- Business Insider 14:35January 20, 2020Snap CEO Evan Spiegel made a bold call that TikTok could become bigger than Instagram because it focuses on talent and not likesSteve Jennings/Getty Images for TechCrunch Snap CEO Evan Spiegel told the DLD conference in Germany on Sunday that short-form video app TikTok has an edge over Instagram because its content is driven by "talent" rather than a quest for social status.
Consequently he said the app could grow faster and become bigger than Instagram, which dominates social media apps along with Facebook.
Instagram has been trying to move away from its reputation of being a shallow, status-oriented platform, enforcing changes like removing public like counts.
Visit Business Insider's homepage for more stories. CEO and founder of Snapchat Evan Spiegel thinks short-form video app TikTok has the potential to dethrone Instagram in terms of popularity.
Speaking during a fireside chat at the Digital Life Design (DLD) Conference in Munich on Sunday, Spiegel responded to a question from an audience member about his opinion on TikTok.See the rest of the story at Business InsiderNOW WATCH: Watch Elon Musk unveil his latest plan for conquering MarsSee Also:Instagram keeps a detailed list of everything it thinks you're interested in — here's how to find itShopping on Instagram is going to be huge — but it's barely gotten started yet'Star Wars' star Mark Hamill says he quit Facebook over its stance on political ads — but he's still posting to Instagram, which Facebook ownsSEE ALSO: Instagram CEO Adam Mosseri says an episode of 'Black Mirror' inspired the decision to test hiding likes
< Evan Spiegel, Snapchat, TikTok, Instagram, Facebook, >
- Business Insider 09:21January 20, 2020Facebook blames a 'technical issue' for the vulgar translation of Xi Jinping's nameThomas Peter/Getty Facebook on Saturday apologized for mistranslating Chinese President Xi Jinping's name to "Mr. Shithole" in posts on the site translated from Burmese to English.
The translation error was first discovered in an official Facebook post about Xi's meeting with Myanmar's leader Aung San Suu Kyi.
Facebook said in a statement to Reuters that the offensive translation was due to a "technical issue."
Visit Business Insider's homepage for more stories. Facebook on Saturday apologized for mistranslating Chinese President Xi Jinping's name to "Mr. Shithole" in posts on the site translated from Burmese to English.
According to Reuters, mistranslation was first discovered in a post on Myanmar's State Counselor Office page, discussing a meeting between leader Aung San Suu Kyi and Xi. When translated from Burmese to English, the post referenced Xi as "Mr. Shithole" numerous times. See the rest of the story at Business InsiderNOW WATCH: Here's how to escape a flooding vehicleSee Also:Target employees share the 16 most ridiculous returns they've seen customers makeSearch for South Korean trekkers missing in Nepal could take weeks-rescuersPrince Harry and Meghan Markle plan to become 'financially independent,' but they're already worth about $30 million — and none of that money belongs to the crown
< Xi Jinping, Facebook, Burma, Myanmar, Rohingya, >
- Mashable 01:18January 20, 2020Facebook apologetic after a 'technical issue' calls China's leader 'Mr. Shithole'More like Egg-On-Your-Facebook, amirite?
Facebook is striking an apologetic tone after Burmese text posted on the website showed Chinese President Xi Jinping's name as "Mr. Shithole" in an English translation. The social network is blaming the error on a tech foul-up.
"We fixed a technical issue that caused incorrect translations from Burmese to English on Facebook. This should not have happened and we are taking steps to ensure it doesn’t happen again. We sincerely apologise for the offence this has caused," a statement provided to The Guardian reads.
The UK paper goes on to note that Google's own translation feature doesn't show the same error. Though it turns out there is an explanation for how exactly this happened. Read more...More about Facebook, Myanmar, Xi Jinping, Burmese, and Tech
< Facebook, Myanmar, Xi Jinping, Burmese, Tech >
- Business Insider 16:14January 19, 2020Alphabet's soaring stock just pushed it above a $1 trillion market cap. Here are the 11 highest-valued public companies.Antonio Villas-Boas/Business Insider Alphabet is the latest company to reach a $1 trillion valuation in public trading after closing at a record high Thursday.
The record level adds a third tech company to the list of firms with four-comma valuations.
The list of highest-valued firms remains tech-heavy, though oil behemoth Saudi Aramco maintains the world's highest market cap at $1.84 trillion.
Here are the 11 highest-valued public companies in the world, ranked in ascending order.
Visit the Business Insider homepage for more stories. Alphabet is the latest firm to join the small group of companies with market caps higher than $1 trillion, further cementing the tech sector as the highest valued in public markets.
The Google-parent's Thursday close set the stock high enough to notch a valuation above the four-comma threshold. The record level also helped push Big Tech — the five stock group comprised of Alphabet, Amazon, Apple, Facebook, and Microsoft — past a $5 trillion market valuation for the first time.
The S&P 500's information tech sector is dominating all of the index's other subgroups in the year-to-date, after already posting a 50% return in 2019. The group's massive run-up was primarily driven by Apple stock, as the iPhone maker gained more than 80% last year.
Apple was the first company to reach a $1 trillion valuation in August 2018, and held the crown as the highest-valued public company as recently as December 11. The tech giant lost its top spot when Saudi Aramco debuted on public markets with a record-breaking $1.7 trillion valuation.
Aramco stock proceeded to surge high enough to hit a $2 trillion valuation before paring gains through January.
Here are the 11 highest-valued public companies around the world, ranked in ascending order. Data is as of 3:00 p.m. ET on January 17.11. Visa
Market cap: $350 billion
Year-to-date performance: up 8.7%
10. JPMorgan Chase
Market cap: $433 billion
Year-to-date performance: down 0.5%
Market cap: $491 billion
Year-to-date performance: up 12.4%
See the rest of the story at Business InsiderSee Also:A Wall Street firm names 9 stocks that look like big winners as earnings get underway — and 9 more that could be headed for a plungeWall Street's 5 most accurate analysts reveal the stocks you should buy now for explosive returns in 2020Goldman Sachs says these 15 stocks are poised to explode higher as the economy thrives, based on an exclusive metric it developed
< Features, Markets, Tech, Apple, Saudi Aramco, Amazon, Facebook, Microsoft, Google, Alphabet, $1 Trillion Market Cap, Alibaba, Berkshire Hathaway, Tencent, JPMorgan Chase, Visa, Most valuable companies, >
- New York Times 09:46January 19, 2020Facebook Apologizes for Vulgar Translation of Chinese Leader’s Name“This should not have happened and we are taking steps to ensure it doesn’t happen again,” the company said.
< Translation and Interpreters, Computers and the Internet, English Language, Social Media, Facebook Inc, Aung San Suu Kyi, Xi Jinping, China, Myanmar >
- Guardian 05:30January 19, 2020Facebook blames 'technical error' for Xi Jinping offensive name translation gaffeProblem arises in translation of leader’s name from BurmeseTech giant ‘sincerely apologises for offence this has caused’ Facebook has blamed a technical error for Chinese leader Xi Jinping’s name appearing as “Mr Shithole” in posts on its platform when translated into English from Burmese, apologising for any offence caused and saying the problem had been fixed. Related: 'Hong Kong is at a crossroads': inside prison with the student who took on Beijing Continue reading...
< Facebook, Technology, China, Xi Jinping, Aung San Suu Kyi, Myanmar, Asia Pacific, South and Central Asia, World news >
- Business Insider 00:54January 19, 2020A startup company took billions of photos from Facebook and other websites to create a facial-recognition database, and hundreds of law-enforcement agencies are using itClearwater AI, a facial-recognition startup that scraped social media for images, has been adopted by at least 600 law-enforcement agencies, according to a New York Times report.
The software developers relied on current and former Republican officials to sell the software to law-enforcement agencies.
The agencies reportedly have little information about the origin of Clearwater AI, which likely violated policies of sites like Facebook, Twitter, Instagram, and YouTube to create its database of billions of photos.
There has been growing concern among law enforcement's use of facial-recognition technologies, particularly over fears the tools have a racial bias. A facial-recognition startup is being used by hundreds of law enforcement agencies in the US to solve crimes, but little is known about the software, particularly among the law enforcement community, according to a Saturday report.
