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Sheryl Sandberg Plans 'Next Chapter'

Facebook's No. 2 says she'll leave her job in the fall

(Newser) - Sheryl Sandberg, the most prominent Facebook executive after Mark Zuckerberg and an advocate for women in the workplace, announced Wednesday that she'll leave her post as chief operating officer in the fall. "When I took this job in 2008, I hoped I would be in this role for...

Facebook Investigates Whether Sandberg Tried to Block Article

Executive formed team to stop news site from running story about her boyfriend

(Newser) - Facebook is looking into whether Sheryl Sandberg violated company rules by pressuring a news site to spike an article on her boyfriend, possibly involving her employees in the effort. Sandberg, the chief operating officer of Meta, contacted the website edition of the Daily Mail, a UK tabloid, in 2016 and...

One Person Owning Twitter Worries Experts

On unregulated social media, Elon Musk's power would have few checks

(Newser) - The power of social media companies already concerns many, especially experts and some people in the industry. The platforms can influence what users believe and push them to do things they otherwise wouldn't, such as taking part in violent protests, said Shoshana Zuboff, a retired Harvard professor who wrote...

Zuckerberg's Security Costs Reach Princely Sums

Facebook parent Meta spent $27M last year to keep him safe

(Newser) - Facebook parent company Meta saves a lot of money on salary and bonuses for its CEO, as Mark Zuckerberg receives only a token $1 per year. His security costs, on the other hand, are another story. The company revealed in an SEC filing that it paid a record $26.8...

Wisconsin Mom Sues Meta Over Teen Son's Suicide

He 'became addicted to defendants’ social media product' lawsuit states

(Newser) - A Wisconsin mother whose son took his own life in 2014 says he was a normal, sports-loving teen until he got sucked into social media. Donna Dawley on Monday filed a lawsuit against Facebook and Instagram parent company Meta, alleging that the company deliberately designed algorithms that made the platforms...

Meta Execs Are Staying a Long Way From the Office

Analysts are split on the merits of having a scattered leadership team

(Newser) - If Mark Zuckerberg and other top Meta execs were rank-and-file workers, they might get accused of taking the company's work-from-home policy a little too far. They have scattered far from Meta's Silicon Valley headquarters, with Zuckerberg spending a lot of time in Hawaii, Instagram head Adam Mosseri working...

Zelensky 'Surrender' Deepfake May Be Just the Start

Meta has taken phony clip down, but experts warn there could be more, and better ones, to come

(Newser) - Earlier this month, Ukraine's military intel agency issued a warning about the possibility of Russia using deepfake technology to spread disinformation in the ongoing Russia-Ukraine conflict . That has now apparently come to pass: Facebook parent Meta has removed a phony clip purporting to show Ukrainian President Volodymyr Zelensky surrendering...

Starting Monday, No More Instagram in Russia

After same move on FB, nation bans social media site due to 'calls for violence' against Russians

(Newser) - Earlier this month, Russia blocked access to Facebook. Now citizens are about to lose access to Instagram, a widening of the net that's "squeezing the free flow of information online for Russians," per NPR . Insider reports that Roskomnadzor, Russia's media overseer, announced Thursday that starting Monday,...

Is Mark Zuckerberg a Robot? Traffic Lights Reveal the Truth

Podcaster asks Zuckerberg to prove he's not 'Zuckerborg'

(Newser) - Mark Zuckerberg has long known that he comes across as, well ... not quite human, acknowledging in a 2019 interview that "historically, I've had a very hard time expressing myself. ... I just come across as robotic." One computer scientist and AI researcher recently decided to carry out a...

Meta Promotes Clegg to Face Regulatory Heat

Former UK deputy prime minister will be on level with Zuckerberg, Sandberg

(Newser) - Mark Zuckerberg has installed a former British political leader as the public point person for regulatory issues involving Meta. Nick Clegg will be the company's president of global affairs, the CEO announced, after joining Facebook in 2018 as vice president for global affairs and communications. Clegg's policy experience...

