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☆ Oracle's Larry Ellison is now the world's 4th-richest person after a $57 billion wealth surge this year
▼ + stars: | 2024-09-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Larry Ellison surged past LVMH chief Bernard Arnault to become the world's fourth-richest person. Oracle's cofounder is worth $181 billion after gaining nearly $58 billion this year, per Bloomberg. Go to newsletter preferences Thanks for signing up! AdvertisementLarry Ellison has overtaken Bernard Arnault to become the world's fourth-richest person with a $181 billion fortune. His net worth has soared by $57.8 billion since then, making him the third-biggest wealth gainer after Meta CEO Mark Zuckerberg, up $61.4 billion, and Nvidia CEO Jensen Huang, up $58.5 billion.

Persons: Larry Ellison, Bernard Arnault, —, leapfrogged, Ellison, Mark Zuckerberg, Jensen Huang Organizations: Bloomberg, Service, Nvidia, Business

☆ A growth stock showing signs of a breakout even as investors rotate out of group before Fed
▼ + stars: | 2024-09-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I wonder if this is collectively the same group that doubted the bull market when it was rallying on narrow breadth led by the Mag 7. Today we'll revisit Meta (META) , the second largest market cap name in the sector behind Alphabet. I currently hold a 7% target allocation in my Tactical Alpha Growth (TAG) portfolio and a 2% target allocation in my Strategic Income & Growth (SIG) portfolio at Inside Edge Capital. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: ( Gordon owns META in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Elliott, I'm, Zuckerberg, Todd Gordon, Gordon Organizations: Netflix, Spotify, CNBC Pro, Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Instagram will force millions of teens into protected accounts
▼ + stars: | 2024-09-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

Instagram will automatically apply the new “teen accounts” settings to all users under the age of 18. The revision will allow teen users to receive messages only from people they are already connected to. The shift limits the types of “sensitive” content teens can see on their Explore page and in Reels, such as posts promoting cosmetic procedures. Teen users will also receive time limit reminders nudging them to leave after spending 1 hour on the app each day. The company says it is implementing artificial intelligence technology that will aim to identify teen accounts that may have wrongly listed an adult birthdate.

Persons: Instagram, ”, ramped, Arturo Bejar, Mark Zuckerberg, Zuckerberg, Meta, ’ Organizations: New, New York CNN, Tuesday, Meta, Teen, Advisory Locations: New York, United States, United Kingdom, Canada, Australia

☆ Meet the Enigmatic Man Who Oversees Larry Page's Google Fortune
▼ + stars: | 2024-09-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +22 min

His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.

Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, —, Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji

☆ How pregnancy changes the brain
▼ + stars: | 2024-09-16 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

CNN —Researchers have created one of the first comprehensive maps of how the brain changes throughout pregnancy, substantially improving upon understanding of an understudied field. What brain changes mean for parentsThe functional implications these brain changes may have for birthing parents have yet to be determined, said Dr. Elseline Hoekzema, head of the Pregnancy and the Brain Lab at Amsterdam University Medical Center, via email. However, some of Hoekzema’s previous work has indicated associations between pregnancy-related brain changes and the ways a birthing parent’s brain and body respond and bond to infants’ cues, Hoekzema added. These findings are also in line with animal studies showing brain changes that were critical for the onset and continuation of maternal care. “Of the 50,000 brain imaging articles published in the last 30 years, less than half of 1% focus on health factors unique to women, like pregnancy.

Persons: Elizabeth R, Chrastil, ”, Emily Jacobs, ” Jacobs, Jacobs, Jodi Pawluski, Pawluski wasn’t, Magdalena Martínez García, wasn’t, Elseline Hoekzema, Hoekzema wasn’t, Hoekzema, ” Pawluski, “, ” Hoekzema, Pawluski, haven’t, Ann S, Bowers, Chan Zuckerberg, we’ve Organizations: CNN —, Neuroscience, University of California, UC Santa Barbara, Jacobs Lab, Amsterdam University Medical Center, Brain Health Initiative Locations: Santa Barbara, France, Spain

☆ Amazon drops the hammer on remote work and orders employees back to the office 5 days a week starting January
▼ + stars: | 2024-09-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +11 min

The rule further tightens the requirement from last year that workers be on-site at least three days a week. "If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits," Jassy said. And Meta's Mark Zuckerberg helped kick off the org-chart flattening trend when he criticized "managers managing managers" at the start of his "year of efficiency" in 2023. If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits. Before the pandemic, not everybody was in the office five days a week, every week.

