Connect with us

PINTEREST

15 Best Stocks in the Past Week: Square, Roku, Pinterest

Published

on

Stocks finished higher Friday, with the Dow Jones Industrial Average and the S&P 500 closing at record highs, as investors look past signs of higher inflation in the U.S. and China.

The top gainers on Friday, ending the week, included FuboTV  (FUBO) – Get Report, Levi Strauss & Co.  (LEVI) – Get Report, Harley Davidson  (HOG) – Get Report, Moderna  (MRNA) – Get Report, and Honeywell  (HON) – Get Report.

Here are some of the best stocks in the past week by their performance in percentage change at the close of trading on Apr. 9. These include stocks over a $10 share price at the time of publishing.

1. Rice Acquisition Corp. | +65.74%

Rice Acquisition Corp.  (RICE) – Get Report advanced after the special purpose acquisition company said it was combining Aria Energy and Archaea Energy and taking them public in a $1.15 billion SPAC merger.

The deal will create a major renewable natural gas platform.

Advertisement
free widgets for website

2. Greenwich LifeSciences | +55.18%

Greenwich LifeSciences GLSI recently announced the titles and authors of the two abstracts/posters that were accepted for presentation at the upcoming American Association for Cancer Research (AACR) Annual Meeting 2021, which will be held in a virtual format from Apr. 10-15.

The clinical-stage biopharmaceutical company is primarily focused on the development of GP2 — immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. 

3. Celcuity | +39.93%

Celcuity  (CELC) – Get Report, a clinical-stage biotechnology company, announced Thursday that it has entered into a global licensing agreement with Pfizer  (PFE) – Get Report

The agreement grants Celcuity exclusive rights to Pfizer’s gedatolisib, which is in clinical development for the treatment of patients with ER+/HER2-negative advanced or metastatic breast cancer. The partnership is in line with Celcuity’s effort to pursue an integrated companion diagnostic and therapeutic strategy for treating patients with cancer.

Celcuity paid an upfront license fee of $5 million of cash and $5 million of Celcuity’s common stock as upfront payment. Pfizer is eligible to receive up to $330 million of development and sales-based milestone payments and tiered royalties on potential sales. Additional financial terms of the agreement were not disclosed.

Advertisement
free widgets for website

4. Snap | +15.98%

Shares of Snap  (SNAP) – Get Report rose after the Snapchat parent was upgraded to overweight from neutral by Atlantic Equities analyst James Cordwell with a $75 price target. 

See also  Influencer Sues Pinterest, Alleging She Cofounded The Company—And Might've Been A ... - Forbes

Evercore ISI analyst Mark Mahaney assumed coverage with an outperform rating and $68 target.

5. Square | +13.90%

Square  (SQ) – Get Report shares rose after the financial services company was upgraded at Keefe, Bruyette & Woods to outperform.

Earlier this month, TheStreet.com founder Jim Cramer explained why he’s bullish on Square and arch-rival PayPal.

 Square has gained 37% over the past six months as e-commerce exploded during the COVID pandemic. 

Advertisement
free widgets for website

6. Up Fintech Holding | +13.42%

Up Fintech Holding  (TIGR) – Get Report, an online brokerage firm focusing on global investors, announced Tuesday that a consortium of leading institutional investors have subscribed to purchase convertible notes in an aggregate principal amount of US$90 million through a private placement.

Consummation of the placement of the convertible notes is subject to satisfaction of customary closing conditions. The convertible notes to be issued will mature in 2026 unless previously converted.

7. Roku | +12.15%

Amid strong momentum in streaming video, we’ve seen stocks for companies like Roku  (ROKU) – Get Report, Disney  (DIS,) – Get Report FuboTV  (FUBO) – Get Report, and Netflix  (NFLX) – Get Report surge.

In his “No Huddle Offense” segment, Jim Cramer said if you want to take the temperature of the market, look no further than Roku  (ROKU) – Get Report.

