Tag: influencers

A brokerage app hired an army of 1,700 influencers and misled investors on social media, regulators say—and it just got slammed with a massive fine

Regulators are taking aim at misleading investing advice on social media: Brokerage app M1 Finance just got fined $850,000 for hiring an army of influencers who advertised false claims about the company. FINRA, a government-sponsored nonprofit overseen by the SEC that regulates public brokerage firms, announced the fine Monday after an extended investigation into social […]

Stop frying toothpicks and eating them, South Korea tells Mukbang influencers

South Korea’s food ministry is telling people to stop eating toothpicks. People have been filming themselves eating toothpicks, which look like fries after being cooked. Toothpicks in South Korea are made of sweet potato or corn starch instead of wood. South Korean authorities are telling people to stop deep frying and eating their toothpicks. “This […]

Pro-Biden PAC launches $1 million campaign to pay social media influencers

LaToi Storr, a 42-year-old content creator and lifestyle blogger based in Philadelphia, normally posts Instagram and TikTok videos of local restaurants and skincare tips, mingled with some community-focused material on Black mental health care. Last fall, she started posting a new kind of message on her feeds. In an Instagram reel in October, she urged […]