The Almighty Buck

Metaverse Could Contribute Up To 2.4% of US GDP By 2035, Study Shows (reuters.com) 88

A study commissioned by Meta has found that the metaverse could contribute around 2.4% to U.S. annual GDP by 2035, equating to as much as $760 billion. Reuters reports: The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or overlay information digitally on images of the real world, according to the report by consulting firm Deloitte. Economic gains may come from the use of the technologies in the defense, medical and manufacturing sectors, plus entertainment use cases such as video games and communication, the report said.

Social media giant Meta, which pivoted its focus on building metaverse technologies in 2021, has forecast the tech would eventually replace mobile as the main computing platform. In a separate report, Meta said the European Union may see an increased economic opportunity of up to 489 billion euros ($538.29 billion) in annual GDP by 2035 or about 1.3%-2.4% of its total GDP. The metaverse could contribute between C$45.3 billion ($33.88 billion) and C$85.5 billion to Canada's annual GDP by 2035, Deloitte said.
Last year, a Meta-funded report estimated that metaverse adoption would contribute $3.01 trillion by 2031.
Businesses

LinkedIn Will Cut Over 700 Jobs Worldwide and Shut Its China App (nytimes.com) 21

LinkedIn, the networking platform used by millions of employees and companies, said on Monday it will pare down its operations in China, capping a multiyear pullback that exemplified the challenges of running a foreign business in China. From a report: The company, owned by Microsoft, said it will lay off 716 employees worldwide, including teams dedicated to engineering and marketing in China, because of slumping demand. It did not say how many of those layoffs will be in China. LinkedIn will also shut its China job posting app, a bare-bones version of its international service, by August. Users of the app, called InCareer, could only search for jobs and not post or share articles the way they can on LinkedIn.

When LinkedIn started a Chinese-language version of its website in 2014, it charted a path that its peers, including Facebook and Google, had shied away from. It partnered with local firms and began censoring the content of millions of Chinese customers in accordance with Beijing's strict laws. Several U.S. journalists and activists said their profiles had been blocked because of "prohibited content." The company said at the time that while it opposed government censorship, its absence in the country could deprive Chinese professionals of the chance to make professional connections.

AI

Meta Open-Sources Multisensory AI Model That Combines Six Types of Data (theverge.com) 10

Meta has announced a new open-source AI model that links together multiple streams of data, including text, audio, visual data, temperature, and movement readings. From a report: The model is only a research project at this point, with no immediate consumer or practical applications, but it points to a future of generative AI systems that can create immersive, multisensory experiences and shows that Meta continues to share AI research at a time when rivals like OpenAI and Google have become increasingly secretive. The core concept of the research is linking together multiple types of data into a single multidimensional index (or "embedding space," to use AI parlance). This idea may seem a little abstract, but it's this same concept that underpins the recent boom in generative AI.
Facebook

Facebook Has 3 Billion Users. Many of Them Are Old. (cbsnews.com) 102

Facebook says it is not dead. Facebook also wants you to know that it is not just for "old people," as young people have been saying for years. From a report: Now, with the biggest thorn in its side -- TikTok -- facing heightened government scrutiny amid growing tensions between the U.S. and China, Facebook could, perhaps, position itself as a viable, domestic-bred alternative. There's just one problem: young adults like Devin Walsh (anecdote in the story) have moved on. [...] Today, 3 billion people check it each month. That's more than a third of the world's population. And 2 billion log in every day. Yet it still finds itself in a battle for relevancy, and its future, after two decades of existence. For younger generations -- those who signed up in middle school, or those who are now in middle school, it's decidedly not the place to be. Without this trend-setting demographic, Facebook, still the main source of revenue for parent company Meta, risks fading into the background -- utilitarian but boring, like email.
AI

ChatGPT is Powered by $15-an-Hour Contractors (nbcnews.com) 96

An anonymous reader shared this report from NBC News: Alexej Savreux, a 34-year-old in Kansas City, says he's done all kinds of work over the years. He's made fast-food sandwiches. He's been a custodian and a junk-hauler. And he's done technical sound work for live theater.

