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Inside Facebook

Inside Facebook (Jun 9th, 2017)

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$FB (1 p.m. EDT): $152.54 ( ꜜ1.42%) // 90-day high: $154.71 // 90-day low: $138.24 // MORE INFO

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The data gathered from Facebook's safety checks will now aid disaster relief organizations. Information about where people are safe and where they are fleeing from during an emergency or disaster will be used to help relief organizations map and plan their efforts. The maps will be created using anonymized, aggregated data developed with input from UNICEF, the International Federation of the Red Cross and Red Crescent Societies, the World Food Programme, and others. Facebook's Safety Check tool has been activated hundreds of times, including during the recent London attacks.  — TECHCRUNCH

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Mark Zuckerberg's 10:1 voting power over shareholders now shuts down votes against his authority. The CEO only owns 14 percent of the stock in the company he founded, but when Facebook went public in 2012, the Class B shares held by insiders like Zuckerberg came with exponential power over the votes of other shareholders. In what Bloomberg deemed a "protest vote", eight in 10 shareholders tried and failed to undo the special class of stock. In a previous maneuver in 2016, Zuckerberg created a third type of stock (Class C) with no voting power, allowing him to maintain control over the company even while divesting his shares of stock to support philanthropy. The owner/founder announced in 2015, after his first child was born, that he would give away 99 percent of his shares in the company ($45 bn) but has still retained his authority over the company. — BARRON'S

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WhatsApp will reportedly move off IBM's public cloud to Facebook's in-house data centers. WhatsApp has 1.2 million global users, and after Facebook acquired the messenger service in 2014 for $19 billion, it continued to use IBM's data centers. IBM disputes the idea that WhatsApp is one of its five biggest clients, although Facebook reportedly has spent as much as $2 million a month on IBM's cloud service. Facebook previously moved its Instagram photo-sharing operation from Amazon's cloud service to the company's own data centers in a yearlong migration. Facebook started building its own data centers in 2010. — CNBC

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Facebook Live is adding new, third-party closed captioning. This will allow publishers to create and stream closed captions for their Live videos, making the content accessible to the more than 5 percent of the world's population who are deaf or hard of hearing. Facebook already offers closed captioning on regular videos and advertisements, but this new feature helps Live to meet the CEA-608 closed caption standard for broadcast media. — TECHCRUNCH

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Groups in Britain, Germany, and elsewhere are tracking and monitoring political ads and misinformation on Facebook and other social networks. One of the monitoring tools is WhoTargetsMe, which was used to tally political ads ahead of the British election. There was also an investigation launched by the Information Commissioner's Office to see whether companies like Cambridge Analytica, which is believed to have influenced the U.S. Presidential election and the Brexit vote, have misused or exploited personal data as they target political ads on Facebook. “Facebook has a responsibility to tell its users who is buying advertising that is targeting their votes,” said Nick Anstead, a media and communications expert at the London School of Economics.— NY TIMES

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A Thai man was sentenced to 35 years in jail for Facebook posts considered insulting to the royal family. Thailand's lèse majesté laws prohibit criticism of the monarchy, and since the military seized control of the government in a coup three years ago, the laws have been used to arrest and censor more than 100 people. This was not the first time Facebook posts landed a user in a Thai jail — in August 2015, a man was sentenced to 30 years in prison for insulting the monarchy on Facebook. — GUARDIAN

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