In the cartoon below, you will see the Department of Homeland Security (DHS) encourage a young female protagonist to report her “Uncle Steve” to Facebook for posting “disinformation”.
DHS’s rationale? “Uncle Steve” posted that “Covid-19 is no worse than the flu”:
News outlets inaccurately suggested a 17-year-old girl was being prosecuted for obtaining an illegal late-term abortion in recent headlines about a Nebraska case.
Numerous outlets covering the story emphasized Facebook’s role in the prosecution of this abortion-related case and highlighted concerns about tech companies protecting people’s data in light of new abortion restrictions going into effect. Headlines generally didn’t acknowledge the baby’s late gestational age, the concealment of the corpse or the suspicious autopsy that led the the warrant for their Facebook messages.
President Joe Biden’s top adviser on environmental issues called on technology companies to censor debates on environmental issues and energy policy during a Thursday event.
“The tech companies have to stop allowing specific individuals over and over again to spread disinformation,” White House National Climate Advisor Gina McCarthy, a former EPA Administrator, said during a virtual event, according to Axios. “We need the tech companies to really jump in.”
The $332 million that Facebook founder Mark Zuckerberg and his wife Priscilla Chan provided to a progressive group to help run the 2020 elections was distributed on a highly partisan basis that favored Democrats, according to a new analysis by election data experts.
While these “Zuckerbucks” or “Zuck bucks” were touted as a resource meant to help all jurisdictions administer the election during the COVID crisis, tax records filed by the progressive Center for Tech and Civic Life show that the group “awarded all larger grants – on both an absolute and per capita basis to deeply Democratic urban areas,” particularly in swing states, according to the new report. Its authors are William Doyle, research director at the right-leaning Caesar Rodney Election Research Institute, and Alex Oliver, chief data scientist at Evolving Strategies, a nonpartisan research group.
A group of conservative investors plan to take on four of the “wokest” corporations at upcoming shareholder meetings over allegedly discriminatory policies in an effort to defend shareholders, according to a press release.
The Free Enterprise Project of the National Center for Public Policy Research, a Boardroom Initiative (BI) coalition member, will make proposals at Walmart, Twitter, Facebook and Comcast shareholder meetings held over the next two weeks to hire outside firms to investigate whether or not the companies are placing merit behind “equity” considerations, according to the release.
Incoming Twitter owner Elon Musk said Tuesday he would reverse the social media platform’s ban on former President Donald Trump.
The decision to ban Trump, said Musk, a billionaire entrepreneur, was “morally wrong and flat-out stupid.”
Elon Musk’s Twitter acquisition — which can be summed up as the world’s wealthiest person buying one of the most powerful social media and news platforms — underscores one of the big problems with Big Tech.
In the absence of modernized anti-trust and anti-monopoly laws, Big Tech companies in the U.S. have amassed far too much economic and political control over society, and especially over the news and publishing industries.
Corporations previously outspoken about hot-button social issues have stayed quiet on the likely overturning of Roe v. Wade after a dramatic fight between Disney and Florida Republican Gov. Ron DeSantis over the company’s political activism.
Following the leak of a draft opinion indicating the Supreme Court is likely to overturn Roe v. Wade, Democrats are trying to ram through a bill legalizing third trimester abortions; however, corporations are largely staying out of the fray, following Disney’s disastrous battle with Republican Florida Gov. Ron DeSantis that ended with the company losing its special tax privileges.
On Thursday, Congressman Darrell Issa (R-Calif.) demanded that Big Tech companies Facebook and Twitter preserve all internal documents related to the suppression of the Hunter Biden laptop story.
According to the Washington Free Beacon, Issa’s office sent letters to Facebook CEO Mark Zuckerberg, Twitter CEO Parag Agrawal, Facebook communications director Andy Stone, and former Twitter CEO Jack Dorsey. The letters all ordered the companies to “immediately initiate document preservation for all materials relating to questions, inquiry, conversation, strategy, and response to the media reporting of the Hunter Biden laptop and/or its contents that first appeared in the New York Post on October 14, 2020.” The companies were additionally instructed to notify employees, consultants, and subcontractors who may have access to the relevant information.