These days, though, his work is less hands-on: He's an artificial intelligence trainer.

Savreux is part of a hidden army of contract workers who have been doing the behind-the-scenes labor of teaching AI systems how to analyze data so they can generate the kinds of text and images that have wowed the people using newly popular products like ChatGPT. To improve the accuracy of AI, he has labeled photos and made predictions about what text the apps should generate next.

The pay: $15 an hour and up, with no benefits... He credits the AI gig work — along with a previous job at the sandwich chain Jimmy John's — with helping to pull him out of homelessness.

"Their feedback fills an urgent and endless need for the company and its AI competitors: providing streams of sentences, labels and other information that serve as training data," the article explains: "A lot of the discourse around AI is very congratulatory," said Sonam Jindal, the program lead for AI, labor and the economy at the Partnership on AI, a nonprofit based in San Francisco that promotes research and education around artificial intelligence. "But we're missing a big part of the story: that this is still hugely reliant on a large human workforce," she said...

A spike in demand has arrived, and some AI contract workers are asking for more. In Nairobi, Kenya, more than 150 people who've worked on AI for Facebook, TikTok and ChatGPT voted Monday to form a union, citing low pay and the mental toll of the work, Time magazine reported... Time magazine reported in January that OpenAI relied on low-wage Kenyan laborers to label text that included hate speech or sexually abusive language so that its apps could do better at recognizing toxic content on their own. OpenAI has hired about 1,000 remote contractors in places such as Eastern Europe and Latin America to label data or train company software on computer engineering tasks, the online news outlet Semafor reported in January...

A spokesperson for OpenAI said no one was available to answer questions about its use of AI contractors.

Facebook

FTC Proposes Barring Meta From Monetizing Kids' Data (cnbc.com) 11

The FTC is proposing to prevent Meta from monetizing children's data due to alleged violations of a 2020 privacy order. CNBC reports: According to the FTC, an independent assessor found "several gaps and weaknesses in Facebook's privacy program" that posed "substantial risks to the public." The company had agreed to independent assessments of its updated privacy program as part of the 2020 settlement, under which Facebook paid a $5 billion civil penalty following an FTC investigation around the Cambridge Analytica data scandal. The FTC alleges Facebook also violated an earlier 2012 order by continuing to allow app developers access to private user information. Facebook allowed third-party apps to access user data until mid-2020 in some cases, the FTC alleges. The FTC is also accusing Meta of violating the Children's Online Privacy Protection Rule by misrepresenting parental controls on its Messenger Kids app. The COPPA Rule requires parental consent for websites to collect personal information from kids under 13. The FTC alleged that while the company marketed that the app would only allow kids to talk with contacts their parents approved, children were able to communicate with additional contacts in group chats or group video calls in some circumstances.

As a result, the FTC is proposing to strengthen the terms of the 2020 agreement to put additional restrictions on the company, which would apply to all of Meta's services including Facebook, Instagram, WhatsApp and Oculus. The proposed terms include a blanket ban on monetizing data from users under 18. That means any data collected from these users could only be used for security reasons and any data collected while users are under age could not be later monetized once they turn 18. The FTC also seeks to impose a pause on the company's ability to launch new or modified products or services until the independent assessor confirms in writing that Meta's privacy program is in full compliance with the terms of the agreement. Compliance with the 2020 order would also extend to any companies Meta acquires or merges with. The proposal would also require Meta to get affirmative consent from users for future use of facial recognition technology.
Facebook spokesperson Andy Stone called the FTC's move a "political stunt." He said in a statement: "Despite three years of continual engagement with the FTC around our agreement, they provided no opportunity to discuss this new, totally unprecedented theory. We have spent vast resources building and implementing an industry-leading privacy program under the terms of our FTC agreement. We will vigorously fight this action and expect to prevail."
Security

