Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Facebook says WSJ allegations are 'mischaracterizations,' confer 'false motives'

Stock MarketsSep 18, 2021 21:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann

(Reuters) - Facebook Inc (NASDAQ:FB) on Saturday slammed a Wall Street Journal series of articles about the social media company's platform as containing "deliberate mischaracterizations" and said the articles "conferred egregiously false motives to Facebook's leadership and employees."

The Wall Street Journal, citing a review of internal company documents that included research reports, online employee discussions and drafts of presentations to senior management, said that although Facebook researchers have identified "the platform's ill effects," the company failed to fix them.

The Wall Street Journal articles say that Facebook exempted high-profile users from some or all of its rules, played down the negative effects on young users of its Instagram app, made changes to its algorithm that made the platform "angrier," and had a weak response to alarms raised by employees over how the platform is used in developing countries by human traffickers.

Nick Clegg, Facebook's vice president of global affairs, writing in a blog post https://about.fb.com/news/2021/09/what-the-wall-street-journal-got-wrong, said the Wall Street Journal's stories "contained deliberate mischaracterizations of what we are trying to do, and conferred egregiously false motives to Facebook's leadership and employees."

Clegg called "just plain false" an allegation that "Facebook conducts research and then systematically and willfully ignores it if the findings are inconvenient for the company."

Facebook, Clegg said, understands the "significant responsibility that comes with operating a global platform" and takes it seriously, but "we fundamentally reject this mischaracterization of our work and impugning of the company's motives."

Clegg defended Facebook's handling of posts on the COVID-19 vaccine and said that the "intersection between social media and well-being" remains an evolving issue in the research community.

Facebook says WSJ allegations are 'mischaracterizations,' confer 'false motives'
 

Related Articles

Valneva Shares Off 12% On  Share Offering News
Valneva Shares Off 12% On Share Offering News By Investing.com - Oct 27, 2021

by David Wagner and Daniel Shvartsman French pharmaceutical company Valneva SE ADR (NASDAQ:VALN) shares dropped after announcing a share offering, with shares trading down 12%...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email