CNBC’s Jim Cramer and the “Squawk on the Street” crew discuss the implications for President Trump’s draft executive order meant to increase regulation on social media companies.
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CNBC’s Julia Boorstin on Snap’s slide after it announced it would stop promoting President Trump’s account. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso.
Snap announced Wednesday it will no longer promote President Trump’s content within Snapchat’s Discover feature.
Snap shares were down more than 2% after the announcement.
“We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover,” the company said in a statement.
“Racial violence and injustice have no place in our society and we stand together with all who seek peace, love, equality, and justice in America.”
Snap’s decision comes a week after Trump took to Twitter and Facebook to address riots in the aftermath of the death of George Floyd, saying that “when the looting starts, the shooting starts.”
“We simply cannot promote accounts in America that are linked to people who incite racial violence, whether they do so on or off our platform,” CEO Evan Spiegel said in a memo.
Trump’s exclusion from Discover, however, does not entirely remove him from Snapchat. The president’s account remains live and public, meaning users who want to follow Trump can still do so and will still see his posts.
Snap’s decision to remove Trump from Discover follows Twitter, which last week began to moderate the president by fact-checking his tweets. Twitter also flagged Trump’s tweet about looting leading to shooting, saying it breached Twitter’s policies on “glorifying violence.” In contrast, Facebook has not done anything to moderate Trump.
Trump has denied that he was intending to incite violence.
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President Trump will sign an executive order on Thursday, cracking down on social media platforms Facebook and Twitter. FCC Commissioner Brendan Carr joins Yahoo Finance’s On The Move to discuss.
#PresidentTrump #socialmedia #TrumpTwitter
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President Trump signs an executive order to address his concerns about social media.
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{HINDI} How to get email address for email marketing || How to get email address from facebook india
By Beck | Subscribe: http://bit.ly/sub2storybooth | Comment, like, share this story.
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One day, Beck received a message from her friend about someone she should add on social media. Beck didn’t know the person, but her friend told her that if she connected with him, he would give her free money online. Beck decided to go for it – the idea of free money got her really excited.
When she added the man, he started messaging her and offering her money right away. He promised to treat her right, but then he started asking her weird questions. He asked her for her shoe size, height, age – lots of personal details about Beck. Beck responded, but she gave him fake information. Then, the man asked Beck for inappropriate pictures she wasn’t comfortable with.
When she denied his request, he responded by saying that he would still give her the money if she sent his profile to 5 of her friends that were girls – they HAD to be girls. The promise of free money was too hard for her to pass up, so she sent his information to some friends. Some of her friends thought it was sketchy and didn’t add him, but some of them did.
When it was time for Beck to get the money he promised her, he asked her for her address. Then, at that moment, Beck made a big mistake – she sent him her REAL address. Beck’s friends freaked out and started telling him that her address was fake, which made him extremely angry. He started sending Beck scary, threatening messages. At that point, Beck realized she made a huge mistake.
Beck decided to show her school officer the messages and screen shots, and Beck’s school decided to call the police. Beck was even more upset when the police told her that the man she was talking to was likely a criminal, and the whole situation was really scary for her. She regretted giving out any personal information, and the entire experience taught her what it means to stay safe online.
When she looks back now, she can say to herself, “A stranger offered me money on social media – and it taught me an important lesson.”
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