A vote-generating group funded in part by Facebook’s Mark Zuckerberg dumped money in eight swing states in 2020, virtually all to counties that picked President Joe Biden over former President Donald Trump in last year’s election, according to a congressional critic.
New York Rep. Claudia Tenney, co-chairwoman of the House Election Integrity Caucus, today released new details of her inquiry into spending by the Zuckerberg-backed Center for Tech and Civic Life showing spending of $144 million — $130 million to Democratic counties and $14 million to GOP counties.
As advertising revenue growth stalls, Meta Platforms Inc., the owner of Facebook and Instagram, told employees that it plans to implement a hiring freeze and restructure employee teams in the latest effort to trim costs, reported Bloomberg.
A person in attendance during a company Q&A session said CEO Mark Zuckerberg announced the hiring freeze as this is the latest evidence advertising revenue growth for the social media giant is slowing. There’s also the concern about waning activity among users.
“For the first 18 years of the company, we basically grew quickly basically every year, and then more recently our revenue has been flat to slightly down for the first time,” Zuckerberg told staff Thursday.
“I had hoped the economy would have more clearly stabilized by now, but from what we’re seeing it doesn’t yet seem like it has, so we want to plan somewhat conservatively,” he added.
Last week, Meta began quietly cutting staff by reorganizing departments while giving ‘reorganized’ employees the ability to apply for other roles within the company, according to WSJ.
Facebook is a garbage app that people hate but still use because lots of their friends and relatives also hate it but still use it. The interface gets worse and more user-hostile year after year. (Hint: To see most recent posts in your timeline, something they’ve taken away from the main menu because they hate users and want to shove ads down your throat, go to https://www.facebook.com/?sk=h_chr.) Facebook has done as much as any social platform to drive Americans apart.
Not to mention the fact that just about everyone agrees that the “Metaverse” Zucker is creating is a giant festering pile of garbage.
That Facebook profits are declining because the administration of the senile president he helped install has driven the economy into a ditch doesn’t balance out the harm he’s done. But it’s a start.
Bonus: This always cracks me up:
Tags: Facebook, Mark Zuckerberg, Media Watch
Love the “Hint”, because yeah, that’s a problem with the UI. I’ll see a good post from a friend but may not have the time to respond. When you come back later, they won’t show you your friends’ post, but you’ll get the obligatory Beto Ad. Alas, most of the college buddies use FB, and it is better than email or SMS group texts.
As for Meta; it is just an encroaching nightmare I don’t want. I have an original Oculus Go, which I use to watch movies and media, because it is pretty cool for that unintended use. It is a VR platform, but it works best for me as just a private movie screen, because you can blow up a movie to IMAX proportions or watch TV in about any orientation you find comfortable. So far, I’ve used it without fully linking it to a FB/Meta account. That ends Jan. 1st, because long ago FB bought Oculus, FB became Meta, and now all the original end user agreements are null, because Zuck says so. I get that Zuck wants to know what I’m watching at all times, so he can somehow think I’ll be interested in voting for Beto or buying whoever is dumb enough to advertise with Meta. Sadly, the two things worse than their user interface are; 1) ability (and desire) to stereotype people and predict what might interest them and 2) there insatiable desire for data they obviously can’t understand.