The stock represents a piece in the battle between secular growth stocks that do well no matter what the economy, and cyclical stocks, which only rally when the economy is doing well. Roku was booming during the pandemic and it will do well post-pandemic as well, according to Cramer. 

Advertisement
free widgets for website

8. Twitter | +10.97%

Twitter  (TWTR) – Get Report may not want in on Clubhouse, but Facebook  (FB) – Get Report certainly wants to set up a similar app all its own.

See also  Social networks face identity crisis

The rollout of Facebook’s Clubhouse rival, Hotline, follows Twitter’s decision not to move forward with a bid for Clubhouse.

Clubhouse is an invitation-only audio-chat iPhone app launched in April 2020 that operates similar to a real-time conference, party, or social gathering, but virtually, and voice only.

9. Norwegian Cruise Line | +9.70%

Norwegian Cruise Line Holdings  (NCLH) – Get Report advanced after the cruise line operator submitted a plan to U.S. health officials to restart cruising from U.S. ports beginning July 4. It’s part of a two-pronged plan to emerge from the COVID-19 shutdown.

The plan helped send its stock higher, although questions still remain on whether it can maintain momentum.

Advertisement
free widgets for website

10. Roblox Corp. | +9.62%

Roblox  (RBLX) – Get Report was rising Monday after several analysts initiated coverage of the video game platform with positive ratings a month after the company went public.

Bank of America analyst Ryan Gee initiated coverage of the company with a buy rating and a $70 price target.

11. Pinterest | +9.58%

Pinterest  (PINS) – Get Report shares rose after a report said the image-sharing social media platform was in discussions to buy VSCO (Visual Supply Company), a photography app popular with teens.

Two knowledgeable sources gave that information to The New York Times. They didn’t specify a value for the transaction. VSCO has garnered $90 million in funding and was last valued at $550 million, according to the Times.

Pinterest has soared 77% over the last six months as consumers have turned heavily to social media during the COVID pandemic.

Advertisement
free widgets for website

12. Zillow | +8.86%

“They are doing incredibly well. I don’t mind their business model,” said Cramer of Zillow  (Z) – Get Report in a Mad Money Lightning Round this past week. 

See also  Social Networking Services Market Business Growth & Manufacturers Analysis | WhatsApp ...

After the Great Depression, we saw many lasting changes in behavior, Cramer explained, and the same is true today. For example, the urban exodus is likely here to stay, and that’s great news for the homebuilders and everyone from Zillow to Tractor Supply  (TSCO) – Get Report.

13. Carnival | +8.58%

Carnival  (CCL) – Get Report was upgraded to outperform from neutral by a Credit Suisse analyst who sees a mid or late-summer cruise restart from the COVID-19 shutdown as looking increasingly likely.

Carnival said Wednesday that it would likely post a first-quarter loss of around $2 billion, but it also noted improved bookings and cash balances.

14. Crowdstrike | +8.22%

Crowdstrike  (CRWD) – Get Report announced this past week that it has been named a Leader in The Forrester Wave: External Threat Intelligence Services, Q1 2021 report

Advertisement
free widgets for website

The report identified the most significant threat intelligence service providers to evaluate the strengths and weaknesses of their solutions, including CrowdStrike’s Falcon X product suite.

CrowdStrike was also the only vendor to receive a five out of five in the Market Presence category, which is scored on a vendor’s service revenue and the number of enterprise clients.

15. Levi Strauss & Co. | +7.98%

Shares of Levi Strauss & Co.  (LEVI) – Get Report advanced Friday after the maker of iconic jeans and other clothing raised its dividend and its guidance, citing the continued rollout of COVID-19 vaccines as it reported its latest financial results.

The maker of jeans and other clothing reported better-than-expected earnings and raised its guidance, sparking a slew of price-target upgrades.

The company also increased its quarterly dividend to 6 cents a share from 4 cents, payable May 25 to holders of record May 7. 

Advertisement
free widgets for website

Nvidia and Marvell are key holdings in Jim Cramer’s Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.

