Facebook under fire: Is it time to regulate the social media giant?
28 October 2021 | 12:16 pm
Facebook began this week by announcing more than $9 billion in quarterly profits, an increase of about 17 percent. The social media giant also announced that it now has close to three billion users. But all is not well on the Facebook front as Mark Zuckerberg’s platform has been facing a deluge of scathing reports.
5 Dec 2021
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
9 Dec 2021
The Chinese property giant Evergrande has missed a key debt deadline and is inching closer to a possible restructuring. Financial Analyst Danni Hewson explains why the meltdown isn't sparking turmoil on global stock markets. Also in the show: the Carbon Disclosure Project releases its 2021 ranking of sustainable business practices.
13 Dec 2021
"Islamic State" propaganda lured hundreds of Indonesians to fight for an extremist cause in Syria. One such Indonesian says the IS Islamic caliphate dream was flawed and that he wants to turn over a new leaf. He has joined a social media campaign to counter extremist narratives.
17 Dec 2021
Many Facebook groups based in Mali and Nigeria began sharing a video of a helicopter on December 9, claiming it showed an aircraft delivering weapons to terrorists. In Mali, the posts often accused the French government of operating the helicopter, while posts coming from Nigeria laid the blame on the Nigerian government. In reality, the video is from neither one of these countries – it was filmed in the Central African Republic during a routine supply drop.
26 Dec 2021
In an interview with FRANCE 24 at the Paris Peace Forum, US billionaire Frank McCourt strongly criticised tech giants, saying social media is "undermining our democracies". The owner of French football club Olympique de Marseille told us more about his Project Liberty plan. He has invested $100 million in the initiative, which he hopes will "transform the way the internet works".
Bullying at school, or "ijime", is a persistent problem in Japan. In 2020, there were 612,000 recorded cases at schools across the country – more than three times the number a decade ago. What begins as a joke among friends can end in insults and violence. Bullying leads to academic failure, isolation and, in some cases, suicide. Last year, 80 percent of Japanese schools reported bullying incidents. Our correspondents Louis Belin, Ryusuke Murata, Aruna Popuri and Justin McCurry report from Tokyo.
For the first time since inception in 2004, Facebook lost about 5 lakh users on a daily basis during Oct-Dec 2021. That saw the shares of its parent company, Meta, plunge 20 percent on the exchanges, wiping off $200 bn in market capitalisation.
Fear mongering content became viral on social media this week, as Ukrainian civilians prepare for an imminent Russian attack.
APC Governors back new National Convention date, Facebook rolls out Reels, other creative tools worldwide
Here are a few reasons to pick up a copy of The Guardian on Wednesday.
Many posts on social media claiming to pertain to the current conflict in Ukraine are in fact videos and photos different events in other regions that happened several years ago. We tell you more in this edition of Truth or Fake.
Many posts on social media claiming to pertain to the current conflict in Ukraine are in fact videos and photos of different events in other regions that happened several years ago. We tell you more in this edition of Truth or Fake.
Social media posts may seem insignificant when compared with the brutality on the ground in Ukraine, but what goes viral is directly affecting the war and Russia knows this. This Friday, the chairman of the Russian parliament Vyacheslav Volodin railed against foreign social media, calling it a "weapon" that Russia "must oppose". This comes after Ukrainian President Volodymyr Zelensky secured a series of victories against Russia on the international stage, thanks in no small part to his internet star power.
2 hours ago
The two German vaccine competitors are heading to court over a legal dispute concerning BioNTech's coronavirus vaccine. CureVac has called for "fair compensation."
2 hours ago
The Norwegian government has intervened to halt a strike by oil and gas workers. The move came amid concerns that the strike could have worsened Europe's energy crisis, which is already aggravated by the war in Ukraine.
3 hours ago
Nigeria says out of the 141 million barrels of oil produced in the first quarter of 2022, only about 132 million barrels of oil were received at export terminals, putting a daily average loss of 108 thousand barrels in the first quarter of this year. Oliver Onyekweli, an Associate Partner at McKinsey and Company, joins CNBC Africa to discuss this issue.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
Around 300 inmates remained at large on Wednesday (July 6) after a suspected raid by Islamist Boko Haram militants on a prison in Nigeria's capital Abuja on Tuesday (July 5) night, an interior ministry official said. Shuaib Belgore, permanent secretary at the interior ministry, told journalists outside the 900-inmate prison that a security officer was killed during the raid and three others were injured.