ChatGPT-related Malware on the Rise, Meta Says (reuters.com) 8

Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. From a report: Since March, the social media giant has found around 10 malware families and more than 1,000 malicious links that were promoted as tools featuring the popular artificial intelligence-powered chatbot, it said in a report. In some cases, the malware delivered working ChatGPT functionality alongside abusive files, the company said. Speaking at a press briefing on the report, Meta Chief Information Security Officer Guy Rosen said that for bad actors, "ChatGPT is the new crypto."
AI

Co-Founders of Google DeepMind and LinkedIn Launch Chatbot (ft.com) 23

The co-founders of Google DeepMind and LinkedIn have launched an AI chatbot called Pi (Warning: source paywalled; alternative source), which aims to provide relaxed and supportive conversations rather than information or specific tasks, distinguishing itself by encouraging dialogue and inquiry from users. The Financial Times reports: The first product from the year-old AI start-up behind Pi, Inflection AI, comes as the growing hype around generative AI drives a surge of investor and consumer interest. Users of Pi can have personal conversations with the chatbot, either directly via an app, or through text, WhatsApp, Instagram and Facebook. Inflection AI chief executive Mustafa Suleyman described the chatbot as having the persona of a sympathetic sounding board, rather than trying to provide information. The product, which has been beta-tested by users for several months, has a narrow use case, which makes it safer and easier to control, Suleyman said.

"There's lots of things Pi cannot do. It doesn't do lists, or coding, it doesn't do travel plans, it won't write your marketing strategy, or your essay for school," Suleyman said in an interview with the Financial Times. "It's purely designed for relaxed, supportive, informative conversation." Eventually, the personal AI tool would also provide assistance such as helping users perform online tasks, but was currently more for "mundane, trivial and banal" conversations, according to Suleyman.

In a live demo of the chatbot, Pi appeared distinct from others such as ChatGPT or Bard in that it often ended its responses with a question for the user, encouraging dialogue. "That's what Pi does really well, it helps facilitate your own line of inquiry," Suleyman said. However, it does not provide citations or references, although Suleyman said that will change. It also sometimes fabricates facts, as is the case with all large language models -- the technology underlying the new generation of chatbots, he added.

The Military

Ukraine Is Now Using Steam Decks To Control Machine Gun Turrets (vice.com) 86

Thanks to a crowdfunding campaign dating back to 2014, soldiers in Ukraine are now using Steam Decks to remotely operate a high-caliber machine gun turret. The weapon is called the "Sabre" and is unique to Ukraine. Motherboard reports: Ukrainian news outlet TPO Media recently reported on the deployment of a new model of the Sabre on its Facebook page. Photos and videos of the system show soldiers operating a Steam Deck connected to a large machine gun via a heavy piece of cable. According to the TPO Media post, the Sabre system allows soldiers to fight the enemy from a great distance and can handle a range of calibers, from light machine guns firing anti-tank rounds to an AK-47.

In the TPO footage, the Sabre is firing what appears to be a PKT belt-fed machine gun. The PKT is a heavy barrelled machine that doesn't have a stock and is typically mounted on vehicles like armored personnel carriers. It uses a solenoid trigger so it can be fired remotely, which is the cable running out of the back of the gun and into the complex of metal and wires on the side of the turret.

The Sabre system wasn't always controlled with a Steam Deck [...]. The first instances of the weapon appeared in 2014. The U.S. and the rest of NATO is giving Ukraine a lot of money for defense now, but that wasn't the case when Russia first invaded in 2014. To fill its funding gaps, Ukrainians ran a variety of crowdfunding campaigns. Over the years, Ukraine has used crowdfunding to pay for everything from drones to hospitals. One of the most popular websites is The People's Project, and it's there that the Sabre was born. The People's Project launched the crowdfunding campaign for Sabre in 2015 and collected more than $12,000 for the project over the next two years. It's initial goal was to deploy 10 of these systems.

Advertising

Facebook Advertisers Angry About Major Glitch That Temporarily Spiked Prices (gizmodo.com) 45

Last weekend around 2 a.m. Sunday, "Facebook's advertising system went haywire," reports Gizmodo, "overcharging customers and wasting money on ads that didn't work." Reports suggest Meta, the social network's parent company, charged some advertisers more than double what they agreed to pay, ranging from hundreds to hundreds of thousands of dollars. Meta briefly stopped showing ads on part of its network with practically zero communication to its millions of customers.

