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Tag: Pinterest

  • Pinterest has its own AI assistant now

    Pinterest is adding a new way to find clothes, furniture and other sources of aesthetic inspiration through its app. It’s called Pinterest Assistant, and it’s an AI-powered search and recommendation tool that uses knowledge of your Pinterest activity to tailor its responses.

    Whereas other search features work best when you have a specific thing you’re looking for in mind, Pinterest says the Pinterest Assistant is meant to handle more open-ended requests. Asking for pillows that match your “living room decor” is supposed to be enough for the AI to surface interesting results. To do that, the Pinterest Assistant looks at the items you’ve saved and the boards you’ve created (for example, a board full of living room decor inspiration), compares it with the things Pinterest users with similar taste have saved and displays visual results tailored to you.

    You start a search with Pinterest Assistant by tapping on the mic icon. (Pinterest)

    Pinterest appears to be specifically interested in the multimodal aspect of this new feature. The main way the company imagines you’ll interact with Pinterest Assistant is via a mic icon in the Pinterest app that starts a voice search. The AI assistant then takes that audio prompt and uses it to filter and analyze visual content to find the best fit. Besides surfacing items you might not have found on your own, Pinterest says the whole process should be “closer to how people shop in real life.”

    Rolling out its own AI features puts Pinterest in an interesting place when it comes to AI content on its platform. Users have complained that the growing amount of AI-generated material on Pinterest has made it hard to find real things to buy or add to a board. In May, the company started labeling AI content in the app to make finding real items easier, and earlier in October it added a way to “dial down” the amount of AI generated content users see in the app. Pinterest Assistant isn’t necessarily a solution for an AI slop problem the company is struggling to solve, but it might help users who are sick of sifting through AI content anyway.

    Pinterest Assistant begins rolling out in beta today to users in the US who are 18 and over, with wider availability coming in the next weeks and months.

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  • My Homemade Pumpkin Bread Recipe Is Way Better than Starbucks’

    Place 2 cups granulated sugar, 1 (15-ounce) can pumpkin purée, 1/2 cup vegetable or canola oil, and 3 large eggs in a large bowl and whisk until smooth and combined. Add 1 tablespoon pumpkin pie spice, 1 1/2 teaspoons baking powder, 3/4 teaspoon baking soda, and 1/2 teaspoon kosher salt, and whisk to combine. Add 2 1/4 cups all-purpose flour and fold it in with a rubber spatula until just combined. Pour the batter into the prepared pan and spread into an even layer. Sprinkle with 1/4 cup roasted pumpkin seeds, then gently press them into the batter to ensure they stick.

    Grace Elkus

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  • Social Media Tells You Who You Are. What if It’s Totally Wrong?

    Social Media Tells You Who You Are. What if It’s Totally Wrong?

    A few years ago I wrote about how, when planning my wedding, I’d signaled to the Pinterest app that I was interested in hairstyles and tablescapes, and I was suddenly flooded with suggestions for more of the same. Which was all well and fine until—whoops—I canceled the wedding and it seemed Pinterest pins would haunt me until the end of days. Pinterest wasn’t the only offender. All of social media wanted to recommend stuff that was no longer relevant, and the stench of this stale buffet of content lingered long after the non-event had ended.

    So in this new era of artificial intelligence—when machines can perceive and understand the world, when a chatbot presents itself as uncannily human, when trillion-dollar tech companies use powerful AI systems to boost their ad revenue—surely those recommendation engines are getting smarter, too. Right?

    Maybe not.

    Recommendation engines are some of the earliest algorithms on the consumer web, and they use a variety of filtering techniques to try to surface the stuff you’ll most likely want to interact with—and in many cases, buy—online. When done well, they’re helpful. In the earliest days of photo sharing, like with Flickr, a simple algorithm made sure you saw the latest photos your friend had shared the next time you logged in. Now, advanced versions of those algorithms are aggressively deployed to keep you engaged and make their owners money.

