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☆ Meta accused of ‘massive, illegal’ data collection operation by European consumer rights groups
▼ + stars: | 2024-02-29 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —European consumer rights groups have accused Meta, the owner of Facebook and Instagram, of carrying out a “massive” and “illegal” operation of collecting data from hundreds of millions of users in the region. The European Consumer Organisation (BEUC), an umbrella body for 45 consumer groups, said eight of the groups were filing complaints with their respective national data protection authorities Thursday. The company’s practices, the groups argue, breach parts of the European Union’s signature data privacy law, the General Data Protection Regulation or GDPR. Several days later, Meta launched a subscription service allowing its European users to pay up to €12.99 ($14) a month to use ad-free versions of Facebook and Instagram. The organization filed a complaint with European consumer protection authorities in November, arguing that this “pay-or-consent” approach was an example of an unfair and “aggressive” commercial practice prohibited under EU law.

Persons: Meta, “, Ursula Pachl, Brian Fung Organizations: London CNN, Facebook, European Consumer Organisation, General Data, CNN, Meta Locations: Europe, United States

☆ Here’s why a SCOTUS ruling on social media rules matters to so many people
▼ + stars: | 2024-02-27 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

It’s obvious enough that the legislation would affect those social media giants, who are challenging the laws’ constitutionality through industry trade associations. But in scrutinizing the laws’ scope and First Amendment impacts, justices from both sides of the ideological spectrum worried Monday that the legislation’s effects could spill far beyond major social media platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Social media applications are seen on an iPhone in this photo illustration taken on 10 November, 2023 in Warsaw, Poland. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-Reynolds/AFP/Getty ImagesThat law permits social media users to try to sue platforms for violations.

Persons: CNN — Uber, —, Henry Whitaker, “, ”, Amy Coney Barrett, Sonia Sotomayor, Whitaker, Jaap Arriens, ” Whitaker, Sotomayor, Ketanji Brown Jackson, “ I’m, ” Jackson, Uber, Aaron Nielson, Barrett, ” Sotomayor, ” Nielson, ” Chris Marchese, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Neilson, ” Barrett, you’ve, Elena Kagan, you’re, Kagan Organizations: CNN, Facebook, YouTube, Web, LinkedIn, NetChoice Litigation, AFP, Getty, Texans, PayPal Locations: Texas, Florida, Warsaw, Poland, ” Texas, ”, Washington , DC, AFP, El Paso

☆ You may lose access to your Netflix account if you’re paying through Apple
▼ + stars: | 2024-02-26 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Netflix wants its customers to stop paying for its streaming subscription through Apple’s App Store. Members billed through Apple may soon be prompted to change their payment plan, a new addition to Netflix’s help site reads. Netflix stopped accepting Apple payments for new and rejoining customers in 2018, but Netflix’s policy change means existing customers who had been grandfathered into paying through Apple will now have to make the switch. Previously, Apple had prohibited many iOS apps from skirting the 30% charge by accepting payments outside of Apple’s proprietary payment system. Apple’s in-app purchase fees have been the subject of ire from app developers for years.

Persons: Apple, Brian Fung Organizations: CNN, Netflix, Apple, Spotify, Epic Games Locations: United States, Canada

☆ Supreme Court hears landmark cases that could upend what we see on social media
▼ + stars: | 2024-02-26 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

More than a dozen Republican attorneys general have argued to the court that social media should be treated like traditional utilities such as the landline telephone network. The tech industry, meanwhile, argues that social media companies have First Amendment rights to make editorial decisions about what to show. Whitaker said Florida’s law is limited by its definition of social media companies, which focuses on large platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Whitaker said social media platforms had opaque algorithms that prevent users from fully understanding how content curation happens.

