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Democratic senators say they don't trust Facebook with digital currency and urge the company to stop Novi launch

STR/NurPhoto via Getty Images Democratic senators on Tuesday called on Facebook to stop the launch of Novi, its new crypto wallet. Novi was launched earlier in the day for users in the US and Guatemala. "Facebook cannot be trusted to manage a payment system or digital currency," the senators said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Democratic senators on Tuesday called on Facebook founder and CEO Mark Zuckerberg to stop the launch of its new cryptocu...
Tags: Facebook, Mark Zuckerberg, Instagram, Congress, US, Trends, David Marcus, Guatemala, Zuckerberg, House Financial Services Committee, Sherrod Brown, Brian Schatz, USDP, Getty Images Democratic, Isabelle Lee, Diem

Instagram isn't just hurting teenage girls - I'm an adult that deleted Instagram. Here's what I learned from my digital detox.

"To get by, I'd remind myself how terrible coming out of a Reels binge felt - the headaches, the frustration when I finally looked up at the clock." Mikael Vaisanen/Getty Images Apps like Instagram can be just as harmful to older users as experts argue they are to teens. I quit the app cold-turkey several months ago after becoming addicted to Reels, its short-form videos. The detox made me feel lighter and more in control. I don't plan on going back anytime soon. Earlier this month...
Tags: Amazon, Facebook, Instagram, Congress, Trends, Italy, Vine, Nordic, Dua Lipa, Tech Insider, Personal Essay, Reels, Social Media Detox, Alyse Kalish, Mikael Vaisanen Getty, Contributor 2021

Instagram isn't just hurting teenage girls - I'm an adult who deleted Instagram. Here's what I learned from my digital detox.

"To get by, I'd remind myself how terrible coming out of a Reels binge felt - the headaches, the frustration when I finally looked up at the clock." Mikael Vaisanen/Getty Images Apps like Instagram can be just as harmful to older users as experts argue they are to teens. I quit the app cold-turkey several months ago after becoming addicted to Reels, its short-form videos. The detox made me feel lighter and more in control. I don't plan on going back anytime soon. Earlier this month...
Tags: Amazon, Facebook, Instagram, Congress, Trends, Italy, Vine, Nordic, Dua Lipa, Tech Insider, Personal Essay, Reels, Social Media Detox, Alyse Kalish, Mikael Vaisanen Getty, Contributor 2021

A group of nearly 50 nonprofits has launched a campaign to 'effectively end Facebook's current business model' in the wake of whistleblower testimony

AP Photo/Mark Lennihan A group of almost 50 nonprofits is trying to "stop Facebook" in the wake of multiple company crises. It wants a data privacy law "strong enough to effectively end Facebook's current business model." The effort was spurred by testimony from Facebook whistleblower Frances Haugen last week. Dozens of human rights organizations have started a campaign calling for action against Facebook following a week of turmoil for the tech giant. The coalition of nearly 50 nonpr...
Tags: Facebook, Instagram, Congress, Youtube, Senate, Trends, Wall Street Journal, Federal Trade Commission, Facebook Instagram, PEN America, Mark Lennihan, Tech Insider, Sarah Jackson, Haugen, Facebook Whistleblower, Frances Haugen

10 things in tech you need to know today

Blue Origin Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. ​​Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's get started.1. Blue Origin is sending William Shatner to space today. Barring any further delays, the 90-year-old actor will head to the edge of space on Blue Origin's second civilian flight. You can watch his 11-minute journey, starting at 9:30 a.m. ET, here.2. A former Apple ...
Tags: Apple, Google, Amazon, Facebook, Instagram, Microsoft, Congress, US, Newsletter, Trends, Tech, Cnn, Tim Cook, William Shatner, Nlrb, Blue Origin

Facebook stock is testing a key 200-day support level after whistleblower allegations help spark 17% sell-off

Facebook CEO Mark Zuckerberg (left) and former Facebook employee Frances Haugen. Matt McClain-Pool/Getty Images/Andrew Harnik/AP Facebook stock fell more than 2% on Tuesday, testing its key 200-day moving average as support.The social media company has fallen 17% from its record high reached on September 1.The decline in shares of Facebook was accelerated by the allegations from a whistleblower.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Facebook stock fell more...
Tags: Apple, Facebook, Mark Zuckerberg, Instagram, Congress, Trends, Markets, Stock Market, Technical Analysis, Andrew Harnik, Matthew Fox, AP Facebook, Haugen, Facebook Stock, Mover, Facebook Stock Price

