Salvador Rodriguez
Salvador Rodriguez
Salvador Rodriguez is a CNBC technology reporter covering Facebook and social media. He was previously with Reuters, Inc. Magazine, the International Business Times and the Los Angeles Times. He can be reached at salvador.rodriguez@nbcuni.com or by cell or Signal at 281-409-3516.Source
San Francisco, CA
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Bezos sells more than $3 billion in Amazon shares

Bezos sells more than $3 billion in Amazon shares

Keep Me Logged InKey Points CEO this week has sold more than $3.1 billion worth of shares in his company, with the Securities and Exchange Commission compiled by OpenInsider.The sales were part of a prearranged 10b5-1 trading plan, according to the filings. , Bezos sold more than $4.1 billion worth of shares in the company. The sales this week bring his total cash out in 2020 to slightly more than $7.2 billion so far. He still owns more than 54 million shares, worth more than $170 billion, making him the richest person in the world. By way of comparison, Bezos sold $2.8 billion worth of...

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Salvador Rodriguez
3d ago
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Twitter warns about possible $250 million FTC fine

Twitter warns about possible $250 million FTC fine

Keep Me Logged InKey Points on Monday that it expects to lose as much as $250 million for using personal information users provided for security purposes to target advertising instead, after receiving a draft complaint from the Federal Trade Commission. The stock dropped about 1% after hours on the announcement.The company made the disclosure in its with the SEC, saying that, "The allegations relate to the Company's use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019. The Company estimates that...

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Salvador Rodriguez
5d ago
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Zuckerberg says there's 'no end in sight' for Facebook employees working from home

Zuckerberg says there's 'no end in sight' for Facebook employees working from home

Keep Me Logged InKey Points CEO Mark Zuckerberg on Thursday said there is no timetable for when employees will return to the company's offices amid a continuing surge in Covid-19 cases in the U.S. Zuckerberg made his comments on a call with analysts about , specifically criticizing the Trump Administration for its handling of the coronavirus. "With Covid growing quickly in the U.S., there's currently no end in sight for when our teams here will be able to return to our offices," Zuckerberg said. "It is incredibly disappointing because it seems like the U.S. could've avoided this current...

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Salvador Rodriguez
Jul 30
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Facebook says Apple's iOS 14 changes could hurt its ad targeting

Facebook says Apple's iOS 14 changes could hurt its ad targeting

Keep Me Logged InKey Points Chief Financial Officer David Wehner said on Thursday that upcoming changes to Apple's iOS 14 operating system could hurt the social network's ability to target ads to users. With the update to its mobile devices, Apple will ask users if they want to let app developers track their activity across other apps and websites. Apple has not said when iOS 14 will launch, but it's expected to roll out this year."We're still trying to understand what these changes will look like and how they will impact us and the rest of the industry, but at the very least, it's going to...

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Salvador Rodriguez
Jul 30
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TikTok CEO Kevin Mayer slams Facebook for attacks 'disguised as patriotism'

TikTok CEO Kevin Mayer slams Facebook for attacks 'disguised as patriotism'

Keep Me Logged InKey PointsTikTok CEO Kevin Mayer is accusing  of using patriotism as an unfair way to attack the Chinese-owned consumer app. "At TikTok we welcome competition. We think fair competition makes all of us better," Mayer said  note posted Wednesday. "But let's focus our energies on fair and open competition in service of our consumers, rather than maligning attacks by our competitor — namely Facebook — disguised as patriotism and designed to put an end to our very presence in the U.S."Mayer's post comes after Facebook CEO were published ahead of his  scheduled for Wednesday. In...

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Salvador Rodriguez
Jul 29
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Bill Gates: Lies spread faster than facts on social media, which is hard to police

Bill Gates: Lies spread faster than facts on social media, which is hard to police

Keep Me Logged InKey PointsBill Gates: Lies spread faster than facts on social mediaBillionaire  told CNBC that misinformation has a tendency to spread faster than the truth on social media services."When you let people communicate, you have to deal with the fact that certain incorrect things that are very titillating can spread very rapidly compared to the truth. And we've always seen that with vaccines," Gates said in an interview with CNBC's  that aired Tuesday on "." Facts travel slowly on social media compared with "negative" misinformation, which makes it difficult for companies like...

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Salvador Rodriguez
Jul 28
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Zuckerberg: Facebook will prohibit hate speech in its ads

Zuckerberg: Facebook will prohibit hate speech in its ads

Keep Me Logged InKey Points CEO Mark Zuckerberg on Friday said the company will change its policies to prohibit hate speech in its advertisements.Under its new policies, Facebook will ban ads that claim people from a specific race, ethnicity, nationality, caste, gender, sexual orientation or immigration origin are a threat to the physical safety or health of anyone else, Zuckerberg said. "I am committed to making sure Facebook remains a place where people can use their voice to discuss important issues," Zuckerberg said. "But I also stand against hate or anything that incites violence or...

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Salvador Rodriguez
Jun 26
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Mark Zuckerberg responds to upset Facebook employees, pledges to build products to 'advance racial justice'

Mark Zuckerberg responds to upset Facebook employees, pledges to build products to 'advance racial justice'

Keep Me Logged InKey PointsMark Zuckerberg on Friday responded to employees who were upset over the company's decision to not moderate or take down a controversial post in which President Donald Trump said "when the looting starts, the shooting starts."In his , Zuckerberg promised the company would review a number of its existing policies, including how the company treats content dealing with the use of police or state force and how the company treats content in countries where there is civil unrest or violent conflicts."Given the sensitive history in the US, this deserves special...

