Social Media

Social media are interactive computer-mediated technologies that facilitate the creation and sharing of information, ideas, career interests and other forms of expression via virtual communities and networks.

Meta Axes Staff for Abusing Food Perks Amid Wider Layoffs
Meta Axes Staff for Abusing Food Perks Amid Wider Layoffs
October 17, 2024  |  Meta

Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT),...

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79% of Millennials and Gen Z Turn to Social Media for Financial Advice
79% of Millennials and Gen Z Turn to Social Media for Financial Advice
October 14, 2024  |  Consumer Finance

Social media algorithms have emerged as influential players in the realm of advice, effectively acting as pseudo-advisers for generations eager for financial literacy. A PYMNTS...

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Meta Expanding AI Chatbot to Brazil and UK
Meta Expanding AI Chatbot to Brazil and UK
October 09, 2024  |  artificial intelligence

Meta is bringing its AI chatbot to Brazil, the U.K. and four other new countries. Aside from Bolivia, Guatemala, Paraguay and the Philippines, the social media...

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TikTok Shop Turns to Storfund to Improve Seller Cash Flow
TikTok Shop Turns to Storfund to Improve Seller Cash Flow
October 07, 2024  |  eCommerce

TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a...

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EU Court Rules Meta Violated GDPR With Personal Data Use for Advertising
EU Court Rules Meta Violated GDPR With Personal Data Use for Advertising
October 04, 2024  |  Legal

The Court of Justice of the European Union (CJEU) ruled Friday (Oct. 4) that Meta Platforms can use only some of the data it gathers from...

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UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
October 03, 2024  |  Security & Fraud

U.K. FinTech Revolut has reportedly criticized Meta’s approach to combating financial fraud. As CNBC reported Thursday (Oct. 3), Revolut argues that the Facebook owner should be the one to provide compensation...

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Newsom Vetoes California Privacy Bill That Upped Consumer Data Control
Newsom Vetoes California Privacy Bill That Upped Consumer Data Control
September 24, 2024  |  Regulation

In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing...

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TikTok Pulling Plug on Streaming Music Service
TikTok Pulling Plug on Streaming Music Service
September 24, 2024  |  Social Commerce

TikTok says its streaming music service won’t be around for much longer. “We are sorry to inform you that TikTok Music will be closing on...

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LTK Offers Creators a ‘Co-Pilot’ to Reduce Workloads
LTK Offers Creators a ‘Co-Pilot’ to Reduce Workloads
September 16, 2024  |  Social Commerce

Creator commerce platform LTK has introduced a suite of business management tools. LTK Co-Pilot, announced Monday (Sept. 16), is designed to allow creators to spend less time on content...

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