SOCIAL
What’s Going On With Facebook Parent Meta’s (META) Stock Today – Meta Platforms (NASDAQ:META)

Meta Platforms Inc META showcased a new strategy for its European audience, focusing on compliance with the region’s stringent regulations.
The tech giant looks to halt the display of advertisements to users below 18 years of age across the EU and other European areas adhering to EU regulations.
Also Read: Meta Loses Another EU Lawsuit Shortly After Hefty Penalty For Data Privacy Breach
Meanwhile, adult users will face a choice: consent to targeted ads based on their digital activity or opt for a subscription-based, ad-free experience on platforms like Facebook and Instagram.
The subscription fees are €9.99 ($10.55) for desktop sign-ups and €12.99 for mobile users, accounting for app-store charges from tech giants Apple Inc AAPL and Alphabet Inc GOOGL GOOG. This strategic move is detailed in a recent report by the Wall Street Journal reports.
EU privacy regulators, spearheaded by Ireland, have been vocal in their demand for user consent before displaying behavioral ads. After negotiations and discussions with regulators, Meta has formulated a plan that aligns with EU laws, further backed by a July court decision from the bloc’s top tribunal. This decision supports the notion that social media companies can charge users who opt out of data usage for ad-targeting purposes.
Alongside these changes, Meta has introduced a fee of €6 per month for each additional linked account on desktop and €8 per mobile.
This pricing strategy aligns with other tech platforms offering ad-free services, such as YouTube, Netflix Inc NFLX, and Spotify Technology S.A. SPOT.
However, U.S. users might not see a similar subscription offering to opt out of ads shortly.
Meta, with over $113 billion in advertising revenue last year, continues to advocate for an ad-supported internet, emphasizing accessibility to personalized products and services for users across different economic statuses.
Earlier in 2023, Meta launched non-personalized content streams for users within the EU, aligning with the European bloc’s revamped digital mandate, the Digital Services Act (DSA).
Price Action: META shares traded higher by 2.45% at $304.39 on the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
SOCIAL
US Senators Accuse X of Profiting From Terrorist Propaganda

The challenges keep coming for X, with a group of more than two dozen House Democrats in the U.S. issuing a letter that accuses the platform of “profiting off violent content by a terrorist organization”, in relation to the Israel-Hamas war.
The accusations primarily relate to X’s “X Premium” subscription program, which the senators claim has seen X take in money from terrorist groups, who are looking to spread their propaganda and messaging in the app.
As per the letter:
“Researchers reported that at least 20 out of 45 accounts it found to have posted terrorist propaganda were X Premium accounts, meaning that they are paying for verification without any formalized vetting process and being promoted by the website’s algorithm.”
The Senators also claim that X “has financially benefited from the spread of demonstrably false and misleading content” in the app:
“The media watchdog, NewsGuard, recently published analysis of the 250 most-engaged posts – likes, reposts, replies, and bookmarks – during the first week of the conflict that promoted at least one of ten prominent false or unsubstantiated narratives relating to the war. Their analysis revealed that 186 out of these 250 posts (74 percent) were posted by accounts verified by X – accounts that X directly profits from. Their analysis also found that posts advancing these myths collectively received 1,349,979 engagements and were cumulatively viewed more than 100 million times globally in just one week.”
The letter also highlights X’s creator ad revenue share program as another vector for concern, as it enables users to get paid for their posts, and any claims in them, in the app.
The senators allege that this has created an inadvertent incentive for people to post more divisive, harmful content, including terror-related material and misinformation, in order to maximize engagement, and thus, ensure greater revenue intake.
The Senators have further raised “grave concern” about X’s “ongoing failure to abide by its own policies” relating to the promotion of misinformation and hateful, violent, and terroristic propaganda videos.