Persons: Jassy, we've, Jassy's, Mark Zuckerberg, Dominick, we're, I've, it's, It's, Andy Organizations: Walmart, Bloomberg, Business, Healthcare, U.S, Puget Sound Locations: NYC, Arlington, Europe

☆ Meet the 10 biggest wealth gainers this year — who've added a combined $360 billion to their fortunes in 2024
▼ + stars: | 2024-09-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The 10 biggest wealth gainers have added a collective $360 billion in net worth so far in 2024. Nvidia's Jensen Huang, Meta's Mark Zuckerberg, and Oracle's Larry Ellison are up over $50 billion. Go to newsletter preferences Thanks for signing up! AdvertisementTen people have grown their personal fortunes by a combined $360 billion this year — a sum larger than the market value of Coca-Cola ($307 billion), Bank of America ($301 billion), or Netflix ($295 billion). This year's biggest wealth gainers include Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and Oracle chairman Larry Ellison.

Persons: Nvidia's Jensen Huang, Meta's Mark Zuckerberg, Larry Ellison, Jeff Bezos, Warren Buffett, —, Jensen Huang, Mark Zuckerberg Organizations: Walmart, Service, Bank of America, Netflix, Nvidia, Business

☆ Elon Musk now travels with up to 20 bodyguards who refer to him by the code name 'Voyager,' report says
▼ + stars: | 2024-09-13 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's the code name that Elon Musk's security team uses to refers to him, The New York Times reported as part of an investigation into the Tesla CEO's protective services. This story is available exclusively to Business Insider subscribers. AdvertisementIn 2022, Business Insider revealed that Musk secretly bought a house after his former address became public knowledge. Related storiesA Tesla SEC filing revealed that Musk's security company billed the company $2.4 million in 2023 and another $500,000 through February 2024, representing just a portion of Musk's total security expenses.

Persons: —, Musk, He's, Errol, Mark Zuckerberg's, Tim, Tesla, Zachary Kirkhorn Organizations: Service, NASA, Elon, New York Times, Business, Times, SEC, Errol's, Apple, Tesla's Locations: bitcoin, Nevada, Texas

☆ Jensen Huang is $60 billion richer this year thanks to Nvidia's soaring stock — and just rejoined the $100 billion club
▼ + stars: | 2024-09-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Jensen Huang has grown about $14 billion richer in four days thanks to Nvidia's soaring stock. He's rejoined the $100 billion club after an unmatched $60.5 billion rise in his wealth this year. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Jensen Huang, He's, Mark Zuckerberg, Larry Ellison, —, Jensen Organizations: Service, Nvidia, Bloomberg, Business

☆ Mark Zuckerberg reveals his '20-year mistake'
▼ + stars: | 2024-09-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Read previewMark Zuckerberg is opening up about one of his biggest regrets from his two decades of running Facebook, now Meta. But Zuckerberg, with some newfound swagger and a new T-shirt he designed, kicked things off by saying he was done apologizing, TechCrunch reported. "And my guess is if the IPO was a year-and-a-half mistake, I think that the political miscalculation was a 20-year mistake." "Still not my best thing, but getting a bit more comfortable just being me as I get older." As the Facebook cofounder enters his 40s and reflects on his decades at the helm of Facebook, one thing is increasingly clear: Zuckerberg is in his unapologetic era.

Persons: —, Zuckerberg, wasn't, Casey, hasn't, Meta, Newton, — Zuckerberg, GOP Sen, Josh Hawley, He's, Elon Musk Organizations: Service, Chase Center, TechCrunch, Business, Facebook, Meta, GOP, Elon Locations: San Francisco, Newton, Myanmar, Cambridge

☆ Meet the 15 members of the $100 billion club — who are jointly worth more than Amazon or Google
▼ + stars: | 2024-09-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The elite group worth more than $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates. The 15 members have grown about $280 billion richer this year and are jointly worth $2.2 trillion. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people on the planet with a net worth above $100 billion.

