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Shares of Facebook Inc. Cl A FB, +0.90% inched 0.90% higher to $305.26 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.72% rising 0.72% to 13,124.99 and the Dow Jones Industrial Average DJIA, +1.29% rising 1.29% to 34,021.45. Facebook Inc. Cl A closed $26.55 short of its 52-week high ($331.81), which the company achieved on April 29th. The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. MSFT, +1.69% rose 1.69% to $243.03, Alphabet Inc. Cl A GOOGL, +1.31% rose 1.31% to $2,229.04, and Twitter Inc. TWTR, -1.16% fell 1.16% to $50.11. Trading volume (17.8 M) remained 2.8 million below its 50-day average volume of 20.5 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.  » Read More

The majority of anti-vaccine claims on social media trace back to a small number of influential figures, according to researchers. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images The majority of anti-vaccine claims on social media trace back to a small number of influential figures, according to researchers. Chandan Khanna/AFP via Getty Images Researchers have found just 12 people are responsible for the bulk of the misleading claims and outright lies about COVID-19 vaccines that proliferate on Facebook, Instagram and Twitter. "The 'Disinformation Dozen' produce 65% of the shares of anti-vaccine misinformation on social media platforms," said Imran Ahmed, chief executive of the Center for Countering Digital Hate, which identified the accounts. Now that the vaccine rollout is reaching a critical stage, in which most adults who want the vaccine have gotten it but many others are holding out, these 12 influential social media users stand to have an outsized impact on the outcome.  » Read More

Shares of Facebook Inc. Cl A FB, -1.30% slipped 1.30% to $302.55 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -2.67% falling 2.67% to 13,031.68 and Dow Jones Industrial Average DJIA, -1.99% falling 1.99% to 33,587.66. Facebook Inc. Cl A closed $29.26 short of its 52-week high ($331.81), which the company achieved on April 29th. Despite its losses, the stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT, -2.94% fell 2.94% to $239.00, Alphabet Inc. Cl A GOOGL, -3.08% fell 3.08% to $2,200.25, and Twitter Inc. TWTR, -4.12% fell 4.12% to $50.70.true Trading volume (24.4 M) eclipsed its 50-day average volume of 20.7 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.  » Read More

Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration//File PhotoDigital currency group Diem Association, formerly known as Facebook Inc (FB.O)'s Libra project, plans to launch a U.S. dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said on Wednesday.The association, which comprises 26 financial firms and non-profits, said it was relocating its main operations from Switzerland to the United States and withdrawing its payment system license application with the Swiss financial regulator.Diem Networks U.S., a unit of the Deim Association, will run a blockchain-based payment system that allows real-time transfer of Diem stablecoins and will register as a money services business with the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the group said.Stablecoins are digital currencies pegged to a fiat currency. California-based Silvergate Bank will issue the Diem USD stablecoin and manage the Diem USD reserve. Diem said it would launch a pilot of the stablecoin,  » Read More

The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/File PhotoThe judge in the U.S. government's antitrust case against Facebook Inc (FB.O) said on Tuesday the social media company's motion to dismiss the lawsuit "raises a number of serious challenges" and put the discovery process on hold.In a brief order, Judge James Boasberg of the U.S. District Court for the District of Columbia said he expected to rule on the motion to dismiss next month."Given that Facebook's motion to dismiss raises a number of serious challenges to the complaint," the judge wrote in a brief order, it would be premature to exchange documents until he has a chance to decide if some or all of the complaint will be tossed out.Facebook had asked the court to dismiss both lawsuits, one brought by the Federal Trade Commission and the other by a big group of states, alleging they were brought "in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns."Facebook said in a second filing that a recent Supreme Court ruling meant the FTC lawsuit against it calling for the sale of WhatsApp and Instagram should…

