Page 20 - Inside Facebook News Today

So what she was saying here was that they want to -- the focus of facebook since its start has been on growth, growth, growth, and an obsession with growth. and so anything that gets in its way, they find to be a problem. and when you build an architecture where virality rather than context or speed rather than accuracy, youre going to run into -- its very easy. you dont have to be a computer scientist to understand the human hate can be made into a twitchy, angry organism rather quickly. by the...

Transparent. as much as they hate it, theyre going to have to do that because now employees are going to be throwing documents over the wall, and its not going to look good. and so the best thing we can do is really work together and recognize they have a problem. and that theyre critically important and that they have no accountability. now, they can say, we call for regulation, but none of it matters if the ceo can never be fired. i mean, think about that. someone who runs the biggest communic...

Instagram, negatively impact kids. >> kids who are bullied on instagram, the bullying follows them home. it follows them into their bedrooms. the last thing they see before they go to bed at night is someone being cruel to them or the first thing they see in the morning is someone being cruel to them. >> reporter: senator richard blumenthal calling the revelations jaw-dropping and comparing facebook to big tobacco. >> it is documented proof that facebook knows its products can be addictive and t...

Content on the system, the re-shares over the impacts to misinformation, hate speech, or violence incitement. >> reporter: haugen testifying to the senate about what the company did and did not do to confront the spread of misinformation leading up to the 2020 election and beyond. >> 60 minutes, you said that facebook implemented safeguards to reduce misinformation ahead of the 2020 election. but turned off those safeguards right after the election. and you know that the insurrection occurred ja...

Months. markets have been hitting record highs back in september well before facebooks most recent issues and allegations when it comes to misinformation. traders and investors given a reason to fail stocks. they began to rise back in august and those rising rates can lead to lower growths in the future for these tech companies and media companies, they also change the assumptions of whether stocks are no longer a relative value. some of the hardest hit companies in the market since the sell-off...

Johnson has submitted data from the fda requesting authorization for a booster shot of its covid vaccine. well discuss what that could mean for the fight against the virus. >> we begin with what is happening on capitol hill. any moment, members of congress will get their first opportunity to question frances haugen, the facebook whistle-blower who went public on sunday during an interview with "60 minutes." haugen has called steps facebook took after the 2020 election a, quote, betrayal of democ...

Whose testimonies may be the culmination of weeks of bad press. >> facebook has realized that if they change the algorithm to be safer, people will spend less time on the site and theyll click on less ads and make less money. its subsidizing and paying for its profit with our safety. >> and doing it legally. if you thought the answer is as simple as pulling the plug on facebook, the world just found out how hard it could be. the platform went down for more than five hours. thats 3.5 billion user...

Manually go in and reset some servers to make it happen. so a terrible technical day, so i think its more of the symbolism than the technical glitch that really has had its standing out for everybody today. >> and leann, is congress today any closer to both parties agreeing on how congress can best take steps to regular utility social media companies like facebook? or even if congress should be doing that? >> well, jose, theres bipartisan outrage at facebook and social media companies, and there...

Opposed to facts? so, for example, back in february, facebook said it would remove posts that falsely claimed, quote, covid-19 is manmade or manufactured. facebook dropped that rule in may when the biden administration said, oh, we are going to look into whether covid was leaked from the wuhan lab. no, leaked doesnt mean the same thing as manmade. obviously. but it makes the point, right, that somebody in -- in -- in politics can determine fact from fiction or whats appropriate on a site and tha...

Growth back, they wanted the acceleration of the platform back after the election, they returned to their original defaults, and the fact that they had to break the glass on january 6th and turn them back on, i think thats deeply problematic. >> kara, so, when we hear that, were basically hearing facebook was, like, all right, yeah, yeah, rah, rah, okay, be quiet now. somebodys paying attention. and then the moment the election is over, theyre right back to it. what do we do about that? >> they ...