Tuesday November 13, 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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Teenage Girls Being Urged To Befriend ‘Middle-Aged Men’ On Facebook: Report

In October, Facebook had removed 8.7 million user images of child nudity

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Fake News, Facebook, dating
This photo shows the logo for Facebook on screens at the Nasdaq MarketSite, in New York's Times Square. VOA

Facebook is encouraging grooming by offering teenage girls middle-aged men as ‘friend suggestions’, the media reported.

Teenage girls, as young as 13-year-olds, who join the social network are given up to 300 suggestions for who they can add as friends, some of which include middle-aged men who are topless in their profile photos, The Telegraph reported late on Saturday.

Facebook has said that was not a typical experience for teenagers for signing up for the service and that it has safeguards built into its recommendation system.

Following the findings, UK-based charity the National Society for the Prevention of Cruelty to Children (NSPCC) has called for friend recommendations to be suspended for children on the social networking giant’s platform.

Facebook, myanmar
A cellphone user looks at a Facebook page at a shop in Latha street, Yangon, Myanmar. VOA

‘Groomers are seeking to infiltrate children’s friendship groups on social networks, often with the intention to move children to live streaming or encrypted sites where it is easier for them to commit sexual abuse,” Andy Burrows, NSPCC Associate Head of Child Safety Online, was quoted as saying.

“Social media algorithms risk making it easier for groomers to find and contact children and ‘friend of friend’ or ‘new follower’ recommendations can add legitimacy to their requests, which is why we are calling for these features to be blocked for children.

“For too long social networks have failed to make their platforms safe for children, and that is why the Home Secretary must commit to strong and effective regulation to finally ensure that children’s safety is non-negotiable,” she said.

According to Facebook, the company has safeguards to protect children. However, the campaigners warn that the networking giant must do more to stop groomers who use the site to become friendly with children.

facebook, U.S. Politicals ads, dating
This photo shows a Facebook app icon on a smartphone in New York. VOA

“Grooming is incredibly serious, and we have teams specifically focused on keeping children safe, informed by extensive research and outside experts,” said a spokesman for Facebook, the Daily Mail reported on Saturday.

“We use artificial intelligence to proactively identify cases of inappropriate interactions with minors and we refer potential abuse to law enforcement.

“We limit how children can be found in search, we remind them to only accept friend requests from people they know and we caution them before making public posts.”

Also Read: Twitter Giving Its Users More Freedom To Report Fake, Suspicious Accounts

In October, Facebook had removed 8.7 million user images of child nudity with the help of previously undisclosed machine learning software that automatically flagged such photos during the last quarter.

The company has said that it is also considering rolling out systems for spotting child nudity and grooming to Instagram. (IANS)