Amid ongoing PR woes, Facebook Inc. lost over $100 billion in stock market value on Wednesday after executives warned that the company’s profits would plummet over the next few years as a result of its much-publicized crackdown over privacy concerns as well as a slowdown in usage in big advertising markets.
Facebook has worst day in Wall Street history
Facebook plummeted 19 percent Thursday after warning of slower growth ahead, erasing more than $100 billion in value.
Mark Zuckerberg says he wants to give everyone in the world a voice. But what happens when some of those wishing a voice are Holocaust deniers?
With the left-right divide in America widening, the challenge for YouTube is deciding what sources count as reputable. Among those vetted by YouTube are CNN and Fox News. CNN has been slated and derided as ‘fake news’ by President Trump and others on the right, while CNN President Jeff Zucker called Fox a “propaganda machine” earlier this year.
Facebook is abandoning its Trending news feature, which has been dogged by controversy over editorial bias against conservatives and accusations that it promoted “fake news” during the 2016 US presidential election.
Facebook has once again eschewed a direct request from the UK parliament for its CEO, Mark Zuckerberg, to testify to a committee investigating online disinformation — without rustling up so much as a fig-leaf-sized excuse to explain why the founder of one of the world’s most used technology platforms can’t squeeze a video call into his busy schedule and spare UK politicians’ blushes.
LifeSiteNews has covered multiple instances of Facebook censoring conservative and Christian content. These include classifying Black conservative commentators Diamond and Silk as “unsafe to the community,” censoring a pro-life documentary on Roe v. Wade, and refusing to run a Holy Week ad by the Franciscan University of Steubenville featuring the San Damiano Cross. In addition, a study by the conservative Western Journal found that left-of-center sites enjoyed a nearly 14% traffic increase following algorithm changes last fall, whereas popular conservative sites saw a 27% decline.
After a volley of scandals haunting Facebook about the mishandling of personal information and alleged election manipulation, trust building was front and centre of Zuckerberg’s keynote speech at the annual Facebook developers conference F8 on Tuesday. But it was the revelation about the planned dating services that really pricked up ears.
Sure I trust Facebook and want to give them even more personal information. Don’t you?
It will be interesting to see how the Facebook Employee Handbook will instruct the 20,000 employees on how to flag hate speech to delete and ban it.
According to a report from The Outline, conservative and right wing outlets are hit the hardest, while the engagement numbers of most predominantly liberal publishers remain unaffected. Liberal or left-leaning outlets made up nine of the top ten performing publishers on Facebook in March 2018, with only Fox News representing conservatives.
Zuckerberg cannot define hate speech, but he will have 20,000 employees reviewing content to ban the hate speech he cannot define. He said artificial intelligence (A.I.) will sort out the offensive hate speech he is unable to define.
Facebook’s alleged censorship of social media stars Lynnette “Diamond” Hardaway and Rochelle “Silk” Richardson took center stage on Capitol Hill on Tuesday as Facebook CEO Mark Zuckerberg testified before Congress.
There were many interesting moments in Mark Zuckerberg’s testimony before Congress – starting with the gazillionaire child-man’s decision to follow Larry Kudlow’s advice and eschew his usual garb for a suit and tie. “I’m tired of that t-shirt, hoodie stuff,” remarked Larry. “The guy’s running one of the largest corporations of the world, for heaven’s sake.” This was reported by the leftie lads at ThinkProgress under the headline “Trump official rants about Zuckerberg’s clothes“.
I’m with Larry on this one. One of the reasons my old boss Conrad Black was resented by large sections of the proletariat (and, eventually, a decisive sliver of his Chicago jury) was that he looked like the masses’ idea of a rich man, bespoke and luxuriously upholstered.
We were one of the fastest growing European news sites on Facebook with at least 30,000 people joining us every month. On some days 5,000 people joined us, but those days are gone after Facebook decided to censor us, suspend us and threaten us.
Zuckerberg’s timeline implies that Facebook’s goal is to have fundamentally altered their platform by the time of the 2020 presidential elections, and that work on the project started at approximately the same time as the presidential victory of Donald Trump.
Facebook is expanding its response to people using the platform improperly and on Tuesday said it had deleted hundreds of Russian accounts and pages associated with a “troll factory” indicted by U.S. prosecutors for fake activist and political posts in the 2016 U.S. election campaign.