Daily Archives: May 6, 2020

Facebook removed a small cluster of groups and pages promoting the QAnon conspiracy in April, calling it part of a coordinated inauthentic behavior campaign around the 2020 US elections. It appears to be one of Facebooks first announcements about cracking down on QAnon-related content, and it suggests Facebook views at least a few corners of QAnon as deliberate manipulation not just false information.

QAnon is an expansive conspiracy theory that claims President Donald Trump is secretly planning to arrest high-profile Democratic politicians and celebrities for pedophilia or cannibalism. It originated on an independent message board but has found a home on Facebook, which still hosts a wide range of QAnon-related pages. According to a new report from Facebook, though, the company took down five pages, 20 accounts, and six groups linked to individuals associated with the QAnon network known to spread fringe conspiracy theories.

Facebook says it found the pages while investigating its platform ahead of the election. Coordinated inauthentic behavior refers to pages and accounts that mislead people about their identity and intentions, whether or not the information they spread is accurate. While the most famous examples involve foreign interference from countries like Russia, the QAnon pages are described as part of a domestic, non-governmental effort.

QAnon has gained some popularity among Trumps admirers. The presidents new choice for intelligence chief apparently follows accounts that promote the theory on Twitter, and Trump himself has retweeted messages from QAnon-supporting Twitter users. But several members have also apparently committed crimes while investigating the theory, including an accused murderer who claims to have been radicalized by QAnon and a woman who was recently arrested carrying more than a dozen illegal knives.

Facebook has seemingly become more comfortable removing misinformation since the coronavirus pandemic, but it doesnt appear to have a stance against authentic QAnon believers. That puts it at odds with at least one other social network: Reddit, which banned major QAnon subreddits for inciting harassment and posting personal information.

Besides the QAnon pages, Facebook also removed another small US-based network linked to anti-immigrant group VDARE, along with a much larger number of pages and accounts linked to unrelated organizations in Russia, Iran, and Georgia. It touted its efforts as the work of a cross-disciplinary team built to disrupt sophisticated influence operations aimed to manipulate public debate, but also simpler tactics like spam and fake engagement.

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Facebook removes QAnon fringe conspiracy groups ahead of 2020 election - The Verge

We have been telling our readers not to invest in the S&P 500 ETFs and instead invest in the top 5, top 10, or top 20 hedge fund stocks because these large-cap stocks historically outperformed index funds. Warren Buffett doesn't like hedge funds because of their high fees and recommends index funds. However, investors don't have to pay hedge funds anything to invest in their top 10 stock picks. Let's take a look at how our approach fared recently.

In 2019, the top 10 hedge fund stocks returned 41.4% and beat the S&P 500 Index funds by 10.1 percentage points. You could have been 10% richer if you had followed our recommendation in 2019. Things didn't change much in 2020. The top 10 hedge fund stocks returned 1% in 2020 (through May 1st) and beat the S&P 500 Index funds by an additional 12.9 percentage points. If you had been listening to our advice, you wouldn't have noticed the effects of the coronavirus crash in your portfolio at all. Also, you would have been 12.9% richer.

Bill Miller of Miller Value Partners

Facebook Inc (NASDAQ:FB) is one of the top 10 stocks among hedge funds. Actually Facebook ranked #1 for most of 2019 until it settled at #2 at the end of December. Facebook shares also returned more than 2% this year, so, we really like Facebook. However, when we read legendary value investor Bill Miller's 2020 Q1 investor letter, his reasoning made perfect sense. In the following video you can watch why Bill Miller thinks it doesn't make sense today to invest in Facebook Inc (NASDAQ:FB)and 6 other recession stocks that performed well so far this year.

Bill Miller is no ordinary investor. His hedge fund returned 120% in 2019. Bill Miller came to fame for beating the S&P 500 Index for 15 straight years when he was at Legg Mason.

Disclosure: No positions in Facebook Inc (NASDAQ:FB). This article is originally published at Insider Monkey.

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Here is Why You Should Sell Facebook Inc (FB) Today - Yahoo Finance

Facebook is jumping into the video chat game with Messenger Rooms, a new feature that allows up to 50 people to take part in a video chat, even if they don't have Facebook accounts. The social media giant hopes to tap into the explosive success seen by video communications app Zoom, which has been used by millions all over the world as coronavirus lockdowns have pushed work, school and social lives into the digital sphere.

