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Twitter and Facebook wrestle with Trump telling Americans to vote twice

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President Trump’s recent suggestion that North Carolina voters should cast multiple ballots has run afoul of Twitter’s election integrity rules. In a series of tweets Thursday morning, the president elaborated on previous statements in which he encouraged Americans to vote twice to “check” vote-by-mail systems.

Trump made the initial comments in a local television interview Wednesday. “They will vote and then they are going to have to check their vote by going to the poll and voting that way because if it tabulates then they won’t be able to do that,” Trump said.

“So let them send it in, and let them go vote. And if the system is as good as they say it is, then they obviously won’t be able to vote.”

Twitter added a “public interest notice” to two tweets related to those comments Thursday, citing its rules around civic and election integrity. The tweets violated the rules “specifically for encouraging people to engage in a behavior that could undermine the integrity of their individual vote,” according to Twitter spokesperson Nick Pacilio. Twitter has limited the reach of those tweets and restricted its likes, replies and retweets without comment.

Trump’s latest attack on vote-by-mail also crossed a line for Facebook . The company will remove any video of Trump’s recent voting comments that are shared without context or those that support the president’s statements, though it has yet to identify any so far.

“This video violates our policies prohibiting voter fraud and we will remove it unless it is shared to correct the record,” Facebook Policy Communications Director Andy Stone said.

Facebook added its own fact-checking notice to the same statement that Twitter deemed in violation of that platform’s rules. Now, a label at the bottom of Trump’s Facebook post contradicts the president’s suggestion that Americans try to vote twice to make sure “the mail in system worked properly.”

The fact-checking label, which reads “Voting by mail has a long history of trustworthiness in the US and the same is predicted this year,” is more specific than the generic voting info label the platform attaches to other election-related content.

The president’s comments were his latest attempt to cast doubt on the vote-by-mail systems that the U.S. will rely on in November’s election. In recent months, Trump has made many unfounded or outright false claims criticizing the safety of mail-in voting, a system that the U.S. already relies on for absentee voting. As November gets closer, those claims have voting rights organizations concerned.

“While this is a step in the right direction, the fact remains that Facebook refuses to enforce its own Terms of Use where Donald Trump is concerned,” VoteAmerica founder Debra Cleaver said.

“Yesterday, Trump outright urged voters in North Carolina to commit voter fraud. This is part of a larger and dangerous pattern of Trump using social media and other platforms to distribute disinformation, with what appears to be the goal of undermining faith in US elections.”

While the COVID-19 crisis means that more Americans than ever will be using mail-in voting to cast a ballot, the voting method is widely regarded as safe and reliable by experts.

In response to Trump’s remarks, North Carolina’s Board of Elections issued a statement clarifying that voting twice is a Class I felony in the state.

“It is illegal to vote twice in an election,” said Karen Brinson Bell, executive director of the North Carolina State Board of Elections.

“… Attempting to vote twice in an election or soliciting someone to do so also is a violation of North Carolina law.”

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Stock spikes after better-than-expected revenue, buyback announcement

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Stock spikes after better-than-expected revenue, buyback announcement

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan.

Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg.

Q4 Revenue – $32.17 billion actual versus $31.65 billion expected

Advertising Revenue – $31.25 billion actual versus $30.86 billion expected

Adjusted Earnings Per Share (EPS) – $1.76 actual versus $2.26 expected

Facebook Daily Active Users (DAUs) – 2 billion actual versus 1.98 billion expected

Family of Apps Daily Active Users (DAUs) – 2.96 billion actual versus 2.92 billion expected

Reality Labs Operating Loss – -$4.28 billion actual versus -$3.99 billion expected

The company’s stock bumped about 14% in after-hours trading.

Good headline numbers aside, there’s a lot to question about Meta’s results today, as its metaverse division Reality Labs clocked a larger-than-expected loss of -$4.28 billion, more than $200 million more than Wall Street expected.

Perhaps more than surpassing revenue expectations, Meta has successfully cut costs.

“We anticipate our full-year 2023 total expenses will be in the range of $89-95 billion, lowered from our prior outlook of $94-$100 billion due to slower anticipated growth in payroll expenses and cost of revenue,” Meta CFO Susan Li said in a statement.

The company’s in hot pursuit of efficiency, and appears to have been ruthless in its cost-cutting efforts.

“We expect capital expenditures to be in the range of $30-33 billion, lowered from our prior estimate of $34-37 billion,” Li’s statement continues. “The reduced outlook reflects our updated plans for lower data center construction spend in 2023 as we shift to a new data center architecture that is more cost efficient and can support both AI and non-AI workloads.”

Meta’s buyback was a strong move, given that the company laid off 11,000 workers in November and more jobs are reportedly on the table even now. Moreover, the company’s C-suite re-shuffled substantially through last year, with longtime COO Sheryl Sandberg officially leaving the company in September.