Per The New York Times, the software – Clearview AI – is a collaboration between Hoan Ton-That, an Australian native who moved to the US in 2007, and Richard Schwartz, a former aide to former New York City Mayor Rudy Giuliani.See the rest of the story at Business InsiderNOW WATCH: Each year, the US gets around 4 times as many twisters as the rest of the world combined — here's whySee Also:Instagram CEO Adam Mosseri says an episode of 'Black Mirror' inspired the decision to test hiding likesThe best cotton sheets27 sweet Valentine's Day gifts you can get on Amazon
< Facebook, Facial Recoginition, Alexandria Ocasio-Cortez, Twitter, Instagram, Venmo, >
- Breitbart News 21:08January 18, 2020Florida GOP Leader Will Introduce Bill to Fight Social Media CensorshipFlorida State Senator and GOP Leader Joe Gruters will announce a bill next week that will allow Floridians to sue social media companies that censor their political speech, and will restrict the ability of social media companies to use "hate speech" policies as a legal defense for censorship.
< Economy, Politics, Tech, Censorship, Facebook, Florida, Free Speech Online, hate speech, Internet Censorship, Joe Gruters, laura loomer >
- Guardian 19:00January 18, 2020Hypocrisy is at the heart of Facebook’s refusal to ban false political advertising | John NaughtonExecutive Andrew Bosworth’s handwringing about the company’s stance should not blind us to the fact that doing nothing is extremely lucrative for itOn 20 December last, Andrew Bosworth, a long-time Facebook executive and buddy of the company’s supreme leader, Mark Zuckerberg, published a longish memo on the company’s internal network. The New York Times somehow obtained a copy and reported it on 7 January, which led Mr Bosworth then to publish it to the world on a Facebook page. In one of those strange coincidences that mark a columnist’s life, I happened to be reading his memo at the same time that I was delving into the vast trove of internal emails released by the Boeing Company in connection with congressional and other inquiries into the 737 Max disaster. Both sources turn out to have one interesting thing in common – the insight they provide into the internal culture of two gigantic, dysfunctional companies.Trump got elected because he ran the single best digital ad campaign I’ve ever seen from any advertiser. Period Continue reading...
< Facebook, Social networking, Advertising, Media, Technology >
- Business Insider 18:00January 18, 2020Here's why an AI expert says job recruiting sites promote employment discrimination (MSFT, FB)Chris McGrath/Getty Images Data science consultant Cathy O'Neil said discrimination in hiring starts with job advertising sites like LinkedIn, Monster.com, Facebook, and ZipRecruiter.
In an interview with Business Insider, O'Neil said that by focusing on demographic data, algorithms used by job sites often prevent qualified people from ever seeing job openings. O'Neil said algorithms are biased by definition, so rather than making them "colorblind," companies need to continually assess whether they're disproportionately filtering out candidates from marginalized groups. That starts by "defining what it means to be qualified, then ignoring other things," O'Neil said.
Visit Business Insider's homepage for more stories. Data science consultant Cathy O'Neil helps companies audit their algorithms for a living. And when it comes to how algorithms and artificial intelligence can enable bias in the job hiring process, she said the biggest issue isn't even with the employers themselves.
A new Illinois law that aims to help job seekers understand how AI tools are used to evaluate them in video interviews recently resurfaced the debate over AI's role in recruiting. But O'Neil believes the law tries to tackle bias too late in the process.See the rest of the story at Business InsiderNOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.See Also:Shopping on Instagram is going to be huge — but it's barely gotten started yetThese are the 20 best tech jobs in America in 2020 based on salary, job openings, and employee satisfactionHow to unfollow a page on Facebook using a computer or mobile deviceSEE ALSO: Here are all the companies Airbnb has acquired to help it grow into a $31 billion business
< LinkedIn, Facebook, Monster.com, ziprecruiter, Algorithmic bias, algorithms, Jobs, Hiring diversity, MSFT, FB >
- Business Insider 06:02January 18, 2020THE SOCIAL COMMERCE REPORT: Inside the fast-developing opportunity to reach billions of consumers' wallets using social platformsThis is a preview of THE SOCIAL COMMERCE REPORT from Business Insider Intelligence.
14-Day Risk Free Trial: Get full access to this and all Payments & Commerce industry research reports. Social media's immense popularity and influence have built a huge potential audience for shopping through social platforms. Global internet users spent an average of 142 minutes per day on social media in 2018, up from 90 minutes in 2012, according to a report from GlobalWebIndex cited by Digital Information World.
This has made social media a major influence on consumers' purchasing habits, with 36% of US internet users saying social networks have become as important as other information sources for making product choices, up from 27% in 2015, according to a survey from GfK cited by eMarketer.
As social media's influence grows, social commerce is becoming an increasingly important channel in online shopping. Consumers have used social media to learn about products and brands and find inspiration for over a decade; the term "social commerce" was introduced by Yahoo! in 2005. But in the past few years, platforms have been working to eliminate the friction of buying a product elsewhere after discovering it on social media by adding buy buttons and digital wallets, for instance, so users can make direct purchases.See the rest of the story at Business InsiderSee Also:How AI and IoT devices will revolutionize supply chain logistics and managementVISA says there is a payments technology that both buyers and sellers want 'because it just works'These are the 6 trends that will define online retail this year
< Social Commerce, Social Media, Instagram, Facebook, Pinterest, BI Intelligence, BI Intelligence Content Marketing, E-Commerce, Payments, >
- Business Insider 01:10January 18, 2020A group of small tech firms told Congress that Google, Apple and Amazon used bullying tactics to try to crush them. Here are some of the most astounding stories they shared. (GOOG, FB, AMZN, AAPL)Getty/Carsten Koall/Michael Kovac/Business Insider composite Sonos, Tile, Basecamp and PopSockets appeared in Boulder, Colorado to testify before Congress today.
The four tech companies sell a diverse range of products, like speakers, tracking devices, software and phone accessories. But they all alleged that Big Tech firms had 'bullied' them into abiding by their rules.
"Big Tech is bent on expanding until it does absolutely everything, Basecamp CTO David Heinemeier Hansson said, quipping, "Help us Congress, you're our only hope."
Visit Business Insider's homepage for more stories. Google, Amazon, Facebook and Apple were the subjects of scathing criticism by smaller tech companies during a Congressional hearing on Friday.
An assortment of tech firms that sell everything from speakers to phone accessories accused the tech giants of bullying business tactics.
"There's such a dominant power that exists with these companies that when Google or Apple asks for something ... you have no choice but to provide that to those companies," Patrick Spence, the CEO of wireless speaker company Sonos, told lawmakers.
Sonos, Tile, Basecamp, and PopSockets all appeared Friday at a hearing by the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law. Speaking at so-called "field hearing" that took place at the University of Colorado Law School in Boulder, Colo., the executives called for Congress to implement tougher regulation of Big Tech.
The executives told similar stories about how the larger tech companies had used their dominance in one market to cripple competition in its emerging products and tilt the field in their favors for its other product lines.
"At some point, all companies will be competing against Big Tech simply because Big Tech is bent on expanding until it does absolutely everything," Basecamp CTO David Heinemeier Hansson added, and quipped, "Help us Congress, you're our only hope."
Here's how Apple, Google and Amazon use their size to bully smaller tech firms, according to the executives who testified: Apple's strict rules on the App Store make it difficult for smaller companies to innovate, and drains their resources, they said. Meanwhile, Apple develops and boosts its own alternative products.
Tile makes stamp-sized Bluetooth trackers that help customers find their keys, wallets or phones. In some ways, the product competes with Apple's built-in Find My iPhone feature. According to Tile General Counsel Kristin Daru, the company has faced a series of stringent and arbitrary regulations from Apple that have drained its resources.
"Apple is acting as a gatekeeper to applications and technologies in a way that favors its own interests," Daru said. "You might be the best soccer team, but you're playing against a team that owns the stadium, the ball, and the league, and can change the rules when it wants."
Basecamp CTO David Heinemeier Hansson added that the company's App Store tax gives Apple a 30% margin advantage over every competitor. "It is outrageous that that rate has stayed the same," Hansson said.
Daru went on to list examples of the ways in which Apple had allegedly exploited the App Store in its favor: the Find My iPhone app is embedded into iOS while Tile can be installed - or deleted. Find My iPhone's settings are clear but Tile's are buried, thanks to iOS 13's updates, Daru said.
Apple sent a statement to Business Insider after the trial, to say that it was updating its features to allow Tile (and other apps) to automatically enable its full functionality at the time of an app installation.
"We continually work with developers and take their feedback on how to help protect user privacy while also providing the tools developers need to make the best app experiences," a spokesperson said. "We're currently working with developers interested in enabling the "Always Allow" functionality to enable that feature at the time of set up in a future software update."
Google leverages its dominance in search to pressure companies to help boost its other businesses, executives said.
