Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside

Instagram boss says he’ll prevent bullying even if it means less…Adam Mosseri, the head of Instagram, said the company is willing to “make decisions that mean people use Instagram less if it keeps people more safe.” Technologyread more


Instagram boss says he’ll prevent bullying even if it means less…Adam Mosseri, the head of Instagram, said the company is willing to “make decisions that mean people use Instagram less if it keeps people more safe.” Technologyread more
Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, sees, instagram, lessadam, best, buy, undervalued, upside, 11, prevent, mosseri, hell, mean, keeps, safetechnologyread, means, largecap, retailer, willing, guggenheim


Guggenheim says Best Buy is the most undervalued large-cap retailer, sees an 11% upside

Instagram boss says he’ll prevent bullying even if it means less…

Adam Mosseri, the head of Instagram, said the company is willing to “make decisions that mean people use Instagram less if it keeps people more safe.”

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, sees, instagram, lessadam, best, buy, undervalued, upside, 11, prevent, mosseri, hell, mean, keeps, safetechnologyread, means, largecap, retailer, willing, guggenheim


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Instagram will start sending you a warning if you leave a mean comment

Adam Mosseri, the head of Facebook-owned Instagram, said the company is willing to make decisions that keep its users safe from online bullying, even if it leads to decreased usage. “We will make decisions that mean people use Instagram less if it keeps people more safe,” Mosseri told Time in an article published Monday. Mosseri has made combatting online bullying a top priority since he took over the reins of Instagram in October. Mosseri has stressed this at all-hands meetings and in an emails


Adam Mosseri, the head of Facebook-owned Instagram, said the company is willing to make decisions that keep its users safe from online bullying, even if it leads to decreased usage. “We will make decisions that mean people use Instagram less if it keeps people more safe,” Mosseri told Time in an article published Monday. Mosseri has made combatting online bullying a top priority since he took over the reins of Instagram in October. Mosseri has stressed this at all-hands meetings and in an emails
Instagram will start sending you a warning if you leave a mean comment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: salvador rodriguez
Keywords: news, cnbc, companies, warning, online, told, mean, users, comment, leave, bullying, million, instagram, facebook, mosseri, feature, sending, safe, start


Instagram will start sending you a warning if you leave a mean comment

Adam Mosseri, the head of Facebook-owned Instagram, said the company is willing to make decisions that keep its users safe from online bullying, even if it leads to decreased usage.

“We will make decisions that mean people use Instagram less if it keeps people more safe,” Mosseri told Time in an article published Monday.

Mosseri has made combatting online bullying a top priority since he took over the reins of Instagram in October.

Instagram on Monday announced the launch of a new AI feature that will notify users when a comment they write could be considered offensive before they post it. Instagram said it will also soon begin testing a new feature called Restrict that will allow users to hide comments from specific users without notifying those users that they’ve been muted.

Mosseri has stressed this at all-hands meetings and in an emails to his employees, current and former Instagram employees told CNBC in May. Mosseri also announced in April that Instagram would begin experimenting with hiding like counts as a way to make the social network “a less pressurized environment.”

Over the past few years, Instagram has become one of the most important parts of Facebook, with more than 1 billion monthly users, including 500 million daily users of its growing Stories feature as of January. By comparison, rival Snap counts 190 million daily users, the company said in April.

Only bullying “could hurt our reputation and our brand over time. It could make our partnership relationships more difficult. There are all sorts of ways it could strain us,” Mosseri told Time. “If you’re not addressing issues on your platform, I have to believe it’s going to come around and have a real cost.”

Read the full Time article here.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: salvador rodriguez
Keywords: news, cnbc, companies, warning, online, told, mean, users, comment, leave, bullying, million, instagram, facebook, mosseri, feature, sending, safe, start


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Taylor Swift’s attorney responds to Scott Borchetta

Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed. The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. In response to


Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed. The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. In response to
Taylor Swift’s attorney responds to Scott Borchetta Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: mallika mitra
Keywords: news, cnbc, companies, post, attorney, machine, wrote, west, swifts, swift, scott, bieber, responds, instagram, taylor, big, borchetta, label


Taylor Swift's attorney responds to Scott Borchetta

Taylor Swift’s lawyer denies she was given an opportunity to buy back her masters from Big Machine Label Group, as music industry executive Scott Borchetta has claimed.