Facebooks bad few weeks could leave it facing 2 threats even bigger than new laws, analyst says

Facebook CEO Mark Zuckerberg. Chip Somodevilla / Getty Images Facebook's brutal few weeks could lead to class action lawsuits and state attorneys general-led probes. Analyst Blair Levin of New Street Research said that is a greater threat than potential regulation. Litigation could force Facebook to share documents, which could include "problematic evidence." Facebook has had a brutal few weeks, and lawmakers now have increasingly more fodder to finally reign in Big Tech.But the social...
Tags: Facebook, Mark Zuckerberg, Politics, News, Instagram, Congress, Senate, Trends, Social Media, Wall Street Journal, Journal, Federal Trade Commission, Ftc, Zuckerberg, Tech Companies, Levin

A second Facebook whistleblower says she's willing to testify before Congress, and that she's shared documents with a US law agency

Facebook CEO Mark Zuckerberg. AP Photo/Mark Lennihan Former Facebook employee Sophie Zhang is willing to testify before Congress, she told CNN. Zhang said she'd shared documenation about "potential criminal violations" with a US law enforcement agency. Zhang publicly criticized Facebook in a 7,800-word memo after she was fired in 2020. Sophie Zhang, a former Facebook data scientist who went public with her criticisms of the company in September 2020, has told CNN she is willing to test...
Tags: Facebook, Mark Zuckerberg, News, Instagram, Congress, US, Trends, Cnn, Fbi, Whistleblower, Zhang, MIT Technology Review, Tech Insider, Haugen, Isobel Asher Hamilton, Sophie Zhang

Facebook exec Nick Clegg said he couldn't give a 'yes or no answer' on whether its algorithms boosted insurrection sentiments ahead of Jan. 6 riot

20 January 2020, Bavaria, Munich: Nick Clegg, Head of Policy at Facebook, speaks on stage during the DLD (Digital Life Design) innovation conference. Clegg has defended the decision to stick to advertising with political content, unlike Twitter and Google. Lino Mirgeler A Facebook executive told CNN he couldn't give "a yes or no answer" when asked whether its algorithms amplified pro-insurrection voices leading up to January 6. A Facebook whistleblower testified before Congress last we...
Tags: Facebook, Politics, Instagram, Congress, Senate, Trends, Cnn, Nick Clegg, Capitol, Congressional, Adam Schiff, Dana Bash, Clegg, Tech Insider, Bavaria Munich, Haugen

Facebook exec Nick Clegg called Big Tobacco comparisons 'extremely misleading' but said the company needs to be 'held to account' after whistleblower testimony

Facebook executive Nick Clegg defended Facebook amid mounting scrutiny during an appearance on ABC News' "This Week.". ABC News/This Week Facebook executive Nick Clegg on Sunday defended the company against comparisons to Big Tobacco. The social-media giant has been under intense scrutiny after a former employee publicly criticized the company. While he defended the company, Clegg admitted Facebook needed to be "held to account." Nick Clegg, who works as the vice president for global...
Tags: Facebook, Mark Zuckerberg, Politics, Instagram, Congress, Senate, Trends, Nick Clegg, Cbs, Silicon Valley, Richard Blumenthal, Yahoo News, Clegg, Big Tobacco, Big Tech, Tech Insider

Doomsday Machine Series Casts Claire Foy As Facebook COO Sheryl Sandberg

Facebook is a "Doomsday Machine." That's the angle in an upcoming TV series that has just cast Claire Foy as Facebook's chief operating officer, Sheryl Sandberg. You've seen her don a crown and get caught up in a spider's web; now she's been crowned COO and is coming to the world wide web.According to Variety, "Doomsday Machine" will "lift the veil on the relationship between Mark Zuckerberg and Sandberg and the obstacles Facebook has faced on its relentless quest for growth." It's an adaptation...
Tags: Facebook, Mark Zuckerberg, Television, Movies, News, Instagram, Congress, New York Times, Ayad Akhtar, David Fincher, Claire Foy, Social Network, Sheryl Sandberg, Zuckerberg, Sandberg, Foy

Facebook is a menace to children. Maybe Congress will finally take action.

