Social Media Daily News Roundup 01.02.19

Take a look at the failed Fyre Festival's promotional pitch to investors

This is doing the rounds on LinkedIn, it makes the whole thing even more ridiculous the pitch deck is absolute comedy gold, pending sponsors, puns and they got investment. How, make up your own minds, we took this from (Business Insider)

We dismantle Facebook’s memo defending its “Research”

Facebook  published an internal memo today trying to minimize the morale damage of TechCrunch’s investigation that revealed it’d been paying people to suck in all their phone data. (TechCrunch)

Fyre Festival promoters also collaborated with the Instagram egg

The guys who promoted Fyre Festival have had a new mission in recent weeks: trying to broker a potentially multi-million dollar deal over a photo of an egg. (The Week)

Facebook and Twitter removed hundreds of accounts linked to Iran, Russia and Venezuela

The Facebook accounts had garnered about 2 million followers and researchers say they amplified anti-west views (The Guardian)

Pitch deck: How TikTok is selling ads in Europe

TikTok, the short-form video app from Chinese tech company Bytedance, began testing ads in the U.S. and the U.K. this month. This move comes less than six months after the app combined with Musical.ly. TikTok claims to have 800 million daily active users on its “fast-growing global creation and interaction video platform” overall, according to a source. (DigiDay)