The public feud, which led to the hashtag trending on Twitter, began Sunday when Scooter Braun’s company, Ithaca Holdings, announced it will acquire Borchetta’s Big Machine Label Group. Swift began her career at the label, where she remained until she signed with Universal Music Group in November 2018.

After the acquisition was announced, Swift took to Tumblr, calling the acquisition — which includes the handing over of her first six albums — her “worst case scenario.”

“For years I asked, pleaded for a chance to own my work. Instead I was given an opportunity to sign back up to Big Machine Records and ‘earn’ one album back at a time, one for every new one I turned in,” Swift wrote. “I walked away because I knew once I signed that contract, Scott Borchetta would sell the label, thereby selling me and my future. I had to make the excruciating choice to leave behind my past.”

Swift said she heard about the acquisition when it was publicly announced Sunday and that all she could think about was the “manipulative bullying” she said she has faced at Braun’s hands.

She also claimed Braun “got his two clients together to bully me online,” referring to an Instagram post singer Justin Bieber posted of him on video chat with Braun and Kanye West with the caption: “Taylor swift what up” (the caption has since been deleted). Bieber is Braun’s client and West is a former client. Bieber recently took to Instagram again to defend Braun, with a photo of him and Swift and a caption that includes an apology for the original Instagram post and a defense of Braun.

“He didnt have anything to do with it and it wasnt even a part of the conversation in all actuality he was the person who told me not to joke like that,” Bieber wrote about the Instagram post, which came after Kim Kardashian West released footage on Snapchat of her husband Kanye West calling Swift to ask about including Swift in his lyrics for the song “Famous,” which Swift had previously denied he had done. Representatives for Bieber did not immediately respond to a request for comment.

In response to Swift’s Tumblr post, Borchetta published a post on Big Machine’s website titled “So, It’s Time For Some Truth… ” which refutes Swift’s accusations that Big Machine offered her the chance to purchase her masters back “one album back at a time.”

“As you will read, 100% of all Taylor Swift assets were to be transferred to her immediately upon signing the new agreement,” Borchetta wrote. “We were working together on a new type of deal for our new streaming world that was not necessarily tied to ‘albums’ but more of a length of time.”


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: mallika mitra
Keywords: news, cnbc, companies, post, attorney, machine, wrote, west, swifts, swift, scott, bieber, responds, instagram, taylor, big, borchetta, label


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Instagram will start putting ads in your ‘Explore’ feed

Ads are coming for your “Explore” feed on Instagram. Facebook-owned Instagram announced Wednesday it would be rolling out ads in the section of Instagram where users browse photos and videos from accounts they might not follow. When Instagram users tap a photo or video in the “Explore” section, the company said users may start to see ads as they scroll through content. Instagram said 80% of people follow a business on Instagram and said the “Explore” tab can “help them find the next business or


Ads are coming for your “Explore” feed on Instagram. Facebook-owned Instagram announced Wednesday it would be rolling out ads in the section of Instagram where users browse photos and videos from accounts they might not follow. When Instagram users tap a photo or video in the “Explore” section, the company said users may start to see ads as they scroll through content. Instagram said 80% of people follow a business on Instagram and said the “Explore” tab can “help them find the next business or
Instagram will start putting ads in your ‘Explore’ feed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: megan graham
Keywords: news, cnbc, companies, promote, ads, start, instagram, explore, rolling, product, putting, feed, follow, company, business, users


Instagram will start putting ads in your 'Explore' feed

Ads are coming for your “Explore” feed on Instagram.

Facebook-owned Instagram announced Wednesday it would be rolling out ads in the section of Instagram where users browse photos and videos from accounts they might not follow. When Instagram users tap a photo or video in the “Explore” section, the company said users may start to see ads as they scroll through content. The changes will be introduced over the next few months.

It’s another way for Instagram to let brands get in front of potential customers. Instagram said 80% of people follow a business on Instagram and said the “Explore” tab can “help them find the next business or product they might love.” The company said more than half of accounts on Instagram use “Explore” every month.

“For advertisers, this is an opportunity to be part of what’s culturally relevant and trending while reaching new audiences who are looking to discover something new,” the post announcing the change said.