Facebook has come under fire for it's research on how Facebook’s Instagram service harms young people Xinhua News Agency/Getty Images Whistleblower Frances Haugen testified to Congress that Facebook knew its products harm children. After the testimony calls for regulating the company are receiving bipartisan support. Tech Critic Noam Cohen writes that the hearings might finally force Washington to regulate Facebook. By Facebook's own count, its executives have testified before C...
Tags: Facebook, Instagram, Congress, Washington, US, Trends, Myanmar, Louisiana, Bill Cassidy, Wall Street Journal, Andrew Bosworth, Zuckerberg, Sen Richard Blumenthal D Conn, Bosworth, Blumenthal, Markey

"Facebook, whistleblower Frances Haugen says of her former employer, is this generation’s Big Tobacco, 'hooking kids' on its products and lying about its business practices...."

"'It’s just like cigarettes,' Haugen said this week in testimony before a Senate Commerce subcommittee. 'Teenagers don’t have good self-regulation. They say explicitly, "I feel bad when I use Instagram, and yet I can’t stop."'... Society doesn’t have an interest in keeping children away from these technologies entirely as it does with cigarettes; rather, there is a public interest in preventing predatory targeting of minors and a countervailing interest in protecting free expression and encourag...
Tags: Facebook, Instagram, Smoking, Law, Congress, Society, Addiction, Big Tobacco, Senate Commerce, James Hohmann, Ann Althouse, Analogies, Hohmann, Haugen, Frances Haugen

Where does Facebook go from here?

Let’s be really generous to Facebook and assume that 50% of what Frances Haugen just testified to before Congress was misconstrued in some way.Regardless, Facebook will argue their case (as they always do), deny everything (as they always do) and claim that no one really understands them (as they always do). Everyone will view whatever they say with extreme skepticism, and nothing will change.Maybe Facebook doesn’t care. Maybe the possibility of a repeal of their liability protection from...
Tags: Social, Facebook, Mark Zuckerberg, Europe, Instagram, Congress, California, Washington, China, Tech, United States, Facebook Instagram, CCPA, Instead Facebook, Haugen, Third Facebook

Teens really hate Facebook and Twitter

Twitter CEO Jack Dorsey REUTERS/Anushree Fadnav Twitter and Facebook are teenagers' least favorite social media platforms, a new survey found. Instagram and TikTok were their favorites, and 81% of respondents said they used the former. Teens are assets to social media companies as they seek to recruit more users. See more stories on Insider's business page. The youngsters have spoken, and their verdict? Twitter and Facebook are their least favorite social media platforms.Piper Sand...
Tags: Facebook, Twitter, News, Instagram, Congress, US, Trends, Strategy, Social Media, Jack Dorsey, Wall Street Journal, Tech Companies, Baby Boomers, Instagram Instagram, Facebook s Instagram, Tech Insider

Social media was once a neutral battleground. Now, both Republicans and Democrats have demonized them to drive political agendas.

Facebook, Google, Twitter, and others have become targets on Capitol Hill, with lawmakers using them to push their agendas. Google; Twitter; Instagram; Facebook; Samantha Lee/Insider Lawmakers have weaponized tech firms and their content moderation decisions to drive agendas. It's the culmination of a slew of factors, like the post-2016 techlash and the Trump administration. Experts say tech animosity has become "a core Republican tenet," and progressives want more rules. See more stor...
Tags: Google, Facebook, Mark Zuckerberg, Twitter, Politics, News, Instagram, Obama, Republicans, Congress, Washington, Senate, Elizabeth Warren, US, Barack Obama, Trends

How both Republicans and Democrats came to hate big tech

Facebook, Google, Twitter, and others have become targets on Capitol Hill, with lawmakers using them to push their agendas. Google; Twitter; Instagram; Facebook; Samantha Lee/Insider Lawmakers have weaponized tech firms and their content moderation decisions to drive agendas. It's the culmination of a slew of factors, like the post-2016 techlash and the Trump administration. Experts say tech animosity has become "a core Republican tenet," and progressives want more rules. See more stor...
Tags: Google, Facebook, Mark Zuckerberg, Twitter, Instagram, Obama, Congress, Washington, Senate, Elizabeth Warren, US, Barack Obama, Trends, Tech, Ted Cruz, Capitol Hill

Facebook is reportedly holding off on new product launches that could hurt its reputation after a brutal few weeks

Facebook CEO Mark Zuckerberg in New York City on Friday, Oct. 25, 2019. AP Photo/Mark Lennihan Facebook is holding off on some product launches to conduct "reputational reviews" first. The Wall Street Journal reports that the company wants to examine if products could invite new criticism. The report comes after a whistleblower testified over claims against the company this week. See more stories on Insider's business page. Facebook is holding off on new product launches so it can surv...
Tags: Facebook, Mark Zuckerberg, News, Instagram, Congress, Senate, New York City, Trends, Social Media, Wall Street Journal, Journal, Tech Companies, Tech Insider, Haugen, Facebook Files, Andy Stone

Mark Zuckerberg says whistleblower's claims that Facebook places profit over people 'don't make any sense.' Read his full response to the whistleblower's testimony.

