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The decision Monday by District Judge Timothy Kelly allows the FTC to move ahead with a proposal banning Meta from profiting off data it collects from users under the age of 18. The package of potential restrictions would represent some of the most significant impositions on Meta’s business since the 2020 privacy order that resolved a federal probe into the company’s Cambridge Analytica privacy fiasco. Meta had previously called the FTC proposal “a political stunt” that singles out Meta “while allowing Chinese companies like TikTok to operate without constraint on American soil.”The FTC declined to comment on the ruling. It’s unclear when the FTC may finalize its proposed rules, Gallant added, but it could occur in the spring of 2024. Meta could still attempt to challenge any eventual FTC rule changes in federal court.
Persons: Timothy Kelly, Meta, , Kelly, Paul Gallant, TD Cowen, Gallant Organizations: Washington CNN, Federal Trade Commission, FTC, Meta, Court, District of Columbia, Appeals, DC Circuit Locations: Cambridge
"For the first time, customers will be able to shop Amazon's Facebook and Instagram ads and check out with Amazon without leaving the social media apps," an Amazon spokesperson said in a statement. Amazon said last month that sales in its online ad business grew 26% from a year earlier in the third quarter to $12.06 billion. By partnering with Amazon, Meta can make it easier to allow shops to sell goods on Facebook and Instagram without creating custom storefronts on those apps. Meta provided some details about the new feature on Tuesday on a support page titled "Purchase with Amazon without leaving Facebook or Instagram." "You can check out with Amazon without leaving Facebook or Instagram, and experience more relevant ads."
Persons: Mark Zuckerberg, that's, Stuart McMullin, Maurice Rahmey, Rahmey, , Annie Palmer Organizations: Meta, Facebook, Amazon, LinkedIn, CNBC Locations: Menlo Park , California, U.S, Pinterest
It put systems into place and developed policies for what types of political ads were and were not allowed on its platforms. The Silicon Valley company said that starting next year, it would require political advertisers around the world to disclose when they had used third-party A.I. software in political or social issue ads to synthetically depict people and events. Meta added that it would bar advertisers from using its own A.I.-assisted software to create political or social issue ads, as well as ads related to housing, employment, credit, health, pharmaceuticals or financial services. Those advertisers would be able to use third-party A.I.
Persons: Meta Organizations: Facebook
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
Insider Today: Market's crash landing
  + stars: | 2023-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The core question it presents is whether personal AI devices could have the same impact that the iPhone had on the tech industry. Meta's Responsible AI team shrank amid layoffs and restructuring. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021.
Persons: , Benjamin Netanyahu, Insider's Matthew Fox, Mohamed El, Matthew, Jerome Powell, hasn't, mavens, Izzy Englander, Citadel's Ken Griffin, Point72, Steve Cohen, Phil McCarten, Dave Kotinsky, Shaw, Victor Virgile, Arantza Pena Popo, Bella Hadid, John Lennon, Ben Shelton, Sharon Osbourne, William Hanson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hamas, Saturday, Israeli, Citadel, federal, Tech, Peoples, Indian Heritage Locations: Israel, D.E, Cupertino, China, South Dakota, Oklahoma, Hawaii, Alabama, Dakota, Los Angeles, New York City, San Diego, London, New York
More companies are quietly updating privacy policies to use collected user data to train AI models. More companies have been trying to do what they can to stop their data from being scraped and saved to expand datasets needed to train AI models. Microsoft's updated Terms , for which it highlighted changes going into effect Sept. 30, added a new five-point section on AI Services. The other four points cover Microsoft disallowing any use of its AI services for other AI tools. At the end of August, it created a simple form where users could "request" to opt out of their data being used to train AI models.