REUTERS/Brandon Wade/File Photo
Earlier this month, Sonos sued Google, alleging that the tech giant infringed on five of its patents.
But Sonos CEO Patrick Spence's testimony against Google went far beyond that.
The advantages Google has in marketing its own products "are like nothing we've ever seen before," Spence said. For instance, Spence alleged that Google had pressured Sonos to only allow its speakers to sync up with Google Assistant, rather than also offer it on Amazon's competing voice assistant Alexa.
"Looking at leveraging market dominance to dominate another category has to be thought through. Is that the spirit of the kind of world we want to live in?" he later added.
Threats of retaliation were also of ongoing concern to the testifying companies.
"We could lose our listing in DuckDuckGo and we wouldn't even tell. We lose Google and we lose our business," PopSockets CEO David Barnett said.
Basecamp CTO David Heinemeier Hansson also had concerns on his company's presence on the search engine. Google makes up more than 40% of Basecamp's traffic, per Reuters, but it allowed competitors to buy ads on Benchmark's trademark and block consumers from reaching the site, Hansson said. The company could only compete by similarly buying ads on Google search.
"Sonos has made misleading statements about our history of working together. Our technology and devices were designed independently. We deny their claims vigorously, and will be defending against them," Google told Business Insider in a statement.
"For trademarked terms like the name of a business, our policy balances the interest of both users and advertisers. Like other platforms, we allow competitors to bid on trademarked terms because it offers users more choice when they are searching. However, if a trademark owner files a complaint, we will block competitors from using their business name in the actual ad text," Google said.
Amazon hosts counterfeits and 'bullies' its third party sellers, according to PopSockets CEO Barnett
Chip Somodevilla / Getty Images
PopSockets, which makes phone accessories, accused Amazon of failing to remove counterfeit products and pressuring it to lower its prices. If it failed to do so, Amazon said it would source the same accessories from third-party sellers, PopSockets CEO David Barnett alleged.
Barnett said Amazon had a host of such tactics to "bully" businesses, and described informing Amazon about 1000 fake products every day, with no recourse. At the same time, Barnett said that Amazon was lowering the prices it was charging consumers, and then demanding payment from PopSockets for its lost marginal profits.
PopSockets has had a tense relationship with the online marketplace for years. The company eventually stopped selling on Amazon, as a result of counterfeits and aggressive pricing tactics, Barnett said.
He ultimately suggested that Congress break up Amazon into two bodies: one that runs the marketplace, and the other that sells on it.
"We sought to continue working with PopSockets as a vendor to ensure that we could provide competitive prices, availability, broad selection and fast delivery for those products to our customers. Like any brand, however, PopSockets is free to choose which retailers it supplies and chose to stop selling directly through Amazon," an Amazon spokesperson told Business Insider.
"Even so, we've continued to work with PopSockets to address our shared concerns about counterfeit, and continue to have a relationship with PopSockets through Merch by Amazon, which enables other sellers to create customized PopSockets for sale," Amazon said.
See the rest of the story at Business InsiderSee Also:How to get YouTube famous, according to an ex-Google exec who interviewed 45 YouTubers with millions of followers'Cyberpunk 2077' is one of the most anticipated video games of 2020, and it just got hit with a major delay — here's what the game is all aboutJeff Bezos is visiting India amid protests and a government investigation into Amazon — here's what his trip has been like so far
< Features, Sonos, Facebook, Google, Amazon, Apple, Tile, PopSockets, Basecamp, GOOG, FB, AMZN, AAPL >
- Business Insider 23:45January 17, 2020Biden on Zuckerberg: 'Whether he engaged in something and amounted to collusion that in fact caused harm that would in fact be equal to a criminal offense, that's a different issue. That's possible.'AP Photo/Andrew Harnik Former Vice President Joe Biden said Facebook CEO Mark Zuckerberg may have committed a "criminal offense" in his handling of political misinformation on the social networking site.
"Whether he engaged in something and amounted to collusion that in fact caused harm that would in fact be equal to a criminal offense, that's a different issue. That's possible. That's possible it could happen," Biden told The New York Times editorial board in an interview published Friday.
Biden also said he's "never been a big Zuckerberg fan," calling the CEO "a real problem."
He also called for the repeal of a law that shields Facebook and other online platforms from being held accountable for the content their users post.
Visit Business Insider's homepage for more stories. Former Vice President Joe Biden said Facebook CEO Mark Zuckerberg may have committed a "criminal offense" in his handling of political misinformation on the social networking site.
"Whether he engaged in something and amounted to collusion that in fact caused harm that would in fact be equal to a criminal offense, that's a different issue. That's possible. That's possible it could happen," Biden, a leading 2020 Democratic candidate, told The New York Times editorial board in an interview published Friday. See the rest of the story at Business InsiderNOW WATCH: A law professor weighs in on how Trump could beat impeachmentSee Also:Elizabeth Warren is running for president in 2020. Here's everything we know about the candidate and how she stacks up against the competition.Bernie Sanders is running for president in 2020. Here's everything we know about the candidate and how he stacks up against the competition.Joe Biden is running for president in 2020. Here's everything we know about the candidate and how he stacks up against the competition.SEE ALSO: The Republican senator who called a CNN reporter a 'liberal hack' for asking an impeachment question refuses to answer the same question from a Fox News host
< Mark Zuckerberg, Joe Biden, Facebook, Democrats, tech companies, Free Speech, >
- Mashable 23:36January 17, 2020Deepfakes are getting easier to make and the internet's just not readyOne of the coolest videos I’ve seen in the past year is a YouTube clip from The Late Show with David Letterman featuring actor and comedian Bill Hader. Or... was that actually Tom Cruise? It's hard to tell sometimes because they keep seamlessly switching back and forth.
So, what exactly are you watching here? Well, someone took an unedited clip of Letterman interviewing Hader and then swapped in Cruise's face using artificial intelligence.
The video is what is known as a deepfake, or manipulated media created through the power of AI.
Deepfakes can be as straightforward as face-swapping one actor onto another in a clip from your favorite movie. Or, you can even have an impersonator provide audio to synced mouth movement and create an entirely new moment for that targeted individual. This Obama deepfake, voiced by Jordan Peele, is a perfect example of that usage. Read more...More about Facebook, Artificial Intelligence, Misinformation, Fake News, and Deepfakes
< Facebook, Artificial Intelligence, Misinformation, Fake News, Deepfakes >
- Observer 20:11January 17, 2020Mark Zuckerberg’s Plan to Merge All Facebook Apps Draws 4th Antitrust ProbeFacebook is already under three separate antitrust investigations by federal regulators.
< Antitrust, Beehive Biometric, Cir.cl, Facebook, facebook lawsuit, Instagram, lenddo, Reveal Chat, Social media, social network, whatsapp >
- Business Insider 18:40January 17, 2020Stanford researchers want to take screenshots of everything you do on your phoneSean Gallup/Getty Images A new study conducted by Stanford aims to understand how people's use of technology impacts their wellbeing.
The researchers want to differentiate between all the different ways people might use a single platform, like Facebook.
Instead of relying of self reporting, a program will take a screenshot every five seconds, and they hope to eventually take screenshots every second.
Visit Business Insider's homepage for more stories. Measuring screen time doesn't cut it anymore, according to Stanford researchers who announced the launch of the Human Screenome Project this week.
The project, as described in the MIT Technology Review, will study digital screen time by taking screenshots of participants' devices at five-second intervals. "Mapping the human screenome can be a critical and cross-cutting part of solutions and theories about social challenges involving media – from fake news to smartphone addiction to social media and mental health," the authors wrote about the project, which they compare to mapping the human genome.See the rest of the story at Business InsiderNOW WATCH: Inside the US government's top-secret bioweapons labSee Also:Joe Biden slams Mark Zuckerberg and Facebook for having too much power: 'I've never been a big Zuckerberg fan. I think he's a real problem'Nancy Pelosi slams Facebook, calling the tech giant 'shameful' and 'very irresponsible'Pete Buttigieg criticizes his friend Mark Zuckerberg: 'No one should have that kind of power'SEE ALSO: Instagram keeps a detailed list of everything it thinks you're interested in — here's how to find it
< Tech, Stanford, Screentime, Research, Facebook, >
- Business Insider 18:31January 17, 2020Joe Biden slams Mark Zuckerberg and Facebook for having too much power: 'I've never been a big Zuckerberg fan. I think he's a real problem' (FB)Associated Press Former Vice President Joe Biden slammed Facebook and CEO Mark Zuckerberg over misinformation on the platform and privacy concerns.
