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☆ Big Tech’s grip on social media is a growing problem
▼ + stars: | 2024-04-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That concentration of digital ownership can create real-world harm, as a recent censorship dispute with Meta lays bare. We don’t know,” Kabas wrote in her recounting of the situation. Meta controls a whole bunch of the social media ecosystem, and that means there aren’t a lot of competitors to keep it honest. Meanwhile, all of media relies on it because content creators have to get in front of readers if they want to survive. We don’t know what happened within Meta to trigger an erroneous block of legitimate news sources last week.

Persons: CNN Business ’, Meta, Marisa Kabas, Kabas, Sherman Smith, Andy Stone, ” Kabas, “, ”, Clay Wirestone Organizations: CNN Business, New York CNN, Facebook, Meta, CNN, Twitter, Free Speech Police Locations: New York, Kansas, Brooklyn, Meta

The complaint, originally made public in redacted form, was the opening salvo in a lawsuit filed in late October by the attorneys general of 33 states. Meta didn’t immediately provide a comment on the unredacted complaint following a request from The Associated Press. Others acknowledged that Facebook and Instagram were also popular with children under age 13, who, per company policy, were not allowed to use the service. One Facebook safety executive alluded to the possibility that cracking down on younger users might hurt the company's business in a 2019 email, according to the Journal report. Political Cartoons View All 1265 ImagesThe complaint noted that at times Meta has a backlog of up to 2.5 million accounts of younger children awaiting action, according to the reports.

Persons: Meta, Meta didn’t Organizations: FRANCISO, Facebook, Wall Street, The New York Times, Associated Press . Company, Meta

casey newtonAnd this caused a big sort of emotional reaction that said, wow, that feels like really, really icky. It’s just really, really awful. How do I get really, really good at this? But we have that explosion at the beginning, which is really, really exciting. I’m still interested in smartphones because I think they’re really, really advanced pieces of tech.

Persons: kevin roose, Kevin Roose, ” casey newton, Casey Newton, ” kevin roose, casey newton Oh, casey newton, ” kevin roose You’re, kevin roose That’s, kevin roose I’m Kevin Russo, Marques Brownlee, a.k.a, We’ve, don’t, casey newton Well, Meta, It’s, casey newton Right, casey newton It’s, kevin roose Totally, I’ve, you’re, Instagram, Snapchat, TikTok, They’re, that’s, kevin roose Casey, Hansel, Gretel, let’s, they’re, casey newton Jewel, ”, Juul, Meta didn’t, we’ve, “ We’re, There’s, Al Capone, They’ve, —, Kevin, casey newton I’ve, casey newton That’s, Marquez Brownlee, Casey, He’s, Marquez, he’s, Elon Musk, Sundar Pichai, you’ll, marquez brownlee, casey newton I’m, You’ve, casey newton Let’s, you’ve, it’s, I’m, he’ll, kevin roose Marquez, PewDiePie, marquez brownlee I’ll, they’ve, Ralph, That’s, kevin roose It’s, you’d, we’re, I’d, casey newton Libraries ! marquez brownlee, everyone’s, Samantha, Davis, Fancy, Bard, DALL, Midjourney, ChatGPT, Bing, who’s, it’ll, OpenAI, Pope, kevin roose Pope, — casey newton, casey newton Ah, Mickey Mouse, Eli Lilly, barbecuing, bro, Fabio, Getty, Greg Rutkowski, kevin roose Really, Greg, there’s, Ben Zhao, casey newton We’re, Bob Ross Organizations: The New York Times, YouTube, Meta, pharma, AGs, Netflix, COPPA, Facebook, Congress, Digital Services, Federal Communications Commission, ABC, CBS, FCC, Samsung, casey newton Libraries, VR, Apple, ChatGPT, Enterprise, DALL, Disney, Twitter, Getty, “ MIT Tech, University of Chicago, Adobe Locations: California, Colorado, what’s, you’re, Europe, United States, China, earbuds