Persons: Zoom, Bard, hasn't, OpenAI, Instacart, they're, Elon Musk, Meta Organizations: Service, Microsoft, Meta, OpenAI, Services, Google, Elon, Facebook Locations: Wall, Silicon, Instacart's
Brands like Chick-Fil-A and Geico are being accused of violating 1980s privacy law the VPPA. Broadcasters have long been wary of running afoul of a 1988 privacy law called the Video Privacy Protection Act that went into effect after the video rental history of then-Supreme Court nominee Judge Robert Bork was leaked to a newspaper. Since November last year, brands as diverse as Hallmark, Folgers, Mattel, Chick-Fil-A, General Mills, Mars, La-Z-Boy, Geico, and Fossil have faced lawsuits accusing them of VPPA violations. But these dismissals don't completely neutralize the threat of VPPA lawsuits. At least 70 VPPA class action lawsuits have been filed in the past year, according to Bloomberg Law.
Persons: Chick, Robert Bork, VPPA, Mills, General Mills, Scott Ferrell, FloSports, Smucker, Keith Carroll, Rebeka Rodriguez, Melissa Fox, Eversheds Sutherland, Labaton Sucharow, Corepower, Garthwaite, Fox, Julie Rubash Organizations: ., Broadcasters, Hallmark, Mattel, Pacific, Hulu, Bloomberg Law, Meta, Protection Law, Facebook, AMC, Us, GameStop, Disney, United States, Court, Southern, of Locations: Mars, California, Virginia, of New York
The Meta ad archive shows that since early June, the Trump Save America Joint Fundraising Committee spent more than $500,000 on digital Meta ads. There is no public data showing how much the Meta ads have directly raised for the Trump campaign. Trump's campaign outraised all of his Republican primary opponents in the second quarter, according to Federal Election Commission records. Some of the recent Trump ads falsely claim, for instance, that Fulton County District Attorney Fani Willis, "lets violent murderers and TRUE criminals run wild in her city." Zoom In Icon Arrows pointing outwards Source: Meta Ad Library
Persons: Donald Trump, Sam Wolfe, Trump, it's, Andrew Arenge, Arenge, Alex Conant, Sen, Marco Rubio, , Brad Parscale, Parscale, Jack Smith, Joe Biden's, Republican Sen, John McCain, Lindsey Graham, Fani Willis, Willis Organizations: Republican, Reuters, Meta, Facebook, Trump, Trump Save America, Committee, CNBC, University of, Democrats, Republicans, Commission, NBC News, White, Inc, FEC, U.S, Capitol, Atlanta Locations: Columbia , South Carolina, U.S, Canada, New York City, Georgia, New York, Fulton County, Atlanta
These are the top results for me under my Meta ad topics. InstagramSome of these made sense, such as travel, holidays, and hiking trails. I also frequently write about high net worth individuals and luxury goods for work. But all the running-related topics confused me. This perhaps explained why I'd recently been getting so many ads for charity marathons and sports clothing – clearly Meta thinks I'm obsessed with running.
Persons: I'd, I'm Organizations: Chicago Marathon
The study found more than 110 pro-Wagner accounts operating in more than a dozen languages across Meta’s platforms. Even if the accounts are not directly affiliated with the Wagner group, ISD said, the content they created still likely violates Meta’s terms. The ISD report, meanwhile, highlights how there may be additional violating content that Meta has not detected and removed. Of these pages, ISD wrote, “the most viewed post, a video with over 712,000 views, shows Wagner mercenary forces testing tank traps set up at a defensive line in Ukraine. These pages were also found to be luring Facebook users to Telegram with links to graphic content showing dead bodies.”
Persons: Russia’s Wagner, Meta, Wagner, Biden, ISD, Yevgeny Prigozhin —, , , Prigozhin, dehumanizing, ” Wagner, Organizations: CNN, Facebook, Strategic, ISD, Internet Research Agency, Washington, Meta, Meta’s Locations: London, Ukraine
CNN —Female reproductive health experts are calling on Meta, the parent company of Facebook and Instagram, to rethink its restrictions on reproductive health content. The company has long faced criticism for removing and restricting female reproductive health information with a prominent report from the Center for Intimacy Justice early last year accusing Meta of systematically rejecting many female and gender diverse reproductive health ads. Lets talk about p3riodsThe practice of censoring female reproductive health content is not unique to Meta, with similar issues reported on other social media platforms. CNN asked Meta about the reports that it is continuing to remove, restrict, and shadow-ban female reproductive health content. CNN also asked Meta why all female reproductive health, including menstrual health, is classified as an 18+ issue.