This is just the latest ad product announcement for Instagram, which earlier this month said it was rolling out the ability for advertisers to promote posts from “influencers,” or users who brands work with to promote their services or products.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: megan graham
Keywords: news, cnbc, companies, promote, ads, start, instagram, explore, rolling, product, putting, feed, follow, company, business, users


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Instagram user posts altered video of Mark Zuckerberg

Instagram user posts altered video of Mark Zuckerberg4 Hours AgoSome are calling to break up Facebook with one of the main concerns being its dominance in the digital ad market. Another area that could prove to be a problem is the time users spend on all Facebook’s platforms. CNBC’s Julia Boorstin reports.


Instagram user posts altered video of Mark Zuckerberg4 Hours AgoSome are calling to break up Facebook with one of the main concerns being its dominance in the digital ad market. Another area that could prove to be a problem is the time users spend on all Facebook’s platforms. CNBC’s Julia Boorstin reports.
Instagram user posts altered video of Mark Zuckerberg Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: stephen lam
Keywords: news, cnbc, companies, prove, platforms, spend, user, posts, reports, video, problem, altered, instagram, mark, zuckerberg4, users, zuckerberg


Instagram user posts altered video of Mark Zuckerberg

Instagram user posts altered video of Mark Zuckerberg

4 Hours Ago

Some are calling to break up Facebook with one of the main concerns being its dominance in the digital ad market. Another area that could prove to be a problem is the time users spend on all Facebook’s platforms. CNBC’s Julia Boorstin reports.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: stephen lam
Keywords: news, cnbc, companies, prove, platforms, spend, user, posts, reports, video, problem, altered, instagram, mark, zuckerberg4, users, zuckerberg


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Instagram will now let advertisers put more ‘influencer’ ads in your feed

Facebook’s Instagram is rolling out a change that will let advertisers promote posts from “influencers,” or users who work with brands to promote services or products. When the branded ads appear in the Instagram feed or in stories, other users will see a “paid partnership with” tag on the post. The company says branded content ads in-feed will be available for all advertisers in “coming weeks” and for stories in the “coming months.” David Shadpour, CEO and founder of branded content platform So


Facebook’s Instagram is rolling out a change that will let advertisers promote posts from “influencers,” or users who work with brands to promote services or products. When the branded ads appear in the Instagram feed or in stories, other users will see a “paid partnership with” tag on the post. The company says branded content ads in-feed will be available for all advertisers in “coming weeks” and for stories in the “coming months.” David Shadpour, CEO and founder of branded content platform So
Instagram will now let advertisers put more ‘influencer’ ads in your feed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: megan graham
Keywords: news, cnbc, companies, influencers, reach, feed, platform, brands, consumers, advertisers, ads, post, content, influencer, let, instagram, posts, branded


Instagram will now let advertisers put more 'influencer' ads in your feed

Facebook’s Instagram is rolling out a change that will let advertisers promote posts from “influencers,” or users who work with brands to promote services or products. This will widen the reach of those “branded” posts beyond just an influencer’s own following. And for consumers, that means you’ll likely soon be seeing sponsored posts for influencers you don’t follow.

Instagram announced the change in a blog post Tuesday. This comes after the platform discussed the upcoming update earlier this year at an event with businesses and influencers and said it has been testing the ads since last year, Ad Age reported in March.

The change comes as brands try to grapple with reaching consumers in a natural way that isn’t annoying for them.

When the branded ads appear in the Instagram feed or in stories, other users will see a “paid partnership with” tag on the post. The company says branded content ads in-feed will be available for all advertisers in “coming weeks” and for stories in the “coming months.”

A quote from Old Navy vice president of brand communications Liat Weingarten in the blog post indicated that the organic reach from “trusted sources who have credibility” has become “increasingly limited.”

“Promoting content directly from an influencer’s handle inherently gives the post more authenticity than coming from a brand handle, and we’re seeing significantly higher engagement rates using this strategy,” Weingarten wrote.

But even if a post has wider reach, brands still have to grapple with trust in a space where consumers are wary of the miracle benefits of the health supplements and weight-loss teas that are pervasive on the platform. A study released in May by media agency UM said 4% of respondents think that three-quarters or more of the information they get from influencers is true.

David Shadpour, CEO and founder of branded content platform Social Native, said in an email he expects the branded content ads to be effective at first because they’re a new type of content in the feed.

“However, over time, their impact will decrease because over-saturation will train users to tune them out, just like they’ve learned to do with brand ads. In the future we could even see a tipping point, where ads overtake organic content on the feed, causing the value of the platform to diminish for consumers,” he said.

He added that this will give brands more control over their influencer marketing strategy and give more metrics to gauge the return-on-investment of working with those influencers.

