Showing posts with label Facebook CEO. Show all posts
Showing posts with label Facebook CEO. Show all posts

Saturday, November 19, 2016

Facebook's Zuckerberg discloses steps to fight fake news


Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the US presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening.

Facebook has long insisted that it is a technology company and not a publisher, and rejects the idea that it should be held responsible for the content that its users circulate on the platform. Just after the election, Zuckerberg said the notion that fake or misleading news on Facebook had helped swing the election to Donald Trump was a "crazy idea."

Zuckerberg then said last Saturday that more than 99 percent of what people see on Facebook is authentic, calling "only a very small amount" fake news and hoaxes.

But in his Friday posting Zuckerberg struck a decidedly different tone. He said Facebook has been working on the issue of misinformation for a long time, calling the problem complex both technically and philosophically.

"While the percentage of misinformation is relatively small, we have much more work ahead on our roadmap," Zuckerberg said.

He outlined a series of steps that were already underway, including greater use of automation to "detect what people will flag as false before they do it themselves."

He also said Facebook would make it easier to report false content, work with third-party verification organizations and journalists on fact-checking efforts, and explore posting warning labels on content that has been flagged as false. The company will also try to prevent fake-news providers from making money through its advertising system, as it had previously announced.

Zuckerberg said Facebook must be careful not to discourage sharing of opinions or mistakenly restricting accurate content. "We do not want to be arbiters of truth ourselves, but instead rely on our community and trusted third parties," he said.

Facebook historically has relied on users to report links as false and share links to myth-busting sites, including Snopes, to determine if it can confidently classify stories as misinformation, Zuckerberg said. The service has extensive "community standards" on what kinds of content are acceptable.

Facebook faced international outcry earlier this year after it removed an iconic Vietnam War photo due to nudity, a decision that was later reversed. The thorniest content issues are decided by a group of top executives at Facebook, and there have been extensive internal conversations at the company in recent months over content controversies, people familiar with the discussions say.

Among the fake news reports that circulated ahead of the US election were reports erroneously alleging Pope Francis had endorsed Trump and that a federal agent who had been investigating Democratic candidate Hillary Clinton was found dead.

source: interaksyon.com

Tuesday, September 15, 2015

WATCH | Mark Zuckerberg gives free tour of new Facebook HQ


MANILA, Philippines — Facebook CEO Mark Zuckerberg has posted a behind-the-scenes video tour of their new headquarters in California.

In an almost four-minute video, Zuckerberg took viewers to a quick tour using Facebook’s “Live” function, a live-streaming video capability similar to apps such as Periscope and Meerkat.

“Hey, how’s it going? This is our first live video that we are taking at Facebook headquarters,” Zuckerberg said at the opening of the video.

The 31-year-old multi-billionaire chief executive of the social networking giant highlighted the open and transparent work-floor plan of their new office dubbed MPK20, which is a 430,000-square-foot building in Menlo Park designed by acclaimed architect Frank Gehry.

Zuckerberg is set to host tomorrow Indian Prime Minister Narendra Modi at MPK20 for a town hall-style question and answer.

source: interaksyon.com

Monday, December 3, 2012

Mark Zuckerberg Made $3.5 Billion Last Month


November was a good month for Facebook and its CEO Mark Zuckerberg.

Facebook‘s stock shot up from $21.08 a share on the first day of trading in November to $28 a share at the end of the day Friday, its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock, gained about $3.48 billion as a result.

When Facebook first went public at $38 a share in May, Zuckerberg’s shares were worth $19.1 billion. In the following months, the stock dropped to less than half that IPO price to $17.55 in late August, pushing Zuckerberg’s net worth down to $8.84 billion.

Since then, Facebook’s stock has recovered in fits and starts and so has Zuckerberg’s wealth. November proved to be by far the most robust growth month for the stock to date, thanks to two big factors. First, the company had a strong earnings report in late October, which showed that Facebook was making progress in monetizing mobile. Secondly, the second and largest lockup period for stocks held by employees finally expired in the middle of November, which was something investors had been dreading for months and arguably held down the stock price.

As of Friday, Zuckerberg’s net worth was $14.1 billion and will likely only continue to grow in December.

Facebook’s stock is approaching $30 a share and analysts continue to raise their price targets for the stock on the potential to generate money from mobile ads and other revenue sources like the recently launched Gifts service. Arvind Bhatia, an analyst with Sterne Agee, upped his price target on the stock last week from $26 a share to $32 a share. Likewise, Topeka Capital raised their price target from $34 a share to $36 a share.

Perhaps Zuckerberg and Facebook will manage to end this year on an up note after all.

source: mashable.com

Thursday, October 4, 2012

Facebook Hits One Billion Active Users


Facebook has officially reached one billion active users, Facebook CEO and co-founder Mark Zuckerberg has announced.

In an official blog post, he writes:
This morning, there are more than one billion people using Facebook actively each month. If you’re reading this: thank you for giving me and my little team the honor of serving you.

Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life. I am committed to working every day to make Facebook better for you, and hopefully together one day we will be able to connect the rest of the world too.

Facebook had 955 million active users in July 2012, and though gaining 45 million users is not a small task, it seems as if the world’s biggest online social network took a little bit more time than expected reaching the 1 billion milestone.

Still, it’s an enormous number, dwarfing most other players in the social networking space by orders of magnitude. It took Facebook several years to reach the magical 100 million number back in 2008, but from then on it seemed like Mark Zuckerberg’s baby could not be stopped.

However, despite its ever-expanding user base, Facebook started looking vulnerable after its stock plummeted following the less-than-stellar initial public offering in May 2012.

source: mashable.com