Category Archives: Facebook

Australia’s gambling giants spent $240,000 on Facebook ads for US election bets

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Guessing the colour of Trump’s tie among bets promoted by TAB, Ladbrokes, Sportsbet and Neds in the week leading up to the election

Australia’s big online gambling operators poured at least $240,000 into Facebook ads promoting novelty bets on the US election last week, including whether Donald Trump’s speech would mention fraud or what colour his tie would be, just weeks before the government is expected to announce its long-awaited plans to restrict wagering ads.

Between 31 October and 6 November – the day of the US election in Australia – TAB, Ladbrokes, Sportsbet and Neds were the top four Facebook advertisers in the country on Meta’s ad library tool, spending a combined $229,789 on politics-related ads.

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Meta rides AI boom to stellar quarterly earnings, but slightly less than expected

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Company beats financial predictions but does not increase daily users as much as Wall Street thought it might

Meta’s blowout year continues after the company reported another stellar financial quarter on Wednesday. Shares fell in after-hours trading.

Wall Street analysts had high expectations for the Instagram and WhatsApp parent company, projecting an 18% jump in sales year over year. The company reported $40.6bn in sales, a 19% increase year over year that outpaced investor expectations of $40.19bn. Meta, which saw a 25% jump in its share price over the past two months, reported $6.03 in earnings per share (EPS), surpassing Wall Street’s expectations of an EPS of $5.29.

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Labor concerned Meta may ‘sidestep obligations to pay for news’ as media bargaining code fight reignites

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Social media company tells parliamentary committee Facebook and Instagram bring value to news outlets

Social media company Meta has accused a federal parliamentary committee of ignoring “the realities of how our platforms work” and the value Facebook and Instagram bring to news outlets, as a fight reignites over the news media bargaining code and funding of media publishers.

The Albanese government has also given its strongest indication yet it will look to reshape the code or replace the framework entirely, voicing concern that Meta is trying to simply “sidestep obligations to pay for news”.

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Australian teens approaching age limit could be spared from social media ban, ACT leader says

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Exclusive: Andrew Barr says it ‘doesn’t make sense’ for existing users to be banned for a year or two before regaining access

It “doesn’t make sense” to remove existing teen users of social media from the platforms just a year or two before they regain access, Andrew Barr says.

The ACT chief minister’s comments point to the possibility that existing users could be grandfathered by the proposed social media ban so that they keep their accounts or are temporarily moved on to teen-friendly versions, such as that recently introduced for Instagram by Meta.

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Parents ‘don’t use’ parental controls on Facebook and Instagram, says Nick Clegg

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Meta’s global affairs chief points to ‘behavioural issue’ around child safety tools on the social media platforms

Parents do not use parental controls on Facebook and Instagram, according to Meta’s Nick Clegg, with adults failing to embrace the 50 child safety tools the company has introduced in recent years.

Meta’s global affairs chief said there was a “behavioural issue” around using the tools, after admitting they were being ignored by parents. Regulatory pressure is building on tech companies to protect children from harmful content, with the Australian government announcing plans this week to ban younger teenagers from accessing social media.

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US gambling sector’s ‘relentless’ social media posts breached own rules, study claims

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Exclusive: University of Bristol academics say gambling industry code ‘not being followed’ after analysis of social media posts by leading firms

As gambling companies target social media users, the four leading online brands appear to be routinely breaching the industry’s self-imposed marketing regulations, according to a new study.

Over one week this summer, academics at the University of Bristol found that BetMGM, DraftKings, ESPN Bet and FanDuel published more than a thousand posts – 75% of their non-sponsored content on Facebook, Instagram, X and TikTok – that did not include problem gambling support messages or a helpline number.

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Man charged in Pakistan for alleged role in spreading false claims before UK riots

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Web developer in Lahore charged with cyberterrorism, after riots thought to have been fuelled by false reports online

Police in Pakistan have charged a man with cyberterrorism for his alleged role in spreading misinformation thought to have led to widespread rioting in the UK, a senior investigator has said.

The suspect was identified as Farhan Asif, 32, a freelance web developer, said Imran Kishwar, the deputy inspector general of investigations in Lahore.

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Asic taking down average of 20 scam websites a day

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Crypto scams accounted for 615 takedowns, the regulator says, as total number exceeds 7,300 in 12 months

More than 7,300 websites have been taken down in the first year of operation of the Australian Securities and Investment Commission’s service targeting investment scams, the regulator has revealed.

Since the beginning of the program in July 2023, Asic said it had shut down thousands of scam websites that offer fake investment trading platforms and cryptocurrency investments that are often spread online through social media containing false celebrity endorsements.

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Strong earnings report pushes Meta shares up amid heavy AI spending

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Stock price grew around 5%, which revealed the company outperformed analysts’ expectations for its second quarter

Meta’s shares rose in after-hours trading on Wednesday off the back of a strong earnings report that comes as the company is spending heavily on AI tools.

The company’s stock price grew around 5% following the report, which revealed the company outperformed analysts’ expectations for its second quarter.

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Meta lifts restrictions on Trump’s Facebook and Instagram accounts

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‘Guardrails’ that previously existed removed as Meta says voters should be able to hear from presidential nominees

Meta has removed previous restrictions on the Facebook and Instagram accounts of Donald Trump as the 2024 election nears, the company announced on Friday.

