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Facebook whistleblower Frances Haugen will go before Congress again this week, this time offering her unique perspective on the companys moderation and policy failures as they relate to Section 230 of the Communications Decency Act, the key legal shield that protects online platforms from liability for the user-created content they host. The House Energy and []
The report detailed how Facebook failed to flag 70 percent of COVID-19 misinformation written in Spanish compared to just 29 percent in English.
Clearly the wonderful, one word, social media site, FACEBOOK is an incredibly amazing site for mankind. The FACEBOOK platform allows billions far away, friends to connect, strangers to connect, to liaise, entertain and indeed comfort each other in hard times. The Facebook site is closely monitored by its vigilant masters and Facebook staff to prevent and rid the wonderful site of hate, Read more » The post Put It On Face Book from Australian country / pop pioneer Ron E Buckpitt first appeared on PRUnderground .
The UK''s Competition and Markets Authority (CMA) is expected to reverse Facebook parent company Meta''s purchase of Giphy in the coming days, according to the Financial Times . If so, it would mark the first time that the country''s competition regulator has unwound a major tech acquisition. Meta (or Facebook, at the time) announced in May 2020 that it bought the GIF platform with the goal of rolling it into Instagram. Reports pegged the price of the deal at $400 million. The CMA raised concerns about the acquisition, however. It opened an investigation into the deal the following month. The regulator ruled in August that the deal could prevent rivals such as TikTok and Snapchat from accessing Giphy''s library of GIFs. It also said the deal could remove a potential competitor to Meta in the UK advertising sector. Meta ended Giphy''s paid ad partnerships, which the CMA said halted the company''s ad expansion, including to other countries. The watchdog suggested Meta could be forced to sell the service.

UK set to block Facebook parent Metas $315M acquisition of Giphy

06:50pm, Monday, 29'th Nov 2021 New York Post
The UK is reportedly set to block Facebook parent Meta Platforms $315 million purchase of Giphy, the popular animated GIF maker. The clampdown, which follows after the agency began investigating the acquisition in June 2020, could mark the first time ever that the British government has moved aggressively to regulate Big Tech firms. The UKs
Intersect Capital LLC lifted its position in shares of Facebook, Inc. (NASDAQ:FB) by 0.8% during the third quarter, Holdings Channel.com reports. The firm owned 14,661 shares of the social networking companys stock after buying an additional 119 shares during the quarter. Facebook accounts for 0.9% of Intersect Capital LLCs portfolio, making the stock its 19th []

How misinformation targeted at Latinos could impact coming elections

06:08pm, Monday, 29'th Nov 2021 The Christian Science Monitor
A recent wave of misinformation targeted at Latino voters, which fuel conspiracy theories, is raising concern about its effect on midterm elections. Critics are calling on Facebook to ramp up efforts to detect misinformation in multiple languages.
Stableford Capital II LLC lowered its stake in Facebook, Inc. (NASDAQ:FB) by 24.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,595 shares of the social networking companys stock after selling 4,178 shares during the period. Facebook accounts for []

How Facebook, Now Meta Platforms, Makes Money

06:00pm, Monday, 29'th Nov 2021 Seeking Alpha
There is no social platform more important to the state of contemporary journalism than Twitter. Sure, Facebook and its various appendages still send far more traffic, but that mostly affects the news business. Im talking about the news the creation, evolution, and distribution of the stories we tell about the world around us right
A Facebook user by the name Mac D Mario lived to see his wedding dream come to life thanks to a social media group dubbed African Motorcycle Diaries. In a post on November 25 just two days to his wedding, Mac shared his desired grand wedding with a brief description and attached a photo showing [] The post Boda wedding- Facebook user awarded his ultimate dream wedding appeared first on K24 TV .

Twitter CEO Jack Dorsey to step down, Parag Agrawal to be successor

05:23pm, Monday, 29'th Nov 2021 Business Recorder
Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role and Chief Technology Officer Parag Agrawal will become his successor, Twitter announced on Monday. Dorsey''s departure marks the end of his second CEO stint at the social networking site, and he leaves at a time when Twitter has made headlines for its renewed pace of product launches after years of criticism that the site had fallen behind larger rivals like Facebook and new social media apps such as TikTok in innovation. Despite the quickened pace of new features, shares of Twitter have slumped in recent months, adding pressure on Dorsey to end his unusual arrangement of being CEO of two companies. Dorsey is stepping down now because he feels confident about his successor, and will focus on his payments processing firm Square Inc and other pursuits such as philanthropy, a source familiar with the matter told Reuters. China''s Twitter-like Weibo plans $547mn Hong Kong listing The company''s board has been preparing for Dorsey''s departure since last year, the source said.

Vaccine chosen by Merriam-Webster as the 2021 word of the year

05:14pm, Monday, 29'th Nov 2021 Chicago Sun-Times
Vaxzevria COVID-19 vaccine, previously COVID-19 Vaccine AstraZeneca, are pictured at the Assad Iben El Fourat school in Oued Ellil, outside Tunis, on Aug.8, 2021. | Hassene Dridi/AP The word beat out insurrection, infrastructure, perseverance and nomad to win the top honors. NEW YORK With an expanded definition to reflect the times, Merriam-Webster has declared an omnipresent truth as its 2021 word of the year: vaccine. This was a word that was extremely high in our data every single day in 2021, Peter Sokolowski, Merriam-Websters editor-at-large, told The Associated Press ahead of Mondays announcement. It really represents two different stories. One is the science story, which is this remarkable speed with which the vaccines were developed. But theres also the debates regarding policy, politics and political affiliation. Its one word that carries these two huge stories, he said. The selection follows vax as word of the year from the folks who publish the Oxford English Dictionary.
A TECH expert is warning that if youre one of the 1.3 billion Facebook Messenger users youre in for some seriously bad news. The bad news is that Meta Platforms, which owns Facebook, has confirmed that some critical security updates will be delayed. The tech giant has confirmed that end-to-end encryption on the platform wont []

Twitters CEO is stepping down. Heres what we know

04:29pm, Monday, 29'th Nov 2021 Deseret
Twitter CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Commerce Committee on Capitol Hill, in Washington on Oct. 28, 2020, | Michael Reynolds, pool photo via AP Multiple reports suggest Twitter CEO Jack Dorsey will step down Twitter CEO Jack Dorsey has stepped down from his position, sources told CNBC. Dorsey was the CEO of Twitter and Square, a digital payments company. Twitter Chief Technology Officer Parag Agrawal will replace Dorsey, per The Verge. Dorsey explained his reasoning for stepping down in a social media post: not sure anyone has heard but, I resigned from Twitter pic.twitter.com/G5tUkSSxkl jack (@jack) November 29, 2021 Sources told The New York Times that Dorsey might make the announcement Monday. According to CNN , Twitters stock soared by 10% after the news of Dorsey stepping down. Dorsey has a storied history with Twitter. He was fired from the top position in the company in 2008 but was hired back in 2015. Dorsey has led the company during tumultuous times in recent months, including incidents of misinformation amid the 2016 and 2020 elections as well as the coronavirus pandemic. As a founder and inventor of the product, Jack knows more about Twitter than anyone else, said Peter Currie, the Twitter director, back in 2015 when Twitter brought back Dorsey.
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