Social Media Archives - CFO

Massive Outage Dents Facebook Shares, Revenue

Massive Outage Dents Facebook Shares, Revenue

Facebook, Instagram, and WhatsApp went dark in what website monitoring group Downdetector said was the largest such failure it had ever seen.

By Matthew Heller | October 5, 2021

Meme Stock Phenomenon Presents Opportunities for CFOs

Meme Stock Phenomenon Presents Opportunities for CFOs

What starts out as a “cultish response to a flagging brand” can result in favorable outcomes for the formerly distressed issuer.

By Vincent Ryan | August 19, 2021

Elon Musk Violated Labor Laws With 2018 Tweet

Workplace Issues

Elon Musk Violated Labor Laws With 2018 Tweet

The National Labor Relations Board also ruled that Tesla violated labor laws when it fired a union activist in 2017.

By Vincent Ryan | March 25, 2021

Protecting Against Cyberattacks in a Remote Worker World

Protecting Against Cyberattacks in a Remote Worker World

Companies should invest in training to help employees ward off social engineering attacks, which use social media, personal profiles, and websites.

By Vincent Ryan | February 22, 2021

SEC Sends a Message to Social Media Stock Promoters

SEC Sends a Message to Social Media Stock Promoters

Commission suspends trading in an over-the-counter stock, SpectraScience, that is being "pumped" on social media sites.

By Vincent Ryan | February 11, 2021

Twitter to Shut Down Periscope Five Years After Launch

Twitter to Shut Down Periscope Five Years After Launch

Periscope “wasn’t a staying force, in the same way that other live streaming services — like the juggernaut of Twitch — would become."

By Matthew Heller | December 16, 2020

Facebook Adds CRM Platform With Kustomer Buy

Facebook Adds CRM Platform With Kustomer Buy

The deal “could provide businesses and customers with more support for interactions that occur on Facebook and its other apps."

By Matthew Heller | December 1, 2020

Twitter Shares Fall on Slowing User Growth in Q3

Twitter Shares Fall on Slowing User Growth in Q3

Twitter beat estimates on the top and bottom lines but daily active user growth of only 1 million disappointed investors.

By Matthew Heller | October 30, 2020

Judge Gives WeChat Reprieve From U.S. Shutdown

Judge Gives WeChat Reprieve From U.S. Shutdown

WeChat users who sued the Trump administration had “shown serious questions going to the merits of their First Amendment claim," the court said.

By Matthew Heller | September 21, 2020

Zoom Outage Disrupts Monday Morning Meetings and Classes

Zoom Outage Disrupts Monday Morning Meetings and Classes

Videoconferencing system's widespread outage demonstrates the fragility of the remote work and learn models.

By Vincent Ryan | August 24, 2020

Trump Orders TikTok Owner to Sell U.S. Assets

Trump Orders TikTok Owner to Sell U.S. Assets

The order "adds pressure on ByteDance to find a buyer, while giving the U.S. government a chance to object if it does not approve of the choice."

By Matthew Heller | August 17, 2020

Snap User Growth Rises But Misses Forecast

Snap User Growth Rises But Misses Forecast

The initial lift in users that Snap saw from coronavirus lockdowns "dissipated faster than we anticipated as shelter in place conditions persisted."

By Matthew Heller | July 22, 2020

Facebook Preparing To Launch TikTok Rival In U.S., 50 Other Markets

Facebook Preparing To Launch TikTok Rival In U.S., 50 Other Markets

Instagram Reels launched in parts of Europe in June and is set to hit the U.S., Japan, the U.K., and Mexico next month.

By Vincent Ryan | July 17, 2020

Major Twitter Accounts Hacked for Bitcoin Scam

Major Twitter Accounts Hacked for Bitcoin Scam

Twitter says "a coordinated social engineering attack ... successfully targeted some of our employees with access to internal systems and tools.”

By Matthew Heller | July 16, 2020

U.S. Government Considers TikTok Ban

U.S. Government Considers TikTok Ban

Critics have brought up concerns around the app’s privacy practices and its possible ties to the Chinese government.

By Lauren Muskett | July 10, 2020