Social Media Companies Stepping up Measures to Address Users Privacy Concerns

PALM BEACH, Florida, March 26, 2019 /PRNewswire/ -- Almost every day a report surfaces that customer data was either hacked by a third party or parties unknown, or used by the social media platform itself in ways that users feel compromised. A recent article on CNBC's website addressed consumers growing concerns over the privacy of their data. Its headline was an eye opener: "Four in 10 people have deleted a social media account in the past year due to privacy worries, study says." The article continued: "There is a serious lack of trust in social media such as Facebook and Twitter and consumers expect brands that advertise on such platforms to urgently find solutions, according to research published by public relations consultancy Edelman. Edelman surveyed 9,000 people in Brazil, Canada, China, France, Germany, India, the United Arab Emirates, U.K. and U.S. for the study that was published as part of the Cannes Lions International Festival of Creativity in France. Privacy concerns are contributing to people's distrust of social platforms, said the study by public relations consultancy Edelman, with 70 percent of respondents expecting businesses and advertisers to put pressure on social media sites." Active tech and social media companies in the markets this week include: Findit, Inc. (OTC: FDIT), Facebook, Inc. (NASDAQ: FB), Twitter, Inc. (NYSE: TWTR), Snap Inc. (NYSE: SNAP), Microsoft Corporation (NASDAQ: MSFT).

"We learned that there is a serious lack of confidence in social media in all regions of the world. This is a cry from the heart; people are scared. They are outraged about the violation of their privacy, and uncertain about the truth because of the plague of fake news," said the consultancy's president and CEO Richard Edelman in a statement emailed to CNBC. "Forty percent of those surveyed had deleted at least one social media account in the past year because of privacy concerns and 62 percent wanted more regulation of such platforms."

Findit, Inc. (OTCPK:FDIT) BREAKING NEWS: Findit, owns and operates the website Findit.com, an open source social networking platform technology site which enables users to easily transmit the same posting to social media outlet/applications at the same time, giving members a broader reach, reducing time and making the content easily searchable, today announced it will be launching its revised App in April, that will allow members to create status updates and share them to their other social accounts.

Findit's website provides every member and visitor the option to increase their online presence with each and every status update done in Findit by sharing them with your friends on Facebook (FB), your followers on Twitter (TWTR) and more through Findit Right Now, the status update feature in Findit. Members on Findit, as well as visitors, can easily increase their reach by simply sharing their status updates to Facebook, Twitter, Google My Business (GOOG), LinkedIn (MSFT), and other social networking sites. By utilizing the share features offered from each post in Findit, it empowers all members of Findit to gain a wider reach resulting in additional visibility and more exposure from every piece of content they post in Findit. The revised App will allow posts to be shared to Facebook and Twitter either when it launches or soon after. Other social sites will be added on an ongoing basis that allow Findit to post to them from the App and the website.

Anyone visiting Findit, even non-members, can see and share status updates to their own social networking accounts. Posts can be done through the Findit website or on your mobile devices with the Findit App.

The current App is being updated and looks to be live in April of 2019. You can download the current App here and when the revised version is available, members are highly encouraged to update to the latest version of the App at that time. Read this and more news for FDIT at: https://www.financialnewsmedia.com/news-fdit/   

Other recent developments in the social media industry include:

Twitter, Inc. (NYSE: TWTR) - The Drone Racing League (DRL), the world's only professional drone racing circuit, recently announced a new streaming partnership with Twitter and broadcast agreement with NBC and NBC Sports (NBCSN) to air the 2019 DRL Allianz World Championship Season. Premiering on Sunday, August 11, 2019 at 2pm ET on NBC and Twitter, DRL will extend its global reach on premier sports networks and increase access to fans of the world's fast-growing sport. Twitter's Market Cap as of 3-25-2019 is $24.876B.

Facebook, Inc. (NASDAQ: FB) recently Global communications company Viasat Inc., (VSAT) and Facebook Inc. (FB) announced a collaboration to accelerate the deployment of affordable, high-speed, high-quality internet to communities that lack reliable internet or have no connectivity at all. Viasat and Facebook are working together to make the internet accessible to more people in rural areas around the world. The collaboration will help accelerate the deployment of Viasat's market-leading satellite-enabled Community Wi-Fi hotspot service, which is an innovative, proven approach to bringing high-speed, affordable Wi-Fi directly to consumer's devices, where internet service was previously unavailable or ineffective. Facebook's Market Cap as of 3-25-2019 is $467.926B.

Microsoft Corporation (NASDAQ: MSFT) recently Microsoft Corp. and Facebook Inc. announced the formation of the Co-Packaged Optics (CPO) Collaboration. The goal of CPO is the adoption of common design elements that will provide guidance for suppliers in the design and manufacturing of co-packaged optics. CPO's intention over time is to enable an open and diverse ecosystem.

The collaboration intends to provide open specifications for design elements, including the electrical signaling interface, optical standard, optical module management interface and reliability requirements. When complete, the open specifications will enable the industry to develop a set of solutions involving switch and ASIC manufacturers, optics suppliers, CMs and others that will create the final package which can then be attached to the switch PCB. The collaboration has targeted the 51T switch generation as the tipping point for industry adoption of co-packaged optics. Microsoft's Market Cap as of 3-25-2019 is $898.109B.

Snap Inc. (NYSE: SNAP) closed down slightly on Monday at $10.72 trading over 12.3 Million shares by the market close. SNAP recently announced the appointment of Lara Sweet, Snap's current Chief Accounting Officer, as interim Chief Financial Officer and principal financial officer. Ms. Sweet's appointment follows the previously announced departure of Chief Financial Officer Tim Stone, which was planned for February 5, 2019. Ms. Sweet will report to CEO Evan Spiegel. Snap's Market Cap as of 3-25-2019 is $14.145B.

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated twenty six hundred dollars for news coverage of the current press releases issued by Findit, Inc. by the company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact email: editor@financialnewsmedia.com
+1(561)325-8757