Issa’s requests are in reference to an apparently coordinated campaign by Big Tech companies and the mainstream media to suppress the bombshell story about Hunter Biden’s laptop. First reported on by the New York Post, the story broke less than one month before the 2020 election in which Hunter’s father, Joe Biden, was running against incumbent President Donald Trump. The laptop in question, retrieved from a repair shop in Delaware, contained numerous damning documents, photos, and videos depicting Hunter’s foreign business dealings through his father’s political connections, as well as Hunter’s personal habits involving drugs, alcohol, and prostitution.
Russian prosecutors asked a court to classify Facebook parent company Meta as “extremist” Friday, escalating tensions between Russia and the tech giant after Facebook was blocked in the country.
The Russian Prosecutor General’s Office asked a court to declare the tech giant an “extremist organization,” saying the company engaged in spreading “propaganda” and incited violence against the Russian people, Interfax reported. The move would effectively criminalize all of Meta’s operations in Russia, according to Reuters.
A Big Tech watchdog group is speaking out about the way Silicon Valley’s titans of industry have handled the war between Russia and Ukraine.
“Apparently these Big Tech monopolists find everyday conservative Americans more objectionable than murderous foreign dictators,” Mike Davis, Founder and President of the Internet Accountability Project (IAP) told The Tennessee Star Thursday. “They’re willing to silence and censor political voices with which they disagree while welcoming war criminals like Putin with open arms. That alone should be enough to recognize these Big Tech monopolists are not our friends.”
A corporate director at Facebook is out of the company after the release of what appeared to be footage of him being caught in an underage sex sting operation.
Jeren Miles, formerly a manager of global community development at Facebook parent company Meta, departed the company after video of the apparent bust was posted to the YouTube channel of the amateur group PCI Predator Catchers Indianapolis.
Major technology companies and social media platforms have removed, suppressed or flagged the accounts of over 800 prominent individuals and organizations, including medical doctors, for COVID-19 misinformation, according to a new study from the Media Research Center (MRC).
MRC’s Free Speech America CensorTrack, an initiative that monitors acts of censorship across online platforms, identified over 41 instances between March 2020 and February 2022 in which doctors, scientists and medical organizations were censored, according to the results of a study shared with Daily Caller News Foundation.
The Left has a word for misinformation that turns out to be true. They call it, “misinformation.” Over and over again, the tech giants, cheered on by power-drunk government officials, have censored and deplatformed people who have contradicted the official narrative regarding COVID and heavy-handed public health measures that restrict freedom with dubious health benefits.
Tellingly, the demands to censor Joe Rogan rarely identify the supposed “misinformation” he peddled. Even more tellingly, the censors totally fail to acknowledge that Rogan-promoted “conspiracy theories” have a better track record than many of the articles of faith his critics promoted.
Facebook parent company Meta is on pace to lose roughly $200 billion in market value as shares plummeted early Thursday.
The company’s shares dropped as much as 23% in pre-market trading which, if the losses hold, would lose Meta roughly $200 billion in market value.
Sen. Amy Klobuchar appeared on Fox News’ Special Report Thursday night, primarily to promote an antitrust bill aimed at reforming laws that govern Big Tech and increasing competition.
A bipartisan U.S. Senate Judiciary Committee voted 16-6 Thursday to advance the legislation — The American Innovation and Choice Online Act — as bipartisan lawmakers seek to curtail the power and influence of Amazon, Apple, Facebook, Google, and others.
In short, the bill would prevent companies from “unfairly preferencing their own products and services” on their platforms while prohibiting “specific forms of conduct that are harmful to small businesses, entrepreneurs, and consumers.”
Roy Austin, vice president of civil rights for Facebook parent company Meta, pledged to crack down on “misinformation” and alleged discriminatory conduct propagated by the social media platform.
“We’re living in a time and a society where there are people who propagate obvious falsehoods,” Austin said in an interview with Axios. “My position is, when those falsehoods injure historically and systemically marginalized communities, that they don’t belong.”
Amazon and Facebook parent company Meta spent more money in 2021 lobbying lawmakers and officials than any year before, according to lobbying disclosure filings.
Amazon spent $20.3 million on lobbying while Meta spent $20.1 million in 2021, according to a review of lobbying disclosure filings by MarketWatch. The figures are record totals for both tech companies, who spent $18.9 million and $19.7 million on lobbying in 2020, respectively.
Google’s lobbying spend for 2021 clocked in at $11.5 million, while Microsoft spent $10.3 million and Apple spent $6.5 million, according to MarketWatch’s review.
Facebook and Google CEOs Mark Zuckerberg and Sundar Pichai signed off on a deal between the two companies to rig the digital advertising market, a recently unredacted lawsuit alleges.
