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A week into the bombardment of Gaza, I set up a WhatsApp group for my Palestinian family to confirm each morning they're all still alive. Fatin, a Hebrew/Arabic translator, lives in the Al-Burij camp, very close to the Israeli border, and she's the only one outside of Gaza City. From Istanbul, Abdullah and I watched on Al Jazeera as places with cherished memories in Gaza City were destroyed live on air. AdvertisementAdvertisementMy parents live in a five-story building in the middle of Gaza City that my father had built 40 years ago. She told me that Israel had announced that 1 million civilians in northern Gaza, including Gaza City, should evacuate within 24 hours.
Persons: Ne'ama, I've, Abdullah, Siham, Yazmina, squinting, Maria, Ascia, Fatin, Tal Al, it's, Muhammad Ghanem, — Hussam, Hatem —, Hazem, we'd, Israel, , Hazam's, Farah, Yasmeen, Sophia, Hammoud, he'd, Hanadi, Waleed Organizations: Hamas, Al, Israel Defense Forces Locations: Gaza, Gaza City, Europe, Jordan, Turkey, Istanbul, Israel, Jazeera, Al Jazeera, Al, Hawa, Gaza's, Siham
X just rolled out its audio and video call service. This is the latest in a series of new features introduced since Elon Musk took over the company. AdvertisementAdvertisementElon Musk just launched X's latest feature: the ability to make audio and video calls on the platform. AdvertisementAdvertisementEarly version of video & audio calling on 𝕏 https://t.co/aFI3VujLMh — Elon Musk (@elonmusk) October 25, 2023The new features have failed to impress some X users, however. For all its new features, X has still struggled to reverse a drop in users following months of chaos on the social media platform.
Persons: It's, Elon Musk, , lon, ost., witter –, ince Organizations: Elon, Service Locations: lon, usk, ideos
Meta Platforms (META) reported strong third-quarter results thanks to a rebound in advertising sales and continued cost discipline in CEO Mark Zuckerberg's "year of efficiency. The stock traded higher most of the evening, clawing back some of the losses from Wednesday's broader market selloff. Lastly, Meta picked up the pace on share buybacks in the quarter, repurchasing $3.7 billion worth of stock. Meta repurchased $9.22 billion worth of stock in the first quarter and only $793 million in the second quarter. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Mark Zuckerberg's, Meta, clawing, Jim Cramer, we've, Zuckerberg, Jim Cramer's, Jim, Tobias Schwarz Organizations: Revenue, Meta, Nvidia, Reality Labs, Facebook, Apps, Apple, CNBC, Visitors, AFP, Getty Locations: U.S, Canada, Berlin
The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsOct 25 (Reuters) - Meta Platforms (META.O) beat expectations for third-quarter revenue on Wednesday, while warning of additional spending and regulatory pressures ahead for 2024. Shares of Meta rose 4% in extended trading. Revenue rose 23% to $34.15 billion for the quarter ended September. Facebook's daily active users grew 5%, while ad impressions across Meta's apps grew 31%.
Persons: Yves Herman, Meta, Yuvraj Malik, Katie Paul, Anil D'Silva, Matthew Lewis Organizations: REUTERS, Meta, Revenue, Facebook, Thomson Locations: Brussels, Belgium, Bengaluru, New York
An Audio Diary of Despair
  + stars: | 2023-10-25 | by ( Yousur Al-Hlou | More About Yousur Al-Hlou | ) www.nytimes.com   time to read: +1 min
But I am still breathing, just still breathing. I used to be having everything normal. Tasneem Ismael Ahel’s audio messages typically arrive all at once. ImageFor many Palestinians in Gaza, sporadic access to WhatsApp is one of the few outlets for sharing firsthand accounts of the war happening around them: raw reflections on death, despair and shattered dreams sent via audio messages from a territory under siege. For two weeks in mid-October, Tasneem, a 19-year-old college student from Gaza City, documented how her hometown was transformed under Israeli bombardment, sharing daily updates with The New York Times in the form of an audio diary.
