Facebook’s market capitalization, or total dollar value, closed above $1 trillion for the first time ever Monday, making it the fifth U.S. company to reach such size.
Facebook exceeded the $1 trillion mark after a year in which the company experienced massive user and earnings growth, CNBC reported. Apple, Alphabet, Microsoft and Amazon – all fellow Big Tech companies – are the only other U.S. companies that have also surpassed $1 trillion in market capitalization, according to Axios.
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In the months leading up to November’s election, voting officials in major cities and counties worked with a progressive group funded by Facebook founder Mark Zuckerberg and its allies to create ballots, strategically target voters and develop “cure” letters in situations where mail-in ballots were in danger of being tossed out.
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Facebook founder Mark Zuckerberg’s multimillion dollar investment in the 2020 presidential election process may extend into this year or beyond, at least if Fulton County is any measure.
Georgia’s largest county, which encompasses the blue-leaning city of Atlanta, received more than $6.3 million in private grants from the Zuckerberg-funded Center for Tech and Civic Life (CTCL) to conduct elections during the 2020 pandemic, but recently reported it did not use all the money last year.
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Newly revealed emails show what appears to be an intensive effort by multiple private advocacy groups to manage numerous aspects of the 2020 election in several swing-state cities key to Biden’s 2020 election victory, shedding further light on the role private initiatives and private funding played in potentially influencing the outcome of that race.
The emails, obtained by the election integrity group the Amistad Project, show exchanges between city officials in several Wisconsin cities and members of the Center for Tech and Civil Life, a left-leaning election advocacy organization based out of Chicago.
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Alpha News recently reported that eight Minnesota voters petitioned the Minnesota Supreme Court with claims that Minnesota didn’t follow election laws in 2020. As part of their legal effort, these voters are requesting access to data involving Facebook CEO and billionaire Mark Zuckerberg’s financial influence on how the 2020 election was conducted.
It has been widely reported that Zuckerberg and his wife Priscilla Chan gave $350 million to a nonprofit, the Center for Tech and Civic Life (CTCL), that re-granted the funds to thousands of local election officials around the country. From the get-go, even before the election, these donations were controversial.
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The Amistad Project of the Thomas More Society said it filed a lawsuit on Thanksgiving asking the Michigan Supreme Court to physically secure all evidence of irregularities in the 2020 election and declare the results invalid on the basis of alleged unlawful conduct by state and local officials.
“In numerous instances, state and local officials brazenly violated election laws in order to advance a partisan political agenda,” said Phill Kline, Director of The Amistad Project. “The pattern of lawlessness was so pervasive and widespread that it deprived the people of Michigan of a free and fair election, throwing the integrity of the entire process into question.”
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The Amistad Project of the Thomas More Society filed a lawsuit contesting the results of the 2020 presidential election in Georgia, saying fraudulent votes cast were 15 times greater than the margin separating Donald Trump and Joe Biden.
The organization said in a press release that it filed the lawsuit Tuesday, because well over 100,000 illegal votes were improperly counted, while tens of thousands of legal votes were not counted.
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Facebook CEO Mark Zuckerberg told Congress Wednesday that the FBI warned him months ago that Facebook should be on “heightened alert” about “hack and leak operations” that could be part of a foreign disinformation campaign in the final weeks before the 2020 election.
The Facebook honcho made the remarks during a Senate Commerce Committee hearing where he testified alongside Google’s Sundar Pichai and Twitter’s Jack Dorsey.
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Twitter will begin removing posts containing Holocaust denial, a Twitter spokeswoman told Bloomberg News just days after Facebook also implemented a policy banning posts that deny the Holocaust.
“We strongly condemn anti-semitism, and hateful conduct has absolutely no place on our service,” the spokeswoman told Bloomberg News in a statement. “We also have a robust ‘glorification of violence’ policy in place and take action against content that glorifies or praises historical acts of violence and genocide, including the Holocaust.”
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A mayoral candidate in Texas was arrested October 8 and charged with 84 counts of mail application ballot fraud; Zul Mohamed, running for mayor of Carrollton, forged nearly one hundred voter registration applications. “At the time of arrest, Mohamed was in the process of stuffing envelopes with additional mail ballot applications for neighboring Dallas County,” law enforcement officials reported. He also was charged with 25 counts of “unlawful possession of an official mail in ballot” and faces up to 20 years in prison.
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Facebook CEO Mark Zuckerberg was the only tech executive at Wednesday’s antitrust hearing who unequivocally said China is stealing technology from American companies.
“I think it’s well documented that the Chinese government steals technology from American companies,” the 36-year-old Silicon Valley executive said after Rep. Greg Steube asked him if China is stealing from U.S. technology companies. The Florida Republican posed the same question to CEOs Tim Cook of Apple, Jeff Bezos of Amazon, and Sundar Pichai of Google.
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They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual; another is the fourth-ranked billionaire. Their industry has transformed society, linked people around the globe, mined and commercialized users’ personal data, and infuriated critics on both the left and right over speech.
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Facebook CEO Mark Zuckerberg dismissed speculation that he and President Donald Trump have come to an understanding in an interview published Monday.
“I’ve heard this speculation, too, so let me be clear: There’s no deal of any kind,” Zuckerberg said in an interview with Axios published Monday.
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A shocking new undercover video from Project Veritas exposes the rampant anti-conservative bias of Facebook’s content moderators, the employees who are responsible for deciding what posts are censored.