Trump was allowed to return to the social networks in 2023 with “guardrails” in place, after being banned over his online behavior during the 6 January insurrection. Those guardrails have now been removed.

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Meta expands hate speech policy to remove more posts targeting ‘Zionists’

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Meta says it would remove content ‘attacking “Zionists” when it is not explicitly about the political movement’

Meta Platforms said on Tuesday it would start taking down more posts that target “Zionists” when the term is used to refer to Jewish people and Israelis rather than representing supporters of the political movement.

The Facebook and Instagram parent said in a blog post it would remove content “attacking ‘Zionists’ when it is not explicitly about the political movement” and uses antisemitic stereotypes or threatens harm through intimidation or violence directed against Jews or Israelis.

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Australian mining magnate Andrew Forrest can sue Meta over Facebook scam ads, US court rules

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The Australian mining magnate can try to prove that Meta was negligent in allowing scam ads on Facebook, judge says

A US judge has rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that use his likeness to promote fake cryptocurrency and other fraudulent investments.

In a decision on Monday, US district judge Casey Pitts in San Jose, California, said Forrest could try to prove that Meta’s negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.

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Peter Dutton wants a social media ban for children. But would ‘real life’ rules work?

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The opposition leader’s announcement that age-verification would be a Coalition government priority is a big promise that technology may not be able to fulfil

Both the federal government and opposition say they are on board with the idea to ban teens under 16 from using social media, but the prime minister set an important qualifier on Thursday when he said he would support such a ban “if it can be effective”.

Guardian Essential poll last week found two-thirds of voters were in favour of raising the age teens can access social media from the 13 that the companies have set themselves up to 16.

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Deepfakes of Australian politicians including Penny Wong and Katy Gallagher used in investment scams

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Exclusive: AI-generated footage of former PM Scott Morrison also used in more than a dozen Facebook ads that reached thousands of Australians

Images of the finance minister, Katy Gallagher, and the foreign minister, Penny Wong, have been used in deepfake investment scam videos in the latest examples of a concerning trend of politicians being used in online fraud.

The Nationals senator Bridget McKenzie and the former prime minister Scott Morrison have also had their faces used in scams through Facebook videos that appear to be generated by AI, with more than a dozen examples this week of paid ads reaching thousands of Australians before being removed.

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Labour is already dominating the online general election campaign | Matthew McGregor

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Starmer’s party was quicker out of the digital gate, with slicker, more engaging content than the Tory offering

The video opens with an old clip of Cilla Black singing her classic ‘Surprise, Surprise!’. The caption reads “POV: Rishi Sunak turns up at your 18th birthday to send you to war.”

This appeared on Labour’s TikTok account the day after the Conservatives launched their national service policy. It fitted perfectly with TikTok’s meme-heavy, wry and sarcastic culture and has been watched 4.5 million times. The video racked up almost 700,000 likes, more than double the likes on all the Tories’ TikToks put together.

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‘News on Facebook is dead’: memes replace Australian media posts as Meta turns off the tap

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Analysis of Facebook data finds engagement with news is at an all-time low – due at least in part to changes to Meta’s algorithms

Meta has refused to enter into new deals with Australian media publishers for the use of their content on Facebook, leading to fears it may again implement a ban on news content appearing on the platform. But an analysis of Facebook data suggests engagement with posts from news organisations is already at an all-time low, as memes fill the space.

Meta has argued that news makes up just 3% of what people engage with on its services.

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Albanese government could require Meta to carry news on Facebook

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Communications minister Michelle Rowland won’t rule out strengthening the news media bargaining code to compel platforms to make news available

The federal government is not ruling out requiring tech giant Meta to carry news on its social media platforms as well as pay for it, as Labor considers whether to activate and toughen the still-dormant news media bargaining code.

The communications minister, Michelle Rowland, told Guardian Australia the government would consider possible changes to its code upon completion of a review into the role the tech platforms play in the news market in Australia.

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Fears of Putin swinging elections behind EU’s Meta crackdown

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Action against Facebook owner comes amid concerns about how it is dealing with fake news

Fears that Vladimir Putin is trying to fill the European parliament with more pro-Russia MEPs were behind the EU’s blunt message to the Silicon Valley owner of Facebook on Tuesday.

It gave Meta just five days to explain how it will root out fake news, fake websites and stop adverts funded by the Kremlin or face severe measures.

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EU to investigate Meta over election misinformation before June polls

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Brussels to act later this week against Facebook and Instagram owner over policies on deceptive advertising and political content, reports say

The EU is set to launch formal proceedings against Meta, the owner of Facebook and Instagram, amid concerns it is not doing enough to counter Russian disinformation before the EU elections in June, according to reports.

It is also expected to express concerns about the lack of effective monitoring of election content and a potentially inadequate mechanism for flagging illegal content.

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Tory staff running network of anti-Ulez Facebook groups riddled with racism and abuse

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Investigation finds groups hosting Islamophobic attacks on London mayor Sadiq Khan, white supremacist slogans and antisemitic conspiracy theories

Conservative party staff and activists are secretly operating a network of Facebook groups that have become a hotbed of racism, misinformation and support for criminal damage.

An investigation has identified 36 groups that appear to be separate grassroots movements opposing the expansion of ultra-low emission zone (Ulez) schemes to reduce air pollution. They do not say they were set up by the Conservatives as part of a coordinated political campaign.

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