"I've never been a big Zuckerberg fan. I think he's a real problem," Biden said in an interview with The New York Times editorial board published Friday.
Biden called for the repeal of internet laws that shield Facebook and other platforms from being held accountable for the content of users' posts.
Visit Business Insider's homepage for more stories. When asked about his thoughts on Facebook and its CEO, Mark Zuckerberg, former Vice President Joe Biden didn't pull any punches.
"I've never been a fan of Facebook," Biden told The New York Times editorial board in an interview published Friday. "I've never been a big Zuckerberg fan. I think he's a real problem. ... He knows better."See the rest of the story at Business InsiderNOW WATCH: 8 weird robots NASA wants to send to spaceSee Also:Nancy Pelosi slams Facebook, calling the tech giant 'shameful' and 'very irresponsible'Pete Buttigieg criticizes his friend Mark Zuckerberg: 'No one should have that kind of power'AOC is sounding the alarm about the rise of facial recognition: 'This is some real-life "Black Mirror" stuff'SEE ALSO: Pete Buttigieg's campaign used a company criticized for its low wages to hire workers, even after Buttigieg has been critical of the gig economy
< Tech, Politics, Joe Biden, Mark Zuckerberg, Facebook, 2020 election, FB >
- Business Insider 18:12January 17, 2020The 5 most valuable US tech companies are now worth more than $5 trillion after Alphabet's record closeREUTERS/Brandon Wade/File Photo Google-parent Alphabet soared to a $1 trillion valuation Thursday, pushing the total value of the five biggest tech companies to a record $5 trillion.
Apple and Microsoft both boast market caps above the four-comma threshold, while Amazon sank to a $930 billion valuation after first breaching the level in September 2018.
The record-high valuation for Big Tech comes amid heightened regulatory scrutiny around data privacy and calls from governments around the world to break up the massive companies.
Here are the five highest-valued tech stocks, ranked in ascending order.
Visit the Business Insider homepage for more stories. Google-parent Alphabet on Thursday became the fourth US company to reach a $1 trillion market valuation, pushing the total value of the five biggest tech companies to a record $5 trillion.
Apple and Microsoft sit well above the $1 trillion level, surging through the new year after massive gains in 2019. The S&P 500's information tech sector, which includes the two aforementioned companies, is up more than 5% year-to-date, outperforming all other groups in the benchmark index.
Amazon previously held a market value above the four-comma threshold but has since sank to roughly $930 billion. Facebook sits at the lowest valuation among the group of five with a market cap of about $630 billion. Including Facebook in the group drives Big Tech's collective value above $5.2 trillion.
CNBC first reported on the milestone valuation for Big Tech.
The record-high valuation for Big Tech arrives amid heightened scrutiny from regulators and US legislators. Calls to break up the most valuable tech firms have taken center stage at congressional hearings, Democratic primary debates, and in governments abroad as many view the companies as reaching monopolistic levels of influence.
The European Union's antitrust regulators recently homed in on Big Tech following the Cambridge Analytica scandal, and the group is now grilling Google over its data collection policies. State attorneys general in the US are also investigating the search engine giant, yet the months of regulatory pressure haven't held shares down. Alphabet jumped more than 30% in 2019 and is already up nearly 9% in the new year.
Here are the five highest-valued tech companies, ranked in ascending order by market cap. Data is as of market close on January 16.5. Facebook
Market cap: $632 billion
Year-to-date performance: up 8.5%
Market cap: $931 billion
Year-to-date performance: up 1.7%
Market cap: $1 trillion
Year-to-date performance: up 8.6%
See the rest of the story at Business InsiderSee Also:A Wall Street firm names 9 stocks that look like big winners as earnings get underway — and 9 more that could be headed for a plungeWall Street's 5 most accurate analysts reveal the stocks you should buy now for explosive returns in 2020Goldman Sachs says these 15 stocks are poised to explode higher as the economy thrives, based on an exclusive metric it developed
< Features, Tech, Amazon, Google, Alphabet, Alphabet Stock, alphabet stock price, Apple, Facebook, Microsoft, $1 Trillion Market Cap, $1 trillion club, Market Cap, Big Tech, tech companies, >
- Business Insider 16:27January 17, 2020Facebook is being sued by 4 tech firms who want Mark Zuckerberg give up control and sell his majority stakeDrew Angerer/Getty Images Four tech firms – two of which are now defunct – are suing Facebook on antitrust grounds and demanding that Mark Zuckerberg sell his majority stake in the company.
The four little-known firms banded together to accuse Facebook of running "the most brazen, wilful anticompetitive scheme in a generation" in a federal lawsuit filed Thursday.
The four complained of Facebook's acquisition of WhatsApp and Instagram, and said the firm's planned integration of the services would cement the firm's dominance.
Business Insider has approached Facebook for comment.
Visit Business Insider's homepage for more stories. Four tech firms are suing Facebook in the US on competition grounds, and are demanding that CEO and chairman Mark Zuckerberg sell his majority stake in the social network.
The four companies are online marketplace-cum-social network Cir.cl; identity verification firm Beehive Biometric; chat app Reveal Chat; and Lenddo, a financial service provider. Two of the four – Cir.cl and Beehive Biometric – are now defunct, while Reveal Chat was acquired by music streaming service Rhapsody in 2015.See the rest of the story at Business InsiderNOW WATCH: Most maps of Louisiana aren't entirely right. Here's what the state really looks like.See Also:Nancy Pelosi slams Facebook, calling the tech giant 'shameful' and 'very irresponsible'Pete Buttigieg criticizes his friend Mark Zuckerberg: 'No one should have that kind of power''Star Wars' star Mark Hamill announces he's deleting his Facebook account: 'I'll sleep better at night'SEE ALSO: Facebook says the FTC is officially investigating it over antitrust concerns
< Facebook, Antitrust, Lawsuits, Mark Zuckerberg, European Union, >
- Huffington Post UK 11:33January 17, 2020Loose Horse Hitches A Ride On Cardiff City Bus
< uk news, Facebook, wales, Median strip, news, facebook, wales, median-strip, NEWS >
- Mashable 04:51January 17, 2020Here's the real reason Mark Zuckerberg is so afraid of TikTokMark Zuckerberg has already made it clear he has no love for TikToK, but we now have an even clearer look at just why he's so concerned about the Chinese rival. In short: the app is growing like crazy, even by Facebook standards.
TikTok was downloaded more than 738 million times in 2019, according to analytics company Sensor Tower, beating out both Instagram and Facebook. In fact, there was only one app that was downloaded more, according to the firm: the Facebook-owned WhatsApp.
But while a Facebook property may hold the top spot, the report underscores just how big of a threat TikTok is to Facebook's dominance. Read more...More about Tech, Facebook, Mark Zuckerberg, Social Media Companies, and Tech
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- Mashable 03:37January 17, 2020Facebook still hasn't paid that $5B FTC fine, but what happens when it does?Facebook still owes the U.S. government $5 billion.
The social media giant has yet to make good on its debt to the American people following a record fine levied by the Federal Trade Commission in July. While the specifics of the settlement are still being challenged, it's worth asking what happens next with all that money — assuming this all eventually gets worked out.
I mean, it's not like Mark Zuckerberg can just walk one of those giant novelty-sized checks over to the the While House. However, don't think for a second that the exact manner and timing of the payment hasn't been precisely dialed in. Read more...More about Facebook, Ftc, Tech, and Social Media Companies
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- The Guardian(UK) 03:01January 17, 2020Academics call for social media data to protect young peopleRoyal College of Psychiatrists hope research will shine light on interaction and reduce suicide ratesSocial media firms such as Facebook and Instagram should be forced to hand over data about who their users are and why they use the sites to reduce suicide among children and young people, psychiatrists have said.The call from the Royal College of Psychiatrists comes as ministers finalise plans to crack down on issues caused by people viewing unsavoury material and messages online. Continue reading...
< Social media, Facebook, Digital media, Media, Social networking, Technology, Mental health, Health, Society, Suicide rates, Twitter, Instagram, Internet, Psychiatry, Children, Young people >
- Mashable 02:57January 17, 2020Daily Show imitates Facebook to remind Trump who his friends areLate night hosts and social media have one big thing in common: neither will let you forget your most embarrassing moments.
In the style of Facebook's sentimental "Friends Day" commemorative videos, the Daily Show released a video Thursday to remind President Trump who his friends are.
Recently, Trump has been disavowing a connection to Lev Parnas, a key witness in the congressional impeachment trial. His insistence that he doesn't know him is an attempt to distance the President from plans to get Ukrainian officials to investigate the Biden family for Trump's political gain.