Persons: Elon Musk, Jeff Bezos, Bill Gates, Jim Walton, —, Mark Zuckerberg, Warren Buffett Organizations: Elon, Walmart, Service, Business

☆ Meta offered 'unacceptable' response to concerns over illicit drug ads on Facebook and Instagram, congressman says
▼ + stars: | 2024-09-12 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns about illicit drug advertisements on Facebook and Instagram. "Meta's response not only ignores most of the questions posed in our letter, but also refuses to acknowledge that these illicit drug ads were approved and monetized by Meta and allowed to run on their platforms," Walberg said in a statement. In its letter to lawmakers, Meta Vice President of Global Legal Strategy Rachel Lieber said that the company shares lawmakers' concerns "about the public safety and health threat caused by the opioid epidemic." Meta is "profiting from proving paid amplification to drug trafficking sites that would not have the reach without Meta's advertising platforms." Read Meta's letter to lawmakers below:

Persons: Mark Zuckerberg, Emily Chang, Tim Walberg, Meta, Walberg, Rachel Lieber, Lieber, Katie Paul, Paul, Zuckerberg, Read Organizations: Meta, Inc, Republican, Facebook, . Michigan, Wall Street Journal, Tech Transparency, Global, CNBC Locations: Menlo Park , California, San Francisco

☆ Mark Zuckerberg could become the richest person on the planet after a $51 billion wealth surge this year
▼ + stars: | 2024-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg could become the world's wealthiest person after surging up the rich list. The Meta CEO has gained $51 billion this year and recently ranked third in net worth. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg has rocketed up the ranks of the world's richest people — and could take the top spot for the first time. Zuckerberg sits in fourth place at the time of writing, behind Tesla's Elon Musk (worth $248 billion), Amazon's Jeff Bezos (worth $202 billion), and LVMH's Bernard Arnault (worth $180 billion).

Persons: Zuckerberg, Jeff Bezos, —, Mark Zuckerberg, Tesla's Elon Musk, LVMH's Bernard Arnault Organizations: Elon, Service, Meta, Facebook, Bloomberg, Business

☆ Bill Gates and other billionaires can learn from MacKenzie Scott's giving, a philanthropy expert says
▼ + stars: | 2024-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewFrom Bill Gates and Warren Buffett to Jeff Bezos and Mark Zuckerberg, billionaires are the power players of philanthropy. It's not possible to generalize, but billionaires' philanthropic contributions likely do not outweigh the negative aspects of wealth inequality. For every Chuck Feeney or 'good' billionaire, there is an Elon Musk or Bill Gates, both with questionable practices. Bill Gates is an example. How does MacKenzie Scott's philanthropy differ from how other billionaires typically approach giving, and what lessons can they learn from her?

Persons: —, Bill Gates, Warren Buffett, Jeff Bezos, Mark Zuckerberg, It's, MacKenzie Scott, Bezos, Hans Peter Schmitz, Bob, Carol Mattocks, Gates, Scott, Chuck Feeney, Elon Musk, Melinda Gates, Ramin Talaie, Getty, MacKenzie Organizations: Service, Business, Nonprofit Leadership, North Carolina State University, Melinda Gates Foundation, Gates Foundation, Black Colleges, Universities, Third

☆ Mark Zuckerberg just sold out a stadium
▼ + stars: | 2024-09-11 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg is apparently selling out stadiums now. The Meta CEO was a guest on a live show of the "Acquired" podcast at Chase Center in San Francisco on Tuesday. Go to newsletter preferences Thanks for signing up! AdvertisementMark Zuckerberg does plenty of podcast interviews, and this week he managed to sell out a stadium doing so. The Meta CEO was the leading guest at a live event Tuesday night by the popular "Acquired" podcast, held at Chase Center in San Francisco.