Facebook CEO Mark Zuckerberg in Washington D.C. on Oct. 23, 2019. Andrew Harnik/AP Facebook whistleblower Frances Haugen testified before Congress on Tuesday. Facebook CEO Mark Zuckerberg responded to the hearing with a 1,300-word statement. Zuckerberg said multiple claims made during the hearing "don't make any sense." See more stories on Insider's business page. Facebook CEO Zuckerberg has criticized testimony from former Facebook employee Frances Haugen, who told a US Senate com...
Tags: Facebook, Mark Zuckerberg, News, Instagram, Congress, Washington, US, Trends, US Senate, Capitol Hill, Whistleblower, Zuckerberg, Mark, Andrew Harnik, Facebook During, AP Facebook

Facebook Whistleblower Frances Haugen Testifies On Capitol Hill; Tells Senators ‘We Must Act Now’

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Tags: Google, Facebook, Mark Zuckerberg, Pinterest, Instagram, Congress, Cbs News, Senate, SEC, Capitol Hill, Bay Area, KPIX, San Jose State University, Senate Commerce, Rob Enderle, Enderle

Experts say it's 'theoretically possible' the Facebook outage was connected to a whistleblower's bombshell claims against the company - but not likely

Facebook whistleblower Frances Haugen testifies to senate committee Matt McClain-Pool/Getty Images Hours after an interview with a Facebook whistleblower aired, the firm suffered a widespread outage. Experts told Insider the two events likely aren't connected and are merely a "coincidence." But they also said it's "theoretically possible," and hackers could have attacked to "make a point." See more stories on Insider's business page. Facebook and its carousel of apps suffered a...
Tags: Facebook, News, Instagram, Congress, Trends, Social Media, Cbs, Tech Companies, Outage, Lloyd, Das, Tech Insider, Ryan Lloyd, Adam Mosseri, Haugen, Matt McClain

Facebook's week of scandals has made it easier than ever to argue for its downfall - here's why the whistleblower still thinks it shouldn't be broken up

Facebook whistleblower Frances Haugen testifies to senate committee Matt McClain-Pool/Getty Images Facebook's chaotic outage Monday revealed its outsized grip on users around the world. The next day, whistleblower Frances Haugen testified to US lawmakers after leaking internal documents. Here's why the whistleblower doesn't Facebook should be broken up. See more stories on Insider's business page. The past two days have provided nothing but ammo for Facebook critics. On M...
Tags: Facebook, Politics, News, Instagram, Congress, US, Trends, Antitrust, Whistleblower, Ftc, Zuckerberg, Misinformation, Instagram Facebook, Facebook WhatsApp, Big Tech, Tech Insider

The most important moments from the Facebook whistleblower's testimony: 'The buck stops with Mark'

Former Facebook employee and whistleblower Frances Haugen arrives to testify before a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill on Tuesday, Oct. 5, 2021, in Washington. Drew Angerer/Pool via AP Former Facebook employee and whistleblower Frances Haugen testified before Congress Tuesday. The hearing comes after she leaked internal documents showing the company's controversial practices. She testified that Facebook prioritized profits over stopping ...
Tags: Facebook, Mark Zuckerberg, Politics, News, Instagram, Congress, Senate, Massachusetts, Trends, Social Media, Capitol Hill, MSI, Wall Street Journal, Tech Companies, Mark, Richard Blumenthal

Senator says Facebook will 'haunt a generation' and blasts Mark Zuckerberg for going sailing during whistleblower hearing

Facebook founder and CEO Mark Zuckerberg, left, and Sen. Richard Blumenthal (D-Conn.) Michael Macor/The San Francisco Chronicle via Getty Images; Ken Cedeno-Pool/Getty Images Connecticut Sen. Richard Blumenthal criticized Mark Zuckerberg on Tuesday. Blumenthal said Facebook's inaction on Instagram's effect on teens will "haunt a generation." "Zuckerberg's new policy is no apologies, no admissions, no acknowledgement," he said. See more stories on Insider's business page. In...
Tags: Facebook, Mark Zuckerberg, Politics, Instagram, Congress, Senate, Trends, Bloomberg, Getty Images, Connecticut, Silicon Valley, Securities And Exchange Commission, Zuckerberg, Richard Blumenthal, San Francisco Chronicle, Duke Ellington

