Tag: Shou Zi Chew

I’m sorry for everything, Meta CEO Mark Zuckerberg tells families of children harmed by social media
1Feb By adminNo Comments
Technology

I’m sorry for everything, Meta CEO Mark Zuckerberg tells families of children harmed by social media

[ad_1] On Wednesday, as many as 5 CEOs of the biggest social media and messaging companies attended the US Senate hearing on the impact of social media on children including X CEO Linda Yaccarino, Snapchat CEO Evan Spiegel, TikTok CEO Shou Zi Chew, Discord CEO Jason Citron, and Meta Platforms CEO Mark Zuckerberg. The hearing was conducted after lawmakers accused these companies of not protecting the children from the many dangers present on their social media platforms. During the hearing, a teary-eyed Zuckerberg made a direct public apology to the affected families present at the Senate hearing. Check what Meta CEO said in his apology. Meta CEO Mark Zuckerberg's apologyAccording to a DWnews video post on Instagram, Zuckerberg, while apologising to the family said, “I'm sorry for everyt...
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Discord, X, and Snap CEOs served subpoenas to testify on online child exploitation
21Nov By adminNo Comments
Technology

Discord, X, and Snap CEOs served subpoenas to testify on online child exploitation

[ad_1] The US Senate Judiciary Committee has issued subpoenas to the CEOs of Discord, Snap, and X, Jason Citron, Evan Spiegel, and Linda Yaccarino, respectively, to demand them to appear at a hearing fixed on December 6 on online child sexual exploitation. The institution has been investigating the child safety policies of social media platforms to find out how to improve the safeguards to protect them from harm in the digital space. Senate Judiciary Committee Chairman Dick Durbin, D-Ill., and South Carolina Senator Lindsey Graham, announced that the three subpoenaed companies refused to cooperate by accepting service of the subpoenas on behalf of their CEOs, "requiring the committee to enlist the assistance of the U.S. Marshals Service to personally serve the subpoenas”. The committee ...
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TikTok CEO says Content Moderation Vital, Elon Musk and Twitter heading down a risky path
16Nov By adminNo Comments
Technology

TikTok CEO says Content Moderation Vital, Elon Musk and Twitter heading down a risky path

[ad_1] The chief executive officer of hit video app TikTok suggested Elon Musk and Twitter Inc. are heading down a risky path. The chief executive officer of hit video app TikTok suggested Elon Musk and Twitter Inc. are heading down a risky path.Shou Zi Chew, whose company has come under fire from US officials, emphasized the importance of investing in sufficient staff to handle content moderation and security. He made the comments in response to questions about whether TikTok could operate effectively if it fired half its staff, the way Twitter has under Musk. “I hope that day never comes,” Chew said with a laugh at the Bloomberg New Economy Forum in Singapore on Wednesday. “The way we are organized is one where we don't need to lay off half the workforce to achieve the efficiency le...
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TikTok CEO Says ‘Project Texas’ to Allay US Security Concern
16Nov By adminNo Comments
Technology

TikTok CEO Says ‘Project Texas’ to Allay US Security Concern

[ad_1] Hit video app TikTok is investing heavily to address US concerns about its data security and anticipates being able to deliver a satisfactory solution with partner Oracle Corp. Hit video app TikTok is investing heavily to address US concerns about its data security and anticipates being able to deliver a satisfactory solution with partner Oracle Corp.TikTok Chief Executive Officer Shou Zi Chew said the company is working on an effort, called Project Texas, that will isolate sensitive data from its American users so that only staff in the US will have access. He called the effort “extremely difficult and expensive to build,” but aimed at the concerns of American officials.  “It's unprecedented. No company has attempted this,” Chew said at the Bloomberg New Economy Forum in Singa...
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Big Setback! TikTok Ad Sales Target Slashed By $2 Billion After Tech Downturn
9Nov By adminNo Comments
Technology

Big Setback! TikTok Ad Sales Target Slashed By $2 Billion After Tech Downturn

[ad_1] TikTok has slashed about $2 bn off its target for 2022 ad revenue, underscoring the fallout of a global downturn. ByteDance Ltd.'s TikTok has slashed about $2 billion off its target for 2022 ad revenue, underscoring the fallout of a global downturn that's hammered fellow internet giants from Google to Meta Platforms Inc.TikTok Chief Executive Officer Shou Zi Chew told a handful of employees during a recent meeting that the Chinese-owned app has slashed its ad forecast for 2022 to $10 billion from at least $12 billion previously, according to a person briefed on the matter. The revision didn't include smaller business segments such as e-commerce, the person added, asking to not be identified discussing private information. The downsized ambition reflects a pullback in marketing...
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