Read More

Continue Reading
Advertisement free widgets for website
Click to comment

Leave a Reply

Your email address will not be published.

PINTEREST

Social Media Marketing Trends To Watch In 2022

Published

on

By

social-media-marketing-trends-to-watch-in-2022-–-alist-daily

Marketers aren’t clairvoyant but they can keep a finger on the pulse of trends. To help brands stay ahead of the competition, HubSpot Blog surveyed more than 1,000 global marketers from B2B and B2C brands and a handful of industry experts to create a 2022 marketing trends guide, covering privacy and AI to social media and SEO. Ahead we break down HubSpot’s findings on social media marketing trends.

As HubSpot notes, 79 percent of Americans have some type of social media account while there are 3.7 billion social media users worldwide, making it a regular part of people’s lives and a critical tool in enhancing any marketing strategy.

Live Content Will Be A Leading Social Media Format

Among the social media marketers HubSpot polled, 68 percent reported that audio chat rooms such as Clubhouse are the most effective social media content while 59 percent report the same for live video.

Ninety-six percent of those investing in live audio content intend on spending the same amount or more on it through 2022. Live video, on the other hand, is reported by 9 percent of respondents as driving the largest return on investment (ROI) of all social media formats. These formats enable brands to connect directly with audiences in a meet-them-where-they-are context while discussions range from current issues and events to the brand’s stance on those issues to the products and services themselves. 

The authenticity and dynamic nature of this format can’t be matched as heart-to-heart conversations may be interspersed with expert opinions, Q&A-style discussions, how-tos and entertainment.

Advertisement
free widgets for website

TikTok Will Continue To Gain Brand Interest

TikTok began to go viral roughly three years ago, sparking a new medium through which brands can connect with audiences without sounding sales-y. The social media app now boasts 1 billion global users and caters to a vast array of audiences. Having recently launched a number of advertising and marketing features for businesses and creators, TikTok has positioned itself front-and-center in the race to secure the highest quality content, the highest number of users and creators and brands that will continue engaging with it for marketing purposes.

See also  Pinterest steps up their game and introduces a live shopping feature which will offer reviews ...

Sixty-seven percent of marketers intend on increasing their TikTok investment in 2022 and 10 percent of marketers who employ some sort of social media into their overall marketing strategy intend on investing the most in TikTok throughout 2022.

Most Marketers Will Concentrate On Three To Five Social Media Platforms

Of those social media marketers polled, 64 percent use three to five platforms, 11 percent use one or two, and 7 percent use seven or more. Managing three to five platforms allows brands to expand their reach to a variety of audiences while allowing for their marketers to engage with each one without exhausting their bandwidth or producing low-quality content.

In order for a brand to determine how many platforms to be on, i.e., how able a social media marketing team will be at building an effective and engaging strategy, HubSpot suggests answering the following:

  • How many social media marketers are on your team?
  • Which social media platforms have audiences that best align with your brand’s targets?
  • How much time will it take to master a strategy on each of the platforms?
  • Which platforms, if any, will not benefit the overall marketing strategy right now?
  • Which platform’s content, if any, can be easily repurposed? (such as TikTok and YouTube Shorts)

Influencer Marketing Will Evolve From Trend To Common Marketing Tactic

When HubSpot asked global marketing professionals which trends they planned to invest in for 2022, 34 percent said influencer marketing, ranking it first and above other trends like mobile web design and short-form video marketing.

While 57 percent of respondents that currently leverage influencer marketing say influencer marketing is effective, 46 percent of them plan to increase their investments in 2022. Additionally, 11 percent say influencer marketing is the top ROI-generating trend they’ve tested.

Advertisement
free widgets for website

More than 56 percent of marketers who invest in influencer marketing work with micro-influencers, according to HubSpot.

