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Sunday, November 27, 2022

‘Facebook Papers’ hit as platform reports billions in profit

Fresh leaks attack Facebook.

SAN FRANCISCO: Facebook announced over $9 billion in quarterly profits on Monday, hours after a US news collective published a deluge of withering reports arguing the company prioritizes its growth over people’s safety.

The social media giant has been battling a fresh crisis since former employee Frances Haugen leaked reams of internal studies showing executives knew of their sites’ potential for harm, prompting a renewed US push for regulation.

Facebook released results showing its profit in the recently-ended quarter grew to over $9 billion — a 17% increase — and its ranks of users increased to 2.91 billion.

Hours earlier, new reports blamed CEO Mark Zuckerberg for his platform bending to state censors in Vietnam, noted Facebook allowed hate speech to flourish…

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