    More than three years after reporting on what Pinterest internally called its “miscarriage” problem, I’m sorry to say my Pinterest suggestions are still dismal. In a strange leap, Pinterest now has me pegged as a 60- to 70-year-old, silver fox of a woman who is seeking a stylish haircut. That and a sage green kitchen. Every day, like clockwork, I receive marketing emails from the social media company filled with photos suggesting I might enjoy cosplaying as a coastal grandmother.

    I was seeking paint #inspo online at one point. But I’m long past the paint phase, which only underscores that some recommendation engines may be smart, but not temporal. They still don’t always know when the event has passed. Similarly, the suggestion that I might like to see “hairstyles for women over 60” is premature. (I’m a millennial.)

    Pinterest has an explanation for these emails, which I’ll get to. But it’s important to note—so I’m not just singling out Pinterest, which over the past two years has instituted new leadership and put more resources into fine-tuning the product so people actually want to shop on it—that this happens on other platforms, too.

    Take Threads, which is owned by Meta and collects much of the same user data that Facebook and Instagram do. Threads is by design a very different social app than Pinterest. It’s a scroll of mostly text updates, with an algorithmic “For You” tab and a “Following” tab. I actively open Threads every day; I don’t stumble into it, the way I do from Google Image Search to images on Pinterest. In my Following tab, Threads shows me updates from the journalists and techies I follow. In my For You tab, Threads thinks I’m in menopause.

    Wait, what? Laboratorially, I’m not. But over the past several months Threads has led me to believe I might be. Just now, opening the mobile app, I’m seeing posts about perimenopause; women in their forties struggling to shrink their midsections, regulate their nervous systems, or medicate for late-onset ADHD; husbands hiring escorts; and Ali Wong’s latest standup bit about divorce. It’s a Real Housewives-meets-elder-millennial-ennui bizarro world, not entirely reflective of the accounts I choose to follow or my expressed interests.

    Lauren Goode

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  • The 15 Best Places to Buy Kitchen Cabinet Hardware

    The 15 Best Places to Buy Kitchen Cabinet Hardware

    Shopping for cabinet hardware can be overwhelming (so many options!) and underwhelming (so many not-good options!) at the same time.
    READ MORE…

    Cambria Bold

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  • How To Clean a Keurig Coffee Machine

    How To Clean a Keurig Coffee Machine

    We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing.

    Love them or hate them, pod coffee systems have carved (and kept!) a home in the morning beverage market. If you use this type of coffee maker, you know how crucial it is to keep the system brewing without issue every morning — or maybe all day, depending on your coffee habit (no judgments here!) Could you just imagine if it worked just fine for your husband and then it stopped brewing when you tried to make your own cup? The horror!

    As irksome as it might be, keeping up a consistent cleaning schedule with your Keurig (or similar pod machines) is the secret to preventing issues like the dreaded clog. With these machines getting a lot of daily use, they can easily develop clogs that can cause the system to quit completely. No bueno. Luckily, that’s why we’re here, to equip you with the tools needed to keep the coffee flowing, uninterrupted. Here’s a quick cleaning routine to keep your machine running well.

    This Is the Best Way to Keep the Coffee Flowing

    While we offer a tutorial here to clean your Keurig with vinegar, a household staple for most of us, if you want to be really certain you’re clearing out those clogs you can opt for a descaling solution. This one is the only Keurig-approved cleaning solution for its brewers!

    What do you need to clean a Keurig?

    While cleaning a Keurig might seem like a bit of a laborious task, it’s actually a lot easier than you may think. In fact, it only requires a handful of items:

    How to Clean a Keurig Coffee Machine

    Erika Tracy

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  • The Easy Secret to the Best-Ever BBQ Chicken

    The Easy Secret to the Best-Ever BBQ Chicken

    Meghan was the Food Editor for Kitchn’s Skills content. She’s a master of everyday baking, family cooking, and harnessing good light. Meghan approaches food with an eye towards budgeting — both time and money — and having fun. Meghan has a baking and pastry degree, and spent the first 10 years of her career as part of Alton Brown’s culinary team. She co-hosts a weekly podcast about food and family called Didn’t I Just Feed You.

