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Meta (FB), Facebook’s parent company, reported revenue of $28.8 billion for the three months ending in June, a 1% drop from the prior-year quarter and its first year-over-year revenue decline since going public in 2012. The company’s profit fell far more sharply. Net income during the quarter declined 36% year-over-year to nearly $6.7 billion, a […]
What’s happening Meta, Facebook’s parent company, shared data for the first time about the number of times it’s applied its newsworthiness allowance. The company will sometimes leave up posts that could violate its rules, if it determines the posts are newsworthy. Why it matters How Facebook balances newsworthiness with public safety has been an important […]
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