Persons: “, Blair Levin, ” Levin, Henry Whitaker, Sonia Sotomayor, Sotomayor, Whitaker, Ketanji Brown Jackson, Amy Coney Barrett, ” Barrett, Barrett, Brett Kavanaugh zeroed, Kavanaugh Organizations: Washington CNN, Facebook, YouTube, New, Research, LinkedIn, Web Locations: Texas, Florida

Here are the key takeaways from the courtroom:How far does the First Amendment reach when it comes to social media? Online platforms engage in censorship when they silence certain users’ speech, the states argued to the court. In fact, the tech industry argued, government requirements that social media not moderate content would violate the platforms’ own First Amendment freedoms from government meddling. Section 230 features prominently in argumentsOne question kept coming up during the arguments, just as it has in lower courts: What these state laws could mean for Americans’ overall ability to sue social media companies over content moderation. The state laws explicitly allow users to sue tech platforms for alleged censorship.

Persons: Donald Trump, Samuel Alito, Biden, ” Alito, Brett Kavanaugh, ’, ” Kavanaugh, Elena Kagan, Elon Musk, ” Kagan, –, – that’s, Kagan, Uber, you’re, Amy Coney Barrett, ” Organizations: CNN, Meta, ”, X, Elon, YouTube, Communications Locations: Texas, Florida

☆ Premarket stocks: Why you can feel good about your job prospects for a while longer
▼ + stars: | 2024-02-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A cyclical slowdown has to come unless you’re in the camp that thinks structural growth of the economy has risen dramatically. We don’t think that’s the case. Do you think that’s the case? The jobs market is a byproduct of GDP growth. I think that this should make people feel a little bit better about the prospects for the year.

Persons: Bell, Satyam Panday, It’s, we’ve, that’s, Warren Buffett, Charlie Munger, Warren Buffett’s, Buffett, Munger, ”, Charlie, Berkshire Hathaway, Brian Fung Organizations: CNN Business, Bell, New York CNN, Satyam, Federal Reserve, Berkshire Hathaway, Investors, Oracle, “, Berkshire, US, Facebook, YouTube Locations: New York, Real, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska, Texas, Florida

☆ US Supreme Court prepares to hear landmark social media cases
▼ + stars: | 2024-02-25 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Monday’s Supreme Court showdown in NetChoice v. Paxton and Moody v. NetChoice will determine whether states can forbid social media companies from blocking or removing user content that goes against platform rules. The Florida and Texas laws are broadly written, but officials from both states say the laws will keep social media sites from unfairly silencing conservatives. Social media platforms have insisted for years that they don’t discriminate against right-wing speech. It also allows individual social media users to sue platforms if they believe they have been unfairly censored or “deplatformed.”Florida Gov. The NetChoice cases reflect a deep divide in how many people see social media.

Persons: Paxton, Moody, Ron DeSantis, Florida’s, Carl Juste, Greg Abbott, Donald Trump, Biden, David Paul Morris, “, ”, ” David Greene Organizations: Washington CNN, Facebook, YouTube, Social, Gov, Florida Gov, Miami Herald, Texas ’, Circuit, Republican, Texas, Bloomberg, Getty, Frontier Foundation, EFF, CNN, Freedom, Press Locations: Texas, Florida, . Texas, NetChoice, Miami, Walnut Creek , California

☆ Florida House passes legislation that would prohibit kids under 16 from having certain social media accounts
▼ + stars: | 2024-02-23 | by ( Sara Smart | ) edition.cnn.com time to read: +3 min

CNN —The Florida House of Representatives passed legislation that would prohibit anyone under 16 in the state from holding accounts with certain social media platforms. HB1, or Online Protections for Minors, would require some social media platforms to verify the age of account holders, prohibit kids under 16 from creating a new account, and terminate the accounts of anyone they believe to be under 16. The bill’s description of social media platforms that would fall under the requirements appears to be wide-ranging. Ohio’s legislation would have required social media platforms to obtain parental consent before creating accounts for children under age 16. And it highlights the many legal hurdles facing calls to ban social media for young Americans.

Persons: Ron DeSantis, Bill, DeSantis, ” DeSantis, Algenon Marbley, Marbley, Brian Fung Organizations: CNN, Republican, Senate Locations: Florida, Ohio

CNN —Tens of thousands of Americans had trouble making phone calls, sending texts, reaching emergency services or even accessing the internet on Thursday because of a nearly 12-hour AT&T network outage. The alarm over an outage of a major cell network that at one point affected more than 70,000 customers is understandable. AT&T finally restored wireless service to all customers by around 3 pm ET, and the company said it was “sincerely” sorry to customers. But starting early Thursday morning, thousands of AT&T customers began reporting issues calling, texting and accessing the internet on their mobile devices. At one point, more than 74,000 AT&T customers reported outages on digital-service tracking site DownDetector.

