Wednesday April 25, 2018
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Facebook might lose $23 billion

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

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In India, Facebook has run a small test with users to enter their names as per their Aadhaar, to help them sign up to the social network with their real names and connect with friends and family.
In India, Facebook has run a small test with users to enter their names as per their Aadhaar, to help them sign up to the social network with their real names and connect with friends and family.
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  • Facebook recently was on the verge of losing $23 billion after they decided to make some changes in the News Feed feature.
  • The change was announced in order to make the time spent on the social networking site more meaningful.
  • However, the change leads to a 4% fall in the share of the Facebook.

Facebook was on course to lose 17 billion pounds ($23 billion) of its value after it announced it was making changes to its News Feed feature that will allow users to see more updates from family and friends than posts from businesses, brands and media.

Facebook share fell 4 percent within hours after Facebook CEO Mark Zuckerberg announced the changes to make the social network more meaningful, The Sun reported.

This change was supposed to make Facebook more meaningful. Pixabay
This change was supposed to make Facebook more meaningful. Pixabay

This could also result in lining them up for its worst financial position in more than three months — and Zuckerberg losing $3.3 billion of his own personal net worth.

“One of our big focus areas for 2018 is making sure the time we all spend on Facebook is time well spent. We built Facebook to help people stay connected and bring us closer together with the people that matter to us,” Zuckerberg posted on Facebook late on Thursday.

The CEO said that Facebook has got a feedback from the community that public content — posts from businesses, brands and media — is crowding out the personal moments that lead us to connect more with each other.

The change will show more posts by family and friends instead of brands and businesses, Pixabay
The change will show more posts by family and friends instead of brands and businesses, Pixabay

“We’re making a major change to how we build Facebook. I’m changing the goal I give our product teams from focusing on helping you find relevant content to help you have more meaningful social interactions,” he said.

“As we roll this out, you will see less public content like posts from businesses, brands, and media. And the public content you see more will be held to the same standard — it should encourage meaningful interactions between people,” Zuckerberg added.

This planned change sparked fears people will spend less time on the site, leading to its share stock suddenly dropping.

Zuckerberg admitted that the new changes might not pay off at first, but believes it is important users have more meaningful social interactions, The Sun said. IANS

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Facebook Takes Action on The Terror-Related Content

Facebook took action on 1.9mn terror-related content

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Facebook page.
Facebook. Pixabay

Facebook took action on 1.9 million pieces of content related to the Islamic State (IS) and Al Qaeda in the first quarter of 2018, twice as much as the last quarter of 2017.

The key part is that Facebook found the vast majority of this content on its own.

“In Q1 2018, 99 per cent of the IS and Al Qaeda content we took action on was not user reported,” Monika Bickert, Vice President of Global Policy Management at Facebook, said in a blog post late on Monday.

“Taking action” means that Facebook removed the vast majority of this content and added a warning to a small portion that was shared for informational or counter speech purposes.

The Facebook's image.
Facebook. Pixabay

“This number likely understates the total volume, because when we remove a profile, Page or Group for violating our policies, all of the corresponding content becomes inaccessible.

But we don’t go back through to classify and label every individual piece of content that supported terrorism,” explained Brian Fishman, Global Head of Counterterrorism Policy at Facebook.

Facebook now has a counter-terrorism team of 200 people, up from 150 in June 2017.

Also Read: British Campaigner Sues Facebook Over Fake Ads

“We have built specialised techniques to surface and remove older content. Of the terrorism-related content we removed in Q1 2018, more than 600,000 pieces were identified through these mechanisms,” the blog post said.

“We’re under no illusion that the job is done or that the progress we have made is enough,” said Facebook.

“Terrorist groups are always trying to circumvent our systems, so we must constantly improve,” the company added.  IANS

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