    Meghan Splawn

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  • You Only Need 5 Minutes (Yes, Really) to Make This Garlic Butter Shrimp

    You Only Need 5 Minutes (Yes, Really) to Make This Garlic Butter Shrimp

    We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing.

    Shrimp is a weeknight dinner superhero. It cooks quickly and is extremely versatile, yet feels like a treat every time I set it down on the dinner table. This classic recipe calls for ingredients you probably already have on hand, like butter, garlic, and lemon, which together create a saucy, Italian-leaning shrimp that’s just begging to be at the center of your plate tonight. The best part: You need just five minutes to make it.

    A Fast & Fancy Shrimp Dinner for Any Night of the Week

    Shrimp tossed in a rich garlic butter sauce is hard to compete with. This recipe is quick enough to pull off on a busy weeknight, but feels special enough for a Saturday night in, too. How you serve it is up to you. Toss it with pasta for a dish that very much resembles shrimp scampi; serve it over rice, orzo, or creamy polenta; or simply serve it straight-up in shallow bowls, with crusty bread close by to help soak up all the delicious sauce.

    This garlic butter shrimp couldn’t be easier to pull together but a few tips ensure success:

    Sheela Prakash

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  • Instacart, Ford, Pinterest, Coty, Dollar General, Intel, and More Stock Market Movers

    Instacart, Ford, Pinterest, Coty, Dollar General, Intel, and More Stock Market Movers


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  • Bank of America, Morgan Stanley, Lockheed, Masimo, Novartis, and More Stock Market Movers

    Bank of America, Morgan Stanley, Lockheed, Masimo, Novartis, and More Stock Market Movers


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  • Pinterest, Inc. (NYSE:PINS) CFO Sells $1,272,752.64 in Stock

    Pinterest, Inc. (NYSE:PINS) CFO Sells $1,272,752.64 in Stock

    Pinterest, Inc. (NYSE:PINSGet Rating) CFO Todd R. Morgenfeld sold 55,241 shares of the stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of $23.04, for a total value of $1,272,752.64. Following the completion of the transaction, the chief financial officer now directly owns 641,025 shares in the company, valued at approximately $14,769,216. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

    Pinterest Stock Performance

    Shares of NYSE:PINS opened at $24.28 on Monday. Pinterest, Inc. has a 52-week low of $16.14 and a 52-week high of $38.20. The company has a market capitalization of $16.47 billion, a P/E ratio of 346.91 and a beta of 0.98. The company has a 50-day simple moving average of $24.01 and a 200 day simple moving average of $22.59.

    Pinterest (NYSE:PINSGet Rating) last issued its earnings results on Thursday, October 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Pinterest had a net margin of 2.21% and a return on equity of 3.10%. The business had revenue of $684.55 million during the quarter, compared to the consensus estimate of $664.97 million. As a group, equities analysts forecast that Pinterest, Inc. will post -0.11 earnings per share for the current year.

    Analyst Upgrades and Downgrades

    PINS has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on shares of Pinterest from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, October 28th. Wolfe Research upgraded shares of Pinterest from a “peer perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Wednesday, September 7th. Royal Bank of Canada upped their price objective on shares of Pinterest from $23.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 28th. Guggenheim upped their price objective on shares of Pinterest to $26.00 in a research report on Tuesday, November 1st. Finally, Piper Sandler upgraded shares of Pinterest from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $30.00 in a research report on Tuesday, December 13th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.88.

