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Kim01
2021-10-04
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Facebook executive: Charges that we prioritize engagement bait are 'blatantly false'
Kim01
2021-10-05
Like pls
SEC Chair Gensler to talk payment for order flow, crypto during House hearing
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regulator will ask Congress for more resources</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.</p>\n<p>\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"</p>\n<p>Gensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.</p>\n<p>Lawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.</p>\n<p>Republicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.</p>\n<p>Gensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.</p>\n<p>The regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.</p>\n<p>\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"</p>","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>SEC Chair Gensler to talk payment for order flow, crypto during House hearing</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nSEC Chair Gensler to talk payment for order flow, crypto during House hearing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-05 22:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The regulator will ask Congress for more resources</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.</p>\n<p>\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"</p>\n<p>Gensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.</p>\n<p>Lawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.</p>\n<p>Republicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.</p>\n<p>Gensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.</p>\n<p>The regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.</p>\n<p>\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173559915","content_text":"The regulator will ask Congress for more resources\nSecurities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.\n\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"\nGensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.\nLawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.\nRepublicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.\nGensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.\nThe regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.\n\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":820149428,"gmtCreate":1633361376201,"gmtModify":1633361376446,"author":{"id":"3575031902606623","authorId":"3575031902606623","name":"Kim01","avatar":"https://static.tigerbbs.com/7f81ff0a6483d707f33cca45ec355a58","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/820149428","repostId":"1192356894","repostType":4,"repost":{"id":"1192356894","pubTimestamp":1633361087,"share":"https://www.laohu8.com/m/news/1192356894?lang=&edition=full","pubTime":"2021-10-04 23:24","market":"us","language":"en","title":"Facebook executive: Charges that we prioritize engagement bait are 'blatantly false'","url":"https://stock-news.laohu8.com/highlight/detail?id=1192356894","media":"seekingalpha","summary":"Monika Bickert, vice president of content policy at Facebook(NASDAQ:FB), pushed back Monday against ","content":"<ul>\n <li>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.\"</li>\n <li>Responding to an appearance by Frances Haugen, a former company product manager, on<i>60 Minutes</i>the 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.\"</li>\n <li>\"[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.</li>\n <li>Bickert remarks followed a scathing report on<i>60 Minutes</i>, 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.</li>\n <li>Rather 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.\"</li>\n <li>On the whistleblower, Bickert asserted that the documents stolen from the company have been \"taken out of context.\"</li>\n <li>Following 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.</li>\n <li>This has added to the stock's recent downward trajectory, as it comes off a 52-week high of $384.33 set early last month. 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&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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 <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. A finish at these levels would mark its lowest close since late May.\nWith 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&P 500.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":820149428,"gmtCreate":1633361376201,"gmtModify":1633361376446,"author":{"id":"3575031902606623","authorId":"3575031902606623","name":"Kim01","avatar":"https://static.tigerbbs.com/7f81ff0a6483d707f33cca45ec355a58","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/820149428","repostId":"1192356894","repostType":4,"repost":{"id":"1192356894","pubTimestamp":1633361087,"share":"https://www.laohu8.com/m/news/1192356894?lang=&edition=full","pubTime":"2021-10-04 23:24","market":"us","language":"en","title":"Facebook executive: Charges that we prioritize engagement bait are 'blatantly false'","url":"https://stock-news.laohu8.com/highlight/detail?id=1192356894","media":"seekingalpha","summary":"Monika Bickert, vice president of content policy at Facebook(NASDAQ:FB), pushed back Monday against ","content":"<ul>\n <li>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.\"</li>\n <li>Responding to an appearance by Frances Haugen, a former company product manager, on<i>60 Minutes</i>the 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.\"</li>\n <li>\"[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.</li>\n <li>Bickert remarks followed a scathing report on<i>60 Minutes</i>, 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.</li>\n <li>Rather 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.