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Trump Run Leads to Big Shift on Facebook

Meta memo says 'long-standing policy' on politicians mandates Trump won't be fact-checked

(Newser) - Yes, former President Trump is running for the Oval Office again. And no, Facebook won't be fact-checking what he says during that campaign, and perhaps afterward, if he gets into office. CNN got its hands on a memo issued Tuesday by Meta's "news integrity partnership" team to...

'I Got This Wrong': Meta to Move Forward With Mass Cuts

Mark Zuckerberg announces workforce will shrink by 13%

(Newser) - Meta CEO Mark Zuckerberg on Wednesday confirmed that the first mass layoffs in the company's history are happening, with 11,000 "talented employees"—or 13% of the workforce—to be cut. Meta's hiring freeze will also persist through Q1. The Wall Street Journal confirms it marks...

For First Time, Zuckerberg Readies Mass Layoffs

Meta, parent of Facebook, will reportedly lay off thousands of people this week

(Newser) - Twitter employees aren't the only tech staffers facing a bleak November : Facebook parent company Meta is expected to announce its biggest wave of layoffs since Mark Zuckerberg founded it in 2004, reports the New York Times . The numbers are unclear, but Wall Street Journal predicts "many thousands" of...

Meta Stock Plummets After Dismal Earnings Report
Meta Stock Plunges
After a Dismal
Earnings Report
the rundown

Meta Stock Plunges After a Dismal Earnings Report

Analysts are concerned about the future of Facebook's parent company

(Newser) - Meta's third-quarter earnings call Wednesday did not have great news for investors: For the second consecutive quarter, revenue declined, and it's forecasted to do so again next quarter. Meanwhile, costs and expenses rose 19% year over year. Shares plummeted in extended trading after the call, continuing what CNBC...

Meta Will Keep Paying for Sheryl Sandberg's Personal Security

Board approves payment through June 30, 2023

(Newser) - Sheryl Sandberg's last day as a Meta employee was Friday, though she remains on the board of Facebook's parent company. However, due to what the Meta board terms "continuing threats to her safety," the board announced Friday it had approved the continued provision of personal security...

Meta Exec Nick Clegg Says Decision on Trump Is Up to Him

UK's former deputy PM says decision on Facebook reinstatement will be made in January

(Newser) - Before Britain's May 2015 election, Nick Clegg was leader of the Liberal Democrats party and the country's deputy prime minister. Now, he's in charge of deciding whether another former political leader will be allowed back on Facebook. Clegg, president of global affairs at Meta, parent company of...

Tech Tycoons Have Had a Rough Year. None Like Zuckerberg

Meta CEO has hemorrhaged $71B since Jan. 1—more than half his wealth

(Newser) - Don't worry, Mark Zuckerberg is still a billionaire—but he's lost many, many of those billions over the past several months. In what Bloomberg describes as a rough year for most tech billionaires, it's been an especially bumpy one for the Meta CEO: He's lost $71...

Cambridge Analytica Deal Averts Zuckerberg Deposition

Facebook reaches tentative agreement on privacy lawsuit

(Newser) - Facebook has agreed to settle a lawsuit over enabling Cambridge Analytica to access the private data of millions of users, a deal that will let Mark Zuckerberg avoid answering up to six hours' worth of questions for a deposition. A court filing entered late Friday asks for 60 days for...

Zuckerberg: FBI Caution Led to Limiting Story on Hunter Biden

Facebook founder defends process in interview with Joe Rogan

(Newser) - When the New York Post published a story saying then-Vice President Joe Biden was involved in his son Hunter's business machinations in Ukraine, shortly before the 2020 presidential election, Facebook restricted sharing of the article. Twitter did, too. Facebook's founder says the decision was made after warnings about...

GOP Tweet Saying to Shoot US Agents Brings Twitter Ban

Republican in Florida statehouse race suggests threat was taken out of context, though he stands by it

(Newser) - US officials, including the FBI director, have decried an increase in threats to federal agents. There have been attempts to carry out such threats , as well. Another one was posted Thursday on Twitter, saying: "Under my plan, all Floridians will be able to shoot FBI, IRS, ATF, and all...

Critics Fault Facebook Move on RFK Jr.'s Group: 'Too Late'

Children's Health Defense anti-vax nonprofit also booted off Instagram

(Newser) - Robert F. Kennedy Jr. has already been personally kicked off of Instagram. Now the social media platform—along with Facebook, also owned by Meta—has booted Kennedy's nonprofit, too, for repeatedly breaching rules on spreading misinformation about COVID-19, vaccines, and other pandemic health measures. The two platforms this week...

Tommy Lee's IG Posts Have Everyone Doing a Double Take

Motley Crue drummer's full-frontal pic fires up debate over why it was able to stay on platform for so long

(Newser) - If you missed Tommy Lee's full-frontal display on social media earlier this week, no worries—he's now sharing a painting of the photo instead. Meanwhile, some are wondering why Lee's original nude pic was able to stay up online for as long as it did in the...

Meta Wants to 'Correct Record' in Abortion Case

Company says warrant for Facebook messages didn't mention abortion

(Newser) - There was an angry backlash against Facebook this week after it emerged that it had turned over private messages that led to a felony abortion-related charge against a Nebraska mother—but its parent company says reporting on the case was "plain wrong." In a statement, Meta said it...

Meta Drops Contracts Paying News Outlets
Meta Ends Payments
to News Outlets

Meta Ends Payments to News Outlets

Large publishers will lose out on millions

(Newser) - Meta is dropping its payments to publishers whose news content runs on Facebook's News Tab, a decision that will cost some outlets millions of dollars. Facebook negotiated a series of three-year deals with publishers in 2019, part of its investment in news that included hiring journalists to steer publisher...

Meta Reports First-Ever Revenue Drop

Company's problems include declining advertising spending, TikTok competition

(Newser) - Meta's share price rose more than 6% in trading Wednesday—but it dropped 4% after-hours once the company reported its first-ever fall in revenue. Facebook's parent company reported quarterly revenue of $28.9 billion, below Wall Street's expectations and down almost 1% from the equivalent quarter last...

Instagram, Facebook Cracking Down on Abortion Pill Posts

And more abortion-related controversy related to the social networks

(Newser) - Shortly after Roe v. Wade was overturned by the Supreme Court, Instagram and Facebook were making headlines for more than one abortion-related reason. On Monday, Vice and other outlets reported that both Instagram and its sister company, Facebook, were removing posts from people offering to mail abortion pills. In some...

Sandberg's Exit Comes Under Shadow of Company Probe
Sandberg's Exit Comes Under
Shadow of Company Probe
THE RUNDOWN

Sandberg's Exit Comes Under Shadow of Company Probe

As Meta looks into alleged misuse of company resources, others debate her legacy

(Newser) - As the dust starts to settle on the Wednesday announcement of Sheryl Sandberg's farewell as chief operating officer of Facebook, now known as Meta, the inevitable "But why, really?" is being bandied about. Sandberg, 52, will remain on the company's board of directors and has said she'...

Kyle Rittenhouse Says He's 'Fueled' by Depp Trial

He's hired Nick Sandmann's lawyer to handle defamation suits

(Newser) - While the two cases are very different—Johnny Depp didn't kill anybody, for a start—the Depp defamation trial has apparently inspired Kyle Rittenhouse to step up his own legal efforts. "Johnny Depp trial is just fueling me, you can fight back against the lies in the media,...

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...

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