    Institutional Investors Weigh In On Pinterest

    Several hedge funds have recently bought and sold shares of PINS. Financial Advocates Investment Management lifted its position in Pinterest by 2.0% during the third quarter. Financial Advocates Investment Management now owns 21,538 shares of the company’s stock worth $502,000 after acquiring an additional 432 shares during the last quarter. Capital International Sarl grew its stake in shares of Pinterest by 4.8% during the first quarter. Capital International Sarl now owns 11,867 shares of the company’s stock worth $292,000 after buying an additional 539 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Pinterest by 17.6% during the third quarter. First Horizon Advisors Inc. now owns 3,628 shares of the company’s stock worth $85,000 after buying an additional 543 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Pinterest by 1.4% during the first quarter. Wetherby Asset Management Inc. now owns 42,863 shares of the company’s stock worth $1,055,000 after purchasing an additional 573 shares during the period. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of Pinterest by 4.2% during the second quarter. Motley Fool Asset Management LLC now owns 14,993 shares of the company’s stock worth $303,000 after purchasing an additional 608 shares during the period. 71.95% of the stock is currently owned by institutional investors and hedge funds.

    Pinterest Company Profile

    (Get Rating)

    Pinterest, Inc operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find inspiration for their lives, including recipes, style and home inspiration, DIY, and others; and provides video, product, and idea pins. It shows visual machine learning recommendations based on pinners taste and interests.

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    Insider Buying and Selling by Quarter for Pinterest (NYSE:PINS)

    Receive News & Ratings for Pinterest Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Pinterest and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • EU set to bar Meta from ads based on personal data

    EU set to bar Meta from ads based on personal data

    Meta will only be able to run advertising based on personal data with users’ consent, according to a confidential EU privacy watchdog decision, a person familiar with the matter said on Tuesday, in a blow to the US social network.

    The Irish data protection agency, which oversees Meta because its European headquarters is located in Dublin, has been given a month to issue a ruling based on the European Data Protection Board’s (EDPB) binding decision.

    The EDPB will likely require the Irish body to hand out fines, the person said, asking not to be named because of the senstivity of the issue.

    Big Tech’s targeted ad model and how data is collected and used has drawn regulatory scrutiny around the world.

    Shares of the company were down 6.2% in mid-session trade. Google, Snap and Pinterest which are reliant on digital advertising, fell 2.2%, 8% and 4% respectively.

    The Irish case against Meta was triggered by a complaint by Austrian privacy activist Max Schrems in 2018.

    “Instead of having a yes/no option for personalised ads, they just moved the consent clause in the terms and conditions. This is not just unfair but clearly illegal. We are not aware of any other company that has tried to ignore the GDPR in such an arrogant way,” Schrems said in a statement.

    He said the EDPB’s ruling means that Meta must allow users to have a version of all apps that do not use personal data for ads while the company would still be allowed to use non-personal data to personalise ads or simply ask users for consent.

    The 27-country bloc’s landmark privacy rules known as the General Data Protection Regulation went into effect in 2018.

    Meta is engaging with the Irish body, a Meta spokesperson said.

    “GDPR allows for a range of legal bases under which data can be processed, beyond consent or performance of a contract. Under the GDPR there is no hierarchy between these legal bases, and none should be considered better than any other,” the spokesperson said.

    Apple’s new privacy rules, which limit digital advertisers from tracking iPhone users, have also been a blow to the Facebook parent.

    An EDPB spokeswoman declined to provide details of the decisions made. The agency said it stepped in after other national watchdogs disagreed with the Irish agency’s draft decision.

    Its draft decisions on Meta’s parent Facebook and Instagram focus on the lawfulness and transparency of processing for behavioural advertising, while its decision on WhatsApp concerns the lawfulness of processing for the purpose of the improvement of services.

    “The DPC cannot comment on the contents of the decisions at this point. We have one month to adopt the EDPB’s binding decisions and will publish details then,” the Irish Data Protection Commission said.

    Meta may have to change its business model, said Helena Brown, head of data & privacy at London-based law firm Addleshaw Goddard.

    “The direction of travel seems to be that the European regulators will not allow Meta to hide behind “provision of services” as its basis for using personal data for behavioural advertising,” she said.

    “Instead, Meta may need to change its approach to seeking clear, explicit consent instead. It will be a challenge for Meta to be able to explain its practices in a way that such consent can be lawful and well-informed,” Brown said.

