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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
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
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
It affects everybody.”But while the practice isn’t new, Swift being targeted could bring more attention to the growing issues around AI-generated imagery. Her enormous contingent of loyal “Swifties” expressed their outrage on social media this week, bringing the issue to the forefront. … It’s a reckoning moment.”‘Nefarious reasons without enough guardrails’The fake images of Taylor Swift predominantly spread on social media site X, previously known as Twitter. Although it reportedly took 17 hours for X to take down the photos, many manipulated images remain posted on social media sites. Other social media companies also have reduced their content moderations teams.
Persons: megastar Taylor Swift, “ It’s, , Danielle Citron, , We’ve, Swift, “ Swifties ”, Taylor Swift, ” Citron, , there’s, Ben Decker, Decker, Karine Jean, Pierre, Francesca Mani, Raymond González, Anita ”, David Jones, Jones, Betsy Kline Organizations: CNN, University of Virginia School of Law, Ticketmaster, Twitter, Meta, White, Westfield High School, Westfield, Communications Locations: New Jersey, Spain, unmoderated
A court filing shows that Giuliani owes more than $1.3 million to the law firm Davidoff Hutcher & Citron. The lawyer Robert Costello sued Giuliani in September for $1.36 million in unpaid legal fees dating to 2019. Giuliani had planned to raise some of his legal defense money at two of Trump's properties, Andrew Giuliani previously said. "Yes, I gave Rudy $100,000 for his legal defense PAC and I was happy to do so," Elizabeth Ailes told CNBC. And the real estate investment firm Probity International, which is run by Trump donor Robert Zarnegin, gave $35,000 to the Giuliani PAC.
Persons: Rudy Giuliani, Donald Trump's, Andrew Giuliani, Caryn Borland, Giuliani, Borland, Caryn Hildenbrand, Caryn, Hildenbrand, Michael, Trump, Mike Pence, Caryn Borland's, Joe Biden, Davidoff Hutcher, Citron, Robert Costello, Elizabeth Ailes, Roger Ailes, Rudy, Ailes, Newsmax, Roger, Elizabeth, Donald Trump, Lewis Topper, Robert Zarnegin, Arnold Gumowitz, Andrew Giuliani's, Matthew Martorano, Martorano Organizations: New York, U.S, CNBC, Living Trust, Trump, Internal Revenue Service, The New York Times, Giuliani, Voting Systems, Washington , D.C, PAC, Fox, Fox News, Businessman, Probity International, Giuliani PAC, Trump Save America Locations: Washington , U.S, del Mar , California, Georgia, Washington ,, Bedminster
TECH'S JOB-CUTS JANUARY
  + stars: | 2024-01-24 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But by the third week of the month, layoffs had become a reality for many in tech. More than 70 tech companies have swung the ax so far this year, affecting more than 13,000 workers, according to tracker Layoffs.fyi. January is historically a common month for layoffs as companies adjust budgets and plans for a new year. In January 2023, more than 270 tech companies laid off nearly 90,000 employees, according to Layoffs.fyi.
Persons: , Sundar Pichai, Dan Clancy, it's, Jason Citron Organizations: Industry, Google, Service, Tech, Workers, Prime, Amazon MGM Studios, YouTube, eBay Locations: TikTok, overhiring
The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021. Discord will lay off 17% of the company's workforce, which equates to 170 employees, a spokesperson confirmed Thursday. Discord, which ranked 18th on CNBC's Disruptor 50 list for 2023, was valued at about $15 billion in 2021 at the height of the tech boom. Layoffs have been a big story across the tech landscape since the calendar turned to 2024. WATCH: Google to lay off hundreds as big tech layoffs continue
Persons: Jason Citron, Bob Carrigan Organizations: Google, Unity Software Locations: Warsaw, Poland
Alternatively called rum cake, fruit cake or great cake, this dessert most likely came to the Caribbean in the 18th century with English and Irish colonizers, who substituted local rum for whiskey in their traditional Christmas fruitcake. At some point, burnt sugar syrup was added, turning the cake almost black. It has been a West Indian holiday staple, as well as the go-to wedding cake, for centuries. The recipe for black cake is so storied it has even inspired a best-selling novel that has been adapted into a series on Hulu. Black cake baking is a cottage industry in the West Indies that continues among Caribbean immigrants worldwide.