The existence of the deal, dubbed Jedi Blue, was first revealed in a complaint filed by Republican Texas Attorney General Ken Paxton in December 2020 which alleged that Google unlawfully abused its dominance in the digital ads market. The complaint alleged that Google struck a deal with Facebook in 2018 to give the social company secret advantages in its ad exchanges, known as Open Bidding auctions, to the detriment of competitors.
An unredacted version of the complaint filed Friday alleges that Facebook CEO Mark Zuckerberg personally signed off on the deal. The complaint alleges Facebook chief operating officer Sheryl Sandberg brokered the deal with top Google executive Philipp Schindler and pushed Zuckerberg to approve.
Democratic California Rep. Ro Khanna criticized Twitter and Facebook for censoring the New York Post’s story on Hunter Biden, saying the story should not have been blocked.
“I thought it was a mistake for Twitter to take down some of this stuff about Hunter Biden, or Facebook to do that,” Khanna said during an interview with Joe Lonsdale on the American Optimist podcast while promoting his book “Dignity in a Digital Age: Making Tech Work for All of Us.”
The New York Post published a story in October 2020 detailing a meeting between Hunter Biden, then-Vice President Joe Biden and a top executive at Ukrainian gas company Burisma in 2015, relying on data recovered from a laptop reportedly belonging to Hunter. Shortly after the story was published, Twitter blocked users from sharing the link and suspended accounts that attempted to tweet it out.
Facebook parent company Meta will require its in-person workers to receive a booster shot in addition to a COVID-19 vaccine, the company announced Monday.
By March 28, Meta employees must have received the booster to use the in-person offices of Facebook, WhatsApp and Instagram, The Wall Street Journal reported. Meta is reportedly delaying the reopening of its offices until late March due to the requirement.
“We’re focused on making sure our employees continue to have choices about where they work given the current COVID-19 landscape,” Janelle Gale, Meta’s vice president of human resources, said in a statement, CNBC reported. “We understand that the continued uncertainty makes this a difficult time to make decisions about where to work, so we’re giving more time to choose what works best for them.”
Former President Donald Trump, who is building his own social media solution, on Monday night called Twitter and Facebook a “disgrace to our Nation” for their continued censorship of conservative voices and implored Americans to abandon their platforms.
Trump’s statement was released after a tumultuous 24-hour period in which freshman Republican Rep. Marjorie Taylor Greene of Georgia was banned permanently from Twitter and given a 24-hour timeout on Facebook for information she posted on COVID-19.
“Twitter is a disgrace to democracy. They shouldn’t be allowed to do business in this Country,” the former president said. “Marjorie Taylor Greene has a huge constituency of honest, patriotic, hard-working people. They don’t deserve what’s happened to them on places like low-life Twitter and Facebook.
Facebook permanently suspended the ads account of Heroes of Liberty, a conservative children’s book publisher, claiming the company’s ads violated the tech giant’s policies against “Low Quality or Disruptive Content.”
“We began investing in Facebook four months before we launched our first book,” Bethany Mandel, Heroes of Liberty editor and board member, told Fox Business. “We invested most of our marketing budget on the platform, and now our budget (the money we’ve already spent), as well as our assets and data are gone. Marketing-wise we are back in square one, financially it’s even more challenging.”
Facebook initially banned Heroes of Liberty’s Facebook Ads account on Dec. 23, according to Mandel, claiming the account “didn’t comply with our policy on Low Quality or Disruptive Content.”
Facebook suspended the account of Republican Georgia Rep. Marjorie Taylor Greene for 24 hours on Monday, one day after Twitter permanently suspended her account over repeated violations of COVID-19 misinformation policies.
Greene posted on Telegram that Facebook blocked her from posting or commenting for 24 hours for not abiding by the company’s “Community Standards” on Monday.
“This is because you previously posted something that didn’t follow our Community Standards,” Facebook’s temporary restriction announcement said, according to Greene.
A majority of Americans don’t trust major social media platforms, including TikTok, Facebook, and Instagram, to keep their data safe, according to a new poll.
Over 70% of American internet users say they don’t trust Facebook to responsibly manage their personal information or data related to their internet activity, according to the results of The Washington Post/Schar School poll released Wednesday. Similarly, 63% say they don’t trust TikTok to handle their data and 60% say they don’t trust Instagram.