See also  7 AM | ETV Telugu News | 16th April 2021 (Video)

Video Marketers Will Keep Content Short

HubSpot found that short-form content is the second most effective trend marketers are currently utilizing. Short-form content requires less bandwidth and aligns well with the fast-paced attention spans of online audiences in a variety of demographics

More than 31 percent of global marketers currently invest in short-form video content, 46 percent of them consider the strategy effective when it comes to performance and engagement. In addition, next year 89 percent of global marketers plan to continue investing in it or increase their investment.

Permanent Social Media Posts Could Overtake Ephemeral Content

Brands have observed that permanent social media content—namely standard posts, videos and live events that live on a platform’s feed and can be viewed again days later—might be more effective than ephemeral content such as Instagram Stories and Snapchat.

HubSpot’s survey results show that 44 percent of global marketers plan to increase their investment in permanent social media content, while 8 percent say it generates the most ROI compared to other marketing strategies they leverage. Meanwhile, 25 percent of respondents cited ephemeral content as the “least effective” trend they invested in.

Advertisement
free widgets for website

Lastly, 37 percent of marketers said they plan to decrease their investment in ephemeral content.

However, HubSpot cautions against writing off ephemeral content completely as it can still provide other brand awareness benefits and unique content experiences.

According to Kelly Hendrickson, a social media marketing manager at HubSpot, Instagram Stories’ fleeting design and fun editing options give brands a new strategy for producing content that varies from their other social media content.

See also  The best social media platform for your business

“Instagram can organically serve up a wall post across a wide span of time, so there’s less of an opportunity for brands to be timely (who wants to see New Year’s post when they’ve already given up on their resolutions?!). Since Instagram users are more active on weekdays, during the standard workday, it seems users are looking for a break,” Hendrickson said.

Hendrickson urges marketers to remember that the combination of a running clock and a lively audience presents a big opportunity for brands to lean into quick, in-the-moment content that showcases the light-hearted side of their brand, adding that succinctness and clarity are key in content.

Advertisement
free widgets for website
Continue Reading

PINTEREST

Getting the Most Out of Shopify

Published

on

By

Getting the Most Out of Shopify

The growth of your online business in Shopify significantly depends on how well you use the e-commerce platform. Unfortunately, it’s not as easy as it sounds. There’s a lot of competition in the e-commerce industry itself, and it requires patience, intentionality and transformational skills to move to the top right in the categories where you compete. Many marketers who use Shopify for eCommerce encounter strategic and tactical issues using the platform. At TopRight, we’ve studied the most common issues facing marketing executives and we provide tips and techniques to help you get the most out of Shopify. Here are a few of the most common marketing challenges you could encounter while using Shopify:

  • Mediocre sales conversion
  • Insufficient traffic to your site
  • Difficulty interpreting Shopify analytics
  • Unrealistic predictions of sales and traffic
  • Misalignment of inventory management
  • Failure to target and identify customers

Importance of a Clear Marketing Strategy

Your marketing strategy acts as a playbook for your business and how you make investments in you Shopify store. It helps keep your business pointed in the right direction and allows you to make informed decisions. Without a strategic marketing playbook, it’s easy to get lost and encounter obstructions. A stragegic playbook can help guide you to responding to challenges and navigating barriers you may encounter with your Shopify store. Specifically, it can help you:

  • Estimate sales potential
  • Promote your goods and services better
  • Attract new customers
  • Maintain good connection with existing customers

Tips on How to Get the Most Out of Shopify

Of course, understanding the analytics on your store isn’t sufficient to assure success. You need to turn data into insight and devise strategies to drive traffic and conversions. Here are a few tips to guide you through the development of a winning marketing strategy to get the most out of Shopify.

1. Invest in Your Own Shopify App

Most successful Shopify merchants have optimized their app to tell their brand story. A Shopify app is a powerful way to give customers a reason to care about your store and the products you offer. Your brand story also helps you build connections and engage with other prospects on other ecommerce platforms and social media sites. Making this simple investment enables you to connect, reach and engage more potential customers.

If building your own app is an obstacle, you can use tools like Pocketfied – an easy app builder that lets you conveniently manage your store. You can have your own published app within a day, even if you don’t have any design and coding skills.

