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6 mentions found


☆ Meta's stock just wrapped up its ninth straight monthly gain as Wall Street cheers cost cuts
  + stars: | 2023-07-31 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +5 min
In this article META Follow your favorite stocks CREATE FREE ACCOUNTMark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty ImagesA year ago, Meta's stock was in the midst of a nosedive as Wall Street grew concerned that threats to the business were increasingly existential. Despite slipping on Monday, Meta's stock climbed 11% in July, wrapping up its ninth straight month of gains, by far the longest such stretch since Facebook's IPO in 2012. watch nowMeta has been the second-best performing stock in the S&P 500 this year, behind only Nvidia . Then came the cost cuts and Zuckerberg's promise early this year that 2023 would be the "year of efficiency."
Persons: Mark Zuckerberg, Kevin Dietsch, Mark Zuckerberg's, Zuckerberg, Frances Haugen, Haugen's Organizations: Meta, Getty, Facebook, Nvidia, Apple, Nurphoto Locations: Ukraine, Russia, China
☆ Seattle public schools blame tech giants for social media harm in lawsuit
  + stars: | 2023-01-08 | by ( ) www.reuters.com   time to read: +3 min
The lawsuit says the companies' actions have been a substantial factor in causing a youth mental health crisis. Students with mental health issues perform worse, causing schools to take steps including training teachers to identify and address such symptoms, hire trained personnel, and create additional resources to warn students about the dangers of social media, the complaint said. In 2021, U.S. lawmakers accused Facebook CEO Mark Zuckerberg of pushing for higher profits at the expense of children's mental health following testimony by whistleblower Frances Haugen. "We make money from ads, and advertisers consistently tell us they don't want their ads next to harmful or angry content. And I don't know any tech company that sets out to build products that make people angry or depressed."
☆ Meta's Oversight Board criticizes Facebook's special program for VIP users
  + stars: | 2022-12-06 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +5 min
Meta told the Oversight Board that it "does have a system that blocks some enforcement actions outside of the cross-check system." For most users, content moderation on Facebook and Instagram was historically straightforward. But for a privileged few, the cross-check program activated a different, more human process. It wasn't clear who made a decision to fast-track a content review process to global leadership. In the report, Meta's Oversight Board provided over two dozen recommendations on fixes to the cross-check program.
☆ Facebook whistleblower Frances Haugen launches nonprofit to make social media healthier
  + stars: | 2022-09-22 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +2 min
Former Facebook employee-turned-whistleblower Frances Haugen on Thursday announced a new nonprofit with the goal of making social media healthier. Haugen has become a well-known figure since leaking tens of thousands of pages of internal documents and later revealing her identity on "60 Minutes" last year. Facebook has previously said the documents were cherry-picked and their framing skewed away from potentially positive interpretations of the data. Haugen has more recently advocated for specific laws in the U.S. and abroad that aim to make social media safer for kids. Haugen voiced her support for the California Age-Appropriate Design Code Act, which was recently signed into law by Gov.
☆ Facebook whistleblower launches nonprofit to solve social media harms
  + stars: | 2022-09-22 | by ( Sheila Dang | ) www.reuters.com   time to read: +1 min
Facebook whistleblower Frances Haugen speaks at the SXSW (South by Southwest) conference and festivals in Austin, Texas, U.S. March 14, 2022. REUTERS/Montinique MonroeRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Facebook whistleblower Frances Haugen is launching a nonprofit organization that will seek solutions to harms created by social media, she said on Thursday. The former product manager at Facebook, since renamed Meta Platforms (META.O), made headlines last year after coming out as the source of thousands of leaked internal documents, which she said detailed the social media company's failures to protect teen girls on Instagram and clamp down on vaccine misinformation. It will partner with Project Liberty, an organization working to build a new operating protocol for social networking, and Common Sense Media, which advocates for safe media content for kids. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sheila Dang in Dallas; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.
☆ Facebook whistleblower Frances Haugen is reportedly being funded by the billionaire founder of eBay
  + stars: | 2021-10-21 | by ( Hannah Towey | ) www.businessinsider.com   time to read: +4 min
Facebook whistleblower Frances Haugen is backed by the billionaire founder of eBay, Politico reported. "We are the only organization from The Omidyar Group that is directly supporting the work of Frances Haugen and her team. Sophie Zhang, another Facebook whistleblower who first spoke out about issues at the company in April 2021, has received less public attention. "We are grateful to the brave people who have called out Big Tech for its bad behavior. They are an important part of creating systemic checks and balances for Big Tech," the post continues.
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