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Zuckerberg Fires Back in Announcing $9B Earnings

Facebook CEO says younger users will become the priority

(Newser) - Facebook delivered a third-quarter earnings report Monday that exceeded analysts' expectations, though revenue was off. The company reported, per MarketWatch : Stronger earnings. Facebook said quarterly earnings hit $9.19 billion for the quarter, or $3.22 a share; that figure was $2.71 a share a year ago. Weaker revenue....

Facebook Whistleblower to UK Lawmakers: 'It's Making Hate Worse'

Frances Haugen speaks to committee preparing social media crackdown

(Newser) - Facebook whistleblower Frances Haugen told British lawmakers Monday that the social media giant stokes online hate and extremism, fails to protect children from harmful content, and lacks any incentive to fix the problems—testimony that provides strong momentum for efforts by European governments working on stricter regulation of tech giants....

Facebook Employees Raised Alarms About Far-Right Sites

And more on the controversial social network

(Newser) - In the latest edition of its ongoing "Facebook Files" series, the Wall Street Journal takes a look at a trove of internal message-board conversations that reveal strife at the social media company over its treatment of Breitbart and other conservative news sites. Employees regularly questioned Breitbart's inclusion on...

New Facebook Whistleblower Supports Other's Testimony

Washington Post interviews former employee

(Newser) - Another former Facebook employee has told the SEC that profit and growth are more important to the company than stopping misinformation and hate speech. The allegations by a former member of Facebook's Integrity team were made in a new affidavit for the Securities and Exchange Commission, which carries penalties...

Frances Haugen's Fight Has a Billionaire Backer

EBay founder Pierre Omidyar's organizations are giving financial support to Facebook whistleblower

(Newser) - Frances Haugen's fight against Facebook is receiving funding from a billionaire: tech critic and eBay founder Pierre Omidyar. Omidyar's global philanthropic organization Luminate gave $150,000 last year to nonprofit Whistleblower Aid, which is handling Haugen's legal representation , Politico reports. However, Whistleblower Aid is also seeking donations...

Donald Trump&#39;s Social Media Platform Is Coming
Introducing
Donald Trump's
Social Media Platform
THE RUNDOWN
Oct 21, 2021 1:17 AM CDT

Introducing Donald Trump's Social Media Platform

TRUTH Social is coming next month

(Newser) - Former President Trump's long-promised social media platform will be here soon. Trump announced the forthcoming launch of TRUTH Social in a press release Wednesday, saying the site's parent company, the newly created Trump Media & Technology Group, aims to "create a rival to the liberal media consortium...

Facebook May Not Be Facebook Much Longer

Per Verge report, Zuckerberg may announce name change next week for parent company

(Newser) - If Facebook was trying to spin attention away from its recent woes by stirring up talk of its planned "metaverse" on Monday, Tuesday brought more of the same. This time, the whispers emerge from the Verge , which late last night cited a source claiming that CEO Mark Zuckerberg will...

Behold, Facebook Is Building a &#39;Metaverse&#39;
Behold, Facebook Is
Building a 'Metaverse'
THE RUNDOWN
Oct 19, 2021 9:20 AM CDT

Behold, Facebook Is Building a 'Metaverse'

Company touts concept of a massive shared virtual world, but critics have some questions

(Newser) - In his 1992 sci-fi novel, Snow Crash , Neal Stephenson mentions a concept called the "Metaverse," a giant, shared virtual world combining augmented reality with virtual reality, where users appear as avatars and access this new world via special goggles. Facebook is now ready to bring that idea to...

Capitol Officer Gave Rioter a Legal Tip: Charges

Michael Riley faces obstruction of justice indictment

(Newser) - "Take down the part about being in the building," a Capitol Police officer advised a rioter on Jan. 7 who'd posted online about taking part in the attack the day before, new charges say. The rioters who went inside the Capitol will be charged, Michael Riley reportedly...

Facebook Moves Against Bullying Campaigns, Adds Celebrity Protection

After whistleblower's testimony, company takes certain internal chat groups private

(Newser) - Mentioning that Wednesday was National Bullying Prevention and Awareness Day, Facebook announced a number of steps to protect people from harassment on its site. Antigone Davis, Facebook's global head of safety, posted the new policies, Engadget reports, saying they're intended to better protect users—"particularly those who...

