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The Consequences for Tech Whistleblowers: ‘People Come After You’

28Jul

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Technology

The Consequences for Tech Whistleblowers: ‘People Come After You’

[ad_1] Ifeoma Ozoma was ousted from her role at Pinterest Inc. due to what she said was retaliation for speaking out about pay equity disparities. The experience didn't just cost her a job. She ended up leaving Silicon Valley entirely.For the latest episode of The Circuit With Emily Chang, I interviewed Ozoma on her farm in Santa Fe, New Mexico. Joining us there was Timnit Gebru, a former Google employee who left in 2020 after co-authoring a paper about the dangers of generative artificial intelligence, and Safiya Noble, author of Algorithms of Oppression. The loss of employment wasn't the end for Gebru and Ozoma, they said. “You have stalkers,” Gebru said. “People come after you.” For Ozoma, the abuse started before she even left Pinterest. Ozoma, who is Black, said she advocated again...

Meta’s Threads to Raise Stakes for Snap, Pinterest

13Jul

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Technology

Meta’s Threads to Raise Stakes for Snap, Pinterest

[ad_1] The arrival of Meta Platforms Inc.'s Twitter challenger further complicates the investment case for social media firms Snap Inc. and Pinterest Inc., whose share price recoveries lag their larger rival.Facebook parent Meta is by far the dominant player in the sector, and that is extending to its stock this year. Shares have outperformed by leaps and bounds, with the rapid user growth of Threads the latest demonstration of a reach and scale that has made it a favorite among investors and analysts. “It's hard to make a case for owning Snap or Pinterest over Meta, since there's no arguing that Meta is the strongest in the sector and the one that's mostly likely to get stronger,” said Jay Woods, chief global strategist at Freedom Capital Markets. While Threads is more of a direct comp...

Google is rolling out ‘blue ticks’ for Gmail! Will you get it?

4May

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Technology

Google is rolling out ‘blue ticks’ for Gmail! Will you get it?

[ad_1] Google has started rolling out verified checkmarks to Gmail users! The purpose of these blue checkmarks is to confirm the identity of select senders by displaying the checkmarks next to their names. This new feature will be available to companies that have adopted Gmail's existing Brand Indicators for Message Identification (BIMI) feature.The BIMI feature for Gmail was initially launched in 2021 after undergoing testing in the previous year. It functions as an additional security measure, and senders are required to utilize robust authentication as well as authenticate their brand logos to have them displayed as an "avatar" in emails. Additionally, BIMI assists email security systems in distinguishing between spoofed or phishing emails and genuine ones. Furthermore, strong email ...

What is Lemon8 and what are its links with under-Fire TikTok

1Apr

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Technology

What is Lemon8 and what are its links with under-Fire TikTok

[ad_1] While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here's what you need to know about it:What is Lemon8?Marketing itself as a “content sharing platform with a youthful community,” the app lets users make longer blog-like posts about topics such as fashion, fitness, travel and cooking, accompanied by relevant pictures and videos. Users can also access a customized feed of posts based on what they like and other creators they follow. Unlike TikTok, which features a rolling scroll of short videos, the app is more akin to a mishmash of Instagram and Pinterest. Its downloads have surged in the US, w...

Pinterest Cuts About 150 Jobs, Joining Flurry of Tech Layoffs

2Feb

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Technology

Pinterest Cuts About 150 Jobs, Joining Flurry of Tech Layoffs

[ad_1] Pinterest Inc. is laying off about 150 employees, the latest technology company to cut costs in a turbulent time for an industry that expanded rapidly over the past few years. The digital-search company that lets users create online pinboards informed impacted employees Wednesday. The move affected less than 5% of Pinterest's total workers, according to a person familiar with the company, who asked not to be identified because the details haven't been announced. Pinterest had about 4,000 employees as of the end of the third quarter. The job cuts came from teams across the San Francisco-based company, though not all were affected to the same degree, the person said. A spokeswoman for Pinterest confirmed there were cuts. “We're making organizational changes to further set u...

Pinterest Surges on Revenue Beat as Social Peers Struggle

28Oct

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Technology

Pinterest Surges on Revenue Beat as Social Peers Struggle

[ad_1] Pinterest surged after reporting third-quarter revenue that beat analysts’ estimates, standing out from its social media peers in a difficult market. Pinterest Inc. surged after reporting third-quarter revenue that beat analysts' estimates, standing out from its social media peers in a difficult market. Third-quarter sales grew 8% to $684.55 million, the company said, topping the average analyst estimate for $666.85 million. Monthly active users also grew slightly to 445 million, from 444 million in the year-ago period, after three straight quarters of declines. The stock gained about 8% in premarket trading on Friday before exchanges opened in New York. Pinterest's shares had fallen 40% this year through Thursday's close. Pinterest stands out “amidst the wreckage that h...

Snap sets off alarm bells in ad-reliant social media sector

22Oct

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Technology

Snap sets off alarm bells in ad-reliant social media sector

[ad_1] Snap Inc shares sank more than 30% on Friday and hit their lowest since the pandemic. Snap Inc shares sank more than 30% on Friday and hit their lowest since the pandemic, after the company's forecast of zero revenue growth pointed to more pain ahead for a social media sector heavily dependant on digital advertising. Facebook-parent Meta Platform Inc and Pinterest Inc fell between 2% and 7%. Twitter Inc slid 3%, also dragged by fears of security reviews of billionaire Elon Musk's takeover bid. Analysts rushed to cut their price target on Snap, with Morgan Stanley taking it to a Wall Street low of $7. In early trading the stock hit its lowest since early 2019. The digital ad space has suffered as brands have cut marketing and ad budgets in response to declining consumer d...

Pinterest Leaves Peers in the Dust With 34% Rally

13Oct

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Technology

Pinterest Leaves Peers in the Dust With 34% Rally

[ad_1] Pinterest Inc. is slowly digging itself out of the hole that social media stocks find themselves in. Pinterest Inc. is slowly digging itself out of the hole that social media stocks find themselves in, leaving the owners of Facebook and Snapchat behind thanks to its greater reliance on search-driven advertising. Shares in the digital pin-board platform have risen 34% from a two-year low in mid-June, as analysts note improving growth in the number of users on the site, as well as how much they're interacting with content there. In the same period, Facebook parent Meta Platforms Inc. has tumbled 22% and Snap Inc. slipped 12%. Facebook and Snapchat rely more on targeting ads to users based on their activity on the site, a model that has become less effective following changes...