Friday, October 18

Tag: Twitter

Truth Social Can’t Meme Its Way to Becoming the Next GameStop
2Apr By adminNo Comments
Technology

Truth Social Can’t Meme Its Way to Becoming the Next GameStop

On Reddit and Truth Social, users have been trying to re-create the meme-stock magic for Trump Media and Technology Group—the company behind Truth Social—that boosted companies like GameStop in 2021. So far, they haven’t been too successful.Truth Social, former president Donald Trump’s Twitter copycat, lacks two essential ingredients to the narrative of previous campaigns: underlying fundamentals and the foil of institutional investors. Large hedge funds had shorted GameStop, betting that the price would go down. This time, the stock is owned primarily by retail investors.Unlike other social media companies, the Truth Social doesn’t disclose how many users it has, but has said previously that just 9 million people have signed up for the site, compared with over 3 billion monthly active us...
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Social media apps made $11 billion from children and teens in 2022
28Dec By adminNo Comments
Money

Social media apps made $11 billion from children and teens in 2022

When it comes to children's mental health and privacy, their loss translates into massive gains for social media companies: $11 billion, to be exact.That's according to a new Harvard study that shows social media platforms last year generated $11 billion in revenue from advertising directed at children and teenagers, including nearly $2 billion in ad profits derived from users age 12 and under. Snaphat, TikTok and Youtube reaped the highest share of those billions, approximately 30% - 40% combined, according to the findings.  "Although social media platforms may claim that they can self-regulate their practices to reduce the harms to young people, they have yet to do so, and our study suggests they have overwhelming financial incentives to continue to d...
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The Internet Isn’t Dead. It’s ‘Saturday Night Live’
24Dec By adminNo Comments
Technology

The Internet Isn’t Dead. It’s ‘Saturday Night Live’

The internet sucks now. Once a playground fueled by experimentation and freedom and connection, it’s a flimsy husk of what it was, all merriment and serendipity leached from our screens by vile capitalist forces. Everything is too commercialized. We commodified the self, then we commodified robots to impersonate the self, and now they’re taking our damn jobs. We live in diminished and degrading times. I miss when memes were funny. I miss Vine. I miss Gawker. I miss old Twitter. Blogs—those were the days!Stop me if these gripes sound familiar. In 2023, the idea that the internet isn’t fun anymore is conventional wisdom. This year, after Elon Musk renamed Twitter “X” and instituted a series of berserk changes that made it substantially less functional, complaints about the demise of the goo...
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Elon Musk Wants Bob Iger ‘Immediately’ Fired From Disney
8Dec By adminNo Comments
Technology

Elon Musk Wants Bob Iger ‘Immediately’ Fired From Disney

Elon Musk on Thursday called for the firing of Bob Iger, escalating his attacks on the Disney CEO over the entertainment company’s decision to temporarily suspend advertising on X, formerly Twitter, over an antisemitic post by the tech billionaire.Last month, Musk appeared to endorse a post saying Jews are “pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.”Musk replied to the post, writing: “You have said the actual truth.”Musk has since apologized and walked back that statement, which prompted an advertising boycott against X, conceding it was “one of the most foolish if not the most foolish” posts he’s made on the platform during an appearance at The New York Times’ DealBook Summit. Still, during the same interview, he...
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Elon Musk’s X platform fueled far-right riots in Ireland, experts say
4Dec By adminNo Comments
Money

Elon Musk’s X platform fueled far-right riots in Ireland, experts say

Elon Musk's social media platform X has fueled far-right disinformation in Ireland and played a key role in riots last month in the country's capital Dublin, experts tell CBS News. The violent clashes erupted on Nov. 23 between about 200 civilians and riot police in central Dublin as demonstrators vented rage after a stabbing incident that left multiple people wounded earlier in the day, including a 5-year-old girl who was hospitalized with serious injuries. False reports circulating on social media had suggested the stabbings were carried out by an illegal immigrant. The assailant was in fact a naturalized Irish citizen originally from Algeria. The violence, which saw a tram and a bus set on fire and stores looted, was partially incited by far-right local actors with significant followin...
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Walmart says it has stopped advertising on Elon Musk’s X platform
1Dec By adminNo Comments
Money

Walmart says it has stopped advertising on Elon Musk’s X platform

Walmart said Friday that it is scaling back its advertising on X, the social media company formerly known as Twitter, because "we've found some other platforms better for reaching our customers."Walmart's decision has been in the works for a while, according to a person familiar with the move. Yet it comes as X faces an advertiser exodus following billionaire owner Elon Musk's support for an antisemitic post on the platform. The retailer spends about $2.7 billion on advertising each year, according to MarketingDive. In an email to CBS MoneyWatch, X's head of operations, Joe Benarroch, said Walmart still has a large presence on X.  "Walmart has a wonderful community of more than a million people on X, and with a half a billion people on X, every year the...
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Linda Yaccarino: Linda Yaccarino’s Memo to X staff calls Elon Musk ‘candid and profound’
1Dec By adminNo Comments
Business

Linda Yaccarino: Linda Yaccarino’s Memo to X staff calls Elon Musk ‘candid and profound’

X chief executive officer Linda Yaccarino, who oversees the social network’s relationships with advertisers, sent a memo to employees signaling her support of owner Elon Musk after his incendiary comments insulting brands that have backed away from the platform.“Our principles do not have a price tag, nor will they be compromised — ever,” Yaccarino wrote Thursday, a day after Musk told former advertisers including Walt Disney Co to go “f—-” themselves.“No matter how hard they try, we will not be distracted by sideline critics who don’t understand our mission.”Musk at Wednesday’s DealBook conference flung expletives at advertisers who had paused their campaigns in protest of his posts earlier this month supporting an antisemitic conspiracy theory, in which he agreed that Jewish people hold...
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‘Go F*ck Yourself:’ Elon Musk Tells Companies That Have Paused X Ad Buys To Leave
30Nov By adminNo Comments
Technology

‘Go F*ck Yourself:’ Elon Musk Tells Companies That Have Paused X Ad Buys To Leave

At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Our News, Politics and Culture teams invest time and care working on hard-hitting investigations and researched analyses, along with quick but robust daily takes. Our Life, Health and Shopping desks provide you with well-researched, expert-vetted information you need to live your best life, while HuffPost Personal, Voices and Opinion center real stories from real people.Help keep news free for everyone by giving us as little as $1. Your contribution will go a long way.At HuffPost, we believe that everyone needs ...
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