Another odd figure in the mix is Robert Hyde, a Trump donor and aspiring politician, who attempted to help Parnas and Rudy Giuliani in the Ukraine scheme by informing on the whereabouts of the Ukrainian ambassador. Recently, it was revealed that Hyde has a history of stalking and mental illness. Read more...More about Facebook, Donald Trump, The Daily Show, Tech, and Politics
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- Business Insider 00:51January 17, 2020Facebook will reportedly stop pushing to sell ads on WhatsApp, more than a year after its founders resigned in protest of the effort (FB)Facebook is reportedly shelving a controversial plan to include advertisements in its WhatsApp messaging service, a new report said.
The company recently disbanded a team that explored the best ways of integrating ads onto WhatsApp, the Wall Street Journal's Jeff Horowitz and Kirsten Grind reported on Thursday.See the rest of the story at Business InsiderNOW WATCH: Most maps of Louisiana aren't entirely right. Here's what the state really looks like.See Also:The last decade showed how social media could topple governments and make social change — and it's only getting crazier from hereHow to change your phone number on Facebook, or remove it entirelyHow to request money on Facebook using the Facebook Messenger app
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- Mashable 23:22January 16, 2020Nancy Pelosi is so over Facebook, calls execs 'accomplices' in misleading AmericansNancy Pelosi is fed up with Facebook.
The Speaker of the House slammed the social network on Thursday, saying the company has acted as "accomplices for misleading the American people [...]."
"The Facebook business model is strictly to make money. They don’t care about the impact on children, they don’t care about truth, they don’t care about where this is all coming from, and they have said, even if they know it’s not true, they will print it,” Pelosi said in remarks reported by CNBC.
She went on to say that the company is more interested in cozying up to the Trump Administration and shirking potential antitrust regulation than in pursuing the truth. Read more...More about Tech, Facebook, Nancy Pelosi, Social Media Companies, and Tech
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- Mashable 22:30January 16, 2020Bernie Sanders is a confirmed NUMTOTBernie Sanders thanked "New Urbanist Memes for Transit Oriented Teens" for its endorsement of his 2020 presidential campaign. And yes, he did have to request to join the group.
The Facebook group, also known as NUMTOT, has 179,613 members who aren't only public transportation enthusiasts, but also actively campaign for more accessible, affordable infrastructure. NUMTOT content is a blend of urban planning memes, absurd internet humor, and a socialist passion for dismantling the car industry.
It's only fitting that the group's administrators formally endorsed Bernie Sanders on Wednesday, noting that his proposed nationwide affordable housing initiatives and promise to invest in public transportation particularly aligns with core NUMTOT values. Read more...More about Facebook, Bernie Sanders, Public Transportation, Culture, and Web Culture
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- Business Insider 20:49January 16, 2020Nancy Pelosi slams Facebook, calling the tech giant 'shameful' and 'very irresponsible' (FB)Scott J. Applewhite/AP House Speaker Nancy Pelosi criticized Facebook on Thursday, highlighting brewing concerns over the social media giant's size and influence as well as its impact on election interference.
During a press conference, Pelosi called Facebook's behavior "shameful" and accused it of acting in an "irresponsible" way.
Facebook is under scrutiny for its handling of privacy and its role spreading misinformation ahead of the 2016 elections.
Visit Business Insider's homepage for more stories. House Speaker Nancy Pelosi criticized Facebook during a press conference on Thursday, calling the company's behavior "shameful" and accusing the tech giant of acting in an "irresponsible" manner. The comments come as Facebook has been embroiled in several controversies over the past few years regarding digital privacy, election interference, and antitrust regulation among other issues.
Pelosi, who represents San Francisco, where Facebook has offices, was responding to a question about whether she believes technology executives like Facebook CEO Mark Zuckerberg hold too much power, reigniting ongoing concerns about the influence of large tech firms. See the rest of the story at Business InsiderNOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.See Also:Pete Buttigieg said his friend Mark Zuckerberg has too much power and called a social network like Facebook 'a natural monopoly'AOC is sounding the alarm about the rise of facial recognition: 'This is some real-life "Black Mirror" stuff'Jeff Bezos is visiting India amid protests and a government investigation into Amazon — here's what his trip has been like so farSEE ALSO: Amazon's head of devices says the smart home is still 'too complicated' — and working with major rivals like Apple and Google is the way to fix it
< Nancy Pelosi, Facebook, Mark Zuckerberg, Antitrust, Tech, Politics, FB >
- Business Insider 20:16January 16, 2020Pete Buttigieg said his friend Mark Zuckerberg had too much power and called a social network like Facebook 'a natural monopoly' (FB)Reuters; Susan Walsh/AP In a new interview with The New York Times, presidential candidate Pete Buttigieg was asked whether he thinks Facebook CEO Mark Zuckerberg holds too much power. "Yes," Buttigieg said. "No one should have that kind of power."
Buttigieg pointed to Facebook's refusal to fact-check political ads as one of the issues with the company, for which Facebook has experienced frequent criticism.
Zuckerberg has said that he would welcome clearer rules for the internet, and hinted at a desire for more oversight.
Buttigieg and Zuckerberg attended Harvard University at the same time and, according to Buttigieg "got a lot of mutual friends." The two have met on several occasions in recent years and Zuckerberg and his wife suggested hires for the Buttigieg campaign.
Visit Business Insider's homepage for more stories. Pete Buttigieg might have a friendly relationship with Silicon Valley, but that didn't stop him from critiquing Facebook CEO Mark Zuckerberg.
In a new interview with The New York Times' Editorial Board, the South Bend mayor and presidential candidate was asked whether he thinks Zuckerberg holds too much power. Buttigieg's answer was a resounding "yes." See the rest of the story at Business InsiderNOW WATCH: Why it's so hard for planes to land on waterSee Also:AOC is sounding the alarm about the rise of facial recognition: 'This is some real-life "Black Mirror" stuff'Jeff Bezos is visiting India amid protests and a government investigation into Amazon — here's what his trip has been like so farJack Dorsey says Twitter will 'probably never' add an edit button
< Tech, Politics, Election 2020, 2020 Campaign, Pete Buttigieg, Silicon Valley, Mark Zuckerberg, Facebook, Social Media, Antitrust, Monopolies, FB >
- Business Insider 19:47January 16, 2020Open source and API driven chatbots allow businesses to build cross-platform chatbots with easeThis is a preview of Business Insider Intelligence's Connectivity & Tech coverage.
Business Insider Intelligence offers even more insights like this with our Connectivity & Tech Pro coverage. Subscribe today to receive industry-changing banking news and analysis to your inbox. The increased usage of chat applications opens the door for more businesses to utilize the ease of developing chatbots to reach more of their audience.
Chatbots are still an emerging technology, but they have shown that as the more tech-savvy generations grow, so does the usage and opportunities for chatbots.See the rest of the story at Business InsiderSee Also:LG is partnering with automotive software firm Cerence to develop an AI-powered connected car platformThree key trends we took away from CES 2020Charter is shuttering its Spectrum home security service
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- Business Insider 19:19January 16, 2020How to ban someone from your Facebook page using your computerAssociated Press You can ban someone from a Facebook page if the user is disrupting the normal operation of your page, or is otherwise causing issues to warrant a ban.
When you ban someone from a public Facebook page, the person will no longer be able to actively publish or like posts on the page, though the user can still browse it.
If the Facebook page is private, however, the user then won't be able to access the page.
Visit Business Insider's homepage for more stories. If you're an administrator of a Facebook page, you understand the amount of work that managing it can involve.
For example, if you're an administrator for a business Facebook page, you have to keep your posting, brand and voice alive while monitoring its market exposure. If you run a community Facebook page, you may have to approve new members, respond to queries and suggestions, and review posts and comments. See the rest of the story at Business InsiderNOW WATCH: Why it's so hard for planes to land on waterSee Also:How to edit your Yelp profile and customize your public appearance on the platformHow to delete your Skype contacts on a computer or mobile deviceHow to unfollow a page on Facebook using a computer or mobile deviceSEE ALSO: The best Apple MacBook laptops
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- Business Insider 18:41January 16, 2020'What do the check marks mean on Facebook Messenger?': Here's what you need to knowShutterstock The check marks on Facebook Messenger indicate the status of your message.
The color and icon next to your message in Facebook Messenger will change depending on if your message is sending, was sent, was delivered, or was read by the other person.
Visit Business Insider's homepage for more stories. Facebook Messenger is an easy way to freely communicate with people across the globe. It works as a part of a phone's data plan, allowing users to send messages, share photos and videos, or show someone how they're feeling with gifs, stickers, and emojis.