Zoom, which has seen a meteoric rise in users since the coronavirus pandemic began, has been plagued byreports of hackers disrupting meetings and classes, sometimes shouting racial slurs and displaying pornographic images.

Zoom founder and CEO Eric Yuan said the oversight was in part the result of their lack of preparedness for such a huge influx of new users, and hecalled that a "mistake" during an April 2 appearance on "CBS This Morning." The company said it was taking steps to improve security for its users.

Stan Chudnovsky, head of Facebook Messenger, told CBSN anchors Vladimir Duthiers and Anne-Marie Green that Messenger Rooms would not have such issues when it's rolled out in the U.S., despite a lack of end-to-end encryption.

"We are definitely very secure and encrypted, from the client to the server and from the server to another client," he said.

What that means, he explained, was that the new app is "not accessible by hackers any more than it can be accessed by anybody else when you are using your email" because joining a conference requires the user to be emailed a link.

The way Messenger Rooms is set up, a user emails a link to up to 50 people. If a member does not have an account, they are taken to a browser window where they are prompted to enter their first name before continuing on to the video chat.

The name, Chudnovsky said, is only required so the users can keep track of participants.

He said Facebook was "uniquely positioned" to provide communications services that connect people online, and that video calling has been a part of Facebook's products for years.

Naturally, with Facebook's well-documented history of privacy issues, questions may arise over the privacy of Messenger Rooms users, particularly those without Facebook accounts.

"It actually doesn't give us data that actually we wouldn't have had before," Chudnovsky said. "And we are most definitely not listening or watching anything that's happening over there."

He said the company would not be harvesting any specific information outside of what it is already known to collect in regular operations and Messenger video calls.

"Whatever happens in your living room needs to stay in your living room," he said.

Chudnovsky compared using Messenger Rooms to a "normal video call," with the content of the call staying between the user and whoever they are speaking to.

"That's one of the reasons why we though the name 'Rooms' is perfect, because you're there with your friends and with your loved ones, with people you are close to," he said. "And when you're there, whatever has been said, it's been said between you and the people that you care about and it should stay between you and people you care about."

From that standpoint, Chudnovsky said Facebook has "no access to whatever conversation you're having with your friends."

"And we are not using it in any way, shape or form to help any other parts of the businesses," he said.

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Facebook is jumping on Zoom's video chat surge with Messenger Rooms, promises it's "secure and encrypted" - CBS News

Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub to allow people to support local businesses, blood banks, nonprofits and more.

As part of Facebooks efforts with Giving Tuesday, it will roll out these new additions on May 5th, it says.

Typically, the Giving Tuesday charitable giving event is held on the Tuesday after Thanksgiving in the U.S. after Black Friday and Cyber Monday sales wrap. But in response to the unprecedented need caused by the pandemic, Giving Tuesday announced an emergency day of giving, called Giving Tuesday Now.

This new event happens tomorrow, May 5th, and already has a number of partners and supporters, including Facebook, as well as PayPal, Americas Food Fund, Ford, Bill & Melinda Gates Foundation, CDC Foundation, LinkedIn, United Way, GoFundMe and many others.

Starting tomorrow, Facebook users will be able to go to Community Help at facebook.com/covidsupport in order to buy gift cards to local businesses, sign up to donate to local nonprofits and fundraisers, sign up to be a donor at local blood banks and find local job opportunities.

In some cases, Facebook already built the technology and formed partnerships needed to launch these features. For example, Facebook began its work to connect Facebook users with blood banks back in 2017, then expanded the blood donations feature to the U.S. last June.

It also offers a fundraising platform of its own and announced last month it was working on tools that would allow businesses to offer gift cards to their customers via its platform. It has been working on its jobs portal since 2018, too.

On Tuesday, these efforts are being centralized in the Community Help hub, which will give them increased visibility.

Facebook is not the only platform helping local businesses and nonprofits by rolling out new features.

Neighborhood social network Nextdoor also recently launched tools to allow businesses to promote their fundraisers and gift cards; Yelp just added a way for businesses to promote their virtual services; and Instagram has introduced a range of tools for businesses, including those for connecting customers to Facebooks gift cards or stickers for food ordering and more.

The revamped Community Help section is live, while the social media campaign about it is live tomorrow, May 5, 2020.

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Facebook to add gift cards, jobs and donation tools to its COVID-19 Community Help hub - TechCrunch

Washington residents are invited to participate in aFacebook Live event on Thursday, May 7, at 10 a.m.to hear how Jackson Maynard plans to help guide Washingtons 10th Congressional District out of the COVID-19 crisis and into economic recovery.