Persons: Tasneem Ismael Ahel’s Organizations: New York Times Locations: Israel, Gaza, Tasneem, Gaza City
Mark Zuckerberg, Meta’s chief executive, spent the past two years weathering a slump in digital advertising and cutting costs. Profit was $11.6 billion, more than double the $4.4 billion from a year earlier. Meta’s growth was bolstered by a rebound in digital ads, which has also fueled the financial performance of other companies. On Tuesday, Google reported increased ad sales, with Snap also disclosing rising sales after revenue declined for two quarters. But Meta’s results were also helped by its cost cuts, as expenses fell 7 percent from a year earlier to $20.4 billion.
Persons: Mark Zuckerberg Organizations: FactSet, Google
Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. Meta, based in Menlo Park, California, said that it earned $11.58 billion, or $4.39 per share, in the July-September quarter. Analysts, on average, were expecting earnings of $3.64 per share on revenue of $33.58 billion, according to a poll by FactSet. CEO Mark Zuckerberg said in a conference call with analysts that Meta's Twitter-like Threads app, which launched in July, has 100 million monthly active users. For the current quarter, Meta is forecasting revenue of $36.5 billion to $40 billion.
Persons: FactSet, , Jeremy Goldman, ” Goldman, , Mark Zuckerberg, Meta Organizations: Meta, Revenue, of Columbia, Facebook, Twitter, Platforms Inc Locations: Menlo Park , California
An Israeli airstrike had crushed an apartment block in the Jabaliya refugee camp, in northern Gaza, killing 45 members of his extended family. Mr. Abujayyab and his siblings argued about her next move: Stay at her grandmother’s apartment? Mr. Azmi, the Crisis Group researcher, had moved his family to a friend’s house in southern Gaza. It fractured his skull and crushed his chest, Mr. Azmi said by phone. They had no power, limited internet and more bombs were falling, his sister said in a voice message to her family.
Persons: Nathan Thrall, , Abed Salama, , , Abujayyab, Mr, welling, Azmi, Azmi Keshawi, Abujayyab’s, Nurit Cooper, Yocheved Lifshitz, Nir Oz Organizations: Crisis Group, Ministry Locations: Israel, Gaza, Gaza . Credit, Egypt
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC has been seen to be increasingly aggressive in policing markets under Gensler. Last year's enforcement activity included a series of high-profile cases against crypto firms and executives including FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao. The SEC also barred 133 individuals from serving as directors and officers, the highest in a decade, Gensler said. The agency is expected to publish its full enforcement report sometime next month.
Persons: Andrew Kelly, Gary Gensler, Gensler's, Sam Bankman, Changpeng Zhao, Gensler, Chris Prentice, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, SEC, Gensler, McDonald's Corp, Thomson Locations: Washington ,
The NewsMeta was sued by more than three dozen states on Tuesday for knowingly using features on Instagram and Facebook to hook children to its platforms, even as the company said its social media sites were safe for young people. The District of Columbia and eight other states filed separate lawsuits on Tuesday against Meta with most of the same claims. The states said Meta’s algorithms were designed to push children and teenagers into rabbit holes of toxic and harmful content. Features like “infinite scroll” and persistent alerts were used to hook young users, the states said. “Meta has harnessed powerful and unprecedented technologies to entice, engage, and ultimately ensnare youth and teens,” the states said in their lawsuit.
Persons: , ” Meta, “ We’re Organizations: Meta, Northern, Northern District of, of Columbia Locations: Colorado , Tennessee, Massachusetts, U.S, Northern District, Northern District of California
These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.
Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, , Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo
As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer. Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance on China. AdvertisementAdvertisementAs more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate. "Most companies are trying to decrease their dependence on China, but it'll be the hardest for Apple to do that." More than 95% of iPhones, Macs, AirPods, and iPads are made in China, according to the Financial Times.