Amazon and Apple were deemed the most trustworthy major tech companies, with just 40% of Americans saying they distrust the tech giants, according to the poll results.
Jefferson County, Alabama, Judge Nakita Blocton was removed from her job after numerous accusations of abuse against employees, colleagues and litigants while reportedly under the influence of Phentermine or other prescription drugs.
Blocton was accused of calling another judge a “fat bitch” and “Uncle Tom,” according to the judgment of the Alabama Court of the Judiciary.
One employee accused Blocton of forcing her and others to take Phentermine, a diet pill, to “pep” them up after working late in a complaint to the Alabama Judiciary.
A Chicago-based nonprofit funded by Facebook CEO Mark Zuckerberg funneled hundreds of millions of dollars to local election offices in what critics charge was a bid to elect Democrats in the 2020 elections, newly released IRS filings show.
The Center for Technology and Civic Life’s IRS Form 990 filing for 2020, which Just the News obtained, reveals thousands of grants to election offices across the country. IRS 990s detail where organizations received and spent money.
There is growing bipartisan concern over the power Silicon Valley’s oligopolies wield over American society. Amazon alone controls 72% of U.S. adult book sales, Airbnb accounts for a fifth of domestic lodging expenditures and Facebook accounts for almost three-quarters of social media visits. Just two companies, Apple and Google, act as gatekeepers to 99% of smartphones, while two others, Uber and Lyft, control 98% of the ride-share market in the U.S. Yet, for government to take robust antitrust action against Silicon Valley requires the kind of data it currently lacks: documenting the harm this market consolidation inflicts on consumers. A new RealClearFoundation report offers a look at how amending Section 230 of the Communications Decency Act to require platform transparency could aid such antitrust efforts.
When it comes to Silicon Valley’s social media platforms, they have long argued that antitrust laws don’t apply to them because their services are provided free of charge. In reality, users do pay for their services: with their data rather than their money. Companies today harvest vast amounts of private information about their users every day, using that data to invisibly nudge their users toward purchases and consuming ads, or the companies simply sell that data outright.
Facebook is remaining silent as to whether it will change its content policy regarding Kenosha shooter Kyle Rittenhouse, who was found not guilty of several charges Friday.
During riots in Kenosha, Wisconsin, in August 2020 after the shooting of Jacob Blake, Rittenhouse, then seventeen years old, shot three men in self-defense during an altercation, killing two of them. Rittenhouse was later arrested and charged with intentional homicide before being acquitted on all charges Friday afternoon.
A bipartisan coalition of state attorneys general launched a probe into Instagram on Thursday to examine whether the company violated state-level consumer protection laws.
The states are investigating whether Meta (formerly known as Facebook), which owns Instagram, promoted the image-sharing platform “to children and young adults” despite being aware of its negative effects, according to statements from the attorneys general. The probe cites internal Facebook communications and research leaked by former Facebook employee Frances Haugen and published by The Wall Street Journal showing Meta was aware that use of Instagram could contribute to body image and mental health issues among teens.
“When social media platforms treat our children as mere commodities to manipulate for longer screen time engagement and data extraction, it becomes imperative for state attorneys general to engage our investigative authority under our consumer protection laws,” Republican Nebraska Attorney General Doug Peterson said in a statement.
Despite massive public interest in the court proceedings in Kenosha, Wisconsin, this week, Facebook has blocked search results for the name “Kyle Rittenhouse.” Facebook shows zero posts when the query “Kyle Rittenhouse” is entered into the social media platform’s search bar. A message appears that states that “832,000 people are talking about this,” but no results show up.
An attempt to find Kyle Rittenhouse posts brings up a message informing the user that Facebook did not find any results with a prompt to make sure your spelling is correct.
Rittenhouse, 18, is currently on trial for shooting three people in Kenosha, Wisconsin, killing two of them outright during a riot in August 2020. He is charged with two counts of homicide, one count of attempted homicide, recklessly endangering safety and illegal possession of a dangerous weapon by a person under 18.
In a PolitiFact article titled “Why the COVID-19 Survival Rate Is Not Over 99%,” staff writer Jason Asenso argues that about 1.7% of U.S. residents who contract COVID-19 die from it. However, he uses a naive approach to calculate this figure, and legitimate methods show that the average COVID-19 survival rate is firmly over 99%.
Medical journals have documented the deadly harms of exaggerating the fatality rate of COVID-19. Nevertheless, Facebook is amplifying PolitiFact’s false claim by using it to censor genuine facts about this issue.
