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☆ Civil rights coalition calls on Musk and Zuckerberg to take action against election disinformation
▼ + stars: | 2024-10-21 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —An umbrella organization of civil rights groups is alerting the public to “digital voting disinformation” and imploring social media companies to take action. Wiley’s coalition, representing more than 200 civil rights interest groups and other organizations, wants companies like Elon Musk’s X and Mark Zuckerberg’s Meta to more clearly separate fact from fiction. “Social media companies should be vigilant,” Wiley said, observing that information platforms don’t have to be overwhelmingly polluted. The Leadership Conference’s Center for Civil Rights and Technology decided to speak out after social networks were swamped with lies about Hurricanes Helene and Milton earlier this fall. The conduct of social media firms is of interest to civil rights groups; candidates and campaigns; government agencies; and election technology suppliers, just to name a few.

Persons: Maya Wiley, Elon, Zuckerberg’s Meta, ” Wiley, Musk, Donald Trump’s, Zuckerberg, Milton, ”, “ Organizations: New, New York CNN, Conference, Civil, Human, Wiley’s, Social, Republican, Conference’s Center for Civil Rights, Technology, Hurricanes, Dominion Voting Systems, Fox, Dominion, for Civil Rights Locations: New York, United States

☆ How Mark Zuckerberg’s Meta Failed Children on Safety
▼ + stars: | 2024-06-22 | by ( Natasha Singer | ) www.nytimes.com time to read: 1 min

In April 2019, David Ginsberg, a Meta executive, emailed his boss, Mark Zuckerberg, with a proposal to research and reduce loneliness and compulsive use on Instagram and Facebook. In the email, Mr. Ginsberg noted that the company faced scrutiny for its products’ impacts “especially around areas of problematic use/addiction and teens.” He asked Mr. Zuckerberg for 24 engineers, researchers and other staff, saying Instagram had a “deficit” on such issues. A week later, Susan Li, now the company’s chief financial officer, informed Mr. Ginsberg that the project was “not funded” because of staffing constraints. Adam Mosseri, Instagram’s head, ultimately declined to finance the project, too.

Persons: David Ginsberg, Mark Zuckerberg, Ginsberg, ”, Mr, Zuckerberg, Instagram, Susan Li, Adam Mosseri Organizations: Facebook

☆ DJT stock: Truth Social keeps shrinking despite the Trump trial and looming election
▼ + stars: | 2024-05-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Yet new data shows its main product — the conservative-friendly social network Truth Social — remains a very tiny player in its industry, and it’s getting even smaller. “If your entire social circle is on a social media platform, that’s a strong pull to sign up. ‘Meme stock’ argumentTrump recently received another 36 million shares of Trump Media as part of a bonus known as earnout shares. Including those new shares, Trump owns 114.75 million shares of Trump Media — a stake valued at $5.6 billion. Of course, Kennedy notes that there is a counter argument that Trump Media is not a typical social media stock, and so traditional metrics like growth and revenue don’t really matter.

Persons: Donald Trump, it’s, ”, Matthew Kennedy, Kennedy, “, Trump, Shannon Devine, ” Devine, Similarweb, Mark Zuckerberg’s Meta, Gettr, Tom Liu, Musk, ” Kennedy Organizations: New, New York CNN, Trump Media & Technology, Trump Media, CNN, Trump, Truth, Renaissance, Social, ” Trump Media, Elon Musk Locations: New York, Similarweb

☆ Being ready for anything is top priority for 2023
▼ + stars: | 2023-01-03 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +5 min

In the past three years, the world has been rocked by a string of unexpected and epoch-defining events. Anyone trying to think about what 2023 will bring is confronted by a staggering array of possibilities. Watch whether the United Arab Emirates, which hosts the COP28 climate conference in November 2023, distances itself from the OPEC oil cartel. Encumbered by lower stock prices and pricier financing, merger activity will remain subdued in 2023. Follow @peter_tl on Twitterloading(This is a Breakingviews prediction for 2023.

☆ Zuckerberg Didn’t Move Fast, Still Broke Things
▼ + stars: | 2022-11-09 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Some problems at Meta Platforms—including investors’ lack of enthusiasm for CEO Mark Zuckerberg’s metaverse—have been evident since early this year. The company once known as Facebook announced broad layoffs Wednesday morning, in a letter to employees from Chief Executive Officer Mark Zuckerberg. The action will cut the size of Meta Platforms ‘ workforce by 13%—about 11,000 employees. Facebook has never done a major retrenchment in its 18-year history, since the bulk of that history has involved double-digit growth and sky-high operating margins. They enabled the company to draw workers by the thousands every year, even in an industry marked by generous salaries and lavish perks.

Web Summit, the sector’s annual bash held in Lisbon, is doing the opposite. And the usual welter of tech companies, investors and celebrities are still milling around. That new strain of reality-based tech investing has a lot further to go, though. The relative lack of investor focus at Web Summit on new technologies that could really move the dial, such as ways to ease climate change, is striking. The sector, Smith told Breakingviews, will increasingly “influence what people talk about and who comes to Web Summit”.

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