“This follows a troubling pattern of increased antisemitism on the platform since Mr. Musk’s purchase. A March 2023 study by CASM Technology and the Institute for Strategic Dialogue (ISD) documented a near-doubling of the total number of anti-Semitic tweets in his first three months of ownership. In September, in response to this dramatic increase of antisemitism on X, Israel’s Prime Minister personally urged Mr. Musk to tackle antisemitism on the platform. Now, in the days following Hamas’ horrific October 7th terrorist attack on Israel, we’ve seen an inexcusable situation become outright indefensible.”
The Senators have called on X to provide explanations as to how its working to address these concerns, and what measures it’s implementing to improve its systems on each front.
The accusations, which are co-signed by 27 Democrat representatives, are set to further underline the political division around the app, and comes just a day after Texas’ Republican Attorney-General Ken Paxton opened his own investigation into Media Matters over it potentially fabricating evidence in its recent reports, which showed that X is displaying ads alongside racist and anti-Semitic content.
X owner Elon Musk, meanwhile, is using such accusations to embolden his push for “free speech”, accusing those who make such claims of working for a pro-censorship agenda, as the broader powers that be look to shut down X for challenging mainstream narratives.
Which is a vague, and unproven accusation, and really, more of a rallying cry for Musk’s supporters than it is an actual, realistic defense. But regardless, that’s what Musk is going with, as he and his team look to challenge such claims in court, despite all available evidence suggesting that X has no real way to demonstrably counter such evidence.
Indeed, Musk’s push back against the latest accusations that X is showing ads alongside harmful content has prompted a range of users to find their own examples of such in the app, which has seen many able to replicate the ad placement that Media Matters displayed.
It seems likely, then, that the accusations in this new letter will be provable, which will cause more challenges for X, which is already facing an advertiser boycott over the latest accusations, along with Musk’s own controversial comments.
Elon, however, seems confident that he can fight back. But the real challenge for X will be in how long it takes for such a legal challenge to go through, and what impact that has on its ad business in the meantime.
X was already staring down a significant loss for the year before these new challenges, after seeing a more than 50% decline in ad revenue following Musk’s takeover at the app. The loss of more ad dollars will only worsen its financial state, though Musk, of course, has other resources that he could tap into to keep the company afloat. But the challenges will continue to grow, unless X can get its ad business back on track.
Meanwhile, Threads, Meta’s X competitor app continues to grow, with U.S. President Joe Biden yesterday joining the app, which, again, will further underline political division between the two alternatives.
Which could push X more into conservative social app territory, which hasn’t been fruitful ground, from a financial perspective, for Parler, Gab, Truth Social, etc.
But that does increasingly seem like where X is headed, due to Elon’s insistence on sharing his thoughts and opinions on every divisive topic, and his resolution to fight back, rather than seeking to address potential problems.
And it does seem, based on a growing number of third-party investigations, that there are flaws to address in X’s systems.
In this sense, it’s less of an assault on free speech, and more of a push to reduce instances of harmful, terror-related content, but Elon also seems to have made his stand. Which could be a big problem for his “everything app” vision.
SOCIAL
How influencers manipulate followers to increase their revenue

Nathanaël L’Huillier proudly recalled the time when he reached eighth place in TikTok’s French “weekly rankings.” His live videos, which he films at home on his mobile phone, brought this 30-year-old from the central Nièvre region unprecedented online exposure and success. Above all, the up-and-coming influencer received around €10,000 in virtual gifts from his subscribers, in the space of seven days.
L’Huillier is just one of many examples that confirm the power of the highly lucrative TikTok live events for content creators, even though the platform collects half the value of donations received through commissions, according to the content creators Le Monde interviewed. By developing more and more live community features and events, ByteDance’s social media platform is increasingly relying on this practice, which was introduced in 2019 to accelerate its international development. This is done at the risk of reinforcing the self-serving tendencies among certain influencers and fostering addictive behaviors among internet users, some of whom are very young.
Race for profits
Indeed, simply opening the live tab in the application reveals that many of the creators producing live videos have the sole aim of encouraging their subscribers to send money. To achieve this, they each have their own methods. There are those who assume the roles of characters reacting differently to each donation received, as illustrated by the recent trend of “NPC content,” which involves interacting with subscribers as if you were a non-playable video game character.