Persons: , citron, prunes, , Deborah Charles, Organizations: Hulu Locations: Caribbean, West Indian, West Indies
WASHINGTON (AP) — A Senate committee has issued bipartisan subpoenas to the CEOs of Discord, Snap and X, demanding that the heads of the three companies testify at a December hearing on protecting children online. Senate Judiciary Committee Chairman Dick Durbin, D-Ill., and South Carolina Sen. Lindsey Graham, the top Republican on the panel, announced Monday that they had issued the subpoenas to Discord CEO Jason Citron, Snap CEO Evan Spiegel and Linda Yaccarino, the CEO of X, formerly known as Twitter, “after repeated refusals to appear” during weeks of negotiations. "Big Tech’s failure to police itself at the expense of our kids cannot go unanswered,” the two senators said in a statement. The committee said that “in a remarkable departure from typical practice," Discord and X refused to accept service of the subpoenas and the panel was forced to enlist the U.S. Durbin and Graham said the committee remains in discussions with both Meta and TikTok and expects their CEOs, Mark Zuckerberg and Shou Zi Chew, to testify voluntarily.
Persons: Dick Durbin, South Carolina Sen, Lindsey Graham, Jason Citron, Evan Spiegel, Linda Yaccarino, , X, Durbin, Graham, Mark Zuckerberg, Shou Zi Chew, Barbara Ortutay Organizations: WASHINGTON, , South, Republican, U.S . Marshals Service, Social, Meta, Facebook, Associated Press Locations: South Carolina, Washington, San Francisco
CNN —Tech CEOs are once again being summoned to Congress to testify about their business practices — and this time, the US Marshals Service is getting involved. On Monday, the Senate Judiciary Committee said it had subpoenaed three top social media executives — X CEO Linda Yaccarino, Snap CEO Evan Spiegel and Discord CEO Jason Citron — for a Dec. 6 hearing on children’s online safety and content moderation. “At our February hearing on protecting children’s safety online, we promised Big Tech that they’d have their chance to explain their failures to protect kids. In a statement, X said it has been cooperating with the committee. “We have been working in good faith to participate in the Judiciary committee’s hearing on child protection online as safety is our top priority at X,” said Wifredo Fernandez, head of US & Canada government affairs at X.
Persons: , Linda Yaccarino, Evan Spiegel, Jason Citron —, Mark Zuckerberg, Shou Zi Chew, Yaccarino, Citron, , Dick Durbin, Lindsey Graham, X, , Wifredo Fernandez, ” Meta, didn’t Organizations: CNN — Tech, US Marshals Service, Committee, US, Big Tech, Republican, Locations: Sens, Canada
Elon Musk's response to an antisemitic post has caused an uproar among some Tesla fans. Some Tesla owners and investors said they're looking to sell their cars and their stock over it. AdvertisementSome Tesla owners are sounding off after Elon Musk's latest online outburst that voiced support for an antisemitic tweet. AdvertisementAnother "livid and appalled" Tesla owner told BI they've already spoken to their financial advisor about selling their Tesla stock after over 10 years volunteering and investing in the company. AdvertisementAs a former Musk critic turned supporter and Tesla owner, I once admired Elon Musk for his anti-establishment stance, particularly as a father of a son with Asperger's.
Persons: Elon, Musk, , Elon Musk's, Tesla, Peter, Arthur Kulak, Ross Gerber, they've, Citron, Andrew Left, Elon Musk, Asperger's, who's Organizations: Service, Business, Tesla, Citron Research Locations: Vermont, Reddit
There are currently no federal laws in the United States against the creation and sharing of non-consensual deepfake pornography. This is the online landscape that has allowed creating and trading non-consensual deepfake pornography to develop into a thriving business. With advancements in artificial intelligence, deepfake pornography is becoming increasingly common — and it almost exclusively targets women. Deepfake porn sites are facilitated and enabled by search engines that drive web traffic toward deepfake content. In the US, however, only a handful of states have laws addressing non-consensual deepfake pornography, and many of them are limited in scope.
Persons: Sophie Compton, Reuben Hamlyn, , Taylor, deepfakes, , didn’t, Helen, , We’ve, Danielle Citron Organizations: CNN, Facebook, Communications, Amnesty International, Twitter, University of Virginia School of Law Locations: British, New York, New England, United States, England, Wales
Why Buddha's hand citron is so expensive
  + stars: | 2023-10-09 | by ( Pj Rickards | ) www.businessinsider.com   time to read: 1 min
Buddha's hand citron, also known as the fingered citron, is one of the oldest varieties of citrus. Its name is derived from its unusual shape, which also resembles a hand position for prayer. A single fingered citron can cost $25 but go as high as $170 depending on how well-shaped and magnificent it is. The farmers in this small Vietnamese town are reaping the financial benefits, but at what cost? And why exactly is Buddha's hand citron so expensive?