The company confirmed the bug happened and promised to follow its "normal refund process," but shared very little about what went wrong.

A Meta spokesperson described it as "a technical issue that has now been resolved" (adding that the glitch also appeared to a lesser extent on Instagram).

But Alex Golick, the CEO of marketing agency Intensify told CNBC it was the worst Facebook glitch he'd seen in the decade he's worked in digital advertising — with one client burning through 90% of its ad budget by 9 a.m. And his entire customer base had similar problems: Golick said that all those advertisers had essentially just wasted most of their money for the day, spending roughly triple the amount they normally would to acquire a customer. "The results were horrendous," Golick told CNBC...

For brands that are already lowering ad costs to manage through a sluggish economy and a mobile ad market that no longer allows for targeting based on user data, Facebook's miscue is more than just an unfortunate blip. In low-margin industries, where every dollar counts, it can turn a profitable weekend into a big loser, while also raising further questions about the reliability of Facebook's ad systems...

Data analytics and marketing firm Varos provided data showing that, of the more than 3,000 ecommerce and direct-to-consumer companies that use its technology, the software bug caused a majority of them to experience a rise in cost per thousand impressions, or what those in the industry call CPMs. About 36% of companies were "very significantly impacted" by the bug, meaning their CPMs at least doubled, Varos said...

Varos CEO Yarden Shaked the glitch resulted in a "bidding war for nothing." Data about the glitch provided by the advertising technology firm Proxima on 108 companies also revealed that these firms spent their "entire day's budget in the first few hours of the day," the company said...

Facebook

Zuckerberg Says Meta Wants To 'Introduce AI Agents To Billions of People' (theverge.com) 37

Meta sees "an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful," CEO Mark Zuckerberg told investors Wednesday. From a report: While he was vague about how exactly Meta will add generative AI to its apps, Zuckerberg gave the most detailed preview yet during the company's earnings call for the first quarter of this year, when it reported $28.6 billion in revenue and a record 2 billion daily users of the Facebook app, beating Wall Street's estimates. Meta's profit for the quarter was $5.7 billion, a 24 percent decrease from the same time last year. "We're exploring chat experiences in WhatsApp and Messenger, visual creation tools for posts in Facebook and Instagram and ads, and over time video and multi-modal experiences as well," Zuckerberg said on the earnings call. "I expect that these tools will be valuable for everyone from regular people to creators to businesses. For example, I expect that a lot of interest in AI agents for business messaging and customer support will come once we nail that experience. Over time, this will extend to our work on the metaverse, too, where people will much more easily be able to create avatars, objects, worlds, and code to tie all of them together."
Businesses

Meta Records Almost $4 Billion Loss On Metaverse In First Quarter (cnbc.com) 97

In its first-quarter earnings report today, Meta said its virtual reality and augmented reality unit, Reality Labs, recorded a $3.99 billion operating loss. The unit generated just $339 million in revenue. CNBC reports: The numbers show a slowdown from last quarter, when Reality Labs lost $4.28 billion on $727 million of revenue. For all of last year, Reality Labs recorded an operating loss of $13.72 billion on $2.16 billion in sales, underscoring how VR and AR technologies have yet to reach the mainstream. Despite Reality Labs' operating loss, Meta posted first-quarter net earnings of $5.71 billion, or $2.20 a share, with revenue up less than 3% to $28.65 billion from $27.91 billion a year ago. This sent its stock soaring more than 10% in extended trading Wednesday.