Meta Platforms Chief Executive Mark Zuckerberg leaves federal court after attending the Facebook parent company’s defense of its acquisition of virtual reality app developer Within Inc., in San Jose, California, U.S. December 20, 2022. REUTERS/Laure Andrillon

Meta’s got a lot of moving parts

Still, on the face of it, these numbers offer up a better-than-expected close out to what’s been an exceptionally difficult year for Meta, which also owns Instagram and WhatsApp. In 2022, the company’s stock declined approximately 63%, as the company battled macroeconomic headwinds and a slow ad market.

All in all, it’s been a solid day for Meta, which reportedly won its case against the Federal Trade Commission (FTC) this morning, getting the green light to buy VR developer Within. Meta’s proposed acquisition of Within, which makes popular VR app Supernatural, has been in the works since October 2021. However, they’re not out of the woods yet. The FTC, going forward, could appeal and will likely continue to scrutinize Meta’s future deals under Chair Lina Khan.

Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agarfinks and on LinkedIn.

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FTC finds GoodRx shared sensitive health data with Facebook, Google

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FTC finds GoodRx shared sensitive health data with Facebook, Google

Illustration: Gabriella Turrisi/Axios

The FTC on Wednesday filed a court order against GoodRx for failing to notify users that it shared their personal, identifiable health data with Facebook and Google and said it would permanently ban the company from sharing such information for ads, should the court order be federally approved.

Why it matters: The court order is the first FTC action under the Health Breach Notification Rule, which requires companies to notify users when their health data is infringed upon, and includes several safeguards aimed at protecting consumer data.

  • “We’re making clear that apps violating this rule need to come clean with consumers when they share sensitive data improperly,” an FTC official said during a press briefing about the order.
  • The order must be approved by the federal court to go into effect.

Zoom in: The health data GoodRx shared with tech companies includes individually identifiable data on users’ prescription medications and health conditions. Per the complaint:

  • In August 2019, GoodRx compiled lists of users who’d purchased medications for heart disease and high blood pressure and uploaded their email addresses, phone numbers and mobile advertising IDs to Facebook so it could identify their profiles.
  • GoodRx then used that information to target users with relevant ads.

Details: The court order, filed by the Department of Justice on behalf of the FTC in California’s Northern District, found GoodRx shared data with companies including Facebook, Google, Criteo, Branch and Twilio. The order found GoodRx:

  • Monetized users’ personal health data to target them with health- and medication-specific ads on Facebook and Instagram.
  • Let third parties it shared data with use the information for research, development or advertising purposes without getting consent.
  • Misrepresented its HIPAA compliance, displaying a seal at the bottom of its telehealth site falsely suggesting it complied with the law.
  • Failed to maintain sufficient policies or procedures to protect its users’ personal health information.

State of play: GoodRx, which offers prescription discount coupons and telehealth services, lets users track their personal health data to save, track and get alerts about prescriptions, refills, pricing and medication purchase history.

  • Per the complaint, the company collects data from users themselves and from pharmacy benefit managers (PBMs) that confirm when someone buys a prescription drug using one of its coupons.
  • Since January 2017, more than 55 million consumers have visited or used GoodRx’s website or mobile apps, the complaint says.

What they’re saying: A spokesperson for GoodRx told Axios the company does not agree with the allegations, saying the order “focuses on an old issue that was proactively addressed almost three years ago.”

  • “We admit no wrongdoing,” the spokesperson said. “Entering into the settlement allows us to avoid the time and expense of protracted litigation.”

  • “Health data today isn’t just what your doctor keeps in a file behind a desk,” an FTC official said during the briefing. “And the way we’re enforcing this reflects that new reality.”
  • “We expect this to have a significant impact on the marketplace,” the official added.

Flashback: The FTC in 2021 issued a warning to health apps and others that collect or use consumers’ health information that they must comply with the Health Breach rule.

  • “We are now showing the market that we meant business when we issued that policy statement,” the FTC official said.

What’s next: In addition to charging GoodRx with a $1.5 million civil penalty and banning it from disclosing user health information for ads, the order requires that the company:

  • Direct third parties to delete the consumer health data shared with them and inform users about the breaches and the FTC’s enforcement action.
  • Get users’ consent before sharing health data with third parties for purposes other than ads and detail the types of health information it will disclose to those parties.
  • Limit how long it can retain personal health information.
  • Create a privacy program that includes safeguards to protect such data.

Of note: While the order only binds GoodRx, companies including Facebook who received the data “are on notice that they were in receipt of data that was illegally collected,” another FTC official said.

This story has been updated to include the company’s comment.

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Facebook and Google ad oligopoly is over, fund manager says

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Facebook and Google ad oligopoly is over, fund manager says

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Inge Heydorn, fund manager at GP Bullhound, discusses competition in the digital ad market, what investors will be looking for in Meta’s results, and why it’s “all about TikTok.”

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