US Lawmakers Demand Facebook Probes; Whistleblower Says Children Harmed

U.S. lawmakers pounded Facebook on Tuesday, accusing CEO Mark Zuckerberg of pushing for higher profits while being cavalier about user safety and they demanded regulators investigate whistleblower accusations that the social media company harms children and stokes divisions. Reuters: Coming a day after Facebook and its units including Instagram suffered a major outage, whistleblower Frances Haugen testified in a congressional hearing that "for more than five hours Facebook wasn't used to deepen ...
Tags: Facebook, Mark Zuckerberg, Instagram, Congress, US, Tech, Capitol Hill, Zuckerberg, Reuters, Richard Blumenthal, Blumenthal, Marsha Blackburn, Senate Commerce, Haugen, Frances Haugen, Whistleblower Says Children Harmed

Facebook's whistleblower is testifying before Congress - here are the most important moments so far

Whistleblower Frances Haugen in a 60 Minutes interview on October 3 said that Facebook had not done enough to halt the spread of misinformation. CBS News Former Facebook employee and whistleblower Frances Haugen will testify before Congress Tuesday. The hearing comes after she leaked internal documents showing the company's controversial practices. She's expected to testify that Facebook prioritized profits over stopping extremism and division. See more stories on Insider's bus...
Tags: Facebook, Politics, News, Instagram, Congress, Trends, Social Media, US Senate, Wall Street Journal, Tech Companies, Reuters Congressional, Tech Insider, Check, Haugen, Facebook Files, Facebook Hearing

The most important moments from the Facebook whistleblower's testimony

Former Facebook employee and whistleblower Frances Haugen arrives to testify before a Senate Committee on Commerce, Science, and Transportation hearing on Capitol Hill on Tuesday, Oct. 5, 2021, in Washington. Drew Angerer/Pool via AP Former Facebook employee and whistleblower Frances Haugen will testify before Congress Tuesday. The hearing comes after she leaked internal documents showing the company's controversial practices. She's expected to testify that Facebook prioritized pro...
Tags: Facebook, Mark Zuckerberg, Politics, News, Instagram, Congress, Senate, Massachusetts, Trends, Social Media, Capitol Hill, MSI, Wall Street Journal, Tech Companies, Mark, Capitol

10 things in tech you need to know today

Drew Angerer/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. ​​Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's get started.1. Facebook had a rough day yesterday. Following whistleblower Frances Haugen's interview on 60 Minutes (watch a clip here), Mark Zuckerberg's net worth took a nosedive, dipping by $7 billion in a matter of hours. What's behind the nosedive: A ...
Tags: Amazon, Facebook, Mark Zuckerberg, Elon Musk, Instagram, Microsoft, Congress, China, US, Newsletter, Trends, Tech, Tesla, Alibaba, Jeff Bezos, Owen Wilson

Facebook’s global outage adds to its many recent woes | First Thing

Billions of users found Facebook, Instagram and WhatsApp inaccessible, prompting a company apology. Plus, the world according to Stevie Van ZandtGood morning.Facebook had a terrible day on Monday. The social media company experienced one of the worst outages in its history, leaving users around the world unable to access its platforms, including Instagram and WhatsApp, for several hours.What did Mark Zuckerberg say about the outage? He apologized on Facebook once the website was back online, but...
Tags: Facebook, Mark Zuckerberg, Instagram, Congress, US news, Associated Press, Facebook Instagram, Haugen, Stevie Van ZandtGood, Sara Tartof

How tech platforms were dragged into America's polarized political tug-of-war

Facebook, Google, Twitter, and others have become targets on Capitol Hill, with lawmakers using them to push their agendas. Google; Twitter; Instagram; Facebook; Samantha Lee/Insider Lawmakers have weaponized tech firms and their content moderation decisions to drive agendas. It's the culmination of a slew of factors, like the post-2016 techlash and the Trump administration. Experts say tech animosity has become "a core Republican tenet," and progressives want more rules. See more stor...
Tags: Google, Facebook, Mark Zuckerberg, Twitter, Instagram, Obama, Congress, Washington, Senate, Elizabeth Warren, US, America, Barack Obama, Trends, Tech, Ted Cruz