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'The first Twitter-fuelled bank run': how social media compounded SVB's collapse | Sili... - 0 views

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    "The collapse of SVB was the second-largest bank failure in the history of the United States. The largest, Washington Mutual in 2008, took place over the course of eight months. SVB's collapse played out in barely two days. Anxious Twitter posts and WhatsApp exchanges, coupled with the ease of access that online banking provides, are seen by analysts as a serious catalyst for the current crisis. Experts suggest that in the social media age, the psychological behaviour behind a bank run - mass fear from depositors of losing their savings - may be amplified and go viral quicker than bank officers and regulators can successfully respond."
dr tech

Influencer Parents and Their Children Are Rethinking Growing Up On Social Media | Teen ... - 0 views

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    "Caroline, the 28-year-old behind a popular TikTok account where she posts satirical skits, found herself dropping the comedic tone when the child of a family vlogger sent her a letter and asked Caroline to share it with her 2.3 million followers. "To any parents that are considering starting a family vlog or monetizing your children's lives on the public internet, here is my advice: you shouldn't do it," the letter read. "Any money you get will be greatly overshadowed by years of suffering… your child will never be normal… I never consented to being online.""
dr tech

TikTok unveils European data security plan amid calls for US ban | TikTok | The Guardian - 0 views

    • dr tech
       
      To what extent will a policy ensure the security of data for social media, in a globalised economy?
  • “The Chinese government have never asked us for data,
  • TikTok’s data controls and transfer of data outside of the continent will be monitored by a third-party European cybersecurity firm,
  • ...1 more annotation...
  • Oracle will also monitor TikTok’s algorithms and source code
dr tech

The 'Enshittification' of TikTok | WIRED - 0 views

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    "For many years, even TikTok's critics grudgingly admitted that no matter how surveillant and creepy it was, it was really good at guessing what you wanted to see. But TikTok couldn't resist the temptation to show you the things it wants you to see rather than what you want to see. The enshittification has begun, and now it is unlikely to stop."
dr tech

Twitter changed science - what happens now it's in turmoil? - 0 views

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    "But for many scientists, Twitter has become an essential tool for collaboration and discovery - a source of real-time conversations around research papers, conference talks and wider topics in academia. Papers now zip around scientific communities faster thanks to Twitter, says Johann Unger, a linguist at Lancaster University, UK, who notes that extra information is also shared in direct private messages through the site. And its limit on tweet length - currently 280 characters - has pushed academics into keeping their commentary pithy, he adds."
dr tech

UK children bombarded by gambling ads and images online, charity warns | Gambling | The... - 0 views

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    "Children are "saturated" with betting promotions and gambling-like content while using the internet, despite restrictions on ad campaigns targeting young people, new research reveals. GambleAware, the charity funded by donations from gambling firms, commissioned research that found the risks of online gambling were not understood by children because of the "blurred line" between betting ads and popular online casino-style games. It warns gambling ads with cartoon graphics are likely to be strongly appealing to children. Last week, one gambling firm was promoting a new online slots game on social media with three cartoon frogs, urging people to "take a dip" with the "ribbiting rascals"."
dr tech

(178) This news reporter is AI-generated. Should we be worried? - YouTube - 0 views

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    "A 24-hour news channel startup based in southern California comes with a twist: all of the reporters and production are AI-generated. CBC's Jean-François Bélanger explores what Channel 1 is promising and why some are concerned about what it could mean for the news industry."
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