☆ EU official to confront Zuckerberg after damning report on company’s handling of child sexual abuse material
▼ + stars: | 2023-06-08 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —A top European Union official plans to confront Meta CEO Mark Zuckerberg in an in-person meeting over reports this week that the company has failed to prevent the spread of child sexual abuse material on its platform. Thierry Breton, a European commissioner who has led the charge on regulating digital platforms, will visit Meta’s California headquarters on June 23 and plans to raise the matter with Zuckerberg personally, he tweeted Thursday. “#Meta’s voluntary code on child protection seems not to work,” Breton said. “Child exploitation is a horrific crime,” the spokesperson said. A spokesperson for the European Commission didn’t immediately respond to a request for comment.

Persons: Mark Zuckerberg, Thierry Breton, Zuckerberg, ” Breton, “ Mark Zuckerberg, Breton, Meta didn’t, Instagram, “, ” Organizations: CNN, European Union, Digital Services, Meta, Wall Street Journal, Stanford University, University of Massachusetts Amherst, San, European Commission Locations: Meta’s California, San Francisco, California

☆ Meta stopped labeling Covid-19 content after finding it did little to combat misinformation, Oversight Board says
▼ + stars: | 2023-04-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Facebook rolled out the labels in early 2021, after coming under criticism for the spread of Covid-19 misinformation on its platforms during the first year of the pandemic. Meta should not relax its approach to Covid-19 misinformation as the company has proposed, the Oversight Board added. In the past, Meta has touted its ability to direct users to the Covid-19 information center. The labels were automatically applied to content that Meta’s automated tools determined were about Covid-19, the Oversight Board said. (Meta provided examples of a NIT and a FAXIT in its July 2022 request for Oversight Board guidance on whether it should relax its Covid-19 misinformation policy.)

☆ Big Companies Seeing Tax Benefits From Law Change Some of Them Fought
▼ + stars: | 2023-03-08 | by ( Richard Rubin | Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

Those companies now qualify for a bigger tax break for exports because of the way the research-deduction change alters their tax calculations. Photo: Dado Ruvic/REUTERSModerna saw that tax break jump to a 7.4 percentage-point benefit on its tax rate from 4.8 points in 2021, even as its cash tax payments rose. The change requiring companies to spread out research deductions was part of the 2017 tax law, and it was designed to partly offset the revenue loss from cutting corporate tax rates. PREVIEWAt the same time, the smaller research deduction means many companies can get a bigger advantage from the export tax break. The size of the FDII tax break is based in part on how much income a company has.

Hacking and repressionAfter Nika went missing, her aunt and other protesters told CNN that her popular Instagram and Telegram accounts had been disabled. On October 12, two of Nika’s friends noticed her Telegram account briefly back online, they told CNN. As with Negin’s case, the reactivation of Nika’s accounts raises questions about whether Iranian authorities were responsible for accessing her social media profiles, allegedly to phish other protesters or compromise her after her death. “Usually what happens is, they do the target phone number, then they send a login request to Telegram,” Rashidi told CNN. However, references in Iranian state media indicate authorities did access Nika’s Instagram account and direct messages, stating they had permission from the judiciary to access them.

☆ The Truss tax plan cushions the wealthy while pushing borrowers toward a financial cliff
▼ + stars: | 2022-09-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

That’s because the Bank of England is now widely expected to hike interest rates even further to tackle inflation that will be exacerbated by the government’s sweeping tax cuts. That means many as 1.8 million borrowers are now hurtling toward a financial cliff as they prepare to refinance next year, when the mortgage rate may well have doubled. The vast majority (nearly two-thirds) of the tax gains go to the wealthiest one-fifth of households, according to one think tank estimate. According to the US Treasury, tax cuts reduced federal revenues by about 9% in the first couple of years. However, Congress eventually decided the sweeping tax cuts were unsustainable and, with Reagan’s approval, raised taxes by a lot in 1982.

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