- Since the election, millions of people have been joining alternative social media platforms like Parler that have much more lax content regulations than traditional sites.
- Last week, Parler was the most downloaded app on both Android and Apple devices, and the company’s user base more than doubled from 4.5 million to 10 million.
- Rumble, a platform that bills itself as an alternative to YouTube, has also seen a massive bump in new users, a fact that the company’s CEO credited in large part to recent traffic from Parler.
- Numerous big-name conservative influencers have been pushing their followers to join these platforms, arguing that mainstream companies like Twitter and Facebook censor their content.
- Critics say that the alternative sites are allowing misinformation, conspiracies, and hateful content to flourish, effectively creating a dangerous echo chamber where people only hear what they want.
Parler Sees Huge Boom
Millions of conservative social media users have been flocking to alternative platforms in the weeks following the election amid allegations of censorship on traditional sites like Facebook and Twitter, which have been cracking down on election misinformation.
The most significant example is Parler, a social media company founded in 2018 that markets itself as a “free speech” and unbiased alternative to Twitter and Facebook. Unlike those platforms, Parler leaves most moderation decisions up to individual users.
While it does have guidelines barring criminal activity, terrorism, child pornography, copyright violations, and fraud, the regulation of that content is done by volunteers called “community jurors,” not the platform itself.
The site, which is financially backed by a number of prominent conservative donors, has largely attracted a base of Trump supporters and right-wing users, and in the weeks since the election, the number of users has grown exponentially.
In fact, according to data from Google and other analytics firms, Parler was the most-downloaded app on both Android and Apple devices for the majority of last week, prompting the platform’s user base to more than double from 4.5 million to 10 million in that same time.
Conservative Voices Encourage Migration
Notably, Parler’s chief operating officer and co-founder Jeffrey Wernick claimed that this growth was not to due to “any one person or group, but rather to Parler’s efforts to earn our community’s trust, both by protecting their privacy, and being transparent about the way in which their content is handled on our platform.”
However, at the same time, others pointed to the fact that a number of major conservative influencers have recently encouraged their followers to switch over the platform, including the Fox Business host Maria Bartiromo, who lashed out at Twitter after the company flagged an article she posted claiming Democrats were trying to steal the election.
“This is the same group who abused power in 2016,” she tweeted two days after the election. “I will be leaving soon and going to Parler. Please open an account on @parler right away.”
Conservative radio host Mark Levin also echoed that sentiment, and encouraged his 2.7 million Twitter followers to do the same.
“Hurry and follow me at Parler,” he tweeted. “I may not stay at Facebook or Twitter if they continue censoring me. And one day I’ll have left their platforms. Parler is a wonderful alternative and is growing, and we need you there ASAP. It believes in truly open speech.”
Rumble Sees Uptick in Users
Notably, the mass exodus to Parler has not just helped the platform itself grow, but other similar platforms as well.
For example, the video-sharing site Rumble, which bills itself as an alternative to YouTube, has also seen a major spike in new users, which the company’s Chief Executive Chris Pavlovski directly attributed to traffic from Parler.
“I can confirm for the 1st time ever, Parler is sending Rumble more referral traffic than Facebook/Twitter combined,” he tweeted. “Dependency on them is now a thing of the past Next up, Rumble will dethrone YouTube.”
Pavlovski also told The Washington Post that his company has seen a big uptick in users since Election Day and that he expects the company will end the month with 80 million unique users, which is up from 60 million in October and 40 million this summer.
Rumble has been around since 2013, much longer than Parler, but the fact that its base is expected to double from what it was this summer is still incredibly significant. Part of that big increase is also due to the fact that, like Parler, major conservative influencers have been encouraging their followers to go to Rumble.
Rep. Devin Nunes (R-Ca.), a major ally of President Donald Trump, has recently been pushing his supporters to use the site. Major creators have also said they will bring their content to the platform, including Charlie Kirk, the founder of conservative youth organization Turning Point USA, as well as conservative commentator and Parler investor Dan Bongino.
Also like Parler, Rumble has very lax moderation rules. While its terms of service prohibit videos that show the assembly of weapons as well as other obscene content like pornography, nudity, or child exploitation, the platform has taken a very hands-off approach when it comes to misinformation and false claims, even regarding the election and the coronavirus.
“We don’t get involved in scientific opinions; we don’t have the expertise to do that and we don’t want to do that,” Pavlovski told The Post.
Criticisms and Concerns
However, to that point, experts who study online misinformation have said that false claims that have been removed off other platforms are popping up on Parler. The same is true for some users that have been banned by other platforms, like far-right talk-show host and conspiracy theorist Alex Jones, as well as the far-right militia group The Proud Boys, among others.
Many experts say the fact that this kind of content is thriving on Parler is cause for alarm.
“What we’ve seen in the past with some of these other fringe or alternative social media sites is, if there’s no rules and if it’s really siloed, then what happens is it gets more and more extreme,” Shannon McGregor, a professor who studies social media at the University of North Carolina, Chapel Hill, told NPR.
McGregor also specifically pointed to Gab, another alternative social network that has become well-known for hosting anti-Semitic and white nationalist content.
Even before the recent boom on Parler, critics have argued that the platform was a haven for posts that spread far-right extremism, anti-Semitism, and conspiracy theories. Now, many are worried that the rise of these alternative platforms will just create an echo chamber of people sharing that kind of content without any kind of fact-checking or warning system.
“When people see news they don’t like, they split off to start their own to confirm their bias. this splintering is dangerous — and it’s only beginning,” reporter J.D. Durkin explained on Twitter.
“I think it’s great there are more platforms in the media space than ever before — good people are earning paychecks doing what they love. what’s dangerous are the echo chambers created as a result and the toxicity against anything telling you what you don’t want to hear.”
While that is certainly an alarming possibility, especially when paired with the historical nature of these sites to slip into extremism, the big question that remains is will these platforms ever get big enough to really rival Facebook, Twitter, and YouTube?
While Parler now has 10 million users, that is still a fraction of Twitter’s 187 million daily users and Facebook’s nearly 2 billion.
Meanwhile, even the leading conservative voices that have encouraged people to switch over to Parler are still using Twitter and Facebook, including Bartiromo and Bongino, and many experts are skeptical that the conservatives with the biggest audiences will actually leave larger social media apps, even though they are telling their audiences too.
“All these people have accounts on Twitter because that’s where journalists are and that’s where the press is,” McGregor explained. “If they actually left Twitter, they would be less newsworthy.”
See what others are saying: (The Washington Post) (NPR) (Forbes)
Initial Unemployment Claims See First Rise Since April as Fed Estimates Faster Inflation Growth Than Previously Predicted
The Fed also announced that it expects to raise interest rates in 2023, a year earlier than its previous prediction.
Unemployment Claims Rise
The Labor Department reported Thursday that, for the first time in nearly two months, weekly initial unemployment claims increased.
For the week ending on June 12, 412,000 people filed first-time claims. That’s an increase of 37,000 from the previous week’s estimate of 375,000. It’s also the highest that new claims have been in a month.
Still, there are positive signs that the labor market is improving. For example, while last week’s continuing claims were largely unchanged from the previous week, the four-week moving average for continuing claims fell to its lowest level since March 2020.
The Federal Reserve is also optimistic about the labor market eventually returning to form despite the country still being short 7 million jobs. Following a two-day meeting, the central bank predicted that the unemployment rate could fall back to pre-pandemic levels by 2023.
It also expects economic growth to hit 7% this year, up from the 6.5% it predicted in March.
Inflation Will Grow Faster Than Expected
At its meeting, the Fed said it now believes inflation will climb higher than it had previously estimated just three months ago. In March, it predicted inflation would rise about 2.4% this year. As of Wednesday, it’s expecting a 3.4% jump.
That comes on the heels of a report from the Labor Department last week that indicated consumer prices climbed at their fastest rate since 2008 year-over-year in May. Like economists explained then, the Fed said it expects this rise in consumer prices to be temporary.
While the Fed expects the prices for some goods and services to continue to increase over the next few months because of issues such as supply bottlenecks, it also said it believes the labor market will continue to grow since the economy is finally coming out of its massive, pandemic-induced downturn in spending.
Still, as Fed Chair Jerome Powell warned Wednesday, “Shifts in demand can be large and rapid. Inflation could turn out to be higher and more persistent than we expect.”
Powell added that the central bank will keep a close eye on inflation and that it would respond quickly if inflation becomes broader or more persistent than current estimates.
Interest Rates Stay at Historic Lows… For Now
Among other key points from the Fed’s meeting was its decision to move up a projection for an initial interest rate hike from 2024 to 2023. Notably, it also said there could be two rate hikes in 2023.
That then caused some major stock indices like the Dow Jones to initially stumble, though the markets were more mixed Thursday. That’s likely at least partially because the Fed kept internet rates near a historically low zero for the time being, as expected.
Some Republican lawmakers, such as Sen. Rick Scott (Fl.), have argued that the 2023 projection is too slow, saying interest rates need to go up sooner to prevent inflation from rising too much.
In testimony before a Senate committee on Wednesday, Treasury Secretary Janet Yellen said the inflation situation is being monitored “very, very carefully” and that while prices are rising, they’re also moving back toward “normal” levels.
See what others are saying: (The Washington Post) (CNBC) (ABC News)
Coca-Cola Lost $4 Billion in Market Value After Cristiano Ronaldo Hid Two Bottles During a Press Conference
After the snub by Ronaldo, another soccer player hid a bottle of Heineken during a separate press conference Wednesday.
Ronaldo Pushes Away Coke Bottles
Coca-Cola’s market value fell by $4 billion after famed soccer player Cristiano Ronaldo moved two bottles of the soda off-camera during a press conference Monday.
The incident happened just before his team’s match against Hungary at the 2020 UEFA European Football Championship. After hiding the Coke bottles, Ronaldo held up an unlabeled water bottle and said “Agua,” which is Portuguese for water.
The whole moment was likely very awkward for Coke as a company considering that it’s sponsoring the tournament; however, the situation was made tangibly worse for Coke when investors reacted by selling-off stock. That move caused its market value to fall from $242 billion to $238 billion.
Alongside that $4 billion loss, its individual share value fell 1.6%, which isn’t huge but is somewhat more notable given the fact that it was seemingly caused by one person in one moment. Ronaldo doesn’t exactly have the same level of stock market influence as that of Elon Musk on the cryptocurrency markets, and on top of that, minus several blips over the last 40 years, Coke’s stock has continued to climb overall.
Still, it’s not a great look to have one of the world’s top athletes at a major sports tournament criticizing your sugary drink. That’s likely why a Coke spokesperson later said, “Everyone is entitled to their drink preferences” and everyone has different “tastes and needs.”
“Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences,” the spokesperson added.
In the long run, this isn’t the end of Coke by any means. As Yahoo Finance noted, “It’s unlikely Coke’s stock will stay in the penalty box for too long as the business begins to partake in the global economic recovery.”
Ronaldo’s Healthy Diet
Ronaldo is known for basically being a machine in human form. He reportedly eats up to six very-calculated and clean meals a day and will also nap up to five times a day.
In the past, Ronaldo has indicated that he avoids alcohol and carbonated drinks in order to stay in shape. Earlier this year, he even directly spoke out against Coca-Cola when talking about his 10-year-old son.
“I’m hard with him sometimes because he drinks Coca-Cola and Fanta sometimes and no… And no, I’m pissed with him. And [I fight] with him when he eats chips and fries and everything. You know, I don’t like it.”
Besides his fame on the field, Ronaldo is also the most-followed individual on Instagram, with 299 million followers.
Pogba Seemingly Takes a Note from Ronaldo
It’s possible Ronaldo could have started a trend among athletes of speaking out more against unhealthy drinks, even if they are sponsors of games or tournaments.
In fact, on Wednesday, French player Paul Pogba removed a bottle of Heineken from the camera’s view at the start of a separate press conference.
While it was later learned that the specific Heineken was non-alcoholic, many believe Pogba, who is a devout Muslim, didn’t know that at the time or still didn’t want to promote the brand.
See what others are saying: (Business Insider) (Yahoo Finance) (The Athletic)
Woman From Viral Gorilla Glue Incident Launches Hair Care Line
While some applauded the woman for making use of her newfound attention, others said they would not trust hair products from someone who put superglue in their own hair.
Tessica Brown Launches “Forever Hair”
Tessica Brown, the woman who got Gorilla Glue spray stuck in her hair for more than a month earlier this year, has now launched her own hair care line called “Forever Hair.”
Brown was inspired to create the line after the viral incident, which came to an end when a plastic surgeon removed the adhesive during a four-hour procedure at no cost.
The line includes an $18 growth stimulating oil formulated to help with the hair loss and scalp damage she was left with, as well as a $14 hair spray and a soon-to-be-released $13 product for sleek edge control.
In an Instagram post on Wednesday, Brown raved about how the hair growth oil, in particular, helped her over the last two months.
“I needed this oil to one, heal my scalp. I needed it to grow my hair back. I needed it to stimulated my hair follicles, and on top of that, I needed everything to be all-natural. And in this oil, it has just that,’ she claimed.
Mixed Reactions Online
The move might not come as too much of a surprise given that Brown has likely spent the last few months focusing on her hair’s health.
Still, the reactions on social media have been mixed.
Some have applauded Brown for making use of her viral attention and turning lemons into lemonade.
Meanwhile, others have noted that they are not about to trust a hair product line from someone who put superglue in their own hair. Plus, there is a chuck of people pointing to a typo on her packaging.
It’s spelled “nourishes”… siiiiigh.— Caitlin Dineen (@CaitlinDineen) June 16, 2021