Zach McElroy, a former Facebook employee who worked as a content moderator in Tampa, Florida, told Project Veritas that he’s willing to testify before Congress about Facebook’s bias against Trump supporters and conservative causes.
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The ground is shifting quickly beneath our feet when it comes to tech, privacy, and power. And, although tech companies, their advocates, and even some policymakers, would like us to imagine these issues are cut and dried, they are not.
In their book The Sovereign Individual, published on the eve of the year 2000, James Dale Davidson and William Rees-Mogg attempt to grapple with the forthcoming technological changes that the new millennium inevitably would bring. “As technology revolutionizes the tools we use,” they wrote, “it also antiquates our laws, reshapes our morals, and alters our perceptions.”
This is the dynamic that has been unfolding slowly over the last 20 years, as Google, Facebook, Twitter, and other social media platforms have transformed how we engage with communications, culture, commerce, and one another.
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Facebook is not allowing anti-quarantine protesters to use the site to organize demonstrations in states that have enacted strict social distancing measures to combat the coronavirus pandemic.
The social media giant has already removed promotions for anti-quarantine events in California, New Jersey, and Nebraska in cooperation with those state governments.
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Billionaire financier George Soros stepped up his campaign Tuesday to thwart what he says is Facebook CEO Mark Zuckerberg’s attempt to help President Donald Trump win reelection in 2020.
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Former Secretary of State Hillary Clinton said Facebook CEO Mark Zuckerberg has authoritarian views on misinformation and likely intends on reelecting President Donald Trump.
“Google took it off YouTube … so I contacted Facebook,” Clinton told The Atlantic in a report published Saturday.
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Sen. Elizabeth Warren and other liberal pundits on Twitter railed against Facebook CEO Mark Zuckerberg for reportedly dining with President Donald Trump recently amid political ad controversy.
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Facebook said it removed tens of millions of posts that broke its rules regarding child pornography, hate speech and harassment in a Wednesday transparency report.
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Facebook officially rolled out its Facebook News tab Friday to a select number of U.S. users, according to a blog post.
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WASHINGTON – Facebook CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.
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Facebook announced Monday an effort to “protect the 2020 U.S. elections” by clearly marking fake news posts, offering protections to politicians’ accounts and offering more transparency.
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In an interview with Fox News’ Dana Perino, Facebook CEO Mark Zuckerberg says that he believes private social media companies should not censor politicians.
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Facebook CEO Mark Zuckerberg said Monday that he met recently with conservative pundits recently to get a “wide range of viewpoints” from people ahead of the 2020 election.
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Facebook founder Mark Zuckerberg vowed in leaked audio to “go to the mat” with 2020 Democratic presidential candidate Elizabeth Warren if she beats President Donald Trump.
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by Rachael Brovard In a rare moment of bipartisanship last week, Democrats and Republicans joined hands to make a small, but fundamental change to our immigration system. Not to provide critically needed updates or wholesale reforms, but, rather, to toss a sop to the billionaires of Big Tech. Thanks…
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Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its…
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by Chris White Facebook is promoting Islamic State propaganda, a whistleblower alleges in a complaint Thursday to the Securities and Exchange Commission. The social media company is likely violating securities laws prohibiting companies from misleading shareholders and the public, according to a petition filed by the National Whistleblower Center…
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by Chris White Facebook co-founder Chris Hughes thrashed CEO Mark Zuckerberg Thursday and called on the federal government to break up enormous sections of the massive social media company. “The most problematic aspect of Facebook’s power is Mark’s unilateral control over speech,” Hughes wrote in a New York Times…
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by George Rasley In a dystopian future envisioned by some of science fiction’s greatest authors, mankind is ruled not by elected leaders or by warlords who came to power through victory in battle. Instead, humans have become the virtual slaves of soulless totalitarian corporations that vie with each other for…
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Facebook Inc said on Wednesday it may have “unintentionally uploaded” email contacts of 1.5 million new users since May 2016, in what seems to be the latest privacy-related issue faced by the social media company. In March, Facebook had stopped offering email password verification as an option for people who…
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Facebook was charged with discrimination by the U.S. Department of Housing and Urban Development because of its ad-targeting system. HUD said Thursday Facebook is allowing advertisers to exclude people based on their neighborhood by drawing a red line around those neighborhoods on a map and giving advertisers the option of…
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by Michelle Quinn Facebook says it is getting better at proactively removing hate speech and changing the incentives that result in the most sensational and provocative content becoming the most popular on the site. The company has done so, it says, by ramping up its operations so that computers…
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by Grace Carr A number of plaintiffs filed a formal complaint Tuesday, alleging Facebook knew about problematic measurement tactics of video viewership and did nothing to address the problem for at least a year. Tuesday’s complaint comes after a 2016 lawsuit against the company that alleges it engaged in…
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by Mike Gonzalez Less than a third of the way into his upcoming book on nationalism, Israeli philosopher and scholar Yoram Hazony warns about the growing censorship constricting debate in Western societies when the opinion in question runs counter to the views of politically correct liberalism. Facebook wasted no time…
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by George Rasley Conservatives who have suffered discrimination from tech billionaire Mark Zuckerberg’s Facebook will derive a little bit of pleasure from recent disclosures the company made in a small courtroom in Redwood City, California. According to reporting in the UK’s Guardian, Facebook has long had the same public response when questioned about its disruption of…
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