Facebook Beefs Up Anti-Misinfo Efforts

Looking ahead to November, Facebook says it is “actively speaking with election officials about the potential of misinformation around election results as an emerging threat.” It’s the social network’s latest step to to combat election-related misinformation on its platform as the Nov. 3 election nears — one in which many voters may be submitting ballots by mail for the first time.

Facebook Extends Work-From-Home Policy Until July 2021

Facebook Deletes Trump Virus Post

The post in question featured a link to a Fox News video in which Trump says children are “virtually immune” to the virus. Facebook said Wednesday that the “video includes false claims that a group of people is immune from COVID-19 which is a violation of our policies around harmful COVID misinformation.”

With TikTok Mired In Uncertainty, Facebook Pounces With Instagram Reels

Instagram, which is owned by Facebook, rolled out a new product to compete with TikTok that lets people create 15-second videos and share them.

Australia To Make Google, Facebook Pay For News

In releasing a draft of a mandatory code of conduct, the government aims to succeed where other countries have failed in making the global digital giants pay for news siphoned from commercial media companies.

QUARTERLY REPORTS

Amid Pandemic, Mixed Earnings For Big Tech

The staggering economic fallout caused by the coronavirus pandemic was reflected in reports released Thursday from Amazon, Facebook, Apple and Google’s corporate parent, Alphabet.

The 5 Biggest Little Lies Tech CEOs Told Congress

No, Google, we’re not really in control of our data. And yes, Facebook, you profit from harmful information.

Tech Hearing Suggests Antitrust Crackdown Could Come Soon

Analysis: heated exchanges raise concern over anticompetitive behavior as chair warns of companies’ “monopoly power.”

Why The Tech Giants May Suffer Lasting Pain From Their Hill Lashing

Lawmakers investigating Facebook, Amazon, Google and Apple made it clear that their allegations of antitrust abuses come with a lengthy paper trail.

House Batters Tech CEOs, Don’t Land Many Blows

Invective flew Wednesday as legislators questioned Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple at a hearing of the House Judiciary subcommittee on antitrust. For the last year, that panel has probed the business practices of the Silicon Valley giants with an eye to determining if they need to be regulated more heavily, or even broken up.

UPDATED, WEDNESDAY, 5:54 PM ET

4 Big Tech CEOs Get Grilled By Congress

The powerful executives sought to defend their companies amid intense grilling by lawmakers on Wednesday. The executives provided bursts of data showing how competitive their markets are, and the value of their innovation and essential services to consumers. But they sometimes struggled to answer pointed questions about their business practices. They also confronted a range of other concerns about alleged political bias, their effect on U.S. democracy and their role in China.

Spotlight On 4 Big Tech CEOs Testifying Wed.

On Wednesday, Amazon CEO Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Tim Cook of Apple will answer for their companies’ practices before Congress for the first time as a group. Summoned for a House hearing, they’ll raise a hand (remotely) and swear to tell the truth, in the manner of tycoons of Wall Street or the tobacco industry in earlier high-octane televised shamings.

Disney Slashes Ad Spending On Facebook Amid Growing Boycott

Walt Disney Co. has dramatically slashed its advertising spending on Facebook Inc., according to people familiar with the situation, the latest setback for the tech giant as it faces a boycott from companies upset with its handling of hate speech and divisive content.

Hollywood Stays Away From Facebook Boycott

The entertainment business is a big advertiser but has been noticeably silent as other industries protest the social network’s handling of hate speech.

Facebook Weighs Ban On Political Ads

Facebook executives are considering a temporary ban on political advertising in the final days before the U.S. election in November as the company continues to grapple with a large advertising boycott, employee unrest and other issues related to its policies on hate speech and misinformation, according to two people familiar with the company’s thinking.

COMMENTARY

Does Mark Zuckerberg Understand How The Right To Free Speech Works?

A new audit warns that Facebook may be “driving people toward self-reinforcing echo chambers of extremism.”

Facebook Fails To Appease Boycott Organizers

Mark Zuckerberg and Sheryl Sandberg, Facebook’s top executives, engaged in “spin” during a meeting over hate speech, civil rights groups said.

Facebook Struggles To Contain Ad Boycott

 

With more than 400 brands committing to a Facebook boycott, the social giant is struggling to explain its position on hateful and hostile content.

Facebook Advertising Boycott Kicks Off

Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.

Unilever Pulls Facebook, Instagram, Twitter Ads

Escalating a battle between Madison Avenue and the social media industry, Unilever is suspending all U.S. advertising on Twitter, as well as Facebook Inc.’s Facebook and Instagram, for the rest of the year. “Given our responsibility framework and the polarized atmosphere in the U.S., we have decided that starting now through at least the end of the year, we will not run brand advertising in social-media newsfeed platforms Facebook, Instagram and Twitter in the U.S.,” the consumer goods giant stated.

