The company said in a blog post Wednesday it is adding “new guardrails” to ensure there are no “repeat offenders” who violate its rules, even if they are political candidates or world leaders. “The public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box,” wrote Nick Clegg, Facebook parent Meta’s vice president of global affairs.
Former President Donald Trump, who recently announced plans to run again in 2024, reportedly is urging Meta Platforms to restore his account. “We believe that the ban on President Trump’s account on Facebook has dramatically distorted and inhibited the public discourse,” a representative for Trump said in a letter to Meta, according to NBC News, which first reported on Trump’s request for his account to be reinstated.
Facebook has been making a lot of noise lately about the Journalism Competition and Preservation Act (JCPA) – a bill to level the playing field between behemoth tech platforms and your local broadcasters and news publishers. The bill would give local TV and radio stations the ability to jointly negotiate with Big Tech platforms regarding the terms by which their content may be accessed. Why is Facebook – a company whose $300 billion market cap dwarfs the entire broadcast industry – so afraid of this bill?
Facebook parent Meta is sparring with the U.S. Federal Trade Commission in federal court over its pending acquisition of a virtual reality fitness company Within Unlimited.
The ads, submitted by researchers, were rejected by YouTube and TikTok.
The job market is booming, so why is the tech industry getting hit with layoffs?
Among the mass layoffs at the company formerly known as Facebook last week are several roles that have served as a bridge between the news industry and the sprawling tech company.
Meta CEO Mark Zuckerberg announced the news today in a note to staff: “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history,” he wrote. “I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.”
TikTok and Twitter won’t take campaign money, so Meta’s social network remains the default winner, even though strategists say the platform is losing its effectiveness.
In response to stalling growth and intense competition, Facebook parent Meta is looking to reduce costs by at least 10%, people familiar with the plans said, while Google has required some employees to apply for new jobs.
Facebook has agreed to settle a long-running lawsuit over claims that the company violated users’ privacy by sharing their information with outside developers, including the defunct political consultancy Cambridge Analytica, according to court papers filed Friday.
Meta, Facebook’s parent company, shared data for the first time about the number of times it’s applied its newsworthiness allowance. The company will sometimes leave up posts that could violate its rules, if it determines the posts are newsworthy.
MENLO PARK, Calif. (AP) — Facebook parent Meta says it has removed a network of accounts linked to the Proud Boys, a far-right extremist group it banned in 2018. Meta said on Thursday that it recently uncovered and removed about 480 Facebook and Instagram accounts, pages and groups linked to the Proud Boys. That brought the […]
Even if the former president declares he’s a candidate again, the platform says it won’t speed up a decision on whether to reinstate his account.
Ahead of the 2022 midterms, political media buyers are pulling back from the social network. This is partly due to increased difficulty in targeting relevant voters with ads — both from new company policies and challenges Meta’s ad tech has faced as a result of Apple’s privacy changes.
Summer 2022 has brought waves of changes at Meta that demonstrate its deprioritization of news products, including its wind-down of payments to U.S. news publishers. In parallel, the company has been planning shifts to how it delivers content. These recent announcements have left local news publishers wondering what the changes mean for their Facebook strategies moving forward. Here’s what we know.
Meta Platforms said Thursday that most of people “do not come to Facebook for news, and as a business it doesn’t make sense to over invest in areas that don’t align with user preferences.”
Meta Platforms Inc.’s Facebook is reallocating resources from its Facebook News tab and newsletter platform Bulletin, as the company focuses more on the creator economy, senior executive Campbell Brown told employees in a memo.
Meta Platforms Inc. was sued Friday over claims that private medical data is being shared secretly with Facebook when patients access web portals for some health-care providers. Facebook’s Pixel tracking tool redirects patient communications and other supposedly “secure” information without authorization and in violation of federal and state laws, according to the lawsuit filed in San Francisco federal court as a proposed class action on behalf of millions of patients.
TikTok redefined the idea of a social media feed — can Facebook play catch-up before it’s too late?
