SOCIAL
Op-Ed: Major lawsuit for Facebook includes billionaire, cryptocurrency, and money laundering

© AFP
This may well be one of the most interesting lawsuits ever faced by Facebook. Australian billionaire Andrew Forrest has filed a major complaint alleging that Facebook failed to take down his image on multiple advertisements promoting cryptocurrency investments.
This case includes just about everything notoriously affecting Facebook, in so many ways, including criminal allegations against Facebook:
- Unauthorized use of a personal image for promotional purposes.
- Possible breach of money laundering laws in relation to cryptocurrency promotions.
- These promotions are believed to be scams. Forrest claims that Facebook failed to “… prevent its systems to be used to commit crime”.
Forrest describes his action as a “world first” to protect the public from scammers. He’s probably right. This case contains a quite literal wealth of fundamental elements regarding social media advertising and scams.
Cryptocurrency scams aren’t exactly unknown online. The massive hype regarding Bitcoin has done a lot of damage worldwide, particularly to small investors.
Facebook, of course, is a natural venue for scams. Not so long ago Facebook was accused of allowing fake ads in its Marketplace section, yet another folksy unregulated tradition in online advertising.
(This is what happens when people become so infatuated with deregulation. Endless legal grey areas are created for no reason at all. Laws are left well behind legal realities. Add to this the myth that anything online is somehow immune to legal action, which nothing ever has been or will be, and this is the environment you get.)
The risk to the public is undeniable. The risk could be all the more serious in the social media environment, where user information could be accessed.
Forrest also has a very legitimate bone to pick with Facebook regarding the use of his image. He is a very high-profile businessman in Australia with an excellent reputation. In any kind of investment environment, he has major credentials. His obvious anger has plenty of basis in fact.
This use of his image is also a classic major privacy issue for a lot of people. Why is anyone’s image used without permission and payment in any commercial content? Your personal image is not somebody else’s property. Your image could be a personal security risk in some environments like political advertising or in relation to controversial issues.
Facebook, (which now apparently responds to the name Meta), was unable to comment on this lawsuit. The company said it was committed to protecting users and managing such ads, which violate their policies.
A major call for the courts
This court case has global ramifications. All the issues raised by Mr. Forrest are perfectly valid grounds for a lawsuit. They will also have direct applications in any court on Earth regarding a very wide range of illegal practices in online advertising. This case will effectively set a precedent in most English-speaking countries by virtue of their very similar laws.
From Facebook’s perspective, there is an interesting perspective. This court case, if successful, could be a very strong legal basis for Facebook to crack down on this type of advertising.
Frankly, it would probably be better for Facebook to let this case go through and simply not contest it. With an actual finding in place, the legal argument for Facebook in future cases would be irrefutable.
Source link
SOCIAL
Israeli president tells Musk he has ‘huge role’ in anti-Semitism

