The 11th Hour Dispatch – Wednesday, April 11, 2018

| April 11, 2018

Subscribe to The 11th Hour Dispatch, Karma’s new anti-newsletter newsletter.

BINGE WATCH

Bloomberg’s 24-hour Twitter only news network TicToc will be expanding to podcasts and newsletters later this month. TicToc’s podcasts, which will include news updates on the hour, will be available on Apple podcasts, Spotify, and Google Play. The network will also release an audio news digest with around five to six minutes worth of content directly from TicToc’s hourly updates on its Twitter channel. Not a lot of specifics on newsletters, but stories will be curated by editors and will include a list of daily top tweets. TicToc has quickly found its footing since its launch last December. It has already expanded to London and Hong Kong markets, and just last month at SXSW, Bloomberg Media’s Global Head of Digital M. Scott Havens said that the company is looking to move up to live event coverage on top of its current global and breaking news offering.

YOUNG MONEY

In an attempt to snag people without banking accounts, PayPal is gearing up to release a debit card that could withdraw cash from an ATM or be used to make payments in stores. The online platform has been testing traditional banking features like bank cards and Federal Deposit Insurance Corp. coverage for balances that fall within the government-set limits with a select few users, and if it’s a success, we may see these features hit the public. PayPal has already made steps to poach customers from traditional banking including the ability to make a deposit into your PayPal account by snapping a picture of a check and even small business loans. I think it goes without saying that the future of banking may not necessarily involve the Chases and Wells Fargos of the world, judging from this story, the popularity of peer-to-peer payment apps like Venmo and Zelle, and Amazon’s announcement that it will also be taking over both your first-born (legally, I have to drop a “not really” here) and your bank account.

BIG BUSINESS

If you’re just joining us, welcome. First, I hope your beauty rest was pleasant. Second, definitely-not-a-cyborg Mark Zuckerberg testified in front of Congress over the last two days regarding its handling of user data and role in the 2016 presidential election. If a two-day congressional hearing is too much for you (I can relate), here’s a TL;DR version. 1) Zuckerberg said that Facebook didn’t report Cambridge Analytica’s 2015 actions to the FTC because they considered it “a closed case.” 2) Senator Lindsey Graham and Zuckerberg went nose-to-nose regarding Graham’s question regarding Facebook’s status as a potential monopoly and it was what dreams are made of. 3) Zuckerberg affirmed that the social network is working with authorities in Robert Mueller’s investigation into Russian interference, but wouldn’t give any details, as it’s in “open session.” 4) Zuckerberg said that Facebook is welcome to regulation as long as its the “right regulation.” Also Senator John Kennedy point-blank told Zuckerberg to his face, “Your user agreement sucks,” and Twitter had an absolute field day with the whole thing if you’re in the market for a lil giggle. 

WHAT GOES AROUND

Sesame Place in Langhorne, Pennsylvania is the first amusement park to become a Certified Autism Center. The amusement park based on Sesame Street includes quiet rooms with adjustable light levels, low-sensory viewing areas and noise canceling headphones for parades, and sensory guides for all attractions that rate the experience’s touch, taste, smell, sound, and sight stimulus levels. The park is also staffed by employees that have went through special training focused on “sensory awareness, motor skills, autism overview, program development, social skills, communication, environment, and emotional awareness.” Kids will also be able to meet Julia, Sesame Street‘s first character with autism.

NOTHIN’ BUT ‘NET

Troop 6000, the first Girls Scouts troop for girls living in NYC’s shelter system, is selling cookies at the Union Square Kellogg’s pop-up from 4-6 pm until Friday. Who’s down to go load up on Samoas?

Want more news like this? Subscribe to The 11th Hour Dispatch to get the newsletter you want, need, and deserve in your inbox every night.