Republican Arkansas Sen. Tom Cotton and Democratic Minnesota Sen. Amy Klobuchar unveiled a bipartisan bill Friday intended to restrict how major tech companies acquire and merge with smaller firms.
The bill, titled the Platform Competition and Opportunity Act, is a companion to antitrust legislation advanced out of the House Judiciary Committee in June. If enacted, the law would shift the burden in antitrust cases to the acquiring party for mergers greater than $50 million, meaning that the acquiring firm would have to prove that its acquisition of another company was not anti-competitive.
The bill explicitly targets Big Tech companies, and it applies to firms with market capitalizations over $600 billion, at least 50,000,000 U.S.-based monthly active users or 100,000 monthly active business users. This would include Amazon, Google, Facebook and Apple.
Executives of a now-defunct photo app filed an antitrust complaint against Facebook on Thursday alleging the company schemed to end their company.
The complaint, filed by executives of a start-up image app called Phhhoto, alleges that Facebook employed anti-competitive business tactics to throttle the smaller company after it refused a business deal with the tech giant. Specifically, the suit alleges that Mark Zuckerberg personally downloaded the app, approached Phhhoto for a partnership and later pursued a campaign against the start-up after no deal materialized.
Facebook announced Tuesday it was shutting down its Face Recognition system and deleting the scans of over one billion people’s faces.
Jerome Pesenti, vice president of artificial intelligence at Facebook, announced the changes in a blog post Tuesday, citing the technology’s possible negative effects as well as regulatory uncertainty as reasons behind the decision.
Facebook lobbyists are struggling to meet with lawmakers, Politico reported, as the tech giant faces congressional scrutiny and negative press surrounding its business practices.
Several lawmakers’ offices are ignoring Facebook’s policy team and even refusing to meet with lobbyists, Politico reported. Several congressional aides told the outlet that recent news reports on Facebook’s business practices, including its knowledge of how its platform affects teen users and its amplification of “misinformation,” have contributed to lawmakers’ hostile attitudes.
“Mark Zuckerberg has done more to polarize the country probably than anyone else and yet despite that, the antipathy towards him is one of the most bipartisan things that remains in the country,” a Democratic House staffer told Politico.
Facebook Chief Executive Mark Zuckerberg announced Thursday the tech giant was changing its name to “Meta.”
Zuckerberg announced the name change at the Facebook Connect 2021 conference. The new name reflects Zuckerberg’s goal to reorient his social media company to a technology conglomerate with several different products beyond the Facebook social network, focusing on “metaverse” technology.
The “metaverse” is a virtual environment in which individuals can interact with one another through avatars and across multiple platforms and devices. Facebook called it a “new phase of interconnected virtual experiences using technologies like virtual and augmented reality” in which people interacting online can become much closer to the experience of interacting in person.”
As U.S. Attorney General Merrick Garland sat down for his first hearing before the House Judiciary Committee, denying a conflict of interest in his decision to investigate parents for “domestic terrorism,” there is a mother in the quiet suburb of Annandale, N.J., who found his answers lacking. And she has questions she wants asked at Garland’s hearing with the Senate Judiciary Committee this Wednesday.
On a recent Saturday night, Caroline Licwinko, a mother of three, a law school student and the coach to her daughter’s cheerleading squad, sat in front of her laptop and tapped three words into an internet search engine: “Panorama. Survey. Results.”
Facebook is being investigated over leaked company documents and allegations by a former employee, according to financial filings.
The company’s 10-Q form filed with the Securities and Exchange Commission (SEC) on Tuesday mentions that Facebook is “subject to government investigations and requests” seemingly related to documents leaked by former Facebook employee Frances Haugen that detail tech giant’s business practices and internal research.
Two U.S. Border Patrol agents have been fired in connection with a probe that found roughly 60 of them committed misconduct while participating in a private Facebook group that mocked migrants and lawmakers, investigators said Monday.
Most agents’ penalties were significantly reduced from those recommended by an internal agency review board, according to a House Oversight and Reform committee staff report obtained by the Associated Press.
A new report reveals that multiple private grants tied to the Big Tech giant Facebook overwhelmingly backed Democratic candidates and counties in the state of Pennsylvania in 2020, as reported by the New York Post.
The report by the publication Broad + Liberty (BL) reveals that one such grant, the Center for Tech and Civic Life (CTCL), spent more money on turning out registered voters in Democrat-majority counties than Republican-majority counties. In addition to the increased push for voter turnout, these counties were given a jumpstart on this grant and information on how to apply by state officials.