The app can be used to communicate between two users or multiple participants in a group chat. It can also be used for phone and video calls, which are free over Wi-Fi, and to send voice messages. See the rest of the story at Business InsiderNOW WATCH: How autopilot on an airplane worksSee Also:How to change your primary location on Yelp using a computer or mobile deviceHow to edit your Yelp profile and customize your public appearance on the platformHow to unfollow a page on Facebook using a computer or mobile deviceSEE ALSO: The best iPhone for every type of person and budget
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- Business Insider 00:13January 16, 2020Instagram keeps a detailed list of everything it thinks you're interested in — here's how to find it (FB)Reuters Instagram compiles a list of topics it thinks you're interested in inside the Instagram app itself, which is used to show you relevant ads.
You can check the list for yourself with just a few taps into some of the Instagram app's deeper settings.
My own list of supposed interests starts out accurate, but some missed the mark.
Visit Business Insider's homepage for more stories. You can see what Instagram thinks you're interested in by going into the app's deeper settings options.
The list of interests is, of course, related to ads and ad data. Instagram says your ad interests are based on a combination of who you follow, what posts you like or comment on, and other websites and apps you use. If you have a Facebook account, Instagram pulls data from there, too.
I checked my own list of topics that Instagram thinks I'm interested in, and it's a little confusing. I'm not particularly interested in many of the topics in the list that Instagram has built for me.
For example, I'm not especially interested in tattoos, or physical fitness, and I really don't care much about video games at all. Instagram definitely knows me well from my first interest, though: online shopping. I've clicked through enough Instagram ads, and follow enough influencers who tag all their clothes, to see how that one ended up in my interests.
You can check your own list of topics of interest that Instagram has compiled about you to see if it's accurate. Here's how.
Antonio Villas-Boas contributed to an earlier version of this post.From the Instagram home page, tap the profile icon on the bottom right.
Then, tap the menu icon on the top right.
Next, tap "Settings" ...
See the rest of the story at Business InsiderSee Also:'Star Wars' star Mark Hamill says he quit Facebook over its stance on political ads — but he's still posting to Instagram, which Facebook ownsHow to manually update Instagram on your iPhone, so you never miss out on its latest featuresThe last decade showed how social media could topple governments and make social change — and it's only getting crazier from hereSEE ALSO: A nurse's viral TikTok video urging abstinence is sparking conversations about other times medical professionals have been 'patronizing' or shown prejudice
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- Business Insider 19:01January 15, 2020THE FUTURE OF FINTECH 2019: The five megatrends reshaping the financial services value chain (GOOGL, AAPL, WF, GS, FNF, FB, IBM, BAC, MER-K, BCS, PYPL, SQ, AMZN, BABA, C)Business Insider Intelligence
This is a preview of a five-part slide deck from Business Insider Intelligence. To learn more about Business Insider Intelligence, click here.
The pace of change in financial services has never been faster. In only the first quarter of 2019, Apple Card sent a shock wave through the credit card space, FIS' $35 billion Wirecard acquisition set a record in the payments industry, and Fifth Third's acquisition of MB Financial minted a new top-five bank. See the rest of the story at Business InsiderSee Also:Personal Capital Review 2020: Fees, Returns, Robo Investing Services & CompetitorsTop robo advisors in 2020: Performance reviews, returns, and comparisonsMore layoffs at SoftBank-backed companies, Salesforce faces questions, and another alt-data shakeup
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- Business Insider 08:02January 15, 2020THE SOCIAL VIDEO REPORT: How social platforms are transforming their video distribution strategies and creating new opportunities for brands (FB, SNAP, GOOGL, AAPL)This is a preview of a research report from Business Insider Intelligence. To learn more about Business Insider Intelligence, click here. Current subscribers can log in and read the report here.
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Social platforms are ramping up on emergent video formats to drive new and deeper forms of engagement across their sites and apps, yielding new opportunities for brands. See the rest of the story at Business InsiderSee Also:Facebook advertising isn't going out the window, but we could see a transformationA YouTube creator broke down the strategy that earned him $400,000 last yearHow much money a Harvard YouTube influencer earns, the business of reptile videos, and what it's like to film David Dobrik
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- Business Insider 07:00January 15, 2020THE STORIES REPORT: How brands can take advantage of the viral growth of the Stories format (FB, SNAP, GOOGL)This is a preview of The Stories Report from Business Insider Intelligence.
14-Day Risk Free Trial: Get full access to this and all Digital Media industry research reports. Stories are on track to become the main format for social media consumption, providing brands with a massive and vital opportunity to reach consumers.
Facebook CEO Mark Zuckerberg claims the format will supplant News Feed use as soon as mid-2019, a much quicker pace than the social network anticipated. Combined, Stories features on Facebook-owned platforms command a whopping 1.5 billion daily active users (DAU), though some may be double-counted. Snapchat's audience is significantly smaller, though still sizable at 190 million DAU as of Q1 2019. Stories-centric features have also emerged on several other platforms, including YouTube, Google search results, and even LinkedIn.See the rest of the story at Business InsiderSee Also:Facebook advertising isn't going out the window, but we could see a transformationA YouTube creator broke down the strategy that earned him $400,000 last yearHow much money YouTube paid a creator for 28 million views — on a video about snakes
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- Business Insider 00:34January 15, 2020How to unfollow a page on Facebook using a computer or mobile deviceShutterstock You can easily unfollow a page on Facebook on a computer or mobile device.
When you "unfollow" a page you still keep the "Like" for that particular page, but the posts will no longer appear in your Newsfeed.
Visit Business Insider's homepage for more stories. You can easily unfollow a page on Facebook without unliking it.
Unfollowing a page on Facebook means that notifications and updates will no longer appear in your News Feed, but you'll still be able to access the page and its posts if you manually navigate to it. See the rest of the story at Business InsiderNOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home MiniSee Also:How to add photos to your Yelp review using your computer or mobile deviceHow to change a Facebook group's name on your computer or mobile deviceHow to sort alphabetically in Google Sheets on desktop or mobile, and organize your spreadsheet dataSEE ALSO: The best Apple MacBook laptops
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- Business Insider 23:52January 14, 2020'Star Wars' star Mark Hamill says he quit Facebook over its stance on political ads — but he's still posting to Instagram, which Facebook owns (FB)Matt Winkelmeyer/Getty "Star Wars" actor Mark Hamill announced on Sunday that he was quitting Facebook in protest of the company's handling of political ads.
There's only one problem: Hamill has been posting frequently since then to Instagram, which Facebook owns.
The company's stance on fact-checking political ads — specifically, that it won't — has been heavily criticized since it announced the policy last October.
Visit Business Insider's homepage for more stories. "Star Wars" star Mark Hamill may have made a public show of deleting his Facebook account, but it appears he's having a tough time letting go of one of the company's other apps: Instagram.
The actor announced in a tweet on Sunday that he was deleting his Facebook account in protest due to the company's stance on fact-checking political ads — specifically, that it won't — and CEO Mark Zuckerberg's refusal to amend the policy. See the rest of the story at Business InsiderNOW WATCH: 8 weird robots NASA wants to send to spaceSee Also:How to manually update Instagram on your iPhone, so you never miss out on its latest featuresThe 6 most surprising and unusual takeaways from Casper's IPO filing'Star Wars' star Mark Hamill announces he's deleting his Facebook account: 'I'll sleep better at night'
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- Business Insider 23:00January 14, 2020The last decade showed how social media could topple governments and make social change — and it's only getting crazier from here (FB, TWTR, GOOG)Flickr/Sallam The Arab Spring kicked off a decade in which technology and social media would play a key role in powering social movements and bringing about lasting change.
Facebook and Twitter would help topple strongmen leaders in the Middle East, broadcast issues like election fraud in Russia, and bring issues like police brutality, racism and sexual harassmentto the forefront of national conversation.
But it also spun out of control in the 2010s. Facebook and Twitter were used to broadcast propaganda, distribute misinformation, inspire deadly campaigns through hate speech, and disrupt elections.
Social media may continue to be a key part of our lives, but its users must wrestle with a host of problems in the new decade, like misinformation and government surveillance.
Visit Business Insider's homepage for more stories. Few people at the beginning of the last decade had any idea what a powerful political machine platforms like Facebook and Twitter would shape up to be — including, it often seems, Facebook's own CEO Mark Zuckerberg.
The 2010s were the decade that online activism "went mainstream," said Athina Karatzogianni, a media and communications professor at the University of Leicester.
