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Mark Zuckerberg just became the third person on Earth worth over $100 billion. Here's how the Facebook CEO makes and spends his fortune.

Mark Zuckerberg's fortune surpassed $100 billion after Facebook launched its TikTok competitor in the US. That makes the tech titan only the third current centi-billionaire on Earth. In June, advertisers including Verizon, Honda, and Ben & Jerry's boycotted Facebook over the social network's lack of hate-speech moderation. The boycott briefly sunk both Facebook's share price and CEO Mark Zuckerberg's net worth. Zuckerberg drives an affordable car and wears basic clothes, but appears to splur...
Tags: Facebook, Mark Zuckerberg, Europe, Instagram, Yahoo, Minneapolis, US, America, San Francisco, Trends, Eu, Palo Alto, Harvard, Ford, Paris, Athens


Study: Instagram’s algorithm favored Trump over Biden

Conservatives have long accused social media platforms of being politically biased. A new report suggests they might be right — but not in the way they claim. The Tech Transparency Report (TTP) found that Instagram pushed searches about Joe Biden towards negative hashtags about the former vice president, but blocked them for President Trump. The action was apparently triggered by Instagram‘s related hashtags, which direct users to content related to their previous hashtag searches. TTP compared ...
Tags: Startups, Twitter, Politics, Instagram, Social Media, Joe Biden, Artificial Intelligence, Biden, Trump, Neural


Some marketers are making contingency plans for their TikTok deals as the political heat on the app creates uncertainty about its future

With a Microsoft deal for TikTok in the offing, marketers are still planning ad campaigns for TikTok but amending contracts so they can move spend to another social platform if needed. After announcing plans to ban TikTok in the US, the Trump administration is allowing Microsoft to bid on its US operations. It's unclear how TikTok would fit into Microsoft's advertising sales business, since Microsoft has largely abandoned its ad business and has had a bumpy history selling search and Xbox plac...
Tags: Google, Facebook, Instagram, Microsoft, China, US, Trends, Linkedin, Aol, Mavrck, Trump, Groupm, Stevens, Google Microsoft, Brian Wieser, Lyle Stevens


Instagram’s hashtag searches gave Trump better treatment than Biden

Instagram apparently handled searches for popular hashtags related to the two presidential candidates differently, pointing Joe Biden search queries toward often negative related hashtags while making no such suggestions in corresponding searches pertaining to President Trump. A new report by the Tech Transparency Project details the strange platform behavior. In the report, the tech watchdog compared searches for 20 popular hashtags related to the Trump and Biden campaigns and found that rel...
Tags: TC, Facebook, Instagram, Buzzfeed, Tech, Joe Biden, Policy, Algorithms, Biden, Donald Trump, Zuckerberg, Trump, Twitter Instagram, 2020 Election, Algorithmic Bias, Ryan Mac


Instagram Displayed Negative Related Hashtags For Biden, But Hid Them For Trump

An anonymous reader shares a report: For at least the last two months, a key Instagram feature, which algorithmically pushes users toward supposedly related content, has been treating hashtags associated with President Donald Trump and presumptive Democratic presidential nominee Joe Biden in very different ways. Searches for Biden also return a variety of pro-Trump messages, while searches for Trump-related topics only returned the specific hashtags, like #MAGA or #Trump -- which means searches ...
Tags: Instagram, Tech, Joe Biden, Biden, Donald Trump, Trump, BuzzFeed News, Maga, JoeBiden


Take a closer look at Instagram Reels, Facebook's TikTok rival launching today in the US (FB)

Instagram Reels, Facebook's competitor to TikTok, launched Wednesday to users in the US. Reels is a new content format for Instagram that allows users to create and share short-form video content to followers in a new dedicated Feed and on the Explore page. The launch of Reels comes as TikTok's future in the US remains uncertain, as the Trump administration weighs a potential ban on the app. Here's everything you need to know about Reels' launch and how it works. Visit Business Insider's homep...
Tags: Facebook, Instagram, Microsoft, France, China, Germany, India, US, Trends, United States, Brazil, Donald Trump, Shah, Trump, France Germany, Lasso


Marketers warily continue to spend on TikTok but some are building escape clauses into their contracts because of the political uncertainty

