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2021-10-05

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Facebook executive: Charges that we prioritize engagement bait are 'blatantly false'

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A finish at these levels would mark its lowest close since late May.</li>\n <li>With its recent selling pressure, FB has notably underperformed the major averages lately. The stock has dropped about 10% since Sept. 7 compared to a decline of about 3.5% for the S&amp;P 500.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook executive: Charges that we prioritize engagement bait are 'blatantly false'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook executive: Charges that we prioritize engagement bait are 'blatantly false'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-04 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3748128-facebook-executive-charges-that-we-prioritize-engagement-bait-are-blatantly-false><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Monika Bickert, vice president of content policy at Facebook(NASDAQ:FB), pushed back Monday against allegations that the social-media giant purposely boosted the visibility of politically charged or ...</p>\n\n<a href=\"https://seekingalpha.com/news/3748128-facebook-executive-charges-that-we-prioritize-engagement-bait-are-blatantly-false\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3748128-facebook-executive-charges-that-we-prioritize-engagement-bait-are-blatantly-false","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1192356894","content_text":"Monika Bickert, vice president of content policy at Facebook(NASDAQ:FB), pushed back Monday against allegations that the social-media giant purposely boosted the visibility of politically charged or misleading content as a way to prioritize \"engagement bait.\"\nResponding to an appearance by Frances Haugen, a former company product manager, on60 Minutesthe night before, Bickert called the accusations \"blatantly false\" and argued that changes to the firm's news feed algorithms were only aimed at promoting \"meaningful interaction between friends and family.\"\n\"[The algorithm change in 2018] was meant to connect people with the ability to have conversations with their friends and family, which research told us would be good for people's wellbeing,\" she said.\nBickert remarks followed a scathing report on60 Minutes, which featured a whistleblower accusing Facebook (FB) ofputting profits ahead of safetyby focusing solely on driving engagement rather than considering the consequences of platforming misleading news stories or content that promoted hate.\nRather than promote questionable content, Bickert argued that the firm has proactively updated its algorithms to reduce the visibility of \"engagement bait, click bait, sensationalist content.\"\nOn the whistleblower, Bickert asserted that the documents stolen from the company have been \"taken out of context.\"\nFollowing the whistleblower's national TV appearance, FB dropped nearly 4% in Monday's intraday action, falling to $329.10 at about 10:45 AM ET.\nThis has added to the stock's recent downward trajectory, as it comes off a 52-week high of $384.33 set early last month. 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