Persons: Steve Jobs, Walter Isaacson, Tim Cook, , Elon Musk, CNBC's, Apple, Isaacson, it'll, we've, Wang Wentao, Terry Gou Organizations: Apple, Service, Tesla, Bloomberg, Counterpoint Research, YouTube, Wall Street, Financial Times Locations: China, Beijing, Chengdu, Taiwan
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOct 24 (Reuters) - Dozens of U.S. states are suing Meta Platforms (META.O) and its Instagram unit, accusing them of contributing to a youth mental health crisis through the addictive nature of their social media platforms. "Research has shown that young people’s use of Meta's social media platforms is associated with depression, anxiety, insomnia, interference with education and daily life, and many other negative outcomes," the complaint said. The lawsuit is the latest in a string of legal actions against social media companies on behalf of children and teens. Meta deceptively denied publicly that its social media was harmful, the lawsuit said. Nine other states are expected to file similar lawsuits on Tuesday, bringing the total number of states suing to 42.
Persons: Dado Ruvic, ByteDance's, Meta, We’re, Jonathan Stempel, Diane Bartz, David Shepardson, Nate Raymond, Rod Nickel, Lisa Shumaker Organizations: REUTERS, Meta, YouTube, Menlo, Thomson Locations: Oakland , California, California, Illinois, , California, New York
Big Tech earnings This week is less about reading between the lines/through results, and contextualizing management comments, but rather it's about the market itself. AI - AI - AI! The options market is implying an earnings related move of 4.7%. Our options market sentiment score for GOOG/GOOGL is 80th percentile - which one may think of like a score/grade, so a B- in terms of options sentiment. Call open interest is 15% higher than put open interest, our options market sentiment score is 83% so B/B- territory.
Persons: ChatGPT, Bing, it's, AMZN, Mark Zuckerberg's, Zuckerberg, one's Organizations: Cambridge, JPMorgan Chase, Citigroup, Bank of America, BlackRock, Goldman, Equity, Big Tech, Microsoft, Apple, Nvidia, Inc, Investors, YouTube, Amazon, Google, Gaming, Activision, Logistics, Federal Express, CNBC, ExxonMobil, Chevron, Visa, Mastercard, Merck, Co Locations: financials, Wells Fargo
Online posts asking to “#PrayForPalestine.” Entreaties for peace. The site asked users to submit posts that they believed should be exposed, and included a numeric “hate score” for companies. Some people who were highlighted on the site have already deleted their LinkedIn posts or their LinkedIn profiles. Mr. Liptz, who said he did not expect the site to become as popular as it did after spreading via WhatsApp groups, called the far-ranging capture of all pro-Palestinian sentiment a mistake. Mr. Liptz denied that his site extracted the LinkedIn information through scraping, while Mr. Ophir said he believed that LinkedIn was trying to infringe on his right to free speech.
Persons: employees.com, Ernst & Young, Itai, ” “, , Liptz, , Guy Ophir, Ophir, Organizations: LinkedIn, Amazon, Mastercard, Ernst, The New York Times, Meta, Facebook, The Times Locations: Gaza, israel, Israel, Palestine
Other journalists say they are getting threats and being harassed on social media. In Israel, many journalists are covering the war while processing their own grief and shock over the surprise attacks by Hamas on Oct. 7. Expressing dissenting opinions has become even more fraught than in previous conflicts, said Anat Saragusti, a senior staff member for the 1,500-member Union of Journalists, an Israeli organization with 1,500 members. Journalists and media experts attributed the change to several factors: The attacks by Hamas have been especially traumatizing for Israelis. And the spread of misinformation, particularly on WhatsApp and social media platforms like Facebook and X, formerly known as Twitter, has intensified existing viewpoints.
