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Category Archives: Social Media

TikTokers Are Trading Stocks By Copying What Members Of Congress Do

NPR: “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips. Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi’s stock trading disclosures are a treasure trove. “Shouts out to Nancy Pelosi, the stock market’s biggest whale,” said user ‘ceowatchlist.’ Another said, “I’ve come to the conclusion that Nancy Pelosi is a psychic,” while adding that she is the “queen of investing.” “She knew,” declared Chris Josephs, analyzing a particular trade in Pelosi’s financial disclosures. “And you would have known if you had followed her portfolio.” Last year, Josephs noticed that the trades, actually made by Pelosi’s investor husband and merely disclosed by the speaker, were performing well. Josephs is the co-founder of a company called Iris, which shows other people’s stock trades. In the past year and a half, he has been taking advantage of a law called the Stock Act, which requires lawmakers to disclose stock trades and those of their spouses within 45 days. Now on Josephs’ social investing platform, you can get a push notification every time Pelosi’s stock trading disclosures are released. He is personally investing when he sees which stocks are picked: “I’m at the point where if you can’t beat them, join them,” Josephs told NPR, adding that if he sees trades on her disclosures, “I typically do buy… the next one she does, I’m going to buy.”…”

Facebook Rolls Out News Feed Change That Blocks Watchdogs from Gathering Data

The Markup, Gabriel Hongsdusit: ” The tweak, which targets the code in accessibility features for visually impaired users, drew ire from researchers and those who monitor the platform By Corin Faife Facebook has begun rolling out an update that is interfering with watchdogs monitoring the platform. The Markup has found evidence that Facebook is adding changes… Continue Reading

5 Dangers of Social Media

Entrepreneur – “Social media can provide incredible opportunities, but it can be dangerous if abused. Social media can be an extremely valuable platform for a wide variety of uses, but it can also be very dangerous if used incorrectly. I know this first-hand as someone who’s been deeply involved in the social media industry for many… Continue Reading

How to create a business page on Facebook

Mashable: “Facebook is infamous for the numerous ways in which folks use — and misuse — the platform, from your uncle sharing conspiracy theories to your roommate selling your couch on Marketplace. There’s one tool Facebook offers that is almost unilaterally helpful to users, though, and that’s the option for business owners to create a… Continue Reading

Report – How Social Media Intensifies U.S. Political Polarization

NYU Stern Center for Business and Human Rights: September 2021 Report Release, Fueling the Fire: How Social Media Intensifies U.S. Political Polarization — And What Can Be Done About It, Paul M. Barrett, Justin Hendrix, J. Grant Sims. “This report analyzes the evidence bearing on social media’s role in polar-ization, assesses the effects of severe… Continue Reading

How Twitter’s communities could bring context back

The Verge: “…Starting Wednesday, Twitter users can be invited to an initial batch of Communities that include #AstroTwitter, #DogTwitter, #SkincareTwitter, and #SoleFood (a group for sneaker enthusiasts). Once people join a Community, they can tweet directly to other members rather than to just their followers. Only members of a Community can like or reply to… Continue Reading

LAPD officers told to collect social media data on every civilian they stop

The Guardian: “The Los Angeles police department (LAPD) has directed its officers to collect the social media information of every civilian they interview, including individuals who are not arrested or accused of a crime, according to records shared with the Guardian. Copies of the “field interview cards” that police complete when they question civilians reveal… Continue Reading

Study – Misinformation on Facebook got six times more clicks than factual news during the 2020 election

Washington Post: “A new study of user behavior on Facebook around the 2020 election is likely to bolster critics’ long-standing arguments that the company’s algorithms fuel the spread of misinformation over more trustworthy sources. The forthcoming peer-reviewed study by researchers at New York University and the Université Grenoble Alpes in France has found that from… Continue Reading

How to block Facebook from snooping on you

Washington Post: “Seven steps you can take to keep Facebook and Instagram from gathering so much of your personal information outside of their apps. If you ever get that eerie feeling Facebook or Instagram are listening to you, you’re not entirely hallucinating. Facebook says it’s not literally activating the microphones on our smartphones, but it… Continue Reading