\"</li>\n <li>On the whistleblower, Bickert asserted that the documents stolen from the company have been \"taken out of context.\"</li>\n <li>Following 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.</li>\n <li>This has added to the stock's recent downward trajectory, as it comes off a 52-week high of $384.33 set early last month. 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&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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 <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. A finish at these levels would mark its lowest close since late May.\nWith 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&P 500.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":829079307,"gmtCreate":1633446428181,"gmtModify":1633446428497,"author":{"id":"3575031902606623","authorId":"3575031902606623","name":"Kim01","avatar":"https://static.tigerbbs.com/7f81ff0a6483d707f33cca45ec355a58","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/829079307","repostId":"2173559915","repostType":4,"repost":{"id":"2173559915","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1633445100,"share":"https://www.laohu8.com/m/news/2173559915?lang=&edition=full","pubTime":"2021-10-05 22:45","market":"us","language":"en","title":"SEC Chair Gensler to talk payment for order flow, crypto during House hearing","url":"https://stock-news.laohu8.com/highlight/detail?id=2173559915","media":"Dow Jones","summary":"The regulator will ask Congress for more resources\nSecurities and Exchange Commission Chairman Gary ","content":"<p>The regulator will ask Congress for more resources</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.</p>\n<p>\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"</p>\n<p>Gensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.</p>\n<p>Lawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.</p>\n<p>Republicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.</p>\n<p>Gensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.</p>\n<p>The regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.</p>\n<p>\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"</p>","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>SEC Chair Gensler to talk payment for order flow, crypto during House hearing</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nSEC Chair Gensler to talk payment for order flow, crypto during House hearing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-05 22:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The regulator will ask Congress for more resources</p>\n<p>Securities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.</p>\n<p>\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"</p>\n<p>Gensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.</p>\n<p>Lawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.</p>\n<p>Republicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.</p>\n<p>Gensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.</p>\n<p>The regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.</p>\n<p>\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173559915","content_text":"The regulator will ask Congress for more resources\nSecurities and Exchange Commission Chairman Gary Gensler will face questions from members of the House Financial Services Committee on a range of topics from market structure to cryptocurrency regulation during a hearing beginning at noon Eastern on Tuesday.\n\"We are blessed with the largest, most sophisticated, and most innovative capital markets in the world,\" Gensler will say, according to prepared remarks. \"We can't take our remarkable capital markets for granted, though. New financial technologies continue to change the face of finance for investors and businesses. More retail investors than ever are accessing our markets. Other countries are developing deep, competitive capital markets as well.\"\nGensler plans to address the controversial practice of payment for order flow in the stock market, whereby retail brokers sell market makers the privilege of executing their customer orders. In his planned testimony, Gensler will discuss the \"conflicts of interest\" that the practice presents. Supporters of payment for order flow argue that it has helped reduce trading costs and supports the business model of no-commission trading.\nLawmakers will likely raise the subject of cryptocurrency regulation as well. \"Currently we just don't have enough investor protection in crypto finance issuance, trading or lending,\" Gensler's testimony reads.\nRepublicans have become increasingly critical of Gensler's approach to the crypto market, arguing that the agency should do more to provide regulatory clarity on the topic, while Democrats have typically voiced concerns over the industry flouting securities laws.\nGensler also plans to address the SEC's policy regarding listings of Chinese companies on U.S. exchanges, most of which do not allow the Public Company Accounting Oversight Board to oversee their auditing process, contrary to U.S. law. New legislation passed last year requires that such companies be kicked off U.S. exchanges if they do not become compliant within three years.\nThe regulator also plans to make a plea for greater resources. He will note that the SEC's Division of Enforcement has 6% fewer staff than it did in 2016, and that staff at the examinations division has stayed flat despite a 20% increase in registered investment advisors and a 65% increase in these firms' assets under management.\n\"As our capital markets have grown and technology continues to shape the face of finance, though, the SEC has not grown to meet the needs of the 2020s,\" Gensler's testimony reads. \"As more Americans are accessing the capital markets, we need to be sure the commission has the resources to protect them.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
