Tag Archives: Mark Zuckerberg

DC Sues Zuckerberg Over Cambridge Analytica Breach

ABC News reports: Washington, D.C., Attorney General Karl Racine has sued Meta CEO Mark Zuckerberg for allegedly failing to protect consumer data following the Cambridge Analytica data leak. “The evidence shows Mr. Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading directly to the Cambridge Analytica incident,” Racine said in a statement …

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Zuckerberg Loses Billions As Meta Stock Plunges

CNN reports: Late Wednesday, Meta reported a rare drop in profits, driven by spending on its vision for a so-called metaverse while simultaneously confronting advertising challenges on its existing services. The company’s shares plummeted in after-hours trading and are continuing their steep drop on Thursday. By mid-morning, the stock was down nearly 25%, making it the worst performer in the …

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POLL: 76% Say Facebook Makes US Society Worse

CNN reports: Roughly three-quarters of adults believe Facebook is making American society worse, a new CNN poll conducted by SSRS finds, with about half saying they know somebody who was persuaded to believe in a conspiracy theory because of the site’s content. Americans say, 76% to 11%, that Facebook makes society worse, not better, according to the survey. Another 13% …

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Hebrew Speakers Mock Zuckerberg: Meta Means Dead

The BBC reports: Facebook’s announcement that it is changing its name to Meta has caused quite the stir in Israel where the word sounds like the Hebrew word for “dead”. To be precise, Meta is pronounced like the feminine form of the Hebrew word. A number of people have taken to Twitter to share their take on the name under …

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Facebook Staffers Told To Preserve Docs: “Legal Hold”

The New York Times reports: Facebook has told employees to “preserve internal documents and communications since 2016” that pertain to its businesses because governments and legislative bodies have started inquiries into its operations, according to a company email sent on Tuesday night. The move, known as a “legal hold,” follows intense media, legal and regulatory scrutiny over the social network’s …

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Facebook Weighted “Angry” Emojis To Foment Outrage

The Washington Post reports: Five years ago, Facebook gave its users five new ways to react to a post in their news feed beyond the iconic “like” thumbs-up: “love,” “haha,” “wow,” “sad” and “angry.” Behind the scenes, Facebook programmed the algorithm that decides what people see in their news feeds to use the reaction emoji as signals to push more …

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Activists Say Facebook Censored Vietnamese Dissidents

The Washington Post reports: In America, the tech CEO is a champion of free speech, reluctant to remove even malicious and misleading content from the platform. But in Vietnam, upholding the free speech rights of people who question government leaders could have come with a significant cost in a country where the social network earns more than $1 billion in …

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Facebook Spent $5M Lobbying Feds Over Last Quarter

Politico reports: Facebook outspent nearly the entire D.C. influence industry on lobbying during the quarter ending Sept. 30, putting in its second most lavish three months ever, according to new filings from the social network embroiled in damaging revelations from whistleblower Frances Haugen. The $5.1 million spree outpaces the company’s big tech peers Google, Amazon and Microsoft. In fact, the …

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REPORT: Facebook To Rebrand With New Parent Name

The Verge reports: Facebook is planning to change its company name next week to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, but could unveil sooner, is meant to signal …

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Facebook Bans Content That “Sexualizes” Celebrities

The Verge reports: Facebook announced Wednesday that it would start removing “severe sexualizing content” targeting public figures as part of a new update to its bullying and harassment policies. The policy changes also include coordinated harassment attacks against users. As part of this new policy update, Facebook said that it would remove any profiles, pages, groups, or events dedicated to …

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Zuckerberg: Whistleblower’s Claims Don’t Make Sense

Mark Zuckerberg writes on his Facebook page: Now that today’s testimony is over, I wanted to reflect on the public debate we’re in. I’m sure many of you have found the recent coverage hard to read because it just doesn’t reflect the company we know. We care deeply about issues like safety, well-being and mental health. It’s difficult to see …

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Whistleblower: Facebook Puts Profits Over Safety

The New York Times reports: John Tye, the founder of Whistleblower Aid, a legal nonprofit that represents people seeking to expose potential lawbreaking, was contacted this spring through a mutual connection by a woman who claimed to have worked at Facebook. The woman told Mr. Tye and his team something intriguing: She had access to tens of thousands of pages …

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Instagram For Kids On Hold After Critical Reports

CNBC reports: Facebook, which faced sharp criticism from lawmakers and users for its plan to develop an Instagram for kids, announced Monday it’s pausing work on the project. “While we believe building ‘Instagram Kids’ is the right thing to do, Instagram, and its parent company Facebook, will re-evaluate the project at a later date. In the interim Instagram will continue …

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BOOK: Mark Zuckerberg Made Secret Deal With Trump

The Daily Beast reports: During a meeting in Washington, D.C. in 2019, Facebook founder Mark Zuckerberg agreed to not fact-check political posts if the Trump administration would steer clear of any “heavy-handed regulations,” venture capitalist Peter Thiel told an associate, according to a new book. The associate alleged that at the meeting—which was also attended by Thiel, former President Trump, …

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Facebook Working On Forming Elections Commission

The New York Times reports: Facebook has approached academics and policy experts about forming a commission to advise it on global election-related matters, said five people with knowledge of the discussions, a move that would allow the social network to shift some of its political decision-making to an advisory body. The proposed commission could decide on matters such as the …

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Facebook Moderators Demand End To Their NDAs

The Verge reports: Facebook content moderators in Europe and the US are calling on the company to put an end to overly restrictive nondisclosure agreements that discourage people from speaking out about working conditions. In a letter addressed to Mark Zuckerberg, Sheryl Sandberg, and the CEOs of Covalen and Accenture, moderators say these NDAs aren’t limited to user data and …

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BOOK: How FB Botched Russian Election Meddling

Axios reports: “Oh f—, how did we miss this?” Facebook CEO Mark Zuckerberg asked, looking around at the somber faces of his top executives, the N.Y. Times’ Sheera Frenkel and Cecilia Kang write in their book, “An Ugly Truth: Inside Facebook’s Battle for Domination,” out Tuesday. In an excerpt provided first to Axios, the authors write that the executives met …

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Axios: Trump To Sue CEOs Of Facebook And Twitter

Axios reports: Former President Donald Trump, who has complained about censorship by social media giants, plans to announce class action lawsuits today against Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey, sources tell Axios. Why it matters: It’s the latest escalation in Trump’s yearslong battle with Twitter and Facebook over free speech and censorship. Trump is completely banned from …

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Nine Tech Moguls Made $360 Billion During Pandemic

The Washington Post reports: The wealth of nine of the country’s top titans has increased by more than $360 billion in the past year. And they are all tech barons, underscoring the power of the industry in the U.S. economy. Tesla’s Elon Musk more than quadrupled his fortune and jockeyed with Amazon’s Jeff Bezos for the title of world’s wealthiest …

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Facebook To Stop Pushing Political Content To Users

CNN Business reports: CEO Mark Zuckerberg said Facebook is considering steps it can take to reduce the amount of political content in the News Feed. “One of the top pieces of feedback that we’re hearing from our community right now is that people don’t want politics and fighting to take over their experience on our services,” Zuckerberg said. Ahead of …

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