Conduct revealed in leaked documents \u0027pretty concerning,\u0027 Schmidt said
The documents — shared with the U.S. Securities and Exchange Commission and Congress by whistleblower Frances Haugen and obtained by the Wall Street Journal, Bloomberg and other media outlets — show that Meta struggled to contain hate speech and misinformation.
They also revealed that the company’s own staff, including internal researchers, faulted it for failing to stop the proliferation of groups that fomented the U.S. Capitol attack on Jan. 6. And internal studies spotlighted the potential risks of its Instagram photo-sharing app for teen girls. The company, valued at US$934 billion, rebranded itself as Meta last month.Article content
“The disturbing thing is that people have said a long time ago that Facebook was doing this, but people said, ‘Well, they didn’t understand or they didn’t measure it,'” Schmidt said. “And what we learned in those disclosures is that these companies — and Facebook in particular — knew what it was doing.”Still, Schmidt said he opposes trying to regulate the tech industry.
The company’s rebranding move to Meta speaks to a new emphasis on building a metaverse — a virtual-reality social space that would eventually take over from the web and app social services of today. Meta said it will also seek to renew its appeal to younger users, with CEO Mark Zuckerberg saying executives will “make serving young adults their North Star, rather than optimizing for the larger number of older people.
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