Persons: citron
The SEC's Boston regional office has been probing Freedom for months, according to documents seen by CNBC and people familiar with the matter. The U.S. Attorney's Office for Massachusetts is also making preliminary inquiries into Freedom, documents seen by CNBC show. Nearly 115,000 Freedom shares changed hands in the first half hour of trading, 1.25 times the stock's 10-day average. Turlov and Freedom are aware of the SEC probe, which has been going on for months, a person familiar with the matter told CNBC. An SEC spokesperson told CNBC that it doesn't comment on the existence or nonexistence of an investigation.
Persons: that's, Timur Turlov, Turlov, Hindenburg, Citron Organizations: Nasdaq, Securities, Exchange, CNBC, Boston, Attorney's, Massachusetts, SEC, DOJ, Justice, Hindenburg, Citron Research, Las, Trump, Financial, Financial Industry, Authority, Freedom Locations: Almaty, Kazakhstan, Russian, U.S, Kazakh, Central Asia, Eastern Europe, New York, Las Vegas, New
CNN —Cassidy Hutchinson, the former Trump White House aide, claims in a new book that Rudy Giuliani groped her backstage at the rally that preceded the former president’s supporters’ insurrection at the US Capitol on January 6, 2021. Rudy Giuliani speaks from The Ellipse near the White House on January 6, 2021. Waving a stack of documents, he moves towards me, like a wolf closing in on its prey,” Hutchinson writes. I lower my eyes and watch his free hand reach for the hem of my blazer,” Hutchinson writes. Giuliani’s legal issuesHutchinson’s claims come as Giuliani faces a series of legal issues, including millions of dollars in mounting legal bills.
Persons: CNN — Cassidy Hutchinson, Rudy Giuliani, Hutchinson, Donald Trump’s, Mark Meadows, Giuliani, Ted Goodman, Cassidy Hutchinson, ” Goodman, Rudy Giuliani —, , John Eastman, Brendan Smialowski, ” Hutchinson, , Rudy, , Meadows, Fani Willis, Davidoff Hutcher, Trump Organizations: CNN, Trump White House, Capitol, The Guardian, Trump, Getty, Eastman, New, Fulton, Trump’s Locations: New York City, AFP, Cheshire, Fulton County, Georgia
Rudy Giuliani's ex-lawyer has filed a lawsuit seeking nearly $1.4 million in unpaid bills. Costello and Giuliani's advisor Ted Goodman didn't immediately respond to requests for comment on Monday evening. One of Trump's PAC has also paid $340,000 to a legal records firm that Giuliani owed money to, records show. In July, a panel of the DC Bar recommended that Giuliani's law license be revoked. Giuliani isn't the only Trump ally to fail to pay legal fees to Costello.
Persons: Rudy Giuliani's, Giuliani, Donald Trump, Rudy Giuliani, Davidoff Hutcher, Citron, Robert Costello, Costello, Jack Smith's, Fani Willis, . Costello, Ted Goodman didn't, Eduardo Munoz Rudy Giuliani's, Trump, it's, Steve Bannon Organizations: Service, US, Office, of, New York City, New York Law, REUTERS, CNN, Trump's PAC, DC Locations: Wall, Silicon, Manhattan, Georgia, Southern, of New York, Bedminster , New Jersey, New York, Mexico
Discord CEO Jason Citron: 15% of our workforce is dedicated to trust and safetyJason Citron, Discord co-founder and CEO, joins 'Mad Money' host Jim Cramer to talk user growth, partnerships with Xbox and Playstation, user safety, the possibility of going public and more.
Persons: Jason Citron, Jim Cramer Organizations: Xbox
CNN —A New York judge has ordered Steve Bannon to pay his former attorneys nearly $500,000 in unpaid legal fees for work on various legal matters, including his fight against a subpoena by the congressional committee investigating the January 6, 2021, US Capitol attack. In a six-page order issued Friday, Judge Arlene Bluth ordered Bannon to pay $480,487.87 in unpaid bills as well as “reasonable legal fees” to his former lawyers who brought the lawsuit. “Defendant cannot receive the benefit of plaintiff’s legal representation and then insist he need not pay for it. An attorney representing Bannon in the litigation over past legal fees did not immediately respond to a request for comment. Bannon was convicted at trial of contempt of Congress for failing to respond to the subpoena and is appealing.
Persons: Steve Bannon, Davidoff Hutcher, Citron, Bannon, Arlene Bluth, , Bannon “, , Donald Trump Organizations: CNN, US, Southern, of, Manhattan Locations: York, of New York
A judge ordered former Trump White House aide Steve Bannon to pay a New York law firm $480,487 in unpaid legal bills. The judge noted that Davidoff Hutcher had been paid $375,000 for work for Bannon before he stopped paying the firm. "Clearly someone affiliated with defendant was getting these invoices and defendant admits he instructed his team to pay plaintiff," Bluth wrote. Bannon "cannot receive the benefit of plaintiff's legal representation and then insist he need not for it," the judge wrote. Bannon's former lawyer, Davidoff Hutcher partner Robert Costello, told CNBC that if Bannon "appeals, of course, the meter is running" on the unpaid fees he owes the firm.