Persons: Mark Zuckerberg, —, Ben Gilbert, David Rosenthal, It's Organizations: Chase Center, Service, Business Locations: San Francisco

President Donald Trump and his first attorney general, Jeff Sessions, in Quantico, Va., on Dec. 15, 2017. “Please beware that this legal exposure extends to Lawyers, Political Operatives, Donors, Illegal Voters, & Corrupt Election Officials." Since leaving the Trump administration, Clark has argued that the attorney general should not be independent. Davis told NBC News that he does not expect he would fill the role of acting attorney general but that another Trump ally could. Donald Trump, left, and Attorney General William Barr at the White House on May 22, 2019.

Persons: Donald Trump, Trump, “ Trump, ”, Stephen Gillers, Mark Zuckerberg, Jeff Sessions, Evan Vucci, ” Trump, “, Joe Biden, Kamala Harris, Nancy Pelosi, Anthony Fauci, Bill Gates, Jack Smith, Barack Obama, Liz Cheney, Richard Nixon’s, Robert Mueller, general’s, Jeffrey Clark, Jose Luis Magana, Clark, Russ Vought, —, ” Clark, Mike Davis, Sen, Chuck Grassley, Neil Gorsuch, ” Davis, Hillary Clinton, George Soros, Davis, General Merrick Garland’s, Trump’s, Stephen Richer, ” Richer, Ilya Somin, Gene Hamilton, William Barr, Chip Somodevilla, Hamilton, ” Gillers, Zuckerberg Organizations: of Justice, New York University Law School, ”, and Drug Administration, Centers for Disease Control, WIN, Political, Illegal Voters, Democratic National Convention, Republican, Justice Department, White, White House, Democratic, Trump, Conservative Political, DOJ, “, Supreme, Washington , D.C, NBC News, Trump DOJ, Capitol, D.C, FBI, George Mason University, Partisan, America, NYU Locations: Quantico, Va, Oxon Hill, Md, America, Iowa, Washington ,, Albany , Atlanta, New York City, Palm Beach, Phoenix, Fort Pierce , Florida, Lago, Maricopa County , Arizona

☆ Trump said Mark Zuckerberg told him there's 'no way I can vote for a Democrat' after the assassination attempt. But Zuckerberg is pushing back on that.
▼ + stars: | 2024-09-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Trump claimed that Mark Zuckerberg told him there's "no way I can vote for a Democrat." He said that Zuckerberg made the remarks in a phone call after his assassination attempt. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump strongly implied that Meta CEO Mark Zuckerberg would be voting for him in the 2024 election. "Mark Zuckerberg called up and said, 'I've never supported a Republican before, but there's no way I can vote for a Democrat in this election,'" Trump told the outlet.

Persons: Trump, Mark Zuckerberg, there's, Zuckerberg, that's, —, Donald Trump, I've Organizations: Service, New York Magazine, Republican, Business Locations: Butler , Pennsylvania

☆ Top 10 people most likely to reach trillionaire status
▼ + stars: | 2024-09-06 | by ( Robert Frank | ) www.nbcnews.com time to read: +3 min

According to a new report from Informa Connect Academy, which predicts trillionaire status based on average annual growth rate in wealth, Tesla CEO Elon Musk will likely be the first trillionaire. Musk is currently the world’s richest person, with $251 billion, according to the Bloomberg Billionaires Index. The second to reach trillionaire status, according to the report, will be India’s Gautam Adani, founder of the Adani Group conglomerate. If Adani maintains his recent annual growth rate of 123%, the report says he will be a trillionaire in 2028. The report predicts Pangestu could reach trillionaire status by 2028.

Persons: ”, John D, Rockefeller, Berkshire Hathaway, Warren Buffett’s, Elon Musk, Musk, Gautam Adani, Adani, Jensen Huang, Pangestu, Bernard Arnault, Mark Zuckerberg, Jeff Bezos, wouldn’t, Larry Page, Sergey Brin Organizations: “, New York Times, Berkshire, Nvidia, Informa Connect Academy, Bloomberg, Connect, Adani Group, Barito, Meta, Google

☆ The hottest gift you can give a tech bro isn't something new — it's something old
▼ + stars: | 2024-09-06 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

It's another example of how tech bros aren't necessarily interested in modern gift trends. Net-a-Porter's former top personal shopper told BI many tech bros get a thrill from owning history. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But when it comes to tech bros and the types of gifts they like to give and receive, it's all about the "something old."