2. Use Shopify Resources

Advertisement
free widgets for website

Shopify offers resources to help you become a more effective marketer and entrepreneur. It provides guides, podcasts, and even an eCommerce University to learn new skills. Use these resources to learn more about the Shopify platform and get ideas on how to work on the platform more effectively and efficiently.

3. Promote Your Store on Social Media

Social media networks like Facebook, Pinterest and Twitter represent significant opportunities for you to boost brand awareness and drive traffic to your store. However, social media marketing is highly saturated – it take a lot to stand out from the crowd. Many Shopify merchants use social media to showcase their goods and services. You need to develop a good and structured approach to get an edge and drive results.

See also  7 AM | ETV Telugu News | 16th April 2021 (Video)
  • Make a business page or account on all relevant social platforms.
  • Follow accounts and market to users within your target audience.
  • Integrate your shop in your accounts so shoppers can easily buy without leaving the social platform
  • Post meaningful content regularly including: videos that showcase your products; special pricing promotions; new product launches; and private/ exclusive store events

4. Leverage Email Marketing

Email remains one of the best ways to connect and engage with customers. When properly used (not abused), emails can serve as the backbone of your customer conversion strategy customer conversion strategy. Here are a few tips on how to use it appropriately:

  • Be creative with your emails so you can easily attract interest and give people a reason to care
  • Send out cart abandonment details to remind customers about incomplete or unfinished transactions.
  • Be professional and respectful – don’t send too many promotional emails. Thoughtless interruptions drive customers away.

5. Create a Website and Start Blogging

Write compelling content that will attract and encourage readers to go to your store and check out your products. Don’t just focus on your products and services. Make content about related topics and issues where you can smartly and smoothly promote your products. Think about topics that would be of interest and value to your audience. Content can be a gift if it is positioned properly with your customers.

Advertisement
free widgets for website

Research what your customers care about, what they want or what unmet needs they may have. Again, don’t overload your blog with sales messages and stories about your business. Instead, focus on the relevance of your products to your customers’ lifestyles. What can you do to make them the hero of your brand story?

6. Invest in Paid Advertisements and Affiliations

Depending on your budget, be sure to set aside some money for paid advertisements. Online advertisements, clickable or not, will drive traffic to your store and boost your store’s visibility. These are usually posted on online platforms like social media sites like Facebook, Instagram, Pinterest, etc. Additionally, you can use Google Ads to get your store to appear on the top page of search results.

You can also develop affiliations with other Shopify stores and businesses so they’ll help promote your store and products. For a small percentage of a transaction, an affiliate marketer with help will drive traffic and potential customers to your store. However, remember that you’ll be sharing your revenues or paying them for their cooperation!

The Takeaway

Story, Strategy and Systems alignment can be a heavy lift when you launch a Shopify store. There are many pitfalls and issues you may encounter. But if you focus on telling a simple story, formulating a clear strategy, and leveraging Shopify best practices, you can navigate these challenges and successfully give your customers a reason to care, listen, engage and buy from your store.

Advertisement
free widgets for website

The growth of your online business in Shopify significantly depends on how well you use the e-commerce platform. Unfortunately, it’s not as easy as it sounds. There’s a lot of competition in the e-commerce industry itself, and it requires patience, intentionality and transformational skills to move to the top right in the categories where you compete. Many marketers who use Shopify for eCommerce encounter strategic and tactical issues using the platform. At TopRight, we’ve studied the most common issues facing marketing executives and we provide tips and techniques to help you get the most out of Shopify. Here are a few of the most common marketing challenges you could encounter while using Shopify:

See also  CNN's Jake Tapper has the last laugh after Trump makes fun of his ratings
  • Mediocre sales conversion
  • Insufficient traffic to your site
  • Difficulty interpreting Shopify analytics
  • Unrealistic predictions of sales and traffic
  • Misalignment of inventory management
  • Failure to target and identify customers