Persons: logins —, hasn’t, John Kirby, ” Kirby, “ Organizations: CNN, Verizon, Mobile, New York Police, Federal Communications Commission, Federal Bureau of Investigation, Department of Homeland Security, Homeland Security Bureau, FCC, FBI, National Security, T, ” Telecom, Dow Jones Locations: United States

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Persons: cardholders, Amex, You'll, Finance Insider's, it's Organizations: Business, Amazon, Prime, Amazon Business, Foods, Business Prime American Express, Amazon Business Prime Card, Amazon Business American, Business Prime Card, Web Services, Amazon Business Prime, American, QuickBooks, Business Prime, Finance, Chase, Amazon Prime

☆ Don’t ‘surreptitiously’ use Americans’ data to train AI, FTC warns businesses
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —US companies may find themselves under federal scrutiny if they “quietly” try to funnel customers’ personal information into training artificial intelligence models, the government warned this week. The warning by the Federal Trade Commission, the nation’s top privacy and consumer protection agency, highlights the enormous value of Americans’ personal data. “You may have heard that ‘data is the new oil,’” the agency said, referencing an adage describing the way personal information is a critical input powering the machinery of Big Tech. “There is perhaps no data refinery as large-capacity and as data-hungry as AI.”Many companies disclose how they use customer or user information in their privacy policies. But simply updating a privacy policy to say that a company will now use personal data collected for other purposes to train AI isn’t transparent enough and could violate the law, the FTC said.

Persons: “, Gary Gensler Organizations: Washington CNN, Federal Trade Commission, Netflix, Big Tech, FTC, Securities and Exchange Commission

☆ AI could disrupt the 2024 US presidential election. What’s Congress doing about it?
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

But with just nine months until Americans head to the ballot box, there are few signs Congress is ready to pass any meaningful legislation on AI. Alex Wong/Getty ImagesSchumer has previously said that with the election nearing, he may seek to fast-track a bill that focuses specifically on AI and election security. Nothing looks likely to move.”Initial momentum on AI regulationFor months, Congress has focused on getting up to speed on the basics of AI. Still other ideas would require “high-risk” AI models to register for a government license, or create a dedicated new federal agency to oversee AI. OpenAI CEO Sam Altman testifies before a Senate Judiciary Privacy, Technology & the Law Subcommittee hearing titled 'Oversight of A.I.

Persons: Joe Biden, Chuck Schumer, Bill Gates, Mark Zuckerberg, Elon Musk, “, Schumer, Sen, Todd Young, Martin Heinrich, Michael Rounds, Alex Wong, New Mexico Democratic Sen, South Dakota Republican Sen, Mike Rounds, Indiana Republican Sen, didn’t, Paul Gallant, Cowen, ”, Gallant, we’re, Sam Altman, Altman, Heinrich, Rounds, Young, Julia Nikhinson, Sundar Pichai, Jensen Huang, Mike Johnson, Marcus Molinaro, Johnson, Drake, Tom Hanks, Tennessee Republican Sen, Marsha Blackburn, Hakeem Jeffries, Don Beyer, it’ll, Alan Davidson, Biden, Elizabeth Frantz, ” Davidson, —, Sarah Myers West Organizations: Washington CNN, mayoral, U.S, Senate, Capitol, Artificial Intelligence, “, CNN, New, New Mexico Democratic, South Dakota Republican, Indiana Republican, Cowen Inc, United, International Atomic Energy Agency, Intelligence, Reuters, Google, Nvidia, New York Republican, The Washington Post, Commerce, Tennessee Republican, ITI, Virginia Democratic Rep, State of, Republican, House Energy, European Union, EU, Congress, Commerce Department, White House, Privacy, Technology, Democrats, Federal Trade Commission Locations: Washington ,, New Mexico, South, Washington , U.S, Washington

