All posts tagged: Social media

Airchat Is Silicon Valley’s Latest Obsession

Airchat Is Silicon Valley’s Latest Obsession

Ravikant said most of the funding for Airchat has come from his own fund, as well as from Jeff Fagnan, a founding partner at Accomplice Ventures. “[OpenAI CEO] Sam Altman threw in a check, kind of blindly,” Ravikant said. He communicated all of this to me in a public response on Airchat, after politely declining to respond to my DMs and insisting our conversation should happen in public. “It can’t be a side-channel, DM-based interview. That’s the old world that we are leaving behind,” he told me. (In the old world, as in the new world, conducting an interview synchronously is almost always … preferable.) So far the Airchat feed appears to be filled with tech enthusiasts, early adopters, venture capitalists, and journalists. There’s lots of Bitcoin posting. Winefluencer Gary Vaynerchuk is on the app. So is Y Combinator CEO Garry Tan. This weekend Tan posted, “Breakfast is the first step to greatness. What are you eating this morning?” So far it has more than 96 audio responses. Social media is back, baby. Airchat has …

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social

Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social

Trump Media & Technology Group, the Truth Social parent company majority-owned by former president Donald Trump, filed a document with the Securities and Exchange Commission this morning that helpfully details all of the ways Trump himself poses a threat to the company and its shareholders. While the company generated just over $4 million in revenue in 2023, Trump Media’s valuation has fluctuated wildly since going public in March, at one point reaching more than $7 billion. As of this morning, the company was valued at $3.7 billion. Trump Media has become a meme stock, where the stock price is governed more by vibes than traditional financial performance. The SEC document filed by Trump Media this morning, which announced the public stock offering of 21.5 million shares, also detailed the company’s “risk factors.” These statements are standard for publicly traded companies, and usually include anything from macroeconomic headwinds to worst-case scenarios like earthquakes or terrorist attacks. The filing does include several risk factors that aren’t directly related to Trump, including competition from other social media companies, …

Triangle of Sadness Director Proposes Requiring Licenses to Use Cameras

Triangle of Sadness Director Proposes Requiring Licenses to Use Cameras

Triangle of Sadness director Ruben Östlund understands the power of cinema and its impact on society, which is why he’s proposing a radical idea to regulate the use of cameras. The Oscar-nominated filmmaker recently expressed in an interview with The Guardian the importance of consuming high-quality media, especially since people’s relationship with screens — big or small — has become much more prominent today. “I have an idea,” Östlund said. “What if you were only allowed to use a camera if you have a license? You need one for a gun — at least in sophisticated countries. The camera is also a powerful tool.” The Square director also advised other filmmakers to treat media with a level of caution and understand the responsibility they hold as films can potentially influence society in ways they weren’t intended to. “Movies are changing the world and it’s important to take that into consideration when you’re in this profession,” Östlund explained. “In the entertainment industry there is the strange sense that if you’re dealing with fiction then it’s not going to …

Trump Media (DJT) shares end week down nearly 20%

Trump Media (DJT) shares end week down nearly 20%

Jonathan Raa | Nurphoto | Getty Images The price of Trump Media shares closed trading Friday down nearly 20% for the week. DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a slight gain by the end of the day. Shares closed up 18 cents at $32.59, an increase of around .5%. But that closing price still was more than $38 lower than what Trump Media shares first sold for when the social media company began public trading on March 26. Shares of the company, which owns the Truth Social app, have dropped by 47.4% so far in April wiping out billions of dollars in the company’s market capitalization. Former President Donald Trump is the biggest shareholder in the company, owning nearly 60% of its stock. On Monday, Trump is set to start jury selection for his criminal trial in Manhattan Supreme Court on charges of falsifying business records related to a 2016 hush money payment to porn star Stormy Daniels. Trump Media on March 26 opened …

A TikTok Whistleblower Got DC’s Attention. Do His Claims Add Up?

A TikTok Whistleblower Got DC’s Attention. Do His Claims Add Up?