    The WSJ first reported on the EDPB ruling.
     

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  • This former tech worker is helping change laws for people who get laid off | CNN Business

    This former tech worker is helping change laws for people who get laid off | CNN Business



    CNN
     — 

    Ifeoma Ozoma’s path as an advocate for tech workers started with a series of tweets one morning in June 2020.

    It was a few months after she was pushed out from her job at Pinterest, the image-sharing and social media platform. Across the United States, protests and outrage filled the streets after a White police officer in Minneapolis knelt on the neck of George Floyd for more than nine minutes, ultimately killing him.

    As companies scrambled to express their solidarity with the Black Lives Matter movement, her former employer released a statement.

    “We heard directly from our Black employees about the pain and fear they feel every day living in America,” Pinterest CEO Ben Silbermann said in the statement. “This is not just a moment in time. With everything we do, we will make it clear that our Black employees matter, Black [Pinterest users] and creators matter, and Black Lives Matter.”

    Ozoma, the daughter of Nigerian immigrants, said she wasn’t having it. She fired back with a series of tweets accusing the lifestyle company of racism, pay inequity and retaliation.

    “I shouldn’t have to share this story in the year of our Lord, 2020 — but here we are,” she tweeted. “I’m an alum of Yale, Google, FB, … etc and recently decided to leave Pinterest, which just declared ‘solidarity with BLM.’ What a joke.”

    Ozoma said her tweets broke a nondisclosure agreement she’d signed when she left the company, thrusting her into the spotlight as the latest person to speak up about alleged mistreatment within the male-dominated tech field. While she’d already left her job by then, she risked the reputation she’d built from years of work within the industry, she said.

    But instead of shrinking from the challenge, she leaned into it.

    “My entire career has been in tech and so I was very aware of the costs of speaking up, but I wasn’t afraid of it. I knew that it was what I had to do,” she said. “Fear is something I haven’t really felt since my mom died from a rare cancer when I was in college. The worst thing that could have happened already did … Pinterest could bankrupt me and make it impossible for me to be hired by any other tech companies, but they couldn’t break me. “

    Ozoma told CNN her conflict with Pinterest started after she realized she was getting paid less than half what a White male colleague earned for doing the exact same work.

    She said she raised her concerns with her employer and gave the company time to address the issues. But in March 2020, she was let go from her job at Pinterest.

    “The purpose wasn’t just, ‘let me vent,’” she said of her flurry of tweets in June 2020. “The purpose was, people need to understand that this is what’s happening. And if it happened to me with the public profile that I had within the company and outside of the company, then it can happen to anyone else.”

    Two months after Ozoma and another woman of color, Aerica Shimizu Banks, publicly accused Pinterest of racial discrimination, former chief operating officer Francoise Brougher sued the company over gender discrimination and retaliation. Pinterest later agreed to settle the lawsuit for $22.5 million, but did not admit to liability as part of the settlement.

    It later said it conducted a thorough investigation on the issues raised and concluded Ozoma and Banks were “treated fairly.”

    “We want each and every one of our employees at Pinterest to feel welcomed, valued, and respected,” a Pinterest spokesperson said in June. “We’re committed to advancing our work in inclusion and diversity by taking action at our company and on our platform. In areas where we, as a company, fall short, we must and will do better.”

    Pinterest says it has taken steps to monitor employee salaries to ensure equal pay for comparable work.

    In a separate statement to CNN late last month, Pinterest said it’s launched various diversity and inclusion measures, including pay transparency tools for employees. The company said it’s also taken steps to monitor employee salaries to ensure equal pay for comparable work.

    “We have increased the percentage of women in leadership, added board members who are committed to diversity, and we continue to set goals for increasing diversity at the company,” a Pinterest spokesperson told CNN in an email. “We … are committed to ensuring that every employee feels safe, championed, and empowered to raise any concerns about their work experience.”