☆ Billions in AI patents get new guidelines as regulators regroup
▼ + stars: | 2024-02-14 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

But how will patent protections apply to inventions made with the help of AI tools, particularly generative AI? In connection with training an AI system, what level of planning will be required? “A natural person who only presents a problem to an AI system may not be a proper inventor” of something, the USPTO said. In that case, the USPTO had rejected the patent applications of an inventor who had given his AI system sole credit for the inventions. The inventorship guidelines will help everyone understand the boundaries of patent protections as AI is increasingly used in the inventive process.

Persons: ”, Jamie Nafziger, Dorsey, Whitney, Thaler, Vidal, Ryan McCarthy, Hall, It’s, Estill, John Bergmayer Organizations: CNN, Office, Biden, White, USPTO

☆ Federal judge blocks Ohio law regulating kids’ access to social media
▼ + stars: | 2024-02-13 | by ( Brian Fung | ) edition.cnn.com time to read: +1 min

Washington CNN —A federal judge has temporarily blocked an Ohio law seeking to regulate kids’ access to social media platforms, saying that the law is likely unconstitutional. Monday’s order by District Judge Algenon Marbley reiterates what Marbley said last month when he issued an emergency order halting the Ohio law from going into effect. Ohio’s legislation would have required social media platforms to obtain parental consent before creating accounts for children under age 16. It’s the latest blow to states that have vowed a crackdown on social media in the face of mounting claims that the technology contributes to mental health harms. And it highlights the many legal hurdles facing calls to ban social media for young Americans.

Persons: Algenon Marbley, Marbley, “, ” Marbley Organizations: Washington CNN, US, Court, Southern, Southern District of, NetChoice Locations: Ohio, Southern District, Southern District of Ohio, Arkansas , California, Utah

☆ Outside the US, teens’ social media experiences are more tightly controlled
▼ + stars: | 2024-02-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

Here’s a closer look at how child safety is regulated on social media platforms in other parts of the world. “It will take a couple of years until the first round of the audits of social media companies mandated in the DSA are published,” he said. Can social media companies be sued in the EU? At the same time, however, China’s government also largely blocks access to social media platforms as part of its efforts to monitor and censor the internet. And in Brazil, a data protection law includes special protections for children’s data, including consent to share personal data.

Persons: Here’s, Apple –, what’s, haven’t, Fernando Hortal Foronda, ”, “, Asha Allen, Brian Fung, Clare Duffy Organizations: CNN, European, Meta, Apple, Digital Services, Companies, Big Tech, EU, European Consumer Organisation, DSA, ” Tech, European Commission, EU’s Digital Service, Centre of Democracy and Technology, Justice, European Union, Minor Protection Locations: EU, Centre of Democracy and Technology Europe, China, India, Brazil

☆ Don’t let AI hype lead you into illegal ‘AI-washing,’ SEC chair warns companies and investment advisers
▼ + stars: | 2024-02-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Publicly traded companies that misleadingly or untruthfully promote their use of artificial intelligence risk engaging in “AI-washing” that can harm investors and run afoul of US securities law, said SEC Chair Gary Gensler in a speech on Tuesday. They also shouldn’t lie about whether they use an AI model or how they use AI in specific applications, Gensler added. One would be the intentional use of AI to facilitate securities fraud, Gensler said Tuesday. The SEC could target those who deploy AI in ways that create reckless or knowing disregard for the risks to investors, Gensler said. He said the SEC could also investigate those who place fake orders in violation of securities law, or investment advisers who place their own interests ahead of their clients’.

