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Inside Facebook

Inside Facebook (Jun 2nd, 2017)

$FB (3:30 p.m. EST): $153.17(↑ 1.64%) // 90-day high: $153.6 // 90-day low: $136.08 // More info

Facebook is developing a teen-oriented messaging service that gives parents more control over who their kids can contact, according to an exclusive report from The Information. Code inside the main Facebook app points to an unreleased messaging app aimed at teenagers called “Talk." The app will be restricted to users 13 years or older, and teens won't need their own Facebook profile to access the app. Teens who use Talk won't be publicly searchable, a safety precaution that could help eliminate the danger of teens being approached by strangers. – ROLLING STONE

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Facebook CEO Mark Zuckerberg has come out against President Trump's withdrawal from the Paris climate change agreement. “Withdrawing from the Paris climate agreement is bad for the environment, bad for the economy, and it puts our children's future at risk,” Zuckerberg wrote in a Facebook post. “For our part, we've committed that every new data center we build will be powered by 100 percent renewable energy. Stopping climate change is something we can only do as a global community, and we have to act together before it's too late.” Zuckerberg joins Salesforce CEO Marc Benioff and Tesla’s Elon Musk as Silicon Valley critics of the decision. – RECODE

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Facebook shareholders rejected a proposal for the company to prepare a pay equity report. A stockholder proposed the idea and suggested that the report be completed by December 2017. The company's board of directors recommended a vote against the proposal. A 2014 Glassdoor study found that female software engineers at Facebook make $5,949 less than their male counterparts. The social networking site says it has already been working to resolve the issue. “Given our ongoing compensation practices and diversity efforts, and that we have previously shared that we have pay parity, our board of directors believes that the preparation of the report contemplated by this proposal is unnecessary and not beneficial to our stockholder,” Facebook said in a statement. – TC

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Facebook albums can now hold photos, video and text-based status updates. Previously albums did not store status updates. The social networking site has already begun rolling out the changes on desktops and Android devices, but the new feature is expected to be available for iPhones and iPads in the coming months. TechCrunch reports that the move could help Facebook compete with the Google Photos, which stores photos for free, detects who’s in them, automatically shares photos with your close friends and family, and lets you search your library by keyword. – ENGADGET

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Facebook has introduced "Hello," a feature similar to the "Poke." The new tool allows users to notify one another that they are in a talking mood, without actually communicating any words. Facebook reps told Mashable that the feature is being tested by some users in the UK. Facebook said the Hello is an attempt to streamline communication. “Saying hello is one of the most universal things people do, so we're testing a feature that makes it easier to say hi on Facebook." – MASHABLE

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Facebook’s four consumer apps: Facebook, Messenger, WhatsApp and Instagram, have grown faster than Facebook. Kleiner Perkins Caufield & Byers partner Mary Meeker recently published her annual Internet Trends Report and presented the data at Recode’s annual Code Conference. Recode says that the apps may have grown faster because Facebook started from scratch, whereas the apps had the advantage of using an already existing Facebook user base. RECODE

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A leading cyber expert says that Facebook moderators are developing post-traumatic stress disorder because they have to screen for "horrific content" on the internet. Dr. Mary Aiken, a forensic cyber-psychologist who studies the impact of technology on human behavior, said she has "a major ethical problem with 3,000 young people coming out of college and being exposed to that extreme content and being used as human filters by any commercial entity." She said that the 3,000 moderators Facebook recently hired is not enough to appropriately screen billions of posts per day. – TELEGRAPH

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A Facebook post may cost an Illinois librarian her job. Lesley Williams questioned the Evanston Public Library's commitment to diversity. She posted: "Some organizations are true leaders in practicing equity and inclusion. And some prefer to post signs on their bulletin boards." She faces a termination hearing this week. "I was disappointed but not surprised," Williams said. "It's just really disappointing that the current administration and board seem to be so vindictive, to scapegoat and persecute someone for just trying to do their job." Williams and her supporters believe the library's director and some members of the board have been trying for years to oust her. – PATCH

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