Social Startup Plai Labs Debuts Free Text-to-Video Generator

The entrepreneurs behind the Myspace social network and gaming company Jam City have shifted their focus to generative AI and web3 with a new venture, Plai Labs, a social platform that provides AI tools for collaboration and connectivity. Plai Labs has released a free text-to-video generator, PlaiDay, which will compete with other GenAI video tools from the likes of OpenAI (DALL-E 2), Google (Imagen), Meta Platforms (Make-A-Video) and Stable Diffusion. But PlaiDay hopes to set itself apart by offering the ability to personalize videos with selfie likenesses. Continue reading Social Startup Plai Labs Debuts Free Text-to-Video Generator

Meta’s Future Pondered as Facebook Matures, Growth Slows

Meta Platforms released its Q4 earnings on February 2, at which time several media outlets have become quite exercised over the fact that the company’s flagship social media platform, Facebook, reported that daily and monthly active users were “1.93 billion on average” and “2.91 billion,” respectively, in both Q4 and Q3, i.e., “flat,” as in zero growth. While sequential quarterly analysis can be a useful metric, it is more relevant when analyzing startups. For mature companies, a year-over-year analysis that compares like quarters is the Wall Street norm. Launched in 2004, Facebook turns 18 this year. Continue reading Meta’s Future Pondered as Facebook Matures, Growth Slows

TikTok Evolved to Become Major Cultural Platform This Year

TikTok debuted in the U.S. in August 2018 and by April 2020 had amassed 2+ billion downloads. By fall of this year it racked up an estimated 850 million monthly active users. While many people still think of TikTok as an app for children and young people, it has become a “rich social and entertainment network” that has impacted online dance culture, the fashion and music industries, and much more. Thousands of TikTok creators recently recreated Pixar’s “Ratatouille” animated feature in 60-second contributions of songs, dances, set designs and puppets. Continue reading TikTok Evolved to Become Major Cultural Platform This Year

Facebook Product Experimentation Team Open for Business

According to sources, Facebook’s new division dubbed the New Product Experimentation Team (or NPE Team) is looking into the possibility of creating apps and podcasts for travel, newsletters and workplace services. The NPE Team is tasked with “building the future of Facebook,” as chief executive Mark Zuckerberg hopes to keep the social media platform central to peoples’ daily lives. Other social networks such as Myspace and Friendster failed when they did not evolve beyond their initial offerings. Continue reading Facebook Product Experimentation Team Open for Business

Fake Followers on Instagram Are Becoming a Costly Problem

Fake followers are a problem on Instagram. A $1.3 billion problem, to be exact, due to the brands that are paying influencers whose followers simply don’t exist. It’s gotten easier to buy fake followers, from dozens of online sellers and a coin-operated vending machine from artist Dries Depoorter. Cybersecurity firm Cheq tallied the monetary cost above to brands for 2019 alone. Now, potential sponsors and agencies are increasingly up in arms about the scam, and looking for ways to hold influencers responsible. Continue reading Fake Followers on Instagram Are Becoming a Costly Problem

Myspace Accidentally Loses All Music Posted Prior to 2016

Myspace, which introduced Internet users to social networking, faded from view with the advent of Facebook. Still, Myspace endured as a popular music platform, in part because it drew credibility from having helped launch artists such as Arctic Monkeys, Panic! At The Disco, Sean Kingston and Kate Nash. Musicians and other Myspace users were dismayed to read a banner on the site proclaiming that, due to a server migration, files loaded more than three years ago will “no longer be available on or from Myspace.” Continue reading Myspace Accidentally Loses All Music Posted Prior to 2016

Third-Party Sellers on Amazon Become Latest Hacking Target

Hackers are reportedly targeting third-party sellers on Amazon by using stolen email and password credentials (available for purchase from previous hacks via the “Dark Web”) in a scam to post fake product deals online and pocket cash. Thieves have changed the bank info of active sellers on Amazon to steal amounts up to tens of thousands from each and have hacked less active sellers to post merchandise that does not exist, offering products at steep discounts. While PayPal and eBay have been targeted by hackers in the past, cybersecurity experts indicate that Amazon is becoming a new target. Continue reading Third-Party Sellers on Amazon Become Latest Hacking Target

