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Former Meta official's 'explosive' memoir about the social media giant to be published next week

Economic Times

Economic Times · 5m ago

Former Meta official's 'explosive' memoir about the social media giant to be published next week

Sarah Wynn-Williams, a former director at Meta, details her seven years at the company in her memoir "Careless People," releasing next week. The book offers an insider's perspective on Meta's executives, including Mark Zuckerberg and Sheryl Sandberg, revealing flaws and self-interest. Wynn-Williams discusses Zuckerberg's efforts in China and challenges in addressing hate speech, workplace harassment, and misogyny. The memoir provides a candid look at Meta's culture and the struggles of working motherhood.

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Meta, TikTok report jump in Malaysia govt requests to remove content in 2023

Economic Times

Economic Times · 1y ago

Meta, TikTok report jump in Malaysia govt requests to remove content in 2023

In the first half of 2023, Facebook-owned Meta and TikTok restricted a record number of social media posts and accounts in Malaysia, according to data published by the companies. The Malaysian government has faced accusations of backpedaling on promises to protect freedom of speech, which it denies. Meta restricted about 3,100 pages and posts on its platforms, six times higher than the previous period. Meanwhile, TikTok received 340 requests from the Malaysian government, resulting in the removal or restriction of 815 posts and accounts. The government's actions have raised concerns about stifling free speech.

FTC can reopen Meta privacy case despite $5 billion fine, court rules

Reuters · 1y ago

FTC can reopen Meta privacy case despite $5 billion fine, court rules

A U.S. appeals court has ruled that Meta (formerly Facebook) cannot prevent the Federal Trade Commission (FTC) from reopening an investigation into Facebook's privacy practices. The FTC is seeking to tighten a 2020 settlement, accusing Meta of misleading parents about protections for children and profiting from minors' data. This setback for Meta comes as the social media giant pursued a separate lawsuit challenging the constitutionality of the FTC's inquiry. Meta argues that the proposed changes would hinder its product development and corporate governance. Meanwhile, Meta is facing multiple lawsuits over allegations of addicting children to its platforms and monopolizing the personal social network market.

Meta to start labeling AI-generated content in May

Economic Times

Economic Times · 1y ago

Meta to start labeling AI-generated content in May

Social media giant Meta, the company behind Facebook and Instagram, has announced that it will start labeling AI-generated media from May 2024. This move is aimed at addressing concerns regarding deepfakes and reassuring users and governments about the potential risks. Instead of removing manipulated images and audio, Meta will rely on labeling and contextualization to provide transparency and additional context. The decision comes following criticism from Meta's oversight board, which called for an overhaul of the company's approach to manipulated media. The new labeling techniques will also cover a broader range of content beyond manipulated media.

The 2006 Zuckerberg quote at the center of Meta's antitrust trial

Economic Times

Economic Times · 3m ago

The 2006 Zuckerberg quote at the center of Meta's antitrust trial

In the landmark antitrust trial against Meta, formerly Facebook, a pivotal question is whether social media is about real connections or broader interactions. The trial challenges Meta's dominance, scrutinizing its acquisitions of Instagram and WhatsApp for stifling competition. While Meta argues they compete with all social media, the FTC asserts it's only platforms connecting friends. Defining Meta's place in the social media landscape will significantly impact future tech market dynamics and antitrust enforcement.

Why Trump's digital media company is different from other money-losing startups

TechCrunch · 1y ago

Why Trump's digital media company is different from other money-losing startups

Former President Donald Trump's digital media company, Trump Media and Technology Group (TMTG), is experiencing significant financial losses. This is different from typical startups that struggle to make a profit, as TMTG lacks certain factors for explosive growth. TMTG's main business, Truth Social, has failed to gain significant traction, resulting in low revenue and advertiser disinterest. Additionally, TMTG does not have the support of venture capital and is now accountable to shareholders, limiting its ability to take risks. Analysts have noted that TMTG is overvalued, making its long-term success uncertain.

Reliance's Tamil Nadu campus may host Meta’s first India data centre

Economic Times

Economic Times · 1y ago

Reliance's Tamil Nadu campus may host Meta’s first India data centre

Social media giant Meta is reportedly planning to establish its first data center in India at the Reliance Industries campus in Chennai. The move will enable Meta to process user-generated content locally and improve the user experience across its flagship apps like Facebook, Instagram, and WhatsApp. Currently, Meta's Indian user data is serviced at its data center in Singapore. The Chennai data center will allow for faster data processing and the possibility of running large AI models locally. India's data center industry is expected to double in capacity over the next three years, attracting big tech companies like Meta and Google to localize data storage in the country.

The Evolution of Social Media: How Did It Begin, and Where Could It Go Next?

Internet

Internet · 1y ago

The Evolution of Social Media: How Did It Begin, and Where Could It Go Next?

Table of Contents 1. A Brief History of Social Media 2. The Launch of Social Site 3. Social Media:End Users and Businesses 4. How Marketing Pros Utilize Social Media. 5.What’s Next For Social Media The evolution of social media has been fueled by the human impulse to communicate and by advances in digital technology. It is a story about establishing and nurturing personal connections at scale.

India among most active countries for Meta's Threads

Economic Times

Economic Times · 1y ago

India among most active countries for Meta's Threads

Social media giant Meta has announced that its platform, Threads, has achieved over 175 million monthly active users globally, with India being one of the most active countries. Threads was launched as a rival to Twitter and has grown into a space where people feel comfortable sharing their thoughts and ideas. In India, popular topics on Threads include film, TV, OTT content, celebrities, and sports, particularly cricket. Meta also revealed that over 50 million topic tags have been created on Threads worldwide, and the app initially gained 100 million user sign-ups within a week of its launch. However, engagement metrics have declined since then.

Meta launches ‘Know What’s Real’ campaign to combat misinformation

Economic Times

Economic Times · 1y ago

Meta launches ‘Know What’s Real’ campaign to combat misinformation

Social media giant Meta has launched a safety campaign called 'Know What's Real' to raise awareness about built-in safety features on the company's platforms. The campaign aims to educate users on identifying and addressing misinformation on WhatsApp and Instagram, promoting digital best practices and highlighting available safety tools. Meta has invested in programs such as a network of independent fact-checkers and collaboration with the Misinformation Combat Alliance to combat AI-generated misinformation. The company encourages users to verify information, report inauthentic content, and access reliable information through fact-checking organizations.

Meta unveils verified badge, new AI tools for WhatsApp Business

Economic Times

Economic Times · 11m ago

Meta unveils verified badge, new AI tools for WhatsApp Business

Social media giant Meta has announced new features and initiatives at the WhatsApp Business Summit. These include the full availability of verified badges for small businesses to establish credibility, AI tools for enhancing the messaging experience, customised messages on WhatsApp Business app, and a training program called WhatsApp Bharat Yatra. Meta aims to support the growth of small businesses in India and help them create great in-chat experiences for customers. The company emphasized the importance of meaningful connections with customers and advised businesses to seek permission and be thoughtful about messaging frequency.

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