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Inside Social (Apr 13th, 2018)

$FB (3:15 PM EST): $164.45 (+0.44%) // More info

$SNAP (3:15 PM EST): $14.73 (-1.21%) // More info

$TWTR (3:15 PM EST) $28.59  (-1.39%) // More info

New research is showing that YouTube’s channel recommendations have helped spread conspiracy theories on the platform. The research by Jonas Kaiser and Adrian Rauchfleisch is the first large analysis of automatic channel recommendations on YouTube. The researchers found that the recommendations push users to fringe and extreme channels and shine a brighter light on far-right voices than others. The concern is that the subscriptions ultimately influence the users on a variety of subjects. YouTube has also recently been criticized for its video recommendation algorithm, which critics say highlights fringe and conspiracy content. – BUZZFEED NEWS

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Facebook is facing another data-misuse investigation related to Cambridge Analytica, this time in the Philippines.The country's National Privacy Commission is the latest to launch an official inquiry; Facebook said last week that nearly 1.2 million of users in the Philippines may have had their account information accessed by Cambridge Analytica. That would be the biggest number of affected users outside the U.S.. – CNN

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More data-misuse issues will surely come to light on social media, affecting stocks, experts predict. Social-media stocks are likely to see more sell off for that reason and the recent dip in technology stock is likely not enough to lure investors back to the sector. Facebook is also not going to be the only company to run into these issues, despite being at the center of the Cambridge Analytica scandal. A "splinternet" is also predicted, referring to the fragmented, unevenly-regulated Internet around the world. - CNBC

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Twitter CEO Jack Dorsey has turned down pay from the company for the third year in a row. He’s taken no compensation for 2017, according to a proxy statement filed Wednesday with the SEC. He still owns a lot of equity in the company, which saw its stock increase by 20 percent since the start of this year. Dorsey, also the CEO of Square, owns about 18 million shares of Twitter worth about $529 million. He owns 65.5 million shares of Square currently worth $3.1 billion. - VARIETY

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Mark Zuckerberg wasn’t asked about facial recognition during this week’s congressional hearings, but he mentioned them with respect to privacy anyway. When answering questions about privacy, he noted that Facebook users should give “affirmative consent,” referring to “technologies like facial recognition.” Other companies have reported how the feature can track habits, preferences and characteristics – a component that plays heavily into privacy concerns despite its ability to also do good things such as increase safety, find missing children and speed up transactions. - FORBES

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