Meta’s Approach to Sextortion Scams & Robinhood Goes Desktop 10/17/27

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 17 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

After years of catering to mobile traders, Robinhood is launching “Robinhood Legend,” a new platform for desktop traders. CEO and co-founder Vlad Tenev joins from the first-ever Hood Summit in Miami to discuss the new platform and explain why he’s working on a separate AI project called Harmonic. Next, Meta has rolled out a new Instagram campaign to educate teens about "sextortion" scams online. Meta’s VP & Global Head of Safety Antigone Davis discusses new safety features and the challenge of keeping Meta’s platforms safe for its youngest users. Plus, Uber has discussed a bid for travel booking company Expedia, Vice President Harris gave a contentious interview with Fox News, and Gen X is most likely to max out their credit cards. Vlad Tenev - 19:30 Antigone Davis - 30:01 In this episode: Vlad Tenev, @vladtenev Antigone Davis, @DavisAntigone Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm the NBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Robin Hood going a little old school,
0:12.0	the market trading app that has exploded allowing buys and sells anywhere on the go, has a new tool with a more classic approach.
0:19.0	CEO Vlad Tenev explains.
0:21.0	We weren't really a player in that space, but last night we announced a new platform
0:26.1	which we're calling Robin Hood Legend.
0:28.1	Plus Robin Hood's new AI project, because what's available now, well, it's just not good enough if they're going
0:34.6	to be used for anything mission critical including for financial services use
0:39.2	cases use cases in aerospace automotive then we need a much higher standard for correctness.
0:46.0	Facebook and Instagram's parent company making new moves to combat online blackmail of social media's youngest users.
0:53.2	Meta Safety Head Antigony Davis joins us.
0:56.1	We are highly focused right now on financial extortion
1:00.6	because there's been a rise of it recently.
1:04.0	Plus, Kamala Harris and the Fox's den,
1:06.0	credit card debt rising among 40 and 50-something's.
1:10.0	I thought they were millennials.
1:11.0	You know what? I give up.
1:12.9	And Uber looking to build the Everything app.
1:15.6	You're just going to talk to your phone in the future,
1:17.3	you're going to talk to some AI agent,
	...

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