Meta Zaps &#39;Openness&#39; From Its Values
Meta's Rebranding
Continues—to Laughs
THE RUNDOWN
Feb 16, 2022 10:30 AM CST

Meta's Rebranding Continues—to Laughs

Twitter users, employees ridicule changes announced Tuesday

(Newser) - Controversy-prone Meta is digging deeper into its overhaul with new company values revealed Tuesday. They didn't go over so well. As the Washington Post reports, the changes described at a virtual all-hands meeting—streamed for the first time on Facebook's virtual-reality platform, Horizon Venues—"were ridiculed by...

Peter Thiel to Leave Facebook for Politics

Longtime director, a mentor to Zuckerberg, will support Trump candidates

(Newser) - Peter Thiel, a longtime member of Facebook's board known for his sometimes-contrarian views, will leave the company this year to focus on politics. He was an early investor in the company and joined the board in 2005, one year into the small startup's existence, CNN reports. He was...

Meta Plunge Knocks Zuckerberg Out of Top 10 Billionaires

Bezos is set to get $20B richer

(Newser) - Share price swings have brought the fortunes of two tech billionaires up—and down—by amounts equivalent to the GDPs of small countries. Shares in Meta, Facebook's parent company, plummeted 26% on Thursday, bringing Mark Zuckerberg's net worth down by around $29 billion to $85 billion, reports Reuters...

Facebook&#39;s Brutal Day Helps Sink Stock Market
Facebook's Brutal Day
Helps Sink Stock Market
MARKETS
Feb 3, 2022 3:14 PM CST

Facebook's Brutal Day Helps Sink Stock Market

Parent company Meta has a historically bad day

(Newser) - The stock market had a rough day on Thursday, thanks largely to a historically bad day for Facebook parent company Meta . Its shares fell 26%, which wiped out more than $220 billion in market value—"the largest drop in history for any company," per the AP . As for...

Meta Loses $200B in Market Value Within Hours

Facebook's daily users fell in Q4 for the first time

(Newser) - For the first time in its 18-year history, Facebook is losing more daily users than it's gaining—and Meta and its CEO are feeling the burn. Shares in the company plunged more than 20% in after-hours trading Wednesday, wiping out $200 billion in market value, after Facebook reported losing...

Zuckerberg Just Expanded His 'New Monarchy' in Hawaii

He spends $17M to add 110 more acres to his estate

(Newser) - Mark Zuckerberg just added even more property to his Hawaii compound, a site that's been embroiled in controversy since he began scooping up land there in 2014. The Guardian reports the 37-year-old CEO of Facebook parent company Meta and his wife, Priscilla Chan, have dropped $17 million to tack...

Artist: 'Metaverse' Insta Handle Blocked After FB Name Change

Australia's Thea-Mai Baumann used the 'metaverse' handle, then suddenly got blocked

(Newser) - For nearly a decade, Thea-Mai Baumann, once the owner of an augmented-reality company called Metaverse Makeovers, used the Instagram handle "metaverse" to showcase her creative work. Last month, however, the Australian artist says she suddenly wasn't able to access her Insta, and she suspects Facebook's recent rebranding...

Facebook Exec: Don't Blame Us for Misinfo, Blame Yourselves

Incoming Meta CTO Andrew Bosworth says individuals bear responsibility for the spread

(Newser) - We all agree, for the most part, that the spread of misinformation has worsened today's politics and handling of contemporary health issues like COVID. What we may not all agree on, however, is the role that social media plays in promoting that spread. Andrew Bosworth, for instance, a longtime...

Facebook: Scientist Behind Misinformation Doesn't Exist

Account claimed US was pushing its scientists to blame virus on China

(Newser) - A disinformation network with ties to China used hundreds of fake social media accounts— including one belonging to a fictitious Swiss biologist—to spread an unfounded claim that the US pressured scientists to blame China for the coronavirus, Facebook said Wednesday. The company based in Menlo Park, California, did not...

Teen Brand Quits Social Media: 'Something Has to Change'

Lush will shutter IG, FB, TikTok, Snapchat on Black Friday, won't come back til user safety is improved

(Newser) - While most brands are revving up their social media for Black Friday, Cyber Monday, and the rest of the holiday shopping season, one teen favorite just made a shocking announcement: It's shuttering its social media entirely on the day after Thanksgiving. At least for now, says Lush Cosmetics—known...

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