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About This Club

A club all about "The" Facebook as it was originally called and what it has grown into and out of. Enjoy!
  1. What's new in this club
  2. Facebook said it stored millions of Instagram passwords without the proper security measures.
  3. Facebook spent $22.6M on personal security for CEO Mark Zuckerberg in 2018 (that's up from $9.1M the year before) and $2.7M on COO Sheryl Sandberg — Apple spends only $310K on CEO Tim Cook
  4. You thought ordering that colon cleansing tea off Instagram was easy before? You’re in for a real treat now. Instagram is adding a checkout feature that’ll let users buy products from brands and retailers on their feed directly inside the app, meaning they won’t have to leave Instagram to finish the transaction. Advantage retailers: When it takes fewer steps to complete a purchase, shoppers are far more likely to smash that “place order” button. Advantage Instagram: First, it’ll keep a small cut of each sale. Plus, it makes sense for IG parent Facebook. For now, only Instagram will store shoppers’ payment and shipping info, but remember...Facebook has said that payments and commerce is a revenue stream it’ll be leaning into going forward. The checkout feature is starting with just 20 brands. The WSJ calls it a “cautious step” toward taking on Amazon, but you can call it a quick way to blow your bonus. Via Morning Brew
  5. Yesterday was a historic one for Facebook (+0.69%). It announced big changes to its rules for advertisers to settle a cluster of lawsuits claiming it allowed ad buyers to illegally discriminate against minorities—mainly people of color. The backstory: Two years’ worth of investigative reports (and a handful of high-profile lawsuits) uncovered how some ad buyers abused FB’s platform to block minority groups from seeing ads about certain opportunities for housing, employment, and credit. Going forward, Facebook will remove age, gender, and ZIP code targeting for housing, employment, and credit-related ads on all platforms, plus... There will be a new advertising process tailored specifically for marketers purchasing ads in those sectors. And FB will launch an archive for housing ads (like it did for political ads) to allow users to search all active housing ads on FB, whether or not they’re being targeted by them. Zoom out: As Axios puts it, internet platforms that sell ads aren’t regulated the same way TV and radio are. This probably isn’t the last time you’ll watch a tech company address ad transparency.
  6. Facebook (+0.39%) stored hundreds of millions of users’ passwords as plain text on an internal database tens of thousands of employees could access. It said it will alert users who've been affected.
  7. I realize that "GrokStyle" is probably the name of a tech company. I am impressed that ANYONE understands the full and subtle flavor of the word Grok, anymore. However .. I do not understand how the word "GrokStyle" is used, and understood. Is there an example of the AI style of artificial cognition that would be considered "Grokish"?
  8. Welcome back Forums. The same old "Town Square" that has always been here.....
  9. Yesterday, Facebook’s CEO posted a manifesto outlining plans for a seismic shift in strategy—one toward encrypted, private, and ephemeral communication. Instead of focusing on the kind of publicly shared content that 1) made Facebook worth hundreds of billions and 2) continues to haunt you in your “On This Day” feature, Facebook will become a “privacy-focusedcommunications platform.” The motive: People increasingly want to communicate privately or in smaller groups instead of “the digital equivalent of a town square,” Zuck said. Don’t believe him? Poll your 10 group chats. And to adapt to that evolution, Facebook (+0.73%) will rebuild many of its features. How does that happen? Glad you asked, since we’ve got 3,220 of Zuck’s own words to figure it out. “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever,” Zuck wrote. All of FB’s messaging platforms will start looking more like WhatsApp—with end-to-end encryption becoming standard. It’ll also consider deleting messages by default after a month or year. Will the changes dent business? Well, private/encrypted messaging tools could breed new business ventures like payments and commerce—which have become Facebook’s “current pet obsessions,” writes The Verge’s Casey Newton. Keep in mind: Zuck told the WSJ he doesn’t “view this as replacing the public platform,” but instead developing more “around the intimate and private communications.” Which, Zuck admits, could use work. “Frankly we don’t currently have a strong reputation for building privacy protective services...But we’ve repeatedly shown that we can evolve to build the services that people really want.” While this is a big shift for Facebook, money talks and a blog post without any follow through walks. Unless he can actually deliver on his promise of Facebook 2.0, Zuck will be stuck with his bad reputation for keeping data safe.
  10. No wonder Mark Zuckerberg made this statement this week.... “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever.” But don't believe for one minute that he likes this..... he is losing content along the way.
  11. Facebook (+0.57%) has acquired “visual shopping”/artificial intelligence startup GrokStyle to pad its own AI roster.
  12. ...and now you can, too. Facebook has released an unsend feature for Messenger that allows you to delete a message from everyone’s view within 10 minutes of sending it.
  13. 100,000 users.... LOL This site has 15% of that right now. I know... I know.... But I also don't want the headaches he has inherited with "The Facebook" either.
  14. Phrase #1: A picture is worth 1,000 words. Phrase #2: An ex-employee is worth 2,589. Let's start with the one you're familiar with. Facebook (-1.01%) CEO Mark Zuckerberg got trolled by lawmakers from Britain, Canada, France, Belgium, Brazil, Ireland, Latvia, Argentina, and Singapore. And for a little extra burn? They did it on Twitter. Their beef? Zuck (again) failed to show up when summoned by lawmakers to answer questions regarding Facebook's strategy for protecting user data and privacy. And now to Phrase #2: A former Facebook employee named Mark Luckie claimed the social media company has a "black person problem" in a 2,589-word post. He said he circulated the post to Facebook's employees across the globe just before he stopped working there earlier this month. "In some buildings, there are more 'Black Lives Matter' posters than there are actual black people. Facebook can't claim that it is connecting communities if those communities aren't represented proportionately in its staffing," Luckie said. Zoom out: 3.5% of Facebook's U.S. employees are black, per its latest diversity report. Morning Brew

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