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Oversight board voices concern about Meta nixing fact checks
Techxplore· 2025-04-23 06:33
Core Viewpoint - Meta's decision to end its US fact-checking program has raised significant concerns regarding the potential increase in misinformation and its implications for human rights [2][4]. Group 1: Policy Changes and Reactions - Meta announced a policy shift to replace third-party fact-checkers with a community-based moderation tool called "Community Notes," which has been criticized for its effectiveness [5][6]. - The Meta Oversight Board criticized the announcement as being made "hastily" and emphasized the need for a balance between free expression and safety from harm [3][4]. - Analysts suggest that the policy change may have been influenced by political pressures, particularly from then US President-elect Donald Trump [3]. Group 2: Recommendations and Concerns - The Oversight Board issued 17 recommendations for Meta, urging the company to evaluate the effectiveness of Community Notes compared to traditional fact-checking methods, especially in contexts where misinformation poses public safety risks [4]. - Experts have expressed skepticism about relying on crowd-sourced moderation, likening it to an abdication of social responsibility by Meta [6][8]. - The board's recommendations are not binding, meaning Meta is not obligated to implement them despite promising to honor rulings on appeals regarding content moderation [8].
Is Meta The Most Undervalued Stock In The Magnificent 7
Seeking Alpha· 2025-04-23 02:01
Group 1 - The article emphasizes the importance of identifying major societal, business, and demographic trends for investors to focus on [1] - PropNotes aims to provide high-yield investment opportunities for individual investors, simplifying complex concepts and offering actionable advice [1] - The analysis produced by PropNotes is designed to assist investors in making informed market decisions, supported by expert research [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or industries [2][3]
Instagram would have succeeded without Facebook's $1B takeover, co-founder testifies
New York Post· 2025-04-22 19:02
Core Viewpoint - Instagram's co-founder Kevin Systrom testified that the platform would have thrived independently of Facebook's acquisition, highlighting its pre-existing user growth and potential for feature development [1][2]. Group 1: Instagram's Growth and Independence - Systrom stated that Instagram was experiencing rapid user growth before Mark Zuckerberg's acquisition offer [2]. - He expressed confidence that Instagram could have developed features like video and private messaging without Facebook's assistance [2]. Group 2: Meta's Strategy and Response - Systrom indicated that Zuckerberg viewed Instagram's success as a "threat" to Facebook, leading to a lack of resources for Instagram's data privacy improvements post-Cambridge Analytica scandal [3][5]. - The testimony supports the FTC's claim that Meta employed a "buy or bury" strategy to neutralize emerging competitors like Instagram and WhatsApp [5]. Group 3: Resource Allocation and Management - In a 2017 email, Systrom expressed frustration over Instagram not receiving additional employees despite a companywide push to enhance video offerings [6]. - He noted a stark contrast between his efforts to make Instagram successful and the lack of resources allocated to the platform [6]. Group 4: Meta's Defense - Meta's legal representatives argued that the acquisition of Instagram was beneficial for its growth, claiming that Instagram had only 2% of its current user base, 13 employees, and no revenue at the time of acquisition [11]. - Meta's chief legal officer stated that many features central to Instagram were developed using Meta's infrastructure after the acquisition [11].
Meta could take a $7 billion hit this year because of Trump's tough China tariffs
CNBC· 2025-04-22 18:02
Core Insights - Meta's online advertising business is projected to face a $7 billion decline in 2025 due to the impact of President Trump's tariffs on China, affecting retailers like Temu and Shien [1][3][5] - The company's revenue from China was reported at $18.35 billion in 2024, accounting for over 11% of total sales, indicating the significant role of Chinese advertisers in Meta's revenue stream [3][5] - Analysts suggest that if Chinese retailers reduce their advertising budgets, it could severely impact Meta's ad sales, with potential losses reaching $23 billion if a recession occurs alongside ongoing trade tensions [5][6] Impact of Trade Dispute - The MoffettNathanson research highlights that the U.S.-China trade dispute is leading to a reduction in advertising spending from Chinese retailers, which is crucial for Meta's revenue [2][4] - There are already indications of reduced ad spending, as seen with Temu's cutback in U.S. advertising and a drop in its app rankings [4][5] Market Outlook - Analysts maintain a Buy rating on Meta but have lowered their target price from $710 to $525, reflecting concerns over the potential impact of reduced ad spending and economic downturns [6] - The company is particularly vulnerable to a decline in advertising from Chinese sources, which could compound the effects of a broader economic recession [6]
Instagram launches Edits app for video, rivaling TikTok
CNBC· 2025-04-22 16:30
Instagram on Tuesday launched its standalone Edits video creation app that offers features similar to those already available from TikTok parent Bytedance.The new app allows creators to organize project ideas, shoot and edit video, and access insights about content. Edits includes background replacement, automatic captioning and artificial intelligence tools that can turn images into video."There's a lot going on in the world right now and no matter what happens, we think it's our job to create the most com ...
Meta releases its CapCut rival Edits globally
TechCrunch· 2025-04-22 16:30
Meta announced on Tuesday that it’s officially launching Edits, its CapCut-like video-creation app. Releasing globally, Edits will allow creators to do things like keep track of video ideas, get inspiration for new content, and create videos with effects and AI tools. The app is available on iOS and Android.All of the app’s features will be accessible for free at launch. However, Instagram head Adam Mosseri said earlier this month that later versions of Edits may include paid features. The company first s ...
BetterInvesting™ Magazine Update on Facebook (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOG)
Prnewswire· 2025-04-22 11:27
TROY, Mich., April 22, 2025 /PRNewswire/ -- Meta Platforms Inc.'s – Facebook's corporate name -- recent report has investors wondering if the company's stock is overvalued. Or is it in the buy range? As such, the Editorial Advisory and Securities Review Committee of BetterInvesting Magazine considers Meta Platforms (NASDAQ:META) as worthy of further study and has named the company its "Stock to Study" for the June/July 2025 double issue for investors' informational and educational use. The fundamental data ...
Best Social Media Advertising Platform (2025): Meta for Business Awarded Top Prize by Expert Consumers
GlobeNewswire News Room· 2025-04-22 10:00
NEW YORK CITY, April 22, 2025 (GLOBE NEWSWIRE) -- Meta for Business has been recognized as the top social media advertising platform in 2025, taking home the prestigious title of Best Social Media Advertising Platform. This honor comes as Meta continues to lead the way in delivering innovative solutions, setting the standard for digital advertising in an increasingly competitive landscape. Top Social Media Advertising Platform Meta for Business - elevate marketing strategy with advanced targeting, AI-enable ...
Meta Q1 Preview: Anticipating Deceleration Due To Chinese Advertisers
Seeking Alpha· 2025-04-21 21:06
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
Mark Zuckerberg once suggested spinning out Instagram as a solution to its ‘cannibalization' of Facebook
TechCrunch· 2025-04-21 18:56
In an internal email surfaced as part of the Meta antitrust trial, Meta CEO Mark Zuckerberg fretted about the potential that the company’s Instagram acquisition may cannibalize Facebook. Were that to happen, it could lead to the “network collapse of the more engaging and profitable product,” a worried Zuckerberg told other Meta executives in a confidential message.Zuckerberg proposed multiple ways to prevent this cannibalization from occurring, including building more bridges between Meta’s apps to make the ...