“Influencer marketing has already gained massive traction, and now brands can scale the reach and engagement of influencer posts to reach new target audiences. The downside though, is that posts are reaching people who didn’t actively opt-in by following that influencer as a result of having similar interests,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: megan graham
Keywords: news, cnbc, companies, influencers, reach, feed, platform, brands, consumers, advertisers, ads, post, content, influencer, let, instagram, posts, branded


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PayPal opens up access to e-commerce platform that’s already used by Instagram and Facebook

PayPal is rolling out a new e-commerce platform that gives small businesses the same access to the online shopping infrastructure as tech giants like Facebook. The new platform brings together existing parts of PayPal’s payments business — letting merchants accept money online and shoppers to check out through PayPal. Partners and online marketplaces are a steady part of PayPal’s business, which was once purely e-commerce as the payment option for eBay. PayPal spun off from eBay in 2015 and has


PayPal is rolling out a new e-commerce platform that gives small businesses the same access to the online shopping infrastructure as tech giants like Facebook. The new platform brings together existing parts of PayPal’s payments business — letting merchants accept money online and shoppers to check out through PayPal. Partners and online marketplaces are a steady part of PayPal’s business, which was once purely e-commerce as the payment option for eBay. PayPal spun off from eBay in 2015 and has
PayPal opens up access to e-commerce platform that’s already used by Instagram and Facebook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: kate rooney
Keywords: news, cnbc, companies, thats, access, small, business, million, online, paypal, sellers, instagram, facebook, paypals, checkout, ecommerce, opens, used, ready, platform


PayPal opens up access to e-commerce platform that's already used by Instagram and Facebook

PayPal is rolling out a new e-commerce platform that gives small businesses the same access to the online shopping infrastructure as tech giants like Facebook.

The new platform brings together existing parts of PayPal’s payments business — letting merchants accept money online and shoppers to check out through PayPal. It also opens up back-end systems like fraud protection, compliance, and authenticating an account, which would be expensive and “almost impossible” for a small start-up to build on its own, PayPal COO Bill Ready said.

“This is a huge and rapidly growing market and we’re looking to go enable much more of that,” Ready told CNBC in a phone interview. “Sellers are trying to figure out how they can go compete with the very largest online retailers. This is a huge opportunity for them.”

Instagram Checkout and Facebook Marketplace are already running on this platform. According to Ready, this is a way to “broaden out” the offering and allow companies more access to the same back-end system that allows someone to shop off of their social news feeds.

“There’s all these new places where sellers can go meet a customer,” Ready said. “We want to democratize access to that so all these millions of sellers can go engage more customers online.”

Partners and online marketplaces are a steady part of PayPal’s business, which was once purely e-commerce as the payment option for eBay. On the last earnings call, Ready said PayPal’s top 20 marketplaces grew 40% year over year and approached $90 billion in volume last year alone. Ready, former CEO of Braintree, which was later bought by PayPal, said this could also be a way to add to the company’s existing 277 million users and 22 million merchants.

PayPal spun off from eBay in 2015 and has since expanded well beyond online checkout. The San Jose, California-based company is leaning into mobile payments, which makes up roughly 40 percent of its business, and small business lending. Its popular peer-to-peer app Venmo, which can also be used in checkout on the commerce platform, now has 40 million users.

The new commerce platform includes other back-end processes like onboarding, payouts and disputes management, AI and machine learning-powered fraud protection. The product will first be available across the United States, U.K. and Europe but over time, but Ready said PayPal plans to expand to all other markets where they operate.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: kate rooney
Keywords: news, cnbc, companies, thats, access, small, business, million, online, paypal, sellers, instagram, facebook, paypals, checkout, ecommerce, opens, used, ready, platform


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Roger Stone posts ‘Wanted for Treason’ image of ex-CIA boss John Brennan on Instagram, condemns Trump-Russia probe

Roger Stone, former adviser to U.S. President Donald Trump, leaves the E. Barrett Prettyman United States Court House May 30, 2019 in Washington, DC. Lawyers asked a judge to dismiss the charges of obstruction, lying and witness tampering against Stone that stem from Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election. Roger Stone, a longtime associate of President Donald Trump’s, posted a “Wanted for Treason” image featuring photos of Trump critic and f


