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'Facebook Papers' hit as platform reports billions in profit | Malay Mail

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'Facebook Papers' hit as platform reports billions in profit | Malay Mail
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SAN FRANCISCO, Oct 26 ― Facebook announced over US$9 billion (RM37.4 billion) in quarterly profits yesterday, hours after a US news collective published a deluge of withering reports arguing the company prioritises its growth over people's safety. The social media giant has been battling a fresh...

were among those that have now received access to the set of internal Facebook documents that Haugen originally leaked to US authorities and which were the basis of a damning Wall Street Journal series.

Facebook has assailed the reporting as an effort to cast the social network used by billions of people in an inaccurate light. “Good faith criticism helps us get better, but my view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company,” Zuckerberg said in an earnings call.Haugen, who testified on social media before British lawmakers yesterday, has repeatedly said the company puts its continuous growth, and thus profits, before the well-being and safety of users. “Facebook has been unwilling to accept even little slivers of profit being sacrificed for safety, and that's not acceptable,” she told the lawmakers, adding that angry or hate-fuelled content “is the easiest way to grow” the social media platform. Facebook has been hit by major crises previously, but the current view behind the curtain of the insular company has fuelled a frenzy of scathing reports and a renewed push from US lawmakers to crack down on social media.story out Monday said Zuckerberg had personally signed off on a push from Vietnam's authoritarian government to limit the spread of so-called “anti-state” posts. A report from Politico called the documents a “treasure trove for Washington's anti-trust fight” against the platform, revealing internal employee chats about Facebook global dominance. One of yesterday's reports, from website The Verge, plunged into the company's own worries for its future. “Teenage users of the Facebook app in the US had declined by 13 per cent since 2019 and were projected to drop 45 per cent over the next two years, driving an overall decline in daily users in the company's most lucrative ad market,” the story said, citing internal company research. ― AFP

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