    After Ozoma began tweeting about her experience at Pinterest, direct messages poured in from people facing similar frustrations at other companies, she said. She knew she had to do something about it.

    She emerged as a passionate advocate for tech workers by seeking legal protections for whistleblowers.

    Pinterest is based in San Francisco. At the time, California’s law offered some protection to employees who broke non-disclosure agreements to speak out about workplace harassment or discrimination based on sex — but not about racial discrimination, Ozoma said.

    Ozoma got busy. She began educating whistleblowers on their options, urged tech companies to rethink their policies on nondisclosure agreements and reached out to lawmakers to seek new legislation that would protect employees speaking out on all forms of discrimination.

    Ozoma worked with California state senator Connie Leyva, right, on a bill that prevents nondisclosure agreements from being used against people speaking out about workplace discrimination. California Gov. Gavin Newsom signed it into law last October.

    In California, she worked with state senator Connie Leyva on a law that prevents nondisclosure agreements from being implemented against people speaking out on any workplace discrimination, including race.

    In October last year, California Gov. Gavin Newsom signed the bill — known as the Silenced No More Act — into law.

    “California workers should absolutely be able to speak out — if they so wish — when they are a victim of any type of harassment or discrimination in the workplace,” Senator Leyva said at the time. “It is unconscionable that an employer would ever want or seek to silence the voices of survivors that have been subjected to racist, sexist, homophobic or other attacks at work.”

    Ozoma’s advocacy work has given whistleblowers a safe space to go for information.

    Around the same time Newson signed the measure into law, she launched a Tech Worker Handbook online to provide free resources for employees seeking information on how to speak out on workplace discrimination and harassment.

    “So many people reached out when I told my story, and most of them were tech workers or workers within the tech industry,” she said.

    She said she’s recruited dozens of experts and tech industry professionals to contribute to the site, saying the goal is not to encourage employees to be whistleblowers, but to provide them with information about options if they choose that path.

    After leaving Pinterest, Ozoma moved to a farm near Santa Fe, New Mexico, where she runs a tech policy consulting company and raises a flock of chickens.

    “I cannot tell someone who is supporting their kids and their partner on their health insurance … go leave your job so that your kids don’t have health insurance, so that you can feel good about speaking up,” she said.

    “It’s such an individual decision. If I had kids at the time who are on my health insurance, I probably wouldn’t have said anything.”

    Since the site launched, Ozoma said she has received hundreds of inquiries from employees seeking more details on how to disclose and fight discrimination at work. The 30-year-old mentors activists and other people fighting all over the world against workplace discrimination.

    Ozoma now runs a tech policy consulting company, Earthseed, and is the director of tech accountability at the new Center on Race and Digital Justice at the University of California, Los Angeles. This year, Time Magazine named her one of its TIME100 Next, a group of emerging leaders who are shaping the future.

    Her new role as an advocate is happening hundreds of miles away from the tech world she left behind.

    After leaving Pinterest, Ozoma moved to a farm near Santa Fe, New Mexico, where she grows her own vegetables and raises a flock of chickens nicknamed the Golden Girls.

    She said she has no plans to go back to Silicon Valley, but will keep fighting for employee rights.

    “I’m just working now from a different position on issues that really impact the industry in a way that I feel is additive,” she said.

    “I don’t think that there’s anything more fulfilling than being part of the circle of life,” she said, using a metaphor that mirrors her current life on a farm, “whether that’s watching a seed or planting a seed in the ground and watching it grow and create more seeds.”

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  • Meta, Alphabet, Pinterest shares shudder on Snap warning

    Meta, Alphabet, Pinterest shares shudder on Snap warning

    Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc blamed inflation for its slowest revenue growth since going public five years ago.

    Snap was the first major social media company to release its September-quarter earnings, and its stock tumbled 25% following the disappointing results after the bell. Snap warned that it would see no revenue growth in the normally busy holiday quarter.

    Shares of other companies that sell internet advertising also fell, with Facebook-owner Meta down about 4%, Alphabet down 2% and Pinterest losing nearly 8%. All together the sell-off in late trading erased over $40 billion in stock market value from those and other internet ad companies, including Spotify and Roku.