Roger Stone, former adviser to U.S. President Donald Trump, leaves the E. Barrett Prettyman United States Court House May 30, 2019 in Washington, DC. Lawyers asked a judge to dismiss the charges of obstruction, lying and witness tampering against Stone that stem from Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election. Roger Stone, a longtime associate of President Donald Trump’s, posted a “Wanted for Treason” image featuring photos of Trump critic and f
Roger Stone posts ‘Wanted for Treason’ image of ex-CIA boss John Brennan on Instagram, condemns Trump-Russia probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, instagram, stone, roger, judge, trumprussia, treason, trump, probe, security, wanted, stones, posts, special, president, john, russian, image, video


Roger Stone posts 'Wanted for Treason' image of ex-CIA boss John Brennan on Instagram, condemns Trump-Russia probe

Roger Stone, former adviser to U.S. President Donald Trump, leaves the E. Barrett Prettyman United States Court House May 30, 2019 in Washington, DC. Lawyers asked a judge to dismiss the charges of obstruction, lying and witness tampering against Stone that stem from Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election.

Roger Stone, a longtime associate of President Donald Trump’s, posted a “Wanted for Treason” image featuring photos of Trump critic and former CIA chief John Brennan on his social media accounts.

Stone, who has called himself a political dirty trickster, also blasted the catalyst for the counterintelligence inquiry that led to special counsel Robert Mueller’s probe of Russian interference in the 2016 presidential campaign, and ultimately to Stone’s own current prosecution for multiple alleged crimes.

The post made last week on Stone’s Facebook and Instagram accounts comes less than four months after the federal judge in his criminal case imposed a gag order on Stone, restricting his ability to comment publicly about his case and related issues.

According to a Newsweek story published Sunday, Stone, in a separate Instagram video story, featured a photo of Brennan with the words: “This psycho must be charged, tried, convicted … and hung for treason.”

The video story since has been removed.

Sam Vinograd, CNN’s national security analyst and a member the National Security Council during the administration of President Barack Obama, Sunday on Twitter reported that story to Instagram, which responded to her by saying the post had been taken down “because it violated our Community Guidelines.”

The gag order on longtime Republican operative Stone came after he posted earlier this year, also on Instagram, a photo of his case’s judge, Amy Berman Jackson, next to the crosshairs of a rifle scope.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, instagram, stone, roger, judge, trumprussia, treason, trump, probe, security, wanted, stones, posts, special, president, john, russian, image, video


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Facebook’s Adam Mosseri fought hard against fake news — now he’s leading Instagram

Adam Mosseri, Facebook Beck Diefenbach | ReutersSeptember 25, 2018, was a stress-filled day at Instagram. Adam Mosseri (center), is taking over leadership of Facebook’s instagram from co-founders Mike Krieger (left) and Kevin Systrom (right). CNBC spoke with 20 current and former Facebook and Instagram employees for this story who have worked with Mosseri. Since Facebook opened an office in a downtown San Francisco skyscraper last year, more Instagram employees have moved north to the city. At F


Adam Mosseri, Facebook Beck Diefenbach | ReutersSeptember 25, 2018, was a stress-filled day at Instagram. Adam Mosseri (center), is taking over leadership of Facebook’s instagram from co-founders Mike Krieger (left) and Kevin Systrom (right). CNBC spoke with 20 current and former Facebook and Instagram employees for this story who have worked with Mosseri. Since Facebook opened an office in a downtown San Francisco skyscraper last year, more Instagram employees have moved north to the city. At F
Facebook’s Adam Mosseri fought hard against fake news — now he’s leading Instagram Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: salvador rodriguez
Keywords: news, cnbc, companies, team, product, hard, fake, hes, leading, fought, facebooks, instagram, adam, mosseri, facebook, zuckerberg, company, employees, president


Facebook's Adam Mosseri fought hard against fake news — now he's leading Instagram

Adam Mosseri, Facebook Beck Diefenbach | Reuters

September 25, 2018, was a stress-filled day at Instagram. The prior evening, co-founders Kevin Systrom and Mike Krieger had announced their sudden departures from the eight-year-old company, leaving employees stunned and uncertain about the future of the photo-sharing app. They didn’t know who to ask about current projects since Systrom and Krieger had been running the show even after selling the business to Facebook for $1 billion in 2012. So employees took to Workplace, Facebook’s internal social network, to air their frustrations. One former employee who left the company early this year described the general mood around the office to CNBC as “disheartening.” The team would get some clarity a week later. That’s when Adam Mosseri, a 10-year veteran of Facebook, was elevated to head of Instagram. In a blog post announcing the move, Instagram included a picture of a smiling Mosseri sitting on a couch with Systrom and Krieger grinning widely on either side.