Persons: Gary Gensler, “ We’ve, ” Gensler, Gensler, Alvaro Bedoya Organizations: Washington CNN, Securities and Exchange Commission, Publicly, SEC, Yale Law School, Federal Trade Commission

☆ FCC votes to outlaw scam robocalls that use AI-generated voices
▼ + stars: | 2024-02-08 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

The unanimous FCC vote extends anti-robocall rules to cover unsolicited AI deepfake calls by recognizing those voices as “artificial” under a federal law governing telemarketing and robocalling. The FCC’s move gives state attorneys general more legal tools to pursue illegal robocallers that use AI-generated voices to fool Americans, the FCC said. “Bad actors are using AI-generated voices in unsolicited robocalls to extort vulnerable family members, imitate celebrities, and misinform voters,” said FCC Chairwoman Jessica Rosenworcel in a statement. In 2021, the FCC announced a $5 million proposed fine against right-wing operatives Jacob Wohl and Jack Burkman for allegedly using illegal robocalls to discourage voting in the 2020 election. As the FCC updates its interpretation of federal law, some US lawmakers have proposed revising the law directly to further deter illegal robocallers.

Persons: “, ”, Jessica Rosenworcel, “ We’re, Joe Biden, robocalls, Jacob Wohl, Jack Burkman, Andrew Schwartzman Organizations: Washington CNN, Federal Communications Commission, FCC, Protection, New, Authorities, YouMail, House Democrats, Benton Institute for Broadband & Society, ” Locations: New Hampshire, Texas

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Persons: You've, It's, You'll, We'll, you'll Organizations: Business, Venture, Business †, you've, Ink, Chase Travel, FDIC, Express, American Express, Dell Technologies, Adobe, American, Capital, One, Amex, FedEx, Grubhub, Supply, Walmart, Best, Dell, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Chase, Finance, — Locations: AmexTravel.com, U.S, Chevron

☆ Manipulated Biden video can remain online, Meta’s Oversight Board rules
▼ + stars: | 2024-02-05 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —A video on Facebook manipulated to suggest that President Joe Biden behaves inappropriately toward women can remain on the platform, but only because of a problematic loophole in Meta’s “incoherent” policies, the company’s Oversight Board said Monday. The Board reviewed the case after a user who reported the video appealed Meta’s decision not to remove the content. Meta’s manipulated media policy applies only to video that has been altered by artificial intelligence and that makes it appear as if a person said something they did not. Because Biden video did the things portrayed in the video – even if it was heavily edited to create a false impression – the video was allowed to stay on the platform. Meta’s policy on manipulated media provides exemptions for parody and satire, as well as selectively edited content that omits or changes the order of words said in a video.

Persons: Joe Biden, Biden, Meta’s, Meta, ”, “, Nancy Pelosi, factchecker, Pelosi Organizations: Washington CNN, Facebook, Meta

☆ DOJ antitrust case targeting Google’s ad-tech business will go to trial in September, federal judge rules
▼ + stars: | 2024-02-05 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —A blockbuster lawsuit by the US government against Google’s ad business will go to trial in September, according to a federal judge. The case regarding Google’s advertising technology is the first antitrust suit against a Big Tech company brought by the Biden administration, which has pledged to vigorously enforce the nation’s competition laws, particularly in the tech sector. It follows a multi-week trial last fall that challenged Google’s prime position as the default search engine on millions of devices. The search case was first filed by the Justice Department during the Trump administration. Closing arguments in the Google search case are expected to take place in the spring.

Persons: Washington CNN —, Leonie Brinkema, Biden, Trump Organizations: Washington CNN, Court, Eastern, of, Big Tech, DOJ, Google, Justice Department Locations: of Virginia

☆ Loss, pain, harm: Grieving parents set the tone at this week’s tech CEOs hearing. It could change things
▼ + stars: | 2024-02-03 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —Wednesday’s online youth safety hearing with some of the world’s leading social media CEOs was unlike the many that came before it in recent years. During the hearing, Zuckerberg and Spiegel, along with the CEOs of TikTok, Discord and X, also faced calls to meet with the families affected by their platforms. And Wednesday night, after the event, some parents said the apologies did not go far enough. X CEO Linda Yaccarino thanked the “parents, families, and young people” who attended the hearing in a post on the platform. “We just saw yesterday the extent of the damage that this has done, these platforms have done,” he said.

