Latest news with #LindaYaccarino
Yahoo
2 days ago
- Business
- Yahoo
X's Sales Pitch: Give Us Your Ad Business or We'll Sue
Elon Musk and CEO Linda Yaccarino launched a campaign to strong-arm advertisers back onto the platform.
TechCrunch
14-05-2025
- Politics
- TechCrunch
The Kids Online Safety Act is back, with the potential to change the internet
The Kids Online Safety Act (KOSA) has been reintroduced into Congress. If passed into law, this bill could impose some of the most significant legislative changes that the internet has seen in the U.S. since the Children's Online Privacy Protection Act (COPPA) of 1998. As it currently stands, KOSA would be able to hold social media platforms legally accountable if it's proven that these companies aren't doing enough to protect minors from harm. The bill includes a long list of possible harms, such as eating disorders, sexual exploitation, substance abuse, and suicide. Though it overwhelmingly passed through the Senate last year, the bill was stifled in the House. KOSA has faced much backlash since its introduction in 2022. Human rights groups like the ACLU raised concerns that the bill could be weaponized as a tool for censorship and surveillance. While amendments to KOSA have mitigated some of these concerns, groups like the Electronic Frontier Foundation and Fight for the Future have remained against the bill. 'The bill's authors have claimed over and over that this bill doesn't impact speech. But the Duty of Care is about speech: it's about blocking speech that the government believes is bad for kids,' Fight for the Future wrote in a statement. 'And the people who will be determining what speech is harmful? They are the same ones using every tool to silence marginalized communities and attack those they perceive as enemies.' However, KOSA has garnered support from companies like Microsoft, Snap, and X; X CEO Linda Yaccarino even worked with Senators Marsha Blackburn (R-TN) and Richard Blumenthal (D-CT) on the most recent draft of the bill. Google and Meta have remained opposed to the bill, but Apple announced today that it will support the legislation. 'Apple is pleased to offer our support for the Kids Online Safety Act (KOSA). Everyone has a part to play in keeping kids safe online, and we believe [this] legislation will have a meaningful impact on children's online safety,' Timothy Powderly, Apple's Senior Director of Government Affairs, said in a statement. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW
Washington Post
28-01-2025
- Business
- Washington Post
Elon Musk's X partners with Visa on payment service in an effort to become an 'everything app,'
NEW YORK — X is teaming up with Visa to soon offer a system for real-time payments on the social media platform — signaling some progress in a yearslong vision from billionaire owner Elon Musk to create an 'everything app.' Visa is the first partner for the platform's 'X Money Account' service, which is set to launch later this year, X CEO Linda Yaccarino said in a Tuesday post announcing the news. The offering, Yaccarino noted, will support an in-platform digital wallet and peer-to-peer payments connected to users' debit cards, with an option to transfer funds to a bank account.
Washington Post
28-01-2025
- Business
- Washington Post
Elon Musk's X is getting into the payments business
Elon Musk's X announced a partnership with Visa on Tuesday that would allow users of the social media platform to send money to one another, as the world's richest man makes a long-sought foray into consumer payments. X's deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account. It's expected to launch later this year, she said.
The Independent
28-01-2025
- Business
- The Independent
Elon Musk's X announces deal with Visa to launch in-app financial services
Social media site X has announced a deal with Visa as part of plans to launch a digital wallet for making instant payments on the platform. X chief executive Linda Yaccarino said in a post to the platform that Visa was the first partner for X Money, which she said will launch with an X Wallet later this year. The system will enable users to link their digital wallet with their bank account and debit card to transfer funds to and from their bank account, as well as make peer-to-peer payments. The move will be X's first into financial services, and feeds into a long-term aim of the site's owner, Elon Musk, who has spoken repeatedly of his desire to create an 'everything app', where users are able to access social media, entertainment, online shopping, communications and other services without having to leave that single app. In a post to X on the announcement, Ms Yaccarino referred to it as 'another milestone for the Everything App', adding that the X Money account would 'debut later this year'. 'First of many big announcements about X Money this year,' she said. According to reports in the US, X Money is expected to launch in the first quarter of this year, and will initially be used to allow creators on the platform to store their funds from posting and accept payments from subscribers without needing to use third parties. Visa has not yet commented on the announcement.