Persons: , Anat Saragusti, ” Ms, Saragusti, Natan Sachs, Mr, Sachs, Benjamin Netanyahu, Netanyahu, , Tehilla Shwartz, “ It’s, Dr, Shwartz, Tal Shalev, it’s, Shalev, “ I’m Organizations: Union of Journalists, Journalists, Center for Middle East, Brookings Institution, Israel Democracy Institute Locations: Gaza, Israel, Washington
More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government. James Anderson, head of government innovation programs at Bloomberg Philanthropies, introduces mayors to the Mayors Innovation Studio on AI. The focus of Wednesday's session was primarily on how generative AI may streamline processes for cities or offer new insights to make them safer or more efficient. More than 100 mayors attended Bloomberg CityLab's Mayors Innovation Studio to learn about using artificial intelligence in city government. The event sought to give mayors a starting point for how to think about implementing generative AI into their processes.
Persons: Bloomberg Philanthropies, they're, James Anderson, Anderson, Mitch Weiss, Weiss, ChatGPT, chatbot, they've, Breda, Santiago Garces, Garces, Tim Kelly, Kelly, Andrew Ginther, Ginther, we're, Breed Organizations: Bloomberg CityLab's, Innovation, Bloomberg, Congress, Harvard Business School, Boston, CNBC, Center for Government Excellence, Johns Hopkins University, AI, San Francisco Mayor London Breed, YouTube Locations: Washington ,, Washington, Boston, New York City, York, Buenos Aires, Argentina, Chattanooga , Tennessee, Columbus , Ohio, coders, India
Internet connectivity in Gaza is plummeting. AdvertisementAdvertisementGaza's already flimsy internet connectivity has been severely impacted by Israel's strikes, according to several outage-detection models. Last Friday, NetBlocks, a watchdog organization that monitors the governance of the internet, noted a steep decline in Gaza's internet connectivity. Fatafta said ordinary Palestinians were able to use social media to challenge some of the messaging coming from the Israel side. But, now, he fears that the fall in internet connectivity is creating a blindspot.
Persons: , David, Gaza's influencers, Doug Madory, Amanda Meng, Meng, OCHA, Paltel, It's, Liz Throssell, Throssell, Fatafta, Jalal Abukhater, Abukhater, 7amleh, Sims Organizations: Service, Israel Defense Forces, Palestinian Health Ministry, Georgia Tech, United Nations Office, Humanitarian Affairs, Palestinian Telecommunications Company, IDF, UN, United Nations Human Rights, Israel's Ministry of Foreign Affairs, CNN, Hamas, Al, Arab Center for Social Media Advancement, Gaza Locations: Gaza, MENA, Israel, Ahli, Palestinian
A version of this story first appeared in CNN Business’ Before the Bell newsletter. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. What’s happening: Banks must follow strict compliance rules for how they use and store their employees’ texts and other business communications. “Banks use a wide range of approved channels to communicate in compliance with regulatory obligations,” a company spokesperson told CNN. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years.
Persons: Banks, , ” Sanjay Wadhwa, Tesla, Chris Isidore, Refinitiv, Dan Ives, “ Price, Elon Musk, , , Craig Jelinek, Ron Vachris, Jelinek Organizations: CNN Business, Bell, New York CNN, HSBC, CNN, Bloomberg, Securities and Exchange Commission, SEC, Commodity Futures Trading Commission, “ HSBC, Carlyle Group, Blackstone, Bank of America, Citigroup, Wedbush Securities, Costco, Sam’s Club, Walmart Locations: New York, London, Wells Fargo, WhatsApp, United States
Aid convoy trucks waiting at the Rafah border crossing to enter Gaza from Egypt on Thursday. As Gaza grapples with an escalating humanitarian crisis, the prospect of getting aid through the closed Rafah border crossing with Egypt has taken on particular urgency. Hopes are high that the aid trucks would be able to cross into Gaza on Friday, according to European Union officials coordinating aid from the bloc. The American, U.N. and Egyptian officials are discussing who would carry out those cargo inspections, a person directly familiar with the matter said, requesting anonymity to speak about the delicate negotiations. “All of Gaza is waiting for the aid,” Wael Abu Omar, the spokesman for Hamas’s interior ministry, said Thursday.