The lawyers investigating Facebook operating chief Sheryl Sandberg’s use of corporate resources are examining behavior going back several years, said people familiar with the matter, focusing on the extent to which staffers worked on her personal projects. A number of employees have been interviewed as part of the investigation by Facebook parent Meta Platforms, the people said, adding that the review has been under way since at least last fall.
Meta Platforms Inc.’s Facebook is re-examining its commitment to paying for news, people familiar with the matter said, prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars. The company has paid average annual fees of more than $15 million to the Washington Post, just over $20 million to the New York Times and more than $10 million to The Wall Street Journal, according to people familiar with the matter.
Meta this week was hit with several lawsuits claiming that it designed Facebook and Instagram in a way that posed a risk to the health of young users. The cases, filed in nine states, all essentially claim that Facebook and Instagram designed their services to be addictive, and served potentially harmful content to teens and children.
Facebook is developing a product that will not rely on anonymized personal information from users and will be more in line with privacy guidelines set by Europe and U.S. states that have privacy regulations. “I think it will use a lot less user data visible to the advertiser,” said Marty Weintraub, Aimclear founder and Facebook expert. The product — Basic Ads — is aimed at brand advertisers wanting to build awareness. It focuses on mass marketing, similar to the way a television station targets viewers, Weintraub said.
Facebook’s chief operating officer, who helped transform the company from an upstart social network into a tech behemoth, is stepping down. She said in a Facebook post on Wednesday that she will be leaving the company this fall.
Facebook parent Meta, which also owns Instagram, said it will start releasing details in July about the demographics and interests of audiences who are targeted with ads that run on its two primary social networks. The company will also share how much advertisers spent in an effort to target people in certain states.
Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Revenue rose 7% in the quarter, marking the first time in Facebook’s 10-year history as a public company that growth has landed in the single digits. Analysts were expecting 7.8% growth.
The firm, Targeted Victory, pushed local operatives across the country to boost messages calling TikTok a threat to American children. “Dream would be to get stories with headlines like ‘From dances to danger,’ ” one campaign director said.
Handing Facebook parent Meta Platforms a defeat, a federal judge has granted class-action status to advertisers suing the company over allegedly inflated metrics.
HBO was hit with a class action lawsuit on Tuesday alleging that it shares subscribers’ viewing history with Facebook, in violation of a federal privacy law. A class action law firm, Bursor & Fisher, filed the suit in federal court in New York on behalf of two HBO Max subscribers, Angel McDaniel and Constance Simon. The suit alleges that HBO provides Facebook with customer lists, which allows Facebook to match customers’ viewing habits with their Facebook profiles.
Russia’s invasion of Ukraine is forcing big tech companies to decide how to handle state-controlled media outlets that spread propaganda and misinformation on behalf of the invaders.
The Menlo Park, Calif.-based company said it earned $10.29 billion, or $3.67 per share, in the final three months of 2021. That’s down 8% from $11.22 billion, or $3.88 per share, in the same period a year earlier. Revenue rose to 20% to $33.67 billion. Analysts, on average, were expecting earnings of $3.85 per share on revenue of $33.36 billion, according to a poll by FactSet.
U.S. antitrust officials can continue their case to break up Meta, Facebook’s parent company, a federal judge ruled on Tuesday, dealing a blow to the social media giant, which had argued the complaint should be dismissed. The decision allows federal prosecutors to try to prove their allegations that Meta has illegally abused a monopoly in the marketplace for social media — and that its subsidiaries Instagram and WhatsApp should be spun off.
Sen. Maria Cantwell (D-Wash.) has called on Federal Trade Commission Chair Lina Khan to immediately launch an investigation of “recent revelations and public documentation” that it had misled advertisers and the public in making claims about the “brand safety” and reach of its ads, which she said would violate the FTC’s prohibition on unfair and deceptive practices.
More than 200 newspapers are suing Facebook and Google, alleging that the tech titans have unfairly manipulated the advertising market, siphoning away their revenue and crippling their businesses. The lawsuits are being filed on behalf of some 30 different companies.
Ad buyers will no longer be able to use topics such as health, race or sexual orientation to target people with unwanted ads on Facebook or other Meta apps.
The social networking company has discussed opening physical stores to showcase its virtual reality and augmented reality devices.