For one thing, the speed at which information was able to spread "allowed protest networks and other resistant movements to have spectacular spillover effects," Karatzogianni said. Its effects "were obvious with WikiLeaks, the Arab Spring uprisings, the Occupy movement, and anti-austerity movements in Europe, Turkey, Brazil. In Nigeria, India, and other hotspots, online feminist movements exploded."
Over the past decade, hashtags like #BlackLivesMatter and #MeToo blossomed into full-blown movements in their own right, starting national conversations on the accountability of the powerful.
At the same time, a darker edge has emerged: Russia has been blamed for using misinformation on social media to influence the 2016 American presidential election, even as the social networks have been abused by militants and terrorist groups like ISIS and used to spur lethal vigilante attacks in India.
Now, the ongoing protests in Hong Kong, Chile, and elsewhere show that social media's promise as a lever for change isn't going anywhere — but that there are still many challenges to be faced as the world adjusts to the potential for the technology to enable real harm.
Here's a look at how social media shaped our society over the past decade, and how it laid the groundwork for how we face the perils of the decade to come:The power of social media became clear in December 2010, as Tunisian protesters used it to topple the 23-year-long regime of a strongman leader. As Egypt, Libya, Yemen and Syria followed suit, it looked like the foundation for lasting political change.
Fethi Belaid/AFP via Getty Images The Arab Spring, sometimes dubbed the Facebook revolution or Twitter revolution, shook regimes across the Arab world. But it started simply, with an argument between a police officer and a Tunisian street vendor over a fruit and vegetable cart.
His self-immolation struck a nerve in Tunisia, provoking weeks of demonstrations across to countries and ultimately unseating their president of 23 years, Zine al-Abidine Ben Ali.
And it didn't stop there. Massive demonstrations were mobilized within hours, across countries like Egypt, Libya, Jordan, Yemen and Syria.
Online activism was crucial: "We use Facebook to schedule the protests, Twitter to coordinate, and YouTube to tell the world," one Egyptian activist explained in 2011.
Protesters had some outside help from hackers, who have a long tradition of creating tools to help protesters dodge Internet censorship by giving them access to a VPN or proxy server, according to cybersecurity researcher Keren Elazari.
In this case, Elazari says the hacking collective Anonymous "helped dissidents get access to the Internet when their regimes tried to shut it down," carrying out operations in Tunisia, Egypt, Libya and other countries.
By early February 2011, Egypt's President Mubarak was swept out of office. Libya's Mohammed Ghadafi's 42-year-long regime ended with his capture and death later that October. Yemen's Ali Abdullah Saleh stepped down in November 2011, and Jordan's King Abdullah dissolved parliament and called for early elections in October 2012. The Arab Spring was just the beginning: A new generation of digitally-savvy protesters had tapped into global social networks, leading to mass protests in countries like Russia.
As the Arab Spring protests were spreading through the Middle East, protests against another leader were also raging further west. A controversial Russian parliamentary election result in December 2011 had caused an uprising among Russia's digitally-savvy youth, who accused the United Russia party and its leader Vladimir Putin of tampering with the results.
As protests continued in early 2012, Vladimir Putin became president in the face of unprecedented public opposition. The digital world stayed critical in mobilizing mass demonstrations.
Russians using smartphones filmed authority figures bribing subordinates to get out the vote for United Russia, the New York Times reported. They also camped out in polling stations as amateur observers. During a rally that drew tens of thousands of protesters onto the street, Russians actually broadcast the event live, holding iPads over their heads.
Back in the US, social media started to prove foundational to movements like Occupy Wall Street, which used Facebook and Twitter to get organized.
Mario Tama/Getty Images
Decentralized and leaderless, Occupy Wall Street grew from the aftermath of the Great Recession and attracted many of those discontent with the relationship between the government and the financial sector.
After a demonstration in Manhattan's Zuccotti Park led to hundreds of arrests, the hashtag — and the movement — began to pick up steam around the country, as tags like #OccupyBoston and #OccupyDenver began to show up on Twitter.
Facebook listed no fewer than 125 Occupy-related pages, and #OWS accounted for roughly 1 in every 500 hashtags used on Twitter, it was reported at the time.
And its impact on mainstream American politics has been lasting. Policy proposals like taxing the billionaires and Medicare for all trickled into Congress during the 2010s, as the call to rethink American capitalism and narrow the wealth inequality gap grew stronger.
See the rest of the story at Business InsiderSee Also:How to request money on Facebook using the Facebook Messenger appHow to find your friends' birthdays on Facebook using your computer or mobile phone'Star Wars' star Mark Hamill announces he's deleting his Facebook account: 'I'll sleep better at night'
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- Business Insider 21:40January 14, 2020How to change a Facebook group's name on your computer or mobile deviceShutterstock You can change a Facebook group's name by going into the group's settings.
In order to change a group's name, however, you have to be an administrator for the Facebook group.
Visit Business Insider's homepage for more stories. If you've created a Facebook group, or another person has made you an administrator of their group, you are able to change that group's name.
While Facebook has some restrictions, for the most part, you can call a group whatever you want, so long as the name doesn't violate Facebook's Community Standards.See the rest of the story at Business InsiderNOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.See Also:How to sort alphabetically in Google Sheets on desktop or mobile, and organize your spreadsheet dataHow to request money on Facebook using the Facebook Messenger appHow to find your friends' birthdays on Facebook using your computer or mobile phoneSEE ALSO: The best Apple MacBook laptops
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- Business Insider 19:04January 14, 2020How to manually update Instagram on your iPhone, so you never miss out on its latest featuresAmr Alfiky/AP You can update Instagram on your iPhone manually by going to the App Store.
Instagram, along with other apps on your iPhone, should update automatically, but if they don't, you can start the update on your own.
Visit Business Insider's homepage for more stories. The photo-sharing app Instagram is constantly making changes to improve the look and function of their app.
Major updates for some users recently have included the addition of dark mode, and a feature that hides public "Like" counters in certain countries.See the rest of the story at Business InsiderNOW WATCH: Inside the US government's top-secret bioweapons labSee Also:How to use the Magnifier feature on your iPhone to make signs and other text around you easier to readHow to 'like' a text message on your iPhone using Tapback, the reaction feature built into iMessageHow to request money on Facebook using the Facebook Messenger appSEE ALSO: The best iPhone accessories from cases to lightning cables
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- Business Insider 18:43January 14, 2020How to embed a Facebook video into your website or presentation in 5 simple stepsReuters You can embed a Facebook video into your website or presentation to enrich and illustrate your content.
If you want to embed a Facebook video somewhere, there is a simple way to get a code to do so directly from Facebook, but it's not as intuitive as you might think.
Visit Business Insider's homepage for more stories. As a social media website, Facebook can be a treasure trove of shareable content. Images, status updates, news articles, and videos make us laugh, cry, and think about the world around us, and videos have long been an especially popular form of media on the site.
So what do you do if you see a video that moves you so much that you just have to share it with the world around you? You could simply share it on the website in two clicks. See the rest of the story at Business InsiderNOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.See Also:How to change your name on Yelp in 3 steps, or add a nickname to your profileHow to find your friends' birthdays on Facebook using your computer or mobile phoneHow to make a Skype call on your computer or mobile device, or start a group callSEE ALSO: The best Apple MacBook laptops
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- Business Insider 16:00January 14, 2020Gen Z grads think jobs at big tech companies like Facebook and Google are 'harmful,' and they refuse to work for themBrad Doherty/AP Images Some Gen Z college grads say they won't work for tech companies like Facebook and Google because of recent scandals in big tech, The New York Times reported.
Ivy League engineering grads once ranked Google, Amazon, and Facebook in their top 10 most desirable places to work, prompting finance firms to relax their office culture to copy Silicon Valley.
Tech firms continue to rank as the top places to work according to LinkedIn and Glassdoor, but some former Facebook recruiters say the acceptance rate for new hires has fallen by as much as 40% in recent years, according to the Times.
Visit Business Insider's homepage for more stories. Facebook and Google routinely hold the top spots for the best places to work, but some college grads couldn't care less.
