-- Facebookâs PR team.
[The Hustle]( Mon, Sep 18
Every time Facebook thinks theyâre out of politics⦠they get pulled right back in
Itâs been a rough couple weeks for big tech companies⦠between Uber, Equifax, and SoFi, the scandalous headlines are getting pretty tired out here in Silicon Valley.
And just when we were getting ready to do a nice little write-up about the latest AR headset, Facebook threw themselves back under the bus.
It started 2 weeks ago when the social network admitted to selling over [150k ads to a Russian âtroll farmâ]( that spread âdivisive social and political messagesâ to American voters during the 2016 election cycle.
Facebook quickly put a lid on it
Or at least, theyâre trying. Shortly after the Russia news, Facebook tightened up the rules on who and what type of content can make money through its ads.
Moving forward, publishers will have to adhere to new â[community standards]( Any content depicting natural disasters or tragedies, or that contains hate speech will be ineligible for advertising.
And just when they thought they had that nightmare under controlâ¦
*Cue anti-semitism*
If FBâs PR team wasnât already at Defcon 1, they are now: last Friday, [ProPublica discovered]( that Facebook was letting ad buyers target groups of people using user-created categories like âJew hater.â
And theyâve since temporarily suspended the ability to target users by education or employer until they can figure out how to keep people from exploiting them.
Under pressure
Facebook ad revenue is expected to grow to $205B this year, so any significant changes they make are liable to have a large economic impact on advertisers, and a social impact for the 2B users they reach.
They also risk losing millions in fines in countries like Germany where new laws can result in a max $57m penalty for companies who fail to remove hate speech within 24 hours of posting -- which, at the rate their [current fact-checkers]( are working (2 stories a day), isnât looking likely.
Not a good look for the âbookâ
Good lord thatâs a lot of Yuan
Sorry American influencers, but your sponsored Instagram stories donât hold a selfie stick to the highly lucrative world of Chinese live-streaming.
In 2016 the industry was worth over $3B increasing [180%]( from the years prior, with the projection of reaching up to [$5B]( by the end of this year, and on track for that number to be tripled by the year [2020](.
Thatâs great, but how are the streamers making that tickle cash?
Short answer: Huajiao. Long answer: emoji-like âgiftsâ from the viewers that can later be cashed in for money. [And lots of it]( (cue hip-hop air horn).
Whatâs interesting is, Chinese viewers are less enamored by mindlessly goofy check out my six pack vids (*cough* Logan Paul), and more interested in watching the mundanities of their favorite influencerâs everyday life -- i.e. singing in the shower, driving, and⦠[slurping soup](
NOT SO FAST: the government is not exactly into it
Despite the rapid growth of the industry, there are signs that itâs starting to slow down. Many of the hundreds of apps used to stream these beloved âstreamersâ that were available even a year ago are no longer supported due to the cracking down of the Chinese government.
In 2016 a formal set of censorship [regulations]( for live-streaming platforms were thrown down, giving the government the ability to reprimand streamers who were getting a little too loosey-goosey with their [content]( (if you catch our drift).
Big trouble in big China
In June, Weibo, one of Chinaâs largest social networks, was forced to cease all live-streaming content due to the posting of certain âcommentary programsâ within violation of the [regulations](.
This ban affected up to 30 other streaming platforms, ending a number of already-struggling companies in the live stream biz. Apparently, the Chinese government has some rather conservative views on what constitutes that hot NSFW content.
That being said, even if Chinaâs live streaming industry has hit a ceiling, $5B is nothing to shake a stick at.
[Power to the streamers](
Puff, puff, pass that cash
In yet another instance of investors looking to get high on weed-related technology, Eaze -- the company widely dubbed âUber for potâ -- has just raised $27m from VC firms Baily Capital, Kaya Ventures, and FJ Labs.
CEO Jim Patterson said they plan to use the new funding to expand [geographically]( and to help pay for higher-end engineering talent.
With a growth of [300%]( since last year, Eaze is chilling harder than their own customer base.
But what up with that high burn rate, bro?
According to [Market Watch]( Eaze has been burning through about $1m a month in green (cash, not weed⦠well, maybe both).
The company is rapidly expanding to new markets and trying to ship $1B worth of weed by 2020 -- though [constantly-changing legislation]( keeps impeding them as they navigate uncharted waters.
Cool as a cucumber
Big Dog Patterson claims not to be worried by this recent spending attack and is writing it all off as [growth]( (including the $10m round the company raised in 2015).
Heâs just got to hope that Amazon doesnât decide to get into the weed game anytime soon.
[Bowls and burn rates](
Who needs a therapist when youâve got Siri?
âSiri, what is the meaning of life?â implores the sage-seeking techie.
Appleâs AI assistant is bombarded with these kinds of questions so frequently, that the company is now [hiring an engineer]( with a psychology background to make Siriâs answers more compassionate.
Seeking: psychologist/engineer
Appleâs [job listing]( titled âSiri Software Engineer, Health and Wellness,â was originally posted back in April, but apparently hasnât yet been filled -- probably because itâs insanely specific.
Theyâre looking for a master algorithm builder with strong machine learning and AI chops who also just happens to have a âpeer counseling or psychology background.â
And apparently, they need these people
A 2016 Stanford [study]( found that personal voice assistants (including Siri) "responded inconsistently and incompletely to simple questions about mental health, rape, and domestic violence.â
Worse, the statement âI am depressedâ prompted a response of "Maybe it's time for you to take a break and get a change of scenery."
This job listing shows that Apple is Siri-ous about creating an AI assistant that can do more than whip out of [sassy response]( to âtalk dirty to meâ -- and that weâre increasingly leaning on them for a lot more than the weather.
[Still canât cry on its shoulder](
monday morning review
Brought to you by readers like you
Seems like weâve been doing a lot of talking lately, and weâd hate to be that one guest at the party monopolizing the dinner conversation -- so, instead of a Hustle co. update, hereâs some feedback from you guys:
Not that anyone cares, but...I really like getting these and I think your writing style is peachy keen. -- Colin K.
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The last 365 days I did nothing else than following the Lyft news to check if your prediction was true: âLyft sells within the next year. You heard it here first. Mark it down.â Unfortunately it was not. -- Karsten B.
Canât win âem all. Calling us out on our prediction a year later to the day? Makes us feel like that couple that got on Ellen for messaging each other on Tinder every year for 3 years (AKA, pretty special).
-- Lindsey, VP of Troll Response
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