Elon Musk, the world’s richest person, said in video remaks that Hamas militants ‘have been fed propaganda’ – Copyright POOL/AFP Leon Neal
Israel’s president told Elon Musk on Monday that the tech mogul has “a huge role to play” to combat anti-Semitism, which his social media platform is accused of spreading.
The meeting came after the world’s richest person visited a kibbutz community devastated in attacks by Hamas militants on October 7, and met with Prime Minister Benjamin Netanyahu and defence officials.
Musk has been criticised over what critics say is a proliferation of hate speech on X, formerly Twitter, since his takeover of the social media site in October 2022.
He has been accused by the White House of “abhorrent promotion” of anti-Semitism after endorsing a conspiracy theory seen as accusing Jews of trying to weaken white majorities.
Israel’s figurehead President Isaac Herzog told him: “Unfortunately, we are inundated by anti-Semitism, which is Jew hatred.
“You have a huge role to play,” he said. “And I think we need to fight it together because on the platforms which you lead, unfortunately, there’s a harbouring of a lot of… anti-Semitism.”
Musk did not mention anti-Semitism in his video remarks released by Herzog’s office, but said Hamas militants “have been fed propaganda since they were children”.
“It’s remarkable what humans are capable of if they’re fed falsehoods, from when they are children; they will think that the murder of innocent people is a good thing.”
On October 7 Hamas militants broke through Gaza’s militarised border into southern Israel to kill around 1,200 people and seize about 240 hostages, according to Israeli officials, in the worst-ever attack since the nation’s founding.
Vowing to destroy Hamas in response, Israel has carried out a relentless bombardment of targets in Gaza, alongside a ground invasion, that the Hamas government says has killed almost 15,000.
A temporary truce has been in effect since Friday.
– Talk of satellites –
Earlier Monday, Netanyahu and Musk discussed “security aspects of artificial intelligence” with senior defence officials, the Prime Minister’s Office said.
Musk and Netanyahu held a conversation on X following their tour of Kfar Aza, one of the communities attacked by Hamas.
“We have to demilitarise Gaza after the destruction of Hamas,” Netanyahu said, calling for a campaign to “deradicalise” the Palestinian territory.
“Then we also have to rebuild Gaza, and I hope to have our Arab friends help in that context.”
Netanyahu told Musk he hoped to resume United States-mediated normalisation talks with Saudi Arabia after Hamas’s defeat and “expand the circle of peace beyond anything imaginable”.
The war stalled progress towards a Saudi-Israel normalisation deal, and in early November Saudi Arabia’s de facto ruler denounced the conduct of Israeli forces fighting Hamas in Gaza.
Israel’s Communications Minister Shlomo Karhi said his country had reached an understanding in principle on the use of Starlink satellites, operated by Musk’s company SpaceX, in Israel and the Gaza Strip “with the approval of the Israeli Ministry of Communications”.
Starlink is a network of satellites in low Earth orbit that can provide internet to remote locations, or areas that have had normal communications infrastructure disabled.
In September, Netanyahu urged Musk “to stop not only anti-Semitism, or rolling it back as best you can, but any collective hatred” on X.
Musk said at the time that while his platform could not stop all hate speech before it was posted, he was “generally against attacking any group, no matter who it is”.
X Corp is currently suing nonprofit Media Matters on the grounds that it has driven away advertisers by portraying the site as rife with anti-Semitic content.
Musk has also threatened to file suit against the Anti-Defamation League, a Jewish advocacy group, over its claims that problematic and racist speech has soared on the site since he completed his $44-billion takeover.
SOCIAL
Is this X’s (formerly Twitter) final goodbye to big advertisers? It looks like it

It looks like big advertisers are leaving X (formerly Twitter) for good and its owner Elon Musk couldn’t care less.
In the packed DealBook conference in New York on Wednesday, he bluntly told them to shove it.
This response came after another round of advertisers including IBM, Apple, CNN and Disney bailed on his social network after Musk seemingly supported an antisemitic conspiracy theory last month by responding to an X user’s post — a move he’s since admitted was silly and apologized for. Musk was less remorseful over the uproar caused among advertisers, telling the room: “This advertising boycott is going to kill the company… let’s see how Earth responds to that.”
For many large marketers, this marks the end of a drawn-out farewell (lasting a whopping 13 months) to advertising on X since Musk took over. Surprisingly, even some of X’s own staff members are now calling it quits. Freelance journalist Claire Atkinson reported a “wave of resignations” from CEO Linda Yaccarino’s sales team, including a few of the remaining ad executives who were there before she officially joined in June. Musk’s actions are essentially reversing any recent progress made in reviving X’s advertising business.
Lou Paskalis, CEO and founder of AJL Advisory confirmed that Musk’s comments were indeed another extra nail in the already well sealed coffin because it reaffirmed what most large advertisers already know — Musk resents having to be beholden to them.
“He is trying to position their legitimate brand suitability concerns, largely precipitated by his ongoing antics on X, as a vast, left-wing conspiracy among advertisers to ‘blackmail’ him into constraining his right to free speech,” Paskalis said. “As someone who spent over three decades in the ad buying business, it’s laughable to think that we could all act with that level of coordination, presumably in secret.”
This event highlights how out of touch Musk is with what keeps his company running. He takes an ad boycott as a personal insult when, truthfully, it’s just part and parcel of managing a platform these days. Look at how often YouTube and Meta have dealt with similar issues over the years. The difference? The bigwigs at those companies prioritized protecting their businesses, not their public personas, and were willing to make compromises to win back advertisers. Not that it took much to win back those ad dollars — advertisers rely on those platforms as much as the platforms rely on them.
“It’s just a very sensible decision not to continue advertising on that platform which poses such a strong brand safety risk,” said Ebiquity’s chief strategy officer Ruben Schreurs. “To do all this on stage is unheard of, I’ve never seen anything like it before.”
The largest advertisers seem to agree. Unlike their previous boycotts of advertising on X, this one is permanent for many of them. Some of the most active accounts like Disney, Paramount, Liongsate and Sony Pictures haven’t posted in nearly two weeks. This chimes with what one senior ad exec, who had been in touch with a number of X’s advertisers over the past year, told Digiday last month. Advertisers who had continued to spend on the platform only paid a fraction of what they used to prior to Musk, out of fear of getting called out by Musk if they didn’t.
“It’s easier to pull advertising than it is to return, and what makes the X ad boycott unique is that it isn’t primarily about content adjacency or moderation,” said Jasmine Enberg, principal analyst, social media at Insider Intelligence. “Advertisers are concerned about the reputational damage and the uncertainty of doing business with Musk, and yesterday’s comments will deepen the rift between them.”
An impossible job has now become even more challenging for Yaccarino. Ad dollars weren’t exactly flowing into the social network before Musk’s latest rant. X has averaged a 55% year-over-year revenue decline, according to Guideline. This figure increased to 61% YOY between May and August 2023 — despite Yaccarino joining the company during the summer.
“The hill she [Yaccarino] must climb to rekindle advertiser demand for the platform just went from steep to vertical,” said Paskalis. “I don’t know how anyone could overcome a direct verbal assault of the magnitude that Musk delivered at the DealBook conference against a customer base already alarmed by his previous rage inducing, divisive and dog whistle laden tweets. None of this will cause Linda to leave, in my opinion, as she sees quitting as failure and failure is not an option in her calculus, no matter what damage may be done to her reputation.”
X did not respond to Digiday’s request for comment.
SOCIAL
YouTube Adds New Analytics Cards, Simplifies its ‘Product Drops’ Feature