With a Microsoft deal for TikTok in the offing, marketers are still planning ad campaigns for TikTok but amending contracts so they can move spend to another social platform if needed. After announcing plans to ban TikTok in the US, the Trump administration is allowing Microsoft to bid on its US operations. It's unclear how TikTok would fit into Microsoft's advertising sales business, since Microsoft has largely abandoned its ad business and has had a bumpy history selling search and Xbox plac...
Tags: Google, Facebook, Instagram, Microsoft, China, US, Trends, Linkedin, Washington Dc, Aol, Mavrck, Trump, Groupm, Stevens, Google Microsoft, Brian Wieser


Instagram Reels launches globally in over 50 countries, including US

Instagram Reels, the company’s significant effort in challenging TikTok on short-form creative content, is launching globally, starting today. The feature is being made available across 50 countries, including the U.S., as TechCrunch had previously reported. The expansion means Reels will now be available in key international markets, such as India, Brazil, France, Germany, the U.K., Japan, Australia, Spain, Mexico, Argentina and several others. The timing is fortuitous, given TikTok’s uncertain...
Tags: Social, Startups, Facebook, Apps, Europe, Video, Instagram, India, US, Brazil, TechCrunch, Trump, Lasso, Vishal Shah, Video Apps, Instagram Stories


There is still no proof TikTok is spying on you for China

The Trump administration is forcing TikTok to sell off its US business by September 15 or else face a ban, accusing it of posing a privacy and national security threat because it is owned by a Chinese company. The administration has explicitly claimed TikTok spies on people but has never offered public evidence. Experts diving through TikTok's code and policies say the app collects user data in a similar way to Facebook and other popular social apps. Google and Facebook by comparison almost ce...
Tags: Apple, Google, Facebook, Hong Kong, Europe, Instagram, Microsoft, China, Singapore, Disney, US, Trends, European Union, Reddit, US Treasury, Ftc


Facebook and Twitter are cracking down on videos that promote conspiracy theories and unproven COVID cures, but researchers say that removing already viral misinformation can backfire and make things worse (FB, TWTR)

Social media platforms have enacted bans on disinformation related to COVID-19 and other issues, but researchers say that banning content after it's already gone viral can do more harm than good.   For example, the platforms recently banned a viral video of doctors urging COVID-19 treatment with hydroxychloroquine, which federal agencies have called ineffective and dangerous.  That ban prompted news coverage and charges by conspiracy theorists that the video contained truth being suppressed by...
Tags: Facebook, Twitter, Instagram, Microsoft, White House, America, Trends, Cnn, New York Times, Bill Gates, Fox News, Msnbc, Breitbart News, Nyu, Trump, Twitter Facebook


TikTok salary data reveals how much it pays for key US jobs in engineering, product, data science, and more

TikTok and its China-based parent company ByteDance have been on a hiring spree in the US this year, even as the company has faced threats of a ban or forced sale by the Trump administration. TikTok plans to add 10,000 employees in the US over the next three years. Business Insider analyzed the US Office of Foreign Labor Certification's third-quarter 2020 disclosure data for foreign workers to shed light on what TikTok and ByteDance paid employees in departments like engineering, product manag...
Tags: New York, Instagram, Microsoft, California, Washington, China, US, Trends, Ufc, Business Insider, Trump, Facebook YouTube, US Department of Labor, Kevin Mayer, Triller, Josh Richards


Microsoft could pay billions for TikTok. It's a tremendously risky move that will put CEO Satya Nadella's strategy to the ultimate test. (MSFT)

On the face of it, Microsoft's decision to explore the possibility of spending billions on a TikTok acquisition seems like a weird business decision.  Under CEO Satya Nadella, Microsoft has doubled down on cloud computing and productivity software, leaving the Xbox console as its last major consumer brand.  TikTok, a mega-popular viral video app with 80 million daily active users in the United States, doesn't seem to tie into that strategy at all.  But Nadella has earned the benefit of the dou...
Tags: Amazon, Facebook, Instagram, Microsoft, Yahoo, China, Nokia, Satya Nadella, Disney, US, Trends, Linkedin, Gop, United States, Silicon Valley, Minecraft


Microsoft is poised to pay billions for TikTok, but it's a tremendously risky move that will put CEO Satya Nadella's strategy to the ultimate test (MSFT)