Persons: Meta, Jackie Rotman, ” Rotman, Hazel Wallace, , , ” Wallace, Ryan Daniels, Wallace, Tracey Lindeman, ” “ You’re, ” Lindeman Organizations: CNN, Meta, Facebook, Intimacy Justice
Ad prices declined in the second quarter as new formats like Reels and Shorts rolled out. After some rough quarters, Google's and Meta's ad businesses are on the rebound , and they're creating so much short-form video ad inventory that the surge in supply is driving ad prices down. "Anytime you've got an influx of newer ad inventory, typically that inventory does come with lower ad pricing," he said. And Instagram Reels ad inventory is both plentiful and 39% cheaper than Instagram Feed ads, according to Tinuiti. Meta also added more ads to its Marketplace on Facebook, which dropped Facebook ad prices by 25%, Taylor said.
Persons: Shawndu Stackhouse, Tom Williams, Andy Taylor, Pacvue, Taylor, Tinuiti's Taylor, Mike Ryan, Meta, TikTok TikTok Organizations: Inc, Getty, Tinuiti, Brands, Google, Anadolu Agency, Meta, Facebook, CPM Locations: Google's, Northeast Washington, lockstep
Meta to seek user consent for targeted ads in the EU
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +2 min
EU flag and Meta logo are seen in this illustration taken, May 22, 2023. Meta said the change is to address a number of evolving regulatory requirements in the region and stems from an order in January by Ireland's Data Protection Commissioner, Meta's lead EU regulator, to reassess the legal basis on how it targets ads. Once this change is in place, advertisers will still be able to run personalised advertising campaigns to reach potential customers and grow their businesses. Meta added that it would share further information on how the process will work in practice over the coming months following further engagement with regulators. A spokesperson for Ireland's Data Protection Commissioner, which is the lead privacy regulator for many of the world's largest technology companies within the EU, said it had received correspondence from Meta on the matter.
Persons: Dado Ruvic, Meta, Meta's, Padraic Halpin, Jan Harvey Organizations: REUTERS, Reuters Connect DUBLIN, European Union, Facebook, Ireland's Data, Data, Meta, Thomson Locations: Switzerland
For Yavuz and his counterparts, there's serious appeal in having another ad-supported app inside Meta's ad manager. Once Meta adds a check box to extend ads to Threads, ad buyers will check it. Facebook's ads, technology, and interfaces are much better than Twitter's," said Trevor Dudeck, CEO of ad agency Lemonade. "If it's just the same thing as Instagram, that's not going to be as enticing," said one executive at a major digital advertising agency. When Zuckerberg inevitably adds the Threads checkbox to Meta's ad platform, it'll be ominous for Twitter's flailing ad business.
Persons: Alex Kantrowitz, Kantrowitz, Meta hasn't, Mark Zuckerberg, Ahmet Yavuz, Yavuz, Carly London, Curly, it's, David Herrmann, Herrmann, They're, Carl Bivona, Trevor Dudeck, Josh Keller, Elon Musk's, that's, Zuckerberg, I've Organizations: Big Technology, Morning, Meta, ASY, Twitter, Instagram, Facebook, Google, it's Meta, Herrmann Digital, Union Square Media, Wall Street Locations: Meta
But the company delivered on those lofty expectations with a quarter that was the best among the group so far. Taken together, the company has been able to significantly accelerate revenue growth. Coupled with rebounding operating margins, the stock is now more deserving of a so-called growth stock multiple instead of the "value" label investors had attached to the firm last year. But for now, Zuckerberg has a pass because, to his credit, Meta's cost structure has been reduced significantly this year. After buying back $9.22 billion worth of stock in the first quarter, Meta only repurchased $793 million in the second quarter.
