financetom
Business
financetom
/
Business
/
Whistleblower says Facebook put profit before reining in hate speech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Whistleblower says Facebook put profit before reining in hate speech
Oct 4, 2021 6:42 AM

A Facebook Inc whistleblower on Sunday accused the social media giant of repeatedly prioritizing profit over clamping down on hate speech and misinformation, and said her lawyers have filed at least eight complaints with the US securities regulator.

Frances Haugen, who worked as a product manager on the civic misinformation team at Facebook, appeared on Sunday on the television program "60 Minutes," revealing her identity as the whistleblower who helped lead to a Wall Street Journal investigation and a Senate hearing on Instagram's harm to teen girls.

Facebook has been under fire after the Wall Street Journal reported internal documents showed that the social media company was aware that Instagram harmed the mental health of young users.

Haugen will testify before a Senate subcommittee on Tuesday in a hearing titled "Protecting Kids Online," about the company's research into Instagram's effect on the mental health of young users.

"There were conflicts of interest between what was good for the public and what was good for Facebook," she said during the interview. "And Facebook over and over again chose to optimize for its own interests like making more money."

Also Read:

Former Facebook manager alleges social network fed Capitol riot

Haugen, who previously worked at Google and Pinterest, said Facebook has lied to the public about the progress it made to clamp down on hate speech and misinformation on its platform.

Facebook on Sunday did not immediately to respond to a Reuters request for comment.

A Facebook Inc executive said in an interview with CNN earlier on Sunday that the company does not believe that its social media service is a primary contributor to the political polarization that has become widespread in the United States.

Haugen said she'd seen problems at other social media companies, but "it was substantially worse at Facebook than anything I'd seen before."

The internal documents she leaked included research that Instagram harmed the mental health of teen girls and caused some to think about suicide.

Last week, a Facebook executive testified to US senators and disputed the Journal's characterization of the research, pointing out other findings that she said showed the app's positive impact on teens.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Explainer-Road narrows for sovereign debt bill as New York legislative session nears end
Explainer-Road narrows for sovereign debt bill as New York legislative session nears end
May 29, 2024
NEW YORK (Reuters) -New York state lawmakers have only a few days before the legislative session ends for the year, and with no committee meetings left the fate of a controversial debt restructuring bill is now in the hands of the legislature leadership. Hundreds of billions of dollars in bond contracts globally are on the line. Below are facts about...
Sector Update: Consumer
Sector Update: Consumer
May 29, 2024
01:27 PM EDT, 05/29/2024 (MT Newswires) -- Consumer stocks were retreating Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each shedding 0.5%. Redbook US same-store sales increased by 6.3% from a year earlier in the week ended May 25 after a 5.5% year-over-year increase in the previous week....
US health insurer shares fall after UnitedHealth flags Medicaid enrollment issues
US health insurer shares fall after UnitedHealth flags Medicaid enrollment issues
May 29, 2024
NEW YORK (Reuters) - Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group ( UNH ) cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago. UnitedHealth ( UNH ) shares were down 4.2% to $482.46, while rivals Humana, Centene ( CNC ), and Elevance Health (...
Ascot Raises $1 Million in the First Tranche of a Private Placement of Flow-Through Shares
Ascot Raises $1 Million in the First Tranche of a Private Placement of Flow-Through Shares
May 29, 2024
01:24 PM EDT, 05/29/2024 (MT Newswires) -- Ascot Resources ( AOTVF ) on Wednesday said it raised $1 million as it closed the initial tranche of a private placement of flow-through shares. The company said it placed 1.2-million tax-advantaged shares in the tranche. The funds will be used to fund the 2024 exploration program at the company's Premier Gold Project...
Copyright 2023-2026 - www.financetom.com All Rights Reserved