Importance of a Clear Marketing Strategy

Your marketing strategy acts as a playbook for your business and how you make investments in you Shopify store. It helps keep your business pointed in the right direction and allows you to make informed decisions. Without a strategic marketing playbook, it’s easy to get lost and encounter obstructions. A stragegic playbook can help guide you to responding to challenges and navigating barriers you may encounter with your Shopify store. Specifically, it can help you:

  • Estimate sales potential
  • Promote your goods and services better
  • Attract new customers
  • Maintain good connection with existing customers

Tips on How to Get the Most Out of Shopify

Of course, understanding the analytics on your store isn’t sufficient to assure success. You need to turn data into insight and devise strategies to drive traffic and conversions. Here are a few tips to guide you through the development of a winning marketing strategy to get the most out of Shopify.

1. Invest in Your Own Shopify App

Most successful Shopify merchants have optimized their app to tell their brand story. A Shopify app is a powerful way to give customers a reason to care about your store and the products you offer. Your brand story also helps you build connections and engage with other prospects on other ecommerce platforms and social media sites. Making this simple investment enables you to connect, reach and engage more potential customers.

If building your own app is an obstacle, you can use tools like Pocketfied – an easy app builder that lets you conveniently manage your store. You can have your own published app within a day, even if you don’t have any design and coding skills.

2. Use Shopify Resources

Advertisement
free widgets for website

Shopify offers resources to help you become a more effective marketer and entrepreneur. It provides guides, podcasts, and even an eCommerce University to learn new skills. Use these resources to learn more about the Shopify platform and get ideas on how to work on the platform more effectively and efficiently.

3. Promote Your Store on Social Media

Social media networks like Facebook, Pinterest and Twitter represent significant opportunities for you to boost brand awareness and drive traffic to your store. However, social media marketing is highly saturated – it take a lot to stand out from the crowd. Many Shopify merchants use social media to showcase their goods and services. You need to develop a good and structured approach to get an edge and drive results.

See also  Why Clubhouse Media (CMGR) is a Bigger Story than You Think (FB, PINS, SNAP, CMGR, TTD ...
  • Make a business page or account on all relevant social platforms.
  • Follow accounts and market to users within your target audience.
  • Integrate your shop in your accounts so shoppers can easily buy without leaving the social platform
  • Post meaningful content regularly including: videos that showcase your products; special pricing promotions; new product launches; and private/ exclusive store events

4. Leverage Email Marketing

Email remains one of the best ways to connect and engage with customers. When properly used (not abused), emails can serve as the backbone of your customer conversion strategy customer conversion strategy. Here are a few tips on how to use it appropriately:

  • Be creative with your emails so you can easily attract interest and give people a reason to care
  • Send out cart abandonment details to remind customers about incomplete or unfinished transactions.
  • Be professional and respectful – don’t send too many promotional emails. Thoughtless interruptions drive customers away.

5. Create a Website and Start Blogging

Write compelling content that will attract and encourage readers to go to your store and check out your products. Don’t just focus on your products and services. Make content about related topics and issues where you can smartly and smoothly promote your products. Think about topics that would be of interest and value to your audience. Content can be a gift if it is positioned properly with your customers.

Advertisement
free widgets for website

Research what your customers care about, what they want or what unmet needs they may have. Again, don’t overload your blog with sales messages and stories about your business. Instead, focus on the relevance of your products to your customers’ lifestyles. What can you do to make them the hero of your brand story?

6. Invest in Paid Advertisements and Affiliations

Depending on your budget, be sure to set aside some money for paid advertisements. Online advertisements, clickable or not, will drive traffic to your store and boost your store’s visibility. These are usually posted on online platforms like social media sites like Facebook, Instagram, Pinterest, etc. Additionally, you can use Google Ads to get your store to appear on the top page of search results.

You can also develop affiliations with other Shopify stores and businesses so they’ll help promote your store and products. For a small percentage of a transaction, an affiliate marketer with help will drive traffic and potential customers to your store. However, remember that you’ll be sharing your revenues or paying them for their cooperation!