With Breach, Yahoo Pays the Price For Skimping on Security

Six years ago, the Chinese military hacked Google, Yahoo and other technology companies. Google, whose co-founder Sergey Brin vowed “never again,” hired hundreds of security engineers to make good on that promise. Yahoo, under the leadership of Marissa Mayer, however, focused on other problems the ailing company faced and reportedly failed to take more stringent security measures. Now, Yahoo reports another serious breach, undetected for two years, with 500 million users’ credentials stolen. Yahoo and the FBI are investigating. Continue reading With Breach, Yahoo Pays the Price For Skimping on Security

Personal Credentials Leaked From Millions of Twitter Accounts

According to Twitter, the personal data of nearly 33 million of its users are presently at risk due to malware that may have trolled the information from users, not the company. Millions of usernames, emails and, in some cases, passwords are listed for sale on the dark web. Similar leaks in the past month have impacted users of LinkedIn, Myspace and some Russian-language sites. “The website that published the Twitter passwords, LeakedSource, says it has more than 1.8 billion records in its database,” reports The Wall Street Journal. “LeakedSource sells access to these records for a fee.” Twitter is encouraging its users to change their passwords. Continue reading Personal Credentials Leaked From Millions of Twitter Accounts

Time Inc. and Wochit Partner to Help Publishers Create Videos

Time Inc., which purchased ad tech network and Myspace owner Viant earlier this year, is planning to publish 40,000 pieces of video content in 2016. To help achieve this ambitious goal, Time has partnered with New York City-based Wochit, a startup that helps online publishers produce short videos. Wochit provides pre-licensed content, editing tools and publishing options for social media and mobile platforms. The service analyzes article text and finds related graphics, photos and videos to build a video. Publishers can then add voice-over, music and more. Continue reading Time Inc. and Wochit Partner to Help Publishers Create Videos

The Los Angeles Tech Scene is Making a New Name for Itself

The Los Angeles tech scene — from Santa Monica to Irvine to West Adams — has been booming in recent years. According to open source map Represent.LA, there are now 889 startups in the region. Many LA tech entrepreneurs got started with cheap mobile apps that quickly became profitable. They focus on creativity and aesthetics, tap celebrities when needed, and remain open to products designed just for fun. And the sunny LA weather and cheaper rent attracts talent from around the world. Continue reading The Los Angeles Tech Scene is Making a New Name for Itself

FCC Comments Site Slows After John Oliver’s Commentary

During Sunday’s episode of “Last Week Tonight” on HBO, John Oliver devoted more than 13 minutes, nearly half his show, to explaining the FCC’s proposed Net neutrality rules in a humorous yet detailed fashion. Toward the end of the commentary, he passionately called upon Internet commenters to direct their “indiscriminate rage” toward the FCC’s online feedback system. Viewers responded, and the next day the FCC tweeted that its site was experiencing technical difficulties due to the heavy traffic. Continue reading FCC Comments Site Slows After John Oliver’s Commentary

Snapchat Agrees to Settle with FTC Over Deceptive Marketing

The Federal Trade Commission recently charged Snapchat of deceiving users about the privacy of their personal data and their image and video messages. Under the terms of a new settlement with the FTC, Snapchat will be required to implement a privacy program that will be independently monitored for the next 20 years. If Snapchat violates the agreement, the company may be subject to fines. Snapchat has reportedly resolved most of the privacy issues over the past year. Continue reading Snapchat Agrees to Settle with FTC Over Deceptive Marketing

DEW Conference: Futurist Rob Tercek on Internet Companies

Millennials, who typically get their video from Vine, Instagram, Snapchat and other social and online sources, are developing a new vernacular for viewing, said futurist Rob Tercek at the Digital Entertainment World conference in LA last week. He believes that the DreamWorks deal to produce children’s content for Netflix is a play by Netflix to capture and cultivate a generation of viewers, similar to the way Apple seeded schools with Apple computers. Similar trends are playing out with various Internet companies. Continue reading DEW Conference: Futurist Rob Tercek on Internet Companies

Social Media Update: 73 Percent of Adults Access Social Networks

Some 73 percent of online adults now use a social networking site, while 42 percent now use multiple social networking sites, according to new figures released by the Pew Internet & American Life Project. In terms of number of users, Facebook remains the dominant platform, but an increasing number of consumers are diversifying onto other services such as Instagram, LinkedIn, Pinterest and Twitter. In addition, Instagram users are nearly as likely as Facebook users to check in daily. Continue reading Social Media Update: 73 Percent of Adults Access Social Networks