![]() ![]() Governments are stepping up to dramatically hinder Facebook’s data-collection capabilities, with Germany just this week banning third-party data sharing. Ad buyers are already shifting dollars to competitors’ platforms. Users are fleeing in droves, especially in the company’s most valuable markets. The platform’s content ecosystem is too poisoned for human or machine moderators to cleanse. Given the depth and intractability of Facebook’s problems, this is at best short-sighted. ![]() As a recent op-ed by John Naughton in The Guardian declares bluntly in its headline, “Facebook’s burnt-out moderators are proof that it is broken.”Īs we noted in last week’s issue, 41 of the 53 analysts tracked by Bloomberg currently list Facebook as a buy, with “the average price target… $187, which implies upside of nearly 36%.” That optimism springs from a basic assumption: the company’s monopolistic data dominance means it can continue extracting more from advertisers even if controversy after controversy continues to sap its user growth. The rules are not even written in the languages the moderators speak, so many rely on Google Translate. ![]() They rely on “guidelines” provided by Facebook - “dozens of unorganised PowerPoint presentations and Excel spreadsheets with bureaucratic titles like ‘Western Balkans Hate Orgs and Figures’ and ‘Credible Violence: Implementation standards’,” as The New York Times reported last fall. ![]() They are not experts in the subject matter or region they police. What he failed to disclose is that the majority of that army is subcontractors employed in the developing world.įor as long as ten hours a day, viewing as many as 25,000 images or videos per day, these low-paid workers are buried in the world’s horrors - hate speech, child pornography, rape, murder, torture, beheadings, and on and on. Throughout his 2018 apology tour, Mark Zuckerberg regularly referenced the staff of moderators the company had hired as one of two key solutions - along with AI - to the platform’s content evils. The film is an investigative look at the life of Facebook moderators in the Philippines. The suicide rate is extremely high,” o ne of the directors of the documentary, “The Cleaners” told CBS News last May. and Renault SA, was supposed to finish his 200-meter leg right in front of a Copacabana hotel covered in advertisements for Nissan’s newest car.“There’s no mental health support. Ghosn, who is chief executive officer at both Nissan Motor Co. Like so many things in Rio de Janeiro, Carlos Ghosn’s recent turn in the Olympic Torch Relay didn’t go as planned, John Lippert and Fabiola Moura report. Nissan’s Ghosn jostles for gold on home ground The deal is currently valued at about $13.4 billion.ĥ. The shareholders of both companies approved the deal in April.Ī Chinese company, Anbang Insurance Group Co, had made a bid for Starwood, but abandoned its pursuit of the hotel operator in April after a bidding war that resulted in Marriott increasing its cash-and-stock bid for Starwood by $1 billion. Marriott’s deal to buy Starwood, the operator of Sheraton and Westin hotels, has been cleared by antitrust authorities in more than 40 countries including the United States, the European Union and Canada. MOFCOM has only ever blocked two deals of the 1,473 deals it has reviewed since its anti-monopoly law came into force in 2008 but it has asked for remedies in 26 cases, including InBev, according to law firm Norton Rose Fulbright. Rick Bowmer / AP Photo by Rick Bowmer / APĬhina has extended its review of Marriott International Inc’s acquisition of Starwood Hotels & Resorts Worldwide Inc by up to 60 days, Mike Stone reports.Ĭhina’s Ministry of Commerce (MOFCOM) review is the only remaining merger clearance for the deal, which is expected to create the largest hotel group in the world with a combined enterprise value of $36 billion and 1.1 million hotel rooms. China extends Marriott-Starwood deal review The company won the award in court last year after its Brisas project was expropriated.Ĥ. In return, Gold Reserve agreed to drop its US$740-million international arbitration claim against Venezuela. This advertisement has not loaded yet, but your article continues below. ![]()
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