, the internal documents showed. ‘DEVASTATING’ LOSSESTopics that have traditionally made Twitter a popular platform for its millions of users are now in decline among the most active English-speaking users, the documents show. But the categories have since lost the highest number of heavy Twitter users and have shown no signs of recovery, the report said.

☆ Oracle insiders say that even its all-important cloud unit is being dragged down by new restrictions on hiring — a major turnaround for a unit that usually gets whatever it wants
▼ + stars: | 2022-10-24 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. Its marketing and customer experience, or CX, divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure , or OCI, appeared to remain untouched. The restrictions inside OCI in particular follow a period of rapid hiring in 2021, when cloud firms raced to give candidates lucrative packages to win talent, the employee said. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Oracle employees say new location-based hiring restrictions are even impacting the cloud unit, which is the one place the typically frugal company was always willing to spend big for talent
▼ + stars: | 2022-10-21 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. OCI is Oracle's big cloud computing bet, where the firm was always willing to spend top dollar. Its marketing and customer experience (CX) divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure (OCI), appeared to remain untouched. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on its labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Top tech analyst Laura Martin on why she's the only 'sell' rating on Meta, her other best calls
▼ + stars: | 2022-10-19 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Meta is worth selling even if others are enthusiastic about the stock, said Laura Martin, senior entertainment and internet analyst at Needham & Company. "Fifty buys, we're the one sell," Martin said on CNBC's "Power Lunch." The company has struggled to maintain relevance in recent years as younger platforms emerged. Martin called Meta's revenue "under pressure" as ByteDance's TikTok pulls engagement time and content creators away from its social media platforms Facebook and Instagram. Apple is the only of these stocks outperforming the Nasdaq in 2022, having shed about 19% this year.

☆ Atlantic Equities downgrades Meta on concerns of shrinking revenue growth, rising costs
▼ + stars: | 2022-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Cordwell said Meta will see about 11% growth in digital advertising excluding ad-search compared to topping 20% in previous years. That marks a turn from growth in market share before the pandemic and holding steady during it. Cordwell said growth in Instagram Reels is a reason for optimism, but that does not outweigh competitive pressure in other areas. Meanwhile, Meta is struggling to limit costs that will weigh on the bottom line more substantially as revenue growth slows, Cordwell said. "Our revised $160 YE23 PT requires a 14x FY24 PE, a ~10% discount to the market," Cordwell said.

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