SFGate: Your friends’ social media posts are making you spend more money, researchers say. “…a team of American and Canadian economists have proposed a new explanation for the declining savings rate, one rooted in individual psychology. At its heart lies a simple observation: Personal spending is a lot more visible to others than not spending. Changes in the media landscape have made other people’s spending more visible than ever. That, in turn, is making all of us spend even more – and save even less.”
Mashable: Instagram, Twitch, and other platforms helped creators make nearly $7 billion, study says. “Creators in the U.S. are earning more than ever on internet platforms like Instagram, YouTube, and Tumblr — nearly $7 billion, according to a new study. The sprawling 97-page report by the Re:Create Coalition analyzes how many people in the U.S. are creating online content, where in the country they’re located, and how much they are earning. According to the study, nearly 17 million Americans earned an estimated $6.8 billion across nine internet platforms in 2017.”
Washington Post: The U.S. government and Facebook are negotiating a record, multibillion-dollar fine for the company’s privacy lapses. “The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices, according to two people familiar with the probe. The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not yet agreed on an exact amount. Facebook has expressed initial concern with the FTC’s demands, one of the people said. If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight.”
DJ Booth: How to Release a Project In the Streaming Era on a Minimal Budget: A Guest Editorial by Spree Wilson. “When I first started in the music business at 18, the term “mini-budget” was unheard of. Working in the major label system, even a small budget could quickly balloon to the six-figure mark. Sure, streaming was starting to rear its head, but it hadn’t fully formed and placed its inevitable grip on the music industry’s neck—yet. We were still sitting pretty in the center of the ‘good ol’ days’ of the music industry as some of the OG’s like to call it. But the tides were indeed turning and they were turning fast. Fast forward to 2019, and we’re in the midst of the streaming era. Anyone with access to a computer and Wi-Fi can easily create and upload a song or full project with the push of a button (or a command to Siri). But what does it really mean to properly release a song or album these days?” This article is really good, but please note that this page does contain some NSFW words, including one word that you will not hear my white self ever say.
The Register: Google’s stunning plan to avoid apps slurping Gmail inboxes: Charge devs for security audits . “To prevent a data grabbing snafu along the lines of Facebook’s Cambridge Analytica scandal, Google is asking developers who use sensitive Gmail APIs to pay for a security audit that proves their apps play by the rules. And the cost – anywhere from $15,000 to $75,000 or more, every year – could put some smaller companies out of business.”
The Hechinger Report: College spending comes under closer scrutiny. “The American Council of Trustees and Alumni on Wednesday launched a site that makes it easy to track how your hard-earned tuition dollars are spent… It’s geared toward college trustees, lawmakers and policy wonks, who can use the site’s data to lobby for or against government spending for higher education or to compare their institution to others. But parents and students can take advantage of it as well. It’s a quick way to figure out not only how much a school costs but also how much of that cost is actually spent on classroom instruction.”
The Verge: These YouTubers are owed $1.7 million, and they’re probably never going to get it. “A group of approximately 50 YouTube creators allegedly owed more than $1.7 million following the collapse of network Defy Media are unlikely to see that money. Ally Bank, one of Defy Media’s financial backers, tweeted a statement on January 25th following a video from popular YouTube creator Matthew ‘MatPat’ Patrick asking Ally to give him and other YouTube creators the money they’re owed by Defy.”