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Salvador Rodriguez
Jun 5
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Reddit co-founder Ohanian resigns from board, urges company to replace him with a black candidate

Reddit co-founder Ohanian resigns from board, urges company to replace him with a black candidate

Keep Me Logged InKey PointsReddit Co-founder Alexis Ohanian on Friday announced his resignation from the company's board, saying he was stepping down and urging the company to replace him with a black candidate."I'm writing this as a father who needs to be able to answer his black daughter when she asks: 'What did you do?'" Ohanian wrote . Ohanian, who is married to professional tennis player Serena Williams, also committed to using future gains from his Reddit stock to serve the black community and focus on curbing racial hate. To start, Ohanian said he would donate $1 million to former...

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Salvador Rodriguez
Jun 5
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Facebook's new Oversight Board isn't operational yet and won't review Trump's 'shooting starts' posts

Facebook's new Oversight Board isn't operational yet and won't review Trump's 'shooting starts' posts

Facebook’s Oversight Board, an independent body that can overturn the company’s own content moderation decisions, announced on Wednesday that it will not review a controversial post from President Donald Trump that the company has refused to take down or moderate. “How Facebook treats posts from public figures that may violate their community standards are within the scope of the Board, and are the type of highly challenging cases that the Board expects to consider when we begin operating in the coming months,” the board said in the blog post. Trump’s post, which was published last...

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Salvador Rodriguez
Jun 3
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Zuckerberg stands firm in refusal to moderate Trump despite employee walkouts and resignations

Zuckerberg stands firm in refusal to moderate Trump despite employee walkouts and resignations

Keep Me Logged InKey Points'Color of Change' president on meeting with Mark Zuckerberg CEO Mark Zuckerberg on Tuesday told employees that he was standing firm in the company's decision not to moderate a post in which President Donald Trump said "when the looting starts, the shooting starts."Zuckerberg announced this to employees during a virtual all-hands meeting on Tuesday, according to . The decision comes despite of employees, many of whom argue that the post from Trump violates Facebook's community standards, which prohibit language that incites serious violence.Brandon Dail, a Facebook...

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Salvador Rodriguez
Jun 2
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Zuckerberg says employees moving out of Silicon Valley may face pay cuts

Zuckerberg says employees moving out of Silicon Valley may face pay cuts

Facebook CEO Mark Zuckerberg on Thursday said he predicts that 50% of the company’s employees could be working remotely within the next five to 10 years. “We’re going to be the most forward-leaning company on remote work at our scale,” Zuckerberg said. The company will begin allowing certain employees to work remotely full time, he said. Those employees will have to notify the company if they move to a different location by Jan. 1, 2021. As a result, those employees may have their compensations adjusted based on their new locations, Zuckerberg said. “We’ll adjust salary to your...

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Salvador Rodriguez
May 21
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Mark Zuckerberg announces Facebook Shops, making it easier for businesses to list products for sale

Mark Zuckerberg announces Facebook Shops, making it easier for businesses to list products for sale

Keep Me Logged InKey PointsCEO Mark Zuckerberg on Tuesday announced Facebook Shops, which will make it easier for companies to list their products on and Instagram. Facebook Shops, which is free, will let businesses set up product listings on their Facebook Page, Instagram profile, Stories or in ads, the company announced. In the future, Facebook Shops will also allow businesses to sell products to customers through the chat features of WhatsApp, Messenger and Instagram Direct. They'll also be able to tag products during Facebook and Instagram livestreams, so customers can click on the tags...

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Salvador Rodriguez
May 19
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Facebook rolling out free video calling for up to 50 people

Facebook rolling out free video calling for up to 50 people

Keep Me Logged InKey PointsZoom falls after Facebook announces new group chat feature on Friday a slew of new video-calling features including Messenger Rooms, which allows users to host video calls of up to 50 people.Messenger Rooms poses an immediate threat to and , two video-calling products that have over the past month as a result of the . The new video features arrive as more users turn to Facebook apps to socialize with their friends and family while remaining in quarantine as a result of the pandemic.Shares of Zoom, which had been up 3% on the day, are now down about 5% on the...

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Salvador Rodriguez
Apr 24
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Gov. Newsom: California will need an additional 50,000 hospital beds to respond to coronavirus

Gov. Newsom: California will need an additional 50,000 hospital beds to respond to coronavirus

Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS California Gov. Gavin Newsom on Monday said the state will need an additional 50,000 hospital beds to respond to the coronavirus outbreak. "As a consequence of updating our models, we are looking to significantly increase our procurement of assets, specifically beds, throughout our healthcare delivery system," Newsom said.  The state will expand provided for the needed beds through a variety of means, Newsom said. The hospital system alone will provide for an additional 30,000 beds...

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Salvador Rodriguez
Mar 24
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Twitter is testing disappearing tweets

Twitter is testing disappearing tweets

Keep Me Logged InKey Points on Wednesday announced it will begin testing a new stories-like feature that will allow users to share content that disappears after 24 hours. The new feature, which the company is referring to as "Fleets," is rolling out only to users in Brazil, said Kayvon Beykpour, Twitter product lead. The feature could increase usage and engagement by giving casual users a way to share fleeting thoughts with less pressure and risk of sparking a negative reaction. It comes after years in which users like pro athletes, comedians and filmmakers have come under fire or lost...

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Salvador Rodriguez
Mar 4
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Facebook uses its apps to track users it thinks could threaten employees and offices

Facebook uses its apps to track users it thinks could threaten employees and offices

Keep Me Logged In|In early 2018, a user made a public threat on the social network against one of the company's offices in Europe.Facebook picked up the threat, pulled the user's data and determined he was in the same country as the office he was targeting. The company informed the authorities about the threat and directed its security officers to be on the lookout for the user."He made a veiled threat that 'Tomorrow everyone is going to pay' or something to that effect," a former Facebook security employee told CNBC.The incident is representative of the steps Facebook takes to keep its...

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Salvador Rodriguez
Feb 16
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