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Introducing Meta: A Social Technology Company

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Posts generate engagement.
User profiles and tracking of likes / dislikes etc. generate data.
Both in combination provide an outlet for targeted advertisement.

I’ve never stated otherwise.

Right, but it matters how that data is being used. Is it used 'fairly' - as in, what you would or could reasonably expect given the popularity of certain subjects (a form of data transparency, 'being honest') or is it being used in a manipulative way.

The papers reveal the manipulation at work is staggering and extends beyond Facebook as well, with full intent and knowledge that destabilization generates more money. Conflict generates money. We can see the results in societies. They're not positive. Facebook has lied on multiple counts about what they said they would do, and what they really did wrt changing the algorithms and prominence of posts.

The question that we need to ask here is whether we want that.
 

bug

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Right, but it matters how that data is being used. Is it used 'fairly' - as in, what you would or could reasonably expect given the popularity of certain subjects (a form of data transparency, 'being honest') or is it being used in a manipulative way.

The papers reveal the manipulation at work is staggering and extends beyond Facebook as well, with full intent and knowledge that destabilization generates more money. Conflict generates money. We can see the results in societies. They're not positive. Facebook has lied on multiple counts about what they said they would do, and what they really did wrt changing the algorithms and prominence of posts.

The question that we need to ask here is whether we want that.
And we haven't said anything about organized groups spreading lies, yet.

Once again, I'm all for FB (even though my only engagement with them is WhatsApp). I understand they're in a delicate position - I've seen them being accused of closing legit accounts that were being wrongly reported. It's also unclear whether it's possible to sift through content generated by millions of people without hiring millions of people yourself. But at the same time, it's clear they are not overly concerned with curbing nefarious practices as long as they also rake in the cash. That's why I think some form of regulation is required.
 
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I've already stated at the beginning, algorithms aside there is no difference. Add in algorithms, and its only provides you more prominent posting of things you were already shown to be interested in.

Prominent posts aren't generating revenue, advertisement you see on Facebook is generating revenue and selling your data. The only remotely shady aspect is that your data is being mined and sold, and ads are being targeted based off your data.

Prominent posts causing discussion is only creating reaction, and no revenue.
"Algorithms aside" - as if you can selectively separate out fundamental building blocks of a medium and still make any reasonable claim to authoritative statements describing it? Let me see ... "The visual aspect aside, TV is the same as radio." "Immediacy, technologies involved and multimediality aside, email is the same as snail mail." "Size, number of seats, fixed routes and timetables, advertisements and professional drivers aside, buses are the same as cars."

You see how reductive this is, right? How it wildly skews the comparison? How said skewing is entirely arbitrary, based on the criteria left out? After all, all of these things are comparable, but you're arguing that - and I quote - "there is no difference". This, qiute frankly, is ludicrous. You cannot separate out the algorithmic parts of any modern mass-scale social medium and still claim to speak of it as it exists in the world. You are then speaking of a highly selective subset of the medium that users generally do not interact with, and do not have access to.
You’ve bought in to a narrative to draw your conclusion.
And you haven't? You're here arguing as if sorting and promotion algorithms can just be selected out without major consequences to your understanding of a medium that is fundamentally constructed on top of these.
Your argument is no different than saying we should ban CNN, Fox News, MSNBC, and other news outlets for promoting stories that generate attention more, in a negative manner towards one side or the other.
I don't know if you know this, but most countries regulate their media in some way, through either laws, commonly accepted industry practices, or both, in order to ensure journalistic integrity. These systems differ between countries and regions, and some are more successful than others. I could absolutely agree that US mass media are pretty terrible, and frequently use highly speculative and sensationalist rhetorical devices and presentations in order to gain viewers. I would gladly discuss the reasons why this is with you, but as it's getting quite off topic I'll leave it at the very abridged version: (essentially) unregulated for-profit reporting in a predatory capitalist system, and the complete disappearance of the societal responsibility of helping create an informed and educated public as a guiding principle for the media (which is again directly and causally tied to for-profit reporting).
Posts generate engagement.
User profiles and tracking of likes / dislikes etc. generate data.
Both in combination provide an outlet for targeted advertisement.
Again: and you haven't bought into a narrative? This is an example of willful ignorance par excellence. You are presenting incredibly complex and highly variable relationships between a host of interlocking actors - users; the posts in question: platform owners; platform moderators; all the various components of the platforms including their perceptual aspects, their sorting and promotion algorithms, their data harvesting, and more; other users/the "audience"; ad buyers/post promoters; and many others - and reducing it to "Posts generate engagement". As if this relationship is remotely linear or even predictable. I mean, come on. Do all posts generate similar amounts of engagement? What are the variables in play, and are they the same in all situations? Do they work the same way in all situations? How does paid promotion of posts play into this? How do advertisements in news feed play into this? How does the system gauge engagement? What does "engagement" even mean? Are all types of engagement equal, and are they of equal value to users?
I’ve never stated otherwise.
But that's the thing: you're presenting such an oversimplified view of this that your takes border on the absurd. You are thus stating otherwise, as you are presenting a caricature of reality while pretending that this is the same as others here are discussing. The fundamental premises for your approach to this discussion are deeply flawed. And that's ignoring how your approach shows a fundamental ignorance of the past century (or even the past couple of decades) of social sciences and media studies.
 
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Hi,
Looks like this wasn't BS


Code:
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, 
as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg 
said in a letter to employees Wednesday.

The move comes just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk.

Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown 
era because more people stayed home and scrolled on their phones and computers. But as the lockdowns 
ended and people started going outside again, revenue growth began to falter.

An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source — 
have contributed to Meta's woes. This summer, Meta posted its first quarterly revenue decline in history, followed 
by another, bigger decline in the fall.
 

AsRock

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Hi,
Looks like this wasn't BS


Code:
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce,
as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg
said in a letter to employees Wednesday.

The move comes just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk.

Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown
era because more people stayed home and scrolled on their phones and computers. But as the lockdowns
ended and people started going outside again, revenue growth began to falter.

An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source —
have contributed to Meta's woes. This summer, Meta posted its first quarterly revenue decline in history, followed
by another, bigger decline in the fall.

About time the company went the way of the myspace, but i guess there be another POS social media website that will take it's place.
 
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Hi,
Looks like this wasn't BS


Code:
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce,
as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg
said in a letter to employees Wednesday.

The move comes just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk.

Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown
era because more people stayed home and scrolled on their phones and computers. But as the lockdowns
ended and people started going outside again, revenue growth began to falter.

An economic slowdown and a grim outlook for online advertising — by far Meta’s biggest revenue source —
have contributed to Meta's woes. This summer, Meta posted its first quarterly revenue decline in history, followed
by another, bigger decline in the fall.
'Learn to code.'
 
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Hi,
Looks like this wasn't BS


Anyone following the techworld this year knows that tech is rolling back severely, and has been for the last 6 months (since the April Fed rate hikes).

1668017205905.png



EDIT: because TWTR + Facebook/Meta layoffs were so big, Nov 2022 is already at 20,000+ layoffs (highest for the year), and we're only 9 days into November
 
Last edited:
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Anyone following the techworld this year knows that tech is rolling back severely, and has been for the last 6 months (since the April Fed rate hikes).

View attachment 269292
Aligns perfectly with the recent massive jump in corporate profits, so hardly unexpected. Gotta protect those margins, executive bonuses and shareholder payouts!
 
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