Generation Z college graduates, or those born between 1996-2010, say they won't be applying to jobs at major tech companies due to concerns over company ethics, according to a new report from The New York Times.See the rest of the story at Business InsiderNOW WATCH: Taylor Swift is the world's highest-paid celebrity. Here's how she makes and spends her $360 million.See Also:Google's career experts say that your resume should always have 5 things9 actions to take in the 15 minutes before a job interview to stay calm, focused, and in controlHow to recognize the subtle biases that women face at work that stop them from advancing their careersSEE ALSO: After a year of unrest at Google, insiders are reacting with a weird lack of emotion to the leadership change
< Google, Facebook, Generation Z, Job Application, College, Tech, Engineering, Strategy, Careers, >
- Observer 00:39January 14, 2020Jeff Bezos Is Under Fire After Announcing Meager Donation to Fight Australian WildfiresBezos was trying to match other celebrity donors. But the public says he should be held at a higher standard.
< Amazon, Australia wildfire, billionaire, Facebook, philanthropy >
- Business Insider 00:22January 14, 2020The richest people in Singapore, rankedMai Shangmin/China News Service/Visual China Group via Getty Images The richest people in Singapore include real-estate magnates, private investors, the cofounder of Facebook, and hot pot billionaires, according to Forbes' Real-Time Billionaires list.
Singapore's richest person is Zhang Yong, a 50-year-old restaurateur who's worth $16.4 billion and chairs the popular Sichuan hot pot chain Haidilao, which has locations in China, the US, Japan, South Korea, and Singapore.
The youngest person on the list is 38-year-old Eduardo Saverin, the cofounder of Facebook, a Brazilian native who's been a Singapore resident since 2012.
Singapore's richest people are worth a combined $95.7 billion.
Visit Business Insider's homepage for more stories. Singapore, one of the most expensive cities in the world, is home to an estimated 44 billionaires.
These ultra-wealthy individuals range from real-estate magnates and private investors to hot pot billionaires and even the cofounder of Facebook.
Singapore's richest person is Zhang Yong, a 50-year-old restaurateur who's worth $16.4 billion and chairs the popular Sichuan hot pot chain Haidilao, which has locations in China, the US, Japan, South Korea, and Singapore, according to Forbes' Real-Time Billionaires list. His wife, Shu Ping, the director of the company, is also on Singapore's billionaires list, with a net worth of $3.3 billion.
Here are Singapore's richest people, who are worth a combined $95.7 billion.T15. Zhao Tao
Visual China Group via Getty Images/Visual China Group via Getty Images
Net worth: $2.0 billion
Source of wealth: pharmaceuticals
T15. Sam Goi
Tee Yih Jia/Facebook
Net worth: $2.0 billion
Source of wealth: frozen foods
T15. Asok Kumar Hiranandani
Net worth: $2.0 billion
Source of wealth: real estate
See the rest of the story at Business InsiderSee Also:Meet Yusaku Maezawa, the Japanese billionaire giving away $9 million on Twitter and looking for a 'female partner' to fly to the moon with him and Elon MuskJeff Bezos is facing backlash for Amazon's donation of only $690,000 to Australian wildfire recovery. Here are 11 mind-blowing facts that show just how wealthy the CEO really is.Meet Julia Flesher Koch, the Iowa-born socialite who's now one of the world's richest women after inheriting a chunk of her late husband David Koch's $53 billion fortuneSEE ALSO: What it's like living as a billionaire in Singapore, the most expensive city in the world, where wealthy residents are worth a combined $1 trillion and limited land makes owning a house the ultimate 'status symbol'
DON'T MISS: Wealthy parents in Singapore are buying penthouses for their kids as taxes rise, and it mirrors a change in luxury real estate happening on the other side of the world
< Features, BI Select, Arts & Culture, Singapore, Billionaires, Facebook, Eduardo Saverin, >
- Business Insider 00:06January 14, 2020How to change your phone number on Facebook, or remove it entirelyReuters You can easily change a phone number in Facebook if your number connected to the platform has become outdated, or if you want to remove it entirely.
Providing a phone number is optional, but you can change stored phone numbers in Facebook at any time.
Facebook uses phone numbers as an extra layer of security in verifying identity, as a way to reset a password, and to connect users to people they may know.
Visit Business Insider's homepage for more stories. Facebook asks for a user's phone number for a variety of reasons.
A phone number can be used to reset a forgotten password; to suggest people you may know so that you can connect with them on Facebook; and to keep the Facebook account safe with two-factor authentication and text alerts for potentially unauthorized logins. See the rest of the story at Business InsiderNOW WATCH: Apple just revealed its AirPods Pro for $249, which feature noise cancellation. Here's everything that was wrong with the $159 pair of the wireless headphones.See Also:How to find your friends' birthdays on Facebook using your computer or mobile phoneHow to change the lock screen on your Mac computer to a custom image in 2 waysHow to request money on Facebook using the Facebook Messenger appSEE ALSO: The best Apple MacBook laptops
< Tech How To, Facebook, Phone Numbers, BI-freelancer, Newsroom Affiilate How To, product card, >
- Mashable 22:44January 13, 2020Mark Hamill deletes Facebook, criticizes its policyThe actor is protesting Mark Zuckerberg's policy allowing political ads that contain lies and propaganda to remain on the site. Read more...More about Tech, Facebook, Celebrities, Mashable Video, and Mark Hamill
< Tech, Facebook, Celebrities, Mashable Video, Mark Hamill >
- Business Insider 21:59January 13, 2020How to request money on Facebook using the Facebook Messenger appShutterstock You can request money on Facebook through the Facebook Messenger app.
To request money from someone on Facebook, you first have to start a conversation with the person using Facebook Messenger.
Visit Business Insider's homepage for more stories. Have you ever covered a friend's expenses like a good pal, but had trouble getting them to pay you back?
Fortunately, Facebook Messenger has a handy tool that lets you request money from your friend directly, so you don't have to beat around the bush anymore. See the rest of the story at Business InsiderNOW WATCH: People are still debating the pink or grey sneaker, 2 years after it went viral. Here's the real color explained.See Also:How to find your friends' birthdays on Facebook using your computer or mobile phoneHow to make a Skype call on your computer or mobile device, or start a group callHow to connect your Spotify account to Facebook using a computer or mobile deviceSEE ALSO: I tested the Samsung Galaxy S10 Plus for 2 months, and it made me question everything about my 'iPhone or nothing' mentality
< Tech How To, Facebook, Facebook Messenger, iPhone, Android, BI-freelancer, Newsroom Affiliate How To, product card, >
- Business Insider 21:50January 13, 2020How to find your friends' birthdays on Facebook using your computer or mobile phoneShutterstock You can find your friends' birthdays on Facebook in just a few steps, using either your computer or mobile phone.
In the Facebook app, however, you can only find an individual's birthday by going to their profile.
Visit Business Insider's homepage for more stories. If Facebook is good for anything, it's for keeping track of when your friends' birthdays are. However, finding those birthdays can be difficult.
You can easily find your friends' birthdays on Facebook by checking your calendar, or by going to each individual friend's profile.See the rest of the story at Business InsiderNOW WATCH: Watch Elon Musk unveil his latest plan for conquering MarsSee Also:How to link your Twitter account to Facebook to cross-post between the social media platformsHow to hide your birthday information on Facebook on a computer or mobile deviceApple Pay does work on an iPad — here's how to set up and use it for in-app purchases and quick online checkoutsSEE ALSO: The best all-in-one PCs you can buy
< Tech How To, Facebook, Mac, PC, iPhone, Android, BI-freelancer, Newsroom Affiliate How To, product card, >
- Business Insider 21:10January 13, 2020'Star Wars' star Mark Hamill just announced that he's deleting his Facebook account: 'I'll sleep better at night'Getty Mark Hamill announced he would delete his Facebook account in a tweet on Sunday.
The "Star Wars" star said he was protesting Facebook's decision to allow political ads that include false statements or misinformation.
Facebook CEO Mark Zuckerberg has defended the decision as an effort to protect free speech.
Now that he's deleting Facebook, Hamill wrote, "I'll sleep better at night."
Visit Business Insider's homepage for more stories. Mark Hamill is rebelling against Facebook's social media empire.
The "Star Wars" star said in a tweet on Sunday that he would delete his account on the social network to protest Facebook CEO Mark Zuckerberg's refusal to budge on Facebook's policy that allows political ads that make false statements.See the rest of the story at Business InsiderNOW WATCH: Inside the US government's top-secret bioweapons labSee Also:From Priscilla Chan to Melinda Gates, these are the spouses of some of the most powerful people in techCasper warns investors that its business would be hurt if any of its 'thousands' of Instagram influencers turned against itMark Zuckerberg has an unconventional hobby: hunting wild boars with a bow and arrowSEE ALSO: Mark Hamill mocks the fake news of his own death
< Tech, Facebook, Mark Zuckerberg, Ads, Mark Hamill, Disney, Star Wars, Entertainment, >