President Biden this month said companies like Facebook are “killing people” by allowing falsehoods about COVID vaccines to proliferate.įacebook hit back at Biden, saying “We will not be distracted by accusations which aren’t supported by the facts.” In a blog post, VP of integrity Guy Rosen pointed to the White House’s goal of 70% of Americans vaccinated by July 4 and wrote, “Facebook is not the reason this goal was missed.” Biden later walked back the comment, telling reporters that “Facebook isn’t killing people” but added that he wanted the social giant to step up its ability to block “outrageous misinformation” about vaccines on its platforms “instead of taking it personally that somehow I’m saying Facebook is killing people.” He noted that Facebook will not charge fees to use its content tools or take a revenue share from creators through 2023.Īt the same time, Facebook has recently become a bigger political target over the issue of misinformation on its platforms. To attract even more users and boost usage - and also as a counterweight to negative PR - Zuckerberg this month announced that Facebook would pay more than $1 billion to creators who use certain Facebook and Instagram features through the end of 2022. On the earnings call, Zuckerberg said video now accounts for almost half of all time spent on Facebook. “I’m excited to see our major initiatives around creators and community, commerce, and building the next computing platform coming together to start to bring the vision of the metaverse to life.” “We had a strong quarter as we continue to help businesses grow and people stay connected,” Facebook CEO Mark Zuckerberg said. Worldwide, average revenue per user increased 44% year over year, to $10.12. That said, Facebook’s average revenue per user in the region jumped 45%, from $36.49 in Q2 2020 to $53.01 in the most recent quarter. and Canada at 195 million, the same as the previous two quarters. Facebook says it anticipates the iOS privacy change to have a greater impact in Q3 than the second quarter.Īlso of concern for Facebook: DAUs for the flagship service remained flat in the U.S.
#Facebook warns staff growth to decelerate update
In addition, the company said it still expects increased “headwinds” with respect to ad targeting in 2021 from regulatory and platform changes, most notably Apple’s update with iOS 14.5 to require users to opt-in to allow ad tracking. However, in the second half of 2021, Facebook said, it expects year-over-year total revenue growth rates “to decelerate significantly on a sequential basis as we lap periods of increasingly strong growth” driven by the COVID pandemic.
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