SOCIAL MEDIA

Facebook needs years to regain trust

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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

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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.

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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

Facebook, Google are not publishers: US anti-trust expert

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 30-Apr-19

US competition lawyer Howard Shelanski has urged caution when it comes to passing laws that would dictate how Facebook and Google should display content or refer users to news websites. Shelanski, who is a partner with law firm Davis Polk and advises Facebook on competition law, contends that Google and Facebook are not publishers. On the question of mergers, Shelanski says there needs to be greater acknowledgement of the value of competition and innovation when regulators are assessing them.

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FACEBOOK INCORPORATED, GOOGLE INCORPORATED, DAVIS POLK AND WARDWELL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Facebook in global ban on white nationalism, separatism

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Original article by Max Mason
The Australian Financial Review – Page: 3 : 29-Mar-19

Facebook has advised that it intends to ban "praise, support and representation" for white nationalism and separatism. It will initially focus on removing such content; those who continue to voice such views could find themselves being banned from all Facebook services, including WhatsApp and Instagram. The ban follows continued criticism of social media companies in the wake of the Christchurch mosque shootings over their failure to deal with the issue of hate speech on their platforms.

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FACEBOOK INCORPORATED, WHATSAPP INCORPORATED, INSTAGRAM LLC, ONE NATION PARTY

Twitter upgrades terror fight

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Original article by
The Australian – Page: 19 : 28-Mar-19

A spokesman for Twitter says the social media company is constantly monitoring its platform for keywords and hashtags that might be associated with content advocating terrorism or other extremist activity. Twitter says more than 90 per cent of terrorist content is proactively removed from its platform, and it will continue to invest in technology to address the issue as well as co-operating with governments and industry. Social media companies have attracted scrutiny after the Christchurch mosque shootings were live-streamed on Facebook.

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TWITTER INCORPORATED, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

Facebook pledges to boost quality

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 9-Aug-18

Facebook’s algorithms detected the bulk of the 583 million fake accounts that the social media giant deleted during the March quarter. Campbell Brown, Facebook’s global head of news partnerships, says about one million fake accounts are being deleted each day and the company is making significant progress in combating fake news. However, she has conceded that Facebook cannot completely remove fake news from its platform. Brown has also indicated that Facebook will shortly launch its Watch video-on-demand service in Australia.

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FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, APPLE INCORPORATED, YOUTUBE INCORPORATED, SPOTIFY LIMITED

Over 90% of Australians lack understanding of how leading apps use data

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Jul-18

Roy Morgan’s privacy survey has found that more than 90% of Australians aged 14+ are either "not sure" or only "somewhat understand" how several leading apps use and/or share their data. This includes 94.6% of Australians who use Apple apps, 94.3% of Twitter users, 94.0% of Instagram users and 93.7% of Snapchat users. The findings are based on interviews with a representative sample of 967 Australians drawn from Roy Morgan’s Single Source panel. Roy Morgan CEO Michele Levine says that despite the concerns raised about the potential misuse of personal data, only a tiny minority of Australians (between 5-10%) believe they "fully understand" how companies such as Apple, Twitter, Facebook, Snapchat and Google use and/or share their personal data.

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ROY MORGAN LIMITED, APPLE INCORPORATED, TWITTER INCORPORATED, INSTAGRAM LLC, SNAPCHAT INCORPORATED, MESSENGER, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Code too complex to regulate, says Google

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Original article by Darren Davidson
The Australian – Page: 24 : 1-Jun-18

The search algorithms of digital companies like Google and Facebook are attracting growing scrutiny by regulators such as the Australian Competition & Consumer Commission and the European Commission. However, Google Australia MD Jason Pellegrino has rejected a proposal to establish an algorithm review board, arguing that it would be "unworkable" as Google has multiple algorithms which involve many variables.

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GOOGLE AUSTRALIA PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, YOUTUBE INCORPORATED, AMAZON.COM INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, EUROPEAN COMMISSION, NEWS CORPORATION – ASX NWS, KLEINER PERKINS CAUFIELD AND BYERS, HACHETTE LIVRE

Tech giants in abuses of power

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Original article by Darren Davidson, Dana McCauley
The Australian – Page: 1 & 8 : 4-May-18

Many of the submissions to the Australian Competition & Consumer Commission’s inquiry into digital platforms have highlighted the impact of Google and Facebook on jobs and advertising revenue in the media sector. Seven Group CEO Ryan Stokes argued that digital companies should be required to pay a fair price for distributing media content, while Foxtel said it is hard to attract new pay-TV customers when pirated content can be accessed for free on Facebook and YouTube. The Australian Association of National Advertisers called for digital platforms to be regulated in a similar way to traditional media companies.

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AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, FOXTEL MANAGEMENT PTY LTD, YOUTUBE INCORPORATED, AUSTRALIAN ASSOCIATION OF NATIONAL ADVERTISERS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIAN ASSOCIATED PRESS PTY LTD, TEN NETWORK HOLDINGS LIMITED, SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, APPLE INCORPORATED

Facebook outlines privacy revamp

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Original article by Deepa Seetharaman
The Australian – Page: 22 : 19-Apr-18

Social media giant Facebook has revealed changes to its privacy policy in the wake of the Cambridge Analytica data breach scandal and the imminent introduction of stricter laws in Europe with regard to the use of personal data. Facebook will initially roll out its new privacy policy in Europe, with users to be explicitly asked permission for Facebook to use their personal data for targeted advertising and its facial recognition technology.

CORPORATES
FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC