Social Networks

Instagram Stumbles in Push To Mimic TikTok, Internal Documents Show (wsj.com) 28

Meta Chief Executive Mark Zuckerberg is betting the social-media giant's near-term future on Instagram Reels, the short-video feature he is touting as the company's answer to TikTok. The company's internal research shows that Meta has a lot of catching up to do. From a report: Instagram users cumulatively are spending 17.6 million hours a day watching Reels, less than one-tenth of the 197.8 million hours TikTok users spend each day on that platform, according to a document reviewed by The Wall Street Journal that summarizes internal Meta research. The document, titled "Creators x Reels State of the Union 2022," was published internally in August. It said that Reels engagement had been falling -- down 13.6% over the previous four weeks -- and that "most Reels users have no engagement whatsoever." One reason is that Instagram has struggled to recruit people to make content. Roughly 11 million creators are on the platform in the U.S., but only about 2.3 million of them, or 20.7%, post on that platform each month, the document said.
Businesses

A Three-Day Work Week? One Startup Experiments To Draw Talent (bloomberg.com) 117

A shortage of technology talent has Indian companies offering sweeteners like more vacation time and gender-neutral parental leave as they compete for graduates and professionals. One Bangalore startup is trying a more dramatic solution: a three-day work week. From a report: Fintech company Slice is offering new hires a three-day week with salary at 80% of the going market rate. This is a win-win approach that frees the workers to pursue other passions or interests -- or other gigs -- while still locking in a steady pay and benefits from Slice, said Rajan Bajaj, the company's founder. "This is the future of work," Bajaj, 28, said in a phone interview. "People don't want to be tied down to a job."

Global investors are pouring billions of dollars into India's tech startups, putting entrepreneurs under pressure to ramp up teams. A massive talent crunch has ensued as IT outsourcers, Silicon Valley giants, global retailers and Wall Street banks' technology centers vie for engineering and product talent alongside hundreds of fast-growing startups. Slice is betting that its approach will make it stand apart from the competition. The company has 450 employees and wants to recruit 1,000 engineers and product managers in the next three years.

Security

Symantec Wants To Use Victims To Hunt Computer Criminals 139

Hugh Pickens writes "Business Week reports that security experts plan to recruit victims and other computer users to help them go on the offensive and hunt down hackers. '"It's time to stop building burglar alarms to keep people out and go after the bad guys," says Rowan Trollope, senior vice-president for consumer products at Symantec, the largest maker of antivirus software. Symantec will ask customers to opt in to a program that will collect data about attempted computer intrusions and then forward the information to authorities. Symantec will also begin posting the FBI's top 10 hackers and their schemes on its Web site, where customers go for software updates and next year the company will begin offering cash bounties for information leading to an arrest. The strategy has its risks as hackers who find novices on their trail may trash their computers or steal their identities as punishment. Citizen hunters could also become cybervigilantes and harm bystanders as they pursue criminals but Symantec is betting customers won't mind being disrupted if they can help snare the bad guys. "I'm convinced we can clean up the Internet in 10 years if we can peel away the dirt and show people the threats they're facing," says Trollope.'"

Open Source Venture Capitalist Answers Your Questions 38

The venture capitalist is, of course, Richard Gorman, of Bay Partners, to whom we sent your questions earlier this week. He prefaces his answers by saying: "Thanks for all of your questions. They were very insightful and I enjoyed answering them. I also want to thank Salil Deshpande of Bay Partners who contributed to these answers and provided some healthy discussion. Salil is a successful two-time entrepreneur and is very knowledgeable."

Slashdot Top Deals