Financial Times – Meta’s ‘free speech’ overhaul sparks advertisers’ concern
“Multiple advertising bosses told the Financial Times that Meta’s move to end its fact-checking programme and weaken hate speech policies could cost the platform, where marketing represents the majority of its $135bn in annual sales, if brands fear their adverts might run next to toxic content.”
The Motley Fool – Why Meta Platforms Stock Slumped on Monday
“While Meta is a behemoth, one of its Achilles’ heels is that it is heavily dependent on advertising for its success. And while it has the resources to fight this legal battle and pay damages or a settlement, having an adversarial relationship with the people and businesses that provide much of its revenue isn’t the best look for the company.”
NYT – Inside Mark Zuckerberg’s Sprint to Remake Meta for the Trump Era
“Mr. Zuckerberg turned this latest effort into a closely held six-week sprint, blindsiding even employees on his policy and integrity teams … Some employees were livid at what they saw as efforts by executives to hide changes to the ‘Hateful Conduct’ policy before it was announced.”
Platformer – Meta goes mask-off
“It’s clear that many (senior Meta leaders) had little to no input in these decisions, and very little advance warning … Dave Willner, who helped put together first the content standards for Facebook, described the changes as ‘incoherent.’”
CNN – Zuckerberg’s MAGA turn insulates Meta for a while. But the business has bigger problems
“Zuckerberg is insulated from the consequences of making bad choices until he’s not — until things reach a breaking point… and then he tends to panic,” (Cory) Doctorow told me. “Tech calls these panics ‘pivots,’ but they’re just the outcome of being the CEO of a company that posts anemic growth or even a contraction and sees the Street just go nuts on you … They’re now at the end of a long run of extremely bad choices.’”
