This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

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

The Fly

Contributor:
The Fly
Visit: The Fly

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.

F8 CONFERENCE ANNOUNCED: 

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.

BI SAYS TIK TOK OUTPERFORMS INSTAGRAM: 

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.

TWITTER PROPOSES POLICIES ON DEEPFAKES, SHALLOWFAKES: 

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.”

EROS NOW ENTERS COLLABORATION WITH YOUTUBE: 

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

Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from The Fly and is being posted with permission from The Fly. The views expressed in this material are solely those of the author and/or The Fly and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

trading top