The event will feature Maynard, a Republican from Olympia, outlining the issues he sees as vital to returning the district to its pre-pandemic prosperity. The three points of Maynards plan are:

Maynard will then spend time answering questions and listening to comments and concerns.

Attendees can visitwww.facebook.com/MaynardforCongress/live/a few minutes prior to 10 a.m. on Thursday, May 7, to participate.

Jackson Maynard is the General Counsel for the Building Industry Association of Washington. During his 19 years as a practicing attorney, he kept the community safe as a prosecutor, worked as a construction lawyer for a state transportation agency and advised the Washington State Senate as a staff counsel. With his wife, Heidi, he has raised three daughters who attend public school in Olympia.

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Jackson Maynard to announce congressional candidacy during Facebook Live event Thursday - The Suburban Times

Facebook has long made important decisions about what content to remove or leave up on its platform. But new challenges brought by fake news, election tampering or even the persecution of targeted populations showed that the stakes had changed. With those changes came the need for new oversight measures that evaluated content and ensured decisions could be fair, transparent and maintain user trust in the long term.

Facebooks new Oversight Board, launched today, was created to address these challenges. The Oversight Board is an independent body which will sit entirely outside the control or influence of Facebook, and is charged with reviewing the most contentious content posted to the platform, and issuing final, transparent, unappealable decisions.

Whether the Oversight Board succeeds in achieving widespread acceptance will ultimately depend on how it lives up to its mandate. However, the process of creating and launching the Oversight Board contains lessons for any technology company considering how to design solutions that can effectively address emerging governance needs.

Getting started: Collecting global feedback

Facebook collected guidance from a range of stakeholders regarding the design and formation of the Oversight Board, including our firm Baker McKenzie. Given Facebooks objective of forming a private sector entity with the credibility and institutional legitimacy of a global public institution, we proposed that the social media firm model its public outreach according to the standards and best practices of any public consultation undertaken by a public entity:

The resulting public consultation solicited input from thought leaders around the world, as well as the public, on key questions pertaining to the structure, governance, and member composition of this independent content mediation body. Online and in-person consultations undertaken through the first half of 2019 collected input from more than 2,000 people from more than 85 countries.

Conducting public outreach in accordance with these standards ensures transparency in public discourse a critical process step for any technology company seeking to establish institutional legitimacy in a governance initiative.

Designing the boards structure

Arguably the two most important questions for any governance initiative are who will make the decisions, and with what degree of independence? It was therefore not surprising that in the feedback from the public consultation, two key themes emerged: the Oversight Board needed to exercise independent judgment, and it needed to be diverse.

An overwhelming majority of feedback from the consultations expressed support for an Oversight Board with the power to exercise independent judgment that is to say, judgment not influenced by Facebook, governments, or third parties. The Oversight Boards ability to exercise independent judgment was broadly seen as critical to ensuring both its efficacy and legitimacy.

To this end, Facebook asked us to establish the Oversight Board Trust, a Delaware Non-Charitable Purpose Trust and the Oversight Board LLC, a Delaware limited liability company, which will oversee Facebooks funding for the board, run its operations, employ staff and hold contracts with members all completely separate from Facebook. The trust will ensure the boards funding, and the LLC will administer the Oversight Boards payroll and accounting, ensure tax compliance and review the Oversight Boards annual budget. Through the trust and LLC, the Oversight Board will have its own staff, independent from Facebook.

The use of a non-charitable purpose trust and limited liability company as a combined vehicle to preserve the independent judgment was a novel mechanism developed for the challenges of this particular governance initiative, but a mechanism that may serve as a model for other contexts as well. In fact, Facebook designed the trust so that other companies and institutions could contribute to the trust, and work with the Oversight Board, in the future.

The World Economic Forum was the first to draw the worlds attention to the Fourth Industrial Revolution, the current period of unprecedented change driven by rapid technological advances. Policies, norms and regulations have not been able to keep up with the pace of innovation, creating a growing need to fill this gap.

The Forum established the Centre for the Fourth Industrial Revolution Network in 2017 to ensure that new and emerging technologies will helpnot harmhumanity in the future. Headquartered in San Francisco, the network launched centres in China, India and Japan in 2018 and is rapidly establishing locally-run Affiliate Centres in many countries around the world.