Persons: Mark Zuckerberg, Evan Spiegel, Zuckerberg, Spiegel, Bridget Norring, “, Joe Benarroch, Linda Yaccarino, ”, ” Clint Smith, ” Snap’s Spiegel, Charlie, Connecticut Democrat Sen, Richard Blumenthal, ” Minnesota Democrat Sen, Amy Klobuchar, they’d, New York Democrat Sen, Chuck Schumer, …, Schumer, ” Sam Chapman, Missouri Republican Sen, Josh Hawley, Dick Durbin, Hawley, we’re, –, Brian Fung, Morgan Rimmer Organizations: New, New York CNN, CNN, ”, Meta, Connecticut Democrat, ” Minnesota Democrat, New York Democrat, Missouri Republican, Democratic Locations: New York, Snapchat, Connecticut, ” Minnesota

☆ Congress hasn’t been able to make social media safer. Here’s why
▼ + stars: | 2024-02-01 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

This has been true since the early 2010s, when tech companies began realizing the benefits of influencing policymakers on issues including net neutrality and privacy. This week, Microsoft announced its support for the Kids Online Safety Act, a leading social media bill. Even when lawmakers can agree on what the problem is, they often disagree on how to solve it, creating a smorgasbord of half a dozen or more social media bills floating around Congress. That would be a huge down payment on a future social media law, said Balkam. But even that proposal is still subject to many of the same dynamics that make social media regulation hard.

Persons: Washington CNN —, ”, Danny Weiss, Ben Thompson, Adam Kovacevich, “ That’s, hasn’t, Republican stonewalling, Weiss, Kovacevich, ” Kovacevich, I’m, ” Weiss, Chuck Schumer, Mike Johnson, Schumer, Nancy Pelosi’s, “, Johnson didn’t, Evan Greer Organizations: Washington CNN, Big Tech, Tech, Sense, Microsoft, Kids, LinkedIn, of, Republican, CNN Locations: Washington, United States

Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, on January 31. In prepared testimony reviewed by CNN, Spiegel will say that on average, most Snapchat users connect directly with their friends. "We designed Snapchat to open into the camera, instead of a content feed, to encourage creativity instead of passive consumption," Spiegel will testify. "When people share their Story with friends on Snapchat there are no public likes or comments." A California judge recently ruled that Snap must face a lawsuit over children's fentanyl purchases linked to the app.

Persons: Evan Spiegel, Nathan Howard, Spiegel, Connecticut Democratic Sen, Richard Blumenthal, Tennessee Republican Sen, Marsha Blackburn Organizations: Snap Inc, U.S . Capitol, Reuters, CNN, Connecticut Democratic, Tennessee Republican Locations: Washington, California

☆ Big Tech executives to appear at Senate hearing to defend social media’s impact on teens
▼ + stars: | 2024-01-31 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +6 min

Zuckerberg is expected to tout the company’s more than 30 safety controls, according to prepared testimony released ahead of the hearing. In recent weeks, Meta has also begun hiding more “age-inappropriate” content in teens’ feeds and restricting teens from receiving direct messages from people they don’t follow. Ideally, Clegg said, Zuckerberg would authorize as many as 124 new hires, but acknowledged that financial pressures could make it difficult. After months of radio silence from Zuckerberg, Clegg tried to follow up, this time with a slimmed-down proposal that envisioned either 25 new hires or, if even that was infeasible, just seven. “This would be the bare minimum needed to meet basic policymaker inquiries,” Clegg wrote to Zuckerberg on Nov. 10, 2021.

Persons: “ We’re, ” Connecticut Democratic Sen, Richard Blumenthal, Mark Zuckerberg, Zuckerberg, Evan Spiegel, Rosemarie Calvoni, Meta, Calvoni, ”, ” Calvoni, Arturo Béjar, ’, Tennessee Republican Sen, Marsha Blackburn, Sheryl Sandberg, Global Affairs Nick Clegg, Clegg —, —, Clegg, ” Clegg, Sandberg, “ Organizations: Washington CNN, Meta, Twitter, ” Connecticut Democratic, Facebook, Blumenthal, Tennessee Republican, Global Affairs Locations: ” Connecticut, Massachusetts

☆ Premarket stocks: Blue chips are crumbling. Here’s why
▼ + stars: | 2024-01-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

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

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