Persons: Biden, Israel, , Tedros Adhanom Ghebreyesus, , António Guterres, Martin Griffiths, Samar Abu Elouf, Wael Abu Omar, Israel readies, Abood, Okal, ” Iyad Abuheweila, Yazbek Organizations: Diplomats, European Union, World Health Organization, International Committee, The New York Times, Palestinian Locations: Rafah, Gaza, Egypt, Israel, Arish, Palestine, Cairo, U.S, Samar, E.U, Palestinian American, Jerusalem
Facebook parent company Meta and Chinese-owned social media app TikTok have both been given a deadline of Oct. 25 by the European Commission to share information on their response to the Israel-Hamas war, which has seen misinformation in the digital sphere spread alongside the physical conflict. The European Commission on Thursday said it is making both requests under the Digital Services Act. A TikTok spokesperson told CNBC the firm had "just heard from the European Commission this morning and our team is currently reviewing the RFI [request for information]." The EU wants to see how Meta and TikTok have looked to keep misinformation about the war off their platforms. Meta and TikTok both have until Oct. 25 to share information related to their response to the crisis in Israel, the commission said.
Persons: Meta, TikTok, Elon Musk's Organizations: Facebook, Meta, European Commission, European, Digital Services, Hamas, Twitter, CNBC, Commission, DSA, EU Locations: Israel
The Israel-Hamas war shows how social media platforms no longer want to deal with the news. AdvertisementAdvertisementNot too long ago, social media was the future of news. To accompany this flow of verified information, Facebook, Twitter and other social media companies built large content moderation teams and partnerships. Reading these, it's easy to see how social media can divide people during difficult times. The social media account posed as a BBC journalist to share this misinformation for engagement.
Persons: , Jack Dorsey, Mark Zuckerberg, Elon Musk's, Adam Mosseri, Karan Singhal, Singhal, there's, Cristiano Ronaldo, Marcus Hutchins, Mosseri, we're, Andy Stone, Zuckerberg, Alex Stamos, TikTok Organizations: Service, Facebook, Twitter, Elon Musk's Twitter, CNBC, BBC, Palestinian, Meta Locations: Israel, Moroccan, Israeli, Syria, Meta, France, Germany, Canada
Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.
Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London
Meta to roll out broadcast channels to Facebook, Messenger
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +1 min
People are seen behind a logo of Meta Platforms, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsOct 18 (Reuters) - Meta Platforms (META.O) said on Wednesday it will roll out broadcast channels, a feature for public distribution of messages from individuals, to Facebook and Messenger. The announcement comes as rival messaging app Telegram's broadcast channels have assumed an outsized role in the conflict between Israel and Hamas, as the primary means that the Palestinian Islamist group uses to communicate with the world. "We're currently testing the ability for Pages to create broadcast channels and expect to roll this out in the coming weeks," Meta said in a statement. Meta expanded WhatsApp Channels to users in over 150 countries last month.
Persons: Francis Mascarenhas, We're, Meta, Jaspreet Singh, Katie Paul, Shailesh Kuber Organizations: REUTERS, Facebook, Social, Thomson Locations: Mumbai, India, Israel, Palestinian, Bengaluru, New York
I go to a café every day instead of working from homeFor as long as I've worked from home, I've rarely worked from my actual house. That's where my writers group comes in. AdvertisementAdvertisementThe members of my writing group are like coworkers, only better because it's a chosen circle of professionals. I'm a part of a lot of virtual communitiesIn addition to my WhatsApp group, I'm active in a handful of other online groups. I've never met some of the people I've worked with — I haven't so much as heard some of their names spoken aloud — but I've watched their careers evolve, as I imagine they've witnessed mine.
Persons: Melissa Petro, , I've, I'm, doesn't, Lyn Slater, they've Organizations: Service, Facebook
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