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Facebook Gets Paid – Facebook’s Global Ad Machine Is The Company’s $80 Billion Annual Lifeblood.
Workers Say It Puts Profits Over People. Facebook is on track for record ad revenue this year.
That’s partly due to its lax approach to stopping scammers, hackers, and disinformation peddlers who buy ads that rip off and manipulate people, say former and current workers. Facebook’s handling of TikTok’s ads is one of many examples of its advertising system run amok, and the company’s ongoing prioritization of revenue over the safety of its 3 billion users, the public good, and the integrity of its own platform.
https://www.buzzfeednews.com/article/craigsilverman/facebook-ad-scams-revenue-china-tiktok-vietnam
Revealed: Mark Zuckerberg threatened to pull UK investment in secret meeting with Matt Hancock. The government has fought for two years to prevent the release of minutes from the meeting between Zuckerberg and Hancock after the details were requested by the Bureau in November 2018 https://www.thebureauinvestigates.com/stories/2020-12-08/revealed-mark-zuckerberg-threatened-to-pull-uk-investment-in-secret-meeting-with-matt-hancock
U.S. Supreme Court justices struggled to apply a decades-old federal ban on robocalls as they considered whether to allow a lawsuit accusing Facebook Inc. of sending repeated unwanted text messages.The 80-minute argument indicated that several justices read the 1991 law as not applying to calls or texts that go to a wrong number, as Facebook says may have happened in its case. Other justices suggested they were simply frustrated by the task of making sense of an ambiguous statute enacted long before Facebook existed or mobile phones were in widespread use.”Don’t you think it’s rather odd that we are applying a statute that’s almost anachronistic if not vestigial to a modern technology like Facebook and instant messaging, et cetera?” Justice Clarence Thomas asked. “Don’t you think that at some point, there’s at least a sense of futility?”
48 State AGs File Lawsuit Against Facebook Alleging It Stifled Competition, Compromised Privacy
New York Attorney General Letitia James, who is leading the action, said Facebook leveraged market power “so it could take advantage of users and make billions by converting personal data into a cash cow.” https://www.law.com/newyorklawjournal/2020/12/09/48-state-ags-file-lawsuit-against-facebook-alleging-it-stifled-competition-compromised-privacy/
Yes, Facebook Has Become a Menace
It’s not too late for the government to take back power from Big Tech.
https://www.nytimes.com/2020/12/10/opinion/facebook-antitrust-ftc.html