The Takeaway

Story, Strategy and Systems alignment can be a heavy lift when you launch a Shopify store. There are many pitfalls and issues you may encounter. But if you focus on telling a simple story, formulating a clear strategy, and leveraging Shopify best practices, you can navigate these challenges and successfully give your customers a reason to care, listen, engage and buy from your store.

Advertisement
free widgets for website
Continue Reading

PINTEREST

Ifeoma Ozoma: US tech whistleblower helping others speak out

Published

on

By

ifeoma-ozoma:-us-tech-whistleblower-helping-others-speak-out-–-yahoo-news

Being a whistleblower comes down to careful preparation but also an eye trained for dirty tricks, said Ifeoma Ozoma, an ex-employee of several Silicon Valley giants turned revealer of tech world wrongdoing.

“I planned it like a program or product launch. Obviously the experience is something very personal, but I approached it like work,” she told AFP.

While Facebook whistleblower Frances Haugen has become a figurehead for the fight against social media’s faults, there are others in the tech world, like Ozoma, who have also taken big risks to stand up.

An African-American, former policymaker relations specialist for Google, Pinterest and Facebook, she continues to work for ethics in tech, but from the outside, via her consulting firm Earthseed.

She has marked a first big success via the recent adoption in California of a law she co-sponsored, called “Silenced No More.”

Starting in January, this law will prohibit employers from using confidentiality clauses to prevent victims of harassment or discrimination in the workplace from speaking out.

In mid-October, she posted online a guide for whistleblowers.

“The difference with tech companies and other industries is on the power that they wield, but also they pretend they’re better for workers, consumers, society than more traditional industries,” she told AFP. “That’s just not borne out in reality.”

– Keep the emails –

A Yale University graduate in political science, the 29-year-old was born in Alaska to Nigerian immigrants.

She left Pinterest at the end of May 2020, with six months of salary, after months of making complaints internally and also to the state of California, accusing the social network of discrimination and racist retaliation.

See also  The best social media platform for your business

She said the company paid her less than if she had been a man, but she also complained about their lack of action after a colleague posted her personal details online to expose her to anonymous harassment.

In mid-June 2020, as the Black Lives Matter anti-racism movements were in full swing in the United States, her damning account on Twitter of her experience sparked a scandal for the company that had largely avoided controversy.

“Pinterest, told a number of reporters that the CEO had no knowledge of me being doxxed… and I was essentially making up a story about him being aware,” Ozoma said.

“I knew that it was something that would probably come up later. And so I had the emails,” she added.

The accused firms try to discredit whistleblowers by many means, said Libby Liu, the director of Whistleblower Aid which is working with Haugen.

“They will throw up against the wall every discrediting thing they can think of, through like every media organization on the face of the Earth,” she added.

– Losing their health insurance –

The whistleblowers that come forward often have a lot to lose.

“Just one example here in the United States — because our health care is tied to our employment — when you decide to whistle blow, you’re also making a decision for yourself and for your family to lose access to your health insurance,” Ozoma said.

“That is not a small thing to ask of people,” she added.

Whistleblower leaks and damning media reports have tarnished Big Tech’s image, but they have had limited tangible consequences for Silicon Valley.

See also  Global Digital Retailing Market by Type (Search ads, Display ads, Social media, E-mail marketing ...

In fact, Haugen’s oft-repeated accusation that Facebook puts profits over safety is not entirely new.

“There are countless nonprofit organizations and reporters, who reported on the exact same thing for years,” said Ozoma. “It remains to be seen whether anything fruitful will come of it.”

But from anti-sexism protests at Google in 2018 to warnings from former top Facebook officials, the pressure for change is steady.

After Ozoma spoke out at Pinterest, other female workers did too.

The company paid $22 million in December 2020 to Francoise Brougher, its white, former COO to settle a gender discrimination lawsuit.

Continue Reading

Trending