"Facebook had 2.04 billion daily active users, up 5% from a year ago, and the 'family' of Meta apps -- which includes Instagram -- reported daily active users of 3.02 billion, up 4%," adds MarketWatch.
Social Networks

Meta's Clegg Invokes Anti-China Rhetoric Against TikTok (bloomberg.com) 100

Meta's head of global affairs, Nick Clegg, called into question the values of TikTok by invoking the anti-China rhetoric that's become a trademark of lawmakers that want to expel his company's rival from the US. From a report: "TikTok, a hugely successful, highly dynamic and innovative Chinese company, is able to operate in the United States, but companies like Meta are not able to operate our social media services in China," Clegg said in an interview Tuesday with Bloomberg TV. "So there is this issue of a kind of lack of a level playing field. And in the end, there's always an underlying issue of values: What values are the underpinning of new technologies?" TikTok, owned by Chinese tech giant ByteDance, has said it's not a Chinese company and is walling off sensitive US operations to house all data and employees in America. The app also isn't available in China. Still, it hasn't been able to shake concerns about its ownership and whether that opens up the app for influence or data collection by the Chinese government.

Clegg's comments echo the hawkish sentiments that have swirled around China and TikTok's connection to the country. In the US, where the social media platform has amassed 150 million users every month, the company is facing a national security review and legislation that could limit its availability in the country. There are "pretty profound differences in values" in how China views technology and individual privacy, Clegg said, including the country's willingness to seal off most of its internet from access by foreign companies. This has also expanded to discussions about new artificial intelligence technologies where, he said, "Chinese authorities are already rushing to insert their values and the way in which those AI systems are developed."

Businesses

Meet the People Who Use 'Notion' To Plan Their Whole Lives (technologyreview.com) 119

An anonymous reader quotes a report from MIT Technology Review: Joshua Bergen is a very productive person. His secret is the workspace app Notion. Bergen, a product manager living in Vancouver, uses it to plan trips abroad in meticulous detail, with notes and timelines. He uses it to curate lists of the movies and TV shows he's watched, and records what he thought of them. It's also a handy way to keep tabs on his 3D-printing projects, map snowboarding runs, and quickly update his cute list of the funny things his kid has said. It might sound strange, but Bergen is one of a growing number of people using Notion, software intended for work, to organize their personal lives. They're using it in a myriad of different ways, from tracking their meditation habits and weekly schedules to logging their water intake and sharing grocery lists.

So why has a platform built to accommodate "better, faster work" struck such a chord when there are countless other planning apps out there? Part of the reason Notion has such a devoted fan base is its flexibility. At its heart, Notion is designed to combine the various programs a business might use for functions like HR, sales, and product planning in a single hub. It uses simple templates that let users add or remove features, and remote workers can easily collaborate on notes, databases, calendars, and project boards. This high level of customizability sets Notion apart from other work apps. It's also what's made it so popular among people looking to map out their free time. It started to gain traction around 2018 in YouTube's thriving productivity subculture, where videos of fans swapping time management tips and guides to organizing their lives regularly rack up millions of views.

Since then, its following has snowballed. More than 275,000 people have joined a dedicated subreddit, tens of thousands of users share free page templates in private Facebook groups, and TikTok videos advising viewers on how to make their Notion pages look pretty have been watched hundreds of millions of times. "You don't have to change your habits to how rigid software is. The software will change how your mind works," says Akshay Kothari, Notion's cofounder and chief operating officer. "I think that's actually been a big reason why you see so much love in the community: because people feel like the things they build are theirs."
While platforms like Notion are great for people who enjoy feeling organized, spending too much time optimizing and organizing our lives can be counterproductive when we prioritize creating to-do lists over completing the actual tasks on them, says Gabriele Oettingen, a psychology professor at New York University. It's a phenomenon known as the planning fallacy.

Using Notion to track whether you're drinking enough water or going jogging, or using it to plan assignments, doesn't necessarily mean you're actually getting those things done. "In a way, Notion might help me to get structure, but it might not work to get me going," she says.
EU

EU Names 19 Large Tech Platforms That Must Follow Europe's New Internet Rules (arstechnica.com) 75

An anonymous reader quotes a report from Ars Technica: The European Commission will require 19 large online platforms and search engines to comply with new online content regulations starting on August 25, European officials said. The EC specified which companies must comply with the rules for the first time, announcing today that it "adopted the first designation decisions under the Digital Services Act." Five of the 19 platforms are run by Google, specifically YouTube, Google Search, the Google Play app and digital media store, Google Maps, and Google Shopping. Meta-owned Facebook and Instagram are on the list, as are Amazon's online store, Apple's App Store, Microsoft's Bing search engine, TikTok, Twitter, and Wikipedia. These platforms were designated because they each reported having over 45 million active users in the EU as of February 17. The other listed platforms are Alibaba AliExpress, Booking.com, LinkedIn, Pinterest, Snapchat, and German online retailer Zalando.

