In a speech at Stanford University, Former President Barack Obama warned that disinformation is causing the “weakening of democratic institutions around the world,” and questioned the ability of tech companies like Facebook, Twitter and YouTube to fully rein in burgeoning misinformation on their platforms. “One of the biggest reasons for democracy’s weakening is the profound change that’s taken place in how we communicate and consume information,” Obama began in his speech. “For more and more of us, search and social media platforms aren’t just our window into the internet, they serve as our p...
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This week was a financially disastrous one for Meta, the umbrella company formerly known as Facebook that now encompasses the apps Facebook, Instagram, Whatsapp and Messenger. Meta’s Chief Executive Mark Zuckerberg laid out the issue in an earnings report on Wednesday, where he reported that spending on his virtual world concept of the Metaverse was over $10 billion and counting, which is ten times what they paid to acquire Instagram in 2012. This caused profits for the last quarter of 2021 to fall by 8%. The release of the earnings report caused a domino effect, and on Thursday Meta’s stock s...
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