    Snap’s warning comes after already steep losses in shares of social media companies, with Meta down about 60% year to date, and Pinterest down almost 40%.

    Investors worry that the economy could become seriously damaged by the US Federal Reserve’s aggressive interest rate hikes aimed at cooling decades-high inflation.

    Last trading at about $8 a share, Snap’s stock has now fallen 90% from its record high close in September 2021. Snap debuted on the stock market in a hotly anticipated initial public offer in 2017 that priced its stock at $17.

    In a letter to investors, Snap said inflation caused some advertisers to reduce their marketing budgets.

    Revenue for the third quarter ended Sept. 30 was $1.13 billion, an increase of 6% from the prior-year quarter. The figure narrowly missed analyst expectations of $1.14 billion, according to Refinitiv.

    The company announced in August it would lay off 20% of all employees and discontinue projects such as gaming and a flying camera drone, in order to cut costs and steel itself against a deteriorating economy.

    Alphabet reports its quarterly results on Tuesday, followed by Meta on Wednesday.

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  • Boost Your Brand Using Social Media Platforms That Are Often Overlook

    Boost Your Brand Using Social Media Platforms That Are Often Overlook

    Opinions expressed by Entrepreneur contributors are their own.

    Did you know that there are at least 133 social media platforms in existence? Clearly, with so many, it’s not practical to be on all platforms. Therefore, it’s key for you to choose the networks that make sense for your strategically.

    Instead of focusing on the most common social media platforms out there (think , , and ), we’re going to discuss some extremely invaluable social networks that brands quite often overlook. Let’s discuss their benefits and how they can assist you in connecting with your customers, boosting and increasing leads and, thus, sales.

    1. What type of business do you have?

    Are you a (B2B) or business-to-consumer (B2C) brand? You want to establish a social media presence where your core target audience is. A B2B business, for example, fares better with networks like , where you can establish a digital relationship with key individuals within organizations you wish to enter into business with. B2C companies (especially those with physical products) can thrive on a picture-based site like or , where super fans can start discussion threads.

    Related: The Business of Harnessing the Power of Social Media

    2. Which channel best fits your social goals?

    Knowing your audience is essential, but so is being aware of your social goals. Are you looking to interact with customers and get feedback? Do you want to showcase your offerings? Or are you simply looking to sit in chat rooms to hear what the masses want? There’s a unique platform for each of these needs. Below are five such platforms and how each can align with your social media strategies.

    3. Which channels are competitors using?

    You know how the saying goes: Keep your friends close, keep your enemies closer. An easy way to see which platforms could work best for you is to simply research which networks your current competitors are active on. You’ll be able to see their engagement, the type of content that’s popular and how often you should post. Instead of trying to acquire as much social media real estate as you can, focus instead on what’s working for others.

    Now, onto platforms that brands often overlook and why they should be considered to help increase your brand awareness, reach your target audience and drive sales.

    Related: How to Succeed on Social Media By Using Your Competitors

    The world’s largest professional network: LinkedIn

    Most professionals use LinkedIn, but are you using it to boost your brand awareness? As of July 2022, there was a whopping 849.6 million worldwide users — its top users being boomers, Gen X and millennials.

    The platform gives you a powerful search engine to conduct market research and learn who’s who in your industry. It enables you to link up directly with peers you wish to collaborate with. It also acts as a lead generation funnel through features like the LinkedIn Creator Accelerator Program. Here you can learn and gain resources, such as how-to guides on building a robust newsletter list and guidance on developing content ideas to grow your audience.

    You also have the opportunity to build your brand by becoming a thought leader when you publish authoritative niche content. The best part about using LinkedIn is that you can build a massive network with just their basic free service.

    The leading local business connector: Nextdoor

    As of July 2022, Nextdoor boasted 69 million users. With a user demographic consisting of boomers, Gen X, and millennials, this B2C platform is best used by those seeking to boost brand awareness and desire to market locally.