Persons: Mark Zuckerberg, Priscilla Chan, —, Aaron Mok Organizations: bros, Service, Tech, Business, US Bureau of Labor Statistics

☆ With tech stocks on the sale rack, here are levels to buy Meta and 3 other megacaps
▼ + stars: | 2024-09-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, given that September has historically been the worst month of the year for the market, we're layering in some technical analysis to identify some buy levels. We published our prior buy levels analysis on June 26. Clearly, we should have been a bit more conservative in our buy levels, however, in our defense shares only traded below $162 for two days. However, we must be mindful that a move there would once again mean we've broken below the 200-day moving average. Below that and we're looking for the 200-day moving average to hold at around $89 apiece.

Persons: we're, we've, that's, wouldn't, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg, Emily Chang, Jason Henry Organizations: Microsoft, Nvidia, Club, CNBC, Meta, Inc, Bloomberg, Getty Locations: Menlo Park , California

☆ With Musk’s X banned in Brazil, its users carve out new digital homes
▼ + stars: | 2024-09-05 | by ( ) www.cnbc.com time to read: +5 min

Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.

Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, —, Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife

☆ Trump can soon tap his $2 billion Truth Social fortune. But it won’t be easy
▼ + stars: | 2024-08-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —For months, former President Donald Trump has been sitting on a social media fortune that he couldn’t touch. As recently as May 9, Trump’s dominant stake of 114.75 million shares of Trump Media was valued at $6.2 billion. Despite the recent selloff, Trump Media is still valued at nearly $4 billion. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media. Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

Persons: Donald Trump, Trump, ” Michael Ohlrogge, Kamala Harris, ”, Charles Whitehead, Elon Musk, Mark Zuckerberg, Phillip Juhan, Scott Glabe, Andrew Northwall, Vladimir Novachki, Devin Nunes, Jay Ritter, ” ‘, “ It’s, ” Ritter, “, can’t, ” Ohlrogge, Ohlrogge Organizations: New, New York CNN, Trump, Truth Social, Trump Media & Technology, Trump Media, New York University School of Law, CNN, Democratic, Cornell Law School, “, ”, Meta, Republican, SEC, Trump Media & Technology Group Corp, University of Florida’s Warrington College of Business, NYU Locations: New York

☆ 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

☆ Mark Zuckerberg says White House 'pressured' Meta to 'censor' Covid-19 content
▼ + stars: | 2024-08-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

The letter was posted on the committee's Facebook page and on its account on the X social media platform on Monday. The Biden administration "pressured" Facebook parent Meta to "censor" content related to Covid-19, the social media giant's CEO, Mark Zuckerberg , alleged, adding that he regrets some of the decisions taken in relation to the U.S. government's requests. NBC News has reached out to the White House for comment Tuesday morning, but did not immediately receive a response. That year, the White House criticized social media firms, including Facebook, for allowing misinformation related to the coronavirus to spread across their platforms. Zuckerberg's letter underscores the ongoing debate about the extent to which social media firms should moderate content.

Persons: Mark Zuckerberg, Zuckerberg, Biden, Meta, Jim Jordan, Chan Organizations: Meta, Committee, Tech, Biden Administration, White, Republican, Facebook, NBC News, Politico, Rep Locations: Ohio

☆ Mark Zuckerberg says White House ‘pressured’ Meta to ‘censor’ Covid-19 content
▼ + stars: | 2024-08-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Zuckerberg says White House ‘pressured’ Meta to ‘censor’ Covid-19 contentCNBC's Julia Boorstin joins 'Power Lunch' to report on Mark Zuckerberg's statement that the Biden administration “pressured” Facebook parent Meta to “censor” content related to Covid-19.

Persons: Mark Zuckerberg, ‘, ’ Meta, ’, Julia Boorstin, Mark, Biden, “ Organizations: Facebook

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