YouTube’s making some updates to its Product Drops feature within live streams, while it’s also adding some new analytics cards, and testing a new format for its TV app.
First off, on Product Drops. YouTube’s changing the requirements for Product Drops in live streams so that more creators will be able to include drops to highlight their items.
Up till now, Product Drops have only been available to creators who’ve connected their Shopify stores, or have access to Google Merchant Center, while creators have also had to plan Product Drops in advance, and schedule them via Live Control Room. But now, YouTube’s giving more creators more ways to access the feature.
As per YouTube:
“Any creators who have connected to their first party stores, or are participating in the YouTube Affiliate Program can set up Product Drops in the live control room on YouTube. This means that more creators will be able to use Product Drops to boost sales and engagement on their live streams.”
YouTube will also now enable creators to implement Product Drops at any time during a live stream, eliminating the pre-planned requirement.
“This will give creators more flexibility to react to the moment, and drive excitement in real time.”
YouTube says that many creators have seen good response to their Product Drops, with the interactive, engaging process helping to drive hype, and spark more response from viewers.
Product Drops are available via the Live Control Room in YouTube Studio. You can read more about how they work here.
YouTube’s also updating its Community Posts creation flow, in order to simplify the process, and ideally get more channels posting text-based updated in the app.
Community Posts remain a lesser element, though YouTube’s been working to make them a bigger focus throughout the year, by adding additional engagement elements like polls, quizzes, disappearing updates, and more.
Simplifying the creation process is another step in boosting awareness, and potentially driving more interaction with you YouTube audience.
YouTube’s also adding some new revenue analytics cards, including “Total Members” insights (which includes subscriber data) and “Where Members Joined From”, which will provide more insight into what’s driving channel growth.
YouTube’s also adding new data on why users have canceled their membership within the insights tab in YouTube Analytics.

As you can see in this example, the new card will show the reasons why people have opted to stop their subscription to your channel, based on responses provided in the cancellation flow.
Finally, YouTube’s also experimenting with a new format for its TV app, which will make it easier to access different elements.

As you can see in this example, shared by 9t05Google, the new format will include bigger buttons to access different elements, and further customize your YouTube experience on the bigger screen.
Connected TV is the fastest growing viewer segment for YouTube, with more and more people now looking to consume YouTube content on their home TV set. As such, it makes sense for YouTube to roll out more updates aligned with big screen viewing in order to feed into this usage.
Some handy updates, across various elements, which are worth noting as you go about managing your YouTube presence.
-
FACEBOOK6 days ago
Indian Government Warns Facebook, YouTube About Deepfakes, Misinformation Violations
-
MARKETING6 days ago
Whiteboard Friday Recap 2023: AI Edition
-
MARKETING7 days ago
Making the Most of Electronic Resumes (Pro Tips and Tricks)
-
SEARCHENGINES4 days ago
Google Merchant Center Automatically Creating Promotions
-
SEARCHENGINES6 days ago
No Estimate To Share For Completion Of Google November Core & Reviews Updates
-
SEO3 days ago
Google Discusses Fixing 404 Errors From Inbound Links
-
MARKETING5 days ago
3 Questions About AI in Content: What? So What? Now What?
-
SEARCHENGINES5 days ago
Google Bug Sends Notice To Some Advertisers That Their Ad Accounts Were Suspended
You must be logged in to post a comment Login