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Thursday, mar 20
Tag:
Mark Zuckerberg
News
Meta's Community Notes To Use Tech From Elon Musk's Social Media Platform
Meta's new Community Notes system will be based on algorithms developed by billionaire Elon Musk's social media platform, the company said. Meta will begin testing the crowdsourced program that aims to prevent misinformation on Tuesday, Mar. 18, the tech giant said in a blog post on Thursday, Mar. 13. The move comes as Meta replaces its third-party fact-checking program in the US for Facebook, Instagram, and Threads. Community Notes are part of CEO Mark Zuckerberg's broader shift toward what he calls "free expression" on the company’s platforms. "We’re going to take time to …
Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…
Business
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says
Meta is dismantling its third-party fact-checking program in the U.S. and aims to bring back political content as President-elect Donald Trump prepares to return to the White House, the company said. Meta CEO Mark Zuckerberg announced the changes in a video statement on Tuesday, Jan. 7. The company that owns Facebook, Instagram, WhatsApp, and Threads, will replace its fact-checking program with a Community Notes system similar to the one implemented on X (formerly Twitter). Zuckerberg said the new system's goal is to reduce bias and restore free expression. "Fact-checkers have be…
Business
Facebook Parent Company Meta Laying Off More Than 11,000 Workers
Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …
Business
Facebook Unveils New Name, Logo, Says It Will Shift Focus To Virtual World
Facebook CEO Mark Zuckerberg has announced a name change and a new logo for the company. Facebook is being rebranded as "Meta," according to an announcement on Thursday, Oct. 28. Zuckerberg said the company's mission remains the same, and the apps and its existing brands aren't going to change with the company's new branding. However, he said all the company's products now share a "new vision." "From now on, we will be metaverse-first, not Facebook-first," he said. "That means that over time you won’t need a Facebook account to use our other services. As our new brand starts showing…
Politics
AGs From 12 States Request Social Media Companies Block Anti-Vaxxers
Attorneys general from a dozen states are calling for social media companies to block anti-vaxxers. The coalition of 12 attorneys general are calling on Facebook and Twitter to "take stronger measures to stop the spread of COVID-19 vaccine disinformation being spread by "anti-vaxxers" on their social media platforms" as stated in a public letter to the CEOs. The letter cites a report by the Center for Countering Digital Hate1, stating that “anti-vaxxer” accounts on Facebook, YouTube, Instagram, and Twitter reach more than 59 million followers. The letter specifically asks the CE…
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