Persons: Steve Bannon, Arlene Bluth, Davidoff Hutcher, Citron, Bannon, Davidoff Hutcher's, Bluth, Bannon's, Harlan Protass, Bannon —, Donald Trump, Davidoff, Robert Costello Organizations: White House, Financial, House, Trump White House, New, CNBC, D.C, Capitol Locations: Washington ,, New York, Manhattan, U.S, Mexico, Washington
Families of the dead Titan submersible passengers could sue OceanGate, a lawyer said. The families' lawyers will argue the risk waivers were void if there was gross negligence, he said. OceanGate could be sued by families of the Titan submersible passengers if investigations into its implosion find gross negligence – even though they'd signed waivers, a lawyer said. He expected their legal representatives would "make whatever arguments they can that this liability waiver will not apply if there's gross negligence." The passengers' families may be able to collect life insurance payouts despite signing waivers, two legal experts told Insider's Erin Snodgrass.
Persons: OceanGate, William Mack, they'd, Hutcher, Citron, Mack, David Lochridge, Stockton Rush, Insider's Erin Snodgrass Organizations: Morning, Titan, Transportation, Board, US National Transportation, US Coast Guard, NTSB, Stockton
PodCo produces podcasts themed around Nickelodeon and Disney Channel shows from the past two decades. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Spotify and Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written to him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
Persons: Stevens, Christy Carlson Romano, Brendan Rooney, Kim, Ned Bigby, Harper Finkle, PodCo, Rooney, Krystal Eve, Carlson Romano, Ren Stevens, Jenna Fischer, Angela Kinsey, Selena Gomez, Jennifer Stone, David DeLuise, Stone, Lee Citron, Stone —, California —, , it's, wouldn't, Alyson Stoner, Zack, Cody, Devon Werkheiser, Werkheiser, Scott Simock, PodCo's, Reed Alexander Organizations: Nickelodeon, Disney Channel, Wizards, Marine Corps, Columbia University, American Film Institute, Apple, PodCo, Edison Research, Triton, Intelligence, Disney, Paramount, Netflix, YouTube, Social, Spotify Locations: Waverly, Hollywood, NBC's, California, TikTok, Texas
"Even Stevens" star Christy Carlson Romano and her husband, Brendan Rooney, founded the startup. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written into him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.
Women's NCAA roundup: No. 1 S. Carolina rolls past UCLA
  + stars: | 2023-03-25 | by ( ) www.reuters.com   time to read: +2 min
Mandatory Credit: Jim Dedmon-USA TODAY SportsMarch 25 - Brea Beal had 10 points, seven rebounds and four assists as No. 1 South Carolina advanced to its third consecutive Elite Eight with an easy 59-43 victory over No. 4 UCLA on Saturday in the Greenville Regional 1 at Greenville, S.C.South Carolina - the tournament's top overall seed - led wire-to-wire in a game where UCLA trailed by double digits for the majority of the second half. UCLA (27-10) was powered by Charisma Osborne's 14 points and seven rebounds. Playing without injured starting guards Olivia Miles and Dara Mabrey, Sonia Citron led the Irish with 14 points, four assists and seven rebounds.
Robert Costello on Monday after testifying before a grand jury investigating Donald Trump. The Manhattan grand jury investigating Donald Trump’s role in a hush-money payment to a porn star heard Monday from what is likely to be its last witness, while law-enforcement officials planned for a potential indictment of the former president as soon as this week. Robert Costello, a partner in the New York office of Davidoff Hutcher & Citron LLP and former federal prosecutor, appeared before the grand jury at the request of Mr. Trump’s lawyers. Mr. Costello in 2018 advised Michael Cohen , a former Trump lawyer and key witness in the hush-money probe, while Mr. Cohen was facing federal scrutiny for multiple offenses.
Women's NCAA roundup: No. 8 Ole Miss upsets No. 1 Stanford
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +7 min
8 Ole Miss Rebels to their first Sweet 16 since 2007 by preventing No. Stanford (29-6) was led by Cameron Brink, who had 20 points, 13 rebounds and seven blocks, while Haley Jones chipped in 16 points and eight rebounds. Grace Stone had 16 points and Ellie Mitchell finished with nine points, 18 rebounds and three blocks. Elena Tsineke scored 20 points to pace South Florida (27-7), while Sammie Puisis finished with 11 points and four rebounds. The Irish closed the game on a 10-5 run, getting seven points from Citron during that stretch.
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