Persons: Meta, Mark Zuckerberg's, Zuckerberg, Susan Li, It's, Elon, Jim Cramer's, Jim Cramer, Jim, Stefani Reynolds Organizations: Revenue, Meta, Facebook, Microsoft, Labs, Reality Labs, Twitter, repurchases, CNBC, AFP, Getty Locations: U.S, Canada, Washington ,
Meta, Alphabet and Amazon , the leaders in online advertising, are all betting generative AI will eventually be core to their businesses. In May, Meta announced its AI Sandbox testing suite for companies to more easily use generative AI software to create background images and experiment with different advertising copy. However, Shaked said he's "not sold on the creative piece yet," regarding Meta's nascent foray into providing generative AI tools for advertisers. Jay Pattisall, an analyst at Forrester, said several major hurdles prevent generative AI from having a major immediate impact on the online ad industry. Stacy Reed, an online advertising and Facebook ads consultant, is currently incorporating generative AI into her daily work.
Persons: Sebastien Bozon, ChatGPT, Shane Rasnak, Rasnak, Cristina Lawrence, Lawrence, Mark Zuckerberg, Andrew Caballero, Reynolds, Yarden Shaked, Shaked, Jay Pattisall, Forrester, Pattisall, Reddit, Scott McKelvey, OpenAI, McKelvey, that's, Meta, Stacy Reed, it's, Reed, they've, Ryan Reynolds Organizations: AFP, Getty, Facebook, Twitter, CNBC, Meta, Meta's, Georgetown University, Bloomberg News, Mint Mobile, Social Locations: Utah, San Francisco, Washington
Hisham al-Hashimi reached out to his friend Aws al-Saadi, a Meta Trusted Partner, to ask him to take down posts endangering his life. "One of the reasons for his killing was Meta," al-Saadi told Insider. "Mainly because they assumed that the slow response times had to do with a high volume of cases." Aws al Saadi, a Meta trusted partner, outside the Erbil Citadel in Iraq. Internews hopes this might help create a trusted-partner channel with improved communication, more transparency, and faster response times.
Persons: Hisham al, Hashimi, Saadi, Saadi Al, Meta, al, Saadi isn't, Meta's, Internews, Paul Barrett, University's, Barrett, Rafiq Copeland, Internews Rafiq Copeland, Copeland, Thaier, Sudani Internews, Copland, Meareg Amare, Reem Makhoul Organizations: ISIS, Facebook, Meta, Center for Business, Human Rights, NYU Stern School of Business Meta, Partners, University's Stern School of Business, Global, Internews, Ukrainian, Ethiopian, Erbil Citadel Locations: Baghdad, Iraq, al, Myanmar, Ethiopia, New, Ukraine, Tigray, Hashimi, Iraqi, Erbil, Netherlands
New York CNN —Facebook-parent Meta plans to lower the minimum age for its virtual reality headsets from 13 years old to 10 years old, despite pressure from lawmakers not to market its VR services to younger users. In its Friday blog post, Meta said parents will be able to set time limits and enforce breaks for their preteens on the headsets. Meta also makes it possible to cast content from its VR headsets to a TV or phone screen, so parents can watch what their kids are seeing. Meta’s headset and Horizon Worlds represent Zuckerberg’s vision for a next-generation internet, where users can interact with each other in virtual spaces resembling real life. Update: This story has been updated to reflect Meta’s plan to continue restricting Horizon Worlds to users 13 and older.