On the face of it, Microsoft's decision to explore the possibility of spending billions on a TikTok acquisition seems like a weird business decision.  Under CEO Satya Nadella, Microsoft has doubled down on cloud computing and productivity software, leaving the Xbox console as its last major consumer brand.  TikTok, a mega-popular viral video app with 80 million daily active users in the United States, doesn't seem to tie into that strategy at all.  But Nadella has earned the benefit of the dou...
Tags: Amazon, Facebook, Instagram, Microsoft, Yahoo, China, Nokia, Satya Nadella, Disney, US, Trends, Linkedin, Gop, United States, Silicon Valley, Minecraft


Snapchat is rolling out a new TikTok-like feature that will allow users to play popular songs over the videos they record (SNAP)

Snapchat will release a new feature that will allow users to overlay their recorded videos with popular songs, per a report from The Verge, similar to how TikTok operates. Users will have access to a selection of music from Warner Music Group and other music publishing companies. News of the feature comes as Microsoft is in talks to buy TikTok amid growing US pressure for the app to distance itself from its Chinese ties — its parent company, ByteDance, is based in Beijing. Social media rival I...
Tags: Instagram, Microsoft, Australia, US, Trends, Snapchat, Beijing, New Zealand, Trump, Warner Music Group, Bytedance, Beijing Social, China Lawmakers


We Are Social’s Monday Mashup #502

Facebook reports growth in revenue and users in Q2 During its Q2 earnings call last week, Facebook reported revenue of $18.7 billion, up 11 per cent year-on-year, and said it is expecting revenue growth for the third quarter of about 10 per cent. The platform also shared that monthly users across all apps (Facebook, Messenger, WhatsApp and Instagram) also increased by 0.15 billion in Q2, now standing at 3.14 billion. The figures represent a 12 per cent annual growth in both DAU and MAU. Microsof...
Tags: Amazon, Facebook, Twitter, Instagram, Microsoft, Congress, India, US, Seo, NHL, Mashup, National Hockey League, Trump, US Australia New Zealand, Apple Google Facebook, Facebook Messenger WhatsApp


Facebook, Google, and the US government each have their own reasons to make you believe that TikTok is scary — but they're all self-serving

President Trump and the US government have been considering a ban on TikTok over long-held concerns regarding its ties to China, and its access to user data and influence over content moderation. The threat of a TikTok ban would mean that the app's massive US userbase, estimated to be near 80 million, is up for grabs, and US tech companies are already capitalizing with new apps and formats borrowing from TikTok's viral short-form video format. Concerns over national and data security are level...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Congress, China, US, America, Trends, Linkedin, Silicon Valley, Fox News, Donald Trump, Zuckerberg, Trump, State


TikTok salaries revealed: How much the tech company pays for key US roles in engineering, product, and more

TikTok and its China-based parent company ByteDance have been on a hiring spree in the US this year, even as the company has faced threats of a ban or forced sale by the Trump administration. TikTok plans to add 10,000 employees in the US over the next three years. Business Insider analyzed the US Office of Foreign Labor Certification's third-quarter 2020 disclosure data for foreign workers to shed light on what TikTok and ByteDance paid employees in departments like engineering, product manag...
Tags: New York, Instagram, Microsoft, California, Washington, China, US, Trends, Business Insider, Trump, Facebook YouTube, US Department of Labor, Kevin Mayer, Triller, Josh Richards, Bytedance


Snapchat to take on TikTok with a new music-powered feature rolling out this fall

Snapchat is taking aim at TikTok. The company announced today it will begin testing a new feature that lets Snapchat users set their Snaps to music, similar to TikTok’s app. The feature may allow Snapchat to capitalize on the fracturing of the TikTok audience, who have been exploring alternative apps as the Trump administration weighs a ban on Chinese tech companies over data privacy concerns. Already, apps like Byte, Triller, Dubsmash, Likee and others have climbed the app stores’ charts as Tik...
Tags: Social, Apps, Instagram, Tech, Snapchat, Merlin, Snap, Trump, Facebook Instagram and Messenger, Linkfire, Tiktok, Byte Triller Dubsmash Likee


Snapchat to take on TikTok with a new music-powered featuring rolling out this fall

Snapchat is taking aim at TikTok. The company announced today it will begin testing a new feature that lets Snapchat users set their Snaps to music, similar to TikTok’s app. The feature may allow Snapchat to capitalize on the fracturing of the TikTok audience, who have been exploring alternative apps as the Trump administration weighs a ban on Chinese tech companies over data privacy concerns. Already, apps like Byte, Triller, Dubsmash, Likee, and others have climbed the app stores’ charts as Ti...
Tags: Instagram, Tech, Snapchat, Merlin, Trump, Facebook Instagram and Messenger, Linkfire, Tiktok, Byte Triller Dubsmash Likee


TikTok is at the heart of a wild geopolitical dogfight which means Microsoft might buy it. Here's what's going on.

