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#SocialStocks: F8 Conference Announced, BI Says Tik Tok Outperforms Instagram

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Facebook announced the dates for its next F8 conference and Business Insider says Tik Tok is outperforming Instagram

Welcome to “#SocialStocks,” The Fly’s weekly recap of Wall Street’s reactions to social media stock news.


On November 19, Facebook (FB) announced that its 2020 F8 annual developer conference will take place on May 5-6 at the McEnery Convention Center in San Jose, California.


On November 19, a Business Insider story written by Isobel Asher Hamilton explained that short-form video app TikTok has been downloaded 1.5B times to date, as it encroaches on the dominance of WhatsApp and Messenger, as the number one and two downloaded apps. TikTok, which was launched in 2017 by Chinese developer ByteDance, for markets outside of China, is now the third most-downloaded app outside of gaming this year. Four and five are the Facebook app and Instagram. “Much of TikTok’s growth has been driven by an explosion of users in India, who accounted for 31% of the app’s downloads. Its second-biggest market was China which made up 11.5% of downloads, then the U.S. with 8.2%,” added the BI story.


On November 11, Twitter (TWTR) drafted a set of proposed policies on what it would do when it sees synthetic and manipulated media that purposely tried to mislead or confuse people. These are sometimes referred to as deepfakes or shallowfakes. The company said it may: place a notice next to Tweets that share synthetic or manipulated media; warn people before they share or like Tweets with synthetic or manipulated media; or add a link – for example, to a news article or Twitter Moment – so that people can read more about why various sources believe the media is synthetic or manipulated. In addition, if a Tweet including synthetic or manipulated media is misleading and could threaten someone’s physical safety or lead to other serious harm, the company said it may remove it. In addition, Twitter is asking users to help it make its final decision on how to moderate deepfakes with a brief survey. “We’ve called for public feedback previously because we want to ensure that – as an open service – our rules reflect the voice of the people who use Twitter,” said Del Harvey, VP of Trust and Safety at Twitter. “We think it’s critical to consider global perspectives, as well as make our content moderation decisions easier to understand.”


On November 18, Eros Now, a South Asian OTT entertainment platform with more than 177M registered users owned by Eros International (EROS), announced a collaboration with YouTube (GOOG, GOOGL) Music in India. As part of the collaboration, a special Eros Now subscription package priced at 99 Indian Rupees for 90 days will be made available to all new subscribers of YouTube Music premium and Google Play Music in India. At the end of the three month introductory offer, the customer will be charged separately as per prevailing plans for Eros Now and INR 99 per month for YouTube Music Premium. With Eros Now’s content library of 12,000+ movies, TV shows and short-format content, users will also get access to YouTube Music’s catalog including tracks in English, Hindi and nine other Indian languages.

Originally Posted on November 20, 2019 – SocialStocks: F8 Conference Announced, BI Says Tik Tok Outperforms Instagram

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