Persons: Preteens, Meta, ” Meta, Massachusetts Sen, Ed Markey, Connecticut Sen, Richard Blumenthal, Mark Zuckerberg Organizations: New, New York CNN, Facebook, Connecticut, CNN, Meta Locations: New York, Massachusetts, United States, Canada, Europe
The aim was a similar short-form video service to become more competitive in the space and slow down ad share losses. "This is a key leading indicator for monetization, and any incremental results from AI-driven targeting and measurement would accelerate the market share shift." In a digital advertising market where growth is limited, the battle for market share gains is critical. TikTok's AI strategy TikTok has seen a quick rise in viewership by virtue of predictive AI for content recommendation. TikTok advertisers can place ads through the platform's TikTok Ads Manager , offering automatic audience targeting and measurement tools.
Persons: TikTok, Debra Aho Williamson, Instagram, Aho Williamson, Rohit Kulkarni, Roth MKM, Kulkarni, Roth MKM Kulkarni, Oppenheimer, That's, Brad Erickson, Meta, Erickson, Meta's, Mark Zuckerberg's, Roth, Joe Biden, it's, we're, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique, Lightrocket Organizations: Facebook, TikTok, Meta, Insider Intelligence, Apple, CNBC, JMP Securities, RBC Capital, Citi, , Oracle, Getty Locations: Beijing, Instagram, U.S, Montana
Meta's ad business has been rebuilt since Apple's ATT update threatened its ability to make money. Many of Meta's top execs left and are now building ad platforms for companies like Reddit and Snap. Below are some prominent former Meta ad execs who recently left, and where they've ended up. This time last year, Meta's ad business was on the brink. But today, Meta's ad business is back on the upswing, as the company has delved into AI to replace the consumer data that powered its lucrative ad targeting and measurement capabilities.
CNBC Daily Open: Inflation weighed on consumer spending
  + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Indeed, retail sales in April rose a weaker-than-expected 0.4% for the month, according to an advanced sales report. Moreover, the figure isn't adjusted for inflation — which rose 0.4% in April — so consumers' spending just kept up with the pace of inflation, CNBC's Jeff Cox noted. Subscribe here to get this report sent directly to your inbox each morning before markets open.
CNBC Daily Open: Consumer demand is flagging
  + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both the Dow and the S&P were badly affected by Home Depot's weak earnings report and lackluster forecast. Home Depot's disappointing performance suggests that consumer demand is flagging. Subscribe here to get this report sent directly to your inbox each morning before markets open.
Michael Nagle | Bloomberg | Getty ImagesOver the weekend, Alex Gorlick experienced what he called the worst Facebook glitch he's seen in the decade he's worked in digital advertising. A spokesperson for Facebook parent Meta acknowledged there was an ad glitch but declined to provide details or an explanation as to why it happened. Additionally, the Facebook ad bug impacted companies running ads tied to Earth Day. Hott noted that Facebook experienced a major ad glitch a day before Black Friday in 2020 as well as another similar bug earlier that summer. The main issue for advertisers will be whether they get refunds from Meta because of the glitch, industry experts said.
Instagram announced users will be able to add up to five links to their bios. All accounts will have the ability to add multiple links, including business and creator accounts. Mark Zuckerberg announced on Tuesday that Meta would now let users add up to five links to an account's bio. Until now, Instagram has limited users to one link — which has helped foster a robust industry of third-party link-in-bio solutions such as Linktree. All accounts will have the ability to add multiple links, including business and creator accounts.
Washington CNN —Meta is forging ahead with plans to let teenagers onto its virtual reality app, Horizon Worlds, despite objections from lawmakers and civil society groups that the technology could have possible unintended consequences for mental health. On Tuesday, the social media giant said children as young as 13 in Canada and the United States will gain access to Horizon Worlds for the first time in the coming weeks. Zuckerberg has pushed to spend billions developing VR hardware and software, even as Meta has scaled back significantly in other parts of its business. “Meta is despicably attempting to lure young teens to Horizon Worlds in an attempt to boost its failing platform,” said Connecticut Democratic Sen. Richard Blumenthal, who last month, along with Massachusetts Democratic Sen. Ed Markey, urged Zuckerberg to reconsider letting teens use the app. Lawmakers have previously raised alarms about the impact of some of Meta’s other products, including Instagram, on younger users.
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