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Post by Admin on Nov 5, 2016 20:56:48 GMT
Facebook reported another blowout quarter on Wednesday as the company's advertising revenue and audience continued to expand well ahead of expectations. But shares sunk more than 8% in after hours trading after the company cautioned that spending will grow in 2017 and said that the News Feed is nearly fully saturated with ads. Here are the key numbers from Q3: Revenue: $7.01 billion vs. $6.92 billion expected, and up 56% from the year-ago period. EPS (adjusted): $1.09 vs. $0.92 expected. Monthly active users: 1.79 billion vs. 1.76 billion expected. Daily active users: 1.18 billion vs. 1.16 billion expected.
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Post by Admin on Nov 20, 2016 20:44:17 GMT
Facebook is under growing pressure to do something about the fake news stories that are going viral online. False stories on Facebook such as “Pope Francis endorses Trump” won huge readership during the presidential campaign. Some Democrats argue such stories played a part in President-elect Donald Trump’s victory. The liberal group Media Matters for America on Tuesday launched a petition asking Facebook to “acknowledge the problem of proliferation of fake news” and “commit to taking action.” The group said “it’s high time that [CEO] Mark Zuckerberg and Facebook fix their fake news problem and address the fever swamp/cesspool of misinformation that Facebook has become.”
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Post by Admin on Jul 4, 2017 19:48:45 GMT
German lawmakers have passed a controversial law under which Facebook, Twitter, and other social media companies could face fines of up to €50 million ($57 million) for failing to remove hate speech. The Network Enforcement Act, commonly referred to as the “Facebook law,” was passed by the Bundestag, Germany’s parliamentary body, on Friday. It will go into effect in October. Under the law, social media companies would face steep fines for failing to remove “obviously illegal” content — including hate speech, defamation, and incitements to violence — within 24 hours. They would face an initial fine of €5 million, which could rise to €50 million. Web companies would have up to one week to decide on cases that are less clear cut. Justice Minister Heiko Maas and other supporters of the bill have argued that it is necessary to curb the spread of hate speech, which is strictly regulated under German law. But digital rights activists have broadly criticized the law, saying it would infringe on free speech, and that it gives tech companies disproportionate responsibility in determining the legality of online content. “Experience has shown that, without political pressure, the large platform operators will not fulfill their obligations, and this law is therefore imperative,” Maas said in an address Friday, adding that “freedom of expression ends where criminal law begins.”
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Post by Admin on Sept 28, 2017 18:57:20 GMT
Facebook chief Mark Zuckerberg responded to accusations from President Trump that the social network has always been "anti-Trump," defending the company he founded while acknowledging that he shouldn't have shaken off concerns about Facebook's influence. Trump said on Twitter Wednesday that Facebook and news media — including The Washington Post — had always been opposed to him. Zuckerberg said that the fact that Facebook fields criticism from Trump as well as liberals shows it's a "a platform for all ideas." Many people raised concerns with Facebook about the impact that its platform played in spreading false information — concerns apparently bolstered by recent revelations that Russian operatives used Facebook advertisements to influence American voters. During and after the election, Zuckerberg downplayed those concerns — even when they came from President Barack Obama.
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Post by Admin on Oct 31, 2017 19:05:48 GMT
Watch: Facebook, Twitter & Google to testify in Senate Russia hearing on disinformation
"Extremist Content and Russian Disinformation Online: Working with Tech to Find Solutions"
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