News broke on Friday that ByteDance-owner TikTok is being pressured by the Trump administration to divest its US business, and Microsoft was in the running to buy it up. Trump then said on Friday he was banning the app, possibly as soon as Saturday. The ban has yet to materialize. Trump's comments reportedly halted Microsoft's acquisition talks, but on Sunday Microsoft announced it was resuming discussions with TikTok. Here's everything we know so far. Visit Business Insider's homepage for mo...
Tags: Europe, Instagram, Microsoft, Navy, China, Satya Nadella, US, Trends, Bloomberg, United States, New York Times, New Zealand, Fox News, Chinese communist party, Republican Party, Times


TikTok is at the heart of a wild geopolitical dogfight and it could result in Microsoft buying TikTok. Here's what's going on.

News broke on Friday that TikTok-owner ByteDance is being pressured by the Trump administration to divest its US business, and Microsoft was in the running to buy it up. Trump then said on Friday he was banning the app, possibly as soon as Saturday. The ban has yet to materialize. Trump's comments reportedly halted Microsoft's acquisition talks, but on Sunday Microsoft announced it was resuming discussions with TikTok. Here's everything we know so far. Visit Business Insider's homepage for mo...
Tags: Europe, Instagram, Microsoft, Navy, China, Satya Nadella, US, Trends, Bloomberg, United States, New York Times, New Zealand, Fox News, Chinese communist party, Republican Party, Times


Facebook, Google, and the US government all have their own reasons to make you believe that TikTok is unsafe and scary — and they're all self-serving

President Trump and the US government have been considering a ban on TikTok over long-held concerns regarding its ties to China, and its access to user data and influence over content moderation. The threat of a TikTok ban would mean that the app's massive US userbase, estimated to be near 80 million, is up for grabs, and US tech companies are already capitalizing with new apps and formats borrowing from TikTok's viral short-form video format. Concerns over national and data security are level...
Tags: Google, Facebook, Mark Zuckerberg, Instagram, Congress, China, US, America, Trends, Linkedin, Silicon Valley, Fox News, Donald Trump, Zuckerberg, Trump, State


The CEOs of Apple, Google, Facebook, and Amazon are about to testify before Congress in a historic antitrust hearing. Here's what's at stake for each company. (GOOG, APPL, AMZN, FB)

The tech CEOs of Apple, Google, Amazon, and Facebook will appear before Congress in a first-of-its-kind hearing on Wednesday. They'll be testifying as part of an antitrust investigation into the dominance of digital platforms that has been running since last June. The CEOs, who will likely appear remotely over video, will have to defend the growing power of their tech companies to skeptical lawmakers. In prepared remarks published ahead of the testimony, all four CEOs argued that their compani...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, John Lewis, Cook, Instagram, Congress, California, Washington Post, Youtube, China, US, Trends


Short-form video app Triller has hired 18-year-old TikTok star Josh Richards as its chief strategy officer and an investor says it's looking to raise $250 million in new funding

Social-media platforms like Triller and Instagram are taking steps to lure creators away from TikTok as they aim to become more competitive in the short-form video category. Triller announced on Tuesday that it's bringing on three TikTok creators — Josh Richards, 18; Griffin Johnson, 21; and Noah Beck, 19 — as investors, with Richards earning the title of chief strategy officer at the startup. While Richards will hold an executive title, he's not planning to take on a traditional nine-to-five ...
Tags: Facebook, Instagram, La, China, India, US, Beck, Trends, Washington Dc, Pitbull, Johnson, Wall Street Journal, Snoop Dogg, Dubsmash, Fox Business, Trump


