Social Media News - 7.26.20
This week an Instagram bug was exposed that allowed constant access to the iOS cameras, which IG has promised to fix. IG is also testing the ability to allow users to run personal fundraisers. MarketPlace also ran a great piece exposing influencer inequality between black and white influencers.
Facebook denied claims of a deal between Trump and Zuckerberg for preferential treatment on the platform. Former Reddit CEO Ellen Pao shared her thoughts on why Facebook can’t beat hate.
Twitter continued dealing with fallout regarding the hack that exposed 36 high-profile verified accounts, admitting their DMs had been accessed. Twitter also saw an ad revenue drop, as they continue teasing a subscription service.
TikTok continues battling headlines of being banned in the U.S., though they’ve announced their intention to hire 10K U.S. staff despite being at risk.
Snapchat reported their Q2 data, users climbed 17% though their stock dropped as investors hoped for a bigger lift.
Pew Research Center released a study showing most Americans say social media companies have too much power and influence in politics.
Lastly, an antitrust hearing with CEOs of Facebook, Amazon, Google, and Apple has been rescheduled to Wednesday.
Be sure to follow r/SocialMediaNews to stay up-to-date on all things social media!
TOP STORIES THIS WEEK…
Instagram promises to fix bug after being exposed by always accessing the camera on iOS 14 - 9to5mac
An Instagram account is exposing influencer inequality - Black influencers tend to be paid less than white influencers, and it has nothing to do with follower counts - MarketPlace
Instagram tests letting people run their own personal fundraisers - The Verge
Mark Zuckerberg says there’s ‘no deal of any kind’ between Facebook and Trump in response to speculation that Trump is granted free rein on the platform in exchange for looser regulation - Business Insider
‘They don’t think it’s important’: Ellen Pao on why Facebook can’t beat hate - The Guardian
Facebook is simulating users’ bad behavior using AI - The Verge
Twitter deletes Donald Trump video with Linkin Park song over copyright violation - Variety
Twitter says hackers accessed direct messages of 36 victims, including one elected official - CNBC
After ad revenue drop, Twitter tells investors it’s eyeing subscription options - TechCrunch
TIKTOK
TikTok wants to hire 10,000 staff in the U.S. even though it's at risk of being banned, federal employees banned from downloading app - Forbes
The Trump campaign running several anti-TikTok ads on Facebook accusing the Chinese app of 'spying on you' - TechCrunch
TikTok will block QAnon hashtags but not remove related videos - The Verge
SNAPCHAT
Snapchat users climb 17% in Q2, Snap stock falls as investors hoped for bigger lift - Variety
LinkedIn to cut 960 jobs worldwide as recruitment falls - BBC
OTHER
Amazon, Apple, Facebook and Google CEO antitrust hearing rescheduled to Wednesday - CNBC
Most Americans say social media companies have too much power, influence in politics - Pew Research Center