Slain Journalist's Dad Blasts Facebook's Murder Videos

Alison Parker's parents file FTC complaint, appeal to Congress for removal of footage of her killing

(Newser) - The family of a journalist killed during a live news report in Virginia in 2015 is asking the Federal Trade Commission to take action against Facebook, which hosts footage of her murder. Videos of the killing of WDBJ-TV reporter Alison Parker and cameraman Adam Ward regularly appear on Facebook and...

Russian Court Tells Bailiffs to Collect Facebook's Fines

Issue is illegal content, including notices for unsanctioned protests

(Newser) - A Moscow court has ruled to enforce the collection of fines from Facebook for breaching Russian laws on illegal content, officials said Thursday. The Tagansky District Court in Russia's capital ordered bailiffs to collect 26 million rubles—over $361,000—after Facebook failed to pay the fines, court officials...

Zuckerberg Finally Speaks Out on Facebook Whistleblower

CEO posts lengthy memo defending company against scathing claims by Frances Haugen

(Newser) - Amid what's been a tumultuous week for Facebook , Mark Zuckerberg took some time out Tuesday from sailing to address allegations by a whistleblower that have rocked the social media platform. "Many of the claims don't make any sense," the 37-year-old CEO said in a company memo...

Whistleblower Tells Senate Facebook Is Dishonest

Former project manager at the social media giant says its practices are dangerous

(Newser) - Facebook isn’t to be trusted. That’s the main point whistleblower Frances Haugen made to the Senate Tuesday. Haugen said the social media giant knows the potential harm of its products but prioritizes profits over safety, Politico reports. One of her chief concerns was the company’s failure to...

SEC Complaints of Facebook Whistleblower Revealed

In her claim, Frances Haugen cites document that says platform removes only 2% of hate speech

(Newser) - 60 Minutes is sharing details of Facebook whistleblower Frances Haugen's complaints to the Securities and Exchange Commission, including her claim that the social network stoked political division by steering conservative-leaning users toward conspiracy theories. One of at least eight complaints, titled "Facebook misled investors and the public...

Facebook Explains What Happened on Monday

It's a technical, fairly vague explanation

(Newser) - Facebook offered up an apology and a technical explanation in the wake of Monday's roughly six-hour outage . In a blog post , VP of infrastructure Santosh Janardhan said the problem was the result of "configuration changes on the backbone routers that coordinate network traffic between our data centers."...

Facebook, Instagram Go Down Worldwide
Facebook, Instagram
Start to Return
updated
Oct 4, 2021 7:25 PM CDT

Facebook, Instagram Start to Return

Company's share price crashed after outages

(Newser) - Update: Facebook, WhatsApp, and Instagram began slowly returning to the internet Monday evening, about six hours after crashing. A tweet from Facebook around 6:30 ET said they were "coming back online now," CNN reports. "Thank you for bearing with us," the tweet said. The restoration...

Oil Prices Hit Highest Level Since 2014
Oil Prices Hit
Highest Level
Since 2014
MARKETS
Oct 4, 2021 4:16 PM CDT

Oil Prices Hit Highest Level Since 2014

Energy stocks rose as tech stocks dropped

(Newser) - Technology companies led a broad slide for stocks Monday, as the market lost more ground following its worst week since winter. The selling came amid more signs of rising inflation for the US economy. The price of oil hit a seven-year high as OPEC and allied oil producers stuck with...

Facebook Whistleblower Talks to 60 Minutes

Frances Haugen reveals her identity

(Newser) - The Facebook whistleblower revealed herself, as promised , Sunday night on CBS' 60 Minutes . Frances Haugen is the formerly anonymous ex-Facebook employee who filed complaints against the social media company with federal law enforcement agencies last month, and leaked private Facebook research to the Wall Street Journal resulting in a series...

Facebook Whistleblower Goes Public Sunday

Former employee will give interview to '60 Minutes'

(Newser) - The public heat on Facebook might get turned up yet again on Sunday when a whistleblower goes public in a 60 Minutes interview. The former employee turned over internal documents to the SEC last month and will reveal her identity in an interview with Scott Pelley, reports CBS News . Some...

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