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Inside Facebook (Jun 6th, 2017)

$FB (12:30 p.m. EST): $154.15 (↑ .32%) // 90-day high: $154.18 // 90-day low: $137.03 // More info

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People in London used Facebook's safety check tool in the wake of the recent attacks. Seven people were killed and 48 people were injured when a van drove into crowds on the London Bridge and diners were stabbed at nearby restaurants on June 3. The U.S. Embassy tweeted to ask U.S. citizens in Great Britain to update their social media statuses, and included the safety check link. Not everyone used the tool for the intended purpose — there was some trolling of the community help section, but Facebook has a policy of flagging and removing such posts. — CNET

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Facebook and Twitter vowed to combat terrorist use of their networks in response to political criticism. The terror incidents in London on June 3 marked the third major militant attack in Britain in recent months, and Prime Minister Theresa May demanded that internet companies do more to regulate extreme ideological content. Facebook policy director Simon Milner said he wants "Facebook to be a hostile environment for terrorism," and Twitter's UK head of public policy Nick Pickles said "Terrorist content has no place on Twitter." May previously authored a bill that would call for more stringent regulation and data collection, but some analysts argue that encryption and the fine line between free speech and radicalized messages make such regulation challenging. — REUTERS

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Harvard withdrew its acceptance of at least ten incoming freshmen over offensive memes posted in a private Facebook group. The memes joked about sexual assault, the Holocaust, and child abuse, among other topics. The private group (called "Harvard Memes for Horny Bourgeois Teens,") was a spin-off of a group created by the school for newly admitted students. Facebook founder Mark Zuckerberg was a student at Harvard University before he dropped out to run the company, and he recently gave the commencement address at the university's graduation ceremonies and was awarded an honorary degree. — FORBES

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Facebook has launched new tools to celebrate LGBTQ Pride Month. Introducing rainbow emojis and pride-themed masks and frames, the company's vice president and executive sponsor of pride Alex Schulz said "Facebook is proud to support our diverse community, including those that have identified themselves on Facebook as gay, lesbian, bisexual, transgender or gender nonconforming." Schulz added that more than 12 million people worldwide are part of the 76,000 LGBTQ groups on Facebook, and a million and a half people plan to join in the 7,500 Pride events on the site. — MASHABLE

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Facebook's new feature allows you to find and contact elected representatives directly from posts. The feature is a part of the Town Hall tool that the company launched at the end of March to facilitate nonpartisan civic engagement. Town Hall was not the first political tool introduced by the company — Facebook established a ballot primer and a voter registration app in 2016 — but this new Town Hall feature offers a shortcut to let users add the contact information for government officials when they compose a post. — TECHCRUNCH

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Google, Apple, Microsoft, Amazon and Facebook took the top five spots on a global brands list. The annual Top 100 Most Valuable Global Brands rankings, created by WPP and Kantar Millward Brown, was dominated this year by tech companies. Google retained its spot at the top of the list, and Amazon climbed three places to emerge in the number four spot. Facebook was ranked fifth, showing 27 percent growth and a $129.8 billion value. China's tech giant Tencent hit the top ten (#8) for the first time. The rankings are generated using consumer interviews and analysis of financial and business performance, and this is the twelfth year they have been released. — CNBC

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