Verizon Joins Facebook Ad Boycott

Verizon said on Thursday it is pulling advertising on Facebook until the company “can create an acceptable solution that makes us comfortable.” A company spokesperson said the pause applies to both Facebook and Instagram. It comes as marketers including Ben & Jerry’s, Patagonia and REI have also said they plan to pause advertising on the platforms.

Zuckerberg And Facebook Concede ‘Trust Deficit’

The #StopHateForProfit boycott organized by civil rights groups against Facebook advertising may not serve to make a dent in the tech giant’s massive revenue, at least in the short term — as various analysts continue to point out. But it’s clearly worrying CEO Mark Zuckerberg and his senior executives, who are now reaching out to major ad industry players to try to calm their growing concerns about supporting a platform that has become associated with spreading racist, violence-inciting hate messaging from President Donald Trump and right-wing extremists.

More Brands Join Facebook Boycott

Though July is typically a busy season for Ben & Jerry’s and Eddie Bauer, consumers won’t find the brands on Facebook that month. On Tuesday, both companies said they were joining the boycott against Facebook and Instagram, voicing their support for the “Stop the Hate for Profit” campaign.

What’s Facebook’s Deal With Donald Trump?

Mark Zuckerberg has forged an uneasy alliance with the Trump administration. He may have gotten too close.

Facebook Plans To Boost Workforce Diversity

In a blog post on the social network’s website, Chief Operating Officer Sandberg said Facebook will have 30% more people of color, including 30% more Black employees, in leadership positions within the next five years.

Facebook Cuts Trump Ads With Nazi Image

It took use of Nazi symbols by the Trump re-election campaign, but Facebook has now budged a bit from its “hands off” policy for political ads and speech. The platform has removed at least a few of the campaign’s ads for violating its policy against organized hate.

Facebook Takes Down Trump Ads Featuring Symbol Used By Nazis To Mark Political Prisoners

Facebook Lets You Skip Political Ads

The change lets Facebook play both sides of the debate about political advertising on social media.

Biden Preps Attack On Facebook Speech Policies

The campaign will urge its supporters to push the social media giant to strengthen its rules against misinformation and harmful comments.

Some Advertisers Take Timeout From Facebook

Ever since Mark Zuckerberg defended the platform’s hands-off policy toward posts by President Trump that contained misinformation or promoted violence, some companies are staying away.

Facebook To Label Pages And Posts From State-Controlled Media

Facebook Employees Rebel Over Mark Zuckerberg’s Refusal To Act Against Trump

Zuckerberg Distances Facebook From Twitter

Facebook Chief Executive Mark Zuckerberg distanced his company from Twitter and its fight with President Donald Trump, as the White House readied an executive order about social media companies. Trump, who accuses social media firms of bias against conservatives, without evidence, stepped up his attacks on Twitter after the company put a fact-checking label on two of his tweets about mail-in ballots on Tuesday for the first time.

Facebook Starts Planning For Permanent Remote Workers

Facebook Unveils Small Business Retail Effort

Facebook announced a new online retail initiative on Tuesday, aimed at spurring digital commerce as small businesses and retailers grapple with the economic devastation from the coronavirus crisis. Facebook Shops lets users sell goods and services online through storefronts hosted by Facebook and Instagram.

Facebook Acquires Giphy For $400 Million

Facebook has agreed to buy Giphy, the popular platform of sharable animated images, Axios has learned from multiple sources. The total deal value is around $400 million. A source close to the situation says that the two companies first began talking prior to the pandemic, although that was more about a partnership than an acquisition.

Facebook Helping Launch Tech Advocacy Group

Facebook is working behind the scenes to help launch a new political advocacy group that would combat U.S. lawmakers and regulators trying to rein in the tech industry, escalating Silicon Valley’s war with Washington at a moment when government officials are threatening to break up large companies. The organization is called American Edge, and it aims through a barrage of advertising and other political spending to convince policymakers that Silicon Valley is essential to the U.S. economy and the future of free speech.

Facebook Names Oversight Board Members Who Can Overrule Zuckerberg

Facebook’s new content oversight board will include a former head of state, a Nobel Peace Prize laureate and several constitutional law experts and rights advocates in its first 20 members, the company announced on Wednesday.

Facebook Ad Measurement Approval At Risk

Facebook is at risk of losing a key seal of approval that gives companies confidence they are getting what they pay for when it comes to advertising with the social-media giant.

QUARTERLY REPORT

Facebook 1Q Rev Stronger Than Expected

Facebook said it earned $4.9 billion, or $1.71 per share, in the January-March quarter. That’s more than double the $2.43, or 85 cents per share, it reported in the same period a year earlier. Revenue rose 18% to $17.74 billion from $15.08 billion.