The global network is working closely with partners from government, business, academia and civil society to co-design and pilot agile frameworks for governing new and emerging technologies, including artificial intelligence (AI), autonomous vehicles, blockchain, data policy, digital trade, drones, internet of things (IoT), precision medicine and environmental innovations.

Learn more about the groundbreaking work that the Centre for the Fourth Industrial Revolution Network is doing to prepare us for the future.

Want to help us shape the Fourth Industrial Revolution? Contact us to find out how you can become a member or partner.

Feedback collected also indicated the need for an Oversight Board that reflects the diversity of the social media platform's global users.

Facebook agreed, and set about achieving that diversity by identifying Board members who are experts hailing from different backgrounds and disciplines, with a range of different viewpoints, but all of whom could act in the interest of a global community. Even if perfect diversity is hard to come by in any group that is also a working body, an Oversight Board that is diverse in the broadest sense - with respect to perspective, background, cultural and linguistic knowledge, professional experience, age, race and gender, to name a few - will be optimally prepared to consider how to guide the social media platform to better, more transparent decisions.

To help ensure the consideration of any interested candidate, we opened a recommendations portal to allow anyone to put forward a qualified candidate as a member of the Oversight Board. The portal has allowed for the identification of experts in both the private and public sectors, including experts in freedom of expression, technology and democracy, the rule of law, journalism, child safety, civil rights and human rights protection, among others.

Positioning governance initiatives for success

Facebooks board has yet to begin hearing cases. Still, even those most critical of the company's content moderation policies and practices should have cause to hope that the Oversight Board is a step toward stronger governance, accountability and oversight to Facebook's existing processes.

All companies face their own unique governance challenges. To overcome such challenges, it may be necessary to voluntarily devolve or share power. In such circumstances, the lessons from the Oversight Board formation are instructive: consult widely, with stakeholders and the public, and prioritize the structure of governance. In so doing, it is possible to impart power and responsibility, while ensuring the quality, transparency and accountability of the process is preserved.

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World Economic Forum articles may be republished in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

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Key lessons from the creation of Facebook's new Oversight Board - World Economic Forum

In two weeks, Idahoans will vote on party nominees for offices ranging from county commissioner and sheriff to U.S. Senate.

Coronavirus has changed the way people will vote, with this year's primary being conducted entirely by mail and May 19 designated as the last day to request an absentee ballot. And it has changed the way candidates campaign, too. Social distancing means no town hall meetings, in-person debates or candidates going from door-to-door asking for votes.

"I think all the candidates are probably struggling a little bit," said Dave Radford, who is challenging Rep. Chad Christensen, R-Ammon, for the Republican nomination for the District 32B House seat. "I think it's just an important thing for people to be careful about their health."

Christensen, who credits his upset win over a longtime incumbent in the 2018 Republican primary to the shoe-leather-heavy campaign he ran, similarly said he is relying on Facebook and the mail to get his message out.

Although there haven't been as many candidate forums or debates as usual, the City Club of Idaho Falls has hosted debates in several contested local legislative and county-level races, albeit without a live audience as the City Club would normally have at its luncheons. (The debates have been available for viewing online.) Other than that, with many traditional campaigning methods out of the question, candidates for local office have been relying on social media and mailers more so than in the past or using Zoom or Facebook Live to talk to voters.

"Probably the biggest winner out of this campaign is going to be the U.S. Postal Service," said Adam Frugoli, one of the candidates for the Republican nomination for the District 30 Senate seat.

A couple of candidates mentioned that they started to campaign before coronavirus changed the rhythms of life, giving them a jump on getting their message out to voters. Marco Erickson, who is running against Rep. Bryan Zollinger, R-Idaho Falls, for the Republican nomination for the 33B House seat, announced his candidacy in early March and said he was able to get a head start on meeting with small groups of voters, who would then spread the word to others.

"Those meetings early on were an hour long, five, six, seven people," he said.

One Idaho Falls-area electoral tradition that won't be happening this election cycle at least are the debates organized by government students at Compass Academy. Erickson said he was looking forward to taking part in those.

"It's sad that we didn't get to do that," he said.

Reporter Nathan Brown can be reached at 208-542-6757. Follow him on Twitter: @NateBrownNews.

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Facebook and mailers: Campaigning in the time of coronavirus - Post Register

Updated: May 25, 2018:

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Ninth Circuit Revives Claims Alleging that Facebook Violated Users Privacy - JD Supra