EU privacy regulators have ruled that Facebook and Instagram cannot or should not require users to accept personalized ads just because they show up and start using the platform. The final ruling would be left in the hands of Ireland's data protection commission to issue public orders and maybe fines. We also talk about Semaphore's climate editor leaving that publication after just a few months of its existence over Chevron sponsoring his content. And tee up some crypto craziness for later this week with our guys, Sunny and Vinnie.
First up, Molly breaks down some news stories, including Meta's ad troubles in Europe (1:24) and Semafor's saga with its climate editor departing. (9:51) Then, Jason answers questions from founders! (20:25) Finally, Producer Rachel joins Molly to discuss what happened with Hive Social. (32:10)
(0:00) Molly tees up today's segments!
(1:24) Molly covers Meta's targeted ad troubles in Europe - are we headed for a new standard for ad-based business models?
(8:24) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(9:51) Breaking down Semafor parting ways with its climate editor and a major crypto lending business is stopping its US operations
(19:12) LinkedIn Jobs - Post your first job for free at https://linkedin.com/twist
(20:25) Ask Jason! What percentage of equity should a startup give to an advisor?
(27:22) Ask Jason! General advice for founders pitching investors?
(29:31) Ask Jason! In this environment, should early-stage startups focus on profitability from day one?
(32:10) Rachel Reporting: Molly and Producer Rachel break down what happened with Hive Social and discuss broadcast platforms vs consumption platforms
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