Social Media News - 7.5
This week we’ve seen Facebook lose $60 billion in market value due to advertisers like Starbucks and Pepsi halting social media advertising. India banned TIkTok and dozens of other Chinese apps, with speculation TikTok could see $6 billion in losses. We saw major YouTubers like Jenna Marbles and Shane Dawson acknowledge past questionable content with different approaches, resulting in all Shane Dawson channels being completely demonetized. YouTube also issued bans for hate speech on Stefan Molyneux, David Duke, Richard Spencer, and more. Reddit also implemented bans on over 2000 sub-reddits for hate speech, including r/The_Donald and r/ChapoTrapHouse. As for Instagram, they appear to be testing a “see all stories” feature! Be sure to follow r/SocialMediaNews to stay up-to-date!
Instagram’s latest test puts all Stories on one page - TechCrunch
FACEBOOK
Facebook’s TikTok clone Lasso will shut down this month - The Verge
Facebook sees $60 billion in market value erased as advertisers like Starbucks and PepsiCo halt social-media spending - Business Insider
TWITTER
Twitter’s voice tweets upset users again over accessibility, don't permit captioning - Wall Street Journal
TIKTOK
India bans TikTok, dozens of other Chinese apps - TechCrunch
TikTok may lose up to $6 billion as result of India ban - Forbes
YOUTUBE
YouTube bans Stefan Molyneux, David Duke, Richard Spencer, and more for hate speech - The Verge
YouTube suspends ads on Shane Dawson’s channels after his apology for racist videos - Variety
REDDIT
Reddit bans r/The_Donald, r/ChapoTrapHouse, and 2000 more as part of a major expansion of its rules - The Verge
This weeks top 10 from r/SocialMediaNews
