Happy Friday. No really, this time.
Twitter co-founder and CEO Jack Dorsey. Photo: Michael Cohen/Getty Images for The New York Times
Facebook and Twitter are continuing their efforts to show regulators and consumers that they are taking safety concerns seriously.
Wall Street so far has hardly reacted to the press, academics, parents and medical professionals that have criticized tech companies for the impact of their products on user health. But that could change if the platforms are forced to make changes that compromise user growth or engagement.
Brad Smith. Photo: Microsoft
Microsoft president Brad Smith tells Axios that 2017 was a "wake up call" and that the tech community will need to put more focus on working together to fight the security breaches.
For that and more, check out this video interview with Smith and Kim.
Snap's stock has now traded for one full year and the results have been... underwhelming.
By the numbers: The social camera company priced its IPO at $17 per share one year ago tonight, and opened trading on March 2, 2017, at $24 per share. It hit an all-time high within its first week, soon fell below its IPO price and slightly rebounded to close yesterday at $17.21 per share.
Former YouTube recruiter Arne Wilberg is suing the company, alleging that it stopped hiring white and Asian men for certain positions in an effort to shift its workforce demographics, and fired him after he raised concerns over the practices, according to the Wall Street Journal.
Why it matters: YouTube's parent company, Alphabet, is finding critics on both sides, Axios' Kia Kokalitcheva notes. Women and employees from other underrepresented groups say it's allowing hostile behaviors and unequal pay, while others say it has gone too far in its efforts to diversify its workforce, and is now discriminating against white and Asian men, as well as conservatives.
An epic Twitter exchange between two of my longtime heroes.