A series of new leaks from Big Tech giant Facebook has revealed even more bias against conservatives from the company’s employees, even to the point of causing internal debates between employees and upper management, according to the New York Post.
The latest leaks come from message board conversations reviewed by the Post, which showed back-and-forth discussions within Facebook about how to deal with conservative news outlets during last year’s race riots by far-left domestic terrorist organizations such as Black Lives Matter and Antifa.
Some employees expressed their desire to completely remove sites such as Breitbart from Facebook’s “News Tab” feature. When one such employee asked a manager about doing so, the manager responded by pointing out that “we saw drops in trust in CNN 2 years ago,” before rhetorically asking “would we take the same approach for them too?”
Two Pennsylvania state senators said recently they want to hold social media companies accountable for religious or political censorship.
Sens. Doug Mastriano, R-Gettysburg, and Scott Hutchinson, R-Oil City, said their Senate Bill 604, also called the Social Media Accountability Act, would create a private right of action to allow residents to sue social media companies like Facebook, Youtube and Twitter for banning or censoring their account due to sharing religious or political beliefs on the platform.
Another former Facebook employee filed a whistleblower complaint Friday with the Securities and Exchange Commission alleging that the tech giant misled its investors by failing to combat the spread of hate and misinformation on its platform, The Washington Post reported.
The former employee, whose name is not yet public, alleged that Facebook executives chose not to pursue adequate content moderation policies related to hate speech and misinformation for the sake of maximizing profits. The complaint also alleges that Facebook did not do enough about alleged Russian misinformation on the platform for fear of upsetting former President Donald Trump.
In particular, the complaint alleges that Trump and his associates received preferential treatment, according to the Post.
Major tech companies are continuing to require their employees to be vaccinated at their Texas facilities, in violation of Gov. Greg Abbott’s executive order banning all vaccine mandates.
Abbott signed an executive order on Oct. 11 prohibiting “any entity,” including private businesses, government contractors and local schools, from imposing a requirement that employees be vaccinated as a condition of employment. However, Google, Facebook, HPE, Twitter and Lyft have yet to lift their vaccine mandates in response to the order, Protocol first reported.
HPE spokesman Adam Bauer confirmed the company had not changed its vaccine policy, and told the Daily Caller News Foundation that the company was making “vaccination a condition of employment for U.S. team members to comply with President Biden’s executive order and remain in good standing as a federal contractor.”
During Wednesday’s hours-long grilling of Attorney General Merrick Garland by the U.S. House Judiciary Committee, which mainly focused on the events of January 6 and Garland’s directive to investigate parents who speak School Board meetings, one critical question went almost unnoticed.
Rep. Andy Biggs (R-AZ-05) questioned Garland about Facebook CEO Mark Zuckerberg’s $400 million spending spree during the 2020 election. The money was allocated through Zuckerberg-funded non-profits the Center for Tech and Civic Life, described by Influence Watch as an “organization [that] pushes for left-of-center voting policies and election administration,” and the Center for Election Innovation and Research.
Facebook’s Oversight Board issued a transparency report Thursday scolding the tech giant for concealing details of its content review process and demanding more transparency.
The report criticized Facebook for failing to disclose the existence of its “cross-check” content review system, the details of which were leaked to The Wall Street Journal by Frances Haugen and published in September. The cross-check system applies different moderation standards to accounts belonging to celebrities or other popular accounts, which Facebook did not disclose when asked.
Facebook is reportedly planning on rebranding and is set to announce a new company name next week, according to The Verge.
Chief executive Mark Zuckerberg intends to announce the new name at the Facebook Connect conference on Oct. 28, a source familiar with the matter told The Verge. The rebrand is reportedly an attempt by Zuckerberg to shift public perception of the company as a social media platform to a technology conglomerate with several different products beyond the Facebook social network.
Facebook’s seemingly-unending stream of bad publicity continued this week, when it was fined nearly $70 million by the United Kingdom for what is being described as a deliberate lack of compliance into an anti-trust investigation.
The UK’s Competition and Markets Authority (CMA) has been investigating Facebook’s acquisition of Giphy for nearly a year, and ordered the company to produce information “required information related to an initial enforcement order (IEO) placed on it by the watchdog, despite repeated requests for it to do so,” according to TechCrunch.