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Inside Facebook

Inside Facebook (May 2nd, 2017)

$FB (3:49 p.m. EST): $152.18 (↓ .28%) // 90-day high: $152.57 // 90-day low: $129.5 // More info

Facebook interns earn up to $8,000 per month, according to Glassdoor. Tech companies paid their interns the highest salaries, according to Glassdoor's report on the 25 highest paid internships in America. Microsoft pays interns a median $7,100 per month; Salesforce, Amazon, Apple, Yelp, Yahoo and Dell subsidiary VMware all made the Top 10, offering a median monthly salary between $6,080 and $6,450. The tech company internships paid well over the banking industry. Investment management company BlackRock paid interns a median monthly salary of $5,400. – CNN

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Facebook allegedly passed on data to advertisers about teens' emotional health, a violation of the social networking platform's policies. Leaked internal research documents show how people's posts on Facebook classify them as feeling "stressed," "anxious," "nervous" or other negative emotions. The report claims that advertisers could use this information to target teens "when they are potentially more vulnerable." The report also stated that leaked information shows how Facebook "has been honing the covert tools it uses to gain useful psychological insights on young Australian and New Zealanders in high school and tertiary education." – CNBC

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Female engineers at Facebook have their code rejected at a higher rate then men who work at the social networking company. The Wall Street Journal reported that code written by female engineers was less likely to make it through Facebook’s internal peer review system, suggesting their work was more heavily scrutinized. Facebook disputed the claim, attributing any gap in rejection rates to an engineer’s rank, not gender. A Facebook spokeswoman described the initial analysis as “incomplete and inaccurate—performed by a former Facebook engineer with an incomplete data set.” The company’s workforce is just 33 percent female, with women holding just 17 percent of technical roles and 27 percent of leadership positions. – WSJ

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An anonymous Facebook employee says the movie "The Circle" is a spot-on representation of Facebook. The movie is about a social media giant that turns evil and tramples over all of its users' privacies and freedoms. A Facebook employee named "Dan"  told The Guardian the movie is exactly right. "As far as collecting everyone's information and monetizing it, that's already being done. It's not some dark, sci-fi dystopia. It's reality." Dan said Facebook CEO Mark Zuckerberg is already more powerful than the president of the United States: "If you control information, you can control people's minds, and Facebook is the one that decides all of this. [Zuckerberg] runs Facebook. Why would he want to run for president? He's already president of the world." The movie bombed on its opening weekend, earning $9.3 million. – FAST COMPANY

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Facebook is launching an original, first-run Mickey Mouse clubhouse show. "Branded content is a priority for Facebook," Rita Ferro, president of advertising sales for Disney, told CNBC. "We're going to be working with them on a bunch of things." The show is one of nine programs created in partnership with Facebook Anthology, advertising partnerships between the platform, media companies and brands. The original "Mickey Mouse Club" kicked off the careers of Annette Funicello, Ryan Gosling, Justin Timberlake and Britney Spears. Facebook is also considering a show on millennial fathers, an animated gaming-themed show called "Coin," and an IBM-sponsored Star Wars series called "Science and Star Wars." – CNBC

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Mashable says that Facebook's Snapchat copy, Stories, has amounted to "bupkis, a worthless void taking up a prime slice of the internet's most important real estate." No one, according to Mashable, is using the feature, which sits on top of the news feed on the mobile app. The tech site also criticizes Facebook's launch of Facebook Live, designed to monetize video, but has become best known for "the thing that murderers and bullies use to document their crimes." Facebook is expected to report its earnings after the market close on May 3, which could reveal more about the popularity of Stories. – MASHABLE

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Facebook is expected to reveal first-quarter earnings at the close of market on Wednesday. Analysts expect that Facebook will report a 45 percent increase in adjusted earnings to $1.12 a share on a jump in revenue to $7.82 billion. Facebook hit a new closing high of 152.46, on May 1. RBC Capital Markets analyst Mark Mahaney wrote in a research note that Facebook "has continued to grow users at an impressively robust pace off a very large base." He expects Facebook to report 1.89 billion monthly active users, up 14 percent year over year and with a 51 percent increase in ad revenue growth. – INVESTORS

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A 31-year-old man may go to prison for 15 years after he was spotted waiving a gun on Facebook Live. FBI agents saw Christopher Brinson, of Fort Lauderdale, on a Facebook Live video singing and dancing with a friend while waving a gun outside a convenience store. Brinson, however, is a convicted felon and is legally barred from owning, handling or even touching a firearm. Brinson’s attorney claims the gun was nothing more than an impressive-looking fake. “This was nothing but a theatrical performance,” Brinson’s attorney Lawrence Hashish said. “He was singing and dancing outside a convenience store, not being threatening in any way. Nobody even called the police.” – NY POST

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