Companies have four months to comply with the full set of new obligations and could face fines of up to 6 percent of a provider's annual revenue. One new rule is a ban on advertisements that target users based on sensitive data such as ethnic origin, political opinions, or sexual orientation. There are new content moderation requirements, transparency rules, and protections for minors. For example, "targeted advertising based on profiling towards children is no longer permitted," the EC said. Companies will have to provide their first annual risk assessment on August 25, and their risk mitigation plans will be subject to independent audits and oversight by the European Commission. "Platforms will have to identify, analyze and mitigate a wide array of systemic risks ranging from how illegal content and disinformation can be amplified on their services, to the impact on the freedom of expression and media freedom," the EC said. "Similarly, specific risks around gender-based violence online and the protection of minors online and their mental health must be assessed and mitigated."
The new requirements for the 19 platforms include:
- Users will get clear information on why they are recommended certain information and will have the right to opt-out from recommendation systems based on profiling;
- Users will be able to report illegal content easily and platforms have to process such reports diligently; - Platforms need to label all ads and inform users on who is promoting them;
- Platforms need to provide an easily understandable, plain-language summary of their terms and conditions, in the languages of the Member States where they operate.

Platforms will be required to "analyze their specific risks, and put in place mitigation measures -- for instance, to address the spread of disinformation and inauthentic use of their service," the EC said. They will also "have to redesign their systems to ensure a high level of privacy, security, and safety to minors."
The Courts

Supreme Court To Decide if Public Officials Can Block Critics on Social Media (reuters.com) 81

The U.S. Supreme Court, exploring free speech rights in the social media era, on Monday agreed to consider whether the Constitution's First Amendment bars government officials from blocking their critics on platforms like Facebook and Twitter. From a report: The justices took up an appeal by two members of a public school board from the city of Poway in Southern California of a lower court's ruling in favor of school parents who sued after being blocked from Facebook pages and a Twitter account maintained by the officials. The justices also took up an appeal by a Michigan man of a lower court's ruling against him after he sued a city official in Port Huron who blocked him on Facebook following critical posts made by the plaintiff about the local government's COVID-19 response. At issue is whether a public official's social media activity can amount to governmental action bound by First Amendment limits on government regulation of speech.
Programming

Is It Time to Stop Saying 'Learn to Code'? (vox.com) 147

Long-time Slashdot reader theodp writes: According to Google Trends, peak "Lean to Code" occurred in early 2019 when laid-off Buzzfeed and Huffpost journalists were taunted with the phrase on Twitter... As Meta founder and CEO Mark Zuckerberg recently put it, "We're in a different world." Indeed. Encouraging kids to pursue CS careers in Code.org's viral 2013 launch video, Zuckerberg explained, "Our policy at Facebook is literally to hire as many talented engineers as we can find."

In Learning to Code Isn't Enough, a new MIT Technology Review article, Joy Lisi Rankin reports on the long history of learn-to-code efforts, which date back to the 1960s. "Then as now," Lisi Rankin writes, "just learning to code is neither a pathway to a stable financial future for people from economically precarious backgrounds nor a panacea for the inadequacies of the educational system."

But is that really true? Vox does note that the latest round of layoffs at Meta "is impacting workers in core technical roles like data scientists and software engineers — positions once thought to be beyond reproach." Yet while that's also true at other companies, those laid-off tech workers also seem to be finding similar positions by working in other industries: Software engineers were the most overrepresented position in layoffs in 2023, relative to their employment, according to data requested by Vox from workforce data company Revelio Labs. Last year, when major tech layoffs first began, recruiters and customer success specialists experienced the most outsize impact. So far this year, nearly 20 percent of the 170,000 tech company layoffs were software engineers, even though they made up roughly 14 percent of employees at these companies. "Early layoffs were dominated by recruiters, which is forgoing future hiring," Revelio senior economist Reyhan Ayas told Vox. "Whereas in 2023 we see a shift toward more core engineering and software engineering, which signals a change in focus of current business priorities."

