Wednesday, Dec. 22, 2021
This year was a wild ride for the world’s largest tech companies, from Microsoft (MSFT) and Google (GOOG, GOOGL) reaching a $2 trillion market cap to the chip shortage taking a bite out of Apple’s (AAPL) revenue.
But ex-Facebook (FB) employee Frances Haugen spearheaded the year’s biggest tech story: the leak of thousands of internal documents dubbed The Facebook Papers. The trove laid bare Facebook-parent Meta’s inability to police its platform, risking public safety in the U.S. and abroad. It also showed the negative impacts of Meta-owned Instagram on the mental health of some teen girls.
The leak forced Instagram chief Adam Mosseri to pause plans for a version of Instagram for users under 13, and supercharged talk among U.S. lawmakers to hold Meta accountable for seemingly ignoring content like human trafficking and hate speech.
“I personally consider this one of the most important stories, and it's something that people should be paying attention to,” Georgetown University McDonough School of Business associate teaching professor Christie Nordhielm told Yahoo Finance.
While the Facebook Papers humiliated Meta in 2021, they could prove even more problematic for the company in 2022, as governments around the world begin to crack down on the social...
President Donald Trump made false claims about NATO, NASA, foreign policy, taxes, immigration and other subjects in a Fox Business interview that aired Wednesday morning. Here is a fact check of s...