What Facebook Needs to Focus on Fixing

It’s July 2020, which means Stop Hate for Profit is underway. If you’re not familiar, Stop Hate for Profit is a recent protest where large advertisers have pulled their budgets from Facebook and Instagram to try and get Facebook to adjust their policies on hate speech on the platform. As laudable as this effort is, I think it slightly misses the mark on what areas of the platform Facebook needs to work towards fixing. Here’s why. Facebook Removes 90% of Hate Speech Automatically ...
Tags: Facebook, Mark Zuckerberg, Pinterest, Instagram, Seo, Cnn, United States, House, Fox News, Facebook Marketing, Trump, Mark, Facebook Algorithm, Facebook Needs, Stop Hate for Profit, Facebook Marketing for Brands


‘Company size doesn’t prevent competition’, Zuckerberg to argue at antitrust hearing

“Facebook is a successful company now, but we got there the American way: we started with nothing and provided better products that people find valuable. As I understand our laws, companies aren’t bad just because they are big. Many large companies that fail to compete cease to exist,” Facebook CEO Mark Zuckerberg plans to tell lawmakers at an antitrust hearing on Wednesday, according to prepared remarks released to the public. “We know that our future success is not guaranteed, especially in a ...
Tags: Travel, Apple, Google, Amazon, Facebook, Mark Zuckerberg, News, Instagram, Congress, China, US, America, Competition, Tim Cook, Antitrust, Jeff Bezos


The CEOs of Apple, Google, Facebook, and Amazon are set to testify before Congress in a historic antitrust hearing. Here's what's at stake for each company. (GOOG, APPL, AMZN, FB)

The tech CEOs of Apple, Google, Amazon, and Facebook will appear before Congress in a first-of-its-kind hearing on Wednesday. They'll be testifying as part of an antitrust investigation into the dominance of digital platforms that has been running since last June. The CEOs, who will likely appear remotely over video, will have to defend the growing power of their tech companies to skeptical lawmakers. Here's why each CEO has been asked to appear, the types of questions they will likely be aske...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, John Lewis, Instagram, Congress, California, Washington Post, Youtube, China, Trends, Bloomberg, Jeff Bezos


THE FUTURE OF FINANCE: Check out the 60 fintech startups VCs are betting will be breakout hits

Hello! The financial-services industry is changing at a rapid clip, with fintechs addressing people's needs among the big winners in the wake of the coronavirus, as Dan DeFrancesco and Shannen Balogh reported this week. For example:  Robinhood, which has seen massive growth as market volatility continues, is now valued at $8.3 billion after its most recent funding round in May. Meanwhile, other personal finance apps like Chime and Stash have also seen record sign-up numbers recently.  With that...
Tags: Google, New York, Instagram, Softbank, US, Trends, Dave, Goldman Sachs, Republican Party, Donald Trump, Alex, Bond, Exxon, Wells Fargo, Neiman Marcus, Citi


The CEOs of Apple, Google, Facebook, and Amazon are set to testify before Congress in a historic antitrust hearing next week. Here's what's at stake for each company. (GOOG, APPL, AMZN, FB)

The tech CEOs of Apple, Google, Amazon, and Facebook will appear before Congress in a first-of-its-kind hearing on Wednesday. They'll be testifying as part of an antitrust investigation into the dominance of digital platforms that has been running since last June. The CEOs, who will likely appear remotely over video, will have to defend the growing power of their tech companies to skeptical lawmakers. Here's why each CEO has been asked to appear, the types of questions they will likely be aske...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Spotify, John Lewis, Instagram, Congress, California, Washington Post, Youtube, China, Trends, Bloomberg, Jeff Bezos


Can Social Media Giants Win Their Fight Against The QAnon Hydra?

Twitter announced this week that it had shut down 7,000 QAnon-related accounts and that with time, it would reduce the visibility of a total 150,000 in an attempt to quash the adherents’ cyber attacks and promulgation of misinformation. Other social media platforms are reportedly following their lead. Facebook employees told the New York Times that the platform plans to roll out a similar policy next month. YouTube told TPM that it has already been suspending or removing abusive or mislead...
Tags: Apple, Facebook, Twitter, News, Instagram, Youtube, Hillary Clinton, New York Times, Reddit, Chrissy Teigen, Donald Trump, Sandy Hook, Miller, Trump, Oklahoma City, Alex Jones



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