Adam Mosseri (center), is taking over leadership of Facebook’s instagram from co-founders Mike Krieger (left) and Kevin Systrom (right). Via Instagram

Mosseri, a product designer who’d climbed the ranks of Facebook, was viewed by Instagram employees as an acceptable choice, if not exactly celebrated, according to former and current staffers. He’d joined Instagram just five months earlier after previously managing News Feed, the central place Facebook users go to check up on their friends. At age 36, Mosseri now has one of the most challenging and consequential jobs at Facebook, running a unit with more than a billion monthly users that’s been valued by analysts at upwards of $100 billion — representing about one-fifth of Facebook’s market cap. Instagram is also the most popular social network among teens, an age group that’s shown declining interest in the main Facebook service, and it benefits from the fact that most Americans don’t know the site is owned by Facebook, according to a study last year. As CEO Mark Zuckerberg turns to Instagram for growth, Mosseri has to appease an employee base that wants to keep its independence from Facebook, whose reputation has taken a beating since the 2016 presidential election. Facebook is busy rolling out more tools for advertisers to pull together their campaigns across sites and is working to integrate the infrastructure of Instagram with Facebook Messenger and WhatsApp so they’re all similarly encrypted. “Facebook has great expectations from Instagram as a source of revenue,” said Eric Meyerson, a former Facebook director who worked with Mosseri on a few projects before leaving the company in 2017. “Figuring out how to better monetize Instagram without ruining the community or negatively affecting the user experience is just going to be the heaviest business challenge.” Mosseri has the added task of succeeding two co-founders and leaders who were beloved by employees, in part for maintaining a high level of autonomy. Systrom was known as a brilliant project visionary, while Krieger was the heart and soul of the service, coding features like the popular neon pen font in Instagram Stories, the user-generated photos and videos that take over an entire screen and disappear after a day. Looming over everything is a growing chorus of calls to break off Instagram amid concerns that Facebook has too much power. Senator Elizabeth Warren of Massachusetts, a Democratic presidential candidate, has said the Instagram acquisition should be undone, a sentiment echoed this month by Facebook co-founder Chris Hughes, who wrote in a New York Times op-ed that Facebook, Instagram and WhatsApp should become “distinct companies.” CNBC spoke with 20 current and former Facebook and Instagram employees for this story who have worked with Mosseri. Most of them requested anonymity because of confidentiality agreements. An Instagram spokesperson declined to comment. Mosseri was not made available for an interview.

Coolest part of the company

Housed in buildings 24 and 25 on Facebook’s main campus in Menlo Park, California, Instagram now employs about 1,000 people within Facebook’s 38,000-person workforce. Since Facebook opened an office in a downtown San Francisco skyscraper last year, more Instagram employees have moved north to the city. That group includes Mosseri, who sometimes rides to the office on the BART train and works at an open desk on a floor surrounded by Instagram leadership. He still splits his time between the offices, alternating for his weekly all-hands meetings, according to employees. While Mosseri has fully embedded himself in Instagram, there’s plenty of internal anxiety about having a boss from Zuckerberg’s inner circle. One employee described a general feeling of “discomfort,” while a former employee who left after Mosseri took over, said that “resentment against Zuckerberg leads to resentment against Mosseri.” Within Facebook, Instagram has long been viewed as the coolest part of the company. Before starting, employees go through a weeks-long bootcamp. At the end, many of the new recruits have the power to choose which group to join, assuming that team wants them. Incoming employees routinely pick Instagram as their top choice. But lately, Instagram has been suffering some brain drain, and not just the departure of the founders. Kevin Weil, the former vice president of Product, James Everingham, the head of Engineering, and Hui Ding, director of infrastructure engineering, all moved over to the company’s new blockchain group, which is keeping quiet about its work but is reportedly developing its own cryptocurrency. Led by David Marcus, PayPal’s former president, the group has lured a number of other Instagram employees because it’s now seen by many internally as the most anti-Facebook part of the company. Mosseri nabbed several Facebook executives to fill senior Instagram roles, including putting Nam Nguyen in charge of engineering and naming Luke Woods as vice president and head of design. He’s still looking for a chief operating officer, according to a report earlier this month from Cheddar.

