No social media is safe: lies, conspiracies again taint poll

Original article by Cat Zakrzewski, Rachel Lerman
The Australian Financial Review – Page: 10 : 9-Nov-20

Smaller social media sites such as Pinterest and LinkedIn have been just as vulnerable to misinformation claims during the US presidential election as big sites such as Twitter and Facebook. Image bookmarking-site Pinterest has blocked searches of topics such as ‘stolen ballots’ and clamped down on phrases such as ‘Sharpiegate’, while users of business-focused social network Linkedin shared videos and articles that peddled false claims about the election result. Originally published in the ‘Washington Post’.

CORPORATES
TWITTER INCORPORATED, PINTEREST, LINKEDIN CORPORATION, FACEBOOK INCORPORATED

Dutton attacks Facebook’s death star

Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 23-Oct-20

Home Affairs Minister Peter Dutton has expressed concern about Facebook’s proposal to introduce end-to-end encryption across its messaging platforms. Dutton has warned that fully encrypting Messenger and Instagram will facilitate the activities of terrorists and paedophiles. Dutton is seeking to introduce new laws aimed at cracking down on the so-called ‘dark web’; he contends that under current legislation it is almost impossible to investigate and identify people who use the dark web. Facebook-owned WhatsApp already uses end-to-end encryption.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, FACEBOOK INCORPORATED

The Hunter Biden story is a crucial moment: does Twitter care more than News Corp about fact-checking?

Original article by Margaret Simons
The Guardian Australia – Page: Online : 23-Oct-20

A recent story in the ‘New York Post’ about the son of US presidential candidate Joe Biden has become the battleground over the principle that media organisations should not publish allegations unless they believe them to be true, and after they have undertaken appropriate checks. The story has pitched traditional media company News Corporation against social media giants Facebook and Twitter. The social media giants have sought to stop the story from circulating due to doubts about its veracity. News Corp in turn has accused them of censorship, while it has generally failed to acknowledgement that the original story may have been false.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, FACEBOOK INCORPORATED, TWITTER INCORPORATED

News Corp to close commercial operations at Storyful APAC

Original article by Hannah Blackiston
Mumbrella – Page: Online : 8-May-20

Media giant News Corporation has advised that it will close the commercial operations of social media intelligence agency Storyful in Australia and the Pacific region. Storyful, which News Corp acquired in 2013, has about 200 employees worldwide. Its teams in the US and Europe will not be affected by the closure, while its APAC editorial team will remain intact. News Corp Australia’s publications will continue to have access to Storyful’s content.

CORPORATES
NEWS CORPORATION – ASX NWS, STORYFUL, NEWS CORP AUSTRALIA PTY LTD

Facebook admits Russia error

Original article by Helen Warrell, Guy Chazan, Michael Peel
The Australian Financial Review – Page: 19 : 17-Feb-20

Facebook founder Mark Zuckerberg has called for greater regulation of harmful content on the internet while speaking at the Munich Security Conference. Zuckerberg conceded that the social media company had been tardy in understanding Russian disinformation campaigns during the 2016 US presidential election campaign, while he said that purveyors of disinformation are becoming better at "covering their tracks". Zuckerberg added that Facebook has 35,000 people working on content and security reviews, and that it takes down more than one million fake accounts each day.

CORPORATES
FACEBOOK INCORPORATED

Facebook faces probe on currency

Original article by Michael Roddan
The Australian – Page: 1 & 8 : 6-Nov-19

Austrac is among eight Australian financial regulators that will undertake an investigation into plans by social media giant Facebook to launch a cryptocurrency. The regulators are expected to use their formal powers to compel Facebook to disclose details of its proposal for the Libra digital currency. The concerns about Libra are believed to include its potential impact on national security, privacy and financial markets.

CORPORATES
FACEBOOK INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. OFFICE OF THE AUSTRALIAN INFORMATION COMMISSIONER

Facebook listened in on private talk

Original article by David Swan
The Australian – Page: 3 : 16-Aug-19

The Irish Data Protection Commission is investigating whether Facebook and other technology companies have breached EU privacy rules. This follows revelations they listened in on anonymous audio conversations in order to improve their products. Daniel Muchow, from Sydney company Risk-Logic, says the eavesdropping was a further example of Facebook taking advantage of user data for its own benefit, while he contends Facebook is "milking user apathy".

CORPORATES
IRISH DATA PROTECTION COMMISSION, FACEBOOK INCORPORATED, RISK-LOGIC

Big Tech inquiry lauded abroad

Original article by Lilly Vitorovich
The Australian – Page: 25 : 5-Aug-19

The final report of the Australian Competition & Consumer Commission’s inquiry into digital platforms has received strong support from the global media industry. News Media Alliance CEO David Chavern says the US government should hold a similar inquiry into the market power of digital players such as Google and Facebook. Meanwhile, the UK News Media Association’s deputy CEO Lynne Anderson says the federal government should act quickly on the ACCC’s recommendations.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, NEWS MEDIA ALLIANCE, NEWS MEDIA ASSOCIATION, GREAT BRITAIN. COMPETITION AND MARKETS AUTHORITY, EUCLID LAW

Facebook needs years to regain trust

Original article by Zoe Samios
The Australian – Page: 19 : 2-Aug-19

Facebook’s chief marketing officer Antonio Lucio has conceded that it will take years for the social media giant to regain the trust of consumers and advertisers in the wake of a series of scandals. He has told the AdWeek conference that trust is built through "very meaningful action" rather than mere words. Meanwhile, Facebook executive Ime Archibong says the company still has much work to do to address some consumer concerns, including how it deals with hate speech.

CORPORATES
FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UNITED STATES. FEDERAL TRADE COMMISSION

Facebook digital currency to challenge the banks

Original article by James Eyers
The Australian Financial Review – Page: 1 & 20 : 19-Jun-19

Social media giant Facebook has outlined plans to directly compete with financial services providers such as banks and the online payments sector. It aims to offer digital wallet and cryptocurrency products in the first half of 2020. Facebook is a founding member of the Libra Association, which will manage the Libra cryptocurrency, while its digital wallet will be called Calibra. Facebook’s plans can be expected to attract close scrutiny from Australian and international regulators, given the company’s data breach scandal in 2018.

CORPORATES
FACEBOOK INCORPORATED, LIBRA ASSOCIATION, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, RESERVE BANK OF AUSTRALIA, ANDREESSEN HOROWITZ, UNION SQUARE VENTURES, RIBBIT CAPITAL, ALIPAY, TENCENT HOLDINGS LIMITED, AFTERPAY TOUCH GROUP LIMITED – ASX APT, ZIP CO LIMITED – ASX Z1P, APPLE INCORPORATED, GOOGLE INCORPORATED, OFX GROUP LIMITED – ASX OFX, TRANSFERWISE, MASTERCARD INTERNATIONAL INCORPORATED, VISA INTERNATIONAL, PAYPAL INCORPORATED, EBAY INCORPORATED, UBER TECHNOLOGIES INCORPORATED, SPOTIFY LIMITED, VODAFONE GROUP PLC, INTERNATIONAL MONETARY FUND