    Founded in 2008, Nextdoor is a social networking platform explicitly designed to help people from different neighborhoods stay up to date on the latest neighborhood news and find local service-provider recommendations.

    The best way to connect with buyers is to claim your free business page. This helps you establish a presence within your local community. Secondly, you can ask loyal customers to leave recommendations to help rank your page, so your business appears in neighborhood search results.

    Stay in touch with the community through business posts where you can share news and press releases. Lastly, advertising your sales and promotions via Nextdoor Ads is a cost-effective way to generate leads and convert them into willing buyers.

    Related: Are Nextdoor Ads the Best New Way to Gain Local Customers?

    The biggest visual discovery engine: Pinterest

    Pinterest is like a storehouse of pictures. It’s a repository where you’ll find images to draw inspiration for your own campaigns. 85% of people on the platform use it as the starting point for new projects.

    The platform’s global reach means it has a strong following, with 433 million worldwide users as of July 2022. It’s a popular site among millennials, but Gen X, Gen Z, and boomers also command a strong presence.

    Pinterest is B2C-focused and can be used for brand discovery. Use it to establish and curate your brand through visual means. You can successfully leverage this social media platform by investing in quality product/service pictures and optimizing them as you upload them to Pinterest. Moreover, by ensuring your pictures link back to your website, Pinterest becomes a vehicle that drives your sales and traffic. Just look at the numbers: 80% of active Pinterest users claim to discover new products and or brands while browsing the platform.

    That’s not all, however. Thanks to Pinterest’s high domain authority, any published content on the platform has greater visibility on different search engines like Google, Bing and Yahoo.

    The new kid on the block: Clubhouse

    Clubhouse was all the rage in 2020 when the platform first launched. The audio-only app’s biggest marketing hack had been its elitist “invite-only” strategy.

    However, as the platform moved from its iOS-exclusive offering and more people joined, the hype died down. That’s not to say B2B and B2C companies can’t use it to engage the mostly millennial user base. With a strong user base of at least 10 million and a plethora of virtual discussions taking place in different rooms, there’s no shortage of places where you can learn from other professionals within your industry and the needs and wants of your consumer.

    You can also take advantage of the platform to hear reviews directly from your consumers in real time. Host live discussions, Q&A sessions and different types of virtual events. Participate in relevant conversations by joining industry-specific rooms and collaborate with peers by engaging in their conversations.

    You can gain insight into new campaigns and even products by paying attention to different niche conversations. By actively listening, you can easily identify gaps in your industry that you could potentially meet based on what people are complaining about.

    When it comes to drawing attention to your brand and generating leads, you can do this by hosting brand-affiliated interviews, fireside chats and panels. In addition, you can also sponsor room events. Team members can engage in these events if needed. Otherwise, most hosts are happy to give sponsoring brands a shoutout to promote your product or service during the session.

    Related: 5 Foolproof Ways to Generate Leads Through Social Media

    The go-to social news site and forum: Reddit

    Reddit is nearly as old as Facebook, having been founded in Medford, Massachusetts, in 2005. And like most social media apps, it is free to join hence its 48 million monthly U.S. user base. The platform is a news website-slash-social-forum making it great for both B2B and B2C brands. With 64% of Reddit’s users being 18 to 29-year-olds, the site positions itself as a powerful marketing tool if your products or services have this demographic as a target audience.

    Growing your brand on the platform can be done in various ways. You can interact with customers by asking them to share pictures of themselves for shoutouts or to win prizes, start sub-Reddit threads to discuss features of your products or answer troubleshooting questions, create sub-Reddit threads with brand-loyal super fans who’re willing to monitor and curate threads, and announce your latest news and any upcoming conferences, webinars and events.

    The point is there are more social media platforms besides Facebook, TikTok, and Instagram. So take time to develop a social media strategy for each new platform. Curate your presence within the different subcultures and communities existing online.

    Adebukola Ajao

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