Facebook CEO Mark Zuckerberg speaks about Instagram during a press event at Facebook headquarters. Justin Sullivan | Getty Images

At Instagram, much of the focus is on fixing problems that resulted from out-of-control growth. Two of Mosseri’s biggest priorities, employees say, are the company’s anti-bullying efforts and Facebook’s plan to pull together Instagram with WhatsApp and Messenger. Tamping down bullying is the responsibility of the well-being team, which has its own website and says it’s committed “to building a safe, kind and supportive platform.” The issue has gained publicity following a report last year from Pew Research that 59% of U.S. teens have faced online bullying or harassment. A story the following month in The Atlantic singled out Instagram for providing “a uniquely powerful set of tools” to enable bullying. Mosseri and his deputies are using their public appearances to discuss the actions Instagram is taking. At Facebook’s annual F8 developer conference in April, Mosseri said the company was experimenting with hiding “like” counts so hanging out on Instagram doesn’t “feel like a competition.” “What we aspire to do — and this will take years, I want to be clear — is to lead the fight against online bullying,” said Mosseri, who often addresses the issue in Instagram’s all-hands meetings and in his weekly company-wide email. It’s not just bullying that he’s attacking. Two months earlier, Mosseri put out a blog post announcing four changes to promote safety for the “most vulnerable people” on the platform, including banning images that show self-harm and providing resources to people who are posting and searching for that sort of content. Then there’s Zuckerberg’s new emphasis on privacy, which he declared earlier this year is the future direction of the company. As part of that shift, Zuckerberg plans to link the back end of messaging services — Messenger, Instagram and WhatsApp — so they’re all jointly encrypted. Some Instagram employees say they’re concerned about Mosseri’s willingness to listen to their feedback in the process and communicate it to Zuckerberg, rather than just following the lead of headquarters. Zuckerberg and Mosseri have been in lockstep agreement up to this point on the most public matter involving Instagram — that it should be pulled apart from Facebook. Zuckerberg said such a radical move wouldn’t solve Facebook’s problems and would actually make them more difficult to fix. Mosseri tweeted the same idea on May 13, a few days after Hughes’s op-ed. “Breaking up Facebook would make it exponentially harder for us at Instagram to address problems on our platform,” Mosseri wrote. “For most safety issues, from hate speech and violence to misinformation, we rely heavily on the teams and technology built out by the Facebook teams. Sharing data is also incredibly important — if we identify a bad actor on one platform we can remove them from the others.” They may be right, but Zuckerberg also knows Instagram is vital as a business, considering the flattening growth of Facebook’s user base. Instagram has been at the forefront of Facebook’s push into Stories, which Zuckerberg has said will eventually deliver more revenue than the Facebook News Feed. Instagram counts more than 500 million daily users for its Stories feature.

Constant focus on design

A bulky New Yorker and graduate of New York University who can often be seen wearing light transparent glasses, Mosseri was influenced by Facebook even before his first day at the company in 2008. In 2007, he was hired as one of the first employees at TokBox, a San Francisco early-stage startup that was building a video chat service. He was known around the office for his sense of humor, often communicating with colleagues in a Chewbacca voice, an impersonation he carried with him to Facebook, former co-workers say. Above all, Mosseri had a reputation for clean design, which relied heavily on a color palette of blue, light blue and gray. “A lot of us joked, ‘Hey dude, why don’t you just apply for a job at Facebook? You’ll fit right in,'” said Bartosz Solowiej, who worked with Mosseri at TokBox. His TokBox teammates weren’t surprised when Mosseri told them not long after that Facebook had hired him as a product designer. At Facebook, Mosseri made an immediate splash, shipping his first lines of code on his first day, according to two former Facebook co-workers. His consideration for the placement of advertisements within his designs gave him credibility among the business folks. He joined an intramural soccer squad at Facebook and flashed his striker skills on the field. He got the only extra-large jersey, which had the number 00 on the back — his teammates nicknamed it “Bagels.” On and off the pitch, colleagues said nice things about him. A former member of Facebook’s security staff said Mosseri and his wife, Monica, who he met at Facebook, treated everyone at the company with respect, regardless of where they were in the hierarchy. Mosseri has had to deal with bumps on his way to Facebook’s upper ranks. He was the product manager of Facebook Home, the company’s attempt at a smartphone user interface with a design that included face bubbles popping up on the screen as users chatted with their friends. The product was an immediate flop and was widely mocked. By the time of the Home’s troubled launch in 2013, Mosseri had moved on to managing mobile product managers. Along with Tom Alison, a vice president of engineering, he established what would become the News Feed team, running the most important part of the core Facebook app. Mosseri was promoted to vice president in 2016, and he shifted to Instagram in May 2018, amid a reorganization of Zuckerberg’s leadership team, before ultimately landing the top job. Krishna Gade, who worked for Mosseri as a News Feed engineering manager, said the struggle to scale Instagram as a unique property inside Facebook is real. “It’s easy to get lost and make Instagram look more like Facebook, and that would be detrimental,” Gade said. “Instagram has a unique experience.”

