Mark Zuckerberg accuses whistleblowers and media of plotting against Facebook

Mark Zuckerberg angry and counterattacked a torrent of bad news on Monday, accusing whistleblowers and reporters of plotting against the company for better-than-expected quarterly profits.

In a phone call with investors on Monday, Zuckerberg said, “We think we’re looking at a collaborative effort to selectively use leaked documents to draw our false pictures. I have. “

Zuckerberg was fighting back against recent news reports Facebook is struggling to crack down on human trafficking, Doing little to deal with malicious expressions When Exacerbates mental health problems in teenage girls..

Whistleblower Frances Haugen and other critics argued that the company exacerbated these issues because it prioritized growth. This is an idea that Zuckerberg rejected.

“It’s good to say that we don’t solve these impossible trade-offs because we’re focused on making money, but in reality these questions are mostly about our business. It’s not about the difficult balance of social values, “said the CEO. “We believe our system is most effective in reducing harmful content across the industry.”

Zuckerberg even seemed to blame Haugen and journalists for unfairly punishing Facebook for studying the effects of its own platform.

“I’m worried about the incentives we’re creating to make other companies as introspective as ever,” Zuckerberg clearly mentions Haugen, who is leaking Facebook’s abominable internal investigation. And said.

“I think what we see is a collaborative effort to selectively use leaked documents to pay for our false photos,” Zuckerberg said. ..
AFP via Getty Images

According to Refinitiv, Facebook posted $ 3.22 in earnings per share in the third quarter, slightly above analysts’ expectations of $ 3.19. Facebook’s share price soared 3% in news aftermarket trading.

As a more pressing threat to the bottom of the company than Haugen, Facebook is facing changes in the privacy of Apple iOS, restricting Facebook’s access to user data used to target ads.

Even though the company’s advertising revenue surged 33% in the third quarter to $ 28.3 billion, Facebook confirmed in its earnings announcement that the company “will continue to have headwinds from Apple’s iOS 14 changes.”

“Facebook continues to survive the storm with its motorization, but Apple iOS is still in the dark clouds,” Dan Ives, managing director of Wedbush Securities, told The Post.

Facebook is trying to dramatically expand its augmented reality and virtual reality businesses as part of it. Push to Zuckerberg’s “Metaverse”. Emphasizing that ambition, the company announced that it will begin separate financial reporting of Facebook Reality Labs, which includes augmented reality and virtual reality businesses, and Family of Apps, including Facebook, Instagram and WhatsApp, starting next quarter.

Frances Haugen
Facebook whistleblower Frances Haugen has called on the company to declare “moral bankruptcy.”
Getty Images

Facebook too Siege from antitrust authorities and bipartisan lawmakers in Washington, DC who want to regulate — — Or break up — A company that also manages Instagram, WhatsApp, and virtual reality company Oculus.

Leaked documents, including detailed statistics on Facebook’s global reach, could fuel antitrust regulators in the United States and abroad. Reported by Politico..

“If you’re Facebook, you’ll have a lot of regrets about these documents,” a former Federal Trade Commission staff member told Outlet.

Facebook whistleblowers don’t seem to see an end. Haugen is scheduled to testify in the European Parliament in November, and whistleblowers from another company reportedly filed a complaint with the Securities and Exchange Commission on Friday. Condemns the company’s leadership for blowing away concerns about hate speech..

Facebook faces a “bad news tsunami” when it comes to regulation, according to Ives, but Apple’s privacy changes ultimately pose a bigger threat to the company.

“Apple’s data privacy issues can do more damage than regulators,” Ives said.

Mark Zuckerberg accuses whistleblowers and media of plotting against Facebook

Source link Mark Zuckerberg accuses whistleblowers and media of plotting against Facebook

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