In other words, tech companies aren't just trimming the fat by firing people who fill out their extensive ecosystem, which ranges from marketers to massage therapists. They're also, many for the first time, making cuts to the people who build the very products they're known for, and who enjoyed a sort of revered status since they, like the founders of the companies, were coders. Software engineers are still important, but they don't have the power they used to...

The latest monthly jobs report by tech industry association CompTIA found that even though employment at tech companies (which includes all roles at those companies) declined slightly in March, employment in technical occupations across industry sectors increased by nearly 200,000 positions. So even if tech companies are laying off tech workers, other industries are snatching them up. Unfortunately for software engineers and the like, that means they might also have to follow those industries' pay schemes. The average software engineer base pay in the US is $90,000, according to PayScale, but can be substantially higher at tech firms like Facebook, where such workers also get bonuses and stock options.

Facebook

Zuckerberg Says Meta May Not Be Through With Layoffs (marketwatch.com) 43

Meta Chief Executive Mark Zuckerberg reportedly said the embattled company may not be done with layoffs even as it goes through its latest round of 4,000 this week and braces for another batch in May. MarketWatch reports: The parent company of Facebook and Instagram, which announced its intention to slash 21,000 jobs late last year, is also likely to dramatically slow down hiring, Zuckerberg told employees in a town hall on Thursday, according to a Wall Street Journal report. "I just kind of think that for where we are in the efficiency that we're able to get from new technologies, that's probably the right model to expect going forward and that will be a different operating model and I think we can do it well," Zuckerberg said in a virtual Q&A session, the report said.

Meta, which announces quarterly results on Wednesday, faces an uncertain future over the next few years, Zuckerberg said, and there are no guarantees the workforce reductions are over. "I generally feel good about the position here, but just given the volatility, I don't want to kind of promise that there won't be future things in the future," he said. "What I can say is that there's nothing that we're planning now, and if we do something, it'll be sort of on that time frame."

Facebook

Facebook Users Can Now File a Claim For $725 Million Privacy Settlement (cnbc.com) 49

An anonymous reader quotes a report from CNBC: Facebook users have until August to claim their share of a $725 million class-action settlement of a lawsuit alleging privacy violations by the social media company, a new website reveals. The lawsuit was prompted in 2018 after Facebook disclosed that the information of 87 million users was improperly shared with Cambridge Analytica.

People who had an active U.S. Facebook account between May 2007 and December 2022 have until Aug. 25 to enter a claim. Individual settlement payments haven't yet been established because payouts depend on how many users submit claims and how long each user maintained a Facebook account. Facebook users can make a claim by visiting Facebookuserprivacysettlement.com and entering their name, address, email address, and confirming they lived in the U.S. and were active on Facebook between the aforementioned dates.

Encryption

Meta Encryption 'Blindfolds' Authorities To Child Abuse, Crime Agencies Claim (ft.com) 84

The FBI, Interpol and the UK's National Crime Agency have accused Meta of making a "purposeful" decision to increase end-to-end encryption in a way that in effect "blindfolds" them to child sex abuse. From a report: The Virtual Global Taskforce, made up of 15 law enforcement agencies, issued a joint statement saying that plans by Facebook and Instagram-parent Meta to expand the use of end-to-end encryption on its platforms were "a purposeful design choice that degrades safety systems," including with regards to protecting children. The law enforcement agencies also warned technology companies more broadly about the need to balance safeguarding children online with protecting users' privacy. "The VGT calls for all industry partners to fully appreciate the impact of implementing system design decisions that result in blindfolding themselves to CSA [child sexual abuse] occurring on their platforms or reduces their capacity to identify CSA and keep children safe," the statement said.

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