Experience with controversy

Gade, who’s now founder and CEO of a start-up called Fiddler Labs, has seen Mosseri face adversity. He said his boss was key to establishing the Integrity team, which works to eliminate fake news. That became an important initiative in the aftermath of the 2016 election, as concerns rose about Facebook’s role in allowing the spread of misinformation and enabling foreign interference in U.S. democracy. In late 2017 and early 2018, Mosseri was involved in a series of meetings about how Facebook would deal with the issue going forward, according to people with knowledge of the matter. In those sessions, Mosseri supported aggressively removing fake news across Facebook’s services, the people said. On multiple occasions, they said, Mosseri squared off with Joel Kaplan, Facebook’s vice president of U.S. public policy and a former member of the George W. Bush Administration who stirred controversy last year for showing up at the confirmation hearing for Supreme Court Justice Brett Kavanaugh.

Facebook policy head Joel Kaplan (circled) listens to testimony of Brett Kavanaugh before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., September 27, 2018. REUTERS/Jim Bourg


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: salvador rodriguez
Keywords: news, cnbc, companies, team, product, hard, fake, hes, leading, fought, facebooks, instagram, adam, mosseri, facebook, zuckerberg, company, employees, president


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‘Aquaman’ star Jason Momoa was once too ‘broke to fly home’ when filming ‘Game of Thrones’

On the back of starring in such global successes as “Aquaman” and HBO’s “Game of Thrones,” Jason Momoa has become a household name in the entertainment world. Rewind back a decade however, and the actor’s lifestyle looked quite different; with Momoa recently revealing that there was a time when he wasn’t able to financially justify taking a flight back home. On Monday, the actor took to Instagram to reflect upon the early days of being on the set of “Game of Thrones” (GOT), explaining how he spe


On the back of starring in such global successes as “Aquaman” and HBO’s “Game of Thrones,” Jason Momoa has become a household name in the entertainment world. Rewind back a decade however, and the actor’s lifestyle looked quite different; with Momoa recently revealing that there was a time when he wasn’t able to financially justify taking a flight back home. On Monday, the actor took to Instagram to reflect upon the early days of being on the set of “Game of Thrones” (GOT), explaining how he spe
‘Aquaman’ star Jason Momoa was once too ‘broke to fly home’ when filming ‘Game of Thrones’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: alexandra gibbs
Keywords: news, cnbc, companies, filming, star, aquaman, break, van, worldrewind, instagram, wrote, actor, broke, thrones, jason, game, momoa, fly


'Aquaman' star Jason Momoa was once too 'broke to fly home' when filming 'Game of Thrones'

On the back of starring in such global successes as “Aquaman” and HBO’s “Game of Thrones,” Jason Momoa has become a household name in the entertainment world.

Rewind back a decade however, and the actor’s lifestyle looked quite different; with Momoa recently revealing that there was a time when he wasn’t able to financially justify taking a flight back home.

On Monday, the actor took to Instagram to reflect upon the early days of being on the set of “Game of Thrones” (GOT), explaining how he spent his break with a small budget, in between filming scenes for the hit show.

“While filming GOT we had a lil break. We were to [sic] broke to fly home, so we rented a panel van, aka UHAUL, in Belfast and drove around beautiful, amazing Ireland, searching for the greatest pint of Guinness,” the actor wrote in an Instagram post, which was accompanied with a picture of Momoa lying down and smiling in the back of a van, in Donegal.

“So many wonderful people and stories. I treasure those times. It was the simplest moments I remember the most. I still miss my family. Been a long road and I feel like I’m just getting started.”


Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: alexandra gibbs
Keywords: news, cnbc, companies, filming, star, aquaman, break, van, worldrewind, instagram, wrote, actor, broke, thrones, jason, game, momoa, fly


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