Despite not holding a senior position, Goziker claims that his main job at TikTok was “overseeing” Project Texas to ensure the social media app’s plan to secure US user data would be effective. The goal was to implement a set of safeguards that would satisfy the ​​Committee on Foreign Investment in the United States, an interagency body charged with evaluating national security risks associated with foreign firms acquiring or taking major stakes in US companies. CFIUS has the power to force companies to unwind deals it considers risky, and since 2019 has been investigating ByteDance’s 2017 purchase of a lip-syncing app called Musical.ly, which was later merged into TikTok. Goziker claims that he interviewed more than three dozen people at TikTok and ByteDance about Project Texas, according to court filings. He says that he identified flaws in the initiative that led him to refuse to “sign off” on it, despite alleged pressure from his manager and other executives at the company. Goziker tried to flag his concerns to TikTok’s top leadership, including the CEO and …

Trump Media stock is ‘a scam’ Barry Diller says

Trump Media stock is ‘a scam’ Barry Diller says

Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. “I mean, it’s ridiculous,” Diller said on CNBC’s “Squawk Box” when asked about Trump Media. “The company has no revenue.” “It’s a scam, just like everything he’s ever been involved in is some sort of con,” he said of Trump. A Trump Media spokeswoman, in response to Diller’s comments, said, “It is unsurprising to see die-hard Trump haters and leftwing flacks blow a gasket now that Truth Social has become a public company that, still today, refuses to suppress political expression that contradicts the narratives they want to enforce.”  CNBC has requested comment from a spokesman for Trump, who is the presumptive Republican presidential nominee. When Trump Media began trading last week with the ticker DJT, its share price rocketed up about 50% to close to $80 before settling down. As of Thursday morning, Trump Media shares …

How Social Media Turned Into a Shopping Mall

How Social Media Turned Into a Shopping Mall

Michael Calore: I’m going to go watch a bunch of shorts and see what I get served and I’ll report back. Lauren Goode: Hims and Hers? Michael Calore: Yeah, Hims and Hers. Lauren Goode: All right, let’s take another quick break and then we’re going to come back with our recommendations. [Break] Lauren Goode: Amanda, what’s your rec? Amanda Hoover: So another product I first saw on TikTok Shop, while we’re on themes, all got me thinking. It’s like this cap that you pull down over your face. You keep it in the freezer. So it’s advertised as being for hangovers. It’s also great for headaches, and it just immediately cools down your head, helps with any pressure, tension, whatever. And it’s called—HungovrAF is one of the main brands of it, but I think there are a couple of others, but that was the one that I first saw. Lauren Goode: What a great brand name. Michael Calore: So do you keep it in the freezer? Amanda Hoover: Yeah. You got to keep it in …

The Influencers with as Much Presidential Access as the Press

The Influencers with as Much Presidential Access as the Press

“The right has long had its own ecosystem, even before the internet,” Katie Harbath, former public policy director at Facebook, told me on Wednesday. “The left continues to try to think about what that looks like for them, especially with all the questions around the president’s age, they’re trying to figure out the right way of doing that.” Still, using creators as venues for political communication online has its risks. Last month, I rushed to Google after seeing several creators, at least one who was briefed by the White House the week prior, and a Gen Z voting nonprofit publish “breaking” news that Biden had negotiated a ceasefire and for hostages to be released in the Israel-Hamas conflict. But there was nothing being reported from The New York Times or the Associated Press. In fact, it appeared to be a misreading of a story in the Jerusalem Post, and it went viral before the creators deleted their Tweets. And while there are many nonpartisan news creators across TikTok and Instagram, there are many who are …

How Scotland’s controversial hate crime law triggered JK Rowling, Joe Rogan and Elon Musk – POLITICO

How Scotland’s controversial hate crime law triggered JK Rowling, Joe Rogan and Elon Musk – POLITICO

“You see that wild shit in Scotland where they’re targeting comedians with hate crime laws?” Joe Rogan, the world’s most popular podcaster, asked his guests in a recent episode, as he seized on claims — swiftly denied by Police Scotland — that officers would be monitoring for hate speech “through public performance of a play.” Musk approvingly shared a post from Malaysian right-wing influencer Ian Miles Cheong who claimed the law would see people who “show someone a spicy meme” on transgender people or “mass migration” locked up. Closer to home, the footballer-turned pundit Ally McCoist railed against the legislation too —arguing he and 48,000 other fans would likely be breaching the law while watching his beloved Rangers take on arch-rivals Celtic this Sunday. Scottish football — and the rivalry between Celtic and Rangers in particular — has long been plagued by sectarian hatred, which the Scottish government has tried to combat with previous legislation. U.K. Conservative Prime Minister Rishi Sunak rowed in behind Rowling this week, talking up Britain’s “proud tradition of free speech.” …