Others choose to take on increasingly complex challenges, depending on the value of the gift they’ve received. Take Maxime, aka Aquizop, for instance: “I came up with the idea of combining weightlifting and interaction with my subscribers: They send me gifts, and in return, I lift a certain weight a certain number of times,” said the 18-year-old.
There are lso athose who stage “matches” between their community and that of a peer, especially among ex-reality TV contestants. On a split screen, whoever receives the most gifts from their viewers at the end of a five-minute countdown wins the “game.” L’Huillier participates enthusiastically in this exercise for nine hours every day: “The aim is to find your opponent and tell him, ‘Your team sucks, they’re on the dole!’ to rile up their troops and motivate mine to play.”
What’s more, it works. When Le Monde enquired about the money invested in the feature by French users, TikTok did not respond. But, in the US, live events generated more than $250 million in gifts in the third quarter of 2023 alone, according to The Information.
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SOCIAL
TikTok Adds New Conversational UI To Help Guide Its Algorithms

The impact of ChatGPT extends beyond the interface itself, with a growing number of platforms now looking to integrate more conversational UI elements into their systems, in order to align with evolving habitual trends, which many now see as the future.
TikTok is the latest to latch onto this, with a new “Customize Feed” option within your “For You” page settings that lets you enter in conversational guidance on what you want to see more, or less of, in-stream.
As you can see in this screenshot, shared by Jonah Manzano, TikTok’s new customization tool provides a simple text field, where you can enter in a preference, like “I’d like to see more posts from creators I follow”, which TikTok will then use to customize what it shows you.
You can even ask it to show you different content for a certain period of time, with the process intended to make it easier for users to be more specific about what they prefer, without having to rely purely on in-app engagement triggers.
Which, as noted, is more in alignment with the conversational UI of ChatGPT, in enabling users to enter in less technical queries to improve their in-stream experience.
Which might work, and it might actually become more necessary in all apps, as users continue to become more accustomed to simply asking for what they want, as opposed to being experts in Boolean search operands. But at the same time, this type of specificity can also lead to less beneficial results, because often what users think that they want, and what they actually prefer, are two different things.
Meta is a good example of this. Repeatedly, users on Facebook and Instagram have voiced their displeasure at not having a chronological timeline, at having too many Reels from profiles that they don’t follow show up in-stream, at not seeing enough updates from friends and family, etc.
All of these are valid complaints, but Meta has also shown that when they do align with such, usage generally declines.
That might also be an indicator of the fallacy of social media trends, in that what’s getting the most attention, when measuring by comments, shares, and likes, is not always indicative of what the majority of people actually care about at any given time.
Divisive issues logically drive more engagement, but in the majority, those issues are not what’s impacting most people’s day-to-day existence. But that engagement then sees media organizations put more focus on these divisive topics, as they help to drive more traffic, which then leads to even more online discussion, and an even bigger, broader focus on such, despite the majority of people not necessarily engaging with it.
Research shows that the vast majority of social media users don’t ever post themselves, which means that the bulk of in-app engagement is driven by a vocal minority, but is not always indicative of key trends for general users.
As such, actual time spent reading content is a better indicator, and more indicative engagement measures like this are, gradually, where social platforms are headed, in order to guide their algorithms, as opposed to what’s sparking more replies and shares.
The risk with guidance elements like this one from TikTok is that TikTok users will look to use them as a filter, which will actually then lessen their experience. But at the same time, TikTok likely knows that a) most people simply won’t bother to use it, and b) it’s likely not giving this element a lot of algorithmic weight. So it might make people feel better in having a say on such, but it probably won’t be as influential as they may perceive.
In any event, it’s another indicator of the growing shift towards conversational UI, and how it’s slowly creeping into more elements, as platforms look to merge with evolving user behaviors.
That could be even more relevant on TikTok, where the next generation of users are engaging, but it seems like a minor consideration at this stage.
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