Bloomberg‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers(Bloomberg) -- Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she said. “A little eccentric.”Besides, she needed the job.The global financial crisis hadn’t eased up. Despite graduating near the top of her class and serving on the law review, she’d been biding her time at a Chicago-area WhirlyBall, booking children’s birthday parties.And he needed some help. Fritzshall & Associates comprised only Fritzshall, a legal intern, and his legal secretary, after the previous associate departed suddenly.McLean was thrilled when he extended her an offer, even if it was part time. When he agreed to get malpractice insurance, she accepted.It looked like her break.But within weeks, McLean would realize that Fritzshall was no longer capable of managing his practice.  » Read More

Despite Facebook’s repeated assurances that it would address poor workplace conditions for its content moderators, often contractors who spend their days reviewing graphic and violent images posted on the site, little has changed at the company, a former Facebook content moderator said in an interview that aired Monday on “NBC Nightly News.”Josh Sklar, a former Accenture subcontractor based in Austin, Texas, who moderated content for Facebook and Instagram from September 2018 through March, said that working conditions had scarcely improved for content moderators and that they continue to review large quantities of often traumatic posts. Sklar was one of approximately 15,000 people who spend hours a day combing through the dark side of the social network, flagging posts that violate its content policies.“You're reviewing, you know, maybe hundreds of pieces of content a day, and of that content, a really healthy percentage of it is bad stuff,” he said. “I mean, we're talking everything from hate speech, to animal mutilation, to videos of people committing suicide, child pornography.”Sklar said he was assigned to do this for over six hours every day,  » Read More

Shares of Facebook Inc. Cl A FB, -4.11% shed 4.11% to $305.97 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -2.55% falling 2.55% to 13,401.86 and Dow Jones Industrial Average DJIA, -0.10% falling 0.10% to 34,742.82. This was the stock's second consecutive day of losses. Facebook Inc. Cl A closed $25.84 below its 52-week high ($331.81), which the company reached on April 29th. The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -2.09% fell 2.09% to $247.18, Alphabet Inc. Cl A GOOGL, -2.56% fell 2.56% to $2,291.75, and Twitter Inc. TWTR, -3.68% fell 3.68% to $51.81. Trading volume (24.0 M) eclipsed its 50-day average volume of 20.2 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.  » Read More

In a company wide question and answer session held last Thursday with the Facebook employees, the Chief Executive Officer of the Social media giant, Facebook, Mark Zuckerberg answered a question related to the recent turnaround in his recent posts available on his Facebook page. These posts also included a joke Mark made referencing the famous actor, Vin Diesel, a few days ago. The CEO accepted the fact that his public image has always been really serious emphasizing on being squarely robotic but he further said that life is too short to be serious all the time. A transcript based on Marks comments was also reviewed by the well known digital media platform, The Information.For a 36 years old person who has always posted sober posts on his Facebook page depicting the company’s struggle in dealing with regulatory and public relations nightmares, such admission related to life being too short was really a memorable moment for the co founder of this social media giant. Zuckerberg’s posts have taken a playful turnaround where he is found to be discussing everything from a newly introduced Facebook product to sharing memes.  » Read More

Topline Conservative commentary and news were the top performing posts on Facebook again this week, including a wildly popular post from evangelical leader Franklin Graham praising a Texas town's attempt to become “sanctuary city” for the unborn, a reflection of the continued dominance of conservatives on the site. JUNO BEACH, FLORIDA - MAY 08: Florida governor Ron DeSantis meets with fans during Day One of The ... Walker Cup at Seminole Golf Club on May 08, 2021 in Juno Beach, Florida. (Photo by Cliff Hawkins/Getty Images) Getty Images Key Facts The social media site’s top link post since May 2, according to data from CrowdTangle, an analytics tool owned by Facebook, was Graham’s sharing of a local news story about the Texas city of Lubbock’s attempt to outlaw abortion.  Lubbock is the latest of around two dozen cities that have tried to prohibit abortions from being performed locally, banning the procedure even in instances of rape and incest in a new ordinance that opponents have labeled an unconstitutional ban and that will likely draw legal challenges.    » Read More