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Happy Friday. No really, this time.

Social media's safety reckoning

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.

  • Facebook hosted a Safety Summit in Washington Thursday. The event was designed to offer information about their efforts around tech addiction, children's use, privacy and safety.
    • Facebook's director of research, David Ginsberg, acknowledged that well-being is a difficult area to study because so many factors are involved, from socioeconomic status to genetics. "But we know Facebook has a role, and we take that seriously."
    • Meanwhile, Axios' Kim Hart interviewed Facebook's head of global safety policy, Antigone Davis, and vice president of product management, Guy Rosen. You can watch the video here.
  • Twitter announced Thursday it's requesting a proposal on how the company can study how it affects user wellbeing.
    • In a tweetstorm, co-founder and CEO Jack Dorsey conceded that executives didn’t fully predict or understand the real-world negative consequences of its platform until now.
    • And he's asking for outside help to help measure future progress.

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.

Sara Fischer and David McCabe have more here.

Microsoft's Brad Smith: Cyber is the new war

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 rough first year as a public company
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Data: Money.net; Chart: Axios Visuals

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.

Ex-YouTube recruiter says he was fired for questioning diversity push

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.

Take Note

On Tap

Trading Places

  • Former Uber CEO Travis Kalanick joined the board of medical software maker Kareo.
  • Coursera founder Daphne Koller is leaving Calico, Alphabet's anti-aging unit, per Bloomberg.

ICYMI

After you Login

An epic Twitter exchange between two of my longtime heroes.